08-22-12 Meeting of the La Porte Redevelopment Authority

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La Porte Redevelopment Authority, City of LaPorte, Texas Minutes of the Board Meeting Held August 22, 2012 1. Call to order — Doug Martin, Vice President The Board of Directors of the La Porte Redevelopment Authority, City of LaPorte, Texas, held a meeting, open to the public, on the 22°d day of August, 2012; the meeting was called to order at 6:42 p.m. in the City Council Chambers of the City council conference Room, 604 West Fairmont Parkway, La Porte, Texas; and the roll was called of the duly appointed members of the Board, to wit: Peggy Antone Position 1 Dave Turnquist Position 2 Alton Porter Position 3 Horace Leopard Position 4 Doug Martin Position 5 JJ Meza Position 6 Lloyd Graham Position 7 Chester Pool Position 8 Lin Pfeiffer Position 9 - Chairman and all of the above were present except Directors Graham and Pfeiffer, thus constituting a quorum. Also present at the meeting were Stacey Osborne, Corby Alexander, representative of National and Bill Calderon. 2. Consider approval of the minutes of Board of Directors Meeting held on April 4, 2012. Upon motion made by Director Pool, seconded by Director Porter, the board voted unanimously to approve minutes as presented. 3. Receive and consider report regarding distribution of tax increment funds in accordance with approved development agreements. Mr. Calderon reviewed the report with the board and responded to questions and comments from the board. There was specific discussion with regard to the calculation of the city's 5% city services fee. Upon motion made by Director Pool, seconded by Director Turnquist, the board voted unanimously to approve the funds distribution. 4. Receive and consider Redevelopment Authority's FY 2012-13 Budget Mr. Calderon reviewed the proposed budget with the board and answered questions. Upon motion made by Director Antone, seconded by Director Turnquist, the board voted unanimously to approve the FY 2012 —13 Budget