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President Oieda opened the public hearing at 5:29 p.m. Haley Bowers, Economic <br />Development Manager, provided an update. There were no public comments. <br />President Oieda closed the public hearing at 5:37 p.m. <br />Member Earp moved to approve a project for new or expanded enterprises in the <br />amount of $87,588.00 for building and site improvements at 115 West Main Street, <br />La Porte, Texas; Member McCaulley seconded the motion; the motion was <br />adopted, 6-0. <br />f. Main Street Station LLC - Development Agreement - Presentation, <br />discussion, and possible action to approve an incentive agreement between <br />the La Porte Development Corporation and Main Street Station LLC in an <br />amount not to exceed $101,837.00, for improvements to the building site <br />located at 115 W. Main Street, La Porte, Texas. [Haley Bowers, Economic <br />Development Manager] <br />Member Earn moved to approve an incentive agreement between the La Porte <br />Development Corporation and Main Street Station, LLC, in the amount of <br />$87,588.00 for building and site improvements at 115 West Main Street, La Porte, <br />Texas, for payments in three Portions of $29,196.00, for capital investment for the <br />first benchmark totaling $110,100.00, if qualifications in the agreement are met; <br />Member McCaulley seconded the motion; the motion was adopted, 6-0. <br />4. STAFF REPORTS <br />Mrs. Bowers referred to flyers for upcoming City grant workshops and shared her <br />takeaways from her ICSC-Las Vegas conference experience. <br />5. SET NEXT MEETING - Without objection, the next meeting was set for July 28. <br />6. BOARD COMMENTS <br />Members expressed disappointment with a recent SBA training; thanked Mr. Burke for <br />the Economic Alliance report; shared appreciation for the new flyers; and thanked Mrs. <br />Bowers for her work. <br />it q0 - 0 .. 9�- <br />xx OIJNT�, <br />3 <br />