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McCALL GIBSOIV SWEDLUND BARFOOT PLLC <br />Certified Public Accountants <br />13100 Wortham Center Drive <br />Suite 235 <br />111 Congress Avenue <br />Houston, Texas 77065-5610 <br />Suite 400 <br />(713) 462-0347 <br />Anstin, Texas 78701 <br />Fax (713) 462-2708 <br />(512) 610-2209 <br />E-Mail: ntgsb@mgsbyile.cone <br />TVWWJ11gbu1lC.Car1 <br />August 24, 2016 <br />Board of Directors <br />La Porte Redevelopment Authority <br />City of LaPorte, Texas <br />Harris County, Texas <br />Independent Accountant's Report <br />on Applying A eed-U on Procedures <br />SUS J4 i-4 FT <br />Tp Cyq� <br />G,�_ <br />We have performed the procedures enumerated below, which were agreed to by the Board of <br />Directors of the La Porte Redevelopment Authority (Authority), solely to assist you with respect <br />to the Construction, Engineering and Related Costs to be paid by the City of LaPorte, Texas <br />Reinvestment Zone No. 1 to Beazer Homes Texas LP (Developer) and Senior Associates, Inc. <br />(Owner) as of July 31, 2016, as set forth in the accompanying schedules. The below listed <br />procedures were performed solely to assist you in determining the amount to be reimbursed to <br />the Developer and Owner involved, and to facilitate the preparation of a comparison of the actual <br />costs incurred with the Project Costs estimate as documented as Exhibit B in the Development <br />Agreement. <br />This agreed -upon procedures engagement was conducted in accordance with attestation <br />standards established by the American Institute of Certified Public Accountants. The sufficiency <br />of the procedures is solely the responsibility of the Board of Directors of the Authority. <br />Consequently, we make no representation regarding the sufficiency of the procedures either for <br />the purpose for which this report has been requested or for any other purpose. The procedures <br />performed are summarized as follows: <br />A. We reviewed certain schedules and supporting invoices submitted by the Developer <br />and Owner in substantiation of the costs to be reimbursed. Our review included all <br />documentation supporting items, amounts, and proof of payment for which <br />reimbursement is requested. In addition, we reviewed all agreements submitted <br />relative to the reimbursement request. <br />B. We calculated the Developer's interest based upon the terms of the Reinvestment Zone <br />Number One, City of La Porte, Texas ("La Porte Zone") agreement with the Developer <br />for interest in accordance with the agreement dated February 10, 2014. <br />Member of <br />American Institute of Certified Public Accountants <br />Texas Society afCerNfted Public Accountants <br />