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05-27-09 LPRDA/TIRZ
Agendas and Agenda Materials Meetings of the Boards of Directors La Porte Redevelopment Authority La Porte Tax Increment Reinvestment Zone -May 27, 2009 E LA PORTE REDEVELOPMENT AUTHORITY STATE OF TEXAS )( COUNTY OF HARRIS )( CITY OF LA PORTE )( NOTICE IS HEREBY GIVEN OF THE MEETING OF THE LA PORTE REDEVELOPMENT AUTHORITY TO BE HELD ON May 27, 2009 AT 6:30 P.M. IN CITY COUNCIL CHAMBERS, CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS, REGARDING THE ITEMS OF BUSINESS ACCORDING TO THE AGENDA LISTED BELOW: 1. Call to order — Lindsey Pfeiffer, President; 2. Consider approval of the minutes of the February 11, 2009 Board of Directors meeting 3. Consider Agreed -Upon Procedures Report with regard to project costs incurred by Port Crossing Land, LP, a Texas limited partnership; 4. Consider Reimbursement to Port Crossing Land, LP, a Texas limited partnership based upon accepted Agreed - Upon Procedures Report with regard to project costs, 5. Consider payment to City of LaPorte in the amount of $100,000 for TIRZ and Redevelopment Authority start- up costs � dz� t r �A 6. Consider approval or other action with regard to authority invoices, 7. Receive Staff report and updates with regard to Port Crossing, Lakes on Fairmont Green, Retreat at Bay Forrest Development Project, progress of the signal/paving project, and status of audit; 8. Board member comments a. Matters appearing on Agenda; 9. Adj ournment. THIS FACILITY HAS DISABILITY ACCOMMODATIONS AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETIVE SERVICES AT MEETINGS SHOULD BE MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT THE CITY SECRETARY'S OFFICE AT 281-471-5020 OR TDD LINE 281-471-5030 FOR FURTHER INFORMATION. A POSSIBLE QUORUM OF CITY COUNCIL MEMBERS MAY BE PRESENT AT THIS MEETING AND PARTICIPATE IN DISCUSSIONS BUT WILL NOT TAKE ANY ACTION. David W. Hawes Executive Director E LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 2. Consider approval of the minutes of the February 11, 2009 Board of Directors meeting. E LA PQRTE REDEvCLopmENT AirmoRrrY a/o Hawes Hill Calderon LLP P.Q. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-541-9906 La Porte Redevelopment Authority, City of LaPorte, Texas Minutes of the Board Meeting Held February 11, 2009 1, CALL TO ORDER AND DETERMINATION OF QUORUM The Board of Directors of the LaPorte Redevelopment Authority, City of LaPorte, Texas, held a meeting, open to the public, on the I Ith day of February 2009; the meeting was called to order at 6:30 p.m. in the City Council Chambers of the City Hall, 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, thus constituting a quorum. Also present at the meeting were Russell Plank (Port Crossing); John Joerns, Debbie Westbeld and David Hawes. Chairman Pfeiffer called the meeting to order at 6:32 p.m. and introduced new board member Lloyd Graham newly appointed board member from La Porte Independent School District. 2. CONSIDER APPROVAL OF THE MINUTES OF THE DECEMBER 17, 2008 BOARD OF DIRECTORS MEETING. Upon motion made by Director Pool, seconded by Director Meza, the board voted unanimously to approve the minutes as presented. 3. CONSIDER CONTRACT BY AND BETWEEN DURWOOD GREENE CONSTRUCTION COMPANY, THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE FOR THE CONSTRUCTION OF INTERSECTION IMPROVEMENTS AT SH 146 AND WHARTON WEEMS BLVD. IN THE AMOUNT OF $304,869. Mr. Hawes and Mr. Joerns went over the purpose of the proposed contract and related documents. Upon motion made by Director Turnquist, seconded by Director Leopard, the board voted unanimously to approve the contract for the construction of intersection improvements at SH 146 and Wharton Weems Blvd. i 4. CONSIDER AMENDMENT TO EXHIBIT B (THE TIRZ IMPROVEMENTS) OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN 65 LA PORTE, LTD., A TEXAS LIMITED PARTNERSHIP ("65 LA PORTE"), THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. 5. CONSIDER AMENDMENT TO EXHIBIT B (THE TIRZ IMPROVEMENTS) OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN PORT CROSSING LAND, LP, A TEXAS LIMITED PARTNERSHIP ("PORT CROSSING"), THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. Items Four and Five were considered together. Mr. Hawes and Mr. Joerns went over the purpose of the amendments to Exhibit B of the Development Agreements as related to the construction of the intersection at SH 146 and Wharton Weems Blvd. Upon motion made by Director Antone, seconded by Director Meza, the board voted unanimously to approve the amendments to Exhibit B of each developer Development Agreement. 6. RECEIVE REPORT WITH REGARD TO LA PORTE INDEPENDENT SCHOOL DISTRICT (ISD) PURCHASE OF 20 ACRES WITHIN THE BOUNDARIES OF THE ZONE. Mr. Joerns informed the board with regard to the La Porte ISD purchase of 20 acres within the TIRZ boundaries and discussed the tax revenue consequences. Mr. Graham also informed the board of related matters. No action was required or taken by the board of directors. ' 7. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO AUTHORITY INVOICES. Mr. Hawes presented the cash flow report and invoices. Upon motion made by Director Turnquist, seconded by Director Pool, the board voted unanimously to approve the report and invoices for payment as presented. S. RECEIVE STAFF REPORT AND UPDATES WITH REGARD TO PORT CROSSING, LAKES ON FAIRMONT GREEN, AND RETREAT AT BAY FORREST DEVELOPMENT. There were no reports or updates. .e 9. ADJOURNMENT. Director Pool moved to adjourn; Director Turnquist seconded. The meeting adjourned at 6:58 PM. e SIGNED: TITLE: DATE: ATTEST: TITLE: ATE: LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials Consider Agreed -Upon Procedures Report with regard to project casts incurred by Port Crossing Land, LP, a Texas limited partnership. PJ LA PoRTE REDEVELOPMENT AuTHoRrrY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-395-1200 or FAX 713-541-9906 LA PORTE REDEVELOPMENT AUTHORITY REPORT ON APPLYING AGREED -UPON PROCEDURES TO CONSTRUCTION, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPED.) MAY 27, 2009 g T SUBJECT TO CAGE McCALL, GMSON & COW,4NY, PLLC Certified Public Accountants TMS PAGE INTENTIONALLY LEFT BLANK I I LA PORTE REDEVELOPMENT AUTHORITY REPORT ON APPLYING AGREED -UPON PROCEDURES TO CONSTRUCTION; ENGINEERING AND RELATED COSTS REBOURS,A.BLE TO PORT CROSSING LAND, LP (DEVELOPER) MAY 27, 2009 r I E TABLE OF CONTENTS SCHEDULE INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED -UPON PROCEDURES SCHEDULE OF CONSTRUCTION, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPER) A SCHEDULE COMPARING ACTUAL REIMBURSABLE COSTS WITH EXHIBIT C OF PUBLIC IMPROVEMENT DEVELOPMENT AGREEMENT B McCALL, GIBSON & C4WANY, PLLC Certified Public Accountants 13831 Northwest Fmnj. 7801 N. Capifal of Texas Hwy. Suite 610 suite 350 Hmusfon, 'Texas 77040-5216 Austin, Texas 78731-1169 (713) 462-0.341 (512) 418-2358 Fax (723) 462-2705 Fax: (512) 340-0604 E-Mail_ 7n2ELl ibsotz@rriccallgLksorr.com Board of Directors La Porte Redevelopment Authority City of La Porte, Texas Harris County, Texas Ind endent Accountant's R ort on A 1 A eed- U on Procedures May 27, 2009 DRA SwrECT TO COS We have performed the procedures enumerated below, which were agreed to by the Board of Directors of the La Porte Redevelopment Authority (the "Authority"), solely to assist you with respect to the Construction, Engineering and Related Costs to be paid by the City of La Porte Tax Increment Reinvestment Zone to Port Crossing Land, LP ("Developer") as of May 27, 2009, as set forth in the accompanying schedule. The below listed procedures were performed solely to assist you in determining the amount to be reimbursed to the Developer involved and to facilitate the preparation of a comparison of the actual costs incurred with the Capital Improvement Budget as documented as Exhibit B in'the Public Improvement Development Agreement. This agreed upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the responsibility of the Board of Directors of the Authority. Consequently, we make no representation regarding the sufficiency of the procedures either for the purpose for which this report has been requested or for any other purpose. The procedures performed are summarized as follows: A. We reviewed certain schedules and supporting invoices submitted by the Developer in substantiation of the costs to be reimbursed. Our review included all documentation supporting items, -amounts, and proof of payment for which reimbursement is requested. In addition, we reviewed all agreements relative to the reimbursement request. B. We calculated the Developer's interest computations based upon the terms of the Reinvestment Zone Number One, City of La Porte, Texas ("La Porte Zone") agreement with the Developer for interest in accordance with the agreement dated May 24, 2006. Member of American Institute of Cernjied Public Accountants Texas Society of Certified Public Accountants La Porte Redevelopment Authority I � May 27, 2009 L� Page 2 SU EEOT TO CHANGE C. We verified the mathematical accuracy of the engineering invoices greater than $5,000.00. We tested the completeness of the engineering invoices based upon the total engineering invoices billed. D. We reviewed the computation of certain costs to gain assurances that the amounts required to be paid 100% by the Developer, in accordance with the Public Improvement Development Agreement, are deleted from the amounts to be reim- bursed. E. For construction contracts, we footed the final pay estimates and calculated extensions for any line item greater than $5,000.00. F. We obtained verbal confirmation from W.T. Byler and Palcon Construction and Design that the construction contracts have been paid in full and that there are no additional claims against the La Porte Zone or Developer. Additionally, we obtained verbal confirmation from Angel Brothers Enterprises, Ltd. that costs paid to date by the Developer for the Port Crossing — Infrastructure Development Project totaled $6,616,616.10, however, we also confirmed that retainage is still outstanding. We were unable to contact HLS Enterprises of Texas, Inc. and J. J. & R. Electric, Inc. G. We prepared a reimbursement report for the benefit of the Reinvestment Zone including the accountant's report and schedule of amounts reimbursable to the Developer and have compared the amounts in the operating and capital improvement budgets with the actual reimbursable costs to complete the projects. H. We attended a meeting to present the report, and were available to answer questions relating to the report. The attached Schedule A titled "Schedule of Construction, Engineering and Related Costs Reimbursable to Port Crossing Land, LP (Developer)", sets forth their reimbursable costs. This reimbursement is in accordance with the terms and conditions of the Development Agreement by and among the Reinvestment Zone Number One, City of La Porte, Texas, La Porte Redevelopment Authority and Port Crossing Land, LP dated May 24, 2006. Port Crossing Land, LP originally submitted schedules and invoices totaling $10,776,539.64. We have revised the reimbursable amount to $1.2,096,487.64 including interest calculated through May 27, 2009. The following changes were mach to the original schedule: A. We calculated interest through May 27, 2009 at the prime commercial lending rate of J. P. Morgan Chase Bank. That resulted in an increase of $1,3 60,327.49. B. We deducted $25,000.06 for construction costs for Port Crossing Infrastructure Development for pay estimate number fourteen, which has not been paid by the Developer. La Porte Redevelopment Authority May 27, 2009 Page 3 C. We deducted $957.00 for sales taxes on costs for landscaping for the Port Crossing Site. The Authority is not subject to paying sales taxes. D. We deducted $42.49 for sales tax for engineering fees for general consultation. The Authority is not subject to paying sales taxes. E. We deducted $4,680.00 for a correction to an engineering invoice for Port Crossing Drainage Study Amendment. In addition, we deducted $9,700.00 for a correction to an engineering invoice for Port Crossing Overall Fill -- Stockpile Plan. According to the Public Improvement Development Agreement, the Developer is to be paid interest on the reimbursable amount at the prime commercial lending rate of J. P. Morgan Chase Bank per annum. The following details the interest rates used for the periods included. Prime Dates Rate December 13, 2005 to January 30, 2006 7.25% January 31, 2006 to March 27, 2006 7.50% March 28, 2006 to May 9, 2006 7.75% May 10, 2006 to June 28, 2006 8.00% June 29, 2006 to September 17, 2007 8.25% September 18, 2007 to October 30, 2007 7.75% October 31, 2007 to December 10, 2007 7.50% December 11, 2007 to January 21, 2008 7.25% January 22, 2008 to January 29, 2008 6.50% January 30, 2008 to March 17, 2008 6.00% March 18, 2008 to April 29, 2009 5.25% April 30, 2008 to October 7, 2008 5.00% October 8, 2008 to October 28, 2008 4.50% October 29, 2008 to December 15, 2008 4.00% December 16, 2008 to May 27, 2009* 3.25% *Assumes no change in prime rate UK LUE CT TO CK44GE LaPorte Redevelopment Authority May 27, 2004 Page 4 We were not engaged to and did not conduct an audit, the objective of which would be the expression of an opinion on the aforementioned reimbursable costs. Accordingly, we do not express such an opinion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. This report is intended solely for the information and use of the Board of Directors and is not intended to be and should not be used by anyone other than this specified party. However, this report is a matter of public record and its distribution is not limited. This report should not be associated with the presentation of any financial data of the District except to comply with filing requirements as specified by the parties to the agreement. Mca , Gibson & Company, PLLC Certified Public Accountants 2009 A.UP E LAPORTE REDEVELOPMENT AUTHORITY SCHEDULE OF CONSTRUCTION, ENGINEERWO AND RELATED COSTS REINOURSABLE TO PORT CROSSING LAND, LP (DEVELOPER) May 27, 2009 (SEE ACCON PANYING DISCLAWER OF OPINION AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) DESCRIPTION TOTAL Angel Brothers Enterprises, Ltd. Construction Port Crossing - Infrastructure Development Amount Paid by Developer $ 6,591,616.10 + HLS Enterprises of Texas, Inc Construction -.Irrigation and Landscape Port Crossing Site Amount Paid by Developer 566,592.00 HLS Enterprises of Texas, Inc. Landscaping Port Crossing Site Amount Paid by Developer $ 12,789.00 Less: 100% Developer item 957.00 11,832.00 J. J. & R. Electric, Inc. Construction - La Porte Development Amount Paid by Developer $ 300,075.66 Less; 100% Developer item 142,352.66 I57,723.00 W.T. Byler Construction -Land Clearing Port Crossing Amount Paid by Developer y $ 469,945.00 Less; I00% Developer item 309,401.00 160,544.00 Schedule A Page 1 of 5 LA PORTE REDEVELOPMENT AUTHOR'Y SCHEDULE OF CONSTRUCTION, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPER) May 27, 2009 (SEE ACCOMPANYING DISCLAINIER OF OPINION AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) DESCRIPTION Goldston Engineering, Inc. Engineering - Port Crossing Development Amount Paid by Developer Jones & Carter, Inc. Engineering - Highway 146 / Wharton Weems Intersetion Madif cations Amount Paid by Developer Jones & Carter, Inc. Engineering - General Consultation for Part Crossing Amount Paid by Developer Less: 100% Developer item Jones & Carter, Inc. Engineering Proposed Building C-1 Topography and HGL Analysis Amount Paid by Developer Jones & Carter, Inc. Engineering - Port Crossing Drainage Study Amendment', Amount Paid by Developer To $ 16,563.38 42.49 Schedule A Page 2 of 5 TOTAL $ 633,192.94 69,250.28 16,520.89 3,100.00 17,144.00 LA PORTE REDEVELOPMENT AUTHORITY SCHEDULE OF CONSTRUCTION, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPER) May 27, 2009 (SEE ACCOMPANYING DISCLAIMER OF OPINION AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORMER) DESCRIPTION Junes & Carter, Inc. Engineering - Port Crossing Overall Fill - Stockpile Plan Amount Paid by Developer TEDSI Tnfrastrueture Group Engineering - Traffic Engineering Services - State Highway I46 at Wharton Weems Boulevard Amount Paid by Developer City of La Porte Rater Deposits - Meters Amount Paid by Developer Coastal Testing Laboratories, Inc. Engineering - Powell Road Amount Paid by Developer 3DR Design Landscaping - Port Crossing Development Amount Paid by Developer Schedule A Page of TOTAL 14,465.00 9,764.00 6,108.00 27,005.50 1,345.00 LA FORTE REDEVELOPMENT AUTHORITY S CKEDULE OF CONSTRUMON, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPM) May 27, 2009 (SEE ACCOAVANYING DISCLAMER ME OF OPINION AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) DESCRIPTION Angel Brothers Enterprises, Ltd. Clearing and Grading Port Crossing Development Amount Paid by Developer .Angel Brothers Enterprises, Ltd. Lift Station - Power Port Grassing Development Amount Paid by Developer Less: 100% Developer item Harry D. Lane Associates Engineering Port Crossing Site Amount Paid by Developer Haynes and Boone, LLP Legal Fees Cost Sharing Agreement with City of La Porte and 65 LaPorte, Ltd. Amount Paid by Developer Jacob & Heiner Associates, Inc. Engineering Port Crossing Land Amount Paid by Developer $ 89,411.85 47.134.95 k Schedule A Page 4 of 5 TOTAL $ 40,449.00 42,277.00 1,280.00 8,238.00 6,236.67 'LEIS PAGE INTENTIONALLY LEFT BLANK J LA PORTE REDEVELOPMENT AUTHORITY SCHEDULE OF CONSTRUCTION, ENGINEERING AND RELATED COSTS REIMBURSABLE TO PORT CROSSING LAND, LP (DEVELOPER) May 27, 2009 (SEE ACCOMPANYING DISCLAIMER OF OP NTON AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORINMD) DESCRIPTION Palcon Construction and Design Land Clearing - Powell Street and Export Drive Amount Paid by Developer Smith -Chem Engineering - Materials Testing Amount Paid by Developer A CT TO CHAKC Eastern Supply, Inc. Miscellaneous Expense Port Crossing Site Amount Paid by Developer TOTAL AMOUNT REIMBURSABLE TO PORT CROSSING LAND, LP AS OF MAY 27, 2005 ADD LAND: Port Crossing -Drainage 30.51 Acres of Lund at $74,989,61 per Acre Amount Paid by Developer ADD LAND: Port Crossing -Lift Station 0.22 Acres of Land at $74,989.61 per Acre Amount Paid by Developer Developer Interest } TOTAL AMOUNT PAYABLE TO PORT CROSSING LAND, LP AS OF MAY 27, 2009 * Interest is calculated based upon the J.P. Morgan Chase Bank prime commercial lending rate in accordance with the Development Agreement ' Schedule A Page 5 of 5 TOTAL $ 17,000.00 25,IO2.00 4,444.05 $ 8,431,729.43 2,287,933.00 16,497.71 1,36"27.49 $ 11,096,487.64 LA FORTE REDEVELOPMENT AUTHORITY SCHEDULB COMPARING ACTUAL REIMBURSABLE COSTS WITH EXHIBIT B TO PUBLIC IMPROVaIENT DEVELOPMENT AGREEMENT May 27, 2009 (SEE ACCOMPANYING DISCLAIMER OF OPINION AND EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) LAI" I RERViBURSABLE TO CHANGE COSTS TO SUBJECT ENGINEERING FORT CROSSING ESTIMATE LAND,12 DESCRIPTION EXIEWr B AT MAY 27, 2009 CAPITAL IMPRO VE11+ WT BUDGET DESC1iIMON AND ESTIMATED COSTS Streets with Storm Systems _ _ Powell Road (100' ROW) $ 1,795,000 $ - Powell Road (60' ROW) 841,000 Abandon Powell Road _ Wharton Weerus Boulevard 968,000 McCabe Road 2.25,000 SUBTOTAL $ 3,829 000 $ 3,560,057 Water Distribution System 12"Public Mains $ 320,000 $. - Offlite Segment Crossing SH 146 (12) 351,000 SUBTOTAL $ 671,000 $ 383,756 Sardtary Sewer System Lift Station 1 Force Main $ 117,000 S 459,103 Public Mains 8" -12" 308,000 Oflisite Public Mains 66,000 SUIf'I'OTAL $ 511,000 $ 955,573 Drainage Projects Stornrwater Detention I Drainage -Acquisition cf3ZAoms -Constmction. Excavation -Conshwtion, Storm Sewer SUBTOTAL Sidewalks Sidewalks I Pedestrians Trails along Major Roadways / Drainageways Landscaping Along Major Roadways Clearing Public ROW and Easements Engineering Developer Interest TOTAL $ 2,300,000 $ 2,304,431 11360,000 1,002,032 1,232,000 841.;M $ 4,892,000 5 4,1477, 47 $ 120,000 $ 45,448 $ 300,000 S 630,27.9 S _ 120,000 $ 182,001 S 1,303,000 $ 831,299 $ $ 060,327 S 11,746,000 S 12,096,487 Schedule B Page t of 2 SUBJECT TO TOTAL ACTUAL COSTS V. TO DATE ACTUAL VARMNCE ESTALATED AND ESTIMATED OVER OVER ADDMONAL COST ADDMONAL COST (UNDER) UJNDER) TO COMPIEiE TO COMPrM ESTIMATE ESTIMATE - (841,000) - (968,000) - (225.000) $ - S 300,057 $ (268,943) (351,440) $ $ 393,756 S (287,244) $ - $ 459,I03 $ 322,103 - (308.000) - (66,000) S - S 955,573 $ 444,573 $ - $ 2,304,431 $ 4,431 1,002,032 (357,968) 841,284 (390,716} $ - $ 4,147,747 S (744,253) $ $ 45,448 $ (74,552) S - S 630,279 S 330,279 $ 62,001 �182,001 $ $ 831,299 $ (471,701) $ - S 1,360,327 $ 1,360,327 $ S 12,096,487 S 350487 SchedWB B Page 2 of 2 -7.02% -4x,sx�ia - 87.00% 0.19% -26.32a/a -31.71% -15.21 % -62,13% 110.09% 51,67% 36.20% LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 4. Consider Reimbursement to Port Crossing Land, LP, a Texas limited partnership, based upon accepted Agreed -Upon Procedures Report with regard to project costs. NOTE: Staff is in the process of developing a recommendation for the board's consideration based on the AUP and current and projected cash flows. We will e-mail you our findings when the analysis is complete. 0 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227 2167 713-595-1200 or FAX 713-541-9906 V r La Porte Redevelopment Authority Cash Flow Report, March - May 2009 Cleared Bank Operating Account For Amount Subtotal Total Beginning fund balance, 2127109 $ 312,130.59 2/27/2009 Interest deposit (1.0000%) interest $ 237.07 3/31/2009 Interest deposit (1.0000%) interest $ 244.74 $ 312,612.40 4/7/2009 Wire xfer $ 519,803.19 4/7/2009 Wire xfer $ 426,221.77 4/30/2009 Interest deposit (1,0000%) interest $ 670,93 $ 946,695.89 Total, revenues $ 1,259,308.29 $ 1,259,308.29 Cleared Bank Expenses 2/27/2009 Federal tax withheld withholding $ 66.37 3/4/2009 Clarke American Checks check supplies $ 60.75 $ 127.12 Checks paid., 2/13/2009 #115 Hawes Hill Calderon LLP 2/19/2009 #116 City of La Porte Total, Checks paid Checks outstanding None Total, Checks outstanding Checks submitted for approval 5126109 City of La Porte City of La Porte Patillo, Brown & Hill LLP Hawes Hill Calderon LLP Total, Checks submitted Total expenses Fund balance, Operating Account as of May 26, 2009 Administration and Project Management Legal Inv. 3190, 3212 $ 5,729.68 Inv 3897 $ 65.85 $ 5,795.53 $ 5,922.65 $ (5,922.65) Inv 4032 (food & drinks) $ 79.69 reimbursement $ 100,000.00 interim billing, audit $ 3,000.00 Inv 3257, 3276, 3296 $ 7,812.92 $ 110,892.61 $ 116,815.26 $ (116,815.26) $ 1,136,570.38 FY 2009 FY 2010 $ 14,000.00 $ 42,000.00 $ 1,000.00 $ 5,000.00 Agreed Upon Procedures Reports Annual Audit Operating Expenses Bank Expenses City Administration @ 5% Total TOTAL AVAILABLE FOR DISTRIBUTION 5.28.09 2008 Tax Year Total Value in the T€RZ as of March 2009 (Value) Less the Tax Increment Base (1999) Value Total Increment Created Lakes at Fairmont Green (Plat recorded 2/27/08) 65 La Porte Retreat at Bay Forest N & 5 (Plat recorded 3/18/08) Part Crossing Equals the Captured Appraised Value After New $ 7,500.00 $ 7,500.00 $ 6,000.00 $ 9,000.00 $ 1,500.00 $ 3,000.00 $ 30.00 $ 60.00 $ 15,489.00 $ 47,301.25 $ 45,519.00 $ 113,861.25 $ 977,190.13 $73,258,653 $7,385,080 $65,873,573 $589,147 $2,166,062 $239,443 $55,694,257 $7,184,664 0.894% $ 8,739.60 3.288% $ 32,132.07 0.363% $ 3,551.98 84.547% $ 826,186.83 10,907% $ 106,579.66 100.000% $ 977,190.13 I LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, T`EXAs AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials Consider payment to City of La Porte in the amount of $100,000 for TIRZ and Redevelopment Authority start-up costs. Y LA PORTS REDrVELOP14mrNT AUTiioRITY c/o Dawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-541-9906 INVOICE CITY OF LA PORTE 604 W FAIRMONT PARKWAY LA PORTE, TX 77571 (281) 471-5020 TO: LA PORTE REDEVELOPMENT AUTHORI ATTN: DAVID HAWES PO BOX 22167 HOUSTON, TX 77227 INVOICE NO: 5561 DATE: 5/20/09 CUSTOMER NO: 1905/144427 TYPE: MS - MISCELLANEOUS ----------------------------------------------------_--_-__---------------------- QUANTITY DESCRIPTION UNIT PRICE EXTENDED PRICE 1.00 START UP FUNDS REPAYMENT 100,000.00 100,000.00 REDEVELOPMENT AUTHORITY **********PROMPT PAYMENT IS APPRECIATED********** TOTAL DUE: $100,000.00 PLEASE DETACH AND SEND THIS COPY WITH REMITTANCE DATE: 5/20/09 DUE DATE: 6109109 NAME: LA PORTE REDEVELOPMENT AUTHORI CUSTOMER NO: 1905/144427 TYPE: MS - MISCELLANEOUS REMIT AND MAKE CHECK PAYABLE TO: CITY OF LA PORTE ATTN: ACCOUNTING DIVISION 604 WEST FAIRMONT PARKWAY LA PORTE TX 77571 (281) 471-5020 INVOICE NO: 5561 TERMS: NET 20-DAYS AMOUNT: $100,000.00 TAX INCREMENT REINVESTMENT ZONE (TIRZ) FUND PROJECT NAME Developmental Assistance TOTAL TIRZ FUND PROJECTS COST $ 100,000 $ 100,000 Developmental Assistance Project Number: 039-9898-826 Fiscal Year 99-00 Funding: 100,000 In 1999, the City created a Tax Increment Reinvestment Zone (TIRZ) to encourage development in selected areas of the City. These funds are set aside for any project studies that may need to occur in 1999-2000. ii i. i. 7-22 Oily of La Porte Tax Increment Reinvestment Zone One Fund (039) Summary Working Capital913019a 0 Plus 99-00 Revenues: Transfer from Economic Development Fund 100,000 Interest Income 2,000 Total Revenues 102,000 Equals Total Resources 102,000 L ■ Less 99-00 Expenditures: Project Studies 100,000 Total Expenditures 100,000 s ,Equals Esiim6ted Dorking Capital 9130/0D 2,000 V City of La Porte Tax Increment Reinvestment Zone One Fund (039) Statement of Revenues Actual Budget Object Description 1997-98 1998-99 Revised Projected 1998-99 1999.00 Administrative Transfers: 480.01-36 Transfer from Economic Dev Fund - - - 100,000 Administrative Transfers Subtotal Interest: 483.01-00 Interest Income - - Interest Subtotal _ _ ----- - 2,000 ;— -- -� Total T{RZ One Fund Revenues - - - 102=000 I 9-10 LA PORTE REDE'VELOPN+IEENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA, MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 6. Consider approval or other action with regard to authority invoices. NOTE: The cash flow report for the operating fiord is preliminary, pending the inclusion of any recommended expenditure for the Port Crossing developer reimbursement. We will provide an updated cash flow report at the meeting. LA PORTE REDEVELOPMENT AUTHORM c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-541-9906 La Porte Redevelopment Authority Cash Flow Report, March - May 2009 Cleared Bank Operating Account For Amount Subtotal Total Beginning fund balance, 2/27/09 $ 312,130.59 2/27/2009 Interest deposit (1.0000%4) interest $ 237.07 3/3112009 Interest deposit (1,0000%) interest $ 244.74 $ 312,612.40 4/7/2009 Wire xfer $ 519,803.19 4/7/2009 Wire xfer $ 426,221.77 4/30/2009 Interest deposit (1.0000%) interest $ 670.93 $ 946,695.89 Total, revenues $ 1,269,308.29 $ 1,259,308.29 Cleared Bank Expenses 2/27/2009 Federal tax withheld 3/4/2009 Clarke American Checks Checks paid: 2/13/2009 #115 Hawes Hill Calderon LLP 2/19/2009 #116 City of La Porte Total, Checks paid Checks outstanding None Total, Checks outstanding Checks submitted for approval 5126109 City of La Porte City of La Porte Patillo, Brown & Hill LLP Hawes Hill Calderon LLP Total, Checks submitted Total expenses Fund balance, Operating Account as of May 26, 2009 withholding $ 66.37 check supplies $ 60.75 $ 127.12 Inv. 3190, 3212 $ 5,729.68 Inv 3897 $ 65.85 $ 5,795.53 $ 5,922,65 $ (5,922.65) Inv 4032 (food & drinks) $ 79.69 reimbursement $ 100,000.00 interim billing, audit $ 3,000.00 Inv 3257, 3276, 3296 $ 7,812.92 $ 110,892.61 $ 116,815.26 $ (116,815.26) $ 1,136,570.38 11 La Porte Redevelopment Authority Cash Flow Report, March - May 2009 Cleared Bank Construction Account For Amount Subtotal Total Beginning fund balance, 2/27109 $ 400,447.90 2127/2009 Interest deposit (1.0000%) interest $ 307.19 3/31/2009 Interest deposit (1.0000%) interest $ 319.94 4/30/2009 Interest deposit (1.0000%) interest $ 257.03 Total, revenues $ 401,332.06 $ 401,332.06 Cleared Bank Expenses 2/27/2009 Federal tax withheld withholding $ 86.01 3/4/2009 Clarke American Checks check supplies $ 60.75 $ 146.76 Checks paid. Done 0 Total, Checks paid $ 146.76 $ (146.76) Checks outstanding None Total, Checks outstanding $ - Checks submitted for approval 5126109 $ Total, Checks submitted $ - Total expenses $ 146.76 Fund balance, Operating Account as of May 26, 2009 $ 401,185.30 INVOICES STATEMENT OF ACCOUNT PAGE 1 CITY CF LA PORTE 604 W FAIRMONT PARKWAY LA PORTS, TX 77571 (281} 471-5020 TO; HAWES HILL & ASSOCIATES DATE; 4/07/09 AT TN DAVID HAWES PO BOX 22167 HOUSTON, TX 77227-2167 CUSTOMER ND: 1703/139943 'TYPE: MS - MISCELLANEOZ3.S _------------------ _.._________.._______---_________--------------------------- SRGE DATE DESCRIPTION REF -NUMBER DUE DATE TOTAL AMOUNT .___ ________ ------------------------- ---------- ________ ______________ 3/CS/09 EEGINNING BALANCE 79.69 TIRZ 2/17/09 TIRZ REIMBURSEMENTS 4032 3/09/09 79.69 FOOD & DRINKS For billing inquiries, please contact Angela X5042 —Thank You for Your Prompt Payments** PREVIOUSLY BILLED - INCLUDED IN BEGINNING BALANCE ______________ ______________-------------- ______..____-__ CURRENT OVER 30 DY OVER 60 DY OVER 90 DY __________ ______________ -------------- _____--_______ 79.69 DUE DATE: 4/27/09 PAYMENT DUE: 79. 69 TOTAL DUE; $79.69 PLEASE DETACH AND SEND THIS COPY WITH REMITTANCE -ATE: 4/07/09 DUE DATE; 4/27/09 NAME: HAWES HILL & ASSOCIATES CUSTOMER NO: 1703/136943 TYPE: MS - MISCELLANEOUS "EMIT AND MAKE CHECK PAYABLE TO: ITY OF LA PORTE TTN; ACCOUNTING DIVISION 04 WEST FAIRMONT PARKWAY LA PORTE TX 77571 (281) 471-3020 TOTAL DUE; $79.69 INVOICE 1 CITY OF LA PORTE 504 W FAIRMONT PARKWAY LA PORTE, TX 77571 (281) 471-5020 TO: LA PORTE REDEVELOPMENT AUTHORI INVOICE NO: SE91 ATTN: DAVID HAWES DATE: 5/20/09 PO BOX 22167 HOUSTON, TX 77227 CUSTOMER NO: 1905/144427 TYPE: MS - MISCELLANEOUS ---- --- ..«-««_.------_«-..-_-.__________________________________«________--_--_ QUANTITY DESCRIPTION iR7IT PRICE E%TENDED PRICE II 1.0c START UP FUNDS REPAYMENT 100,000.00 100,000.00 REDEVELOPMENT AUTHORITY it***•**++PROMPT PAYMENT IS APPRECIATED---* TOTAL DUE: $100,0U0.00 PLEASE DETA(M AND SEND THIS COPY WITH REMITTANCE DATE: 5/20/09 DUE DATE: 5/09/09 NAME: IA PORTE REDEVELOPMENT AUTHOR!_ CUSTOMER NO: 19051144427 TYPE: ME - MISCELLANEOUS REMIT AND MARE CHECK PAYABLE TO: CITY OF LA PORTE ,ATTN: ACCOUNTING ➢IVISION 604 WEST FAIRMONT PARKWAY LA POR'TE 'ZX 77571 (281) 471-5020 INVOICE NO: 5561 TERMS: NET 20 DAYS Amorlwr $100,000.00 fm�u Paf(iIlo, Brown 8; Hill, L.L.P. ti mif.d h4li: Arcann,nn.' a lmi I, (-mmuun.I ���_� i� t�� � , La Porte Tax Increment Reinvestment Zone One • 04 • Og P.O_ Box 22167 H—Von, 7X 77227-2167 invoice No. 272002 Date 02/2&12009 Client fJo. 16360 Inierim b0ling for services in connection with Annual Audit. $ 3.000.00 Tolaf Involce Amount $__�ID00.00 �r ❑`` 11 PAYMENTS ALSO ROCEFTEU BY: }'�f ' PAYMENTS ALSO ACCEPTED 9 S.J AMEi1iCAN EXPRESS, MASTERCARD, rT7 L0.3 AMERICAN EXPRESS, MASTERCA $awes Full Calderan LLP I I IC5 �R VISA OR ELECTRONIC WIRE 1 f TES Gf-E �5A OR ELECTRONIC WIRE '.O. An TRANSFERS TRANSFERS iovstan TX 77227-2167 invoice •• 281-497-2218 287-4s7 2218 li 102750 40088 12/30/05 102750 40085 12/00/08 Sill To: HAWES HILL CALDERON HAWES HILL CALDERON 10101 FONDREN STE 105 nRZ-LaPort. 41 10101 FONDREN STE 106 iO4 W. Fairmonr pkwy, 1-clee 11: 00003257 HOUSTON TX 77096 BALANCE LIUE UPON RECEIPT. „a Porte,"77571 Date: 3/1l2009 AFTER 01/14/09. PAY $178.25 DATE? DESCRIPTION AMOUNT Project Management Services, March 2009 $'_,000.00 Reinlrutsable expetLus as follows: I21I872008 Hour Messenger $21.65 115f2004 Hour Messenger $47.50 WiSrA 99 USPS pet ad-bm®t S48.00 21612009 LISPS per attachment $4.80 In house copies Br Binders 565 @.15 each @ 20 Binders $004.75 1. h.- postage $0.42 Saks Tax: SOAO Total Amount $2,227.12 Amount Applied: $0.00 Baleaee Due: S2,227.12 PAYMENTS ALSO ACCEPTED BY, ©� 1 ��--IIL' PAYMENTS ALSO ACCEPTED E' t'+ Q AMERICAN EXPRESS. MASTERCARD. ['t'8 LJU AVERSCAN EXPRESS, MASTERCP .T GER VISA OR ELECTRONIC WIRE B t tE GER VISA OR ELECTRONIC WIRE TRANSFERS TRANSFERS 281-497-2218 281-497-2218 102750 40753 01/13/09 102750 40753 01/13/09 HAWES HILL CALDERON HAWES HILL CALDERON 10101 FONDREN STE 106 10101 FONDREN STE 106 HOUSTON TX 77096 BALANCE DUE UPON RECEIPT - AFTER 01/26/09. PAY S25B-00 1/05/05 156891 LA PORTE 1/07/09 157135 TIRZ 20 1/07/09 157137 TIRZ 20 1/07/09 157138 TIRZ 2D 1/07/09 157140 TIRZ 20 1/07/09 157141 TIRZ 20 1/07/09 157143 TIRZ 20 1/07/09 157146 TIRZ 20 1/07/09 157147 TIRZ 20 1/07/09 157149 TIRZ 20 1/07/09 157151 TIRZ 20 1!07/09 167152 TIRZ 20 47.50 56.10 13.00 14.65 13.00 14,65 14.65 13.00 13. OD 14.65 19.6E 14.55 O1l05/09 156521 LA PORTE 01/07/09 187135 TIRZ 20 O1/07/O9 157137 TIRZ 20 01/07/09 157138 TIRZ 20 01/07/09 157140 TIRZ 20 01/67/09 157141 TIRZ 20 01/07/09 157i43 TIRZ 20 01/07/09 157145 TIRZ 20 01/07/09 157147 TIRZ 20 01/07/0-P 15714E TIRZ 20 01/07/09 157151 T;�RZ 20 01/07/09 157152 'TIRZ 20 47.5( 58.1C 13.0( 14.6E 13.Di 14 6 1a-6r 13-Oi 13.Dc 14.61, 1s-s� 14-6E v Ih1e Upon Receipt 11757 Katy Friary. a h 0 I Please return ` 11757 Katy Fury. • ' • Pest Due Suite 900 lh15 pDttiOn With Suite 9. Alter, 15 bays He. TX 77079 250.54 payment to: Houston TX 77079 250.5E 12/16/06 155726 LEAGUE CITY 29.40 12/1S/i78 155726 LEAGUE CITY 29.; 12/16/08 155727 LEAGUE CITY 119.70 12/16lOB 155727 LEAGUE CITY 119.71 1.65 12/18/08 155977 LA PORTE 21-61 Payable Uporr geeelot 11757 Katy Frwy. • t Please return 11757 fCety Frwy. a ' Past five Suite 9- ibis portion with Suite PDO After 15 bays HeuOn T. T7O79 - 170. 75 payment to: Houston TX 77079 170.7 USPS - Print Shipping Labels - Print Confirmation Page 1 of 2 t UNITFDSTAM POSTAL SERVICE. Print Shipping Labels Print Confirmation 41pilmerFrle.4ly 1hanX yov for droosing the Umled Slates Postal Serviw49 Printed Domestic Labels Trarreagi ire134212485 Charged la: AMEX "4048 Labels 1,0ode4: 10 Print Detain- 21612911:05',05 AM CST Suadnd'aed (J7! ship." Ad ireu Package let. - 5emrx Prico lo110 PEGGY ANYONE Ship Dale: OVOWDB Priority Meil Flat Rate Env $4-M RESIDENCE Wel9hl:111bea= Delivery Confirm- SriM 641a COLLINGSDALE RE Fmm:77096 Label Teel 34.10 LA PORTS TX 775715M ' DeliveryConfimnafion^' Libel Numher.01033555749654647627 2.110 '. JOHN JOERNS Shlp D,%: 02/06109 Priorily Mail Flat Rare EM $4,V CI7Y OF LA POR7E Welgld: 11bsos D Delhi Confirm, $a 00 PO BOX 1t15 From:77098 Labal Total $4.80 LA FORTE, TX 77572.11 tir DeD-y ConlirmaconTM Label Number, 0113 8555 7406 2881 0511 3 of io HORACE LEOPARD Shp ➢ate: 021061w Pn.Ry Mall Flat Rale Env 546D RESIDENCE weight: 114a W. Dellvery Ccnhrm. $DAD 3202 LAZY PINE LN Fmm: 77096 tebel7.01 $4,49 LA PORTE. TX 77671-6924 Decvary Conf nnaOonTM Label Number 0103 8555 74RS 6027 6792 4.110 DOUG MARTIN Ship Dale: 026161D9 Phonty Marc Rat Rate Env N.00 RESIDENCE Wei91rt IN. 0- Del'aery Confirm. $CAa 1103 OAK LEAF ST F-: now Lebal Tunl 14.60 LA PORTE, TX 776716839 Deiivaryri lfimtatlanTM Label Number C103 8555 7495 3930 IZ70 Soriu J. J. MEZA - Ship Dale: 02f06W9 PH.nly Mall Flat Raw Env 54 ff c PC SOX 202 Weight 11.o- Delivery 0.0- $O.N LA PORTS, TX 77572-3202 Fmm: 77096 Labal Tvtal scm; Delivery Confimratlon"' Label Number 0103 DSSE 74951033 2751 5 or10 ., LINDSAY PFEIFFER Ship Pate: OVOSW Rianty Mall Flat Rafe Env $6.60 RESIDENCE 72313AYRIDGE RE waltt 11. Doe prom: T1,096Label Delivery Curtly Total $0.00 $4,60 FA PORTE, TX T7571-3614 -. Delivery C flrmator^ Label Number. 0103 MSS 7495 9764 6993 7o11u CHESTER POOL Ship Data: 0210 2 Priority Mal Flat Rate Env S4.80 RESIDENCE WerghL llbso.z DeliveryConfmn. $D.00 _ J710 ALW OR rmm. 7709a Lapel Toni We IA porO E, TX77571-9402 Delivery Confirmation^' Label Number 0113 85SS 7496 µ161067 R of 10 ALTON PORTER Ship pale: OZ Mq Molly Mall Flat Rate Em 34130 PC BOX E52 W-19M: llbs0- ..livery Confl- 4d.W LA PORTS, TX 77572_r652 Fmm: 7709E WIW T.W i4.e6 Diellwy Corhrmaben"' Label Number: 0103 85557495 7076 1651 9 of 1D OAVF TIJRNQU0l 5-1 021o6109 Poorly i Ell Rete Fnv Sa-00 319 W MAIN ST W^J9 c liosu- Oernery Confirm, So ct 1-4 PORTE. TX T7571.5001 Fnpn, 7f055 Label Tonl $4.e0 Delivery Confirmal tabel Number: 0103 0555 749E 3387 610s 10 of 10 LLM GRAHAM Ship Date: 0210610g lat Rate PdO4ty WI Flat Env 64 .E9 IA PORTE ISO Weight: llba 0oz pellVery Ganhnn, it 1002 BAN JACINTO ST Fmn+: T7 Label Total 54.60 LA PORTE. TX 77671-6461 ..livery COnfirmatlonTM Label Number, 0103 8555 74854575 0012 Domestic Order Total: $0.00 Thank you I ... boosall the Jniled Steles Postal S—wre Request a pee ra kage pickup from your tamer. Regv,st caner Picavpi Lrea2New label> Customs firms and shipping soppltes are —liable tram your toal Past Otfim or ran be ordered Online. '. Save time online - ONera 5laiel 0Ne1 SQIt-Adhesive Labelsl Cider Free Sh-Ipping Suppueel Raley to your ShippJmg 1118my for all paid leb da primed vANn IN 116 mi s�.ww comae u, ronn� aai I�� c.=rz p4,ary Policy ram: 'll CopynghC-- JSPS. All Ril peserveu, Hu i—Act EEo meta r01A vru.a Nut-11 r—k,-1� https://sss-web.usps.wnifens/print V edficatio n.do l� Hill Caldrian LLP '.O. Box 22167 lowlon TX 77227-2167 Itil To 1-La Porte N 1 C'. Fairmont Pkwy, .i te, TX 77571 Invaiee rl: 00003276 Date: 411/2009 Page: I LNITEOSTATES POYMLSf11VFCE. Print Shipping Labels Print Coniirlelation E11?rin�! F�enaiy Thank you forahoosing the I-Wmd Slates Postal Service® Primed Domestic Labels T,... o ion # 134236090 Charged to', AMD(^^^^'4046 Labels Inoladed; 1 Print Datefn— ZOX9 2:09.26 PM C54 9nadardiud .tl ParJrage Selo Servia PN.e 6hipyiae MJrvu!— 1 of 1 JOHN JOERNS Ship Oat.: 021asw Pd.oty ma rat Rate Ern 54.80 DITy OF LA POR FE Weight: llhs 0.. OelNery Carl 50.00 PO Ell 1115 Fmm: 77096 LAW TCtai $4.50 LA PONTE, TY 77572.1116 Sell—y COnfimnabOn- Label Number. 0103 856E 746E 1276 6070 Domestic Order Total: $4.90 Thank you for chcostn9 in, JmWd Bulls Postal 3-1l RN—L a free p—q. plril from ymm rarrier. Acquest Geier picA�p� creel, Ar- wi,i, Custmns 1—and shipping supplies am available ham your local Post Once or ten be p[4al.nynllne. Save Ilene online - Qlder Q, $S31e19nie( SII.A¢h.GS�ruy.LaLiel51 Old;! Free Shp Rlpg.$lylPil Refer to your ShOl W J. istrry for all Paid labels primed wilNn the 1.16 months_ 21612009 https:/lsss-web.usps.coaVcris/printVerifi ation.do Invoice LATE DESCRTPETON AMOUNT _. l'rrajeca Mamgenreut 5ervicet Apii12009 S? 000.00 Re®6rus4ble expenses as rollaws: Mileage. D- Hal per anal—i gg5_g0 Sales Tm� $0,00 TOW Annual $2,085M Amount Applied_ $O,W BaL— Pine: $208580 2/612009 DATE CLIENT Ni VENDOR/DESCRIPTIDN CTY UPRICE TOT SEEM. BILL 02.05.09 CLPTIP01 Miles a toNram ME . vrl5taft 713 $ 0.550 $ 42.90 Y 02.41 Ag C1-PTIFO1 Will a lollr0m BOD M 715 0.650 1 5 42.90 Y CLPTiF01 $ 0.650 1 $ 9awes Hill Calderon LLP �.O. Box 22167 looslan TX 77227-2167 3ill To: ❑RZ -La Porte # i W W. Fairmont Pkwy. Invoice #: 00003296 . a Porte, TX 77571 Date: 571l2009 Page: I .DACE v ➢£SCRIPIION_ AMOUNT 5127/2009 Proled M"='gw t Services. May 20M � Board ofD'oeclom Meeting $21 000 00 §I.500,00 - Sales Tax: SO.W Total AmaanL 53500.00 Anvo ml Applied 50.00 Balance Doe: 53,500.00 LA PORTE TAX INCREMENT REINVESTMENT ZONE STATE OF TEXAS X COUNTY OF HARRIS )( CITY OF LA PORTE }( NOTICE IS HEREBY GIVEN OF THE MEETING OF TIIE LA PORTE TAX INCREMENT REINVESTMENT ZONE TO BE HELD ON MAY 27, 2009 AT 6:30 P.M. IN CITY COUNCIL CHAMBERS OF THE CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS, REGARDING THE ITEMS OF BUSINESS ACCORDING TO THE AGENDA LISTED BELOW: 1. Call to order -- Lindsey Pfeiffer, President 2. Consider approval of the minutes of the February 11, 2009 Board of Directors rneetiAg, 3. Consent agenda — any item may be removed by a board member for dispussion • Entertain motion and a second to approve the TIRZ items in the same form and manner as was approved in the previous redevelopment authority meeting — Lindsey Pfeiffer, Chairperson a. Consider Agreed -Upon Procedures Report with regard to project costs incurred by Port Crossing Land, LP, a Texas limited partnership; b. Consider Reimbursement to Port Crossing Land, LP, a Texas limited partnership based upon accepted Agreed - Upon Procedures Report with regard to project -costs; Consider payment to City of La Porte in the amount of $100,000 for TIRZ and Redevelopment Authority start-up costs; d. Consider approval or other action with regard to authority invoices; e. Receive Staff report and updates with regard to Port Crossing, Lakes on Fairmont Green, Retreat at Bay Forrest Development Project, progress of the signal/paving project, and status of audit; f. Board member comments with regard to matters appearing on agenda; g. Adjournment. THIS FACILITY HAS DISABILITY ACCOMMODATIONS AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETIVE SERVICES AT MEETINGS SHOULD BE MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT CITY SECRETARY'S OFFICE AT 281471-5020 OR TDD LINE 281-471-5030 FOR FURTHER INFORMATION. A POSSIBLE QUORUM OF CITY COUNCIL MEMBERS MAY BE PRESENT AT THIS MEETING AND PARTICIPATE IN DISCUSSIONS BUT WILL NOT TAKE ANY ACTION. David W. Hawes Executive Director I C�_- e t~—�Mu_e_5 Date Posted La Porte Tax Increment Reinvestment Zone Number One, City of LaPorte, Texas Minutes of the Board Meeting Held February 11, 2009 1. CALL TO ORDER AND DETERMINATION OF A QUORUM The Board of Directors of the La Porte Tax Increment Reinvestment Zone Number One, City of La Porte, Texas, held a meeting, open to the public, on the I I th day of February, 2009; the meeting was called to order at 6.45 p.m. in the City Council Chambers of the City Hall, 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, thus constituting a quorum. Also present at the meeting were Russell Plank (Port Crossing); John Joerns, Debbie Westbeld and David Hawes. Chairman Pfeiffer called the meeting to order at 6:59 p.m. 2. CONSIDER APPROVAL OF THE MINUTES OF THE DECEMBER 17, 2008 BOARD OF DIRECTORS MEETING Upon motion made by Director Pool, seconded by Director Meza, the board voted unanimously to approve the minutes as presented. 3. CONSENT AGENDA —ANY ITEM MAYBE REMOVED BY ABOARD MEMBER FOR DISCUSSION ENTERTAIN A MOTION AND A SECOND TO APPROVE THE TIRZ ITEMS IN THE SAME FORM AND MANNER AS WAS APPROVED IN THE PREVIOUS REDEVELOPMENT AUTHORITY MEETING A. CONSIDER CONTRACT BY AND BETWEEN DURWOOD GREENE CONSTRUCTION COMPANY, THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE FOR THE CONSTRUCTION OF INTERSECTION IMPROVEMENTS AT SH 146 AND WHARTON WEEMS BLVD. IN THE AMOUNT OF $304,869. B. CONSIDER AMENDMENT TO EXHIBIT B (THE TIRZ IMPROVEMENTS) OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN 65 LA PORTE, LTD., A TEXAS LIMITED PARTNERSHIP ("65 LA PORTE"), THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. C. CONSIDER AMENDMENT TO EXHIBIT B (THE TIRZ IMPROVEMENTS) OF THE DEVELOPMENT AGREEMENT BY AND BETWEEN PORT CROSSING LAND, LP, A TEXAS LIMITED PARTNERSHIP ("PORT CROSSING"), THE LA PORTE REDEVELOPMENT AUTHORITY, AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. D. RECEIVE REPORT WITH REGARD TO LA PORTE INDEPENDENT SCHOOL DISTRICT (ISD) PURCHASE OF 20 ACRES WITHIN THE BOUNDARIES OF THE ZONE. E. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO AUTHORITY INVOICES. F. RECEIVE STAFF REPORT AND UPDATES WITH REGARD TO PORT CROSSING, LAKES ON FAI RMONT GREEN, AND RETREAT AT BAY FORREST DEVELOPMENT_. G. AwOURNMENT. Upon a motion duly made by Director Antone and being seconded by Director Turnquist, the board unanimously approved the consent agenda in the same manner and form as approved in the Redevelopment Authority Board Meeting and adjourned at 7.00 PM. SIGNED: ATTEST: TITLE: TITLE: DATE: DATE: