HomeMy WebLinkAbout08-22-12 LPRDA TIRZAgendas and Agenda Materials
Meetings of the Boards of Directors
La Porte Redevelopment Authority
La Porte Tax Increment
Reinvestment Zone
August 22, 2012
NOTICE OF MEETING OF LA PORTE REDEVELOPMENT AUTHORITY
Notice is hereby given of the meeting of the La Porte Redevelopment Authority to be held Wednesday,
August 22, 2012 at 6:30 p.m. in the Council Chambers of City Hall, 604 West Fairmont Parkway, La
Porte, Texas, for the purpose of considering the following agenda items:
1. Call to order — Lindsey Pfeiffer, President;
2. Consider approval of the minutes of Board of Directors meeting held on April 4, 2012;
3. Receive and Consider Report regarding distribution of tax increment funds in accordance with
approved development agreements,
4. Receive and consider the Redevelopment Authority's FY 2012-13 Budget;
5. Receive report from city, staff and developers with regard to development within the boundaries of
the tax increment reinvestment zone;
6. Consider approval or other action with regard to authority invoices;
7. Board member comments;
a. Matters appearing on agenda;
b. Inquiry of staff regarding specific factual information or existing policy
8. Adjournment.
In compliance with the American Disabilities Act, the City of La Porte City will provide for reasonable
accommodations for persons attending public meetings. To better serve attendees, requests should be
received 24 hours prior to the meetings. Please contact Patrice Fogarty, City Secretary, at
281-470-5019 or TDD 281-471-5030.
A possible quorum of city council members may be present at this meeting and participate in discussions but
will take no action.
David W. Hawes
Executive Director
LA PORTE REDEVELOPMENT AUTHORrrY,
CITY OF LA PORTE, TEXAS
AGENDA MEMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
Consider approval of the minutes of Board of Directors meeting held on April 4, 2012.
LA PORTE REDEvELoPMENT AuTHORrrY
c/o Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 713-595-1295
La Porte Redevelopment Authority,
City of LaPorte, Texas
Minutes of the Board Meeting
Held April 4, 2012
1. Call to order — Lindsay Pfeiffer, President
The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a
meeting, open to the public, on the 4a' day of April, 2012; the meeting was called to order at 6:33
p.m. in the City Council Chambers of the City council conference Room, 604 West Fairmont
Parkway, LaPorte, Texas; and the roll was called of the duly appointed members of the Board,
to wit:
Peggy Antone
Position 1
Dave Tumquist
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 Director Martin, thus constituting a quorum. Also
present at the meeting were Stacey Osborne, Mike McCall, and David Hawes.
2. Consider approval of the minutes of Board of Directors Meeting held on February 2, 2012,
2011.
Upon motion made by Director Turnquist, seconded by Director Pool, the board voted
unanimously to approve minutes as presented.
3. Receive and consider the Redevelopment Authority's FY 2011 Audit.
Mr. McCall reviewed the draft audit report for FY 2011 and responded to questions and
comments from the board. Upon motion made by Director Porter, seconded by Director Meza,
the board voted unanimously to approve the 2011 audit as presented.
4. Consider approval or other action with regard to authority invoices.
Mr. Hawes presented the invoices. Upon a motion made by Director Antone, and being
seconded by Director Porter, the board unanimously approved payment of the invoices.
5. Board comments ---None were offered.
6. Adjournment.
Chairman Pfeiffer adjourned the meeting at 7:14 PM upon motion made by Director Pool,
seconded by Director Porter.
SIGNED:
TITLE:
ATTEST:
TITLE:
DATE: DATE:
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
Receive and Consider Report regarding distribution of tax increment funds in accordance with
approved development agreements.
LA PORTE REDEVELOPMENT AUTHomTy
c/o Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 713-595-1295
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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
Receive and consider the Redevelopment Authority's FY 2012-13 Budget.
LA PORTE REDEVELOPMENT AUTHORITY
c/o Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 713-595-1295
La Porte Redevelopment Authority
Tax Increment Reinvestment Zone Number One
City of La Porte
FY 2012-13 Proposed Budget
2011-12
2012-13
Approved
2011-12
Proposed
Budget
Estimated
Budget
Revenues:
Beginning Fund Balance
$ 295,199
$1,019,066
$1,105,354
City Transfer of TIRZ (Previous Years)
$ -
$ -
$ -
EstimatedTlRZRevenues
$1,900,000
$1,873,386
$1,633,548
Interest on City TIRZ Funds
$ 1,000
$ 638
$ 500
Estimated TIRZ Developer Advances
$ -
$ -
$ -
Sylvan Beach Restoration Project
$ -
Lakes of Fairmont Greens
$ -
$ -
$ -
Retreat at Bay Forest
$ -
$ -
$ -
Port Crossing
$ -
$ -
$ -
Total Revenues
$2,196,199
$2,893,089
$2,739,402
TIRZ M&O Expenses:
Administration and Project Management
$
32,000
$
27,000
$
30,000
Legal
$
1,000
$
-
$
1,000
Agreed Upon Procedures Reports
$
-
$
-
$
3,000
Annual Audit
$
3,200
$
4,000
$
4,000
Operating Expenses
$
750
$
1,449
$
750
Bank Expenses
$
-
$
62
$
60
City Loan Repayment
$
-
$
-
$
-
Total Expenses
$
36,950
$
32,511
$
38,810
Transfers
City Administration
$
66,000
$
85,093
$
70,898
Educational Facilities
$
395,000
$
392,683
$
342,871
Total Transfers
$
461,000
$
477,776
$
413,769
Capital Improvements
City CIP Trunk Line Project
$ -
$ 121,029
$ 130,500
TIRZ Developer Projects
$ 800,000
Sylvan Beach Restoration Project
$ 30,499
$ 30,500
Lakes of Fairmont Greens
$ -
Retreat at Bay Forest
Port Crossing
$1,205,754
$1,125,919
$1,200,000
$1,205,754
$1,277,448
$2,161,000
Ending Fund Balance
$ 492,496
$1,105,354
$ 125,823
LAPORTE 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 approval or other action with regard to authority invoices.
LA PORTE REDEVELOPMENT AUTHORm
c/o Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 713-595-1295
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Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
TIRZ -La Porte # 1
604 W. Fairmont Pkwy.
LaPorte, TX 77571
STATEMENT
DATE
8/16/2012
AMOUNT REMITTED
Page 1
DATE
F-
INVOICE NO.
DESCRIPTION
CHARGES
PAYMENTS
BALANCE
5/1/2012
00004139
Sale; City of La Porte
$2,222.57
$2,222.57
6/1/2012
00004170
Sale; City of La Porte
$2,000.00
$2,000.00
7/1/2012
00004214
Sale; City of La Porte
$2,000.00
$2,000.00
8/1/2012
00004216
Sale; City of La Porte
$3,613.28
$3,613.28
8/16/2012
Finance Charge
$0.00
$0.00
CURRENT
30 DAYS
90 DAYS
90+ DAYS
AMOUNT DUE
$0.00
$3,613.28
$4,000.00 $2,222.57
$9,835.85
Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
Bill To:
TIRZ -La Porte # 1
604 W. Fairmont Pkwy.
LaPorte, TX 77571
Invoice #: 00004139
Date: 5/1/2012
Page: 1
Invoice
DATE
DESCRIPTION
AMOUNT
Project Management Services, April 2012
$2,000.00
Reimbursable expenses as follows:
1 /26/2012
Hour Messenger
$15.38
3/1/2012
Hour Messenger
$47.65
Mileage, D. Hawes per attachment
$43.29
In house copies & Binders 675 @ .15 each & 15 sets @ $1.00 each
$116.25
Sales Tax:
$0.00
Total Amount:
$2,222.57
Amount Applied:
$0.00
Balance Due:
$2,222.57
Terms: C.O.D.
®t ' PAYMENTS ALSO ACCEPTED BY:
a AMERICAN EXPRESS, MASTERCARD,
j� !�1
1 S GEE VISA OR ELECTRONIC WIRE
A & TRANSFERS
Sm 281-497-2218
oil INV•
• • I .
102750 72281 03/07/12
HAWES HILL CALDERON
10103 FONDREN STE 300
HOUSTON TX 77096
102750 72281 03/07/12
HAWES HILL CALDERON
10103 FONDREN STE 300
BALANCE DUE UPON RECEIPT.
AFTER 03/22/12, PAY $131.90
02/28/12
225328
SPRING BR
43.68
02/28/12
225328
SPRING BR
43.68
02/28/12
225356
HHC
17.69
02/28/12
225356
HHC
17.69
;03/01/12
225489
LA PORTE
47.65
03/01/12
225489
LA PORTE
47.65
03/02/12
225529
GSMD
15.38
03/02/12
225529
GSMD
15.38
tyable Upon Receipt 11767 Katy Frwy. •
Past Due Suite 630
After 15 Days Houston TX 77079 , A A el
Please return 11767 Katy Frwy. •
this portion with Suite 630
payment to: Houston TX 77079 124.40
m-
102750
PAYMENTS ALSO ACCEPTED BY:
iERICAN EXPRESS, MASTERCARD,
VISA OR ELECTRONIC WIRE
TRANSFERS
281-497-2218
8 02/08/12
HAWES HILL CALDERON
10103 FONDREN STE 300
HOUSTON TX 77096
PAYMENTS ALSO ACCEPTED BY:
AMERICAN EXPRESS, MASTERCARI
VISA OR ELECTRONIC WIRE
TRANSFERS
281-497-2218
CUSTOMER ' INVOICE ` WVOICE
:COUNT NO. NUMBER-;' DATE
HAWES HILL CALDERON
10103 FONDREN STE 300
BALANCE DUE UPON RECEIPT.
AFTER 02/23/12, PAY $18.38
EXPENSE DETAIL (La Porte TIFnl1
DATE
CLIENT NO.
VENDOR/DESCRIPTION
QTY
U PRICE
TOT REIM.
BILL
2/2/2012
CLPTIF01
Mileage to/from mtg. w/board
78
$ 0.555
$ 43.29
Y
CLPTIF01
$ 0.555
$
CLPTIF01
$ 0.555
$ -
I 1 OTAL $ 43.291
M
Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
Bill To
TIRZ -La Porte # 1
604 W. Fairmont Pkwy.
LaPorte, TX 77571
Invoice #: 00004170
Date: 6/1/2012
Page: 1
Invoice
DATE
DESCRIPTION
AMOUNT
Project Management Services, May 2012
$2,000.00
Sales Tax:
$0.00
Total Amount:
$2,000.00
Amount Applied:
$0.00
Balance Due:
$2,000.00
------------
Terms: C.O.D.
Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
Bill To:
TIRZ -La Porte # 1
604 W. Fairmont Pkwy.
LaPorte, TX 77571
Invoice #: 00004214
Date: 7/1/2012
Page: 1
Invoice
DATE
DESCRIPTION
AMOUNT
Project Management Services, June 2012
$2,000.00
Sales Tax:
$0.00
Total Amount:
$2,000.00
Amount Applied:
$0.00
Balance Due:
$2,000.00
Terms: C.O.D.
Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
Bill To:
TIRZ -La Porte # 1
604 W. Fairmont Pkwy.
La Porte, TX 77571
Invoice #: 00004216
Date: 8/1/2012
Page: 1
Invoice
DATE
DESCRIPTION
AMOUNT
8/22/2012
Project Management Services, July 2012
Board of Directors Meeting
GIS MApping, P. Horton
In house color copies 2 @ .35 each
$2,000.00
$1,500.00
$112.58
$0.70
Sales Tax:
$0.00
Total Amount:
$3,613.28
Amount Applied:
$0.00
Balance Due:
$3,613.28
Terms: C.O.D.
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La Porte Redevelopment Authority
Cash Flow Report, FY 2009-2012
Cleared
Bank Construction Account
Beginning fund balance, 10/01/2009
10/30/2009 Interest deposit (0.30%)
11/30/2009 Interest deposit (0.15%)
12/31/2009 Interest deposit (0.15%)
1/31/2010 Interest deposit (0.10%)
2/26/2010 Interest deposit (0,10%)
3/31/2010 Interest deposit (0.10%)
4/30/2010 Interest deposit (0.20%)
5/31/2010 Interest deposit (0.20%)
6/30/2010 Interest deposit (0.20%)
7/31/2010 Interest deposit (0.20%)
8/31/2010 Interest deposit (0.20%)
9/30/2010 Interest deposit (0.20%)
Total, revenues
Cleared
Bank Expenses
Checks paid.
11/16/2009 #114 Durwood Greene Construction Company
2/29/2010 #115 Port Crossing Land, LP
7/7/2010 #116 Port Crossing Land (PCL)
8/19/2010 #112 Jones & Carter
Total, Checks paid
Checks outstanding
none
Total, Checks outstanding
Checks submitted for approval
none
Total, Checks submitted
Total expenses
Fund balance, Construction Account as of August 15, 2012
For Amount Subtotal Total
$ 141,038.98
interest
$
34.78
interest
$
21.26
interest
$
11.39
interest
$
8.82
interest
$
5.39
interest
$
2.03
interest
$
3.45
interest
$
3.45
interest
$
4.06
interest
$
1.28
interest
$
0.43
interest
$
-
$
141,135.32
$ 141,135.32
finaipaym't
$
51,651.11
Wharton Weems
$
67,002.00
Wharton Weems
$
18,329.74
Wharton Weems
$
4,151.50
$
141,134.35
$
141,134.35
$ (141,134.35)
0.97
NOTICE OF MEETING OF
LA PORTE TAX INCREMENT REINVESTMENT ZONE
Notice is hereby given of the meeting of the La Porte Tax Increment Reinvestment Zone to be held
Wednesday, August 22, 2012 at 6:30 p.m. in the Council Chambers of City Hall, 604 West Fairmont
Parkway, La Porte, Texas, for the purpose of considering the following agenda items:
1. Call to order — Lindsay Pfeiffer, President
2. Consider approval of the minutes of Board of Directors meeting held on April 4, 2012;
Consent agenda — any item may be removed by a board member for discussion
• 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. Receive and Consider Report regarding distribution of tax increment funds in accordance with
approved development agreements;
b. Receive and consider the Redevelopment Authority's FY 2012-13 Budget
c. Receive report from city, staff and developers with regard to development within the boundaries of
the tax increment reinvestment zone;
d. Consider approval or other action with regard to authority invoices;
e. Board member comments with regard to matters appearing on agenda and inquiry of staff regarding
specific factual information or existing policy;
f. Adjournment.
In compliance with the American Disabilities Act, the City of La Porte City will provide for reasonable
accommodations for persons attending public meetings. To better serve attendees, requests should be
received 24 hours prior to the meetings. Please contact Patrice Fogarty, City secretary, at 281-470-5019
or TDD 281-471-5030.
A possible quorum of city council members may be present at this meeting and participate in discussions but
will take no action.
David W. Hawes
Executive Director
LA PORTE TAX INCREMENT REINVESTMENT ZONE,
CITY OF LA PORTE, TEXAS
AGENDA MEMORANDUM
TO: La Porte Tax Increment Reinvestment Zone
FROM: Zone Administrator
SUBJECT: Agenda Item Materials
2. Consider approval of the minutes of Board of Directors Meeting held on April 4, 2012;
3. Consent agenda — any item may be removed by a board member for discussion
• 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. Receive and Consider Report regarding distribution of tax increment funds in
accordance with approved development agreements;
b. Receive and consider Redevelopment Authority's FY 2012-13 Budget;
c. Receive report from city, staff and developers with regard to development within the
boundaries of the tax increment reinvestment zone;
d. Consider approval or other action with regard to authority invoices;
e. Board member comments with regard to matters appearing on agenda and inquiry of
staff regarding specific factual information or existing policy;
f. Adjournment.
LA PoRTE TAX INCREMENT REINVESTMENT ZONE
c/o Hawes Hill Calderon LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 713-541-9906
La Porte Tax Increment Reinvestment Zone Number One,
City of LaPorte, Texas
Minutes of the Board Meeting
Held April 4, 2012
Call to order — Lindsay Pfeiffer, Chairman
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 4t' day of April, 2012; the meeting
was called to order at 7:16 p.m. in the City Council Conference Room of the City Hall, 604 West
Fairmont Parkway, LaPorte, 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 Director Martin, thus constituting a quorum. Also
present at the meeting were Stacey Osborne and David Hawes.
Consider approval of the minutes of the Board of Directors meeting held on February 2,
2012.
Upon motion made by Director Leopard, seconded by Director Tumquist, the board voted
unanimously to approve the minutes as presented.
CONSENT AGENDA — ANY ITEM MAY BE REMOVED BY A BOARD 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. Receive and consider the Redevelopment Authority's FY 2011 audit;
b. Consider approval or other action with regard to authority invoices
c. Board member comments with regard to matters appearing on agenda and inquiry of staff regarding
specific factual information or existing policy.
d. Adjournment.
Upon motion duly made by Director Porter, seconded by Director Antone, the Board voted
unanimously to adopt the consent agenda and to approve all TIRZ items in the same form and manner
as they were approved in the previous Redevelopment Authority meeting.
The Board meeting adjourned at 7:17 p.m.
SIGNED:
TITLE:
ATTEST:
TITLE:
DATE: DATE: