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7. AUTHORIZATIONS
<br />(a) Consider approval or other action regarding proposed TIRZ Development Agreement
<br />between the City of La Porte, La Porte Redevelopment Authority, Reinvestment Zone No. 1,
<br />and Beazer Homes Texas, LP — S. Livingston (Postponed at the October 28, 2013;
<br />December 9, 2013, and January 27, 2014, meetings until February 10, 2014, meeting.)
<br />Economic Development Coordinator Scott Livingston presented a summary. Mr. Livingston
<br />advised Beazer Homes has agreed to enter into a four-way development agreement among the
<br />following entities: Beazer Homes Texas LP, the La Porte Redevelopment Authority, Reinvestment
<br />Zone Number One, and City of La Porte. In order to address the concerns of the residents of
<br />Spencer Landing regarding the square footage and appearance of the Beazer product, Beazer has
<br />agreed to some restrictions within the TIRZ Development Agreement that would require: (1)
<br />100 percent masonry on the front first floor elevation, with 50 percent along the sides; (2) the
<br />investment of approximately $2,097,297. in public improvements; and (3) that the cumulative,
<br />average sales price (documented at the time Developer sells a finished home to an initial end -user)
<br />of all homes within the Project Site is not less than $175,000.00.
<br />Councilmember Martin questioned the representative of Beazer, Jeff Anderson, Vice -President of
<br />Land Acquisition and Development, and asked what is the percentage of buyers that upgrade their
<br />homes. Mr. Anderson responded the majority is greater than 75 percent. Councilmember Martin
<br />questioned how much more would be spent in addition to the list price of the home. Mr. Anderson
<br />responded upgraded options range from $10,000.00-$15,000.00. Councilmember Martin
<br />questioned the lowest price of a home in the proposed subdivision. Mr. Anderson responded the
<br />base starting price is in the $160's, the average is $175,000.00; and the high end is north of
<br />$200,000.00.
<br />Councilmember Zemanek asked how long Beazer Homes has been working on the project.
<br />Mr. Anderson responded 9-12 months. Councilmember Zemanek asked why isn't there a
<br />published value for the five home plans. Mr. Anderson responded there will not be a published
<br />value until the community is ready to open up. Councilmember Zemanek commented he has never
<br />driven into a subdivision and seen a sign that says, "We average $175,000.00." They always say
<br />from the $150,000's, $180,000's, $210,000's, etc.
<br />Councilmember Clausen moved to approve the TIRZ Development Agreement between the City of
<br />La Porte, La Porte Redevelopment Authority, Reinvestment Zone No. 1, and Beazer Homes Texas,
<br />LP. Councilmember Martin seconded. MOTION PASSED.
<br />Ayes: Mayor Rigby, Councilmembers Engelken, Clausen, Kaminski,
<br />Mosteit, Martin and Leonard
<br />Nays: Councilmember Zemanek
<br />Absent: Councilmember Moser
<br />(b) Consider approval or other action regarding an Ordinance enlarging the boundaries of TIRZ
<br />No. 1, City of La Porte, Texas — S. Livingston (Postponed at the October 28, 2013;
<br />December 9, 2013, and January 27, 2014, meetings until February 10, 2014, meeting.)
<br />Economic Development Coordinator Scott Livingston presented a summary.
<br />Councilmember Clausen moved to approve Ordinance 2014-3608 enlarging the boundaries of
<br />TIRZ No. 1, City of La Porte, Texas. Councilmember Kaminski seconded. MOTION PASSED.
<br />Ayes: Mayor Rigby, Councilmembers Engelken, Clausen, Kaminski,
<br />Mosteit, Martin and Leonard
<br />Nays: Councilmember Zemanek
<br />Absent: Councilmember Moser
<br />Page 3 of 8
<br />February 10, 2014, Council Meeting Minutes
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