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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Appropriation <br /> <br />Agenda Date Requested: December 13.2010 <br /> <br />Source of Funds: N/ A <br /> <br />Requested By: Tim Tietiens <br /> <br />Account Number: N/A <br /> <br />Department: Plannine: <br /> <br />Amount Budgeted: N/A <br /> <br />Report: ~Resolution: _Ordinance:_ <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: Rail Spur Agreement <br />La Porte Real Property LLC Letter <br />Map of Affected Properties <br /> <br />Budgeted Item: _YES _NO <br /> <br />SUMMARY <br /> <br />Attached is a copy of a letter from La Porte Real Property, LLC requesting an additional one-year <br />extension to the Rail Spur Agreement between the City of La Porte and Frontier Logistics LLC, and La <br />Porte Real Property, LLC. The original agreement was commenced in February of 2008 and has since <br />been extended due to the economic downturn that began in 2008 and continues to affect the transportation <br />logistics industry among many others. <br /> <br />Staff met with representatives of La Porte Real Property, LLC and supports their request for an additional <br />extension due to the continued economic downturn. <br /> <br />Action Required bv Council: <br /> <br />Recommend approval of an additional one-year extension to the Rail Spur Agreement. <br /> <br /> <br />Ron Bottoms, City Manager <br /> <br />II /11ro <br /> <br />Date I <br />