08-01-11 Meeting of the La Porte Development Corporation Board of Directors

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REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM Agenda Date Requested: 8/1/11 Requested By: Stacey Osborne Department: CMO Report: X Resolution: Ordinance: Exhibits: Application Exhibits: Evaluation Summary Exhibits: Appropriation Source of Funds: Account Number: 15-9892-993-1100 Amount Budgeted: 5200,000 Amount Requested: 56,000 Budgeted Item: YES NO SUMMARY & RECOMMENDATION In the 2008-09 budget year, the La Porte Economic Development Corporation agreed to fund an enhancement grant program for the Main Street Overlay District. The program offered matching grants of up to $25,000 for businesses in the Main Street Ov erlav District to improve building facades. The project was allotted $200,000. The goals of the project iyere to beautify Main Street, to enhance Main Street's appeal to new businesses and visitors, and to add value to the Citv of La Porte. Main Street business owner Deb Gallington has applied for a grant for the facade renovation, signage, outdoor furniture, and decoration for her buildings at 223 West Main Street and 105 South 2"" Street. The Enhancement Grant Application Committee met to discuss the application, and agreed that it should be approved for an amount not to exceed $6,000. The actual award will be one-half of the amount Ms. Gallington spends on approved expenses for the project, and will be contingent upon the project being completed as indicated in this grant application. Attached is the application that Ms. Gallington submitted, as well as an evaluation suzmman-. Please note that the original grant request was for $8,527.96, but the committee declined to award $2,605.04 for outdoor furniture, since the furniture will not be a permanent part of the building in the Main Street District. Also, the committee asked that the murals that Ms. Gallington is planning to produce be permanently affixed to the building, and that they will not be removed if and when Ms. Gallington and Mainly Drinks depart this location. The committee recommends that the Board conditionally award a grant in an amount not to exceed $6,000, based on receipts and completion of work as indicated. Action Required by Economic Development Corporation: Consider approving a grant amount not to exceed $6,000 for Ms. Gallington, to be awarded at the completion of the project, conditional upon receipts and completion of work as indicated. Approved for La Porte Development Corporation Agenda