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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: AU2ust 25. 2008 <br /> <br />Appropriation <br /> <br />Requested By: Ron Bottoms <br /> <br />Source of Funds: <br /> <br />Department: City Manaper's Office <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: X <br /> <br />Amount Budgeted: <br /> <br />Exhibits: Ordinances <br /> <br />Amount Requested: <br /> <br />Exhibits: Industrial District A2reement <br /> <br />Budgeted Item: <br /> <br />(YES) <br /> <br />NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City and Industry have agreed to renew the provisions of the Industrial District Agreement for a twelve year <br />period. The current agreements expired on December 31, 2007, the common date for the Battleground and Bayport <br />Industrial Districts. <br /> <br />This property was a split from Goodyear in late 2007 and the previously signed Industrial Agreement and was <br />approved in October 2007. A new company was formed from this split and requires a new Industrial District <br />Contract. <br /> <br />Staff recommends City Council authorize the execution of Industrial District Agreement with the following <br />industry: <br /> <br />· Ordinance No. 2007-IDA-I09 <br /> <br />US Industrial REIT II <br /> <br />Action Required bv Council: <br /> <br />Consider approval of the ordinance 2007-IDA-109 authorizing the execution by the City of La Porte ofIndustrial <br />IS 'ct Agreement listed above. <br /> <br /> <br />fJ /J-, !;/O <br /> <br />Date <br />