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CONSIDER ADDITIONAL TAX YEAR 2018 DEVELOPER DISBURSEMENTS; AND CONSIDER <br />APPROVAL OR OTHER ACTION REGARDING AUTHORITY INVOICES, INCLUDING <br />CONTRACTUAL OBLIGATIONS TO REIMBURSE LA PORTE ISD. <br />Mr. Hawes went over the payment due developers: (1) Senior Associates $8,876.63; (2) Retreat at <br />Bay Forest LP $24,681.90; and (3) Liberty Property Limited Partnership $1,169,012. He reported <br />the La Porte ISD increment refund is $274,628.00. He went over the invoices from Hawes Hill & <br />Associates for September, October and three November invoices for a total amount due of <br />$10,223.35. Upon a motion duly made by Director Goodwin, and being seconded by Director <br />Leopard, the Board voted unanimously to accept the Bookkeeper's Report and approved payment to <br />developers (1) Senior Associates $8,876.63; (2) Retreat at Bay Forest LP $24,681.90; (3) Liberty <br />Property Limited Partnership $1,169,012; and approved payment to (4) La Porte ISD in the amount <br />of $274,628.00; and (5) Hawes Hill & Associates LLP in the amount of $10,223.35. <br />CONSIDER AMENDED FY2019-2020 ANNUAL BUDGET <br />Mr. Hawes went over the amended FY2019-FY2020 Annual Budget and stated the amendment is <br />adjusting the ISD refund amount to $274,628. He reported all other amounts remained the same <br />from the budget approved in August. Upon a motion duly made by Director Beasley, and being <br />seconded by Director Goodwin, the Board voted unanimously to approve the amended FY2019-2020 <br />Annual Budget, as presented. <br />RECEIVE UPDATE FROM J MORALES INC REGARDING M STREET PROJECT. <br />Mr. Moore presented the Engineer's Report, included in the Board materials. He reported JMI has <br />completed preliminary design. Mr. Morales reported the estimate with assumptions of 30' pavement <br />width is withdrawn. He went over the cost estimates for the assumptions of 28' pavement width and <br />stated there is a unit error in the cost estimate, and he will provide staff with an updated cost estimate <br />to send to the Board. He requested approval from the Board to proceed with design which he <br />estimated can be submitted to the City as early as December 13. After full discussion by the Board, <br />the Board was in consensus to authorize JMI to proceed with design. <br />RECEIVE UPDATES FROM THE CITY, DEVELOPERS AND STAFF ABOUT DEVELOPMENT WITHIN <br />THE ZONE. <br />Mr. Hawes reported Mike Caldwell is looking to purchase property on the north side of McCabe Road <br />and staff is running the numbers. There was general discussion regarding various properties in the <br />Zone. <br />BOARD MEMBER COMMENTS. <br />a. Matters appearing on agenda <br />b. Inquiry of staff regarding specific factual information or existing policy <br />Nothing new to report. <br />21 Page <br />