HomeMy WebLinkAbout07-14-14 Meeting of the La Porte Development Corporation Board of Directors minutesRICHARD WARREN, PRESIDENT
MIKE COOKSLEY, VICE PRESIDENT
CHUCK ENGELKEN, BOARD MEMBER
JAY MARTIN, BOARD MEMBER
MIKE CLAUSEN, BOARD MEMBER
RANDY WOODARD, BOARD MEMBER
NANCY OJEDA, BOARD MEMBER
MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD
MEETING OF JULY 14, 2014
The City of La Porte Development Corporation Board met on July 14, 2014, 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 Martin, Clausen, Woodard and
Vice President Cooksley. Absent: Board members Engelken and Ojeda.
Staff Present: Corby Alexander, Patrice Fogarty, Scott Livingston, Clark Askins and Traci Leach.
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 June 9, 2014 — P. Fogarty
(b) Consider approval or other action authorizing Staff to execute payment in the amount of
$300,000 to INEOS USA, LLC pursuant to the Development Agreement — S. Livingston
(c) Discussion or other action regarding the proposed budget for La Porte Development
Corporation Board for Fiscal Year 2014-2015 — S. Livingston
Vice President Cooksley moved to approve the consent agenda as presented. Board member
Martin seconded.
Ayes: President Warren, Vice -President Cooksley, Board members
Clausen, Woodard and Martin
Nays: None
Absent: Board members Engelken and Ojeda
3. DISCUSSION OR OTHER ACTION
(a) Discussion or other action authorizing Staff to post appropriate notice for a public hearing for
an economic incentive grant to ACT Independent Turbo Services, Inc. — S. Livingston
Economic Development Coordinator Scott Livingston presented a summary and introduced Vice -
President -Engineering and IT, Glen Turner with ACT Independent Turbo Services Inc. Mr. Turner
provided an overview of the business plan model and introduced executive staff members.
Page 1 of 3
July 14, 2014, La Porte Development Corporation Board Minutes
Board member Woodard moved to authorize Staff to post notice for a public hearing for an
economic incentive grant up to $450,000 to ACT Independent Turbo Services Inc. Board member
Clausen seconded.
Ayes: President Warren, Vice -President Cooksley, Board members
Clausen, Woodard and Martin
Nays: None
Absent: Board members Engelken and Ojeda
(b) Discussion or other action authorizing Staff to revise the existing Development Agreement
with INEOS — S. Livingston
Economic Development Coordinator Scott Livingston presented a summary of INEOS request of a
two-year extension of certain deadlines relating to the Ethylene Oxide Project under the Incentive
Agreement.
Business Development Manager, Steve Reynolds with INEOS advised the board INEOS will
provide updates on the project whenever requested by the board.
Vice President Cooksley moved to agree to extend the existing Development Agreement with
INEOS by modifying the three deadlines as indicated in the commitment letter and setting aside
$700,000 for INEOS. Board member Martin seconded.
Ayes: President Warren, Vice -President Cooksley, Board members
Clausen, Woodard and Martin
Nays: None
Absent: Board members Engelken and Ojeda
4. SET DATE FOR NEXT MEETING — S. Livingston
Board members set the next meeting date for Monday, August 11, 2014 and September 22, 2014
for the ACT Project at 5:00 p.m.
5. STAFF REPORTS
(a) Receive report of the Economic Alliance Houston Port Region — S. Livingston
Chad Burke, President/CEO of the Economic Alliance Houston Port Region presented a report.
Mr. Burke informed the City of La Porte has had 13 projects, excluding INEOS since 2008, with 727
million dollars and 2 million dollar a year impact to the tax revenues in La Porte.
(b) Receive Financial Report — M. Dolby
Financial Director Michael Dolby provided a report.
(c) Receive report on the recent ICSC (International Council of Shopping Centers) Show held in
Las Vegas — S. Livingston
This item was moved to the August 11, 2014 meeting.
6. 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.
There were no comments.
Page 2 of 3
July 14, 2014, La Porte Development Corporation Board Minutes
9. ADJOURN
There being no further business, Board member Martin moved to adjourn the meeting at 5:50 p.m.
Vice President Cooksley seconded. MOTION PASSED.
Respectfully submitted,
atrice Fogarty, City Secretary
Passed and approved on this 11th day of August, 2014.
Presi nt Richard Warren
Page 3 of 3
July 14, 2014, La Porte Development Corporation Board Minutes