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HomeMy WebLinkAbout01-26-15 Meeting of the La Porte Development Corporation Board of Directors minutes RICHARD WARREN,PRESIDENT MIKE CLAUSEN,BOARD MEMBER MIKE COOKSLEY,VICE PRESIDENT W09 RANDY WOODARD,BOARD MEMBER CHUCK ENGELKEN,BOARD MEMBER v m NANCY OJEDA,BOARD MEMBER JAYMARTIN,BOARD MEMBER dl' rexwe I MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF JANUARY 26 2015 The City of La Porte Development Corporation Board met on January 26, 2015, 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 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, Engelken and Ojeda. Absent: Board members Clausen and Woodard. Staff Present: Corby Alexander, Patrice Fogarty,, Scott Livingston, Michael Dolby, Clark Askins and Traci Leach. 9 9 Y. 2. AUTHORIZATIONS (a) Consider approval of minutes of the meeting of La Porte Development Corporation Board held on January 12, 2015—P. Fogarty Board member Engelken moved to approve the minutes of the meeting of La Porte Development Corporation Board held on January 12, 2015. Vice-President Cooksley seconded. MOTION PASSED. Ayes: President Warren, Vice-President Cooksley, Board members Ojeda, Engelken and Martin Nays: None Absent: Board members Clausen and Woodard (b) Consider approval or other action authorizing Staff to publish 60-'day notice of a public hearing to consider awarding an economic development grant to Gainstein Esquire, LLC, for an amount not to exceed $300,000—S. Livingston Economic Development Coordinator Scott Livingston presented a summary; and Kris Gant, with Gantstein Esquire, LLC, provided a presentation for a proposed Pipeline Grill Restaurant to be located at 10003 Spencer Highway, the former Texans Sports Bar and Grill. Mr. Gant advised the restaurant would create 100 jobs for local people and a banquet room for seating 75. Economic Development Coordinator Scott Livingston proposed three payments. First payment on a Certificate of Obligation for opening the restaurant; second payment for a minimum amount of expenditures; and the third payment on proof of taxable sales after the first year of being in business. Page 1 of 3 January 26,2015,La Porte Development Corporation Board Minutes i Board member Engelken asked how the Board will regain losses if the business fails. Mr. Livingston responded the property will be improved. Mr. Livingston also advised the figures are based on the two years the restaurant has been in business at the Baytown location. Kris Gant, with Gantstein Esquire, LLC, advised the Board that both the restaurant and parking lot are under contract. Board member Engelken questioned if there would be outdoor noise and late hours activity in the parking lot from patrons that would disturb the neighborhoods.borhoods. Mr. Gant responded the Pipeline Grill Is a restaurant and not a bar and the servers are required to be TABC certified and Gantstein Esquire, LLC, has a strict policy not to sell too much alcohol to one individual. Board member Martin commented he would be more comfortable awarding an economic development grant at 25 percent instead of"no more than $300,000." Board member Martin moved to authorizing Staff to publish 60-day notice of a public hearing to consider awarding an economic development grant to Gantstein Esquire, LLC, for an amount not to exceed $300,000 or equal to 25% of the project expenditures not to exceed $300,000. Board member Ojeda seconded. MOTION PASSED. Ayes: President Warren, Vice-President Cooksley, Board members Ojeda, Engelken and Martin Nays: None Absent: Board members Clausen and Woodard 3. SET DATE FOR NEXT MEETING—S. Livingston Board members set the next meeting dates for Monday, February 9, 2015, at 5:00 p.m. and Monday, February 23, 2015, at 5:00 p.m. 4. STAFF REPORTS (a) Receive Financial Report—M. Dolby Finance Director Michael Dolby provided a report. Economic Development Coordinator Scott Livingston reported he is awaiting a letter from Project Nebula/lneos confirming they will not be moving forward with the second phase of the project and will report back to the Board in March. 5. 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 member Ojeda asked about the lot that is for sale by Rob Johnson. Economic Development Coordinator Livingston advised he will inquire of Mr. Johnson to confirm if the lot is for sale. 6. ADJOURN There being no further business, Vice-President Cooksley moved to adjourn the meeting at 5:44 p.m. Board member Martin seconded. MOTION PASSED. Page 2 of 3 January 26,2015, La Porte Development Corporation Board Minutes Re ectfully submitted, Qtr �3( Patrice Fogarty, Cit creta Passed and approved on this 9th day of February, 2015. X—' President Richard Warmer — 9 Pa e3of3 January 26,2015,La Porte Development Corporation Board Minutes