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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM <br />Budget <br />Agenda Date Requested: 27 June 2016 <br />Source of Funds: CIP #015-9892-993 <br />Requested By: Traci Leach <br />Account Number: <br />Department: Administration/Economic Development <br />Amount Budgeted: $240,835.31 <br />Report: Resolution: Ordinance: <br />Amount Requested: $25,000.00 <br />Exhibit: Application, Blondie’s, 31 May 2016 <br />Budgeted Item: YES NO <br />Exhibit: Bid Sheet Summary <br />Exhibit: Enhancement Grant Evaluation Summary <br />Exhibit: Development Agreement – Signed <br />SUMMARY & RECOMMENDATION <br />The Enhancement Grant Review Committee reviewed an Enhancement Grant Application from <br />th <br />Blondie’s Bar & Grill (dba “MARGARET LINDSEY RUSSELL”)at 1026 S. 8 Street in <br />La Porte, Texas. The applicant collected bids to complete each of three projects. For each <br />project for a value equal to or greater than $2,000, the applicant collected three bids. The <br />proposed projects are as follows: <br />1) Install patio and building wrap-around covers/awnings -- $21,300.00 <br />2) Paint the sides and roof of the building -- $ 5,965.00 <br />3) Re-pave and re-stripe the parking lot -- $25,899.00 <br />TOTAL $53,164.00 <br />As a result of the lowest bids for each project, the total expenditure proposed to be made by the <br />applicant is estimated to be $53,164.00. Although 50% of this sum is $26,582.00, the maximum <br />amount that the applicant might receive without petitioning the City Council for additional <br />funding is $25,000.00. Therefore, in the interest of time, the applicant is requesting the reduced <br />sum of $25,000.00. Please refer to the “Bid Sheet Summary” for project bid details. <br />The Enhancement Grant Evaluation Committee reviewed this enhancement project and believes <br />that this project will encourage similar re-development throughout the community of La Porte. <br />The Enhancement Grant Evaluation Committee gave this project a score of 3.90 out of a <br />maximum possible score of 5.0. Please refer to the enclosed “Evaluation Summary” for <br />additional details. <br />In the Budget block at the top of the page, $240,835.31 represents the amount of uncommitted <br />1 <br />44 44 <br /> <br />