HomeMy WebLinkAbout08-26-20 LPRDA/TIRZ
Agendas and Agenda Materials
Meetings of the Boards of Directors
La Porte
Redevelopment Authority
La Porte Tax Increment
Reinvestment Zone
August 26, 2020
NOTICE OF JOINT MEETING OF LA PORTE REDEVELOPMENT AUTHORITY
AND THE LA PORTE TAX INCREMENT REINVESTMENT ZONE
NOTICE is hereby given of the joint meeting of the La Porte Redevelopment Authority and La Porte Tax Increment
Reinvestment Zone to be held Wednesday20,atvia Zoom videoconference at:
https://us02web.zoom.us/j/85002416753?pwd=cEZjWjZEUTl1UFJtbWVwVDJHWXhDUT09
or via teleconference at: (346) 248-7799; Meeting ID: ; Password: 380141; open to the public, to consider,
discuss, and adopt such orders, resolutions or motions, and take direct actions as may be necessary, convenient, or desirable,
with respect to the following matters:
AGENDA
1. Call to order
2. Approve minutes of the joint La Porte Redevelopment Authority and La Porte Tax Increment Reinvestment Zone meeting
held on April 15, 2020.
3. Consider 2-year proposal from McCall Gibson Swedlund Barfoot to prepare FY2020 and FY2021 Annual Audit.
4. Receive update from J Morales Inc. regarding M Street Project.
5. Approve developer disbursements for tax year 2019.
6. Receive and consider FY2020-2021 Budget.
7. Consider approval or other action regarding authority invoices.
8. Receive updates from the city, developers and staff about development within the Zone.
9. Board member comments.
a. Matters appearing on agenda
b. Inquiry of staff regarding specific factual information or existing policy
10. Adjournment.
As a result of the current COVID-19 virus epidemic emergency, the convening at one location of a quorum of the Board is difficult or impossible. Therefore, the Board
will conduct this meeting by video/telephone conference call rather than by physical quorum pursuant to Texas Government Code Sec. 551.125 and guidance of the
Governor of the State of Texas. Members of the public are entitled to participate and address the Board during the video/telephonic meeting. In all respects, this
meeting will be open to the public and compliant with applicable law and guidance of the Governor of the State of Texas. An electronic copy of the agenda packet
(which consists of the regular reports presented to the Board by its consultants) can be found at:
https://www.dropbox.com/sh/8nlagt6fu71n1gc/AACNwo1J_oNk_qDnzMhhoWIOa?dl=0
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
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
2. Approve minutes of the joint La Porte Redevelopment Authority and La Porte Tax Increment
Reinvestment Zone meeting held on April 15, 2020.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
20
The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, and La Porte
Tax Increment Reinvestment Zone, held a regular joint meeting, open to the public, on Wednesday,
April 15, 2020, at 6:30 p.m., via videoconference, and the roll was called of the duly appointed
members of the Board, to-wit:
Peggy Antone, 3¤¢±¤³ ±¸ Position 1 Mark Goodwin Position 6
Barry Beasley Position 2 Chester Pool, 6¨¢¤ȃ#§ ¨± Position 7
Alton Porter Position 3 David Janda Position 8
Horace Leopard Position 4 Vacant Position 9
Doug Martin, #§ ¨±¬ Position 5
and all of the above were present, with the exception of Directors Leopard, thus constituting a
quorum. Also present were David Hawes, Linda Clayton, Josh Hawes and Alan Bernstein, all with
Hawes Hill & Associates, LLP; Jason Weeks and Ryan Cramer, City of La Porte; Justin Jenkins, McCall
Gibson Swedlund Barfoot PLLC; Javier Morales, J. Morales, Inc.; and Sophia Filfill. Chairman Martin
called the meeting to order at 6:36 p.m.
Mr. Hawes stated due to the COVID19 pandemic the Governor of Texas and Harris County Attorney
have declared an emergency. He stated convening at one location of a quorum of the Board is difficult
or impossible and pursuant to the Governor of the State of Texas certain aspects of the Open Meetings
Act have been revised during the pandemic and allows for governmental entities to meet by
videoconference rather than by physical quorum. He went over the requirements to hold the meeting
via videoconference. He stated in all respects the meeting is open to the public and compliant with
applicable law and guidelines outlined by the Governor of the State of Texas. Upon a motion duly
made by Director Antone, and being seconded by Director Pool, the Board found there is an
emergency and voted unanimously to declare an emergency.
.
Upon a motion duly made by Director Goodwin, and being seconded by Director Beasley, Directors
Antone, Beasley, Martin, Goodwin, Pool and Janda voted to approve the Minutes of the February 19,
2020, Board meeting. Director Porter abstained. The motion passed.
Mr. Hawes presented the engagement proposal from McCall Gibson Swedlund Barfoot PLLC to
prepare the Agreed Upon Procedures Report for 65 La Porte Ltd. in an estimated cost between $4,000
and $6,000. Upon a motion duly made by Director Beasley, and being seconded by Director Pool, the
Board voted unanimously to approve the engagement of McCall Gibson Swedlund Barfoot PLLC to
prepare the Agreed Upon Procedures Report for 65 La Porte, Ltd., as presented.
Mr. Jenkins presented the Report on Applying Agreed-Upon Procedures to Construction, Engineering
and Related Costs Reimbursable to 65 La Porte, Ltd., included in the Board materials. He went over
originally submitted an appraisal total of $4,973,568.60 and McCall revised the reimbursable amount
to $4,293,060.35 and went over the changes made. He went over the Schedule of Construction,
Engineering and Related Costs Reimbursable on Schedule A and answered questions. Upon a motion
duly made by Director Pool, and being seconded by Director Porter, the Board voted unanimously to
approve the Applying Agreed-Upon Procedures to Construction, Engineering and Related Costs
Reimbursable to 65 La Porte, Ltd., as presented.
Mr. Hawes reviewed the Assignment of Rights (Developer Agreement), included in the Board
approval. Upon a motion duly made by Director Beasley, and being seconded by Director Goodwin,
the Board voted unanimously to approve the Assignment of Rights (Developer Agreement), as
presented.
Mr. Morales provided an update on the M Street project. He reported the 60% plans will be submitted
to the City next Friday. No action from the Board was required.
s Report and went over invoices included in the Board
materials. He reported three checks were being presented for payment this month: (1) Malladi S.
Reddy for the 65 La Porte, Ltd. reimbursement in the amount of $1,028,837.38; (2) J. Morales, Inc. in
the amount of $24,000.00 for invoice #19820 and invoice #19853; and (3) Hawes Hill & Associates,
LLP in the amount of $4,162.80 for invoice #43016272 and invoice #43016294. Upon a motion duly
made by Director Beasley, and being seconded by Director Antone, the Board voted unanimously to
Ћ tğŭĻ
There was general discussion regarding various properties in the Zone. Mr. Pool announced he has
tendered his resignation from the Board effective May 1, 2020. He reported he is moving out of the
area. No action from the Board was required.
b.
Nothing to report.
ADJOURN.
There being no further business to come before the Board, Chairman Martin adjourned the meeting
at 7:06 p.m.
__________________________________________________
Ќ tğŭĻ
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
3. Consider 2-year proposal from McCall Gibson Swedlund Barfoot to prepare FY2020 and FY2021
Annual Audit.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
McCALL GIBSON SWEDLUND BARFOOT PLLC
Certified Public Accountants
13100 Wortham Center Drive
Suite 235 9600 Great Hills Trail
Houston, Texas 77065-5610 Suite 150W
(713) 462-0341 Austin, Texas 78759
Fax (713) 462-2708 (512) 610-2209
E-Mail:mgsb@mgsbpllc.com www.mgsbpllc.com
Member of
American Institute of Certified Public Accountants
Texas Society of Certified Public Accountants
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
4. Receive update from J Morales Inc. regarding M Street Project.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
5. Approve developer disbursements for tax year 2019.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
781
7
To
Due
469,962.6
3,131,645.61,438,494.1
5,040,102.4
Developers
Balance
$
$$$$$
0020 0
6,153.0
10,457.39
Payments
132,577.3110,900.8588,693.0
848,781.5
8/26/2020
Total
$$$$$$$
Payments
12/04/2020
ISD
$
00
0
)
2020
County
588,693.0333,158.0
921,851.0
Payments
8/21/2020
S
$$$
1
002 1
VALUE
(December
2019
6,153.0
10,457.39
Payments 132,577.3110,900.8
2,499,222.7
Payments
YEAR
08/21/2020
City
$
$$$$$
ISD
TAX
(2)(2)(2)(3)2,239,134.2
70000 7
6,153.0
9/30/19
8/26/2020
588,693.0Only
Audit
3,264,222.91,549,395.0
5,888,883.9
OnlyOnlyOnlyOnly
REIMBURSEMENTS
Balance
$
$$$$$
CityCityCityCityCounty
)))))
000001
00 011
DEVELOPER
)
PORTE
(2,559,938.10
Agreement
2020
Development
LA
$$$$$$$$$$$$$$$$$$$
(August
TIRZ
Balance
Remaining
Greens)(132,577.30
to
Greens)7,103,500.0
Remaining
Partnership(588,693.00
Partnership14,844,135.0
allocated
and
LP(6,153.00)
Fairmont
LP(110,900.82
North)1,952,754.0
t
LP224,670.0
Fairmont
LP2,097,298.0
of
of
Limited
amount
Limited
Texas
Forest
LakesPayments(848,781.50
Texas
Forest
LLC816,40
(Lakes
AUP
Developers
Payments
RefundIncremen
Bay
(Lakes
Bay
to
of
GB,Balance2,620,712.2
at
includes
Property
Homes
ISDISD
Non
Associates(10,457.39)
Hand6,029,431.8
at
Porte
Property
Homes
Associates480,420.0
(Fairmont
Porte
AUP Developer
Oak
on
for
La
La
PortePorte
NoReserve
65RetreatBeazerSeniorLiberty
65RetreatBeazerSeniorLibertyVistaJabezHawthorne2,019,908.0Reserve TOTAL25,086,003.0Summary CashPaymentsTotalLaLa Balance2,620,712.2 Hold Available
(2)(3)
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
6. Receive and consider FY2020-2021 Budget.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
La Porte Redevelopment Authority
Tax Increment Reinvestment Zone Number One
City of La Porte
FY 2020 - 21 Proposed Budget
2019-20 2020-21
Approved 2019-20 Proposed
BudgetEstimatedBudget
Revenues:
Beginning Fund Balance1,833,855$ 1,848,098$ 4,813,423$
Estimated TIRZ Revenues
City1,460,335$ 1,834,134$ 1,889,158$
County715,821$ $921,851$ 949,507
LPISD3,331,162$ 3,810,140$ 3,924,445$
Interest on TIRZ Funds975$ 975$ 975$
Estimated TIRZ Developer Advances-$ -$ -$
Bayforest Land, Ltd.-$ -$ -$
Lakes of Fairmont Greens-$ -$ -$
Beazer Homes - Expansion Area-$ -$ -$
Senior Associates - Expansion Area-$ -$ -$
Port Crossing-$ -$
Total Revenues7,342,148$ 8,415,198$ 11,577,507$
TIRZ M&O Expenses:
Administration and Project Management24,000$ 24,000$ 24,000$
Legal7,400$ 7,500$ 7,500$
Agreed Upon Procedures Reports7,000$ 6,700$ 7,000$
Annual Audit8,500$ 8,700$ 8,700$
Operating Expenses1,450$ 1,358$ 1,450$
Bank Expenses70$ 68$ 70$
Total Expenses48,420$ 48,326$ 48,720$
Transfers
City Administration72,775$ 71,000$ 72,775$
ISD Refund274,628$ $ 274,628$ 274,628
Educational Facilities1,249,127$ 1,250,202$ 1,281,457$
Total Transfers1,596,530$ 1,595,830$ 1,628,860$
Capital Improvements
M Street80,000$ 1,000,000$
City CIP Trunk Line Project-$ -$ -$
Bayforest Land, Ltd.-$ -$ -$
Beazer Homes Capital Improvements-$ -$ -$
Senior Associates Capital Improvements-$ -$ -$
Port Crossing Capital Improvements-$ -$ -$
TIRZ Developer Reimbursements
Lakes of Fairmont Greens-$ $ 132,5941,161,415$
Beazer Homes113,553$ 110,901$ 110,901$
Senior Associates8,877$ 10,457$ 10,457$
Retreat at Bay Forest52,427$ 6,153$
Port Crossing3,016,305$ 588,693$
$ 1,957,6193,191,162$ 1,253,952$
Ending Fund Balance2,506,036$ 4,813,423$ 8,645,975$
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
7. Consider approval or other action regarding authority invoices.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
8. Receive updates from the city, developers and staff about development within the Zone.
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314
L A P ORTE R EDEVELOPMENT A UTHORITY,
C ITY OF L A P ORTE,T EXAS
A GENDA M EMORANDUM
TO: La Porte Redevelopment Authority Board of Directors
FROM: Executive Director
SUBJECT: Agenda Item Materials
9. Board member comments.
a. Matters appearing on agenda
b. Inquiry of staff regarding specific factual information or existing policy
L A P ORTE R EDEVELOPMENT A UTHORITY
c/o Hawes Hill & Associates LLP
P.O. Box 22167
Houston TX 77227-2167
713-595-1200 or FAX 281-888-6314