10-01-03 La Porte Redevelopment Authority Meeting minutes

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7. Receive and Review Activity Report for 2002 Tax Year Mr. Dolby gave a review of the increment revenue collections for the 2002 Tax Year. He pointed out a correction to the Harris County disbursements. 8. Review and Consider Approval of FY 03-04 budget Mr. Joerns reviewed the FY 2003-2004 Budget for the Redevelopment Authority and TIRZ. Upon a motion duly made by Director Pfeiffer and being seconded by Director Leopard, the board unanimously approved the FY 2003 - 2004 Budget. 9. Staff Updates . Drainage Study - Taylor Bayou Watershed · StaffInterviews for Bond counsel and financial Advisor · Development Activity within TIRZ Proposed Residential golf community Mr. Joerns gave a brief overview of the existing contract for the Taylor Bayou Watershed. He indicated that staff had reviewed the report and that the contract-engineering firm was redoing exhibits and maps, as well as making other adjustments to the final report. Final payment will not been made until the all issues are resolved. Mr. Joerns gave an overview of the process that city staff and the TIRZ consultant went through to select fmalists for Bond Counsel and Financial Advisory Services. Present at the board meeting were Mr. James Hernandez, Andres Kurth and Mr. Drew Masterson, first Southwest Company. Each gave brief overview of each firm and what services they offered. Mr. Joerns concluded by stating that staff would bring a recommendation with agreements back to the board at its next meeting. Mr. Joerns gave a brief overview on where the zoning stood for the Arete Development next to the City's golf course. He discussed mobility issues with the board and that staff were working with the developer in doing a due diligence with regard to TIRZ involvement. 10. Other Matters Which may properly come before the Board It was suggested that the board chair draft a note to city council about moving the golf course community project forward and taking no stand on the 8th Street issue. 11. Executive Session The board went into executive session at 7: 15 PM and resumed Regular Session at 7:30 PM. 12. Adjournment The board chair adjourned the meeting at 7:31 PM. SIGNED Ct~lj2-tr~ ;)., t ( ,/F)11 /lrrk1f1 ATTEST: TITLE: TITLE: DATE: I-/Cj-{)l! DATE: / -' /r:D~ , "