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McCALL GIBSONS%TDLUND BARFOOTPLLC <br />Certified Public Accountants <br />13100 Worthatn Center Drive <br />Suite 235 <br />9600 Great Hills Trail <br />Houston, Texas 77065-5610 <br />Suite 150W <br />(713) 462-0341 <br />Austin, Texas 78759 <br />Fax (713) 462-2708 <br />(512) 610-2209 <br />E-Mail., Mgsb@mgLbpllc.com <br />wtom nusb0c.cont <br />November 8, 2017 <br />Board of Directors <br />La Porte Redevelopment Authority <br />City of La Porte, Texas <br />Harris County, Texas <br />Independent Accountant's Rg art <br />on ApPlying_A eed-Upon Procedures <br />suaj,6�Cl)&OFT <br />CNgNGE <br />We have performed the procedures enumerated below, which were agreed to by the Board of <br />Directors of the La Porte Redevelopment Authority (the "Authority"), solely to assist you with <br />respect to the Construction, Engineering and Related Costs to be paid by the City of LaPorte, <br />Texas Reinvestment Zone No. 1 to Liberty Property Limited Partnership ("Developer"), as set <br />forth in the accompanying schedule. The responsible parties for this report are the intended users <br />of the report. The below listed procedures were performed solely to assist you in determining <br />the amount to be reimbursed to the Developer involved, and to facilitate the preparation of a <br />comparison of the actual costs incurred with the Capital Improvement Budget as documented as <br />Exhibit B in the Public Improvement Development Agreement. <br />This agreed -upon procedures engagement was conducted in accordance with attestation <br />standards established by the American Institute of Certified Public Accountants. The sufficiency <br />of the procedures is solely the responsibility of the Board of Directors of the Authority. <br />Consequently, we make no representation regarding the sufficiency of the procedures either for <br />the purpose for which this report has been requested or for any other purpose. The procedures <br />performed are summarized as follows: <br />A. We reviewed certain schedules and supporting invoices submitted by the Developer in <br />substantiation of the costs to be reimbursed. Our review included all documentation <br />supporting items, amounts, and proof of payment for which reimbursement is <br />requested. In addition, we reviewed all agreements relative to the reimbursement <br />request. <br />B. We calculated the Developer's interest based upon the terms of the Reinvestment Zone <br />Number One, City of LaPorte, Texas ("La Porte Zone") agreements with the <br />Developers listed in the report. <br />Member of <br />American Instihtte of Certified PublicAccotnttants <br />Texas Society of Certified Public Accountants <br />