12-17-08 Meeting of the La Porte Redevelopment Authority Minutes

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La Porte Redevelopment Authority, City of La Porte, Texas Minutes of tbe Board Meeting Held December 17,2008 J. CALL ro ORDER AND DETERMINAnON Of QUORUM The Board of Directors of the La Porte RedeveJopment Authority, City of La Porte, Texas, held a meeting, open to the public, on the 17th day of December 2008; the meeting was called to order at 6:30 p.m. in the City Council Chambers of the City Hall, 604 West Fainnont Parkway, La Porte, Texas; and the roll was called of the duly appointed members of the Board, to wit Peggy Antone Dave Turnquist Alton Porter Horace Leopard Doug Martin JJ Meza Michael Say Chester Pool Un Pfeiffer Position 1 Position 2 Position 3 Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 - Chainnan and all of the above were present except Directors Antone, Say and Pfeiffer, thus constituting a quorum. Also present at the meeting were Ed Sadberry (Jeffery Harrington Homes); Pat Hogan (ML Realty Partners); Russell Plank (Port Crossing); Jim Larson (Lakes at Fainnont Greens); John Joerns, Debbie Westbeld and Tim Tietjens (City of La Porte); Susan Hill and Scott Bean (Hawes Hill Calderon LLP). Vice Chainnan Martin called the meeting to order at 6:33 p.m. 2. CONSIDERPUBUC R1GHTOFWAY IMPROVEAfENTANDFUNDINGAGREEAfENTBY AND BETWEEN PORT CROSSING LAND, LP, A TEXAS LIMITED PARTNERSHIP ("PORT CROSSING"), AND 65 LA PORTE, LTD., A TEXAS LIMITED PARTNERSHIP ("65 LA PORTE"), THE LA PORTE REDEVELOPMENT AUmORI1Y, AND mE LA PORTE TAX INCREMENT REINVESTMENT ZONE # 1 ("TlRZ"). Mr. Joems reviewed the history of the project and components of the proposed agreement to improve the public rights-of-way for the Port Crossing and 65 La Porte tracts. The board discussed the details of funding arrangements, timing of the construction and related matters. Upon motion made by Director Pool, seconded by Director Turnquist, the board voted unanimously to approve execution of the funding agreement as presented. 3. CONSIDER 8TH TIRZ DRAW AND GENER..\L CONTRACTOR STATEMENTS AND THE SWORN STATEMENTS FOR 'Om PORT CROSSING LAND LP FOR THE PERIOD ENDING SEPTEMBER 30, 2008. Mr. Bean went over the purpose of the proposed draw and related documents. Upon motion made by Director Meza, seconded by Director Porter, the board voted unanimously to approve the 8th TIRZ draw and accept the statements for the Port Crossing Land LP for the period ending September 30, 2008.