HomeMy WebLinkAbout02-23-15 Meeting of the La Porte Development Corporation Board of Directors
RICHARD WARREN, PRESIDENTRICHARD WARREN, PRESIDENTMIKE CLAUSEN, BOARD MEMBERMIKE CLAUSEN, BOARD MEMBER
MIKE COOKSLEY, VICEMIKE COOKSLEY, VICE--PRESIDENTPRESIDENTRANDY WOODARD, BOARD MEMBERRANDY WOODARD, BOARD MEMBER
JAY MARTIN, BOARD MEMBERJAY MARTIN, BOARD MEMBERNANCY OJEDA, BOARD MEMBERNANCY OJEDA, BOARD MEMBER
CHUCK ENGELKEN, BOARD MEMBERCHUCK ENGELKEN, BOARD MEMBER
CITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDACITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDA
Notice is hereby given of a meeting of the City of La Porte Development Corporation to be held on Notice is hereby given of a meeting of the City of La Porte Development Corporation
to be held on
February 23, 2015February 23, 2015, at the City Hall Council Chambers, 604 W. Fairmont Parkway, La Porte, Texas, , at the City Hall Council Chambers, 604 W. Fairmont Parkway, La Porte,
Texas,
beginning at 5:00 PM to consider the following items of business:beginning at 5:00 PM to consider the following items of business:
1.CALL TO ORDERCALL TO ORDER
2.AUTHORIZATIONSAUTHORIZATIONS
Consider approval of minutes of the meeting of the La Porte Development Corporation Consider approval of minutes of the meeting of the La Porte Development Corporation
(a)
Board held on February 9, 2015 Board held on February 9, 2015 -- P. Fogarty P. Fogarty
Consider approval or other action authorizing staff to execute payment in the amount of Consider approval or other action authorizing staff to execute payment in the amount of
(b)
$9,338.94 to Ronda Stockton, owner of And Sew It Began $9,338.94 to Ronda Stockton, owner of And Sew It Began -- S. Livingston S. Livingston
Consider approval or other action authorizing Staff to publish 60Consider approval or other action authorizing Staff to publish 60--day public notice of a public day public notice of
a public
(c)
hearing to consider awarding an economic development grant to the owners of Fischer's Do hearing to consider awarding an economic development grant to the owners of Fischer's Do
It Best Hardware for an amount not to exceed $350,000 It Best Hardware for an amount not to exceed $350,000 -- S. Livingston S. Livingston
3.SET DATE FOR NEXT MEETINGSET DATE FOR NEXT MEETING
4.STAFF REPORTSSTAFF REPORTS
Receive Financial Report Receive Financial Report -- M. Dolby M. Dolby
(a)
5.Board member comments regarding matters appearing on agenda; Recognition of Board member comments regarding matters appearing on agenda; Recognition of
community members, city employees, and upcoming events; inquiry of staff regarding community members, city employees, and upcoming events; inquiry of staff regarding
specific factual information or existing policies.specific factual information or existing policies.
6.AdjournAdjourn
The La Porte Development Corporation Board reserves the right to meet in closed session on any The La Porte Development Corporation Board reserves the right to meet in closed session
on any
agenda item should the need arise and if applicable pursuant to authorization by Title 5, Chapter 551, agenda item should the need arise and if applicable pursuant to authorization by
Title 5, Chapter 551,
of the Texas Government Code (the Texas open meetings laws).of the Texas Government Code (the Texas open meetings laws).
In compliance with the Americans with Disabilities Act, the City of La Porte will provide for reasonable In compliance with the Americans with Disabilities Act, the City of La Porte
will provide for reasonable
accommodations for persons attending public meetings. To better serve attendees, requests should be received accommodations for persons attending public meetings. To better serve attendees,
requests should be received
24 hours prior to the meetings. Please contact Patrice Fogarty, City Secretary, at 281.470.5019.24 hours prior to the meetings. Please contact Patrice Fogarty, City Secretary, at 281.470.5019.
CERTIFICATIONCERTIFICATION
I certify that a copy of the February 23, 2015, agenda of items to be considered by the Board of the La Porte Development I certify that a copy of the February 23, 2015, agenda of items
to be considered by the Board of the La Porte Development
Corporation was placed on the City Hall Bulletin Board on February 18, 2015.Corporation was placed on the City Hall Bulletin Board on February 18, 2015.
Patrice Fogarty, City SecretaryPatrice Fogarty, City Secretary
RICHARD WARREN, PRESIDENT
MIKE CLAUSEN, BOARD MEMBER
MIKE COOKSLEY, VICE PRESIDENT RANDY WOODARD, BOARD MEMBER
CHUCK ENGELKEN, BOARD MEMBER NANCY OJEDA, BOARD MEMBER
JAY MARTIN, BOARD MEMBER
MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD
MEETING OF FEBRUARY 9, 2015
February 9, 2015,
The City of La Porte Development Corporation Board met on at the City Hall Council
5:00 p.m
Chambers, 604 West Fairmont Parkway, La Porte, Texas, at . to consider the following items of
business:
1. CALL TO ORDER
President Richard Warren called the meeting to order at 5:02 p.m. The following members of the
La Porte Development Corporation Board were present: Vice-President Cooksley, Board members
Martin, Clausen, Engelken and Ojeda. Absent: Board member Woodard. Staff Present: Corby
Alexander, Patrice Fogarty, Scott Livingston, Michael Dolby and Clark Askins.
(
2. CONSENT AGENDA
All consent agenda items are considered routine by the La Porte Development
Corporation Board and will be enacted by one motion. There will be no separate discussion of these items unless
a Board member requests an item be removed and considered separately.)
(a)
Consider approval of minutes of the meeting of La Porte Development Corporation Board held on
January 26, 2015 P. Fogarty
Board member Engelken moved to approve minutes of the meeting of La Porte Development
MOTION PASSED
Corporation Board held on January 26, 2015. Vice-President Cooksley seconded. .
Ayes: President Warren, Vice-President Cooksley, Board members
Ojeda, Clausen, Engelken and Martin
Nays: None
Absent: Board member Woodard
(b)
Consider approval or other action regarding an enhancement grant amount not to exceed
$25,000.00 to Eagle Energy Resources, LLC, new owner of the Alamo Building located at
153 South Broadway, to be awarded at the completion of the project S. Livingston
Economic Development Coordinator Scott Livingston provided a summary; and President/CEO, Doug
Shows of Eagle Energy Resources, LLC, provided information on the nature of the business.
Mr. Shows informed a proposed move-in date for April 1, 2015.
Page 1 of 3
February 9, 2015, La Porte Development Corporation Board Minutes
Board member Martin moved to approve an enhancement grant amount not to exceed $25,000.00 to
Eagle Energy Resources, LLC, new owner of the Alamo Building located at
153 South Broadway, to be awarded at the completion of the project. Board member Clausen
MOTION PASSED
seconded. .
Ayes: President Warren, Board members Ojeda, Clausen, Engelken and
Martin
Nays: None
Abstain: Vice-President Cooksley
Absent: Board member Woodard
(c)
Consider approval or other action regarding revisions to Section 5.04 of the La Porte Development
Corporation By-Laws and recommending La Porte City Council authorize the revisions S.
Livingston
Economic Development Coordinator Scott Livingston provided a summary.
Board member Ojeda moved to approve revisions to Section 5.04 of the La Porte Development
Corporation By-Laws and recommending La Porte City Council authorize the revisions. Vice-President
MOTION PASSED
Cooksley seconded. .
Ayes: President Warren, Vice-President Cooksley, Board members
Ojeda, Clausen, Engelken and Martin
Nays: None
Absent: Woodard
3. SET DATE FOR NEXT MEETING
S. Livingston
Board members set the next meeting dates for Monday, February 23, 2015, at 5:00 p.m. and Monday,
March 9, 2015, at 5:00 p.m.
BOARD MEMBER COMMENTS
regarding matters appearing on agenda; recognition of community
4.
members, city employees, and upcoming events; inquiry of staff regarding specific factual information
or existing policies.
President Warren reminded Board members that the 2015 Real Estate Conference (ReCon 2015) of
the International Council of Shopping Centers (ICSC) will be held from May 17-20, 2015, in Las Vegas,
Nevada.
5. EXECUTIVE SESSION
The La Porte Development Corporation reserves the right to meet in executive
session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, Title
5, Chapter 551, of the Texas Government Code, including, but not limited to, the following:
Texas Government Code, Section 551.087(2) Deliberation regarding Economic Development negotiations.
Meet with staff of Development Corporation Board and City of La Porte to deliberate offer of financial or
other incentives to business prospect, in connection with Sector 23 Project.
Texas Government Code, Section 551.072(2) Consultation with Attorney
Consultation with attorney for Development Corporation Board regarding Sector 23 Project.
Page 2 of 3
February 9, 2015, La Porte Development Corporation Board Minutes
Board members recessed the La Porte Development Corporation Board meeting to convene an
executive session at 5:24 p.m. to m
eet with staff of Development Corporation Board and City of La Porte to
deliberate offer of financial or other incentives to business prospect, in connection with Sector 23 Project and
attorney for Development Corporation Board regarding Sector 23 Project.
consult with
6. RECONVENE
into regular session and consider action, if any, on items discussed in executive session.
Board members reconvened into the La Porte Development Corporation Board meeting at 6:00 p.m.
Regarding
Texas Government Code, Section 551.087(2): Deliberation regarding Economic Development
negotiations.
Board member Engelken moved to rescind the Sector 23 Project. Vice-President Cooksley seconded.
MOTION PASSED
.
Ayes: President Warren, Vice-President Cooksley, Board members
Ojeda, Clausen, Engelken and Martin
Nays: None
Absent: Woodard
7. ADJOURN
There being no further business, President Warren moved to adjourn the meeting at 6:00 p.m. Board
MOTION PASSED
member Martin seconded. .
Respectfully submitted,
____________________________________
Patrice Fogarty, City Secretary
rd
Passed and approved on this 23 day of February, 2015.
____________________________________
President Richard Warren
Page 3 of 3
February 9, 2015, La Porte Development Corporation Board Minutes
REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA
ITEMITEM
February 23, 2015February 23, 2015AppropriationAppropriation
Agenda Date Requested:Agenda Date Requested:
CIP 0159892993 CIP 0159892993
Scott D. Livingston Scott D. Livingston Source of Funds:Source of Funds:
Requested By:Requested By:
Account Number:Account Number:
Economic Development/Tourism Economic Development/Tourism
Department:
Amount Budgeted:Amount Budgeted:
Report:Resolution:Resolution:Ordinance:Ordinance:
9338.94 9338.94
Amount Requested:Amount Requested:
Exhibits:
Budgeted Item:Budgeted Item:YESYESNONO
1. Applicants Original Enhancement Grant 1. Applicants Original Enhancement Grant
ApplicationApplication
2. Project Cost Summary2. Project Cost Summary
3. Receipts and Checks with Highlights3. Receipts and Checks with Highlights
4. Presentation4. Presentation--AFTERAFTER
SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
Ronda Stockton has completed each of the five (5) projects that the 4B Board approved on 17 November 2014 for Ronda Stockton has completed each of the five (5) projects that the 4B Board
approved on 17 November 2014 for
an amount not to exceed $9,392.98. She has submitted paid receipts and copies of cancelled checks for all the an amount not to exceed $9,392.98. She has submitted paid receipts and
copies of cancelled checks for all the
completed projects. According to the terms of the enhancement grant program, Ronda is eligible to receive a 50% completed projects. According to the terms of the enhancement grant
program, Ronda is eligible to receive a 50%
reimbursement for all prereimbursement for all pre--approved project expenses in the amount of $9,338.94 as follows:approved project expenses in the amount of $9,338.94 as follows:
Windows $3,150.55 Windows $3,150.55
Fencing $ 655.00Fencing $ 655.00
Landscaping $3,269.70Landscaping $3,269.70Landscaping
$3,269.70Landscaping $3,269.70
Irrigation $1,100.00Irrigation $1,100.00
Lighting $1,163.69Lighting $1,163.69
Please note the enclosed excel spreadsheet called Please note the enclosed excel spreadsheet called Cost SummaryCost Summaryfor additional details. for additional details.
The sum requested for reimbursement is $54.04 less than the not to exceed, authorized amount because of the The sum requested for reimbursement is $54.04 less than the not to exceed,
authorized amount because of the
following reasons:following reasons:
The original bids submitted for The original bids submitted for fencesfencesand and windowswindowsdid not show whether or not sales tax had been did not show whether or not sales
tax had been
included in the estimates.included in the estimates.
Staff added the applicable sales tax to these two bids to ensure the applicant would receive credit for Staff added the applicable sales tax to these two bids to ensure the applicant
would receive credit for
possible sales tax due on each project.possible sales tax due on each project.
The final invoices were equal to the original estimates. Therefore, it appears that sales tax was included in The final invoices were equal to the original estimates. Therefore, it
appears that sales tax was included in
the original estimates.the original estimates.
The applicant paid less for The applicant paid less for fencesfencesand and windowswindowsthan what staff anticipated, so the 4B Boardthan what staff anticipated, so the 4B Boards
s
contribution for these two (2) items also decreases.contribution for these two (2) items also decreases.
The applicant will attend the meeting to give a presentation regarding the completed project and address any The applicant will attend the meeting to give a presentation regarding the
completed project and address any
questions that you might have about the project. questions that you might have about the project.
Action Required by the La Porte Development Corporation:Action Required by the La Porte Development Corporation:
Consider approval or other action to authorize staff to execute payment in the amount of Consider approval or other action to authorize staff to execute payment in the amount of to
Ronda to Ronda
$9,338.94$9,338.94
Stockton, owner of Stockton, owner of And Sew It BeganAnd Sew It Began..
Approved for the La Porte Development Corporation AgendaApproved for the La Porte Development Corporation Agenda
Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate
From: Randall Bradshaw <bradsrandall@aol.com>
Date: October 1, 2014 at 9:01:32 PM CDT
Ronda926@comcast.net" <Ronda926@comcast.net>
To: "
Subject: Landscape quote for 211 S 1st
Ronda,
Based on our meeting last week this is the quote I came with:
Remove all existing landscape except for the yellow bells on side by drive way. $ 150.00
Design new beds with 10 yds of soil mix and 3 yds of mulch. $ 780.00
Border all beds including new red oak and existing crepe myrtle with moss
rock incorporating irregular boulders to break up consistency. (See pic) $ 1,200.00
Install 4 accent boulders to top of beds. $ 500.00
Line bottom of house with 6" bender board to hold beds in place. $ 400.00
(Tree) $ 1,200.00
1-100 gal red oak
(Plants) $ 4,865.00
1-15 gal patio tree bougainvillea
3-30 gal pyramid Japanese yews. (See pic)
1- 30 gal patio tree Hanna ray bottlebrush
1- Plant on a lattice to go against chimney. Rangoon,Carolina jasmine or similar evergreen
plant.
55- 5 gal various evergreen plants
18- 1 gal various evergreen plants
20- flats of fall/winter color
Repair lawn where it was damaged from tree removal. $ 100.00
Install automatic irrigation system with automatic rain sensor for all of
front and back lawn,beds and trees. Includes all necessary permits. $ 4,050.00
Install an 11 (Commercial grade) LED lighting system to accent home, focal
plants and trees. Includes automatic timer and all 12 gauge wiring. $ 2,150.00
Sub total $ 15,395.00
Tax $ 1,270.09
Total $ 16,665.09
Thank you
Bradshaw Landscaping
271-541-5745
18096 Kings Row Suite G
Houston, TX 77058
281-335-8316
Decorativepoolsinc.com
DATE: November 2, 2014
BID PROPOSAL FOR:
NAME:Ronda
st
ADDRESS:211 south 1street
CITY & ZIP:La Porte TX 77571
SCOPE OF WORK:
Landscape per plan$5,107.81
:
$5,10781
.
Demo new bed areas and dispose of off site.
Build beds approximately 6” above grade with flowerbed mix(7yards).
Plants will be installed as specified on the plan.
All plants will receive slow release fertilizer.
Bed areas will be topped with shredded hardwood mulch (black) approximately 2” deep(3.5yards).
Tree will be staked.
Chop stoneor moss rockwill be leveled on top of stabilized sandaround perimeter of beds
6” Bender board to retain beds off house.
Change Orders:
$757.61
-100g Shumardi Red Oak installed
$757.61
$673.98
-(4) moss accent boulders installed(3’L x 3’W x 1.5’ T)
$673.98
$2,519.65
-Low voltage lighting
$2,519.65
(11) rs uplights with 3 watt led bulbs
(1) 300 watt fx transformer with timer and photo cell
10g wire and grease packs for all connections
$9,059.05
Total:
Note: all prices include sales tax
WARRANTY INFORMATION:
three months
All container plants are guaranteed for a period of from the date of installation, with
automatic irrigation, excluding annuals, the effects of fire, vandalism, freeze, drought, storms, or any other
extreme act of nature. No guarantee on sod or transplanted plants.
All other work carries a one-year warranty on materials and labor.
1
PAYMENT SCHEDULE:
50% deposit at contract signing with the remaining 50% balance due upon completion of all approved work.
_____________________
HOMEOWNER SIGNATURE OF ACCEPTANCE:__________________
:________________________________________
DECORATIVE POOLS REPRESENATIVE
This proposal may be withdrawn if not accepted within 30 days.
2
. The amount to be reimbursed is $54.04 less that the authorized amount.
101112
789
"Grant Offer NTE" means that the value of the grant offer for this portion of the work is "Not to Exceed" the shown amount.
Although the actual amount paid was $19,533.71, the lowest bid, including sales tax, was $6,539.40. Half of $6,539.40 is
Amount to be
show sales tax in their bid. Therefore, staff added sales tax to the
show sales tax in their bid. Therefore, staff added sales tax to the $6,301.10 bid, divided the show sales tax in their bid. Therefore, staff added sales tax to the $2,150.00 bid,
divided the
Reimbursed
$3,150.55$3,269.70$1,100.00$1,163.69$9,338.94
is the summation of $3,150.55 + $655.00 + $3,269.70 + $1,100.00 + $1,163.69. The Board
$655.00
show sales tax in their bid. Therefore, staff added sales tax to the $1,310 bid, divided the
"Irrigation" was included and paid with the landscaping for the amount of $19,533.71. However, the lowest bid for
"Lighting" was included and paid with the landscaping for the amount of $19,533.71. However, the lowest bid for
"irrigation" was $2,200, including sales tax. Therefore, the maximum amount that the 4B Board offered to pay for
Included in "Landscaping"Included in "Landscaping"
Amount Paid for
Completed Work
Identifies differences between the anticipated and final project costs.
$19,533.71
$6,301.10$1,310.00
. .
$3,269.70$1,100.00
.
The lowest bidder included sales tax in their bid, so half of the bid was The lowest bidder included sales tax in their bid, so half of the bid was
123456
Grant Offer NTE
$3,410.47$3,269.70$1,100.00$1,163.69
$709.04
$1,163.69
.
$3,150.55
.
$655
$9,392.98
bid, divided the total amount by half, and calculated
not
The actual amount paid was $6,301.10, so half is The actual amount paid was $1,310.00, so half is
"lighting" was $2,150.00. The lowest bidder did
..
Original Lowest Bid
$3,410.47$1,163.69
.
authorized a reimbursement to not exceed
$709.04
$6,301.10$1,310.00$6,539.40$2,200.00$2,150.00
total amount by half, and calculated total amount by half, and calculated total amount by half, and calculated
.$9,338.94
notnotnot
$1,100.00
The lowest bidder did The lowest bidder did The lowest bidder did
Total Amount to be Reimbursed:
This amount of
"irrigation" was
.
$3,269.70
Landscaping
12
10 11
Windows 2 3 4 5 6 7 8
9
Irrigation
1
Notes:
Lighting
Fencing
And Sew it Began
Street; La Porte, Texas
Bed & Breakfast
www.andsewitbegan.com
st
211 S. 1
BEFORE
AFTER
REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA
ITEMITEM
February 23, 2015February 23, 2015AppropriationAppropriation
Agenda Date Requested:Agenda Date Requested:
Source of Funds:Source of Funds:
Scott D. Livingston Scott D. Livingston
Requested By:Requested By:
Account Number:Account Number:
Economic Development/Tourism Economic Development/Tourism
Department:
Amount Budgeted:Amount Budgeted:
Report:Resolution:Resolution:Ordinance:Ordinance:
350,000 350,000
Amount Requested:Amount Requested:
Exhibits:
Budgeted Item:Budgeted Item:YESYESNONO
1. Project Introduction1. Project Introduction
2. Project Presentation2. Project Presentation
3. Construction Bids3. Construction Bids
4. Project Score Card4. Project Score Card
SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS
The owners of FischerThe owners of Fischers Do It Best Hardware are proposing to invest approximately s Do It Best Hardware are proposing to invest approximately toto to
$700,000 $700,000 $800,000 $800,000
expand and improve their business on the northwest corner of W. Fairmont Parkway and S. Broadway. As a expand and improve their business on the northwest corner of W. Fairmont Parkway
and S. Broadway. As a
direct result of the direct result of the and and of Fischer of Fischers Hardware, the project principals anticipate that s Hardware, the project principals anticipate that
expansionexpansionimprovementimprovement
their taxable retail sales may increase by as much as 20%. their taxable retail sales may increase by as much as 20%.
The project principals are requesting an economic development grant in the amount of The project principals are requesting an economic development grant in the amount of to totally
to totally
$350,000$350,000
remodel the exterior of the building and provide an updated appearance by completing the following projects: remodel the exterior of the building and provide an updated appearance
by completing the following projects:
Remove the existing metal fascia on the entire perimeter of the building,Remove the existing metal fascia on the entire perimeter of the building,Remove the existing metal fascia on
the entire perimeter of the building,Remove the existing metal fascia on the entire perimeter of the building,
Install a new framework and new stucco fascia panels,Install a new framework and new stucco fascia panels,
Remove the awning from the southwest side of the building,Remove the awning from the southwest side of the building,
Install kneewall stone fascia,Install kneewall stone fascia,
Install a black wrought iron fence,Install a black wrought iron fence,
Add paint and signage to the new structuresAdd paint and signage to the new structures
Reseal and restripe the parking lot,Reseal and restripe the parking lot,
Repaint the pole sign and add new graphic signage.Repaint the pole sign and add new graphic signage.
(Note: Work on the parking lot and pole sign are (Note: Work on the parking lot and pole sign are included in any of the bids.) included in any of the bids.)
notnot
Staff proposes that the range of consideration for a grant award should be between a minimum of Staff proposes that the range of consideration for a grant award should be between a
minimum of
and a maximum of and a maximum of for the following reasons: for the following reasons:
$200,000$200,000$350,000$350,000
is approximately is approximately of the total project cost. of the total project cost.
$200,000$200,00025%25%
is approximately is approximately of the total project cost. of the total project cost.
$350,000$350,00050%50%
is the range, which staff supports for projects like Gantstein Esquire, LLC (aka is the range, which staff supports for projects like Gantstein Esquire, LLC (aka Pipeline GrillPipeline
Grill),
25 - 50% 50%
Fischers Hardware, the cost to res Hardware, the cost to re--tenant the former Kroger building, and the cost to improve each of the tenant the former Kroger building, and the cost to
improve each of the
remaining shopping centers on the corners of W. Fairmont and S. Broadway. remaining shopping centers on the corners of W. Fairmont and S. Broadway.
A grant payment of A grant payment of yields a payback period of approximately yields a payback period of approximately . .
$200,000$200,00012.44 years12.44 years
A grant payment of A grant payment of yields a payback period of approximately yields a payback period of approximately ..
$275,000$275,00017.10 years17.10 years
A grant payment of A grant payment of yields a payback period of approximately yields a payback period of approximately ..
$350,000$350,00021.77 years21.77 years
Please note the enclosed Project Score Card for additional details and a comparison of this proposed project with Please note the enclosed Project Score Card for additional details
and a comparison of this proposed project with
other projects that have received an economic development award. other projects that have received an economic development award.
Other factors of value that characterize this proposed project include: Other factors of value that characterize this proposed project include:
Redevelopment and beautification of a prime corner in town,Redevelopment and beautification of a prime corner in town,
Opportunity to encourage local business expansion,Opportunity to encourage local business expansion,
Locally owned business with deep roots in in La Porte, andLocally owned business with deep roots in in La Porte, and
Opportunity to encourage the ongoing viability of this business anchor at a prime location in La Porte.Opportunity to encourage the ongoing viability of this business anchor at a prime
location in La Porte.Opportunity to encourage the ongoing viability of this business anchor at a prime location in La Porte.Opportunity to encourage the ongoing viability of this business
anchor at a prime location in La Porte.
Current and Anticipated Cash PositionCurrent and Anticipated Cash Position
Cash in Hand (See the Monthly Financial Report)Cash in Hand
(See the Monthly Financial Report)
Refund from INEOS (Expected to be $700,000; pending)Refund from INEOS (Expected to
be $700,000; pending)
Anticipated Cash in Hand at Year End (See the Monthly Financial Report Anticipated Cash in Hand at Year End (See the Monthly Financial Report
and add $700,000)and add $700,000)
Current Projects in the PipelineCurrent Projects in the Pipeline
Pipeline Grill -- $300,000 (est.) $300,000 (est.)
Fischers Hardware TBDs Hardware TBD
Former Kroger TBD (est. 9 March 2015) Former Kroger TBD
(est. 9 March 2015)
Micro-Brewery TBDBrewery
TBD
Action Required by the La Porte Development Corporation:Action Required by the La Porte Development Corporation:
Consider approval or other action authorizing staff to publish 60Consider approval or other action authorizing staff to publish 60--day public notice of a public hearing to consider
day public notice of a public hearing to consider
awarding an economic development grant to the owners of Fischerawarding an economic development grant to the owners of Fischers Do It Best Hardware for an amount not to s Do It Best
Hardware for an amount not to
exceed . .
$350,000$350,000
Approved for the La Porte Development Corporation AgendaApproved for the La Porte Development Corporation Agenda
Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate
Proposed Project Criteria
tƌĻğƭĻ ƦƩƚǝźķĻ ƷŷĻ ŅƚƌƌƚǞźƓŭ źƓŅƚƩƒğƷźƚƓ Ʒƚ Scott D. Livingston ğƷ \[źǝźƓŭƭƷƚƓ{θƌğƦƚƩƷĻƷǣ͵ŭƚǝ ğƷ ƌĻğƭƷ ƷŷƩĻĻ ΛЌΜ
ǞĻĻƉƭ źƓ ğķǝğƓĭĻ ƚŅ ƷŷĻ ƦƌğƓƓĻķ ƒĻĻƷźƓŭ ķğƷĻ ǞźƷŷ ƷŷĻ .ƚğƩķ ƚŅ 5źƩĻĭƷƚƩƭ ƚŅ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ
/ƚƩƦƚƩğƷźƚƓʹ
Њ͵ŷƚ źƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻͪ ŷğƷ ķƚĻƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ ķƚͪ
Fischers Hardware is in the business of retail sales providing product and services to La Porte and
surrounding areas.
Ћ͵ŷğƷ ķƚĻƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ Ǟźƭŷ Ʒƚ ķƚ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭͪ tƌĻğƭĻ ĻǣƦƌğźƓ ƷŷĻ ƭĭƚƦĻ ƚŅ ƷŷĻ ƦƩƚƦƚƭĻķ
ƦƩƚƆĻĭƷ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭ͵ tƌĻğƭĻ ƭǒĬƒźƷ ğ ƭźƷĻ ƦƌğƓͲ ĻƌĻǝğƷźƚƓ ƩĻƓķĻƩźƓŭΛƭΜͲ ƦźĭƷǒƩĻƭͲ ğƓķΉƚƩ ğ ķĻƷğźƌĻķ
ǝĻƩĬğƌ ķĻƭĭƩźƦƷźƚƓ ƚŅ ƷŷĻ ķĻƭźƩĻķ ƦƩƚƆĻĭƷ ǞźƷŷ Ʒŷźƭ ŅƚƩƒ͵
Fischers Hardware wishes to totally remodel the exterior of the building and provide an updated
appearance by completing the following projects:
Remove the existing metal fascia on the entire perimeter of the building,
Install a new framework and new stucco fascia panels,
Remove the awning from the southwest side of the building,
Install kneewall stone fascia,
Install a black wrought iron fence,
Add paint and signage to the new structures
Reseal and restripe the parking lot,
Repaint the pole sign and add new graphic signage.
(Note: Work on the parking lot and pole sign are not included in any of the bids.)
Ќ͵ŷĻƩĻ ķƚĻƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ Ǟźƭŷ Ʒƚ ķƚ ĬǒƭźƓĻƭƭ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭͪ
Fischers Hardware will operate in its current location.
Ѝ͵ŷĻƓ ķƚĻƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ Ǟźƭŷ Ʒƚ ƭƷğƩƷ ğƓķ ŅźƓźƭŷ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭͪ
Fischers Hardware would like to start the project as soon as possible and have the project completed
within six months.
Ў͵ŷǤ źƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ źƓƷĻƩĻƭƷĻķ źƓ ĭƚƓķǒĭƷźƓŭ ĬǒƭźƓĻƭƭ Ʒƚ \[ğ tƚƩƷĻͲ Ļǣğƭͪ
Fischers Hardware has been serving the community for 35 years and would like to continue with a new
look and new products to better serve customers.
Џ͵IƚǞ Ǟƚǒƌķ CźƭĭŷĻƩƭ IğƩķǞğƩĻ ƌźƉĻ Ʒƚ ƩĻĭĻźǝĻ ğƭƭźƭƷğƓĭĻ ŅƩƚƒ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓ Ʒƚ
ğƭƭźƭƷ CźƭĭŷĻƩƭ IğƩķǞğƩĻ źƓ ƒğƉźƓŭ ğ ŅźƩƒ ĭƚƒƒźƷƒĻƓƷ Ʒƚ ĭƚƒƦƌĻƷĻ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷ źƓ \[ğ tƚƩƷĻͲ
Ļǣğƭͪ
Fischers Hardware would like to receive assistance from the 4B Board to complete the proposed project
in a minimal amount of time. We would like to request funds to make the transition.
А͵ŷğƷ ğƩĻ ƷŷĻ ĻƭƷźƒğƷĻķ ЋЉЊЌ ƷğǣğĬƌĻ ǝğƌǒĻƭ ƚŅ ƷŷĻ ĻǣźƭƷźƓŭ ƦƩƚƦĻƩƷǤΛźĻƭΜ ƚŅ ƷŷĻ ƦƩƚƦƚƭĻķ ƌƚĭğƷźƚƓ źƓ \[ğ
tƚƩƷĻͲ Ļǣğƭͪ
The taxable value of Fischers Hardware is 1.4 million.
Б͵ŷğƷ źƭ ƷŷĻ ĻƭƷźƒğƷĻķ ƷğǣğĬƌĻ ǝğƌǒĻ Ʒƚ ĬĻ ğķķĻķ źƓ \[ğ tƚƩƷĻ ğƭ ğ ƩĻƭǒƌƷ ƚŅ ĭƚƒƦƌĻƷźƓŭ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷ
źƓ \[ğ tƚƩƷĻͪ ŷźƭ Ǟƚǒƌķ źƓĭƌǒķĻ ƷŷĻ ŅƚƌƌƚǞźƓŭʹ
The estimated taxable value increase of the proposed project will be 15% to 20%. This includes sales tax
revenue.
ğǣğĬƌĻ ǝğƌǒĻ ƚŅ ĻƨǒźƦƒĻƓƷ Ʒƚ ĬĻ ƩĻƌƚĭğƷĻķͪ
o
ğǣğĬƌĻ ǝğƌǒĻ ƚŅ ƓĻǞ ĻƨǒźƦƒĻƓƷ Ʒƚ ĬĻ ƦǒƩĭŷğƭĻķͪ
o
ğǣğĬƌĻ ǝğƌǒĻ ƚŅ źƒƦƩƚǝĻƒĻƓƷƭ Ʒƚ ĻǣźƭƷźƓŭ ĬǒźƌķźƓŭƭͪ
o
ğǣğĬƌĻ ǝğƌǒĻ ƚŅ ƓĻǞ ĬǒźƌķźƓŭ ĭƚƓƭƷƩǒĭƷźƚƓͪ
o
ğǣğĬƌĻ źƓǝĻƓƷƚƩǤ Ʒƚ ĬĻ ƩĻΏƌƚĭğƷĻķΉğķķĻķͪ
o
ğǣğĬƌĻ ƩĻƷğźƌ ƭğƌĻƭ Ʒƚ ĬĻ ğķķĻķͪ
o
ğǣğĬƌĻ ǝğƌǒĻ ƚŅ ğƓǤ ƚƷŷĻƩ ƩĻğƌ ƦƩƚƦĻƩƷǤ ƚƩ ĬǒƭźƓĻƭƭ ƦĻƩƭƚƓğƌ ƦƩƚƦĻƩƷǤ ğķķźƷźƚƓƭͪ
o
В͵IƚǞ ƒğƓǤ ĻǣźƭƷźƓŭ ĻƒƦƌƚǤĻĻƭ ΛĬƚƷŷ Ņǒƌƌ ƷźƒĻ ğƓķ ƦğƩƷ ƷźƒĻΜ Ǟźƌƌ ĬĻ ƩĻΏƌƚĭğƷĻķ Ʒƚ \[ğ tƚƩƷĻ ƚƩ ƩĻƷğźƓĻķ źƓ \[ğ
tƚƩƷĻ ğƭ ğ ƩĻƭǒƌƷ ƚŅ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷͪ
All existing employees will remain as a result of the proposed project.
ЊЉ͵IƚǞ ƒğƓǤ ƓĻǞ ĻƒƦƌƚǤĻĻƭ ΛĬƚƷŷ Ņǒƌƌ ƷźƒĻ ğƓķ ƦğƩƷ ƷźƒĻΜ Ǟźƌƌ ĬĻ ŷźƩĻķ ğƭ ğ ƩĻƭǒƌƷ ƚŅ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷͪ
Fischers Hardware plans to add 7 to 10 new employees as a result of the proposed project.
ЊЊ͵IƚǞ ƒğƓǤ Ʀğźķ ğƓķΉƚƩ źƓƷĻƩƓ ƦƚƭźƷźƚƓƭ ğƩĻ ƷŷĻ ĭƚƒƦğƓǤ ǞźƌƌźƓŭ Ʒƚ ƩĻƭĻƩǝĻ ŅƚƩ ƭƷǒķĻƓƷƭ ƚŅ \[ğ tƚƩƷĻ Iźŭŷ
{ĭŷƚƚƌͪ
Fischers Hardware has used Cooperative Education in the past with positive results and will continue to
use this program. We estimate 3 to 5 positions will be available.
ЊЋ͵DĻƓĻƩğƌƌǤ źķĻƓƷźŅǤ ƷŷĻ ĬĻƓĻŅźƷƭͲ źŅ ğƓǤͲ ƷŷğƷ ğƌƌ Ņǒƌƌ ƷźƒĻ ĻƒƦƌƚǤĻĻƭ Ǟźƌƌ ƩĻĭĻźǝĻ Λź͵Ļ͵ ЍЉЊƉͲ ķĻƓƷğƌͲ ƒĻķźĭğƌͲ
ǝźƭźƚƓͲ ƭƷƚĭƉ ƚƦƷźƚƓƭͲ ƦƩƚŅźƷΏƭŷğƩźƓŭͲ ĻƷĭ͵Μ͵
Fischers Hardware offers optional medical, dental, vision, and Accidental Death and Dismemberment, as
well as life insurance to all full time employees.
ЊЌ͵/ğƷĻŭƚƩźǩĻ ƷŷĻ ĻƒƦƌƚǤĻĻƭ ΛĬƚƷŷ Ņǒƌƌ ƷźƒĻ ğƓķ ƦğƩƷ ƷźƒĻͳ ĬƚƷŷ ƩĻƌƚĭğƷĻķ ğƓķ ƓĻǞ ŷźƩĻƭΜ ĬǤ ƆƚĬ ƷźƷƌĻΉƷǤƦĻ ƚŅ
ǞƚƩƉ ğƓķ ǞğŭĻΉƭğƌğƩǤ ƌĻǝĻƌ͵
All of Fischers Hardware employees are categorized as sales with the exception of office clerical
personnel. Sales positions include customer service, stocking, and cashier.
ЊЍ͵
ǞźƷŷƚǒƷ ƷŷĻ ğƭƭźƭƷğƓĭĻ ƚŅ ƷŷĻ \[ğ tƚƩƷĻ 5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓͲ ǞŷǤ ƒźŭŷƷ ƓƚƷ CźƭĭŷĻƩƭ IğƩķǞğƩĻ ĬĻ ğĬƌĻ
Ʒƚ ĭƚƒƦƌĻƷĻ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭͪ
Without the assistance of the La Porte Development Corporation, Fischers Hardware is unable to
complete the proposed project.
ЊЎ͵ŷğƷ ŅƚƩƒΛƭΜ ğƓķ ğƒƚǒƓƷΛƭΜ ƚŅ źƓĭĻƓƷźǝĻƭ ķƚĻƭ CźƭĭŷĻƩƭ IğƩķǞğƩĻ Ǟźƭŷ Ʒƚ ƩĻƨǒĻƭƷ ŅƩƚƒ ƷŷĻ \[ğ tƚƩƷĻ
5ĻǝĻƌƚƦƒĻƓƷ /ƚƩƦƚƩğƷźƚƓ Ʒƚ ĬĻ ğĬƌĻ Ʒƚ ĭƚƒƦƌĻƷĻ ƷŷĻ ƦƩƚƦƚƭĻķ ƦƩƚƆĻĭƷ źƓ \[ğ tƚƩƷĻͲ Ļǣğƭͪ
Fischers Hardware would like to receive the full amount of incentive funds allowable to complete the
proposed project. Fischers Hardware is requesting the sum of $350,000.
This is an Unaudited Statement.
City of La Porte
La Porte Development Corporation (038) Fund Summary
(Section 4B Sales Tax)
Previous
ReportFY 2014-15FY 2013-14
Unaudited Beginning Fund Balance 9/30$ 3,322,635$ 3,322,635$ 2,768,155
Plus Year to Date Revenues:
1/2 Cent Sales Tax - 217,072 207,035
Interest Income 363 1,380 1,560
Total Revenues 363 218,452 208,595
Equals Total Resources 3,322,998 3,541,087 2,976,750
Less Year to Date Expenditures:
Payroll 7,060 22,739 15,872
Supplies 1 110 46
Services & Charges (Memberships, Training, Advertising, Legal, Utilities) 6,903 117,326 20,505
Capital Outlay - - 19,250
*
Debt Service Transfer 90,318 270,954 237,136
Total Expenditures 104,282 411,129 292,809
Estimated Year to Date Fund Balance as of 12/31/2014$ 3,218,716$ 3,129,958$ 2,683,941
Commitments
Project Nebula/Ineos**$ 700,000
Richard Industrial Group 10,000
ACT Independent Turbo Service, Inc. 426,000
Debt Service Reserve 1,083,817
$ 2,219,817
Adjusted Year to Date Fund Balance$ 910,141
Projection Through Year End
Adjusted Year to Date Fund Balance$ 910,141
Plus: Estimated Sales Tax 1,991,558
Plus: Transfer from CIP for District 23 Street Paving (recinded by 4B) 175,000
Less: Estimated Operational Costs (294,619)
Less: Debt Service Transfers (812,863)
Projected Year End Fund Balance$ 1,969,217
Sales tax revenues for Fiscal Year 2015 are estimated to be $2,208,630. (2.5% growth over FY2014)
Previously Funded Projects (Funding in Fund 015 - General CIP Fund)
BudgetExpendituresBalance
Façade Grants 300,000 81,570 218,430
Total 300,000 81,570 218,430
*Debt Service Payments for Library, Bay Area Boulevard & Canada Road and Ballfields.
**EDC Coordinator awaiting termination letter.