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The attached documents amend the development agreement and associated supporting documents to The attached documents amend the development agreement and associated supporting documents <br /> to <br />reflect the additional closure of this property.  The 1,800 square foot area adds $8,100 to the value of the reflect the additional closure of this property.  The 1,800 square foot area <br /> adds $8,100 to the value of the <br />incentive offered to El Toro for the construction of the new restaurant.  All performance benchmarks and incentive offered to El Toro for the construction of the new restaurant.  All <br /> performance benchmarks and <br />timelines remain unchanged from the original documents approved on October 10, 2016.  Only the timelines remain unchanged from the original documents approved on October 10, 2016.  Only <br /> the <br />references to the total value of the closure has been changed.references to the total value of the closure has been changed. <br />Staff recommends approval of the amended Chapter 380 Agreement between the City of La Porte and Staff recommends approval of the amended Chapter 380 Agreement between the City of La <br /> Porte and <br />Ybarra restaurants to construct a new El Toro restaurant.Ybarra restaurants to construct a new El Toro restaurant. <br />Action Required of Council:Action Required of Council: <br />Consider approval or other action authorizing the Mayor to execute amendments to a Chapter 380 Consider approval or other action authorizing the Mayor to execute amendments to a Chapter <br /> 380 <br />Agreement between the City of La Porte and Ybarra Restaurants, Inc. and all associated documents for Agreement between the City of La Porte and Ybarra Restaurants, Inc. and all associated <br /> documents for <br />waiver of payment for closure of street right of way for the construction of a new El Toro restaurant.waiver of payment for closure of street right of way for the construction of a new <br /> El Toro restaurant. <br />Approved for City Council AgendaApproved for City Council Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />