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HomeMy WebLinkAbout06-10-13 Meeting of the La Porte Development Corporation Board of Directors RICHARD WARREN,PRESIDENT MIKE CLAUSEN, BOARD MEMBER MIKE COOKSLEY, BOARD MEMBERRANDY WOODARD, BOARD MEMBER JOHN ZEMANEK, BOARD MEMBERNANCY OJEDA,BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER CITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDA Notice is hereby given of a meeting of theCity of La Porte Development Corporation to be held on June 10, 2013, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00p.m. to consider the followingitems of business: 1. Call to order 2. Consider approval of minutes of the meeting of La Porte Development Corporation Board held on April 22, 2013–P. Fogarty 3. Receive presentation from Catalyst Commercial regarding a retail and market study–S. Livingston 4. Consider approval or other action awarding a grant amount not to exceed $15,256.00 for Aubry Sartori,owner of Stepping Stone Funeral Home –S. Livingston 5. Consider approval or other action to move forward with an incentive grant request in an amount not to exceed $66,000.00 to Rob Johnson Interests for a new Retail Development –S. Livingston 6. Consider approval or other action authorizing the Board President to executean Economic Development Incentive Agreement between the La Porte Development Corporation and LP Group, LLC (Intergulf Corporation)for use of Type B Development Corporation Sales Tax Funds –S. Livingston 7. Discussion regarding Economic Development staff’s role andresponsibilities relating to the 2013- 2017 Strategic Plan and upcoming FY 2014 Budget–S. Livingston 8. Set date for next meeting –S. Livingston 9.Staff Reports (a)Receive Monthly Financial Report –M. Dolby 10.Board member commentsregarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies. 11.: Administrative Reports Update to Board Member Woodard’s question on HB 1935:This bill was voted out of committee but did not make it to the House floor for a vote during the regular session.Unless it is resurrected during the Special Session, it is not moving forward. Monthly Financial Report –M. Dolby 12. 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. 13. Reconveneinto regular session and consider action, if any, on items discussed in executive session. Page 1of 2 June 10, 2013, La Porte Development Corporation Agenda 14. Adjourn In compliance with the Americans with Disabilities Act, the City of La Porte City will provide for reasonable accommodations for persons attending publicmeetings. To better serve attendees, requests should be received 24 hours prior to the meetings. Please contact Patrice Fogarty, City Secretary, at 281.470.5019. CERTIFICATION I certify that a copy of the June 10, 2013, agenda of items to be considered by the Board of the La Porte Development Corporation was posted on the City Hall bulletin BoardonJune 4, 2013. Page 2of 2 June 10, 2013, La Porte Development Corporation Agenda RICHARD WARREN,PRESIDENT MIKE CLAUSEN, BOARD MEMBER MIKE COOKSLEY, BOARD MEMBERRANDY WOODARD,BOARDMEMBER JOHN ZEMANEK, BOARD MEMBERNANCY OJEDA, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF APRIL22, 2013 April22,2013, The City of La Porte Development Corporation Board met onat the City Hall Council 5:00p.m Chambers, 604 West Fairmont Parkway, La Porte, Texas, at .to consider the followingitems of business: 1. Call to Order President Warrencalled the meeting to order at 5:00p.m. The following members of the La Porte Development Corporation Board were present: Board membersZemanek, Woodard, Engelken, Ojeda, and Vice-President Cooksley. Board member Clausen arrived at 5:04 p.m. Staff Present:Corby Alexander,Traci Leach, Patrice Fogarty,Michael Dolby, Phyllis Rinehartand Assistant City Attorney Clark Askins. 2. Consider approval of Minutes of the La Porte Development Corporation Board held on February12, 2013–P. Fogarty Board member Zemanekmoved to approve the minutes as presented. Board member Engelken MOTION PASSED. seconded. Ayes: President Warren, Board members Woodard,Engelken, Zemanek, Ojeda andVice-President Cooksley Nays: None Absent:Board member Clausen 3. Public Hearing to receive comments on proposed expenditure of the La Porte Development Corporation in an amount not to exceed $570,000.00 for the purpose of supplementing a previous project funding allocation of $600,000.00, to fund various improvements to Lomax Park –S. Livingston The public hearing was opened at 5:01 p.m.Economic Development Coordinator Scott Livingston presented a summary regarding the expenditure of the La Porte Development Corporation in an amount not to exceed $570,000.00 for the purpose of supplementing a previous project funding allocation of $600,000.00, to fund various improvements to Lomax Park. Rhonda Lunsford –10280 N. H Street,spoke in favor of approval of improvements to Lomax Park. Board member Ojeda questionedthat out of the three bids received, was this the lower bidder. City Manager Corby Alexander responded yes. The public hearing closed at 5:04p.m. Page 1of 3 April 22, 2013, La Porte Development Corporation Board Minutes 4. Consider approval or other action concerning proposed expenditure of the La Porte Development Corporation in an amount not to exceed $570,000.00 for the purpose of supplementing a previous project funding allocation of $600,000.00, to fund various improvements to Lomax Park –S. Livingston Board member Zemanek moved to approve proposed expenditure of the La Porte Development Corporation in an amount not to exceed $570,000.00 for the purpose of supplementing a previous project funding allocation of $600,000.00, to fund various improvements to Lomax Park. Board MOTION PASSED. member Engelkenseconded. Ayes: President Warren, Board members Engelken, Clausen, Zemanek, andVice-President Cooksley Nays: Board members Woodard and Ojeda Absent:None 5. Receive presentation from Catalyst Commercial regarding a retail and market study –S. Livingston Jeff Kwas presented a retail and market study from Catalyst Commercial. Mr. Kwas provided an explanation of the data collected for traffic counts. Board member Engelken commented he is disappointed in the traffic count locations not covering heavier traveled intersections;and during the interview process,Board members were told those typesof details would be provided for in the study.In addition,Board member Engelken requested Mr. Kwas share data with La Porte Police Departmentto enhance the study presented. Board member Zemanek questioned the time spent on traffic countsat Wharton Weems. Mr. Kwas responded 24hours. 6. Discussion regarding adopted Strategic Plan for the City of La Porte –S. Livingston Economic Development Coordinator Scott Livingston discussed the adopted Strategic Plan for the City of La Porteand advised Goals 2, 4, and 6 are primary goals for the La Porte Development Corporation Board. Board member Clausen suggested Board members review thegoals to make sure there are no objectionsfrom Board members. City Manager Corby Alexander advised the City is soliciting feedback from the La Porte Development Corporation Board on the adopted Strategic Plan for the City of La Porte. Board member Zemanek moved to bring back the adopted Strategic Plan for the City of La Porte for MOTION review and discussion at the next meeting. Board member Cooksley seconded. PASSED. Ayes: President Warren, Board members Engelken, Woodard, Ojeda, Clausen, Zemanek, and Vice-President Cooksley Nays: None Absent:None Page 2of 3 April 22, 2013, La Porte Development Corporation Board Minutes 7. Set date for next meeting –S. Livingston Board members set the next meeting date for June 10,2013, at5:00 p.m. 8. Board member commentsregarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies. Board memberWoodard welcomed back Finance Director Michael Dolby and requested House Bill 1935 be brought back for discussion Board member Ojeda questioned which newspaper was being utilized by the City for public notices. City Secretary Patrice Fogarty responded the Houston Chronicleis the City’s official newspaper. President Warren thanked everyone for attending the meeting and sent well wishes for improvements at Lomax Park. 9. 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. There was no executive session. 10. Reconveneinto regular session and consider action, if any, on items discussed in executive session –There was no executive session. 11. Adjourn There being no further business, at 5:30p.m.,Board member Woodardmoved to adjourn the MOTION PASSED. meeting.Board member Zemanekseconded. Ayes: President Warren, Vice President Cooksley, Board members Woodard, Clausen, Engelken, Zemanekand Ojeda Nays: None Absent:None Respectfully submitted, ____________________________________ Patrice Fogarty, City Secretary Passed and approved on this____ dayof______________, 2013. ____________________________________ President RichardWarren Page 3of 3 April 22, 2013, La Porte Development Corporation Board Minutes REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Budget Agenda Date Requested:10 June 2013 Source of Funds: Requested By:Scott D. Livingston Account Number: Department: Administration/Economic Development Amount Budgeted: Report: XResolution:Ordinance: Amount Requested: Exhibits:Update Memo Budgeted Item:YESNO Exhibits: Recruitment Flyer for ICSC Exhibits Project Timeline SUMMARY & RECOMMENDATION In January 2013, the La Porte Development Corporation Board approved a contract with Catalyst Commercial to complete a retail and market study.Since that time, Catalyst has been collecting data for trade area delineation, competing trade area statistics, traffic counts, and mapping of key metrics/data. In April 2013, a representative from Catalyst provided a status report to both the La Porte Development Corporation and the City Council. At that time, both boards had some questions regarding the information presented by Catalyst. Mr. Jason Claunch will be present to provide the Development Corporation Board with an additional update onthe retail studyand address specific concerns raised by the EDC Board and the City Council. Action Required by La Porte Development Corporation: None Approved for La Porte Development CorporationAgenda: Corby D. Alexander,City ManagerDate OVERVIEW RETAIL PRIMARY TRADE AREA STATISTICS La Porte is located in Harris County, OVERVIEWYRPTACITY1 MILE3 MILES5 MILES Texas, approximately 26 driving miles Population2012382,96934,0562,63028,92265,637 from Downtown Houston. 2017403,95635,6072,84430,52668,689 Median Age201233.934.834.835.334.8 Median HH Income2012$53,917 $59,337 $70,204 $60,488 $62,274 2017$60,765 $64,938 $74,765 $65,899 $68,675 on the western edge of Galveston Bay. La Porte is also home to the EDUCATION 2012 TRAFFIC COUNTSVPD (PTA) San Jacinto Monument and Hwy 146, n of Spencer Hwy71,411College Graduate30.9% Hwy 146, n of Fairmont Pkwy68,015Some College, 24.9% the Battleship Texas which no Degree Fairmont Pkwy, w of Hwy 14626,789High School Graduate24.3% combined are the destination Spencer Hwy, w of Hwy 14617,428Less than High School20.0% of over 350,000 visitors per INCOME 20122017 year. La Porte also has the only (PTA) Average Household$72,023 $80,794 public beach in Harris County, AGE GROUPS 2012 (PTA) Median Household$53,917 $60,765 Sylvan Beach. 0 - 9 years15.0% Per Capita$26,270 $29,337 10 - 14 years7.6% 15 - 19 years7.3% La Porte has higher incomes RACE 20122017 (PTA) 20 - 24 years7.3% White Alone74.0%72.9% than its Primary Trade Area 25 - 34 years14.3% Black Alone5.9%5.9% (PTA). The La Porte median 35 - 44 years13.0% Amer. Indian Alone0.7%0.7% income in 2012 was $53,917 45 - 54 years14.1% Asian Alone4.1%4.4% and is expected to grow 55 and older24.4% 0.1%0.1% to $60,765 by 2017, a 13% Some Other Race12.2%12.8% increase. Two or More Races3.0%3.3% Hispanic (Any Race)40.3%43.0% TRAFFIC COUNT MAP PRIMARY TRADE AREA MAP NORTH NORTH CONTACT INFORMATION: 5307 Mockingbird Lane 5th Floor Dallas, Texas 75206 catalystcommercial.net prepared by: City of La Porte 604 W. Fairmont Pkwy Copyright2013 CATALYST COMMERCIAL. The information provided herein is deeis subject to errors, omissions, La Porte, TX 77571 combines strategy, technology and retail analytics to deliver hi (281) 470-5016 governments, private developers, retailers and economic developmSource: ESRI, 2013. LA PORTE PRIMARY TRADE AREA CONTACT INFORMATION: 5307 Mockingbird Lane 5th Floor Dallas, Texas 75206 catalystcommercial.net prepared by: City of La Porte 604 W. Fairmont Pkwy Copyright2013 CATALYST COMMERCIAL. The information provided herein is deeis subject to errors, omissions, La Porte, TX 77571 combines strategy, technology and retail analytics to deliver hi (281) 470-5016 governments, private developers, retailers and economic developmSource: ESRI, 2013. AERIAL CONTACT INFORMATION: 5307 Mockingbird Lane 5th Floor Dallas, Texas 75206 catalystcommercial.net prepared by: City of La Porte 604 W. Fairmont Pkwy Copyright2013 CATALYST COMMERCIAL. The information provided herein is deeis subject to errors, omissions, La Porte, TX 77571 combines strategy, technology and retail analytics to deliver hi (281) 470-5016 governments, private developers, retailers and economic developmSource: ESRI, 2013. REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Budget Agenda Date Requested:10 June 2013 Source of Funds: Requested By:Scott D. Livingston Account Number: Department: Administration/Economic Development Amount Budgeted: Report: Resolution:Ordinance: Amount Requested: Exhibit:Enhancement Grant Application Exhibit: Letter to Applicant Budgeted Item:YESNO SUMMARY & RECOMMENDATION th The Enhancement GrantReview Committee (“Committee”) met on Wednesday, May 29to review and discuss an Enhancement Grant Application from the Stepping Stone Funeral Home. The applicant did receive three (3) bids foreach type of work, painting, awning, electrical, and paving, to be completed during the project. A few items need to be noted in regard to the application: On the pricing sheet submitted, the highlighted items and vendors are the ones selected by the applicant to complete the work. On the drawings for the landscaping, there is an ornamental fence shown. This is not permitted in commercially zoned area and the applicant has agreed to remove the fence from the scope of work. However, the drawings were not revised to show the removal of the fence. The applicant requested a reimbursement of $16,420.33from the 4B Development Board, which is 50% of the total estimated project cost of $32,840.66.The Committee approved an amount of $15,256 , plus the additional necessary cost, if any, to add the application of “tack coat” to the bid provided by “Pave It,” the lowest paving bidder. The difference of $1,164.33between the applicant’srequested grant amount and theamount approved by the Committee is attributed to the following factors: “Flowers” and/or “mulch” are not reimbursable expenses in the Enhancement Grant $105); Program( For the section entitled “Paint”, the Committee chose to reimburse the applicant50% of the amount submitted byapparentlowestqualifiedbidder.After discounting the bid for “Pro-Tect,” this left the second lowest bidder to be “Angel’s Painting.”This difference became 50% of $6,140 ($5,670 + $470), or $3,070, and 50% of $8,257.31, or $4,130, $1,060 which comes to $4,130 -$3,070 and . $1,165 Together, $1,060 and $105 equate to . It is the 4B Board’s prerogative as towhetheror not to reimburse the applicantfor up to 50% of the higher bid by “Bay Area Paint & Tile”.The applicant has indicated that someone will be attending the meeting to answer questions from the Board. The applicant may have a legitimate reason for selecting the higher bid and the Board may make modifications, as desired, to the final enhancement grant amount. The Committee does believe that this enhancement grant project will encourage similar re- development throughout the community of La Porte, and, therefore, the Committeedoesgive support to this project. Action Required by the La Porte Development Corporation: Consider approval of the enhancement grant applicant’s request for an enhancement grant in the 15,256 amount of $, plus the additional necessary cost, if any, up to $1,000to add the application of “tack coat” to “Pave It’s”bid. Approved for the La Porte Development CorporationAgenda Corby D. Alexander,City ManagerDate From:Livingston, Scott Sent:Thursday, May 30, 2013 8:12 AM To:Aubry L. Sartori (aubry@steppingstonefuneralhome.com); Horace Leopard (horace@leopardrealty.com) Cc:Garza, Julian; Tietjens, Tim; Leach, Traci Subject:Enhancement Grant Application . . . Stepping Stone Funeral Home Aubry and Horace, th The Enhancement Grant Review Committee (Committee) met at 2:00 to review and discuss your application for an Enhancement Grant. You requested a 50% reimbursement of $32,840.66, or $16,420.33, from t The Committee approved an amount of $15,256, plus the additional necessary cost, if any, to add the application of tack coat to Pave Its bid. Please re-visit Pave It and make sure that they will apply tack coat to the old asphalt surface before they pour the new as Please tell me how much additional cost, if any, will be added to their bid to include t This sum, as long as it is within a reasonable range, will be added to the proposed fina The difference of $1,164.33, or basically $1,165, between your r amount may be attributed to the following factors: Flowers and/or mulch are not reimbursable expenses in the Enhanceme so we cannot reimburse you 50% of $210 ($100 + $50 + $60), or $105, For the section entitled Paint, the Committee chose to reimbur capable bidder. After discounting the bid for Pro-Tect, this left the second lowest bidder to be Angels Painting. This difference became 50% of $6,140 ($5,670 + $470), or $3,070, 50% of $8,257.31, or $4,130, which comes to $4,130 - $3,070 and $1,060. Together, $1,060 and $105 equate to $1,165. Please note that your enhancement grant application has been app must go before the 4B Development Board for additional and final If you wish to provide a justification during the 4B Development Board meeting as to why the 4B Board should reimburse you for a higher bid by Bay Area Paint & Painting, then the 4B Board may choose to reimburse you up to 5 I strongly encourage you to be present when the 4B Board meets to discuss a financ th Enhancement Grant Application. The 4B Board will meet at 5:00 pm on Monday, June 10 in the City Councils Chambers at La Porte City Hall, 604 W. Fairmont Parkwae, Texas 77571. Please note that funds will be reimbursed to you after the work has been com specifications, and paid receipts have been submitted. Please send all paid receipts and work updates to my attention at the address in my signature block below. The Committee is looking forward to working with you on this pro encourage similar re-development throughout the community of La Porte. Please feel free to contact me if you have any questions. Sincerely, Scott D. Livingston Economic Development City of La Porte 604 W. Fairmont Parkway La Porte, Texas 77571 * 281.470.5016 (o) 713.304.8382 (m) livingstons@laportetx.gov ** REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Budget Agenda Date Requested:10 June 2013 Source of Funds: Requested By:Scott D. Livingston Account Number: Department: Administration/Economic Development Amount Budgeted: Report: Resolution:Ordinance: Amount Requested: Exhibits:Incentive Grant Request fromMr. Rob Johnson Budgeted Item:YESNO Exhibits: Incentive Facts and Figures Exhibits SUMMARY & RECOMMENDATION Mr. Rob Johnson is the Owner of Rob Johnson Interests, which is a local Real Estate DevelopmentCompany. He developedthe Shoppes of Town Square on Center Street and Pasadena Blvd in Deer Park, Texas. He recently placed a portion of the Jay Marks Chevrolet dealership under contract to do a new retail/commercial development. Phase I is planned to encompass 2.86 acres, while Phase II is planned to encompass 1.67 acres.His plan is to complete Phase I in 2014 and Phase II by either late 2014 or early 2015. His current plan is to start the project this fall, once he has secured tenant interest and finalized an approved site plan. In order to make his project more competitive and viable, he is requesting an incentive grant in an amount up to $66,000 to demolish and remove the existing slab structure and level the site for development. The subject property is currently on the tax rolls for$650,000, which yields approximately $4,615(at $0.71/$100 of assessed value) annually in taxes to the Cityof La Porte.Once the multiple-phase development has been completed, the estimated taxable value of the new development is $6,000,000 to $8,000,000.Excludingsales tax revenue, the estimated annual taxes would be $42,600 to $56,800. Taking an average of the two, if the estimated taxable value were to be $7,000,000, the annual taxes would be $49,700. Therefore, the estimated annual $45,085 increase in taxes upon completion of the multi-phase project is . $66,000 Assuming anincentive grant of , and new annual taxes ($49,700 -$4,615) of $45,085, seventeen and a half (17½)months the break-even point (i.e. the payback period) would be . Mr. Johnson is unable to be present at the meeting this evening, due to pre-existing commitments that he was unable to re-schedule. He is very committed to completing this development project, and he is looking forward to discussing the details of the project at the public hearing. Should the Board like to move forward with this incentive, staff recommends that the Board vote to approvethe project in concept and approve the posting of a public hearing. The 60-day petition period would begin once the notice of public hearing appears in the Houston Chronicle (June 20 if the notice is submitted to the Chronicle on June 11).The Board would conduct the public hearing in August and then formally vote to appropriate funds or not for the project at that time. Action Required by the La Porte Development Corporation Board: Consider approval or other action to approve moving forward with an incentive grant request in the amount not to exceed $66,000toRob Johnson Interests to demolish and remove the concrete slab in preparation for a new retail development on the former Chevrolet dealership and allow staff to post appropriate notice for a public hearing. Approved for the La Porte Development CorporationAgenda Corby D. Alexander,City ManagerDate Project Rob Johnson’sFACTS andFIGURES Assumptions: $6,000,000$8,000,000 Total estimatedtaxablevalue of the projectafter construction: to 2015 Construction will conclude byearly . Current Property Value and Taxes (based upon HCAD): $650,000 Currenttaxableproperty value: Total annual taxes currently paid to the City of La Porteat $0.71per $100 of the current, $4,615 assessed taxable value: Estimated Taxes to be Received Annually Upon Completion of the Project: Totalannual taxes estimated to be paid to the City of La Porte at $0.71 per $100 upon $49,700 completion of the multi-phase, $7,000,000 project: increase Total annual ($49,700 -$4,615) in taxesestimated to be paid to the City of La Porte at $0.71 per $100,upon completion of the multi-phase, $7,000,000 project: $45,085 Break-Even Analysis $66,00017 ½ months. City of La Porte Break-Even Point on aGrant is (Note: $66,000/$45,085) REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Budget Agenda Date Requested:10 June 2013 Source of Funds: Requested By:Scott D. Livingston Account Number: Department: Administration/Economic Development Amount Budgeted: Report: Resolution:Ordinance: Amount Requested: Exhibit:Incentive Agreement Email regarding Maintenance and Surface Use Budgeted Item:YESNO Exhibit:Easement Agreement SUMMARY & RECOMMENDATION In November 2012, the La Porte Development Corporation Board held a public hearing for an infrastructure incentive request for the proposed Intergulf Corporation world headquarters building, located on the west side of the SH 146 Frontage Road, between C and D streets. Intergulf has requested an incentive amount not to exceed $500,000 to expand the available parking on the property. At the February 2013 EDC meeting, the Board designatedthe incentive request as a project of the La Porte Development Corporation Boardand the Council approved it as well. Since that time, staff has been working with Intergulf to draft the incentive agreement outlining the obligations of all parties. The incentive agreement is now ready for Board approval. The agreement sets forth two payments-one after the completion of the drainage improvements and the second payment after Intergulf has provided the Board verification of the capital investment and jobs. The agreement also lays the groundwork for a future surface use easement that grants Intergulfa perpetual parking easement on the surface of this property to enjoy in perpetuity, but reserving to the City the right to disrupt the surface, at Intergulf’s expense, to maintain the subsurface drainage facilities. The surface use agreement will follow the land, not the incentive agreement, so that any future owner of the property will be bound to the same maintenance obligations for the surface parking. Action Required by La Porte Development Corporation: None Approved for La Porte Development CorporationAgenda: Corby D. Alexander,City ManagerDate ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT BETWEEN THE LA PORTE DEVELOPMENT COPRPORATION, AND INTERGULF CORPORATION, A TEXAS CORPORATION, AND _________________, A TEXAS _______FOR USE OF TYPE B DEVELOPMENT CORPORATIONSALES TAX FUNDS THIS AGREEMENT made by and entered into this ____ day of ________________, 2013 between the La Porte Development Corporation, a Type B non-profit corporation operating under authority of Texas Local Government Code Chapters 501 and 505, hereinafter “LPDC”, and Intergulf Corporation, a Texas Corporation, and LP Group, LLC, a Texas limited liability corporation, hereinafter referred to as “Recipients”. WITNESSETH: WHEREAS, the voters of the City of La Porte authorized the levying of additional sales tax within the City for promotion of economic development and the LPDC is authorized to use such tax revenues for certain qualifying projects and other economic development related purposes; and WHEREAS, Recipient wishes to consolidate its current business operations by opening and operating a corporate headquarters building to be located at and adjacent to Reserve B in Block 1 of Amended Plats of Lots 1through 32Block 2, LaPorte, Texas 77571, within the corporate limits of the City of La Porte, Texas, at a minimum capital investment cost of $2,100,000.00 and which after 1 ½ years is anticipated to employ up to 30personnel; and WHEREAS, Recipient has requested that LPDC provide financial incentives to promote the construction of a corporate headquarters building for executives, accounting, administration, human resources, information technology, middle management, and sales, that will support the operations of existing Intergulf facilities currently situated within the surrounding area including the Bayport and Battleground Industrial Districts, in an amount to cover or subsidize certain infrastructure costs, including paving, drainage, backfillingand related work,and other improvements authorized by Texas Local Government Code chapters 501 and 505,and it is the desire of LPDC to assist in the funding of same, finding that such expenditures will contribute to promoting economic growth and development in the City; and WHEREAS, Texas law and the by-laws of the LPDC require that certain expendituresand projects by the LPDC be approved by the governing body of the City; and whereas the LPDC Board has duly approved such project and the expenditures for same have been authorized by the La Porte City Council; and NOW THEREFORE, in consideration of thecovenants and conditions stated herein, and in consideration of the mutual benefits that will accrue to each of the parties hereof, as well as to the citizens of the City of La Porte, Texas, the parties have agreed and do hereby agree as follows: ARTICLE I In consideration of Recipient locating its proposed corporate headquarters building atand adjacent to Reserve B in Block 1 of Amended Plats of Lots 1through 32 Block 2, LaPorte, Texas 77571, as specifically described in that certain public hearing authorizing the proposed project and expenditure of LPDC funds for the promotion of said corporate headquarters, held before the LPDC on November 12, 2012, LPDC agrees to provide Recipient an incentive package consisting of a cash payment(s) in the total sum not to exceed $500,000.00, to be distributed in an amount equal to the construction contract price provided by the Recipient for infrastructure improvements described below, plus a 10% contingency amount. The cash incentive herein described shall be distributed as follows: 1)a cash incentive payment in an amount equal to the construction contract price provided by the Recipient for that portion of the completedproject construction attributable to infrastructure improvements consisting of drainage, backfilling, paving and related work in a 27,680 square foot tract within the West D Street right-of- way, and directly adjacent to the proposed corporate headquarters site. Paymentswill be distributed to Recipient after execution of this Agreement, payable in installments according to the schedule outlined in Paragraph 2 below, and based on theconstruction Schedule of Values set forth in Exhibit B attached hereto and incorporated for all purposes. However, as a condition precedent to the distribution of any payments, Recipient must first provide the LPDC with documentation evidencing: a)Recipient’s purchase of the property located at Reserve B in Block 1 of Amended Plats of Lots 1through 32 Block 2, LaPorte, Texas 77571 upon which the corporate headquarters is to be constructed.Acceptable documentation to satisfy this requirement shall be closing documents and Deed of Trust or Warranty Deed for said property identifying the Recipient as the fee simple title holder; and b)Recipient’s successful closing of 27,680 square foot tract of land located out of a portion of the West “D” Street between North 11th Street and State Highway 146 South frontage road rights- of-way between Blocks 3 and 229 of La Porte Outlots, Harris County, Texas, more particularly described in Exhibit A attached hereto and incorporated for all purposes. Acceptable documentation to satisfy this requirement shall be an ordinance andDeed without Warranty toRecipient duly approved by the La Porte City Council vacating, abandoning,and closing said alley. c)Recipient’s submittal of executed construction contract from a contractor licensed to complete such work. Contract documents should include necessary information, but not be limited to, all work, materials, design, pricing and labor required for the completion of the construction of drainage improvements to the referenced 27,680 square foot tract in the existing W. D Street right-of-way and subsequent paving thereofper the design and engineering by the City of LaPorte. 2)LPDC shall remit payments according to the following performance benchmarks: a)$375,000.00at completion of culvert installation, as reflected in items 1 through 5 in Exhibit B to this Agreement b)$80,000.00 at completion of parking surface including curb and gutters,as reflected in items 6-8on Exhibit B to this Agreement. c)$43,000.00to be distributed when Recipient provides proof of 1) placement of 30 fulltime jobs at corporate headquarters and 2) expenditure of $2,100,000.00 in capital investment for construction of corporate headquarters, in accordance with Article II of this Agreement. 3)Recipient shall be responsible for providing required documentation andtake all necessary and proper steps to that end but not before at least60days have passed since the publication of notice for public hearing requiredunder Texas Local Government Code section 505.160 for expenditure of TypeB funds on a proposed project, without thefiling of a petition with the City registering a protest to the proposedgrant. ARTICLE II As a condition for the receipt and retention of the referenced cash incentive payments, and as required by Texas Local Government Code section 501.158, Recipient shall be obligated to provide to LPDC verification that it has satisfied the following performance standards related to jobs created or retained, and capital investment, in connection with the construction of the corporate headquarters. It is expected that the corporate headquarters will be substantially complete by the end of 2014. Based on the foregoing, Recipient agrees to the following requirements: 1)Documentation demonstrating that30full-time employees have been relocatedby Recipientto the corporate headquartersshall be provided to LPDC by 90 days after Recipient receives a certificate of occupancy. Such documentation shall be to the satisfaction of LPDC and may include Federal and/or State employment reports and monthly report to the Texas State Comptroller. 2)Documentation that substantiates Recipient’s expenditure of a minimum of $2,100,000.00 in capital investment for construction of a corporate headquartersshall be provided to LPDC by 90 days after Recipient receives a certificate of occupancy. All funds received as herein provided shall be expended solely for the purpose of assisting Recipient in infrastructure improvements consisting of paving, drainage, backfill,and relatedwork and other improvementsauthorized by Texas Local Government Code chapters 501 and 505, in furtherance of development of its proposed corporate headquarters, including adjacent drainage improvement area, more particularly described by metes and bounds description as reflected in Exhibit A, attached to this agreement, and incorporated by reference for all purposes. Should the Recipient require additional funds above the initial amount of the bid plus 10% contingency but below the not to exceed amount of $500,000.00, Recipient shall submit a written request to the City that states the amount requested, the purpose for the additional funds, andbid documentation showing the estimated cost. ARTICLE III Disbursement and/or retention of the cash incentive identified in Article I of this Agreement shall be made as follows: A.Disbursement shall be made to Recipient, subject to the satisfaction of the conditions precedent or conditions subsequent contained within Article I of this Agreement. B.LPDC’s obligation to Recipient shall not exceed $500,000.00, nor shall LPDC be obligated to reimburse Recipient for requests delivered to LPDC after the termination of this Agreement. C.If Recipient receives and holds funds obtained pursuant to this Agreement in advance of paying the expenses for which reimbursement is made, Recipient shall establish a separate bank account to deposit funds in order to avoid commingling of the funds with Recipient’s other funds and accounts. ARTICLE IV Recipient understands that the funds paid to Recipient by the LPDC are derived from tax revenues collected under Texas Local Government Code 505.252, and that LPDC has estimated the tax revenues to be collected during the term of this Agreement. Recipient further understands, acknowledges, and agrees that if the tax revenue actually collected is less than 90% of the estimated tax revenues to be collected in any fiscal year during the term of this Agreement, LPDC will be under no obligation to provide funding to Recipient for any payment or payments during or after the fiscal year for which there is a revenue shortfall. ARTICLE V If Recipient shall fail to meet infrastructure improvements consisting of paving, drainage, backfill,and relatedwork and other improvementsauthorized by Texas Local Government Code chapters 501 and 505, in furtherance of development of its proposed corporate headquarters, in the adjacent drainage improvement area described inExhibit A, LPDC shall have the right to reclaim and recapture any and all cash incentive funds previously disbursed to Recipient, whether or not such disbursements have been spent by Recipient at the time of the reclamation by the LPDC. For purposes of this Agreement, LPDC’s right of recapture shall extend to and include all disbursements previously made to Recipient. In each such case, the previously paid cash payment or payments shall be remitted to the LPDC within sixty (60) days of receipt of written demand for same. In the event of any default by Recipient hereunder, including, but not limited to, use of the funds provided herein for purposes other than those stated in Article I of this Agreement, LPDC may cease all future payments hereunder and terminate this Agreement. In addition, LPDC shall have the right to reclaim and recapture, and Recipient shall refund, any funds that are not spent in accordance with the terms of this Agreement, including 1) LPDC funds spent by Recipient in contravention of this Agreement and 2) any unspent and unobligated LPDC funds previously paid to Recipient but not yet paid or pledged by Recipient to third parties. In each such case, the previously paid cash payment or payments shall be remitted to the LPDC within sixty (60) of receipt of written demand for same. Any breach of this covenant shall be grounds for immediate termination of the distribution of funds. ARTICLE VI The term of this Agreement is for a period beginning on the date of approval by LPDCas set forth below, and ending 90daysfrom the date of the payment by the LPDC of the last installment of the proposed cash incentive to Recipientor conditions made pursuant to Article 1 of this Agreement. ARTICLE VII Recipient shall provide to the LPDC within ninety (90) days following issuance of Certificate of Occupancy for the corporate headquarters, full documentation, consisting of receipts and/or checks, showing that expenditures were made by Recipient pursuant to this Agreement and that the funds provided by the LPDC pursuant to this Agreement were used only for the purposes authorized by this Agreement. Notwithstanding Article I, above, LPDCshall be under no obligation to make any fund disbursements if the reports required under this Article have not been delivered to the LPDC. ARTICLE VIII Recipient also agrees that LPDC may place a lien against the property made the subject of this Agreement and located as described in Exhibit A, to secure repayment, if necessary, and may enforce this Agreement by any and all other remedies available in law and equity. ARTICLE IX This Agreement does not create any joint venture, partnership, or agency relationship between the LPDC and Recipient. Recipient shall have exclusive control of, and the exclusive right to control the details of the work to be performed by Recipient hereunder and all personnel performing same, and shall be solely responsible for the acts and omissions of its officers, members, agents, servants, employees, subcontractors, program participants, volunteers, licensees, and invitees. In no event shall any person participating in or performing any of Recipient’s duties or responsibilities hereunder be considered an officer, agent, servant, or employee of the LPDC. ARTICLEX Recipient agrees to assume and does hereby assume all responsibility and liability for damages sustained by persons or property, whether real or asserted, by or from the carrying on of work by Recipient or in the performance of services performed and to be performed by Recipient hereunder. Recipient covenants and agrees to, and does hereby indemnify, defend, and hold harmless LPDC and all their respective officers, agents, and employees from all suits, actions, claims, and expenses of any character, including attorney’s fees, brought for or incurred on account of any injuries or damages, whether real or asserted, sustained by any person or property by or in consequence of any intentional or negligent act, omission, or conduct of Recipient, its agents, servants or employees. ARTICLE XI Upon termination of this Agreement Recipient shall convey by legal instrument to the City of LaPorte, or appropriate authority as determined by the City of LaPorte, the property as described in Exhibit A. LPDC and Recipient agree that simultaneous to the transfer of said property Recipient and the owner of the property will enter into a separate Surface Use Easement agreement granting to Recipient aperpetual parking easement on the surface of this property to enjoy in perpetuity, but reserving to the owner the right to disrupt the surface, at Recipient’s expense, to maintain the subsurface drainage facilities. ARTICLE XII This Agreement may be amended by the mutual agreement of the Parties hereto in writing to be attached to and incorporated into this Agreement. ARTICLE XIII Recipient shall adhere to all local, state, and federal laws and regulations that may affect its actions made pursuant to this Agreement, and shall maintain in effect during the term of this Agreement any and all federal, state, and local licenses and permits which may be required of Recipients generally. ARTICLE XIV Recipient may not assign this Agreement without the written consent of LPDC. ARTICLE XV The waiver by LPDC of any breach of any term, condition, or covenant herein contained shall not be deemed a waiver of any subsequent breach of the same, or any other term, condition, or covenant. ARTICLE XVI The obligations of the Parties to this Agreementare performable in Harris County, Texas and if legal action is necessary to enforce same, venue shall lie in Harris County, Texas. ARTICLE XVII This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. ARTICLE XVIII This Agreement may be executed in triplicate, each of which shall be deemed an original and constitute one and the same instrument. ARTICLE XIX Neither LPDC nor Participant shall be required to perform any term, condition, or covenant in thisAgreement so long as such performance is delayed or prevented by force majeure, which shall mean Acts of God, civil riots, floods, and any other cause not reasonably within the control of LPDC or Recipient except as herein provided, and which by the exercise of due diligence LPDC or Recipient is unable, wholly or in part, to prevent or overcome. ARTICLE XX In submitting this application, the applicant whose signature appears belowaffirms its intent and commitmentto comply in full with Section 2264.052 of the Government Code and certifies that it does not and will not knowingly employ an undocumented worker during any time period associated with thepublic subsidyfor which the application is being submitted. The applicant further certifies its understanding and agreement that if it is convicted of a violation of 8 U.S.C. Section 1324a(f), providing for civil and/or criminal penalties for engaging in a pattern or practice of knowingly hiring or continuing to employ unauthorized aliens, it shall repay the amount of the public subsidy with interest, at the rate and according to the terms of the agreement signed under Section 2264.053 of the Government Code, not later than the 120th day after the date the city notifies the business of the violation. ARTICLEXXI The Agreement embodies the complete agreement of the parties hereto, supersedingall oral or written pervious and contemporary agreements between the Parties, which relate to matters in this Agreement. SIGNED AND AGREED to by LPDC and Recipient on the dates indicated below. LA PORTE DEVELOPMENT CORPORTION __________________________ Richard Warren, President ___________________ Date ATTEST ___________________________ Secretary of the Development Corporation LP Group, L.L.C. By: _________________________________ Name _________________________________ Title _________________________ Date ATTEST _______________________________________ _____________________,a Texas __________. By: _________________________________ _________________________ Date EXHIBIT A A 0.5987 ACRE TRACT (26,080 SQUARE FEET) BEING THAT PORTION Of THE WEST "0"STREET RIGHT-Of-WAY, LA PORTE, SITUATED BETWEEN THE NORTH LINE Of A 1.4261ACRE TRACT (BEING FURTHER DESCRIBED AS TRACTS 1 THROUGH 825 THROUGH32, BLOCK 119, AND ABANDONED ALLEY Of BLOCK & 119 & THE ADJACENT ABANDONEDPORTION Of THE SOUTH 11TH STREET RIGHT-Of-WAY, TOWN Of LA PORTE), AND THESOUTH LINE Of RESERVE "B", AMENDING PLAT Of BLOCK 2, TOWN Of LA PORTE;SAID 0.5987 ACRE TRACT BEING FURTHER DESCRIBED BY METES BOUNDS AS FOLLOWS: & BEGINNING at the northeast corner ofsaid 1.4261 acre tract (being furtherdescribed as Tracts 1 through 8, and 25 through 32, Block 119, and abandoned alley ofBlock 119, and the adjacent abandoned portion of the South 11th Street Right-of-Way,Town of La Porte) THENCE in a westerly direction a distance of 326 feet along the north line of said 1.4261 acre tract to a point for corner at the northwest corner of said 1.4261 acre tract, said point beingthe southwest corner of the herein described 26,080 square foot tract; THENCE in a northerly direction a distance of 80 feet to a point at the southwestcorner of Reserve "B", Amending Plat of Block 2, Town of La Porte; THENCE in an easterly direction a distance of 326 feet, along the south line ofReserve "B", Amending Plat of Block 2, Town of La Porte, to its intersection with thewest right- of-way of State Highway 146 South; THENCE in a southerly direction along the projected west right-of-way of StateHighway 146 South to the northeast corner of said 1.4261 acre tract, same being thePOINT of BEGINNING of the herein described 0.5987 Acre Tract. EXHIBIT B From:J. Price Blalock Attorney At Law To:Leach, Traci Cc:"Brandon Velek" Subject:RE: Front Brain Date:Monday, June 03, 2013 10:10:17 AM Traci: Asdiscussed,weagreewiththelatestrevisionstotheAgreementandlookforwardto execution. Asrequested,wearefullyawarethatRecipient,intheAgreement,willbesolely responsibleformaintenanceofthesurfaceparkinginallinstances,includinganyrepairafter anymaintenancetothesubsurfacedrainage. Ifyouneedfurtherclarificationpleasecontact thisoffice. Thankyou. Yourstruly, J.PriceBlalock&Associates J.PriceBlalock AttorneyatLaw 604KippAve. Kemah,Texas77565 Office: (281)535-0033 Fax: (281)326-5800 CONFIDENTIALITYNOTICE:Thismessageisintendedonlyfortheuseoftheindividualorentitytowhichitis addressedandmaycontaininformationthatisprivileged,confidentialandexemptfromdisclosureunderapplicable law.Ifthereaderofthis messageisnottheintendedrecipient,ortheemployeeoragentresponsiblefordelivering themessagetotheintendedrecipient,youareherebynotifiedthatanydissenmination,distributionorcopyingof thiscommunicationisstrictlyprohibited. Ifyouhavereceivedthiscommunicationinerror,pleasenotifyus immediatelybytelephoneandreturntheoriginalmessagetotheaddressabove. Thankyou. From: Leach, Traci [mailto:LeachT@laportetx.gov] Sent: Monday, June 03, 2013 9:37 AM To: Price Blalock (jpb@jpblalock.com); 'Brandon Velek' Cc: CSO - Staff Subject: Front Brain Good morning guys: Justwanted to keep our agreement and the email regarding maintenance of parking on the front of the brains this morning. Weve got everything else ready to roll, but I do need everything finalized by noon- this is the literally the very latest that I can hold up the agenda. I might owe the City Secretary my first born after this but I know we are 99% there. Let me know if you need anything from us. Thank you! Traci E. Leach Assistant City Manager, City of La Porte 281-470-5012 office 281-813-6094 mobile leacht@laportetx.gov "The City of La Porte embraces our heritage, community values and opportunities, while enhancing the quality of life for our citizens" REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM Budget Agenda Date Requested:10 June 2013 Source of Funds: Requested By:Scott D. Livingston Account Number: Department: Administration/Economic Development Amount Budgeted: Report: XResolution:Ordinance: Amount Requested: Exhibits:2013-2017 Strategic Plan Budgeted Item:YESNO Exhibits: Economic Development Priorities ExhibitsFY 2014 Projected Available Fund balance SUMMARY & RECOMMENDATION Staff is presenting this information as a precursor to the budget discussion in July. The key driver for the development of the upcoming FY 2014 budget is the newly approved Strategic Plan. Staff would like to discuss Economic Development staff’s role and responsibilities in relation to the 2013-2017 Strategic Plan and hit highlights of the FY 2014 Proposed Budget that workstoward those goals. Staff will be presenting the proposed EDC Budget to you in greater detail in July. At this time, staff is looking for general direction from the Board regarding initiatives for the upcoming year. The first enclosure entitled “Strategic Plan 2013-2017” highlights Economic Development staff’s assigned responsibilities in yellow. Staff’s proposed recommendations and plan of work to address each responsibility are highlighted in yellow. The second enclosure entitled “Economic Development Priorities” are staff’s comprehensive listing of roles and responsibilities. The third enclosure is the Proposed FY 2014 fund balance. Action Required by Council: None Approved for City Council Agenda Corby D. Alexander,City ManagerDate Strategic Plan 2013-2017 City of La Porte, Texas Approved by the City Council on April 8, 2013 Overview On October 27, 2012, the Mayor, City Council, City Manager and key staff of the City of La Porte met together in a retreat planning session. The purpose of that meeting was to establish the Council’s Strategic Plan for the next five years. A report was prepared outlining the City Council’s Mission, Vision and Core Values, as well as six overall goals. Each goal had identified objectives and strategies, with time lines for beginning and completing the goals. On March 9, 2013, the City Manager and his key staff met. Their purpose was two-fold. First, staff reviewedand discussedthe Mission, Vision and Core Values developed by the City Council and createdLeadership Statements for the staff to follow to ensure their work is consistent with the value of the City Council. Secondly, staff reviewedand clarifiedthe goals, objectives and strategies identified by the City Council; if necessary identify additional goals consistent with the overall mission, vision and values; and establish the framework for an action plan. The result of their work is documented in this report. The Strategic Plan will provide a blueprint for action over the next five years. When developing the annual budget, staff will be tasked with making sure that expenditures and programs further the goals and Core Values stated in this document. This provides clear direction to the staff as to what priorities are important to the Council and plans can be made accordingly to make sure that resources are allocated towards those ends. Additionally, this plan is an excellent communication tool that the Counciland the staff can use when speaking with residents and businesses. Many times, ad hoc requests can derail longer-term plans. The Strategic Plan outlines a framework for receiving, prioritizing, and budgeting for resident requests. All participants, staff and Council,agreed to commit to the success of this plan. A plan only becomes a useful and working document when all the participants (as a whole and as individuals) make a commitment to review it regularly, use it monthly, and modify it as needed. It is a tool that can and should be used regularly to track progress, make notes of variations between expectations and actuals, of timelines and expenses, to help accomplish each goal, and to hold one another accountable for updates and completion. 1 Mission Statement The Councilreviewed and revised the Mission Statement& Vision Statementof the City and the results are as follows: The City of La Porte embraces our heritage, community values, and opportunities, while enhancing the quality of life for our citizens. Vision Statement To provide improved infrastructure, to drive economic growth, and to enhance quality of life for our citizens. Core Values The City Council wanted to specify the core values under which the City and its staff function. Core values are the general guidelines thatestablish the foundation for how an organization will operate. Staff then discussed these value statements to define and gain an understanding of what those Core Value meant to staff from a leadership perspective. Staff first discussed what the elements of each Core Value represented, then prepared a Leadership Statement for each one. The listed the following as the Core Values of the City of La Porte: Health & Public Safety: City employees will ensure the health and safety of our citizens by providing and maintaining superior public infrastructure and public safety services. Integrity&Accountability: City employees will be open, honest and transparent, and be accountable to the Council so that Council can be responsive to the citizens. Superior Customer Service: City employees will proactively provide superior customer service in a positive and timely manner. Quality in everything we do: City employees will strive for superiority in all services we provide. 2 Goal and Plan Development During the Council Retreat in October 2012, six goals were developed by the Council, with staff providing assistance to flesh out the objectives for each. In March 2013, the staff further added “meat to the bone” to outline more specifically the actions that would be necessary to achieve the stated goals. The development and implementation of the action plan will serve to provide Council a clear understanding of how and when each of their goals will be accomplished.The action plan proposesto do the following: Identify a team leader: Each Goal needs a champion who will lead the effort to accomplish the goal and be held accountable for the action plan that is developed. A team leader for each goal was assigned. Identify team members. Likewise each goal needs a larger team, consisting of fellow staff from across all departmental lines where appropriate, to assist in the implementation process. Identify partners. Each team should identify the partners, outside the city organization, who can provide expertise and resources to accomplish the goal. Define action steps. Each objective needs defined action steps showing Council how the goal will be accomplished. The action steps provide the basis for benchmarks. Prepare a timeline. Timelines were prepared for each of the objectives. Staff will be asked to review those timelines and recommend adjustments, one the action steps are better defined. The Council-identified goals are: Improve Infrastructure Preserve Heritage –to preserve the structure and amenities that make La Porte unique Ensure that all departments and facilities are ready for any disaster To encourage economic development/retail development To provide Superior Customer Service To revitalize blight/146 In addition to the six Council-identified goals, it was agreed that keyareas of city government were not included in the goals identified by Council. Staff was tasked with discussing other areas where they would establish goals and objectives and bring them to Council for consideration and approval to include in the Strategic Plan. Several new goals were identifiedand are proposed for Council consideration: To provide and maintainsuperior public safety Continue to improve the quality of life through recreational amenities Create a Neighborhood Preservation Program Provide diverse and timely communications that promote and influence a positive public perception of La Porte One critical component to ensuring that the elements of the Strategic Plan are being implemented is to provide regular status reports to the City Council. Staff proposesquarterly written reports supplemented byoral reports or action items for implementation that may be necessary in- between written reports. 3 Economic Development Priorities Many of the items below have been addressed in Councils 2013 - 2017 Strategic Plan. If you would like more information, please let me know. Other items not already addressed in Councils 2013 - 2017 Strategic Planare shaded in yellow below: 1.Commercial Retail, Restaurants, and Entertainment 2.Blight on Hwy 146 and Broadway (Enhancement Grant Program) 3.Industrial Retention and Expansion (a) Regularly participate in the La Porte CACs monthly meetings, (b) Partner with the La Porte Bayshore Chamber of Commerce to support our local by continuing to sponsor a Salute to Industry and the Chambers Annual Golf Tournament, (c) Partner closely with and use our partnerships with BAHEP, the Economic Alliance, the Governors Office of Economic Development & Tourism, CIMA, LEPC, local industries, and the GHP. 4.Industrial Attraction (a) Create a development map of available properties, (b) Collect flyers for active sites and buildings in La Porte and La (c) Get involved in HCREN, BACREN, SIOR, ACRP, CCIM, and other simil (d) Market to brokers, developers, and end users, (e) Partner closely with and use our partnerships with BAHEP, the Ec Governors Office of Economic Development & Tourism, CIMA, LEPC, local industries, and the GHP. 5.Main Street Development 6.Airport Development 7.Bay Front Development 8.Professional Certified Public Manager (CPM) Certification (a)Attend two (2) professional certification courses each fiscal year through Texas State Universitys (San Marcos, Texas) William P. Hobby Center for Pub www.txstate.edu/cpm/ (b)Obtain professional certification within five (5) years 5/29/2013 City of La Porte La Porte Development Corporation (038) Fund Summary (Section 4B Sales Tax) Beginning Fund Balance 9/30/12 Estimated Fund Balance 9/30/13 Plus 13-14 Revenues: Equals Total Resources Less 13-14 Expenditures: * nding Fund Balance 9/30/14 E *Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. This is an Unaudited Statement. City of La Porte La Porte Development Corporation (038) Fund Summary (Section 4B Sales Tax) Previous ReportFY 2012-13FY 2011-12 Unaudited Beginning Fund Balance 9/302,196,9352,196,9352,123,808 Plus Year to Date Revenues: 1/2 Cent Sales Tax179,498792,754738,774 Transfers-In--154,914 Interest Income1,6513,0622,519 Total Revenues181,149795,816896,207 Equals Total Resources2,378,0842,992,7513,020,015 Less Year to Date Expenditures: Payroll10,98423,88729,592 Supplies64571,921 Services & Charges (Memberships, Training, Advertising, Legal, Utilities)28,76347,89152,176 Debt Service Transfer102,515239,202385,197 * ** Capital Projects Transfers31,25072,917565,833 Total Expenditures173,519384,3541,034,719 Estimated Year to Date Fund Balance$2,204,565$2,608,397$1,985,296 *Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. **Capital Project Transfer is for the 3rd Street Parking Lot Project.