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In April of 2012, the LPDC Board approved an incentive grant of $1,000,000, to be paid to <br />INEOS in two installments, to help offset the cost of these improvements and make the site more <br />competitive. INEOS requeststhe 4B Board’s approval of the final, signed incentive agreement, <br />so that it mayinclude this incentive in the final site and financial decision its board will be <br />making in the first quarter of 2014. <br />Action Required by the La Porte Development Corporation: <br />Consider approval or other action of an incentive agreement between the La Porte Development <br />Corporation and INEOSUSA, LLC. <br />Approved for the La Porte Development CorporationAgenda <br />Corby D. Alexander,City ManagerDate <br /> <br />