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08-24-16 Meeting of the La Porte Redevelopment Authority/TIRZ
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08-24-16 Meeting of the La Porte Redevelopment Authority/TIRZ
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2/8/2022 2:33:12 PM
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City Meetings
Meeting Body
La Porte Redevelopment Authority/TIRZ
Meeting Doc Type
Minutes
Date
8/24/2016
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LA PORTE REDEVELOPMENT AUTHORITY %90 <br />SCHEDULE <br />ONSTRUCTION, ENGINEERING AND RELATED REIMBURSABiE COSTS <br />TO SENIOR ASSOCIATES, {OWNER) �7��� <br />AUGUST 24, 2016 CN <br />(SEE ACCOMPANYING DISCLAIMER OF OPINION AND �G� <br />EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) <br />DESCRIPTION <br />Paskcy, Inc. <br />Construction - Water, Sanitary Sewer, Drainage <br />and Detention to Serve <br />Bayside Crossing <br />Amount Paid by Developer $ 873,687.18 <br />Less: Amount Allocated to Developer 733,296.73 <br />Lou's Construction Company, Inc. <br />Drainage Outfall Conflict and Relocation <br />Bayside Crossing <br />Amount Paid by Developer $ 36,540.00 <br />Less: Amount Allocated to Developer 16,077.60 <br />Storm Water Solutions, LP <br />Storm Water Pollution Prevention Plan <br />Bayside Crossing - Detention <br />Amount Paid by Developer S 34,334.35 <br />Less: Amount Allocated to Developer 29,273.85 <br />Cobb Fcndley <br />Engineering - Detention Ponds <br />Bayside Crossing <br />Amount Paid by Developer $ 45,175.30 <br />Less; Amount Allocated to Developer 9,803.36 <br />TOTAL AMOUNT REIMBURSABLE TO SENIOR ASSOCIATES, INC. <br />AS OF JULY 31, 2016 <br />Add: Land at 2015 HCAD Value <br />2.34 Acres Detention Q 108.777 per Acre <br />Developer Interest * <br />TOTAL AMOUNT PAYABLE TO SENIOR ASSOCIATES, INC. <br />AS OF JULY 31, 2016 <br />+ Interest is calculated based upon the J.P. Morgan Chase Bank prime <br />commercial lending rate in accordance with the Development Agreement, <br />TOTAL <br />S 140,390.45 <br />20,462.40 <br />5,060.50 <br />35,371.94 <br />S 201,285.29 <br />254,538.18 <br />10,208.46 <br />S 466,031.93 <br />Schedule B <br />Page 1 of 1 <br />
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