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Home My WebLink About02-13-12 Meeting of the La Porte Development Corporation Board of Directors RICHARD WARREN,PRESIDENT MIKE CLAUSEN, BOARD MEMBER BOB PIZZITOLA, VICE PRESIDENTRANDY WOODARD, BOARD MEMBER JOHN ZEMANEK, BOARD MEMBERNANCY OJEDA, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER CITY OF LA PORTE DEVELOPMENT CORPORATION MEETING AGENDA Notice is hereby given of a meeting of theCity of La Porte Development Corporation to be held on February 13,2012, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00p.m .to consider the followingitems of business: 1. Call to order 2. Consider approval ofminutesof the meeting of La Porte Development CorporationBoard held on January 9, 2012–P. Fogarty 3. Consider approval or other action to authorizethe City Attorney to initiate legal proceedings against East A Developments, LP 1 and/or Garson Silvers, individually, for the collection of all amounts due to the City of La Porte Development Corporation Board–S.Gillett 4. Set date for next meeting–S. Osborne 5. Staff Reports (a)Receive Financial Report –M. Dolby 6 .Board member commentsregarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiryof staff regarding specific factual information or existing policies. 7. Executive Session–The La Porte Development Corporation reserves the right to meet in executive session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, Title 5, Chapter 551, of the Texas Government Code. 8. Reconveneinto regular session and consider action, if any, on items discussed in executive session. 9. Adjourn In compliance with the Americans with Disabilities Act, the City of La Porte City will provide for reasonable accommodations for persons attending publicmeetings. To better serve attendees, requests should be received 24 hours prior to the meetings. Please contact Patrice Fogarty, City Secretary, at 281.470.5019. CERTIFICATION I certify that a copy of the February 13, 2012, agenda of items to be considered by the Board of the La Porte Development Corporation was posted on the City Hall bulletin Boardon February 7, 2012. _________________________________ Patrice Fogarty,City Secretary Page 1of 1 February 13, 2012, La PorteDevelopment Corporation Agenda RICHARD WARREN,PRESIDENT MIKE CLAUSEN, BOARD MEMBER BOB PIZZITOLA, VICE PRESIDENTRANDY WOODARD,BOARDMEMBER JOHN ZEMANEK, BOARD MEMBERNANCY OJEDA, BOARD MEMBER CHUCK ENGELKEN, BOARD MEMBER MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF JANUARY 9, 2012 Monday,January 9, 2012, The City of La Porte Development Corporation Board met onat the City Hall 5:00p.m Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at .to consider the following items of business: 1.Call to Order President Warren called the meeting to order at 5:00p.m. The following members of the La Porte Development Corporation Boardwere present: Vice President Pizzitola,Board members Ojeda, Woodard and Zemanek.Members of the La Porte DevelopmentCorporationBoard absent: Board members Clausen and Engelken. Staff Present:Steve Gillett, Traci Leach,StaceyOsborne,Patrice Fogarty,Michael Dolby, and Assistant City Attorney ClarkAskins. 2.Consider approval of Minutes of the La Porte Development Corporation Boardheld on December 12, 2011 –P. Fogarty BoardmemberZemanek moved to approve the minutes as presented. Vice President Pizzitola MOTION PASSED. seconded. Ayes:President Warren, Vice President Pizzitola, Board members Ojeda, Woodard, and Zemanek Nays:None Absent:Board members Clausen and Engelken 3.Consider approval or other action regarding funding of the Main Street District enhancement program grant awarded to Don Hulen/Real Cheap Tools in the amountof $25, 000–S. Osborne Economic Development Coordinator Stacey Osborne presented a summary. BoardmemberZemanek moved to award funding of the Main Street District enhancement program grant award to Don Hulen/Real Cheap Tools in the amount of $25,000.Board member Woodard MOTION PASSED. seconded. Ayes:President Warren, Vice President Pizzitola, Board members Ojeda, Woodard, and Zemanek Nays:None Absent:Board members Clausen and Engelken Page 1of 2 January 9, 2012, La Porte Development Corporation Board Minutes 4.Set date for next meeting –S. Osborne Board members set the next meeting date forMonday,February 13, 2012, at 5:00 p.m. 5.Staff Reports (a) Receive Financial Report –M. Dolby Finance Director Michael Dolby provided the board a Financial Report.Board member Woodard requested information for 2011 monthly revenue sales taxes. Board member Zemanek requested information for 2011 monthly expenditures. Finance Michael Dolby informedthe Board thatthe information requested would be providedon future reports. 6.Board Comments: Boardmember Zemanek requested an agenda item added at the next meeting to discuss the outstanding loan of Garson Silvers with East “A” Development. Board member Woodard informed he will send an email advising Economic Development Coordinator Stacey Osborne to exclude the RadioProjectbecause there is no longer anyone to run the project. The person he was working with is moving to Corpus Christi. 7.Executive Session There was no executive session. 8.Reconvene There was no executive session. 9.Adjournment There being no further business, Board member Ojeda moved to adjourn the meeting.Board member Woodard seconded.The meeting was adjourned at 5:15 p.m. Respectfully submitted, ____________________________________ Patrice Fogarty, City Secretary th Passed and approved on this13dayofFebruary,2012. ____________________________________ President RichardWarren Page 2of 2 January 9, 2012, La Porte Development Corporation Board Minutes REQUEST FOR LA PORTE ECONOMIC DEVELOPMENT CORPORATION AGENDA ITEM Appropriation Agenda Date Requested:2/13/12 Source of Funds: Requested By:Stacey Osborne Account Number: Department:CMO Amount Budgeted: Report:Resolution:Ordinance: Amount Requested: Exhibits:Askins Legal Report Budgeted Item:YES NO Timeline of Events SUMMARY & RECOMMENDATION At the meeting of the EDC Board of Directors on January 9, 2012, Councilman Zemanek requested an agenda item for this evening’s meeting to discuss and take action, if appropriate, to recoup the amounts due to the City of La Porte from East A Developments LP and/or Garson Silvers for the tank removal during the construction of the Five Points Town Plaza. Mr. Gillett will give a presentation outlining the timeline of events and the actions that have been taken up to this point. City Attorney Knox Askins will also be on-hand to answer any legal questions. Exhibits include the timeline of events, as outlined in the 2011 forensic audit of Plaza Activities and a collectionsreport letter on East A Developments, LP, from Mr. Askins. After discussing the issues, the Board is asked to consider approval or other action authorizing the City Attorney to initiate legal proceedings against East A Developments, LP 1 and/or Garson Silvers, for the collection of all amounts due to the City of La Porte Development Corporation. Action Required by Economic Development Corporation: Consider approval or other action authorizing the City Attorney to initiate legal proceedings against East A Developments, LP 1 and/or Garson Silvers, for the collection of all amounts due to the City of La Porte Development Corporation. Approved for La Porte Development Corporation Agenda Steve Gillett, City Managerdate Fund 038 - Section 4B Sales Tax Balance Sheet Combined Assets 101.01-00Pooled Cash$1,831,516.62 113.00-00Accrued Interest484.88 114.10-00Sales Tax Accrual- 114.33-00Miscellaneous32,258.00 Total Assets1,864,259.50 Liabilities 202.00-00Accounts Payable392.85 202.01-02Wages Payable- 202.13-06Accounts Payable Accrual- 213.31-00Defferred Revenues32,258.00 Total Liabilities32,650.85 Fund Equity 345.00-00Reserve for Encumbrances36,372.50 371.01-02Reserved for Debt Service622,692.00 371.02-02Unreserved/Undesignated1,020,543.76 Fund Balance152,000.39 Total Fund Equity1,831,608.65 Total Liabilities & Fund Equity$1,864,259.50 Working Capital (Current Assets - Current Liabilities)$1,831,608.65 This is an Unaudited Statement. City of La Porte La Porte Development Corporation (038) Fund Summary (Section 4B Sales Tax) FY 2011-12FY 2010-11 Unaudited Beginning Fund Balance 9/302,125,2241,639,258 Plus Year to Date Revenues: 1/2 Cent Sales Tax282,707238,008 Interest Income9321,699 Total Revenues283,639239,707 Equals Total Resources2,408,8631,878,965 Less Year to Date Expenditures: Payroll17,97324,124 Supplies439566 Services & Charges (Memberships, Training, Advertising, Legal, Utilities)59,33734,084 * Debt Service Transfer220,113207,564 Capital Projects Transfers323,333118,333 ** Total Expenditures621,194384,671 Estimated Year to Date Fund Balance$1,787,668$1,494,294 (IFX7IVZMGI4E]QIRXWJSV0MFVEV]&E]%VIE&SYPIZEVH 'EREHE6SEHERH&EPPJMIPHW 'ETMXEP4VSNIGX8VERWJIVWEVIJSVXLI0SQE\6SHIS%VIRE-QTVSZIQIRXW(SK4EVO4PE]KVSYRH 6IRSZEXMSRW+SPJ'SYVWI&EXLVSSQWERHXLIVIQEMRMRK SJXLIFYPOLIEHJYRHMRK