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exceed $7,559.73 for property located at 912 W. Main. Board member Ojeda seconded the motion. <br /> MOTION PASSED UNANIMOUSLY 7/0. <br /> (b) Consider approval or other action authorizing the Board President Richard Warren to sign and <br /> execute a development agreement with Margaret Lindsey Russell for an enhancement grant <br /> project in an amount not to exceed $25,000.00 for property located at 1026 S. 8111 Street <br /> La Porte, Texas —T. Leach <br /> Assistant City Manager Traci Leach presented a summary. Board member Ojeda asked if the <br /> business is currently for sale. Ms. Russell responded yes. <br /> Board member Engelken asked if the business is for sale and the Board approves the development <br /> agreement, how it will affect the new owner. <br /> Assistant City Attorney Clark Askins advised there is a clause in the agreement saying a new owner <br /> cannot be reassigned to the development agreement without written consent of the La Porte <br /> Development Corporation Board and suggested if there is a new owner, the agreement come back <br /> to the Board. <br /> Board member Ojeda commented she has a problem with approving the development agreement <br /> knowing the business will be sold. <br /> Board member Woodard moved to authorize Board President Richard Warren to sign and execute a <br /> development agreement with Margaret Lindsey Russell for an enhancement grant project in an <br /> amount not to exceed $25,000.00 for property located at 1026 S. 8th Street La Porte, Texas. <br /> President Warren seconded. MOTION FAILED. <br /> Ayes: President Warren, Board members Woodard and Clausen <br /> Nays: Vice-President Ojeda, Board members Engelken, Fuller and <br /> Guerrero <br /> Absent: None <br /> (c) Consider approval or other action regarding the appointment of a President and Vice-President <br /> for the Board of the La Porte Development Corporation —T. Leach <br /> Assistant City Manager Traci Leach presented a summary. Vice-President Ojeda nominated Board <br /> member Engelken, but he declined. <br /> Board member Engelken moved to keep as is, with Richard Warren as President and Nancy Ojeda <br /> as Vice-President. Board member Clausen seconded the motion. MOTION PASSED <br /> UNANIMOUSLY 7/0. <br /> Vice-President Ojeda left the meeting at 5:24 p.m. <br /> (d) Consider approval or other action designating projects of the La Porte Development Corporation <br /> and authorize Staff to publish public hearing notice for December 12, 2016 —T. Leach <br /> Assistant City Manager Traci Leach presented a summary. <br /> Board member Engelken moved to designate projects of the La Porte Development Corporation and <br /> authorize Staff to publish public hearing notice for December 12, 2016. Board member Fuller <br /> seconded the motion. MOTION PASSED UNANIMOUSLY 6/0. Vice-President Ojeda had left the <br /> meeting. <br /> Page 2 of 3 <br /> September 26, 2016, La Porte Development Corporation Board Minutes <br />