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HomeMy WebLinkAbout7-27-22 La Porte Redevelopment Authority/TIRZ Packet Agendas and Agenda Materials Meetings of the Boards of Directors La Porte Redevelopment Authority La Porte Tax Increment Reinvestment Zone July 27, 2022 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. 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 Wednesday, July 27, 2022, at 6:30 p.m. in the City Council Chambers at City 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. Determine Quorum; and Call to Order. 2. Approve minutes of the joint La Porte Redevelopment Authority and La Porte Tax Increment Reinvestment Zone meeting held on June 29, 2022. 3. Receive update and recommendations regarding M Street Improvement project. a. Consider cancellation of award of contract and authorize value engineering and preparation of new bid package and advertisement for bids; and b. Consider proposal for services relating to value engineering and preparation and advertising of bids. 4. Consider approval or other action regarding authority invoices; including approval of developer disbursements for tax year 2021. 5. Receive and approve FY2023 Budget. 6. Receive updates from the city, developers, and staff about development within the Zone. 7. Board member comments. a. Matters appearing on agenda; and 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 pe rsons attending public meetings. To better serve attendees, requests should be received 24 hours prior to the meetings. Please cont act the 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 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 c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 2. Approve minutes of the joint La Porte Redevelopment Authority and La Porte Tax Increment Reinvestment Zone meeting held on June 29, 2022. MINUTES OF THE JOINT MEETING OF THE LA PORTE REDEVELOPMENT AUTHORITY and LA PORTE TAX INCREMENT REINVESTMENT ZONE BOARD OF DIRECTORS June 29, 2022 DETERMINE QUORUM; CALL TO ORDER. 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, June 29, 2022, at 6:30 p.m., in the Council Chambers of 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, Secretary 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 Kristen Lee Position 9 Doug Martin, Chairman Position 5 and all of the above were present, with the exception of Directors Porter and Leopard, thus constituting a quorum. Also present were David Hawes and Naina Magon, Hawes Hill & Associates, LLP; Corby Alexander, Matt Daeumer, and Julius Kizzee, City of La Porte; Javier Morales, J. Morales, Inc.; and Jon Skeele. Chairman Martin called the meeting to order at 6:30 p.m. APPROVE MINUTES OF THE JOINT LA PORTE REDEVELOPMENT AUTHORITY AND LA PORTE TAX INCREMENT REINVESTMENT ZONE MEETING HELD ON MAY 18, 2022. Upon a motion made by Director Goodwin, and seconded by Director Janda, the Board voted unanimously to approve the Minutes of the May 18, 2022, joint Board meeting, as presented. RECEIVE UPDATE AND RECOMMENDATIONS FROM J. MORALES, INC. a. Receive bid tabulations and recommendation for M Street Project; award contract and authorize execution of contract. Mr. Morales reported one bid was received for the M Street Improvement project from Mar-Con Services LLC with a proposed project duration of 270 days in the amount of $3,249,369.40, a copy of the bid tabulation is included in the board materials. He reported J. Morales, Inc. has reviewed the bid and determined the bidder is qualified and is recommending approval in awarding the contract to Mar-Con Services LLC. After full discussion by the Board, and upon a motion made by Director Helton, and seconded by Director Beasley, Directors Beasley, Martin, Helton and Lee voted to award the contract to the low bidder Mar-Con Services LLC in the amount of $3,249,369.40 and authorized execution of contract, all subject to the City value engineering with the Contractor. Directors Janda, Antone, and Goodwin voted against. The motion passed. DISCUSS AND CONSIDER POSSIBLE TIRZ EXPANSION. Upon a motion made by Director Goodwin, and seconded by Director Janda, the Board voted unanimously to authorize staff and the City to move forward in the process of a TIRZ expansion and to bring an Amended Project Plan and Finance Plan to the Board for consideration. 2 | P a g e CONSIDER APPROVAL OR OTHER ACTION REGARDING AUTHORITY INVOICES. Mr. Hawes reviewed the bookkeeper’s report and went over invoices, included in the Board materials. Upon a motion made by Director Antone, and seconded by Director Helton, the Board voted unanimously to accept the Bookkeeper’s Report and approved payment of invoices: (1) McCall Gibson Swedlund Barfoot Invoice in the amount of $6,000.00; (2) J. Morales, Inc. Invoice #20934 dated 6/3/2022 in the amount of $2,400.00; and (3) Hawes Hill & Associates LLP Invoice #1226 dated 6/1/2022 in the amount of $2,092.01, as presented. RECEIVE UPDATES FROM THE CITY, DEVELOPERS, AND STAFF ABOUT DEVELOPMENT WITHIN THE ZONE. None. BOARD MEMBER COMMENTS. a. Matters appearing on agenda; and b. Inquiry of staff regarding specific factual information or existing policy. None. ADJOURNMENT. There being no further business to come before the Board, Chairman Martin adjourned the meeting at 7:15 p.m. ______________________________________________________ Secretary 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 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 3. Receive update and recommendations regarding M Street Improvement project. a. Consider cancellation of award of contract and authorize value engineering and preparation of new bid package and advertisement for bids; and b. Consider proposal for services relating to value engineering and preparation and advertising of bids. TASK ORDER NO. 1 11750 Katy Freeway, Suite 400 • Houston, Texas 77079 • 832.318.8800 July 22, 2022 Mr. David Hawes Administrator 9600 Long Point Road, Suite 200 Houston, TX 77055 Re: Proposal for Miscellaneous Tasks and Bid Phase – M Street Improvement Project Dear Mr. Hawes, Gauge Engineering, LLC (Gauge) is pleased to submit this proposal for Miscellaneous Tasks and Bid Phase services for the M Street Improvement Project. The effort includes conducting a value engineering exercise, developing a project manual, and bid phase services. We propose to perform this work for a Lump Sum amount of $15,450.00. A detailed breakdown of the scope items and fee can be found under Exhibits “A” and “B”. Please feel free to contact me at (713) 254-5946 if you have any questions or need additional information. Sincerely, Accepted For La Porte TIRZ Muhammad Ali, P.E. Principal Signature Date Print Attachments: Exhibit A – Scope of Services Exhibit B – Level-of-Effort Page 1 of 1 EXHIBIT A SCOPE OF SERVICES M STREET IMPROVEMENT PROJECT MISCELLANEOUS TASKS AND BID PHASE This proposal is for conducting miscellaneous tasks and bid phase services for the M Street Improvement project. The following scope details the procedures will be followed: A. MISCELLANEOUS TASKS AND BID PHASE 1. Value Engineering The plans will be thoroughly reviewed to ensure that the design components all qualify to be part of a infrastructure City replacement project. 2. Develop Project Manual/Contract A project manual and contract will be developed for the project. It will include the contract requirements along with the necessary construction specifications. 3. Permitting and Bid Phase 1. Prepare Advertisement for Bid Document Team will prepare the legal notice advertising the project bidding and have an advertisement placed in the Houston Business Journal and CivCast. 2. Conduct Pre-bid Conference Meeting Team will schedule and conduct a pre-bid conference meeting to provide bidders with project overview and answer questions regarding the project. 3. Prepare Necessary Addenda to Address Issues or Clarifications Team will prepare any necessary addenda to the bidding documents to address issues or make clarifications. 4. Conduct Bid Opening Meeting & Tabulation of Bids Team will conduct the bid opening and prepare bid tabulation sheets comparing all bids received. 5. Evaluate the Bid Proposals & Make Award Recommendation Team will evaluate the bids received for accuracy and any bid irregularities. An award recommendation will be made to TIRZ based on the evaluation of bids. Engineer’s Recommendation of Award Letter will include the following: a. Check for math errors and reconcile any mathematical discrepancies b. Review for unbalanced bid items c. Certified Bid Tabulation including adding Engineer’s estimate to Bid Tab d. Review of contractor’s financial standing and references provided and past performance on projects e. Explanation of discrepancies between the Engineer’s estimate and bids f. Recommendation to award 6. Assist in the preparation of the Contract between TIRZ & Successful Bidder Team will work with Legal in final contract preparation including obtaining necessary forms and signatures from the successful low bidder, printing and compiling the final contract documents, and delivery of signed contracts to Legal and the contractor. Team will also prepare a Notice to Proceed for the contractor to begin the Construction Phase of the project. Assure DESCRIPTION OF WORK TASKS Sr. PROJ MGR Sr. PROJ ENGINEER GRAD ENGINEER CADD TECH ADMIN ASST TOTAL HOURS LABOR COSTS A.Miscellaneous Tasks and Bid Phase 1 Value Engineering 1 8 12 21 $2,855.00 2 Develop Project Manual/Contract 1 6 16 23 $2,965.00 3 Bid Phase Prepare Advertisement For Bid Document 2 2 4 $550.00 Conduct Pre-bid Conference Meeting 1 2 6 9 $1,205.00 Prepare Necessary Addenda To Address Issues or Clarifications 1 4 8 2 15 $1,975.00 Conduct Bid Opening Meeting & Tabulation of Bids 1 2 6 9 $1,205.00 Evaluate the Bid Proposals & Make Award Recommendation 1 4 4 9 $1,315.00 Assist in preparation of Contract b/w TIRZ & Successful Bidder 1 4 5 $875.00 Total 7 32 54 2 0 95 $12,945.00 TOTAL HOURS 7 32 54 2 0 95 Contract Labor Rate $215.00 $165.00 $110.00 $110.00 $65.00 TOTAL LABOR COSTS BASIC ENGINEERING SERVICES $1,505.00 $5,280.00 $5,940.00 $220.00 $0.00 $12,945.00 ADD SERVICES/EXPENSES/SUBCONTRACTS TOTAL 1 Printing and Reproduction/Mileage/Deliveries $255.00 Construction Admin $12,945.00 2 Civcast & Houston Business Journal Advertisement (2 weeks)$2,250.00 Add/Expenses/Sub $2,505.00 TOTAL REIMBURSABLE EXPENSES $2,505.00 Grand Total $15,450.00 Grand Total M STREET IMPROVEMENT PROJECT LEVEL OF EFFORT EXHIBIT B MISCELLANEOUS TASKS AND BID PHASE LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 4. Consider approval or other action regarding authority invoices; including approval of developer disbursements for tax year 2021. Development Agreement Balance 9/30/21 Audit City Payments 07/27/22 County Payments 7/27/22 ISD Payments 7/27/22 Total Payments 7/27/22 Balance Due To Developers 65 La Porte (Lakes of Fairmont Greens)7,103,500.00$ 2,761,696.00$ 137,584.49$ 151,064.13$ 288,648.62$ 2,473,047.38$ Retreat at Bay Forest LP 224,670.00$ -$ -$ -$ -$ Beazer Homes Texas LP 2,097,298.00$ 1,368,698.00$ 114,834.25$ 114,834.25$ 1,253,863.75$ Senior Associates 465,650.00$ 9,781.10$ 9,781.10$ 455,868.90$ Liberty Property Limited Partnership 14,844,135.00$ -$ -$ -$ -$ Jabez (Artesia Village)1,952,754.00$ 1,778,635.00$ 20,667.72$ 25,034.14$ 45,701.87$ 1,732,933.13$ -$ Hawthorne (2)2,019,908.00$ 1,953,245.00$ 71,948.43$ 87,148.81$ 159,097.24$ 1,794,147.76$ Stonemarc (Approved January 2022)1,456,000.00$ (1)-$ Reserve -$ TOTAL 24,269,603.00$ 4,596,044.00$ 354,816.00$ -$ 263,247.08$ 618,063.08$ 7,709,860.92$ (1) No AUP (2) Hawthorne's Payments include Tax Year 2020 Hold (AUP was completed after Tax Year 2020 Disbursements) LA PORTE DEVELOPER REIMBURSEMENTS - TAX YEAR 2021 VALUES 7/27/2022 La Porte Redevelopment Authority Bookkeeper's Report Fiscal Year 2021-2022 As of July 25 2022 LA PORTE OPERATING ACCOUNT--FY 2021-22 REVENUES Amt Total 10/29/2021 interest deposit interest $ 75.79 11/30/2021 Interest deposit interest $ 83.63 12/31/2021 Interest deposit interest $ 80.98 1/31/2022 Interest deposit interest $ 80.91 2/28/2022 Interest deposit interest $ 72.89 3/31/2022 Interest deposit interest $ 80.70 4/29/7022 Interest deposit interest $ 75.46 5/11/2022 Xfr,City of La Porte 1309900759 increment deposit $ 2,179,463.00 5/31/2022 Interest deposit interest 5 95.71 6/30/2022 Interest deposit interest $ 95.87 $ 2,180,204.94 LESS: EXPENSES 12/15/2021 #0187 Senior Associates developer reimbursement 5 9,780.68 1/14/2022 #0171 Senior Associates(VOID lost check) developer reimbursement $ - 1/15/2022 #0191 J.Morales,Inc(VOID-recording mistake) Inv.20675 $ - 1/15/2022#0190 Hunton Andrews Kurth ins 131783338,131783941 $ 2,794.50 1/15/2022 #0192 McCall Gibson Swedlund Barfoot PLLC Audit,interim billing $ 7,500.00 1/15/2022 #0193 Hawes Hill&Associates LIP Inv 234&1017 $ 8,000.00 2/1/2022 00194 Senior Associates $ 10,547.59 4/13/2022 #0195 Hunton Andrews Kurth Inv 131788037 $ 244.80 4/13/2022#0196 McCall Gibson Swedlund Barfoot PLLC AUP report $ 4,300.00 4/13/2022#0196 McCall Gibson Swedlund Barfoot PLLC audit balance due $ 1,700.00 4/13/2022 00197 Hawes Hill&Associates LIP INV 1131 Jan-Feb 2022 $ 4,000.00 1/13/2022 #0197 Hawes Hill&Associates LIP INV 1157 Mar-Apr 2022 5 4,000.00 5/19/2022 #0198 Hawes Hill&Associates LLP INV 1196 $ 2,000.00 $ 54,867.57 LESS: BANK CHARGES 5/11/2022 Wire transfer service fee $ 15.00 $ 15.00 LESS:OUTSTANDING CHECKS 6/29/2022 #0199 McCall Gibson Swedlund Barfoot PLLC AUP-Jabez L81 LLC $ 6,000.00 6/29/2022 #0200 J.Morales,Inc. Inv 20934 $ 2,400.00 6/29/2022 #0201 Hawes Hill&Associates LLP Inv 1226 $ 2,092.01 $ 10,492.01 FY 2021-22 EOY Net Operating Gain(Loss} $ 2,114,830.36 PLUS: Prior year fund balance $ 9,539,498.59 TOTAL FUNDS AVAILABLE AS OF $ 11,654,328.95 Checks to be considered for approval 8/3/2022: #0202 check spoiled VOID $ 8/3/2022 #0203 65 La Porte developer reimbursement $ 288,648.62 8/3/2022#0204 Beazer Homes Texas LP developer reimbursement $ 114,834.25 8/3/2022#0205 Senior Associates developer reimbursement $ 9,781.10 8/3/2022#0206 Jabez La Porte developer reimbursement S 45,701.87 8/3/2022#0207 Hawthorne at La Porte developer reimbursement $ 159,097.24 8/3/2022 #0208 HawesHill&Associates LLP Inv 1261 $ 2,024.23 LESS CHECKS FOR APPROVAL $ 620,087.31 TOTAL FUNDS AVAILABLE AS OF 8/3/2022 $ 11,034,241.64 SAFEKEEPING REPORTS As of July 25 2022 Member Securities and Safekeeping Services Joint Custody Receipt 22226-Laporte Redevelopment Authority As of 6/30/2022 PO BOX 22167 HOUSTON,TX 77227-2167 4435 Zions 8ancurporation, 31368.5"3 FEDERAL NAT MTG ASSN REMIC 1,0840 4125/2051 350,000.00 287,560.14 6/30/2022 262,847.60 91.406 National Association 4435 Zlons Bancorporation. 36179RJU4 GOVT NAT MTG ASSN 11 1.6250 7/20/2045 14,875,000.00 616,418.24 6/30/2022 809,960.37 99.209 National Association 4435 Zions BancorporaUon, 36179RTM1 GOVT NAT PTG ASSN II 1.6250 11120/2045 6,910,000.90 556,468.48 6/30/2022 551,174.88 98.694 National Association 4435 Zions Bancorporation, 361795783 GOVT NAT MTG ASSN II 1.6250 12/20/2046 16,470,000.00 1,165,823.51 6/30/2022 1,i47,776.57 98.452 National As50datton 4435 Zions Bancorporation, 36179T2P9 GOVT NAT MTG ASSN 1I 1.5000 6/20/2048 110,000.00 8,848.72 6/30/2022 6r743.95 98.816 National Assodatoon 443S Zions aancorporatrnn, 36179TDL6 GOVT NAT MTG ASSN II 1.6250 7/20/2047 1,725,000.00 218,439.87 6/30/2022 215,954.03 98.862 National Assodation 4435 hors Bancorporation, 36179TKK0 GOVT NAT MTG ASSN 11 1.6250 10/20/2047 1,180,000.00 162,103.31 6/30/2022 159,431.85 98.352 National Association 4435 Zions Bancorporation, 351791530 GOVT NAT MTG ASSN 2.5000 2/20/2048 1,490,000.00 231,257.55 6130/2022 231,574.37 100.137 National Association 4435 Zions Barcarporatlon, 36179UAH5 GOVT NAT NTG ASSN 11 3.0000 8/20/2048 3,175,000.00 459,381.38 6/30/2022 453,551.83 98-731 National Association 4435 Zions Bancorporation, 36179UEMO GOVT NAT MTG ASSN 11 3.5000 9/2012048 5.780,000.00 547,741.64 6/30/202I 544,236.10 99360 National Assotlatlor 4435 Zions Bancorporation, 36179UGQ9 GOVT NAT MTG ASSN 11 3.5000 11/20/2048 135,000.00 12,995.71 6/30/2022 12,911,37 99.351 National A55oclaton 4435 Zwns Bencorparatlon, 38376A2G0 GOVT NAT MTG ASSN REMIC 1.2480 3/20/206? 5,205,900.00 2,938,864.45 6/30/2022 2,868,828.08 97.617 National Assocation 4435 Zions Bancorporation, 383764.670 GOVT NAT MTG ASSN REMIC 1.1880 10/20/2066 9,200,000.00 5,229,305.79 6/30/2022 5,207,270.02 99.579 National As5ocation 4435 Zions Bancorporaton, 38182QHV5 GOVT NAt MTG ASSN REMIC 1.3990 4/20/2051 85,000.00 72,283.26 6/30/2022 63,758.14 88.206 National Assor anion • Member f of 14 Amount 66,690,000.00 12,709,492.05 12,538,019.17 Securltles: Totals _* Agency a of 14 Amount 66,690,000.00 12,709,492.05 12,538,019.17 Securities: Tota15: Market values are provided as a cu irtesy.The Federal I-fome Loan Bank does not warrant the accuracy of the market value(s). Page 1 of I Member Secur[ties and Safekeeping Services Joint Custody Receipt 22226-Laporte Redevelopment Authority As 0(7114/2022 PO BOX 22167 HOUSTON,TX 77227-2167 © 4435 Zlons Banmrparatlon, 31368FS53 IF!DERAL NAT MTG ASSN REMIC 1.4250! 4/25/2051 350,440.001 287,560.14 7/14/2022 ' 262,991.52! 91.456 National Assocation L I ( I 1 4435 Zlons Bancorporation, i 3� 35179 1JL14 1GOVT NAT MTG ASSN 1I 1.6250, 7/20/2045 14,875,000.00, 816,418.24 7/14/2022 I 805,657.85' 98.682. I National Assocation a { I I 4435 ;Zlons Bancorporation, ` 36179RTM1 GOVT NAT MIG ASSN 11 1.6250, 11/20/2045I 6,910,000.00 .558,468.481 7/14/2022 I 547,857.581 98.100 .National Association ' $ J iI 4435 Zlons Bancorporation, 351795183 ]GOVT NAT MTG ASSN It 1.6250 12/20/2d1 16,470,000.O0 16,470,000.00, 1,165,823.51 7/14/2022 I 1,140,756.31 97.850. I National Association 1 I I 4435 Dons Bancorporation, �- — 336179T2P9 'GOVT NAT MTG ASSN it 1.5000' 6/20/2048 110,000.00' 8,846.72i 7/14/2022 8,732,95 98.692 National Assocation 1 i I -----_-i� I -- 4435 Dons Bancorporation, 36179TDL6 ;GOVT NAT MTG ASSN 11 t.6250i 7/20/2047 I 1,725,000.00 218,439.87; 7/14/2022 ! 214,798.481 98.333 NationalAscodation I I I I ____i 4435 ,,Zbns Dancorparatlon, � 3617911U(0 GOVT NAT MTG ASSN 11 — 1.6250 10/20/2541 ' 2,305,000.00 31650 ,6 .97 7/1412022 309,535.82! 97.753: L ;National Assoclatl I I I 4425 .Zbns Bencotparation, 361791530 (GOVT NAT MTG ASSN 11 2.SOD0-;2/20/2048 I 1,490,00 231,257.551 7/14/2022 i 230,270.08 993731 National Assoclatir J_ J 4435 'Zlons Bancuparation, f I 36179UAH5 IGOVT NAT MTG ASSN 11 1 3.0000 8/20/2048 j 3,175,000.00• 459,381.38 7/14/2022 450,446.42 91.033i National Asraciatlon -- I t _ __+I 4435 �Z1onsBancorporation, 1 36174UEM0 (GOVT NAT MTG ASSN II � 3.5000 9/20/2048— 5,780,600.00 547,741.64! 7/14/2022 96.746' National Association j--- - 4435 'Zians Bancorporation, 36179UGQ9 GOVT NAT MTG ASSN 11 f 3.5000 11/20/2048 135,000.00' 12,995.71: 7/14/2022 Imo— 12,837.621 96.7451 !National Asoodatfon _ l f I j 4435 lZlons Bancorporation, I 36376P.2G0 'GOVT NAT MTG ASSN REMIC I 1.2484 380/2067 5,405,000.00 3,051,789.121I• 7/14/2022 2,985,600.70 97.631 _yNational Aosodatlan I 4435 Zlona Bancorporation, l 383768670{GOVT NAT MTG ASSN REMIC 1 1O/20/2D66 I 9,200,000.00 5,129,305.79 7/14(2022 5,206,537,60 99.603 ,Natlonai Assocation_ _ -.-,----- 4.435 i Zlons Bancorporation, I 38382QHVS GOVT NAT MTG ASSN REMIC 1.3990 4/20/x051 85,000.00] 72,283.261 7/14/2022 Ir 63,684.24 80,380 ;National ASaotiatian i i I I I l a Member A of L4 Amount 68,015,000,00 12,976,064,38 22,782,777.16 Securities: Totals: Market Values are provided as a courtesy.The Federal Home Loan Bank does not warrant the accuracy of the market value(s). Page 1 of 1 INVOICES Susan Hill From: Naina Magon <nmagon@haweshill.com> on behalf of Naina Magon Sent: Thursday, July 21, 2022 11:26 AM To: Susan Hill Cc: Dave Hawes, MPA; Linda Clayton Subject: La Porte Susan, we will be having a La Porte TIRZ board meeting next Wednesday and we will need the following checks for Developer disbursement. • 65 La Porte - $288,648.62 a2 l� • Beazer Homes Texas LP- $114,834.25 • Senior Associates - $9,781.10 C� c ..o • Jabez La Porte - $45,701.87 c2-0 6 • Hawthorne At La Porte- $159,097.24 O 7 Thanks Naina i HAWES HILL & ASSOCIATES • LLD 0 PO BOX 22167 Houston, TX 77227-2167 INVOICE INVOICE 1261 La Porte Redevelopment Authority/TIRZ#1 DATE 07/01/2022 604 W.Fairmont Pkwy. LaPorte,TX 77571 United States DESCRIPTION AMOUNT Professional Consulting and Administration Fee:June 2022 2,000.00 in-House Postage,Photocopies,Binding, Etc.:June 2022 24.23 BALANCE DUE $2,024.23 La Porte In-house Postage, Photocopies, Binding, etc. Postage Date Amount $ - Photocopies @$0.15 Date Pages Amount 6/23/2022 615 $ 9.23 Total $ 9.23 Color Photocopies @$0.50 Total $ - Binding sets @$1.00 Date Sets Amount 6/23/2022 15 $ 15.00 Total Total,all Items Postage $ - Photocopies $ 9.23 Color Photocopies $ - Binding sets $ 15.00 $ 24.23 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 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 5. Receive and approve FY2023 Budget. 2021-22 Approved Budget 2021-22 Estimated 2022-23 Proposed Budget Revenues: Beginning Fund Balance 8,681,414$ 9,513,101$ 14,646,747$ Estimated TIRZ Revenues City 2,109,759$ 2,179,463$ 2,244,847$ County 998,895$ 998,895$ 1,028,862$ LPISD 4,265,514$ 4,355,183$ 4,485,838$ Interest on TIRZ Funds 975$ 1,000$ 1,000$ Total Revenues 16,056,557$ 17,047,642$ 22,407,294$ TIRZ M&O Expenses: Administration and Project Management 24,000$ 24,000$ 24,000$ Legal 7,500$ 5,000$ 7,500$ Agreed Upon Procedures Reports 7,000$ 10,300$ 10,500$ Annual Audit 9,000$ 9,200$ 9,500$ Operating Expenses 1,450$ 1,000$ 1,500$ Bank Expenses 70$ 50$ 70$ Planning Services 15,000$ Total Expenses 49,020$ 49,550$ 68,070$ Transfers City Administration 104,976$ 108,973 112,242$ ISD Refund 720,000$ -$ -$ Educational Facilities 1,370,371$ 1,374,309$ 1,415,538$ Total Transfers 2,195,347$ 1,483,282$ 1,527,781$ Capital Improvements M Street 1,800,000$ 250,000$ 3,100,000$ TIRZ Developer Reimbursements Lakes of Fairmont Greens 276,585$ 288,649$ 297,308$ Beazer Homes 112,247$ 114,834$ 118,279$ Senior Associates 9,781$ 9,781$ 10,075$ Jabez (Artesia)45,702$ 47,073$ Hawthorne 159,097$ 163,870$ 2,198,613$ 868,063$ 3,736,605$ Ending Fund Balance 11,613,577$ 14,646,747$ 17,074,838$ Tax Increment Reinvestment Zone Number One City of La Porte FY 2022 - 23 Proposed Budget La Porte Redevelopment Authority 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 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 6. Receive updates from the city, developers, and staff about development within the Zone. 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 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill & Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 7. Board Member Comments. a. Matters appearing on Agenda; and b. Inquiry of staff regarding specific factual information or existing policy