03-24-2025 CC minutes - Laserfiche WebLink

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e. Foreign Trade Zone Request - Frontier Logistics - Presentation, discussion, and possible action to authorize the City Manager to sign a letter of no objection for the Frontier Logistics foreign trade zone application, and approve the foreign trade zone agreement between the City of La Porte, Texas, and Frontier Logistics LP for payment in lieu of ad valorem taxes. [Haley Bowers, Economic Development Manager] Mayor Pro Tern Engelken; the motion was adopted. 7-2, Councilperson Guerra and Williams voting against. 8. Reports a. Report of the La Porte Development Corporation Board of Directors meeting [Mayor Pro Tem Engelken] Mayor Pro Tern Engelken said the Board met, received a presentation from the District Director of the Small Business Administration, approved a 60-day public comment period for Main Street Station, approved an enhancement grant for Main 101 Grill and Bar Inc., in an amount not to exceed $44,938.28, approved publishing a notice to begin the 60-day comment period for an amendment to the previously approved project of the La Porte Development Corporation for a fitness center parking lot, by amending the scope of the project to include sidewalks and other related improvements, and received a CIP report. b. Fund Balance Report [Michael Dolby, Finance Director] Mr. Dolby reported that, for the month of January, the General Fund has 614 days of working capital and expects it to end the year with around 378 days, at a value of $207,000 per day. He said the Utility Fund has 192 days of working capital. c. Notification of informational document on ESD continuation election [Corby Alexander, City Manager] Mr. Alexander explained the purpose and constraints around the continuation election information provided. d. Administrative Reports [Corby Alexander, City Manager] The new video from the recent State of the Cities and LPISD luncheon was shown. 9. Items of Community Interest