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<br />La Porte Redevelopment Authority <br />City of La Porte, Texas <br />Minutes of the Board Meeting <br />Held May 15,2002 <br /> <br />1. CALL TO ORDER. <br /> <br />The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a <br />meeting, open to the public, on the 15th day of May, 2002, at 6:30 PM in Council Chambers at the City <br />Hall, 604 West Fairmont Parkway, La Porte, Texas 77572-1115 and the roll was called of the duly <br />appointed members of the Board, to-wit: <br /> <br />Peggy Antone <br />Paul Larson <br />Alton Porter <br />Horace Leopard <br />Norman S. Cook <br />Lindsey Pfeiffer <br />David Webb <br />Chester Pool <br />John Black <br /> <br />Position 1 <br />Position 2 <br />Position 3 <br />Position 4 <br />Position 5 <br />Position 6 <br />Position 7 <br />Position 8 <br />Position 9 <br /> <br />Chairman <br /> <br />and all of the above were present except Directors Pfeiffer, Webb and Black, thus constituting a quorum. <br /> <br />Also present at the meeting were John Joems, Cynthia Alexander, Kim H. Young, Melvin Spinks, <br />Doug Kneupper, Melisa Lanclos and David Hawes. Chairman Porter called the meeting to order at <br />6:35PM. <br /> <br />2. APPROVE MINUTES OF THE AUGUST 1, 2001 MEETING. <br /> <br />On a motion duly made by Director Cook and being seconded by Director Leopard the board <br />unanimously approved the minutes of the August 1,2001 meeting. <br /> <br />3. RECEIVE CITY OF LAPORTE TAX INCREMENT REINVESTMENT ZONE #1 <br />REPORT FOR 2001 TAX YEAR. <br />. ACTIVITY REPORT <br />. RECEIVE REPORT ON TAX INCREMENT REVENUES FOR 2001 TAX YEAR <br /> <br />Mr. Joems AND Ms Alexander reviewed and responded to questions regarding the revenues <br />collected by the City and the projections for the other taxing units. Director Antone questioned the large <br />delinquency tax rate. Staff indicated that the City was aggressive about its collections and that collections <br />would improve when second notices are sent at the end of May. The report reflected collections as of the <br />end of March. Director Leopard asked Mr. Hawes if the TIRZ receives the benefit of the penalty. Mr. <br />Hawes responded that the City retains the 15% and the TIRZ receives the increment. Mr. Joems then gave <br />a report on the activity within the TIRZ over the past year. <br /> <br />4. REVIEW ANNUAL AUDIT FOR TIRZ FUND FY ENDING SEPTEMBER 31, 2001. <br /> <br />Ms. Alexander reviewed the City's financial audit as it pertained to the TIRZ. <br /> <br />5. REVIEW 2001-2002 BUDGET FOR TIRZ FUND <br />