02-19-20 Meeting of the La Porte Redevelopment Authority/TIRZ

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MINUTES OF THE JOINT MEETING OF THE LA PORTE REDEVELOPMENT AUTHORITY and LA PORTE TAX INCREMENT REINVESTMENT ZONE BOARD OF DIRECTORS February 19, 2020 DETERMINE QUORUM; CALL TO ORDER. The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, and La Porte Tax Increment Reinvestment Zone, held a regular joint meeting, open to the public, on Wednesday, February 19, 2020, at 6:30 p.m., in the Council Chambers of City Hall, 604 West Fairmont Parkway, La Porte, Texas, and the roll was called of the duly appointed members of the Board, to -wit: Peggy Antone, Secretary Position 1 Barry Beasley Position 2 Alton Porter Position 3 Horace Leopard Position 4 Doug Martin, Chairman Position 5 Mark Goodwin Position 6 Chester Pool, Vice -Chair Position 7 David Janda Position 8 Vacant Position 9 and all of the above were present, with the exception of Directors Antone, Porter and Leopard, thus constituting a quorum. Also present were David Hawes and Linda Clayton, both of Hawes Hill & Associates, LLP; Corby Alexander and Jason Weeks, City of La Porte; and Javier Morales, J. Morales, Inc. Chairman Martin called the meeting to order at 6:31 p.m. APPROVE MINUTES OF THE JOINT LA PORTE REDEVELOPMENT AUTHORITY AND LA PORTE TAX INCREMENT REINVESTMENT ZONE MEETING HELD ON DECEMBER 4, 2019. Upon a motion duly made by Director Pool, and being seconded by Director Beasley, the Board voted unanimously to approve the Minutes of the December 4, 2019, joint Board meeting, as presented. RECEIVE UPDATES FROM THE CITY, DEVELOPERS AND STAFF ABOUT DEVELOPMENT WITHIN THE ZONE. Mr. Hawes reported there is approximately 10 years left on the life of the TIRZ. He stated La Porte Crossing will be paid off this year. He reported Dr. Reddy has submitted invoices for reimbursement and the auditor is currently working on the documentation to prepare an AUP. RECEIVE UPDATE FROM J. MORALES, INC. REGARDING M STREET PROJECT. Mr. Morales provided an update on the M Street Project, a copy of the Engineer's Report is included in the Board materials. He reported JMI has received comments back from the City on the 30% plan submittal and he anticipates 60% plans to be submitted to the City March 6. He estimated the 90% plans will be submitted in May. There was general discussion when the engineer can begin publicly bidding the project and Mr. Alexander agreed once 90% plans are submitted to the City the Engineer can begin the bidding process. Mr. Morales stated he anticipates bids for the project will be ready for the Board's consideration in June. No action from the Board was required.