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HomeMy WebLinkAbout11-12-12 Meeting of the La Porte Development Corporation Board of DirectorsRICHARD WARREN, PRESIDENT MIKE COOKSLEY, BOARD MEMBER JOHN ZEMANEK, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER MIKE CLAUSEN, BOARD MEMBER RANDY WOODARD, BOARD MEMBER NANCY OJEDA, BOARD MEMBER MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF NOVEMBER 12, 2012 The City of La Porte Development Corporation Board met on November 12, 2012, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00 p.m. to consider the following items of business: 1. Call to Order President Warren called the meeting to order at 5:00 p.m. The following members of the La Porte Development Corporation Board were present: Board members Engelken, Clausen, Woodard, Ojeda, Zemanek and Cooksley. Staff Present: Corby Alexander, Traci Leach, Patrice Fogarty, Stacey Osborne, Michael Dolby and Assistant City Attorney Clark Askins. 2. Consider approval of Minutes of the La Porte Development Corporation Board held on October 22, 2012, 2012 — P. Fogarty Board member Zemanek moved to approve the minutes as presented. Board member Cooksley seconded. MOTION PASSED. Ayes: President Warren, Board members Engelken, Clausen, Woodard, Ojeda, Zemanek and Cooksley Nays: None Absent: None 3. Public Hearing to receive comments on a proposed expenditure of the La Porte Development Corporation funds to pay for an incentive grant in the amount of $500,000.00 for a project to provide infrastructure improvements to the InterGulf World Headquarters site on State Highway 146 in the City of La Porte — S. Osborne The public hearing was opened at 5:01 p.m. Economic Development Coordinator Stacey Osborne presented a summary regarding a proposed expenditure of La Porte Development Corporation funds for an incentive grant in the amount of $500,000.00 for a project to provide infrastructure improvements to the InterGulf World Headquarters site on State Highway 146 in the City of La Porte. Board member Woodard asked if InterGulf Corporation owns the property. Economic Development Coordinator Stacey Osborne responded she was not certain if InterGulf Corporation owns the property she only knew they are in the process of purchasing the property. Board member Woodard questioned if the value of the land is based before or after improvements. City Manager Corby Alexander responded the value is based on before improvements. Board member Woodard questioned what would be the value of the property after improvements. City Manager Corby Alexander responded the property would have to be appraised after improvements are completed Page 1 of 3 November 12, 2012, La Porte Development Corporation Board Minutes in order to determine an after improvements value. Board member Woodard commented there was no financial information provided for the amount of payback time. Board member Zemanek questioned who would benefit with the proposed closing of the N. 11th Street right-of-way. Economic Development Coordinator Stacey Osborne responded half would benefit the particular project, and other half would benefit the current owners. Board member Zemanek asked what will be the anticipated City proceeds for closing the 11th Street and D Street rights -of -way. City Manager Corby Alexander responded approximately $32,000.00-$35,000.00 for 11th Street and $50,000.00-$52,000.00 for D Street. Board member Engelken questioned why InterGulf Corporation was not present during the meeting. Economic Development Coordinator Osborne responded InterGulf Corporation was invited to attend the meeting. They were informed their attendance was not required. There were no public comments. The public hearing closed at 5:25 p.m. 4. Consider approval or other action concerning proposed expenditure of the La Porte Development Corporation funds to pay for an incentive grant in the amount of $500,000.00 for a project to provide infrastructure improvements to the InterGulf World Headquarters site on State Highway 146 in the City of La Porte — S. Osborne Board member Ojeda moved to approve up to $500,000.00 for a project to provide infrastructure improvements to the InterGulf World Headquarters site on State Highway 146 in the City of La Porte. Board member Engelken seconded. MOTION PASSED. Ayes: President Warren and Board members Engelken Clausen, Ojeda, Zemanek and Cooksley Nays: Board member Woodard Absent: None 5. Receive presentation from staff regarding a Request for Proposal (RFP) for a Retail Study — S. Osborne Economic Development Coordinator Stacey Osborne presented regarding a Request for Proposal (RFP) for a Retail Study. Board member Ojeda made note of a correction to paragraph four of the Background of the Request for Proposal that the City of La Porte does have a coffee shop (Java Cakes). Board member Woodard commented he did not think census information should be used in retail studies. Board member Clausen moved to authorize the City to send out a Request for Proposal (RFP) for a Retail Study. Board member Zemanek seconded. MOTION PASSED. Ayes: President Warren and Board members Engelken, Clausen, Woodard, Ojeda, Zemanek and Cooksley Nays: None Absent: None Page 2 of 3 November 12, 2012, La Porte Development Corporation Board Minutes 6. Set date for next meeting — S. Osborne Board members set the next meeting date for December 10, 2012, at 5:00 p.m. 7. Board member comments regarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies. Board members thanked Economic Development Coordinator Stacey Osborne for her services to the City of La Porte and wished her the best. Board member Zemanek also requested financial payback information as requested by Board member Woodard. 8. Executive Session - The La Porte Development Corporation reserves the right to meet in executive session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act,Title 5, Chapter 551, of the Texas Government Code. There was no executive session. 9. Reconvene into regular session and consider action, if any, on items discussed in executive session. There was no executive session. 10. Adjournment There being no further business, at 5:36 p.m., Board member Engelken moved to adjourn the meeting. Board member Cooksley seconded. MOTION PASSED. Ayes: President Warren and Board members Clausen, Woodard, Ojeda, Zemanek, Engelken and Cooksley Nays: None Absent: None Respectfully submitted, ILA' A Patrice Fogarty, City &retary Passed and approved on this day of a"4 , 20 /S. President Richard Warren Page 3 of 3 November 12, 2012, La Porte Development Corporation Board Minutes