02-07-11 Special Called Regular Meeting and Workshop Meeting of the La Porte Development Corporation Board of Directors

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application, staff realized that (a) the grant application needed significant revisions, and (b) the Enhancement Grant Program had never formally been designated as a project of the EDC. Staff revised the application and submitted the revisions to the EDC Board at the meeting on February 7, 2011. The Board members agreed that they were fine with the application as revised, and they also agreed to extend the boundaries of the program beyond the Main Street Overlay into the actual Main Street District. Staff made the necessary changes to the application, and we are submitting it with this request as the application that will be used for the program if it is designated to be a project of the EDC. On August 23, 2010 the Board approved the expenditure of $200,000 for this project, if it is approved. Staff recommends that the Board approve the expenditure as noted. Action Required by Economic Development Corporation: Consider approval or other action regarding Project for the expenditure of La Porte Development Corporation funds in the amount of $200,000.00 to fund an enhancement grant program in the Main Street District and the Main Street R ict Overlay. A • • r 1v • 1, La Por • 1 evelo • ment Cor 'oration A ' enda \ \ Ron : ottoms, City anager Date