HomeMy WebLinkAbout09-26-12 LPRDA TIRZAgendas and Agenda Materials
Meetings of the Boards of Directors
La. Porte Redevelopment Authority
La Porte Tax Increment
Zone
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,
September 26, 2012 at 6:30 p.m, in the Council Chambers of City Hall, 604 West Fail -Mont 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 August 22, 2012;
3. Consider professional services agreement to prepare FY 2012 Redevelopment Authority audit;
4. Discuss Report regarding distribution of tax increment funds in accordance with approved
development agreements;
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
C_'<Dt'--QMV_P_J
La Porte Redevelopment Authority,
City of LaPorte, 'Texas
Minutes of the Board Meeting
Held August 22, 2012
1. Call to order — Doug Martin, Vice 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 22'nd day of August, 2012; the meeting was called to order at
6:42 p.m. in the City Council Chambers of the City council conference Room, 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 except Directors Graham and Pfeiffer; thus constituting a
quorum. Also present at the meeting were Stacey Osborne, Corby Alexander, representative of
National and Bill Calderon.
2. Consider approval of the minutes of Board of Directors Meeting held on April 4, 2012.
Upon motion made by Director Pool, seconded by Director Porter, the board voted unanimously
to approve minutes as presented.
3. Receive and consider report regarding distribution of tax increment funds in accordance
with approved development agreements.
Mr. Calderon reviewed the report with the board and responded to questions and comments from
the board. There was specific discussion with regard to the calculation of the city's 5% city
services fee. Upon motion made by Director Pool, seconded by Director Turnquist, the board
voted unanimously to approve the funds distribution.
4. Receive and consider Redevelopment Authority's FY 2012-13 Budget
Mr. Calderon reviewed the proposed budget with the board and answered questions. Upon
motion made by Director Antone, seconded by Director Turnquist, the board voted unanimously
to approve the 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.
Staff informed the board that 10 single family homes were under construction in the Lakes of
Fairmont Greens development.
6. Consider approval or other action with regard to authority invoices.
Mr. Calderon presented the invoices. Upon a motion made by Director Porter, and being
seconded by Director Turnquist, the board unanimously approved payment of the invoices.
7. Board comments ---None were offered.
S. Adjournment.
Chairman Martin adjourned the meeting at 7:25 PM.
SIGNED: ATTEST:
TITLE:
TITLE:
DATE: DATE:
WCALL GIBSoN SWEDLUND BARFOOT PLLC
Certified Public Accountants
13100 Wortlram Center Drive
Suite 235
111 Congress Avenue
Houston, Texas 77065-5610
Suite 400
(713) 462-0341
Austin, Texas 78707
Fax (713) 462-2708
(512) 610-2209
E-Mail: mSsb@mgsblrltc.cottt
;trtoto.mgsblrllc.cam
September 26, 2012
Board of Directors
La Porte Redevelopment Authority
City of La Porte, Texas
Dear Board Members:
Enclosed is our engagement letter and various confirmations concerning the audit of La Porte
Redevelopment Authority (the "Authority") as of and for the year ended September 30, 2012. This year,
as in the past, we look forward to working for you.
As noted in the engagement letter, our cost for the audit will be at our standard hourly rates and includes
any other direct charges. Based on a budget of 52 hours, we estimate the fee for the audit to range
between $5,500 and $7,000. This is strictly a range and not a fixed bid amount. If during the course of
the audit, we determine that this estimate is not adequate because of special problems or circumstances,
we will discuss these problems with the President or Board of Directors prior to proceeding further. See
the attached schedule of rates, budgeted hours by position, experience and training of the persons
involved in your audit.
Your Authority is very important to us and we sincerely want to work for you. Please feel free to give us
a call if you have any questions regarding this engagement or the contents of this letter.
Sincerely,
ti
For the Firm
McCall Gibson SwedIund Barfoot PLLC
Certified Public Accountants
Attachments
Member of
Auterican Institute of Certified Public Accountants
Texas Society of Certified PublicAccountatrts
Hoard of Directors
La Porte Redevelopment Authority
September 26, 2012
Page 2
We estimate the following classifications of personnel and budgeted hours will be required to perform
the audit:
Rates Per
Hour
Hours
One Staff Professional
$80 - $120
18
Experience:
Zero to three yews
Training:
Degreed accountant or trained paraprofessional.
Functions:
To accomplish procedures commensurate with experience.
One Audit Senior or Audit Manager
$120 - $160
20
Experience:
Three to thirty years of auditing experience
Training:
Certified Public Accountant or Candidate.
Functions:
To supervise and accept responsibility for draft report.
One Partner (Shareholder)
$200
8
Experience:
Sixteen to twenty-seven years of experience
Training:
Certified Public Accountant
Functions:
Review, supervision and accept final report responsibility.
Clerical Support Staff
$50 - $80
Word processing, confirmation control and report assembly.
6
Total Hours
52
WCALL GIBSON SWEDLUND BARFOOT PLLC
Certified Pudic Accountants
13100 Wortham Center give
Suite 235
Houston, Texas 77065-5610
111 Congress Aven tie
(713) 462-0341
Suite 400
Fax (713) 462-2708
Austin, Texas 78701
E-Mail: nt sb@nt sb 11c.cottt
(512) 610-2209
zuzutv.nt sb 11c.cone
September 26, 2012
Board of Directors
La Porte Redevelopment Authority
City of La Porte, Texas
We are pleased to confirm our understanding of the services we are to provide La Porte Redevelopment
Authority (the "Authority") for the year ended September 30, 2012. We will audit the financial
statements of the governmental activities and each major fund, which collectively comprise the basic
financial statements of the Authority as of and for the year ended September 30, 2012. Accounting
standards generally accepted in the United States of America provide for certain required supplementary
information (RSI), such as management's discussion and analysis (MD&A), to supplement the
Authority's basic financial statements. Such information, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board (GASB) who considers it to be
an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. As part of our engagement, we will apply certain limited
procedures to the Authority's RSI in accordance with auditing standards generally accepted in the United
States of America. These limited procedures will consist of inquiries of management regarding the
methods of preparing the information and comparing the information for consistency with management's
responses to our inquiries, the basic financial statements, and other knowledge we obtained during our
audit of the basic financial statements. We will not express an opinion or provide any assurance on the
information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance. The following RSI is required by generally accepted accounting
principles and will be subjected to certain limited procedures, but will not be audited:
1) Management's Discussion and Analysis, and
2) Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual —
General Fund
We have also been engaged to report on supplementary information other than RSI that accompanies the
Authority's financial statements. The document we submit to you will include various supplementary
schedules. This supplementary information will be subjected to the auditing procedures applied in our
audit of the financial statements and certain additional procedures, including comparing and reconciling
such information directly to the underlying accounting and other records used to prepare the financial
statements or to the financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America and we will provide an opinion on
it in relation to the financial statements as a whole except for that portion marked "unaudited", on which
we will express no opinion.
Member of
American Institute of Certified Public Accountants
Texas Sociehf of Certified PublicAccountauts
Board of Directors September 26, 2012
La Porte Redevelopment Authority Page 2
Audit Objective
The objective of our audit is the expression of opinions as to whether your basic financial statements are
fairly presented, in all material respects, in conformity with generally accepted accounting principles and
to report on the fairness of the supplementary information referred to in the second paragraph when
considered in relation to the financial statements taken as a whole. Our audit will be conducted in
accordance with auditing standards generally accepted in the United States of America and will include
tests of the accounting records and other procedures we consider necessary to enable us to express such
opinions. If our opinions on the financial statements are other than unqualified, we will discuss the
reasons with you in advance. If for any reason, we are unable to complete the audit or are unable to form
or have not formed opinions, we may decline to express opinions or to issue a report as a result of this
engagement.
Management Responsibilities
Management is responsible for the basic financial statements and all accompanying information as well as
all representations contained therein. You are also responsible for making all management decisions and
performing all management functions; for overseeing our financial statement preparation services and any
other nonattest services we provide; and for evaluating the adequacy and results of those services and
accepting responsibility for them. Nonattest services to be provided include the preparation of the
financial statements, preparation of the appropriate capital asset schedules, if any, including calculation of
depreciation on the capital assets and preparation of the journal entries to convert the fund financial
statements to the government -wide financial statements as required by generally accepted accounting
principles.
Management is responsible for establishing and maintaining effective internal controls, including
monitoring ongoing activities: for the selection and application of accounting principles; for the fair
presentation in the financial statements of the respective financial position of the governmental activities
and each major fund of the Authority and the respective changes in financial position in conformity with
U.S. generally accepted accounting principles.
Management is responsible for making all financial records and related information available to us and
for the accuracy and completeness of that information. You are also responsible for providing us with (1)
access to all information of which you are aware that is relevant to the preparation and fair presentation of
the financial statements, (2) additional information that we may request for the purpose of the audit, and
(3) unrestricted access to persons within the government from whom we determine it necessary to obtain
audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for
confirming to us in the written representation letter that the effects of any uncorrected misstatements
aggregated by us during the current engagement and pertaining to the latest period presented are
immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect
fraud, and for informing us about all known or suspected fraud or illegal acts affecting the Authority
involving (1) management, (2) employees who have significant roles in internal control, and (3) others
where the fraud or illegal acts could have a material effect on the financial statements. Your
responsibilities include informing us of your knowledge of any allegations of fraud or suspected fraud
affecting the Authority received in communications from employees, former employees, consultants,
Board of Directors September 26, 2012
La Porte Redevelopment Authority Page 3
Management Responsibilities (Continued)
regulators, the public or others. Iir addition, you are responsible for identifying and ensuring that the
Authority complies with applicable laws and regulations.
You are responsible for the preparation of the supplementary information. You agree to include our
report on the supplementary information in any document that contains and indicates that we have
reported on the supplementary information. You also agree to include the audited financial statements
with any presentation of the supplementary information that includes our report thereon. With regard to
using the auditor's report, you understand that you must obtain our written consent to reproduce or use
our report in bond offering official statements or other documents.
With regard to the electronic dissemination of audited financial statements, including financial statements
published electronically on your website, you understand that electronic sites are a means to distribute
information and, therefore, we are not required to read the information contained in these sites or to
consider the consistency of other information in the electronic site with the original document.
Audit Procedures - General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements; therefore, our audit will involve judgment about the number of transactions to be
examined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of significant accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements. We will plan and perform the audit to
obtain reasonable rather than absolute assurance about whether the financial statements are free of
material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of
assets, or (4) violations of laws or governmental regulations that are attributable to the Authority or to acts
by management or employees acting on behalf of the Authority.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control,
and because we will not perform a detailed examination of all transactions, there is a risk that material
misstatements may exist and not be detected by us, even though the audit is properly planned and
performed in accordance with U.S. generally accepted auditing standards. In addition, an audit is not
designed to detect immaterial misstatements, or violations of laws or governmental regulations that do not
have a direct and material effect on the financial statements. However, we will inform you of any
material errors and any fraudulent financial reporting or misappropriation of assets that come to our
attention. We will also inform you of any violations of laws or governmental regulations that come to our
attention, unless clearly inconsequential. Our responsibility as auditor is limited to the period covered by
our audit and does not extend to any later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the
accounts, and may include direct confirmation of certain assets and liabilities by correspondence with
selected individuals, creditors, and financial institutions. We will request written representations from
your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the
conclusion of our audit, we will also require certain written representations from you about the financial
statements and related matters.
Board of Directors
La Porte Redevelopment Authority
Audit Procedures — Internal Control
September 26, 2012
Page 4
Our audit will include obtaining an understanding of the Authority and its environment, including internal
control, sufficient to assess the risks of material misstatement of the financial statements and to design the
nature, timing, and extent of further audit procedures. An audit is not designed to provide assurance on
internal control or to identify deficiencies in internal control. However, during the audit, we will
communicate to management and those charged with governance internal control related matters that are
required to be communicated under professional standards.
Audit Procedures — Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material
misstatements, we will perform tests of the Authority's compliance with applicable laws and regulations
and the provisions of certain contracts and agreements. However, the objective of our audit will not be to
provide an opinion on overall compliance and we will not express such an opinion.
Engagement, Administration, Fees and Other
In accordance with provisions of the Local Records Retention Schedule Section 2-1: Item 1025-01(e) we
agree to retain our audit work papers in our office for a period of three years after all questions arising
from the audit have been resolved. In order to allow for all questions arising from, the audit to be resolved
and to comply with Rule 501.76(f) of the Rules of Professional Conduct of the Texas State Board of
Public Accountancy the actual date will be the five-year anniversary of the audit report in question.
We expect to present a draft of the audit report within 45 days of the availability of the Authority's
accounting records. Chris Swedlund is the engagement partner and is responsible for supervising the
engagement and signing the report or authorizing another individual to sign the report. Our fees for these
services will be at our standard hourly rates and include any other direct charges. Our standard hourly
rates vary according to the degree of responsibility involved and the experience level of the personnel
assigned to your audit. An interim bill will be rendered for payment at the time of presentation of a draft
audit for approval by the Board of Directors and is due upon presentation, The following is an estimate of
our fees for the services included in this engagement letter.
• Audit of the Authority financial statements for the year ended September 30, 2012, to range
between $5,500 and $7,000
If for any reason our services are terminated prior to issuance of a final report, our engagement will be
deemed to have been completed, even if we have not completed our report. The Authority will be
obligated to compensate us for our time expended and to reimburse us for all out-of-pocket costs through
the date of termination. The above fee is based on anticipated cooperation from your consultants and the
assumption that unexpected circumstances will not be encountered during the audit. If significant
additional time is necessary, we will discuss it with you and arrive at a new fee estimate before we incur
the additional costs.
Board of Directors
La Porte Redevelopment Authority
September 26, 2012
Page 5
You agree that any dispute regarding this engagement will, prior to resorting to litigation, be submitted to
mediation upon written request by either party. Both parties agree to t'y in good faith to settle the dispute
in mediation. The American Arbitration Association will administer any such mediation in accordance
with its Commercial Mediation Rules. The results of the mediation proceeding shall be binding only if
each of us agrees to be bound. We will share any costs of mediation proceedings equally.
We believe this letter accurately summarizes the significant terms of the engagement. If you have any
questions, please let us Icnow. If you agree with the terms of the engagement as described in this letter,
please sign the enclosed copy and return it to us. We appreciate the confidence you have placed in us by
retaining this firm as your independent auditor in this matter.
Sincerely,
�� y / I
r � �•�,
McCall Gibson Swedlund Barfoot PLLC
Certified Public Accountants
This letter correctly sets forth the understanding of the La Porte Redevelopment Authority.
Signature
Engagement Letter
Title
Date
McCALL GIBSON SWEDLUND BARFOOT PLLC
Certified Public Accountants
13100 Wortltant Center Drive
111 CottgressAvertrle
Suite 235
400
Houstott, Texas 77065-5610
Texas a
Austin,ntt, Te787Q1
(713) 462-0341
{512) 61D 22Q3
Fax (713) 462-2708
't1JiUUi.111�561721C.COnt
E-Mail: n1Qsb@w sbullc.coilt
September 26, 2012
Dear Board Member:
We will soon begin the audit field work for the audits of La Porte Redevelopment Authority
for the fiscal year ending September 30, 2012. Statement on Auditing Standards No. 99 states
that "the auditor has a responsibility to plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatements, whether caused by
error or fraud." In addition, in Statement on Auditing Standard No. 99 the distinction between
fraud and error is clarified, "The primary factor that distinguishes fraud from error is whether the
underlying action that results in the misstatement of the financial statements is intentional or
unintentional. For purposes of the section, fraud is an intentional act that results in a material
misstatement in financial statements that are the subject of an audit." The distribution of this
questionnaire to you will be documented in our planning process of this audit.
Please complete the following questions with a yes or no answer. If any answers to the questions
warrant a call to our office, please contact us at the above phone number. Your response should
include matters that existed up to the fiscal year end and through the date of the auditor's report.
Your call and the information provided will be kept confidential.
in advance, we thank you for your timely assistance on this matter.
Sincerely,
Chris Swedlund
CSJg
Member of
American lttstitttte ofCertifi'ed PrtblicAccotnrtants
Texas Society of Certified Public Accountants
Board Member
La Porte Redevelopment Authority
September 26, 2012
Page 2
Do you understand that there are risks of fraud within the Authority's Records,
as there are within the records of any organization?
From your position as a Director of the Authority are you aware of any fraud or
suspected fraud affecting the Authority? (if yes, call the auditor)
From your position as a Director of the Authority are you aware of any
allegations of fraud or suspected fraud affecting the Authority from sources
outside of the Authority's Management? (if yes, call the auditor)
To your knowledge, has the Authority's Management including consultants
expressed an understanding of the risk of fraud in the Authority, including any
specific fraud risks the entity has identified or account balances or classes of
transactions for which a risk of fraud may be Iikely to exist?
To your knowledge, has the Authority's Management including consultants
taken steps to mitigate the fraud risk or otherwise helped to prevent, deter, and
detect fraud? (if no, call the auditor)
To your knowledge, is the Authority in compliance with the laws and
regulations to which it is subject? (if no, call the auditor)
Do you from time to time communicate to the other Directors of the Authority
and respective consultants of the Authority the importance of ethical behavior
and the importance of following appropriate business practices? If no, would
you agree that it is important for the Authority to follow ethical' behavior in its
business practices? (if no to the second question, please call the auditor)
We are not requiring that your responses be returned to us, however, should your answer to any
of the questions warrant a call to the auditor, please call me at the number referred to above.
S as99directorsletters
LAPORu REDEVELOPMENT AUTHORITY,
CITY OF LA PORTE, 'TEXAS
AGENDA MEMORANDUM
,! TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT- Agenda Item Materials
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) $ -
$
$ _
Estimated TIRZ Revenues $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
Legal
Agreed Upon Procedures Reports
Annual Audit
Operating Expenses
Bank Expenses
City Loan Repayment
Total Expenses
Transfers
City Administration
Educational Facilities
Total Transfers
Capital Improvements
City CIP Trunk Line Project
TIRZ Developer Projects
Sylvan Beach Restoration Project
Lakes of Fairmont Greens
Retreat at Bay Forest
Port Crossing
-k $ 32,000 $ 27,000 $ 30,00019
$
1,000
$
-
$
1,000
$
-
$
-
$
3,000
$
3,200
$
4,000
$
4,000
$
750
$
1,449
$
750
$
-
$
62
$
60
$
-
$
-
$
-
$
36,960
$
32,511
$
38,810
$ 66,000
$
85,093
$
70,898
$ 395,000
$
392,683
$
342,871
$ 461,000
$
477,776
$
413,769
$ -
$
121,029
$
130,50044-
$
800,000
$
30,499
$
30,500
$
$1,205,754
$1,125,919
$1,200,000
$1,206,754
$1,277,448
$ 2,161,000
Ending Fund Balance $ 492,495 $1,105,364 $ 125,823
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La Porte Redevelopment Authority
Cash Flow Report, FY 2009-2012
Cleared
Bank Construction Account For Amount Subtotal Total
1
Beginning fund balance, 10101/2009
1013012009
Interest deposit (0.30%)
interest
11/30/2009
Interest deposit (0.15%)
interest
12/31/2009
Interest deposit (0.15%)
interest
1/31/2010
Interest deposit (0,10%)
interest
2/26/2010
Interest deposit (0,10%)
interest
3131/2010
Interest deposit (0.10%)
interest
4/30/2010
Interest deposit (0.20%)
Interest
5/31/2010
Interest deposit (0.20%)
interest
6/30/2010
Interest deposit (0.20%)
interest
713112010
Interest deposit (0.20%)
interest
8/31/2010
Interest deposit (0.20%)
Interest
9/30/2010
Interest deposit (0.20%)
Interest
Total, revenues
Cleared
Bank
Expenses
Checks paid.
11
$ 141,038.98
$ 34.78
$ 21.26
$ 11.39
$ 8.82
$ 5.39
$ 2.03
$ 3.45
$ 3.45
$ 4.06
$ 1.28
$ 0.43
$
/ 6/2009
#114 Uurwood Greene Construction Company
rinalpaym't $
61,651.11
2/29/2010
#115 Port Crossing Land, LP
Wharton Weems $
67,002.00
7/712010
#116 Port Crossing Land (PCL)
Wharton Weems $
18,320,74
8/1912010
#112 Jones & Carter
Wharton Weems $
4,151.50
Total, Checks paid
Checks outstanding
none
Total, Checks outstanding
Checks submitted for approval
none
Total, Checks submitted
Total expenses
Fund balance, Construction Account as of5eptember 26, 2012
$ 141,135.32 1 $ 141,135.32
$ 141,134.35
$ 141,134.35 $ (141,134.35)
$ 0.97
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McCALL GIBSON SWEDLUND BARFOOT PLLC
j Cer-tifted Public Accountants
13100 Warthaao Center beive
Suite 235
Houston, Texas 77065-5610
(713) 462-0341
Fax (713) 462-2708
E-Mail: mgsWmeftilc.cato
August 23, 2012
La forte Redevelopment Authority
c/o Ms. Susan Hill
Hawes Hill Calderon, L.L.P.
10103 Fondren Road, Suite 300
Houston, Texas 77096
Client Number — 537-00
IT7 CougrrssAvrnue
Smite 400
Auslirr, Texas 78701
(5T2) 610-2209
a ruev.rus sbklrccorrr
Audit of La Porte Redevelopment Authority as of and for the
year ended September 30, 2011, including discussing the audit
with the Board of Directors and testing for compliance with the
Public Funds Investment Act.
Total Billing $ 6,400.00
Less Interim Billing 4,000.00
Balance Due $ 2.400.00
Member of
American lnsriurle of Cert fled Public Accountants
Texas Society ofCerifed Public Accountants
Hawes Hill Cnlderon LLP
P.O. Box 22167
Houston TX 77227-2161
Bill To:
T[RZ -La Porte # 1
604 W. Fairmont P[cwy.
La Porte, TX 77571
Invoice d: 00004241
Date: 9/ 1/2012
Page: 1
invoice
DATE
mm DESCRIPTION
AMOUNT
9/26/2012
Project Management Services, August 20 [2
Board of Directors Meeting
Reimbursable expenses as follows:
In house copies & Binders 338 aQ .15 each & 13 Binders
$2,000.00
$1,500.00
$50.70
Sales Tax:
$0.00
Total Amount:
$3,550.70
Amount Applied:
$0.00
Balance Due:
$3,550.70
Terms: C.O.D,
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, September 26, 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:
I. Call to order — Lindsay Pfeiffer, President
2... Consider approval of the minutes of Board of Directors meeting held on August 22, 2012;
..3. Consent agenda — any item may be removed by a board member for discussion
Entertain motion and a second to approve the T1RZ items in the same form and manner as was approved
in the previous Redevelopment Authority meeting — Lindsey Pfeiffer, Chairperson
a. Consider professional services agreement to prepare FY 2012 Redevelopment Authority audit
b. Discuss Report regarding distribution of tax increment funds in accordance with approved
development agreements;
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
ar 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