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<br />REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM <br /> <br />Agenda Date Requested: 1/10/11 <br />Requested By: Stacey Osborne <br />Department: CMO <br /> <br />Appropriation <br />Source of Funds: N/ A <br /> <br />Account Number: <br /> <br />Report: X Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br /> <br />Exhibits: SUMMARY OF ITEMS PERTAINING <br />TO MUNICIPALITIES AND ECONOMIC <br />DEVELOPMENT CORPORA nONS <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />At the November 15,2010 meeting of the Economic Development Corporation (EDe), the Board expressed an <br />interest in learning more about how an EDC operates differently from a City Council. The attached information <br />describes how and EDC operates and how it differs in operation and rules and regulations from a City Council. <br /> <br />Action Required bv Economic Development Corporation: <br /> <br />Provide guidance to staff. <br /> <br /> <br />( (r-t <br /> <br />date <br />