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(d) <br />Consider approval or other action authorizing the Interim City Manager to executea lease <br />termination agreement for 908 W. Main Streetand a development services agreement with <br />the Economic Alliance Port Region – T. Leach <br />Assistant City Manager Traci Leach presented a summary. <br />Councilmember Martin questionedwhythe six-year membership feeis in the agreement. Assistant <br />City Manager Traci Leach responded the term was requested by theEconomic Alliance Port <br />Region. Six years is the amount of time left on the existing lease, and theEconomic Alliance Port <br />Regionwanted the agreement to beconsistent with the development servicesagreement. <br />Councilmember Martin also questioned the benefits and reporting received from the Economic <br />Alliance Port Region. Assistant City Manager Traci Leach advised theCity can tap into a higher <br />level of accountability, and the Economic Alliance Port Regionis available to come before Council <br />and provide quarterly reports. <br />Councilmember Zemanekquestioned if there are any penalties if the building isnotvacatedas <br />promised. Assistant City Manager respondedthere are no penalties,but the Economic Alliance <br />PortRegionindicated they would vacate well in advanceof the deadline. <br />Councilmember Zemanek moved to approvethe Interim City Manager to executea lease <br />termination agreement for 908 W. Main Streetand a development services agreement with the <br />MOTION PASSED. <br />Economic AlliancePort Region. Councilmember Moser seconded. <br />Ayes: Mayor Pro Tem Engelken, Councilmembers Zemanek, <br />Mosteit, Martin, Clausen, and Moser <br />Nays: None <br />Absent:Mayor Rigby, Councilmembers Leonard and Kaminski <br />(e) <br />Consider approval or other action authorizing the Interim City Manager to negotiate and <br />execute a purchase and sale agreement, and any necessary agreements and instruments <br />related thereto, for the transfer of 908 W. Main Street to the La Porte Development <br />Corporation, acting as an independent foundation, for the sale of such property to K. Belle <br />Interests for the development of office space – T. Leach <br /> <br />Assistant City Manager Traci Leach presented a summary. <br />Councilmember Martin moved approve authorizingthe Interim City Manager to negotiate and <br />execute a purchase and sale agreement, and any necessary agreements and instruments related <br />thereto, for the transfer of 908 W. Main Street to the La Porte Development Corporation, acting as <br />an independent foundation, for the sale of such property to K. Belle Interests for the development of <br />MOTION PASSED. <br />office space. Councilmember Mosteit seconded. <br />Ayes: Mayor Pro Tem Engelken, Councilmembers Zemanek, <br />Mosteit, Martin, Clausen, and Moser <br />Nays: None <br />Absent:Mayor Rigby, Councilmembers Leonard and Kaminski <br />8.DISCUSSION OR OTHER ACTION <br />(a) <br />Discussion or other action regarding funding for regional bus service in the proposed Fiscal <br />Year 2012-2013 Budget – T. Leach <br />Assistant City Manager Traci Leach discussed future funding for regional bus service in the <br />proposedFiscal Year 2012-2013 Budget. <br />Page 4 of 6 <br />May 14, 2012, City Council Meeting Minutes <br /> <br />