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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 />May 18, 2022
<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 />May 18, 2022, at 6:30 p.m., in the Council Chambers of City Hall, 604 West Fairmont Parkway, La
<br />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 />Mark Goodwin
<br />Position 6
<br />Barry Beasley
<br />Position 2
<br />Rick Helton
<br />Position 7
<br />Alton Porter
<br />Position 3
<br />David Janda
<br />Position 8
<br />Horace Leopard
<br />Position 4
<br />Kristen Lee
<br />Position 9
<br />Doug Martin, Chairman
<br />Position 5
<br />and all of the above were present, with the exception of Directors Antone and Leopard, thus
<br />constituting a quorum. Also present were Naina Magon, Hawes Hill & Associates, LLP; Corby
<br />Alexander, Matt Daeumer, and Julius Kizzee, City of La Porte; and Justin Jenkins, McCall Gibson
<br />Swedlund Barfoot PLLC; and Javier Morales, J. Morales, Inc. Chairman Martin called the meeting to
<br />order at 6:30 p.m.
<br />APPROVE MINUTES OF THE JOINT LA PORTE REDEVELOPMENT AUTHORITY AND LA PORTE
<br />TAX INCREMENT REINVESTMENT ZONE MEETING HELD ON APRIL 13, 2022.
<br />Upon a motion made by Director Goodwin, and seconded by Director Porter, the Board voted
<br />unanimously to approve the Minutes of the April 13, 2022, Board meeting, as presented.
<br />CONSIDER AGREED -UPON PROCEDURES REPORT FOR DEVELOPMENT AGREEMENT WITH
<br />JABEZ-LB1, LLC.
<br />Mr. Jenkins presented the Report on Applying Agreed -Upon Procedures to Construction, Engineering
<br />and Related Costs Reimbursable to Jabez-LB1, LLC, Developer, included in the Board materials. He
<br />reported the developer submitted reimbursements in the amount of $1,745,335.05, which did not
<br />include interest. He reported McCall Gibson revised the reimbursement amount to $1,778,634.83
<br />which includes interest in the amount of $33,299.79. He reported interest was calculated at 1.0%,
<br />which is the maximum allowable rate per the Development Agreement. Upon a motion made by
<br />Director Beasley, and seconded by Director Janda, the Board voted unanimously to approve the
<br />Report on Applying Agreed -Upon Procedures to Construction, Engineering and Related Costs
<br />Reimbursable to Jabez-1,131, LLC, as presented.
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