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Home My WebLink About9-27-21 Regular Meeting of the La Porte Development Corporation Board RICHARD WARREN, PRESIDENT DANNY EARP NANCY OJEDA, VICE-PRESIDENT JOHN BLAKEMORE RACHEL COTTON BRENT McCAULLEY CHUCK ENGELKEN MINUTES OF THE LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF JULY 26, 2021 The City of La Porte Development Corporation Board met on Monday, June28,2021,at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas,at 5:15p.m., with the following in attendance: Board members present:Richard Warren, Nancy Ojeda,Chuck Engelken,Danny Earp, John Blakemore, Brent McCaulley Board membersattendingremotely: None Board members absent: Rachel Cotton Council-appointed members present:Lee Woodward, City Secretary; Clark Askins, Assistant City Attorney 1.CALL TO ORDERPresident Warrencalled the meeting toorder at 5:15p.m. 2. CITIZENCOMMENT(Generally limited to five minutes per person; in accordance with state law, the time may be reduced if there is a high number of speakers or other considerations.) There were no speakers. 3.AUTHORIZATIONS (a)Presentation, discussion, and possible action to approve the minutes of the June 28, 2021, meeting. \[President Warren\] Member Engelkenmoved to approve the minutes of theJune 28, 2021, meeting, as corrected; the motion wasseconded by Member Earp; the motion wasadopted, 6-0. (b)Presentation, discussion, and possible action to approve reimbursement in the amount $50,000.00 toEnhancementGrantProgram applicants Marion (Marty) and Vicki Campise forcompletion ofenhancements for their property located at 100 W. Main Street in LaPorte,Texas.\[JasonWeeks,AssistantCity Manager\] Jason Weeks,Assistant City Manager, noted the approval Council meeting, due to the amount being in excess of $25,000.00.Member Ojedamoved to approve reimbursement in the amount of $50,000.00to Enhancement Grant Program applicants Marion (Marty) and Vicki Campise for completion ofenhancements for their property located at 100 W. Main Street in LaPorte,Texas; the motion was secondedby Member Earp;the motion was adopted, 6-0. 4.SET DATE FOR NEXT MEETING Thenext meeting date was scheduledfor August 23, 2021. 5.BOARD COMMENTS Hear announcements concerning matters appearing on the agenda; items of community interest; and/or inquiries of staff regarding specific factual information or existing policy from the Committee members and City staff, for which no formal action will be discussed or taken. Page 1of 2 July 26, 2021, La Porte Development Corporation Board Minutes There were no comments. 6. ADJOURN The meeting was adjourned without objection at 5:21 p.m. ___________________________________ Lee Woodward, City Secretary Page 2 of 2 July 26, 2021, La Porte Development Corporation Board Minutes REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested:September 27, 2021 Source of Funds:N/A Requested By:Jason Weeks, Asst. City Mgr. Department:Administration/CMO Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits:Bylaws for the Corporation Budgeted Item:YesNo SUMMARY& RECOMMENDATION According to Section 3.02 of the Bylaws for theLa Porte Development Corporation, the Board is required to electa President and Vice-President for the next fiscal year by October 1st. The current President is Richard Warren and the current Vice-President is Nancy Ojeda. Staff recommends the Boardelectinga President and Vice President for the fiscal year beginning October 1, 2021and ending September 30, 2022. ACTION REQUIRED BY THE BOARD Consider and electa President and Vice-President for the La Porte Development Corporation Board for the fiscal year beginning October 1, 2021and ending September 30, 2022. Approved for the La Porte Development Corporation Boardmeeting agenda Corby D. Alexander, City ManagerDate REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested:September 27, 2021 015 General CIP Requested By:Jason Weeks, Asst. City Mgr. Enhancement Grant Source of Funds: Department:Administration/CMO 015-9892-993-1100 Account Number: ReportResolutionOrdinance $92,144 Amount Budgeted: $7,408.50 Amount Requested: Exhibits:Application, Before &After Photos, and invoice & proof of payment Budgeted Item:YesNo SUMMARY& RECOMMENDATION On June 28, 2021, the LaPorte Development Corporation Board approved an enhancement grant to Patrasia Hefleyfor improvements to properties located at 831 S. Broadway Street and 901 S. Broadway Street, which are located adjacent to each other at the corner of South Broadway Street and East H Street in La Porte, Texas. Her property located at 831 S. Broadway Street is the Lavish T Shirt Shop and the property located at 901 S. Broadway Street is the Dairy Queen. The applicantwasinterested in repairing worn areas of each of the parking lots, installing a new layer of asphalt and restriping the parking lots. Additionally, the work to the Lavish T Shirt Shop aidedin assisting with drainage issueson the east side of the building.The applicant estimated a total capital investment of $14,817.00 for this project, of which 50% ($7,408.50) would be eligible for reimbursement once the project has been completed. The week of August 23, 2021, the applicant provided staff with receipts, canceled check and photos of the final project for staff and the Board to approve for reimbursement payment. Below is the summary of receipts for the parking and drainage improvements: 901 S. Broadway(Dairy Queen) o Pave-It Asphalt Paving, LLC to clean and pre- asphalt (5,400 sq.ft.) -$7,483.00 831 S. Broadway(Lavish T) o Pave-It Asphalt Paving, LLC to clean and pre- (4,000 sq.ft.), dug out drainage area (502 sq.ft.), and installed new base material into area prior to paving -$8,017.00 The applicant was billed a total of $15,500.00; however, the vendor (Pave-It Asphalt Paving, LLC) provided $500 discount to the applicant for timely payment. Therefore, The applicant out-of-pocket expense was $15,000.00. Staff request the Board approve a reimbursement to Patrasia Hefley in the amount approved by the Board not to exceed, $7,408.50 for her enhancement grant project. ACTION REQUIRED BY BOARD Approval reimbursement payment on an enhancement grant in the amount of $7,408.50 to the applicant, Patrasia Hefley for parking lot and drainage enhancements for her property located at 831 & 901 S. Broadway Street in La Porte, Texas. Approved for the La Porte Development Corporation Board meeting agenda Corby D. Alexander, City Manager Date AFTER PHOTOS AFTER PHOTOS Lavish T(831 S. Broadway) Parking Lot Photos Southeast corner along H Street looking west Northeast corner looking west Lavish T(831 S. Broadway) Parking Lot Photos Southeast side looking north Southwest corner looking north Southside looking northwest Dairy Queen (901 S. Broadway) Parking Lot Photos Northeast Corner looking west along H Street Northside along H Street looking at DQ Northeast side of DQ looking west Dairy Queen (901 S. Broadway) Parking Lot Photos Southwest corner on Broadway looking east Northwest corner looking east along H Street Northwest corner along H Street looking east Storm drain on Northside along H Street Dairy Queen (901 S. Broadway) Parking Lot Photos Southwest corner looking east toward Texas St Northside along H Street REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested:September 27, 2021 Adm.Transfer to Fund Source of Funds:015 Requested By:Jason Weeks, Asst. City Mgr. Account Number:038-6030-565-9015 Department:Administration/CMO Amount Budgeted:$1,791,031 ReportResolutionOrdinance Amount Requested:$1,791,031 Exhibits:None Budgeted Item:YesNo SUMMARY& RECOMMENDATION In order for the La Porte Development Corporation to expend the FY 2021-22 budgeted fundsallotted for CIP projects in the latest budget cycle, the City has to postthese projectsmuch like we are requiredfor an incentive given to a private corporation. Approval of this agenda item will start the 60-day citizen comment period. After this period, staff will bring the list forwardfor final approvalby the Board. The discussed list of approvedCIP projects are as follows: 2021-22Fiscal Year Downtown Lighting & Enhancements -$150,000 Enhancement Grant Program -$100,000 Fairmont Park Splash Pad (1/3 Funding) -$200,000 Dog Park at Fairmont Park -$212,275 Broadway Street Trail Lighting Phase II -$ 390,156 Signage Project Phase I -$350,000 Fairmont Park Improvements (Exercise Shade Structure) -$52,600 Pecan Park Parking Lot Improvements -$336,000 Total Projects -$1,791,031 Staff request the LPDC Board to approve staff to publicly post the above projects in the th Bay Area Observer on Thursday, October 7to begin the 60-day comment period for thth these projects. December 6will be the 60day; therefore, staff will schedule a public th hearing on December 13prior to the La Porte Drainage & Flooding Committee meeting to finalize this process in order for these projects to be funded. ACTION REQUIRED BY LPDC BOARD Approvaltopublicly post and begin the 60-day comment period for eight (8) projects totaling $1,791,031 for fiscal year 2021-2022. These projects are the Downtown Lighting & Enhancements - $150,000, Enhancement Grant Program - $100,000, Fairmont Park Splash Pad (1/3 Funding) - $200,000, Dog Park at Fairmont Park - $212,275, Broadway Street Trail Lighting Phase II - $ 390,156, Signage Project Phase I - $350,000, Fairmont Park Improvements (Exercise Shade Structure) - $52,600, Pecan Park Parking Lot Improvements - $336,000. Approved for the La Porte Development Corporation Board meeting agenda Corby D. Alexander, City Manager Date REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested: September 27, 2021 Source of Funds:038 EDC Fund Requested By:Jason Weeks, Asst. City Mgr. Department:Administration/CMO Account Number:038-6030-565-9997 Amount Budgeted:$252,650 ReportResolutionOrdinance Amount Requested:$22,000 Exhibits:Monument photos & design, Location Budgeted Item:YesNo Photos & aerial, Foundation information, and City Council Agenda Request form from 2/8/21 SUMMARY& RECOMMENDATIONS Gold Star Families are those who have sacrificed a loved one for our freedom in the on a national scale to honor and recognize these families and their loved ones who have given so much for our way of life. This motivated WWII Medal of Honor recipient, Woody Williams and his foundation to create the Gold Star Families Memorial Monument program. The Gold Star Families Memorial Monument program is a national effort designedto provide a place of permanence for Gold Star Families and the general public to gather in honor and recognition of the sacrifices which have been made for our freedom and to ensure that we never forget. Currently, this program is active in all 50 statesand one U.S. territory with 87 monuments installed and an additional 77 monuments in progress. The impact of this program helps to raise public awareness, promote community, and most importantly support Gold Star Families and the legacy of their loved ones. La Portian, Milissa Guyon, is inviting the La Porte Development Corporation to be a part of helping the La Porte Gold Star Families provide a permanent point of service and support to Gold Star Families within the La Porte community. Mrs. Guyon has the honor of serving on a committee of dedicated individuals in our community who have come together with a common goal to establish the La Porte Gold Star Families Memorial Monument. Earlier this year, the La Porte Gold Star Families committee approached the La Porte City Council to request the Gold Star Families monument be located within the Five Points Park Plaza, which was approved. The committee has been active in the community seeking funding for the cost associated with installing the monument. The quote for the monument is a total of $51,306 and includes four monuments and four bases in Premium Jet-Black granite per specification and design furnished by Blackwood Associates, Inc. for the GSFMM. This fee also includes delivery and installation of the Gold Star Monument. Included in this quote are: All laser etchings All sandblasted lettering. The Lettering on the front of the GSFMM will be sand carved with Gold litho. The litho can be reapplied at a later date if it fades due to weather and environmental issues at a minimum cost and effort. ll and 8 inches square. The balance of the stone will be rock pitched, with laser etched lettering to provide the message and meaning of the scenes on the four monuments. The Lettering on the front of the GSFMM will be sand carved with Gold litho. Two 4-0 all polished Jet-Black benches. These benches can be laser etched to honor the families and corporations based on information provided by the committee. For all services rendered by Bailey Granite, the total purchase price is $51,306. This quote includes all necessary services of a completed granite structure such as crating, shipment, delivery, and installation of the monument. The Committee explained that the advantage attained by choosing Bailey Granite as the monument provider, is that there are no taxes on monuments if purchased in Kentucky. For this project, that is a savings of approximately $3,078. In May 2021, the Gold Star Families Committee hosted the 1st PFC Matthew K. Guyon Golf Tournament to raise funds, which netted over $22,500. In June 2021, they hosted Spirit Day at Gringos La Porte and raised $181. Also, they have been crowdfunding on social media. The Committee has submitted the 1st payment to the granite company in the amount of $15,391.80. There is a balance of $14,110.41 in the account. This a 501(c)3 nonprofit organization with a Platinum Seal of Transparency from GuideStar - the world's largest source of information on nonprofits. As mentioned, the City of La Porte has approved the monument to be placed at Five Points Plaza Park. The Committee has indicated that Houston Ready Mix has volunteered to donate their time in placing the concrete base. Also, the Committee has secured a donation for the concrete. The Committee is optimistic that they will be able to find a company to donate landscaping. Therefore, staff has been approached by the Gold Star Families Committee for La Porte requesting the LPDC financial contribution of $22,000 to cover the remaining $21,805 to the granite company & the $195 to be applied to the ceremony necessities. ACTION REQUIRED BY LPDC BOARD Consider, discuss, and possible approve funding the La Porte Gold Star Families Monument Committee up to $22,000.00 for installation of the monument at Five Point Plaza Park. Approved for the La Porte Development Corporation Board meeting agenda Corby D. Alexander, City Manager Date FIVE POINTS PARK (from Park looking southeast toward San Jacinto Ave.) FIVE POINTS PARK (from Park looking southwest toward Broadway St.) FIVE POINTS PARK (from Park looking northeast toward Broadway & Main Street corner) FIVE POINTS PARK (from Park looking southwest toward Broadway Street and Harris County Sheriff’s Office) FIVE POINTS PARK (from Broadway Street looking east) FIVE POINTS PARK – AERIAL 2020 Proposed location for installation of the Hershel “Woody” Williams Medal of Honor Foundation “Gold Star Families Memorial Monument”within City of La Porte Five Points Park. REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested:February 8, 2021 n/a Requested By:Corby Alexander, City Mgr.Source of Funds: Department:Administration/CMO n/a Account Number: n/a Amount Budgeted: ReportResolutionOrdinance n/a Amount Requested: Exhibits:Foundation Information, Proclamation, Budgeted Item:YesNo Photo & Diagram of Monument, Photos of Five Points location & Aerial SUMMARY& RECOMMENDATION La Portian U.S. Army Private First Class Matthew Keith Guyon tragically passed away on June 4, 2020. He was stationed at Ft. Carson, Colorado. Matthew was born May 16, 2001 in Omaha, Nebraska to John & Milissa Guyon. He was survived by his parents of La Porte and his brother Nicholas Guyon & fiancé’ Katelyn Pacheco of Ft. Campbell, Tennessee. He had a precious girlfriend, Joselyn Salcedo of Aurora, CO, whom he was building a beautiful relationship with. Also, he is survived by his grandmother, Marlene Guyon of Universal City, TX and a host of aunts, uncles and many cousins. While growing up, Matthew was an active volunteer. He received multiple Presidential Volunteer Service awards including the Gold award. He was co-recipient of the American Red Cross Rising Star award. He volunteered with the La Porte Police Department Explorers, Office of Emergency Management, La Porte Animal Shelter, Community Emergency Response Team (CERT), Pipefitters Local Union 211, and more. He had a passion for cooking. He was incredibly excited to enter the US Army as a cook and was promptly invited to join their competition culinary team. His passion was BBQ. He loved to gather with friends and coworkers for a BBQ. Matthew lived life to itsfullest and had fallen in love with the awe of Colorado. When he wasn’t at work he could likely be found surrounded by God’s beauty in the nearby mountains. As a way to pay tribute and honor the legacy of US Army Private First Class Matthew Keith Guyon,the parents of Matthew began a fund raising campaign to bring a new Gold Star Families Memorial Monument (GSFMM) honoring the families of servicemen and women who sacrificed their lives while serving in the military to La Porte. Milissa and John Guyon areHonorary Board Members for the Gold Star Family Memorial Monument, Hershel Woody Williams Medal of Honor Foundation (HWWMOHF). The Guyon family and local monument committee members have begun the fund raising campaign for the monument by the hosting of the PFC Matthew K. Guyon Golf Tournament, which will be held on May 17, 2021 at the Bay Forest Golf Course in La Porte. The Hershel “Woody” Williams Medal of Honor Foundation is a charitable 501c3 non- profit organization that pursues the vision of Medal of Honor recipient Hershel “Woody” Williams to establish Gold Star Families Memorial Monuments in communities throughout the country, sponsor Gold Star Family outreach programs, provide Living Legacy scholarships to eligible Gold Star Children, and to advocate for educational benefits for all Gold Star Family members. The impact of the Foundation’s work helps raise public awareness about Gold Star Families’ enduring sacrifice and the ultimate sacrifice made by their Loved One. The Foundation wishes to educate the community about these sacrifices, reminding us all that freedom has not been and is not free. The mission statement of the Foundation is “to honor, recognize, and serve Gold Star Families and the legacy of their Loved Ones who have paid the ultimate sacrifice.” Initially the Foundation’s goal was to establish a Gold Star Families Memorial Monument in founder Woody William’s home state of West Virginia. Once that monument was complete, a new mission became clear to Woody and those at the Hershel “Woody” Williams Medal of Honor Foundation to establish these monuments in as many communities as possible in all 50 states and US territories. The Guyon family, along with the local monument committee comprised of Steve Deardorff and Jeff Martin has approached the City of La Porte for permission to construct a Gold Star Families Memorial Monument at Five Points Park, which is located at the intersection of Main Street and Broadway Street in downtown La Porte. This monument would be two-sided tribute made of black granite. One side would bear the words “Gold Star Families Memorial Monument a tribute to Gold Star Families and Relatives who sacrificed a Loved One for our Freedom.” The other side would tell a story through four (4) granite panels: Homeland, Family, Patriot, and Sacrifice. The scenes on each panel would be a reflection of each community’s Gold Star Families and their fallen Heroes. At the center of the tribute would be a silhouette of the Loved One who paid the ultimate sacrifice in the name of Freedom. Staff has provided a photo as well as engineering diagrams of the monument for City Council to better understand the layout of the memorial monument. Staff has researched the area at Five Points and believe the ideal location of the construction of the Gold Star Families Memorial Monument would be in the circle area at the far southwestern portion of the park. Staff has provided photos and an aerial map to better familiarize the Council as to where the monument could be located. ACTION REQUIRED BY CITY COUNCIL Approve or deny the access to Five Points Park as the site location for construction and/or placement of the Gold Star Families Memorial Monument as a tribute to Gold Star Families and Relatives who sacrificed a Loved One for our Freedom. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested: September 27, 2021 Source of Funds:N/A Requested By:Jason Weeks, Asst. City Mgr. Department:Administration/CMO Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits:Redline Draft and Final Version of Budgeted Item:YesNo Enhancement Grant Policy, and Local Bidder Preference Form SUMMARY& RECOMMENDATIONS At the July 26th La Porte Development Corporation Board meeting, the Board asked staff to prepare revisions to the La Porte Enhancement Grant Program policy as it dealt Program policy and is recommending the following changes: Program Guidelines #9 has been revised to clarify the number of times applicants may apply for funding through this programover a three (3) year period. #10 has been revised to include language the allows the LPDC to pay up to the 5% difference if the applicant wishes to utilize the goods and/or services of a local vendor. Additionally, this would require the applicant to complete the Local Bidder Preference Application. #11 was deleted due to the Program only allowing for projects at a minimum of $2,500. Application Process #2c has been revised to delete references to a Contractor List for La Porte Contractors. The City does not maintain a contractor list. the Board provide any further direction on the recommended changes and approve a revised La Porte Enhancement Grant Program policy. ACTION REQUIRED BY LPDC BOARD Consider, discuss and possible approve the revisions to the La Porte Enhancement Grant Program policy. Approved for the La Porte Development Corporation Board meeting agenda Corby D. Alexander, City Manager Date LA PORTE ENHANCEMENT GRANT PROGRAM The La Porte Enhancement Grant Program, which is sponsored by the La Porte Development Corporation, offers matching grants to businesses which are located in the City of La Porte. Eligible improvements of the La Porte Enhancement Grant Program include façade enhancement/rehabilitation, beautification projects, new awnings, canopies, porches, signage, and parking lot improvements. Commercial property owners or businesses may apply for grant reimbursements from a minimum of $2,500 to a maximum of $50,000. Each application will be evaluated on a case-by-case basis, and ALL projects for a matching grant greater than $25,000 must also be approved by the La Porte City Council. Interested business owners are welcome to complete the enclosed application form. Please deliver applications to: Jason B. Weeks Office of Economic Development City of La Porte 604 W. Fairmont Parkway La Porte, TX 77571 Please email us at WeeksJ@laportetx.gov or call 281/470-5012, if you have any questions about the La Porte Enhancement Grant Program. L A PORTE BY THE BAY 604 W. Fairmont Parkway La Porte, Texas 77571 281/470-5016 LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 1, Revised 9/27/21 BUSINESS. BY THE BAY. ELIGIBLE PROJECTS Business owners may be eligible for a reimbursement grant of funds which are used to enhance and/or beautify their businesses. The following types of projects are eligible for reimbursement: Façade Rehabilitation/Enhancement Eligible projects include work on existing structures, such as removing non- historic/added facades, re-pointing brick or replacing mortar joints, replacing or restoring cornices, removing paint from brick, replacing windows, restoring transom windows, repairing facades, etc. New Awnings, Canopies, Porches, and Signage Eligible projects include replacing, adding, or repairing awnings, canopies, porches, and signs. Signs may include signboards, projecting signs, pedestrian signage, window signs, hanging signs, and awning/canopy signs. Beautification Projects Eligible projects include public art, landscaping, and other beautification projects as approved by the La Porte Development Corporation Board (LPDC). Parking Lot Improvements Eligible projects include new parking lot construction, parking lot paving, parking lot re- surfacing, parking space striping/painting, new parking blocks, old parking block removal, and other projects as approved by the LPDC. PROGRAM GUIDELINES 1. Grant funds are available only for exterior work on commercial property and building facades that are visible from public streets. 2. In general, grants offered to businesses are intended to support projects to renovate or convert existing structures to their original historic condition. 3. Grants will be processed and considered for award on a first-come, first-served basis until funds are depleted or until the program ends, whichever comes first. 4. Grants will not be awarded for work that has already been started or completed, or for work that is covered by insurance. If desired work is above and beyond what insurance will pay, and is, therefore, considered an upgrade and enhancement in the opinion of the LPDC, it may be eligible for grant funds. LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 2, Revised 9/27/21 BUSINESS. BY THE BAY. 5. Grants will not be awarded to any Applicant that owes any delinquent indebtedness* to the City of La Porte or the La Porte Development Corporation (LPDC). Ϋ ǒĻƓƷ LƓķĻĬƷĻķƓĻƭƭ ƭŷğƌƌ ƒĻğƓ ğƓǤ źƓķĻĬƷĻķƓĻƭƭ ķǒĻ ğƓķ ƚǞźƓŭ Ʒƚ ƷŷĻ /źƷǤ ƚŅ \[ğ tƚƩƷĻ ƚƩ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓͲ źƓĭƌǒķźƓŭ ĬǒƷ ƓƚƷ ƌźƒźƷĻķ ƷƚͲ ğķ ǝğƌƚƩĻƒ ƷğǣĻƭ ƚƓ ƩĻğƌ ğƓķ ƦĻƩƭƚƓğƌ ƦƩƚƦĻƩƷǤͲ Ǟŷźĭŷ ƦƩƚƦĻƩƷǤ źƭ źƓ ŅğĭƷ ƚǞƓĻķ ĬǤ ğƓķ źƭ ƌĻŭğƌƌǤ ƭǒĬƆĻĭƷ Ʒƚ ƷğǣğƷźƚƓͲ ǞŷĻƷŷĻƩ ƚƩ ƓƚƷ ƷŷĻ ƭğƒĻ ƒğǤ ŷğǝĻ ĬĻĻƓ ƦƩƚƦĻƩƌǤ ƩĻƓķĻƩĻķ Ʒƚ ƷŷĻ Ʒğǣ ğƭƭĻƭƭƚƩΏĭƚƌƌĻĭƷƚƩ ĬǤ ğƓǤ ƦĻƩƭƚƓ͵ {ǒĭŷ ƷĻƩƒ ƭŷğƌƌ ğƌƭƚ źƓĭƌǒķĻͲ ĬǒƷ ƓƚƷ ĬĻ ƌźƒźƷĻķ ƷƚͲ ĭŷğƩŭĻƭ ŅƚƩ ƦĻƓğƌƷźĻƭͲ źƓƷĻƩĻƭƷ ğƓķ ĭƚƭƷƭ ƚƓ ğƓǤ ƭǒĭŷ ğķ ǝğƌƚƩĻƒ ƷğǣĻƭͳ ĭŷğƩŭĻƭ ŅƚƩ ǞğƷĻƩͲ ƭĻǞĻƩͲ ŭğƩĬğŭĻ ğƓķ ƚƷŷĻƩ ƭĻƩǝźĭĻƭ ƩĻƓķĻƩĻķ ƚƩ ŭƚƚķƭ ŅǒƩƓźƭŷĻķ ĬǤ ƷŷĻ /źƷǤ ƚŅ \[ğ tƚƩƷĻ ƚƩ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓ Ʒƚ ğƓǤ ƦĻƩƭƚƓͳ ğƓķ ğƓǤ ƚƷŷĻƩ ƒğƓƓĻƩ ƚŅ źƓķĻĬƷĻķƓĻƭƭ Ʒƚ ƷŷĻ /źƷǤ ƚŅ \[ğ tƚƩƷĻ ƚƩ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓͲ ƓƚǞ ĻǣźƭƷźƓŭ ƚƩ Ǟŷźĭŷ ƒğǤ ŷĻƩĻğŅƷĻƩ ĬĻ ĭƩĻğƷĻķ ĬǤ ğƓǤ ƦĻƩƭƚƓ͵ bƚ ƭǒĭŷ źƓķĻĬƷĻķƓĻƭƭ ƭŷğƌƌ ĬĻ ĭƚƓƭźķĻƩĻķ ǒ ǒƓƷźƌ ƷŷĻ ƷźƒĻ ŅƚƩ źƷƭ ĭǒƩƩĻƓƷ ƦğǤƒĻƓƷ ǒƓķĻƩ ƷŷĻ ǝğƩźƚǒƭ ƚƩķźƓğƓĭĻƭ ƚŅ ƷŷĻ /źƷǤ ƚŅ \[ğ tƚƩƷĻͲ ƚƩ ƭƷğƷĻ ƭƷğƷǒƷĻƭͲ ƚƩ ĭƚƓƷƩğĭƷǒğƌ ğŭƩĻĻƒĻƓƷͲ ƭŷğƌƌ ŷğǝĻ ĻǣƦźƩĻķͲ ǞźƷŷƚǒƷ ƦğǤƒĻƓƷ ŷğǝźƓŭ ĬĻĻƓ ƒğķĻ͵ 6. Each grant will be awarded on a reimbursement basis once completed work has been verified by the LPDC to be compliant with the plans proposed in the approved application. Any deviation from the approved project may result in the total or partial withdrawal of the grant. 7. Each enhancement grant application will be subject to review and approval from the Board of the LPDC. The review criteria include the following: The project demonstrates a significant improvement over the existing situation, The project will add to the beautification of the City of La Porte, The project will enhance appeal to new businesses and visitors, The project will complement the surrounding buildings, and The project will add value to the City of La Porte. 8. Grant applications and awards may be made in any of the reimbursable activities described above and may be combined for any single property or project. 9. An applicant is defined as an owner, tenant, or combination thereof, who occupies space in an eligible property. A single owner of multiple properties may apply for grant funds for each property owned, but the matching grant must be for more than $2,500 and less than $50,000 per property in a three (3) year period. The intent is that an owner, tenant, or combination thereof, is not eligible for annual applications to the same property for the same eligible categories of the program. There must be a three (3) year period between eligibility for same category funding at the same property location. 10. Preference will be given to all local bids for work that qualify under the current form of the er Preference Policy, with some minor adjustments that LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 3, Revised 9/27/21 BUSINESS. BY THE BAY. are prevalent to LPDC, at the time the project is approved by the Board. The Local between two thousand dollars ($2,500) and one hundred thousand dollars ($100,000), if the applicant provides one or more written quotes from a vendor that is a local business and whose quotes is within five percent (5%) of the lowest quote received by the applicant from the vendor that is not a local business, LPDC may agree to reimbursement with the local vendor that has a principal place of business in La Porte, For purposes of determining reimbursement costs, the applicant will be reimbursed the sum of the lowest cost of each of the itemized vendors providing written quotes. However, should the applicant provide the LPDC a completed Local Bidder Preference Consideration Application based on a local bidder providing a quote that is within the five percent (5%) of the lowest quote, the LPDC may agree to reimburse to the local vendor the 5% difference as a way to honor participating with local businesses. APPLICATION PROCESS 1. Determine eligibility: Discuss project plans with the Economic Development Coordinator. 2. Complete the application and sign the agreement form. Each grant application must include the following: a. A scaled drawing by the project architect or design professional of all the work to be completed. b. Samples -- i.e. paint samples, fabric swatches, sign material, etc. -- that will enable the LPDC to envision the finished project. c. Three (3) itemized work estimates on all project work from contractors or project architects. At least one quote must be obtained from applicable La Porte business. Should La Porte business not respond, applicant must provide documentation (email or letter) evidencing that a request for quote was requested. Self-contracted work will be reimbursed for actual legitimate expenses, excluding labor. d. Photographs of the buildings exterior. The Applicant shall be required to provide before and after photographs of the building before the reimbursement grant can be awarded. For the initial application, before photographs will suffice, but afte photographs of the completed project must be submitted before the grant may be considered for reimbursement. LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 4, Revised 9/27/21 BUSINESS. BY THE BAY. 3. Return the completed application form, with all applicable items, to: Jason Weeks Office of Economic Development City of La Porte 604 W. Fairmont Parkway La Porte, TX 77571 WeeksJ@laportetx.gov 4. The application will undergo an approval process, which includes but is not limited to the following: a. Each project must meet current building standards and codes, as well as building permit requirements. b. The LPDC will only consider applications that have been properly and fully completed, and which contain all information requested in the application and/or by the committee. c. All itemized work estimates submitted by the Applicant must be dated no earlier than ninety (90) days prior to the Application request. Bids shall be submitted on the contracs or project architecs letterhead and shall contain the contracs name, address, and telephone number and shall itemize the bid in a manner that allows the LPDC to determine the bid components and authenticity of the bid. d. Applications receiving approval by the LPDC shall commence construction described in the application within ninety (90) days from the date that the enhancement grant is approved. Each Applicant must complete the construction described in the Application within one (1) year from the date that the grant is approved. If the Applicant cannot meet this timeline, then the Applicant may submit a written request for an extension of the commencement date or completion date provided the extension request is made prior to the ninety (90) day or one (1) year time limit. The LPDC shall not be obligated to grant an extension, but it may do so for good cause determined solely by the members of the Committee. The extensions, if granted, shall be for the term and for the conditions determined exclusively by the LPDC. Denial of an extension request may not be appealed. e. As a condition of this grant Application, the Applicant consents, and shall allow, the LPDC to request city inspections to determine that the grant, if awarded, will not be used for construction on any building that is not in compliance with the City Municipal Codes and Ordinances that are applicable to the construction contemplated in the application. LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 5, Revised 9/27/21 BUSINESS. BY THE BAY. f. The LPDC shall have sole discretion in awarding grants. They shall award grants considering the amount requested, grant funds available, the guidelines of the grant program, condition of the building in which the grant funds will be used, economic impact, other grant requests, the type and nature of the construction, and the proposed construction results considering the grant program. g. No Applicant has a proprietary right to receive grant funds. The LPDC shall consider any application within its discretionary authority to determine what grant amount would be in the best interest of the grant program. h. The Applicant shall be required to furnish bef photographs of the buildings exterior, and any other site locations that are included as part of the application request. The applicant shall also provide fte photographs once the construction has been completed, as a condition of final grant disbursement. i. The LPDC has the final discretion with regard to funding and reserves the right to recommend modifications or reject any project or elements of any project. 5. Reimbursement. When the entire enhancement grant project has been completed, the Applicant shall present the Economic Development Office with the following: a. Copies of all paid invoices, including copies of cancelled checks and/or credit card receipts for a single payment reimbursement of the approved funding, and b. Photographs of all completed work. 6. When the project has been reviewed and approved by the LPDC, a reimbursement check will be issued. LA PORTE ENHANCEMENT GRANT PROGRAM PAGE 6, Revised 9/27/21 BUSINESS. BY THE BAY. La Porte Enhancement Grant Application tƌĻğƭĻ ƦƩźƓƷ ĭƌĻğƩƌǤ͵ tƌĻğƭĻ ƭǒĬƒźƷ ğ ĭƚƒƦƌĻƷĻķ ğƦƦƌźĭğƷźƚƓ Ʒƚʹ Office of Economic Development City of La Porte 604 W. Fairmont Parkway La Porte, TX 77571 APPLICANT INFORMATION: APPLICATION DATE: Applicant Name Business Name Physical Business Address Business Owner (if different from applicant) Mailing Address Contact Phone Email Address TYPE OF WORK (ĭŷĻĭƉ ğƌƌ ƷŷğƷ ğƦƦƌǤ): Façade Awnings/Signage Parking Lot Improvements Beautification DETAILS OF PLANNED IMPROVEMENTS (ğƷƷğĭŷ ğķķźƷźƚƓğƌ ƦğŭĻƭ źŅ ƓĻĭĻƭƭğƩǤ): LA PORTE ENHANCEMENT GRANT APPLICATION PAGE 1, Revised 9/27/21 BUSINESS. BY THE BAY. Please list the name of each Contractor and/or Project Architect and the Total Amount of each bid. Please, also, attach the original proposals and work estimates: CONTRACTOR/PROJECT ARCHITECT TOTAL 1. $ 2. $ 3. $ 4. $ 5. $ BUDGET DETAIL PROJECT EXPENDITURES FUNDS FUNDS APPLIED TOTAL Façade Rehab $ $ $ Awnings/Signage $ $ $ $ $ $ Beautification $ $ $ Parking Lot Improvements Other (list): $ $ $ TOTAL $ $ $ Total estimated cost of proposed project: $ Amount requested (up to 50% of total cost, $2,500 to $50,000): $ tƌĻğƭĻ ğƷƷğĭŷ ĭƚƌƚƩ ƭğƒƦƌĻƭͲ ƒƚķĻƌ ƓǒƒĬĻƩƭ ΛŅƚƩ ǞźƓķƚǞƭͲ ķƚƚƩƭͲ ĻƷĭ͵ΜͲ ƦŷƚƷƚƭͲ ƭĭğƌĻķ ķƩğǞźƓŭƭͲ ğƓķ ƚƷŷĻƩ źƌƌǒƭƷƩğƷźƚƓƭ ƚŅ ǞƚƩƉ Ʒƚ ĬĻ ĭƚƒƦƌĻƷĻķ͵ tƌĻğƭĻ źƓĭƌǒķĻ ğƭ ƒǒĭŷ ķĻƷğźƌ ğƭ ƦƚƭƭźĬƌĻ͵ ƚǒƩ ƭźŭƓğƷǒƩĻ ƚƓ Ʒŷźƭ ğƦƦƌźĭğƷźƚƓ ĭĻƩƷźŅźĻƭ ƷŷğƷ Ǥƚǒ ǒƓķĻƩƭƷğƓķ ğƓķ ğŭƩĻĻ ǞźƷŷ ƷŷĻ ŅƚƌƌƚǞźƓŭ ƭƷğƷĻƒĻƓƷƭʹ I have met with the LPDC and I fully understand the Enhancement Grant procedures and details established. I intend to use these grant funds for the eligible renovation projects, as spelled out in the application. I have not received, nor will I receive insurance monies for this revitalization project, OR I have disclosed all pertinent insurance information. I understand that if I am awarded an Enhancement Grant, any deviation from the approved project may result in the partial or total withdrawal of the grant funds. APPLICANT SIGNATURE DATE LA PORTE ENHANCEMENT GRANT APPLICATION PAGE 2, Revised 9/27/21 LA PORTE LOCAL BIDDER PREFERENCE APPLICATION Sections271.905and271.9051oftheTexasLocalGovernmentCodeauthorizea municipalityto business outside the municipality and contracting with a local bidder would provide the best combination of price and other economic benefits to the municipality. The La Porte has determined that the allowable preference shall be applied to local requested in writing by local bidder and when determined to be in the best interest of the to do so.This request form and any supporting documentation must be submitted with quote/bid in order to be considered by the .Questions should be addressed to the at 281-470-5. Location Eligibility: Principal place of business in La Porte, Texas. Principal place of business is defined herein as a business that is headquartered in and has an established place of business in the incorporated limits of the City of La ce of a commercially useful function or a substantial part of its operations is conducted.A location utilized as a post office box, mail drop or telephone message center or any combination thereof, with no other substantial work function, shall not be construed as a principal place of business. 1. (a)If yes, identify name of business/DBA, address and business structure: sole proprietorship, partnership, corporation or other. Name of business/DBA: ____________________________________________________ Address: _______________________________________________________________ City: __________________________ State: _____________ Zip:___________________ Sole Proprietorship Partnership Corporation Other ______________________________ (b)Name and city of residence of owner(s) partners/corporate officers as applicable Name: ______________________________________ City: ________________________________________ 2.General Business Information: (a)Year business established (La Porte location)_________ (b)Most recent year property valuation (if owned); real and personal property $____________ (c)Is business current on all property, sales tax and utility bills at the time of this application? ________ (d)Total number of current employees_______ and number of La Porte-resident employees ______ 3.Economic Development benefits resulting from award of this contract: (a)Number of additional jobs created______ or retained for La Porte resident-employees ______ (b)Local subcontractor utilized, if applicable; name, location and contract value for each Name: ________________________________ Address: ______________________________ Contract Value $________________________ (c)Other economic development benefit deemed pertinent by applicant _______________________________________________________ _______________________________________________________ _______________________________________________________ _______________________________________________________ The undersigned does hereby affirm that the information supplied is true and correct as of the date hereof, under penalty of perjury. City Bid No./Quote for which the local preference is requested:____________________________ ______________________________________________________________________________ (Name of Bidder) (Date) ____________________________________ (Signature) ____________________________________ (Print Name) THE STATE OF TEXAS § § COUNTY OF______________§ Appeared before me the above-named_____________________________, known to me to be the same, and swore that the information provided in response to the foregoing questions are true and correct to the best of his/her knowledge and belief, this ______ day of _________________, 20___. ________________________________ NOTARY PUBLIC, STATE OF TEXAS Printed Name: _____________________ Commission Expires: ________________ REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM Appropriation Agenda Date Requested:September 27, 2021 Source of Funds:038 EDC Fund Requested By:Jason Weeks, Asst. City Manager Department:Administration/CMO Account Number:038-6030-565-9997 Amount Budgeted:$540,200 ReportResolutionOrdinance Amount Requested:TBD Exhibits:Application, ConceptualRenderings, Budgeted Item:YesNo Scorecard, Mixed On Mixed Beverage Tax SUMMARY& RECOMMENDATIONS The City has received and reviewedthe business plan for the e located at 116 S. Broadway Street, which is next to the old Magic Mart (corner of Main Street and Broadway). The owner, Mark Rosado, resides at 3527 Bayou Forest Dr. in La Porte. Rosadois a first-time business owner looking to establish his bar & grillas a staple in the community. Though no kitchen or grill will be installed at his business, the plan is for food to be sold via food truck(s). Currently, the proposed building site is vacant; however, Mr. Rosado is requesting a financial incentive to assist with building his new establishment. According to hisbusiness model, hewill provide a safe and friendly gathering place by choosing the right staff to hire and properly training them in customer service and most Also, he will be taking an initiative to prevent underage drinking and prioritizing serving the customer. Rosado has indicated thathis family-friendly neighborhood bar and grill will sell food, drinks, and provide retail space and live musical entertainment. Thelayout for the project includes an outdoor seating area for customers and three small buildings for another bar, stage and retail area. The retail area will include logo merchandise, such as hats and shirts, along with toys for kids, jewelry items for women and knickknacks. Mr. Rosado will be purchasing signs, shades, office electronics, point-of-sale equipment, furniture and wood to build additional furnitureto assist with the opening of the Battleground Saloon. He anticipates Battleground Saloon opening in December 2021. Staff has included within the agenda packet renderings, which indicateseveral patio benches on the outside of the restaurant that could seat up to 36 people. Also, Rosado plans on building a playground for childrenat a later date. The main building will be space, storage shed, and live music stage) will be a total of another 750 square feet of space for a total 1,500 square feet. The applicant will not have a walk-in cooler, but the main building will be fully air conditioned. General Cost to Start Business: Construction of Main Building $79,000** Concrete work $13,500** Retail, Stage and Bar Buildings $19,200** Refrigeration Equipment $16,000** Furniture and other equipment $9,500** Other Smaller Items* $6,000** Total of Project Cost $143,200 *- Miscellaneous/Not Listed **- All amounts are estimates from owner Job Creation Breakdown: Number of Jobs: Est. Annual Payroll Year 15-16 jobs created at opening $159,000 - 28 jobs available after 3 yrs. $319,000 24- 45 jobs available after 5 yrs. $509,000 2-27 Also, Mr. Rosado has indicated that there will be 38+ construction jobs that will be created in the construction of the building. Rosado believes this project will last for 35- plus years. Mr. Rosado provided a copy of his resume within the submitted documents, which indicated he Ark Bar & Grill in Bacliff. Additional employers included Pipeline Grill, and several establishments in Miami, Florida such as Klutch South Beach, Martini Bar, s his hospitality career in Austin, Texas working for Light Bar. He is a La Porte High School graduate and earned an Associates Degree from Miami Dade Community College. He is a Certified Home Inspector, Blood Borne Pathogens Certified, CPR & TABC Certified. Mr. Rosado has listed that he will be using personal savings and the sale of his home as equity to build his business. At the time of publication of this agenda item, the applicant has received his TABC mitting (including FMO) has approved his building permit. The La Porte ZBOA approved an special exception for this project by waiving on-site parking and the applicant will be allowed to utilize off-site parking along the street. Mixed Beverage Tax A mixed beverage is any alcoholic beverage (beer, wine, ale and distilled spirits), or part of an alcoholic beverage, that a permitee sells or serves to be consumed on the of 1% of alcohol by volume. A permittee is the holder of one or more of the following alcohol permits: mixed beverage, private club, private club exemption certificate, mixed beverage or private club late hours, daily temporary mixed beverage or private club, mixed beverage or private club registration permit holding a food and beverage Rosado, has received his mixed beverage permit from the Texas Alcohol and Beverage Commission. There are two mixed beverage taxes, both based on the sale, preparation or service of alcoholic beverages and mixers. Mr. Rosado would pay the mixed beverage gross receipts tax to the State and his customers would pay him the mixed beverage sales tax, which would be remitted to the State. The mixed beverage gross receipts tax is based on the total amount received from the sale, preparation or service of mixed beverages, ice, and non-alcoholic beverages that are sold, prepared or served to be mixed with an alcoholic beverage and consumed at the Battleground Saloon. A customer will pay the mixed beverage sales tax on each mixed beverage Battleground Saloon sells, prepares or serves, and ice and each non-alcoholic beverage Battleground Saloon sells, prepares or serves that is mixed with an alcoholic beverage The mixed beverage gross receipts tax rate is 6.7%, and the mixed beverage sales tax rate is 8.25%. All sales of beer, ale or wine from Battleground Saloon are subject to both mixed beverage taxes. However, this is different than retailer locations that sell beer, ale or wine, which their tax is strictly subject to the sales and use tax. Staff has included two (2) documents within the agenda packet The City receives mixed beverage sales tax receipts issued through the Texas Comptroller of Public Accounts from multiple permitees within La Porte. La Porte has several dozen establishments that contribute monthly mixed beverage sales tax to the City. On average, these establishments average gross receipts of $30,000 per month. Staff Analysis: Per Harris County Appraisal District, the location Mr. Rosado is building Battleground Saloon, 116 S. Broadway has an assessed valuation as of January 1, 2021 of $84,000 for this vacant parcel. The applicant plans to sell food and alcohol, which will generate sales and mixed beverage taxes for the City. Based on the projected project cost of $143,200, the applicant would have investment in the business of $227,200, which could generate approximately $1,613 in property taxes annually for the City. Additionally, the applicant would be a water and sewer customer; therefore, the City would receive utility fees from the applicant. As a reminder, property tax and mixed beverage sales tax are not revenue producers for the La Porte Development Corporation. Only sales tax on non-alcoholic items (food and drinks) would increase the revenue sources for the LPDC. After entering data into the matrix, the applicant would qualify for an incentive of $27,308. Again, the matrix is subjective based on my assumptions; therefore, this amount could be adjusted slightly up or down. Staff would recommend during the negotiations of any development agreement that benchmarks be spread over several years to guarantee the applicant will still be in business. Additionally, consideration may need to be given that the first benchmark not be established until one-year after the applicant opens for business. ACTION REQUIRED BY LPDC BOARD Consider, discuss, and possible action on a financial incentive to Mark Rosado, applicant for his construction of Battleground Saloon, located at 116 S. Broadway Street in La Porte, Texas. Approved for the La Porte Development Corporation Board meeting agenda Corby D. Alexander, City Manager Date La Porte Development Corporation Project Scorecard -- PRIORITIES Project's Project's 10 Year Project's Full Time Project's Existing Incentive Value # of New % Allowed by Regression Estimated PRIORITY Value Tax or PILOT Multiplier Value Job Avg. 10 Year Allowed by Tax Project Type Full Time Tax Abatement 67 Analysis Incentive Value 123 458 JobsPolicy (Up to 10) Revenue (Up to 4) Value Incentives Abatement Policy New Retail/Restaurant Dev. A 10$3,420,00020.00.0$0342.0$2,565,000$355,00050% (Higher) A1 Palais Royal10$471,0002160$047.1$353,250$17,75050% Retail or Restaurant Re-Development/ B 9$684,000100$030.8$230,850$71,00050% Blight Removal/EHG (Higher) B1 9$846,62821000$076.2$571,474$11,65750% Pipeline Grill B2 9$210,500280$018.9$142,088$17,75050% Fischer's Hardware C 8$1,532,500200$0122.6$919,500$133,12550% Quality Waterfront Development D 7$648,500300$068.1$510,694$62,12550% Main Street Improvements D1 7$35,500380.1$03$22,365$8,87550% Bank Building Remodel D2 Micro-Brewery (Purchase)7$105,5002120.1$09$66,465$8,87550% D3 Battleground Saloon5$64,7302150.075$04$27,308$8,87550% New Retail/Restaurant Dev. E 6$826,000100$024.8$185,850$106,50050% (Lower) - Rob Johnson/Dollar Tree Retail or Restaurant Re-Development/ F 6$121,000100$03.6$27,225$3,55050% Blight Removal/EHG (Lower) F1 6$542,0002120$032.5$243,900$35,50050% El Toro Industry - NEW Development G 5$11,182,5004240.125$4,579,500396$2,971,350$2,662,50010% (Higher) - INEOS Unit #1 - $250 Million G1 5$22,365,0004600.125$9,159,0001981$14,856,750$2,662,50010% INEOS Unit #2 - $500 Million G2 Project Regulate5$1,136,0003400.125$085$639,000$56,80010% G3 5$426,0003730.13$061$454,808$21,30010% ACT Turbo (New Industry) H NEW Office/HQ - InterGulf Corporation4$142,0004300.15$010$76,680$7,10010% I NEW Office/Regional - Richard Industrial Group4$10,6504750.15$02$14,378$1,77510% Industry - NEW Development J 3$568,0004350.1$024$178,920$28,40010% (Lower) - Sector 23 (Original) J1 3$1,278,0004720.1$0110$828,144$28,40010% Sector 23 (Latest) Industry - RETENTION/EXPANSION K 3$426,0003730.13$036$272,885$21,30010% (Higher) - ACT Turbo (Expansion) Industry - RETENTION/EXPANSION L 2$710,0003150.075$05$35,944$35,50010% (Lower) M 1$177,5002300.1$01$7,988$8,87510% Airport Re-Development Notes: 1. Staff assigned prioritized values, from a maximum of 10 to a minimum of 1, based upon his understanding of the City Council and 4B Board’s values for various types of projects. 2. Thevalues in this column include revenues from property taxes, business personal proeprty taxes, and sales taxes. 3. Staff assigned a value, from a maximum of 4 to a minimum of 1, for each project. A value of 4 means that the project will have a significant multiplier effect to bring new money and/orpeople into our local economy. A value of 1 means that the project will have little or no multiplier effect to bring new money and/or people into our local economy. 4. Staff assigned a value, from a maximum of 0.15 to a minimum of 0.075, for each type of “primary job” associated with each project type. A value of 0.15 was assigned to higherpaying,whitecollar , engineering, engineering design, or executive positions. A value of 0.125 was assigned to highly skilled positions for a process technician and/or advanced manufacturer. A value of 0.10 was assigned to skilled positions. A value of 0.075 was assigned tounskilled positions. 5. Data in this column identifies all other local incentives, like PILOT abatements under an existing IDA or scheduled TIRZ reimbursements, that any project may be entitled to receive. 6. The formulas in this column represent staff’s best estimate using regression analysis to tie together all the columns of data. Important assumptions of the formulas are as follows: xRetail projects are five times (5x) more attractive to the community than industrial projects. For reference, please see page #6 of La Porte’s enclosedTax Abatement Policy. xEach “project type” is not equal to every other project type. Therefore, each project type’s priority value is included in the formula. xThe value of incentives that a project is already scheduled to receive, and is shown in the “Project's Existing 10 Year Incentives”, must be deducted from the total tax/PILOT revenuethat the project is expected to generate, which is shown in “Project's 10 Year Tax or PILOT Revenue“. x Each project’s value to create a “multiplier effect” on our local economy should be included. See the values listed under “Project's Multiplier Value (Up to 4)"above. x Each value in the column for “Regression Analysis” is divided by 1 million to make the values under “Regression Analysis”smaller, more manageable, and easier to compare. The two (2) basic formulas used in “Regression Analysis” are as follows: (a) For all Retail, Restaurant, Re-Development, and Waterfront Projects, “Project's PRIORITY Value (Up to 10)” x 5 times“Project's 10 Year Tax or PILOT Revenue” –“Project's Existing 10 Year Incentives”times“Project's Multiplier Value (Up to 4)”divided by 1 million. (b) For all Industry and Office Projects,“Project's PRIORITY Value (Up to 10)” x 1 times“Project's 10 Year Tax or PILOT Revenue” –“Project's Existing 10 Year Incentives”times“Project's Multiplier Value (Up to 4)”divided by 1 million. 7. The values in this column are simply the value from the column called “Regression Analysis” times $7,500. 8. Data in this column shows the value of incentive recommended for each project type, according to the La Porte’s current Tax Abatement Policy. Projects identified in dark greentext represent projects that have either already been awarded an incentive grant, or staff has good estimates for the projects.All other projects are completely "hypothetical". A. Hypothetical -$20 millionretail/restaurant/mixed use development project with $10 million in annual retail sales. A1. Palais Royal -$1 million property value with $2 million in annual retail sales. B. Hypothetical -$4 millionproject with $2 million in annual retail sales. B1.Pipeline Grill -$1.2 million in commercial property with $4 million in annual retail sales. B2. Fischer's Hardware -$1.5 million in commercial property with $520,000 in additional, annual retail sales. C. Hypothetical -$7.5 millionwith $5 million in annual retail sales. D. Hypothetical -$3.5 million with $2 millionin annual retail sales. D1.Micro-Brewery (Lease) -$500,000 in commercial property value, $350,000 in annual retail sales, 12 full time employees, and rent of $48,000/year for five years. D2.Micro-Brewery (Purchase)-$500,000 in commercial property value, $350,000 in annual retail sales, and 12 full time employees E.Rob Johnson/Dollar Tree -$6 million project with $2 million in annual retail sales. F. Hypothetical-$1 million project with $250,000 in annual retail sales. F1.El Toro-$2 million in new commercial property, plus $2 million in additional, annual retail sales. G. INEOS USA, LLC -Unit#1, $250 million investment, 84 highly skilled, full time jobs, 20% IDA for years #1-6, 63% IDA for years #7-10. G1.INEOS USA, LLC-Unit #2, $500 million investment, highly skilled, full time jobs, 20% IDA for years #1-6, 63% IDA for years #7-10 G2.Project Regulate-$16 million investment, with at least 40 (to 60 within 5 years) highly skilled, advanced manufacturing, full time jobs. (Note: Project would be in the TIRZ). G3.ACT Turbo (New Industry)-$6 million investment with 73 new, highly skilled, advanced manufacturing, full time jobs. H. InterGulf Corporation -$2million investment with 30 white collar, higher paying, full time jobs. I. RichardIndustrial Group -$500,000 investment with 75 white collar, higher paying, full time jobs. (Note: the 10 year PILOT is based on 3 years, equal to the term of the lease, rather than the usual 10 year timeframe.) J. Sector 23 (Original) -$8 million investmentand 35 full time, skilled jobs assuming 15 buildings, 3 employees per building, and minus 10 employees per the development agreement. J1. Sector 23 (Latest)-$18million investment and est. 72 full time, skilled jobs assuming 18 buildings, 4 employees per building. K. ACT Turbo (Expansion) -$6 million investment with 73 new, highly skilled, advanced manufacturing, full time jobs. L. Hypothetical-Warehouse/Distribution, $10 million investment, 15 unskilled, full time jobs. M. Hypothetical -Airport expansion, $2.5 million city participation/investmentwith30 skilled, full time jobs.