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Home My WebLink About09-09-21 LPRDA/TIRZ Agendas and Agenda Materials Meetings of the Boards of Directors La Porte Redevelopment Authority La PorteTax Increment ReinvestmentZone September 9, 2021 NOTICEOF JOINT MEETING OF LA PORTE REDEVELOPMENT AUTHORITY AND THELA 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 4§´±²£ ¸Ǿ 3¤¯³¤¬¡¤± ΘǾ ΑΏΑΐǾ at ΕȀΒΏ ¯ȁ¬ȁ in the City Council Chambers atCity Hall, 604 West Fairmont Parkway, La Porte, Texas,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 minutesof the joint La Porte Redevelopment Authority and La Porte Tax Increment Reinvestment Zone meeting held onMay 6, 2021. 3.Receive update from J Morales Inc. regarding M Street Project. 4.Consider approval or other action regarding authority invoices; including approving developer disbursements for tax year 2020. 5.Receive and consider FY2021-2022 Budget. 6.Receive and consider Agreed-Upon Procedures Report for Hawthorne at LaPorte LLC. 7.Receive and accept Termination and Release of Existing Development Agreement with Vista Oaks GB, LLC. 8.Consider Development Agreement with Stonemarc at Bay Creek LLC. 9.Receive updates from the city, developers,and staff aboutdevelopment within the Zone. 10.Board member comments. a.Matters appearing on agenda b.Inquiry of staff regarding specific factual information or existing policy 11.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 Persons with disabilities who plan to attend this meeting and would like to request auxiliary aids or services are requested to contact the Executive Director at (713)595-1200 at least three business days prior to the meeting so that the appropriate arrangements can be made. 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 May 6, 2021. LPRA UTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 21 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 on Thursday, May 6, 2021 at 6:30 p.m. via videoconference, with access available to the public pursuant to Texas Government Code , 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 Rick Helton 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 Beasley, Leopard and Janda, thus constituting a quorum. Also present were David Hawes, Naina Magon, Linda Clayton, and Leticia Rodriguez, all with Hawes Hill & Associates, LLP; Chase Hudson, Hunton Andrews Kurth, LLP; Corby Alexander, Jason Weeks and Teresa Vazquez-Evans, City of La Porte; Paul Grohman and Alan Mueller, Gromax Development; and Nicole Zimmerman, History Maker Homes. Chairman Martin called the meeting to order at 6:35 p.m. Upon a motion made by Director Goodwin, and seconded by Director Helton, the Board voted unanimously to approve the Minutes of the April 28, 2021, joint Board meeting, as presented. - LAPORTE The auditor is waiting for additional information from developer. This item was tabled. Chairman Martin reminded the Board it is not the TIRZs responsibility to approve policies. He stated policy decisions are made by the City. Mr. Hawes reviewed changes made to Section 2.3. (E) on page 5 of the Agreement. He stated the only changes made to the agreement were items (5) and (6) under this Section. He reported (5) states no commercial development will be allowed to include fuel dispensing; and (6) states all development activity will comply with any approved SCUP associated with the 56.7 acres of development. He stated the Developer pays for the public infrastructure and is only reimbursed for the water, sewer, and drainage component if increment is produced. There was a lengthy discussion regarding the development. Director Antone stated she has concerns and is opposed to commercial development on the property. Director Antone made a motion to table approval of the Development Agreement until the SCUP is approved. Director Goodwin seconded. Director Porter stated the TIRZ/Authority does not have authority to approve the SCUP. Mr. Mueller provided an overview of the timeline and stated there is no guaranty that Dr. Redi will extend the feasibility period. After a lengthy discussion by the Board. The Board was polled on the motion. Directors Porter, Goodwin, Helton, and Martin voted not to table. Director Antone voted to table. The motion did not pass. Director Goodwin moved to approve the Development Agreement with HMH La Porte Land, LLC. Director Porter seconded. Directors Porter, Martin, Goodwin, and Helton voted to approve. Director Antone voted nay. The motion passed. MMENTS: a. b.policy. None. ADJOURNMENT. There being no further business to come before the Board, Chairman Martin adjourned the meeting at 7:21 p.m. ___________________________________________________________ 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.Receive update from J Morales Inc. regarding M Street Project. LPRA 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 4.Consider approval or other action regarding authority invoices; including approving developer disbursements for tax year 2020. LPRA UTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 LAPORTEDEVELOPERREIMBURSEMENTSTAXYEAR2020VALUES 9/9/2021 County DevelopmentBalance9/30/20CityPaymentsPaymentsISDPaymentsTotalPaymentsBalanceDueTo AgreementAudit09/08/20219/08/20219/08/219/08/2021Developers 65LaPorte(LakesofFairmontGreens)7,103,500.00$$3,038,281.00$132,226.27$144,358.90$276,585.18$2,761,695.82 P$224,670.00$$$$ RetreatatBayForestL BeazerHomesTexasLP$2,097,298.00$1,480,695.00$112,246.78$112,246.78$1,368,448.22 SeniorAssociates$475,431.00$9,780.68$9,780.68$465,650.32 LibertyPropertyLimitedPartnership14,844,135.00$$$$ Jabez(FairmontLakesNorth)$1,952,754.00(1) Hawthorne$2,019,908.00(1) Reserve$ TOTAL$24,269,603.00$4,994,407.00$254,253.74$$144,358.90$398,612.64$4,595,794.36 (1)NoAUP L A P ORTE R EDEVELOPMENT A UTHORITY, C ITY OF L A P ORTE,T EXAS A GENDA M EMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 5.Receive and consider FY2021-2022 Budget. LPRA UTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 La Porte Redevelopment Authority Tax Increment Reinvestment Zone Number One City of La Porte FY 2021 - 22 Proposed Budget 2020-21 2021-22 Approved 2020-21 Proposed BudgetEstimated Budget Revenues: Total Revenues$ 11,021,153$ 11,384,669$ 16,056,557 TIRZ M&O Expenses: Total Expenses$ 68,720$ 68,368$ 49,020 Transfers Total Transfers$ 2,092,368$ 2,156,274$ 2,195,347 Capital Improvements $ 1,347,300$ 478,613$ 2,198,613 Ending Fund Balance$ 7,512,765$ 8,681,414$ 11,613,577 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 Agreed-Upon Procedures Report for Hawthorne at LaPorte LLC. LPRA 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 7.Receive and accept Termination and Release of Existing Development Agreement with Vista Oaks GB, LLC. LPRA 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.Consider Development Agreement with Stonemarc at Bay Creek LLC. LPRA 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 LPRA 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.Receive updates from the city, developers, and staff about development within the Zone. LPRA 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 10.Board Member Comments. a.Matters appearing on agenda. b.Inquiry of staff regarding specific factual information or existing policy. LPRA 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 11.Adjournment. LPRA UTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314