08-04-04 La Porte Redevelopment Authority Meeting minutes

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La Porte Redevelopment Authority City of La Porte, Texas Minutes of the Board Meeting Held August 4, 2004 1. CALL TO ORDER AJ'ID DETERMINATION OF A QUORUM The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a meeting, open to the public, on the 4th day of August 2004, 6:30 p.m. in Council Chambers at the City Hall, 604 West Fairmont Parkway, La Porte, Texas 77572-1115 and the roll was called of the duly appointed members of the Board, to wit: Peggy Antone Paul Larson Alton Porter Horace Leopard Norman S. Cook Lindsey Pfeiffer Molly Helmlinger Chester Pool 11 Meza Position I Position 2 Position 3 - Chairman Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 and all of the above were present except Director Antone and Director Pfeiffer, thus constituting a quorum. Also present at the meeting were John Joerns, David Hawes, and Scott Bean. A quorum having been established, Chairman Porter called the meeting to order at 6:40 p.m. 2. CONSIDER APPROVAL OF THE MINUTES OF THE MAY 5,2004 BOARD OF DIRECTORS MEETING Upon a motion duly made by Director Helmlinger and being seconded by Director Leopard, the board voted unanimously to approve the minutes of the May 5, 2004 board of directors meeting. 3. REVIEW AND APPROVE RENEWAL OF SERVICE AGREEMENT BY AND BETWEEN THE CITY OF LA PORTE, TEXAS, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, LA PORTE, TEXAS AJ'ID THE LA PORTE REDEVELOPMENT AUTHORITY, LA PORTE, TEXAS John Joerns briefed the board on this item. Director Helmlinger inquired as to how much is spent annually on the administration of the Zone and Redevelopment Authority. Mr. Joerns noted that it is a modest amount, with approximately $6,000 being spent last year. Upon a motion duly made by Director Helmlinger and being seconded by Director Pool, the board voted unanimously to approve the agreement. 4. RECEIVE AJ'ID TAKE APPROPRIATE ACTION ON DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF LA PORTE, TEXAS, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, LA PORTE, TEXAS AND THE LA PORTE REDEVELOPMENT AUTHORITY, LA PORTE, TEXAS AND ARETE REAL ESTATE AND DEVELOPMENT David Hawes briefed the board on this item. Mr. Hawes reviewed TIRZ policies for other cities and referenced the analysis that contained different levels of reimbursement that typically occur in MUDs and TIRZs. Mr. Hawes noted that staff was recommending 100% reimbursement for all off-site improvements and oversizing of utilities, and 35% reimbursement for internal utilities. Director Pool inquired as to how the La Porte policy compares to other TIRZs with regard to reimbursement. Mr. Hawes responded that the La Porte policy is more restrictive in general. Chairman Porter and John Joerns led a discussion on previous TIRZ proposals that contributed to La Porte's conservative policy. Mr. Joerns provided a brief history of the property and project that is the subject of the development agreement before the board. There was general discussion on the matter.