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06-29-10 Special Called Regular Meeting of Fiscal Affairs Committee minutes
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06-29-10 Special Called Regular Meeting of Fiscal Affairs Committee minutes
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4/24/2017 1:39:34 PM
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City Meetings
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Fiscal Affairs Committee
Meeting Doc Type
Minutes
Date
6/29/2010
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<br />Exhibit A <br /> <br />2 <br /> <br />Obtain further understanding of 5-Points Project and areas of concern through interviews of <br />Fiscal Affairs Committee Members and Concerned Citizen, as well as by a review minutes and open records request by Citizen <br />to further define scope. <br /> <br />Obtain listing of all expenditures coded to 5-Point Project as recorded on the City's and/or 4B Development <br />Corporation General Ledger and review supporting documents/invoices against applicable policies and <br />procedures for preparation of exhibit for final report. <br /> <br />Obtain copy ofEDC Project plan and other applicable documents associated with advertising and approval <br />of final project by City Council and review for compliance with applicable State Statute/By-laws. <br /> <br />Prepare timeline of events associated with 5-Point Project from inception to completion thru review of minutes and other interviews. <br /> <br />Question officials about an alleged meeting on 10/1/08 with URS to determine if there was a violation of the open meetings act. <br /> <br />Review the contract and resulting invoices for services as submitted by URS (Project Engineer) to the City in <br />connection with the 5-Points Project for accuracy and compliance with the City's applicable policies and procedures. <br /> <br />Review process for selection of 5-Points Project Engineer and Construction Contractor for compliance with applicable State Statute. <br /> <br />3 <br /> <br />4 <br />5 <br />6 <br /> <br />7 <br />8 <br />9 <br /> <br />Verify filing of Conflict of Interest by 4B Development Board Member. <br /> <br />Review the expenditure of funds by the 4B Development Corporation for the 5-Points Project for compliance with <br />applicable State Statutes. <br /> <br />10 Verify proper authorization for expansion of funding for 5-Points Project. <br /> <br />11 Review transactions between the City and Developer as they relate to the following: <br />11 a Criteria used for providing loan to Developer <br />11 b Review loan documents to determine compliance with the agreement and applicable laws and regulations <br />11 c for repayment by Developer <br />Obtain Confirmation from the City to determine depositor of wire transfer used for repayment of loan <br /> <br />12 Review various real estate transactions between the City/4B Development Corporation and the Developer as they relate to the following <br />12a The sale of a portion of San Jacinto St. to Developer <br />12b Payment of property taxes on Triangle Property <br />12c Review of evidence of payments made by City to all parties at closing on Triangle Property <br />12d Review of Exhibit C for proper execution <br />12e Review title history along with lien documents on property if available and timing of transactions <br />13 Prepare report <br />14 Review procedures completed and report <br />
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