9-27-21 Regular Meeting of the La Porte Development Corporation Board

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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Agenda Date Requested: September 27, 2021 Requested By: Jason Weeks, Asst. City Mgr. Department: Administration/CMO Report i' Resolution 1�'°' Ordinance Exhibits: None Appropriation Adm. Transfer to Fund Source of Funds: 015 Account Number: 038-6030-565-9015 Amount Budgeted: $1,791,031 Amount Requested: $1,791,031 Budgeted Item: 4' Yes �,.", No SUMMARY & RECOMMENDATION In order for the La Porte Development Corporation to expend the FY 2021-22 budgeted funds allotted for CIP projects in the latest budget cycle, the City has to post these projects much like we are required for an incentive given to a private corporation. Approval of this agenda item will start the 60-day citizen comment period. After this period, staff will bring the list forward for final approval by the Board. The discussed list of approved CIP projects are as follows: 2021-22 Fiscal Year • Downtown Lighting & Enhancements - $150,000 • Enhancement Grant Program - $100,000 • Fairmont Park Splash Pad (1/3 Funding) - $200,000 • Dog Park at Fairmont Park - $212,275 • Broadway Street Trail Lighting Phase II - $ 390,156 • Signage Project Phase I - $350,000 • Fairmont Park Improvements (Exercise Shade Structure) - $52,600 • Pecan Park Parking Lot Improvements - $336,000 • Total Projects - $1,791,031 Staff request the LPDC Board to approve staff to publicly post the above projects in the Bay Area Observer on Thursday, October 7t" to begin the 60-day comment period for these projects. December 6t" will be the 60t" day; therefore, staff will schedule a public hearing on December 13t" prior to the La Porte Drainage & Flooding Committee meeting to finalize this process in order for these projects to be funded. ACTION REQUIRED BY LPDC BOARD