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Home My WebLink About01-10-11 Meeting of the La Porte Development Corporation Board of Directors îðïïô Ö¿²«¿®§ ïð Ô¿ Ð±®¬» Û½±²±³·½ Ü»ª»´±°³»²¬ Ý±®°±®¿¬·±² Ð®»»²¬¿¬·±² ¬± ¬¸» Ý«®®»²¬ ÛÜÝ Ð®±¶»½¬ ß¼¼»¼ îôððð ´·²»¿® º»»¬ ±º ¾»¿½¸º®±²¬ ¬± Í§´ª¿² Þ»¿½¸ Ð¿®µ • ¬¸» Ì»¨¿ Ù»²»®¿´ Ô¿²¼ Ñºº·½» Ð±®¬ ±º Ø±«¬±² ß«¬¸±®·¬§ô ¬¸» Ý·¬§ ±º Ô¿ Ð±®¬»ô Ø¿®®· Ý±«²¬§ ¿²¼ Ö±·²¬ °®±¶»½¬ ±º ¬¸» Ë²·¬»¼ Í¬¿¬» ß®³§ Ý±®° ±º Û²¹·²»»®ô ¬¸» • Ý±³°´»¬»¼ ·² Ú»¾®«¿®§ô îðïð • üéððôððð óÚÇîððè • ÍÇÔÊßÒ ÞÛßÝØ ÎÛÒÑËÎ×ÍØÓÛÒÌ Ð®±¶»½¬æ °¿ª·´·±² ¿²¼ ±«²¼ §¬»³ òí ¿½®» °¿®µ ©·¬¸ º±«²¬¿·²ô ·¬¬·²¹ ¾»²½¸»ô °»®º±®³¿²½» ï • Þ«·´¬ ¿ ¿ ¹¿¬¸»®·²¹ °´¿½» º±® ¬¸» ½·¬·¦»² ±º ¬¸» ½·¬§ ±º Ô¿ Ð±®¬» • üíðìôïìï÷ üíôððìôïìï øüîòé ³·´´·±² ·²·¬·¿´´§ô ¬¸»² ¿¼¼»¼ ¿²±¬¸»® óÚÇîððç • Óß×ÒÍÌÎÛÛÌ ÎÛÊ×ÌßÔ×ÆßÌ×ÑÒ ßÒÜ ÌÑÉÒ ÐÔßÆß Ð®±¶»½¬æ ¬»²¬®¿²½» ¬± ¬¸» Ó¿·² Í¬®»»¬ ¼·¬®·½ Í»®ª» ¿ ¿ ¹¿¬»©¿§ º±® ¬¸» Ý·¬§ ±º Ô¿ Ð±®¬» ¿²¼ ¿ °®±³·²»²¬ • üëîëôððð ·² ÚÇîðïð÷ – üíîëôððð ·² ÚÇîððè – üèëðôððð ¬±¬¿´ • ÙßÌÛÉßÇ Ð®±¶»½¬æ Ñ²´§ ±²» »´·¹·¾´» ¿°°´·½¿²¬ ¬± ¼¿¬» • Ð±®¬»¬± ¬¸» Ý·¬§ ±º Ô¿ ß¼¼ ª¿´«» – ª··¬±®¿²¼ Í¬®»»¬ ¿°°»¿´ ¬± ²»© ¾«·²»» Û²¸¿²½» Ó¿·² – Þ»¿«¬·º§ Ó¿·² Í¬®»»¬ – Ð®±¶»½¬ ¹±¿´æ • Ü·¬®·½¬ ¬± ·³°®±ª» ¾«·´¼·²¹ º¿½¿¼» ¾«·²»» ·² ¬¸» Ó¿·² Í¬®»»¬ Ñª»®´¿§ Ó¿¬½¸·²¹ ¹®¿²¬ ±º «° ¬± üîëôððð º±® • üîððôðððóÚÇîðïð • ÛÒØßÒÝÛÓÛÒÌ ÙÎßÒÌ Ð®±¶»½¬æ Ý·¬§ ¿¬¬®¿½¬·±²º·²¼·²¹ ·¹²¿¹» º±® ª··¬±® ¬± óÉ·´´ °®±ª·¼» ©¿§ • üéëôðððóÚÇîðïð • ÜÑÉÒÌÑÉÒ Ü×ÍÌÎ×ÝÌ Í×ÙÒßÙÛ Ð®±¶»½¬æ Ñ®·¹·²¿´´§ ¿ ¶±·²¬ ª»²¬«®» ©·¬¸ ¬¸» Ý·¬§ ±º Ð¿¿¼»²¿ • ¿²¼ ¿ °·½²·½ ¿®»¿ ×²½´«¼» ¾¿»¾¿´´ ½±³°´»¨ô ©¿´µ·²¹ ¬®¿·´ô °´¿§¹®±«²¼ »¯«·°³»²¬ • Ñ°»²»¼ ·² Ö«²»ô îðïð • üïôêððôðððóîððé Ý»®¬·º·½¿¬» ±º Ñ¾´·¹¿¬·±² Þ±²¼ • ÞßÔÔÚ×ÛÔÜÍ ñ ÍÐÑÎÌÍ ÝÑÓÐÔÛÈ Ð®±¶»½¬æ º·²¿²½·¿´ ¿¼ª·±®§ô ¿²¼ ´»¹¿´÷ Ý±³³«²·¬§ Ô·¾®¿®§ ø·²½´«¼·²¹ ¿®½¸·¬»½¬«®¿´ô »²¹·²»»®·²¹ô Ð®±¶»½¬ ½±²·¬»¼ ±º ½±²¬®«½¬·²¹ ¿²¼ »¯«·°°·²¹ ¬¸» Ô¿ Ð±®¬» • Ú«²¼»¼ ·² Ó¿®½¸ô îððð • üíôðððôððð óÝ»®¬·º·½¿¬» ±º Ñ¾´·¹¿¬·±²ô Í»®·» îððð • ÝÑÓÓËÒ×ÌÇ Ô×ÞÎßÎÇ Ð®±¶»½¬æ ©¿§ ¿½¯«··¬·±²ó±ºóÝ·¬§ ±º Ô¿ Ð±®¬»æ Î·¹¸¬ – Ø¿®®· Ý±«²¬§æ Ð®±¶»½¬ Ü»·¹² – ëðñëð ¸¿®·²¹ ©·¬¸ Ø¿®®· Ý±«²¬§æ • Ó¿¶±® »¨¬»²·±² º®±³ Ú¿·®³±²¬ Ð¿®µ©¿§ ¬± Í°»²½»® Ø·¹¸©¿§ • ÚÇ îððí • üìôìððôðððóîððì Ý»®¬·º·½¿¬» ±º Ñ¾´·¹¿¬·±² Þ±²¼ • ÞßÇ ßÎÛß ÞÑËÔÛÊßÎÜ ÛÈÌÛÒÍ×ÑÒ ú ×ÓÐÎÑÊÛÓÛÒÌÍ Ð®±¶»½¬æ Ø¿®®· Ý±«²¬§ ¿´± °¿®¬·½·°¿¬»¼ • Ð±©»® ´·²» ¿¼¶«¬³»²¬ – Ð·°»´·²» ¿¼¶«¬³»²¬ – ©¿§ ¿½¯«··¬·±²ó±ºóÎ·¹¸¬ – Ó¿¶±® ½±³°±²»²¬æ • ¬± Í°»²½»® Ø·¹¸©¿§ Ü»·¹² ¿²¼ ½±²¬®«½¬·±² ±º Ý¿²¿¼¿ Î±¿¼ º®±³ Ú¿·®³±²¬ Ð¿®µ©¿§ • ÚÇ îððí • üïôçððôðððóîððì Ý»®¬·º·½¿¬» ±º Ñ¾´·¹¿¬·±² Þ±²¼ • ÝßÒßÜß ÎÑßÜ ÐßÊ×ÒÙ ßÒÜ ÜÎß×ÒßÙÛ Ð®±¶»½¬æ ïñëñîðïï Ð¿¹» ï ±º í etc. 501.059May have a corporate seal and can put that seal on contracts, Seal > EDC is not a political subdivision or a political corporation authorized by the City (economic development) act on behalf of the City for the specific public purpose autorized by State law 501.055> EDC is a constituted authority and an instrumentality, and may City Council is a governmental body established by City Charter, as Constituted Authority or Instrumentality projects corporation, but only for the purpose of carrying out authorized welfare of the public 501.054EDC has the powers, privileges, and function of a nonprofit City Council has broad powers to promote the safety and general General Powers, Privileges, and Functions > Net earnings are paid to the City corporation payment of expenses may not benefit an individual, firm or 501.053> Corporation is a nonprofit--e.g. net earnings remaining after Corporation Nonprofit; Net Earnings 501.052EDC is a nonmember, nonstock corporationCity Council is a governmental body / political subdivsion of StateForm of Entity many corporations as it deems necessary. resolution, and the municipality may authorize the creation of as 501.051EDC has no authority to create additional corporations Authority to create an EDC rests with the City. Must be done by Authority to create Development Corporation eminent domain, police power, etc.) to an EDC 501.010Does not have sovereign powersCity cannot delegate sovereign powers (e.g. power to tax, power of Delegation of Sovereign Powers Section 380.002 (Chapter 380 Agreement). > or money granted under a contract with a municipality under or partly finance or refinance a project; > revenue realized from a load made by the corporation to wholly > revenue realized from the lease or sale of a project; > bond proceeds; etc. 501.008Cannot incur a financial oblication that cannot be paid from: Has general discretion over use of finances, tax proceeds, bonds, Limitation of Financial Obligation Code Section 380.002 (Chapter 380 Agreement) Constitution Sec. 52-a, Article IIImoney to an EDC under a contract authorized by Tx. Local Gov't EDCs in connection with projects are authorized under Texas value, including to aid an EDC, except that it may grant public 501.007Grants, loans, expenditures, and tax exemptions authorized for May not lend its credit or grant public money or another thing of Lending Credit or Granting Public Money employment and the public welfare" business enterprises for the promotion and encouragement of cost of a project "...to promote and develop new and expanded 501.006 and 501.201May issue bonds to pay all or part of project costMay use the EDC to issue bonds on the City's behalf to finance the Use of Corporation to Finance Projects èäðÍÙÛÐõÍÆÈùÍØ×÷ÙÍÎÍÏÓÙø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎïÇÎÓÙÓÌÛÐõÍÆ×ÊÎÏ×ÎÈéÇÚÒ×ÙÈ éçïïûêãíöóè÷ïéì÷êèûóîóîõèíïçîóùóìûðóèó÷éûîø÷ùíîíïóùø÷æ÷ðíìï÷îèùíêìíêûèóíîé ùÔÛÌÈ×Ê ìÊÍÆÓÉÓÍÎÉõÍÆ×ÊÎÓÎÕø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎÉ ðÍÙÛÐõÍÆ×ÊÎÏ×ÎÈùÍØ× ïñëñîðïï Ð¿¹» î ±º í (LPEDC quorum is 4, per bylaws) or the number of directors established by a quorum in the bylaws 501.070> Quorum is the lesser of: a majority of the number of directors, Majority of members of City Council (Quorum equals 5 members)Action of Board; Quorum > Notice or waiver of notice of a board meeting is not required to meeting > Director's attendance constitutes a waiver of notice of the > May hold a special meeting with noticefourth week of each month Open Meetings Lawmembers, but does establish meetings to be held second and notice to members of the EDC board, but meetings subject to Charter silent as to requirment of notice of meetings to council 501.068> Board of directors may hold a regular meeting with or without Is subject to Open Meetings Law for all meetings of City Council; Board Meetings, Notice of Meeting > Retirement benefits coverage or through an interlocal agreement coverage under the City's policies or through self-funded > health benefits, liability, workers' compensation, and property benefits 501.067Corporation may obtain:Must give consent for EDC directors or employees to receive Insurance and Benefits which the director or officer is guilty of negligence or misconduct > EDC may NOT indemnify a director or officer for a matter in corporation's reciever or trustee court may assess indemnity against the corporatin or the insurance > If the EDC has not fully indemnified a director or officer, the actions/omissions on behalf of city also covered by city liability asserted against the director or officer (by action in court) immunity and/or sovereign immunity, Texas Tort Claims Act; necessary expenses and costs in connection with a claim protected from most legal claims by doctrines of legislative 501.066> EDC may indemnify a current or former director or officer for City Council members receive a salary, per City Charter; are Indemnification for expenses > Directors serve without compensation but can be reimbursed > City may remove a director for cause or at will terms are 3 years) > Directors serve for a terms of no more than six years (LPEDC directors appointed by the City's governing bodyserve for 3 year terms 501.062> All powers vested in a board consisting of three or more All powers vested in 9 member City Council, elected by citizens to Board of Directors (i.e. not in the name of the City) 501.060May sue and be sued, complain, and defend in its own name May sue and be sued, complain, and defend in its own name May Sue and Be Sued èäðÍÙÛÐõÍÆÈùÍØ×÷ÙÍÎÍÏÓÙø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎïÇÎÓÙÓÌÛÐõÍÆ×ÊÎÏ×ÎÈéÇÚÒ×ÙÈ éçïïûêãíöóè÷ïéì÷êèûóîóîõèíïçîóùóìûðóèó÷éûîø÷ùíîíïóùø÷æ÷ðíìï÷îèùíêìíêûèóíîé ùÔÛÌÈ×Ê ìÊÍÆÓÉÓÍÎÉõÍÆ×ÊÎÓÎÕø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎÉ ðÍÙÛÐõÍÆ×ÊÎÏ×ÎÈùÍØ× ïñëñîðïï Ð¿¹» í ±º í > EDC is exempt from tax imposed by Texas Tax Code Ch.171 501.075> EDC is a purely public charityIs exempt from taxationExemption from Taxation Government Code Section 2155.062(d) for purchasing EDC may also use the reverse auction procedures defined in the EDC is not prohibited from voluntarily following purchasing rules. advertise and bid sale of real estate under state law (since it is not a governmental body). However, state law for all acquisitions over $50,000.00, and must publically 501.074EDC is not subject to purchasing rules for competitive bidding City is subject to purchasing rules for competitive bidding under Purchasing all times > City is entitled to access the corporation's books and records at corporation and annually review financial statements 501.073> City will approve all programs and expenditures of the Supervision by Authorizing Unit the Texas Government CodeTexas Government Code 501.072Subject to open meetings law and the public information law of Subject to open meetings law and the public information law of the Open Meetings and Public Information èäðÍÙÛÐõÍÆÈùÍØ×÷ÙÍÎÍÏÓÙø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎïÇÎÓÙÓÌÛÐõÍÆ×ÊÎÏ×ÎÈéÇÚÒ×ÙÈ éçïïûêãíöóè÷ïéì÷êèûóîóîõèíïçîóùóìûðóèó÷éûîø÷ùíîíïóùø÷æ÷ðíìï÷îèùíêìíêûèóíîé ùÔÛÌÈ×Ê ìÊÍÆÓÉÓÍÎÉõÍÆ×ÊÎÓÎÕø×Æ×ÐÍÌÏ×ÎÈùÍÊÌÍÊÛÈÓÍÎÉ ðÍÙÛÐõÍÆ×ÊÎÏ×ÎÈùÍØ×