05-24-06 Meeting of the La Porte Redevelopment Authority Minutes

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6. CONSIDER APPROVAL OR OTHER ACTION REGARDING THE RENEWAL OF THE AGREEMENT FOR SERVICES BY AND BETWEEN THE CITY OF LA PORTE, TEXAS, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS AND THE LA PORTE REDEVELOPMENT AUTHORITY Mr. Joerns gave an overview of the renewal for services. It pointed out that is was the same terms and conditions as previously approved by the board. Upon a motion duly made by Director Antone and being seconded by Director Leopard, the board unanimously approved the Agreement for Services as presented. 7. CONSIDER APPROVAL OR OTHER ACTION REGARDING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS ("LAPORTE ZONE") AND LA PORTE REDEVELOPMENT AUTHORITY ("LA PORTE AUTHORITY") AND THE CITY OF LA PORTE, TEXAS (THE "CITY") FOR THE DESIGN AND CONSTRUCTION OF THE SOUTHEAST SANITARY SEWER TRUNK MAIN AND LIFT STATION FACILITIES Mr. Joerns gave the board an over of the proposed Development Agreement for the design and construction of the southeast sanitary sewer trunk main and lift station facilities. The board has had numerous briefings with regard to this proposed project over the past two years. Upon a motion duly made by Director Pool and being seconded by Director Turnquist, the board unanimously approved the Development Agreement as presented. 8. CONSIDER APPROVAL OR OTHER ACTION REGARDING A UTILITY EXTENSION AGREEMENT BY AND BETWEEN THE REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS ("LA PORTE ZONE") AND LA PORTE REDEVELOPMENT AUTHORITY ("LA PORTE AUTHORITY") AND THE CITY OF LA PORTE, TEXAS (THE "CITY"), AND 65 LA PORTE, LTD., A TEXAS LIMITED LIABILITY PARTNERSHIP (THE "DEVELOPER") Mr. Joerns gave the board an over of the project and the Utility Extension Agreement. Upon a motion duly made by Director Antone and being seconded by Director Say, the board unanimously approved the Utility Extension Agreement as presented. 9. CONSIDER APPROVAL OR OTHER ACTION REGARDING A DEVELOPMENT AGREEMENT BY AND BETWEEN THE REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS ("LA PORTE ZONE") AND LA PORTE REDEVELOPMENT AUTHORITY ("LA PORTE AUTHORITY") AND THE CITY OF LA PORTE, TEXAS (THE "CITY") AND PORT CROSSING LAND, L.P. (THE "DEVELOPER") Mr. Joerns introduced Mr. Russell Plank (Developer). Mr. Plank gave the board a complete review of the 300 acre light industrial/warehouse development project. He detailed the utility plan as well as the plan for vertical construction and timing of both and expected value. He responded to board members' questions with regard to detention and other regional matters. Upon a motion duly made by Director Porter and being seconded by Director Turnquist, the board unanimously approved the Development Agreement as presented. 10. RECEIVE REPORT FROM DAVID HAWES ON THE PROPOSED PUBLIC IMPROVEMENT DISTRICT NUMBER ONE Mr. Hawes gave a brief report on the status of the Public Improvement District and answered board �' members' questions. No action was taken on this board item.