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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM <br />September 14, September 14, AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />20152015 <br />N/AN/A <br />Source of Funds:Source of Funds: <br />Kathy PowellKathy Powell <br />Requested By:Requested By: <br />Account Number:Account Number: <br />FinanceFinance <br />Department:Department: <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />Amount Requested:Amount Requested: <br />Other: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />AttachmentsAttachments : : <br />1. Ordinance Ordinance <br />2. Industrial District Agreement Industrial District Agreement <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />The City and Industry have agreed to renew the provisions of the Industrial District Agreement for a The City and Industry have agreed to renew the provisions of the Industrial District <br /> Agreement for a <br />twelve year period.  The current agreements will expire on December 31, 2019, the common date for twelve year period.  The current agreements will expire on December 31, 2019, the common <br /> date for <br />the Battleground and Bayport Industrial Districts. the Battleground and Bayport Industrial Districts.  <br />Hydro-Fairmont Real Estate, LLC, located at 11802 Fairmont Parkway, has requested to execute an Fairmont Real Estate, LLC, located at 11802 Fairmont Parkway, has requested to execute <br /> an <br />Industrial District Agreement with the City of La Porte.  Property is being split out of 2007Industrial District Agreement with the City of La Porte.  Property is being split out of <br /> 2007--IDAIDA--002 002 – <br />Kelly Fairmont. Kelly Fairmont.  <br />Staff recommends City Council authorize the execution of Industrial District Agreement with HydroStaff recommends City Council authorize the execution of Industrial District Agreement <br /> with Hydro- <br />Fairmont Real Estate, LLC.Fairmont Real Estate, LLC.Fairmont Real Estate, LLC.Fairmont Real Estate, LLC. <br />Ordinance No. 2007Ordinance No. 2007--IDAIDA--137                      Hydro137                      Hydro--Fairmont Real Estate, LLCFairmont Real Estate, LLC <br />Action Required of Council:Action Required of Council: <br />Consider approval or other action of Ordinance 2007Consider approval or other action of Ordinance 2007--IDAIDA--137 authorizing the execution by the City of 137 authorizing the execution <br /> by the City of <br />La Porte of Industrial District Agreement listed above.La Porte of Industrial District Agreement listed above. <br />Approved for City Council AgendaApproved for City Council Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />