§9039.110. Projects

A. The district may undertake a project which may include but not be limited to land acquisition, design, construction, renovation, rehabilitation, equipping, infrastructure, and other improvements or modifications and all operational expenses including maintenance, utility, and personnel costs and other activities necessary and convenient thereto. However, no district may undertake to plan, acquire, establish, design, develop, construct, equip, improve, repair, rehabilitate, renovate, operate, or maintain any project within the boundaries of a port, a port, harbor, and terminal district, or a port, harbor, terminal, and industrial district involving or related to a port facility unless the district has entered into an intergovernmental services agreement or cooperative endeavor agreement with the port authority.

B. The district may establish projects for any commercial or nonprofit enterprise, including projects related to:

(1) The production and manufacturing of goods and products, including facilities for manufacturing.

(2) The development of production process.

(3) Research and development.

(4) Invention and discovery.

(5) Development and implementation of programs to retain and create jobs.

(6) All other commercial, wholesale, warehousing, development, manufacturing, or related projects which may include:

(a) Streets and roads.

(b) Drainage services.

(c) Wastewater services.

(d) Potable water services where such water services cannot otherwise be made available by a regulated water utility, operating in or adjacent to the site, according to the utility's normal extension policies and Louisiana Public Service Commission guidelines and requirements.

(e) Telecommunication facilities.

(f) Demolition of existing structures.

(g) The support of any projects for safety, security or police, parking, housing of students and workforce, conference and meeting facilities, pedestrian and vehicular transportation, emergency preparedness, emergency operations, beautification, image, district identity, centralized laundry, janitorial services, maintenance services, including grass cutting and street cleaning, development and enforcement of district standards for buildings, including architectural standards, landscaping, streets and sidewalks, lighting, and signage.

C. The board shall form a finance and development committee to create a development and job creation plan for each project. This plan shall have two phases:

(1) Phase I: Preliminary feasibility analysis shall contain but shall not be limited to:

(a) A job creation vision and purpose.

(b) A preliminary cash flow.

(c) A preliminary source and use of funds.

(d) Cost estimates.

(e) A preliminary financial plan.

(f) A preliminary job creation estimate.

(g) A preliminary business plan.

(h) A preliminary critical path.

(2) Phase II: Final feasibility analysis shall include the following:

(a) A job creation vision and purpose.

(b) A cash flow pro forma.

(c) A source and use of funds.

(d) Cost estimates.

(e) Revenue estimates.

(f) A financial plan.

(g) A job creation estimate.

(h) A business plan.

(i) A development and financial critical path.

(j) A development and financial time line.

Acts 2006, No. 839, §1, eff. July 5, 2006.