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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM <br />Agenda Date Requested: 14 October 2013 <br />Requested By: Scott Tâ–º_ 1.ivingctnn <br />Department: <br />Report: Resolution: Ordinance: <br />Exhibit: Proposed, Revised Enhancement Grant Program <br />Guidelines <br />Exhibit: Pages from the City of La Porte's Strategic Plan <br />for 2013 - 2017 <br />Exhibit: <br />Budeet <br />Source of Funds: General Fund <br />Account Number: 015-9892-993 <br />Amount Budgeted: 5200,000 <br />Amount Requested: $nn,nnn mora <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATIONS <br />In the Strategic Plan for 2013 - 2017, City Council expressed an interest in re -developing and eliminating <br />blight on both Broadway and SH 146. One tool that could be used to achieve this goal is expanding the <br />Enhancement Grant Program beyond the borders of Main Street to include Broadway and SH 146. <br />During the Board's most recent meeting, staff received direction to revise the current program application <br />and guidelines and bring the amended documents back for review and discussion by the Board. <br />While revising the Enhancement Grant Program Guidelines, staff noted that enhancement grant applicants <br />must complete all work described in the application within one (1) year from the date the grant is <br />approved, unless an extension is requested and accepted by the Enhancement Grant Evaluation <br />Committee (EGEC). Of the four (4) outstanding enhancement grant commitments, two (2) of them, <br />which are marked with an asterisk (*), have passed the deadline for their enhancement grant project <br />without making a request for, or receiving, an extension. <br />Enhancement Grant Applicant Grant $ Offered Deadline for Completion <br />Follis Construction $25,000 December 13, 2012 <br />Paskey, Inc. $25,000 March 15, 2013 <br />Entrust Professional Insurance Company $17,611 January 21, 2014 <br />Stepping Stone Funeral Home $ 1,065.10 February 26, 2014 <br />Staff continues to promote the Enhancement Grant Program to the businesses on Main Street. Mr. Jaime <br />Suarez, the new owner and chief chef of Ogarrios Restaurant, is planning to submit an enhancement <br />grant project for the 4B Board's approval on November 1 l th. During the course of this enhancement grant <br />discussion, staff will also engage the owners of the large retail shopping center on the northeast corner of <br />Broadway and Fairmont Parkway. <br />G <br />