04-16-12 Meeting of the La Porte Development Corporation Board of Directors

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RICHARD WARREN, PRESIDENT VACANT POSITION JOHN ZEMANEK, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER MIKE CLAUSEN, BOARD MEMBER RANDY WOODARD, BOARD MEMBER NANCY OJEDA, BOARD MEMBER MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF APRIL 16, 2012 The City of La Porte Development Corporation Board met on Monday, April 16, 2012, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00 p.m. to consider the following items of business: 1. Call to Order President Warren called the meeting to order at 5:00 p.m. The following members of the La Porte Development Corporation Board were present: Board members Ojeda, Zemanek, Clausen and Woodard. Absent: Board member Engelken. Staff Present: Steve Gillett, Stacey Osborne, Patrice Fogarty, Traci Leach, and Assistant City Attorney Clark Askins. 2. Executive Session — The La Porte Development Corporation reserves the right to meet in executive session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, Title 5, Chapter 551, of the Texas Government Code, including, but not limited to, the following: Texas Government Code, Section 551.087(1)(2) — Deliberation regarding economic development negotiations: Discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect or the offer of a financial or other incentive to a business prospect that the governmental body seeks to have locate, stay or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations. Board members recessed the regular meeting to convene an executive session at 5:02 p.m. to discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect or the offer of a financial or other incentive to a business prospect that the governmental body seeks to have locate, stay or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations. 3. Reconvene into regular session and consider action, if any, on items discussed in executive session. The executive session was concluded at 5:39 p.m. Board members reconvened the regular meeting at 5:40 p.m. Agenda Items 5 and 6 were taken out of order prior to action being taken on Item 4. 4. Discussion or other action to consider response to a request for economic development incentives for a proposed development in the Battleground Industrial District. Board member Zemanek made a motion for the La Porte Development Corporation to commit to a development project providing for a grant not to exceed $1,000,000, to offset the cost of drainage Page 1 of 2 April 16, 2012, La Porte Development Corporation Board Minutes