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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: 1/9/12 <br />Appropriation <br />Source of Funds: Fund 015 <br />Requested By: Stacey Osborne <br />Department: CMO <br />Report: X Resolution: Ordinance: <br />Exhibits: Receipt Reconciliation <br />Account Number: 15- 9892 - 993 -1100 <br />Amount Budgeted: 5200,000 <br />Amount Requested: 525,000 <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATION <br />In the 2010 -11 budget year, the La Porte Development Corporation Board agreed to fund an <br />enhancement grant program for the Main Street District. The program offers matching grants of <br />up to $25,000 for businesses in the Main Street District to improve building facades. The project <br />was allotted $200,000. The goals of the project are to beautify Main Street, to enhance Main <br />Street's appeal to new businesses and visitors, and to add value to the City of La Porte. <br />The Board approved a grant for Don Hulen, owner of the La Porte Toolbox (formerly Real <br />Cheap Tools), at the La Porte Development Corporation Board meeting on June 27, 2011. Mr. <br />Hulen has performed the work as indicated in his application, and he has submitted his receipts <br />for payment. The Board has reviewed Mr. Hulen's receipts, the work completed, and has verified <br />that the property is in good standing with the City regarding property taxes for 2011. <br />Earlier this evening, this grant request was approved by the Board. However, because the <br />amount is over $15,000, the La Porte Development Corporation By -Laws require Council's <br />approval to expend the funds. <br />Action Required by Council: <br />Consider approval or other action affirming the La Porte Development Corporation Board's <br />action awarding Mr. Don Hulen /Real Cheap Tools $25,000 for satisfactory completion of the <br />facade grant program. <br />Approved for City Council Agenda <br />Steve Gillett, Interim City Manager <br />Date <br />