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08-26-20 LPRDA/TIRZ
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08-26-20 LPRDA/TIRZ
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5/24/2021 9:52:13 AM
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City Meetings
Meeting Body
La Porte Redevelopment Authority/TIRZ
Meeting Doc Type
Agenda Packet
Date
8/25/2020
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<br /> <br />Mr. Hawes presented the engagement proposal from McCall Gibson Swedlund Barfoot PLLC to <br />prepare the Agreed Upon Procedures Report for 65 La Porte Ltd. in an estimated cost between $4,000 <br />and $6,000. Upon a motion duly made by Director Beasley, and being seconded by Director Pool, the <br />Board voted unanimously to approve the engagement of McCall Gibson Swedlund Barfoot PLLC to <br />prepare the Agreed Upon Procedures Report for 65 La Porte, Ltd., as presented. <br /> <br /> <br /> <br />Mr. Jenkins presented the Report on Applying Agreed-Upon Procedures to Construction, Engineering <br />and Related Costs Reimbursable to 65 La Porte, Ltd., included in the Board materials. He went over <br />originally submitted an appraisal total of $4,973,568.60 and McCall revised the reimbursable amount <br />to $4,293,060.35 and went over the changes made. He went over the Schedule of Construction, <br />Engineering and Related Costs Reimbursable on Schedule A and answered questions. Upon a motion <br />duly made by Director Pool, and being seconded by Director Porter, the Board voted unanimously to <br />approve the Applying Agreed-Upon Procedures to Construction, Engineering and Related Costs <br />Reimbursable to 65 La Porte, Ltd., as presented. <br /> <br /> <br /> <br />Mr. Hawes reviewed the Assignment of Rights (Developer Agreement), included in the Board <br />approval. Upon a motion duly made by Director Beasley, and being seconded by Director Goodwin, <br />the Board voted unanimously to approve the Assignment of Rights (Developer Agreement), as <br />presented. <br /> <br /> <br /> <br />Mr. Morales provided an update on the M Street project. He reported the 60% plans will be submitted <br />to the City next Friday. No action from the Board was required. <br /> <br /> <br /> <br />s Report and went over invoices included in the Board <br />materials. He reported three checks were being presented for payment this month: (1) Malladi S. <br />Reddy for the 65 La Porte, Ltd. reimbursement in the amount of $1,028,837.38; (2) J. Morales, Inc. in <br />the amount of $24,000.00 for invoice #19820 and invoice #19853; and (3) Hawes Hill & Associates, <br />LLP in the amount of $4,162.80 for invoice #43016272 and invoice #43016294. Upon a motion duly <br />made by Director Beasley, and being seconded by Director Antone, the Board voted unanimously to <br /> <br /> <br />Ћ tğŭĻ <br /> <br /> <br />
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