La Porte City board approves two downtown redevelopment grants, funds Boiler Group agreement

The La Porte City Development Board approved two downtown redevelopment actions on a voice vote and completed routine financial business during the meeting.

The board voted to adopt a three-year development agreement with Boiler Group that formalizes a special grant program approved previously. The agreement authorizes up to $150,000 in incentives over three years. As amended by the board, the first $50,000 payment will be tied to completion of exterior window and door work and is intended to be paid directly to the contractor, Meyer Glass, after the city engineer inspects and accepts the work. The board approved the Boiler Group agreement by voice vote after brief discussion of contract language and timing. No detailed timetable beyond the three-year ceiling was specified in the discussion.

The board also approved a special grant request for the property at 822 Lincoln Way. The applicant sought…