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MINUTES OF THE JOINT MEETING OF THE
<br />LA PORTE REDEVELOPMENT AUTHORITY and
<br />LA PORTE TAX INCREMENT REINVESTMENT ZONE
<br />BOARD OF DIRECTORS
<br />November 7, 2018
<br />DETERMINE QUORUM; CALL TO ORDER.
<br />The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, and La Porte
<br />Tax Increment Reinvestment Zone, held a regular joint meeting, open to the public, on Wednesday,
<br />November 7, 2018, at 6:30 p.m., in the Council Chambers of City Hall, 604 West Fairmont Parkway,
<br />La Porte, Texas, and the roll was called of the duly appointed members of the Board, to -wit:
<br />Peggy Antone, Secretary
<br />Position 1
<br />JJ Meza
<br />Position 6
<br />Barry Beasley
<br />Position 2
<br />Chester Pool, Vice -Chair
<br />Position 7
<br />Alton Porter
<br />Position 3
<br />David Janda
<br />Position 8
<br />Horace Leopard
<br />Position 4
<br />Vacant
<br />Position 9
<br />Doug Martin, Chairman
<br />Position 5
<br />and all of the above were present, with the exception of Director Meza, thus constituting a quorum.
<br />Also present were David Hawes and Linda Clayton, both of Hawes Hill & Associates, LLP; Mark B.
<br />Arnold, Hunton Andrews Kurth, LLP; Jason Weeks, City of La Porte; Virginia Blake, McCall Gibson
<br />Swedlund Barfoot PLLC.; and Patrick Duggan, Jabez-La Porte, LP. Chairman Martin called the meeting
<br />to order at 6:31 p.m.
<br />APPROVE MINUTES OF THE JOINT LA PORTE REDEVELOPMENT AUTHORITY AND LA PORTE
<br />TAX INCREMENT REINVESTMENT ZONE MEETING HELD ON JULY 11, 2018.
<br />Upon a motion duly made by Director Porter, and being seconded by Director Pool, the Board voted
<br />unanimously to approve the Minutes of the July 11, 2018, Joint La Porte Redevelopment Authority
<br />and La Porte Tax Increment Reinvestment Zone board meeting, as presented.
<br />RECEIVE AND APPROVE FY2018 ANNUAL FINANCIAL REPORT AND AUDIT FROM McCALL
<br />GIBSON SWEDLUND BARFOOT PLLC.
<br />Ms. Blake presented the FY2018 Annual Financial Report and Audit, included in the Board materials.
<br />She reviewed the Independent Auditor's Report and reported an unmodified/clean opinion. She
<br />went over pages 3-4, Management's Discussion and Analysis; page 8, Statement of Net Position and
<br />Governmental Funds Balance Sheet; page 9, Reconciliation of the Governmental Funds Balance Sheet
<br />to Statement of Net Position; page 10, Statement of Activities and Governmental Funds Statement of
<br />Revenues, Expenditures and Changes in Fund Balances; page 11, Reconciliation of the Governmental
<br />Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of
<br />Activities; pages 12-21, Notes to the Financial Statements; and page 23, Schedule of Revenues,
<br />Expenditures and Changes in Fund Balance Budget and Actual General Fund. Upon a motion duly
<br />made by Director Pool, and being seconded by Director Janda, the Board voted unanimously to
<br />approve the FY2018 Annual Financial Report and Audit, as presented.
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