Applicant for Dimensions Comics requests extension after staff flags missing documentation for $7,494 benchmark payment
Staff told the board the applicant for Dimensions Comics, Music and More did not provide sufficient proof of $20,000 in qualifying capital investment by the July 31 benchmark; the board directed staff to return with an amended agreement to allow a 60-day extension rather than award the first incentive payment.
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La Porte staff told the board that the applicant for Dimensions Comics, Music and More did not submit adequate proof of the $20,000 minimum capital investment required by the amended and restated incentive agreement, and therefore did not qualify for the first incentive payment of $7,494.34 at this time.
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