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CONSIDER TIRZ INCREMENT DISBURSEMENT REPORT AND AUTHORIZE PAYMENT TO • <br />DEVELOPERS. <br />Mr. Hawes presented the Disbursement Report and answered questions. He reported the <br />Report was based on 2013 tax revenues. He recommended payment to two developers (1) <br />Retreat at Bay Forest in the amount of $50,000.00; and (2) Port Crossing Land LP in the amount <br />of $1,075,874.56. Upon a motion duly made by Director Leopard, and being seconded by Director <br />Meza, the Board voted unanimously to accept the Disbursement Report and approved payment <br />to the developers, as presented. <br />CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO AUTHORITY INVOICES. <br />Mr. Hawes went over the invoices, included in the Board agenda materials. Upon a motion <br />duly made by Director Antone, and being seconded by Director Porter, the Board voted <br />unanimously to approve payment of invoices, as presented. <br />RECEIVE UPDATES FROM THE CITY, DEVELOPERS AND STAFF WITH REGARD TO <br />DEVELOPMENT WITHIN THE ZONE. <br />Mr. Hawes provided preliminary roll information. Mr. Livingston reported a prospective <br />buyer had contacted him with regard to buying 12.5 acres in the TIRZ for developing for industrial <br />use. No action from the Board was required. <br />BOARD MEMBER COMMENTS. <br />a. Matters appearing on agenda; <br />b. Inquiry of staff regarding specific factual information or existing policy. <br />There were no comments. ' <br />ADJOURNMENT. ' <br />There being no further business to come before the Board, Vice -Chairman Martin <br />adjourned the meeting at 7:04 p.m. <br />Secretary <br />List of Exhibits: <br />Exhibit A - Redline version showing changes to Reimbursement Agreement among <br />Reinvestment Zone Number One, City of La Porte, Texas, and La Porte Redevelopment Authority <br />and Senior Associates, Inc. , <br />2 ' <br />