1996-12-16 Regular Meeting - Laserfiche WebLink

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REAsT FOR OTY COUNOL AGENDA 11M Agenda Date Requested: December 16. 1996 Requested By: Robert T. Herrera Department: Administration Report Resolution XX Ordinance Exhibits: 1. Ordinance No, 2. Letter of Request from The Kroger Co. 3. Letter of Response from the City of La Porte 4. Letter of Support from the City of La Porte SUMMARY & RECOMMENDATION The project built by Kroger in our City, in my opinion, has been very successful and a positive influence towards our efforts of economic development. I believe their project will create additional positive growth. Their grocery sales have exceeded their initial projections which means we benefit by additional sales taxes. They employ more than twice the amount of full-time employees at this store when compared to their prior location in La Porte. In the City's efforts to negotiate a large store from Kroger, I pledged my support to Kroger to provide some relief to the enhancements needed along Fairmont Parkway. I believe it appropriate that the City allow this reimbursement to occur. According to Mr. Obermeier, the costs of the improvements totaled $33,500. City staff has reviewed the calculations, which were used as the basis for the request and recommends City Council authorize the City Manager to reimburse The Kroger Co. Funds are available from account #015-9892-700-9150 for this reimbursement. Action Required by Council: Authorize City Manager to expend funds for $33,500 to reimburse The Kroger Co. Availability of Funds: XX General Fund_ W aterlW astewater _ Capital Improvement_ General Revenue Sharing - Other Account Number: 015-9892-700-9150 Funds Available: X YES _ NO ADDroved for Citv Council Agenda ~T, ~ \ 'L- n..~ I.- Robert T. Herrera Date City Manager