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<br />acclamation. <br /> <br />6. DISCUSS AND TAKE APPROPRIATE ACTION WITH REGARD TO A TRI-PARTY AGREEMENT <br />BETWEEN THE CITY OF LA PORTE, TEXAS; REINVESTMENT ZONE NUMBER ONE, CITY OF LA <br />PORTE, TEXAS; AND THE LA PORTE REDEVELOPMENT AUTHORITY. <br /> <br />Mr. Joems and Mr. Hawes reviewed the Tri-Party Agreement, responding to Board questions and <br />comments. Upon motion duly made by Director Pfeiffer, and being seconded by Director Cook, the Board <br />unanimously approved the Tri-Party Agreement as presented. <br /> <br />7. DISCUSS CONTRACTING WITH CITY OF LA PORTE FOR REDEVELOPMENT AUTHORITY DUTIES <br />DESCRIBED IN TRI-PARTY AGREEMENT. <br /> <br />Mr. Joems stated that a draft contract will be sent to Board members for consideration at their next <br />meeting. <br /> <br />8. RECEIVE REPORT ON TAX INCREMENT REVENUES FOR 2000 TAX YEAR. <br /> <br />Mr Joems presented a report on fIrst-year tax increment revenues, stating that funds from Harris <br />County's participation, which begins in 2001, will not be received until 2002. <br /> <br />9. DISCUSS MASTER WATERSHED PLAN FOR TAX INCREMENT REINVESTMENT ZONE #1. <br /> <br />Mr. Joems distributed to the Board a document entitled "Master Watershed plan for TIRZ #1, <br />Taylor Bayou Watershed," a copy of which is attached to these minutes as Exhibit A. He discussed the <br />contents of this document and a staff report contained in the Board's meeting materials, noting that a plan <br />for drainage and sewer is essential for this area if residential development is to occur. The City requests <br />that the Authority consider assisting with funding needed to do a watershed study that would accommodate <br />development. Mr. Joems responded to Board questions regarding costs of the proposed study. <br /> <br />10. OTHER MA TIERS WHICH MAY PROPERLY COME BEFORE mE BOARD. <br /> <br />No other matters were brought before the Board. <br /> <br />11. ADJOURNMENT. <br /> <br />BY: <br /> <br />The Board adjourned at 7:50 PM. <br /> <br />l~:?~ <br />A \-\-Ou E., .~'< <br />C2..h A '~lJ\ ~)V <br /> <br />/f ... ..- <br />ATfEST.~aa~ <br /> <br />Name: -rt.G,.(;~ A~D Amol..SC:, <br /> <br />Title: S e c.r'e..1~ y",\ <br />6 <br />Master Watershed Plan for TIRZ #1, Taylor Bayou Watershed <br /> <br />Name: <br /> <br />Title: <br /> <br />List of Exhibits: <br />Exhibit A: <br /> <br />2 <br />