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. Re -Development Former Kroger $250,000+ <br />Waterfront Development $2 million + <br />(Note: Includes buying 3 homes, jetty, pier, and other infrastructure) <br />. Buy 6,250 square feet of property south of La Quinta on SH 146 $100,000 <br />(Note: To have exclusive ownership over 4.59 acres of land south of <br />La Quinta on SH 146) <br />. Restaurant/retail development unknown <br />(Note: Land, infrastructure, and incentives) <br />Staff Recommendation <br />Based upon the 4B Board's priorities, existing capital constraints, and demand for capital by other projects, Staff <br />recommends that the 4B Board consider awarding an economic development incentive to ACT for an amount <br />less than $450,000. <br />Action Required by the La Porte Development Corporation: <br />Consider approval or other action of the proposed 4B budget for Fiscal Year 2014-2015. <br />Approved for the La Porte Development Corporation Agenda <br />Corby D. Alexander, City Manager <br />Date <br />