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HomeMy WebLinkAbout1-25-23 La Porte Redevelopment Authority/TIRZ PacketAgendas and Agenda Materials Meetings of the Boards of Directors La Porte Redevelopment Authority La Porte Tax Increment Reinvestment Zone January 25, 2023 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 LaPorte Tax Increment Reinvestment Zone to be held Wednesday, January 25, 2023, at 6:30 p.m. in the City Council Chambers at City Hall, 604 West Fairmont Parkway, LaPorte, 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 Quomm; and Call to Order. 2. Approve minutes of the joint LaPorte Redevelopment Authority and La Porte Tax Increment Reinvestment Zone meeting held on November 28, 2022, 3, Approve FY2022 Annual Financial Report and Audit from McCall Gibson Swedlund Barfoot PLLC. 4. Discuss boundary expansion and authorize Fourth Amended Project Plan and Reinvestment Zone Financing Plan. 5. Receive update from Gauge Engineering on M Street. 6. Consider approval or other action regarding authority invoices. 7. Receive updates from the city, developers, and staff about development within the Zone. 8. Board member comments. a. Matters appearing on agenda; and b. Inquiry of staff regarding specific factual information or existing policy 9,. Convene in Executive Session pursuant to Section 551.071, Texas Government Code, to conduct a private consultation with attorney. 10. Reconvene in Open Session and authorize appropriate actions regarding private consultation with attorney. 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 the City Secretary, at 281470-5019 or TDD 281-471-5030. A possible quonim 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 dlsablgtles who plan ro atteM Nls meeting and would Ilke to requcs[auxillary aids or servicrs are requested N wndcl the Authoriq+s executive Direcmr at t113) 595�1200 at (east Nree business days prim to Ne meetlng so Nat Ne appropriate arrangements can be made. Pursuant ro V.T.C.A Govermnent Code, Chapter 551, as amended, Ne Board o(DlrxNrs may mnvene in closed session m rereive advice ham legal w oral and disco matters relatlng m pending ar emplaced atlgatlon, personnel matlers, gills and donaaora, real estate transactlons, Ne deployment, ar specific ocosions for Ne implemenmtlon of, security persamelordevires and or emnomicdevelopmentnegotlallons. LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM T0: 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 November 28, 2022, LA PORTR RRORVRLOPMRNT AUTHORITY c/o Hawes Hill &Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 MINUTES OF THE JOINT MEETING OF THE LA PORTE REDEVELOPMENT AUTHORITY and LA PORTE TAX INCREMENT REINVESTMENT ZONE BOARD OF DIRECTORS November 28, 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 Monday, November 28, 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: PeggyAntone,Secretary Positionl Barry Beasley Position 2 Alton Porter Position 3 Kent Remmel Position 4 Nicole Havard Position 5 Mark Goodwin, Vice -Chairman Position 6 Rick Helton Position 7 David janda, Chairman Position 8 Kristen Lee, Asst. Secretary Position 9 and all of the above were present, with the exception of Director Porter, thus constituting a quorum. Also present were David Hawes, Naina Magon, and Linda Clayton, Hawes Hill & Associates, LLP; Corby Alexander, Matt Daeumer, and Haley Bower, City of La Porte; and Jon Skeele, Bayway Homes. Chairman janda called the meeting to order at 6:33 p.m. APPROVE MINUTES OF THE JOINT LA PORTS REDEVELOPMINT AUTHORITY AND LA PORTS TAX INCREMENT REINVESTMENT ZONE MEETING HELD OCTOBER 25, 2022. Upon a motion made by Director Antone, and seconded by Director Goodwin, the Board voted unanimously to approve the Minutes of the October 25, 2022, Board meeting, as presented. CONSIDER DEVELOPMENT AGREEMENT WITH BAYWAY HOMES, INC. Ms. Magon reviewed the Development Agreement with Bayway Homes, Inc., included in the Board materials. She addressed concerns regarding landscaping for the development. She reported the development is a private residential community consisting of 28 homes and the City does not have landscaping requirements for private communities. Mr. Skeele provided information on the landscaping for the development and answered questions regarding square footage of homes and plan configurations. He reported the development consists of single-family attached homes (townhomes) and the HOA will be maintaining the detention pond, and lawncare for the residential lots. Mr. Hawes answered questions regarding development agreement standards. Mr. Alexander answered questions regarding concerns regarding development and reported City Planning & Zoning reviewed and approved the development plans. After full discussion by the Board, and upon a motion made by Director Goodwin, and seconded by Director Lee, Directors Remmel, Havard, Goodwin, Helton, janda and Lee voted to approve the Development Agreement with Bayway Homes, Inc. Directors Beasley and Antone voted nay. The motion passed. RECEIVE UPDATE FROM GAUGE ENGINEERING ON M STREET. Mr. Hawes reported the Engineer's Progress Report is included in the Board materials for review. He reported Gauge Engineering is currently working on the drainage analysis for the project, which was not done by the previous engineer. No action from the Board was required. CONSIDER APPROVAL OR OTHER ACTION REGARDING AUTHORITY INVOICES, Mr. Hawes presented the Bookkeeper's Report and went over invoices, included in the Board materials. Upon a motion made by Director Beasley, and seconded by Director Havard, the Board voted to accept the Bookkeeper's Report and approved payment of invoices, as presented. Director Intone abstained. The motion passed. RECEIVE UPDATES FROM THE CITY, DEVELOPERS, AND STAFF ABOUT DEVELOPMENT WITHIN THE ZONE, Mr. Hawes reported the auditors are working on the Annual Financial Report and Audit and it is anticipated to be ready for a meeting in January. No action from the Board was required. BOARD MEMBER COMMENTS. a. Matters appearing on agenda; and b. Inquiry of staff regarding specific factual information or existing policy. None. CONVENE IN EXECUTIVE SESSION PURSUANT TO SECTION 551.071, TEXAS GOVERNMENT CODE, TO CONDUCT A PRIVATE CONSULTATION WITH ATTORNEY. RECONVENE IN OPEN SESSION AND AUTHORIZE APPROPRIATE ACTIONS REGARDING PRIVATE CONSULTATION WITH ATTORNEY. An Executive Session was not called. ADJOURNMENT. There being no further business to come before the Board, Chairman Janda adjourned the meeting at 7:04 p.m. Secretary 2�Page LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS Tv: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 3. Approve FY2022 Annual Financial Report and Audit from McCall Gibson Swedlund Barfoot PLLC. LA PORTB RRURYSLOPMRNT AUTHORITY c/o Hawes Hill &Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 1 f t 1 i TABLE OF CONTENTS INDEPENDENT AUDITOR' S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS STATEMENT OF NET POSITION AND GOVERNMENTAL FUND SHEET RECONCILIATION OF THE GOVERNMENTAL FUND BALAN T:TO THE STATEMENT OF NET POSITION STATEMENT OF ACTIVITIES AND GOVERNMENT MENT OF REVENUES, EXPENDITURES AND CHANGE I^BALANCE RECONCILIATION OF THE GOVERNMENTAL FQF ATEMENT OF REVENUES, EXPENDITURES AND CHA BALANCE TO THE STATEMENT OF ACTIVITIES NOTES TO THE FINANCIAL STATEY6 • . I �� •TAT • SCHEDULE •F REVE it r ID WAIf BALANCE �BU; DQlloh• fruipap Ale.. PAGE 1-2 E3 f C; 11 24 McCALL GIBSON SWEDLUND BARFOOT PLLC Certified Public Accountants 13100 Wortfmm Center Drive PO Box 29584 Suite 235 Austin, TX 78755-5126 Houston, Texas 77065-5610 (512) 610-2209 (713) 462-0341 WMInl s ac com Fax (713) 462-2708 E-Mail., mgsbBnigsbyllc.rom INDEPENDENT AUDITOR' S REPORT Board of Directors La Porte Redevelopment Authority City of La Porte, Texas Opinions � We have audited the accompanying financial statements of the governmental activities and maj d o a Porte Redevelopment Authority (the "Authority"), a component unit of the City of La Porte, Texas, as an o ear ended September 30, 2022, and the related notes to the financial statements, which collectively comprise theA basic financial statements as listed in the table of contents. e `� In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and major fund of the Authority as of September 30, 2022 and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally -cce in the United States of America. Our responsibilities under those standards are further described in the Au i(or gXResp nsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of 8 A�uth 2nd to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our WITI W@I�eJiove that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opiniory Responsibilities of Management for the Financial Statements e^ %� J Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. IL� M3 In preparing the financial statemen age ed[ is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substan£ ub o the Authority's ability to contlnue as a going concern for twelve months beyond the financial statement date, inclu ' currently know information that may raise substantial doubt shortly thereafter. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to ain rea onable assurance about whether the financial statements as a whole are free from material misstatement, w du fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of ass t is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generallX ac pled diting standards will always detect a material misstatement when it exists. The risk of not detecting a mates 1 ntg t resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, int inn o aeons, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered ma e�r.h�a,l if is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonblda�ser based on the financial statements. Member of Amertcan Institute of Cerl�ed Public Accaunlants Texas Society ofCerttfied Public Acrnuntants Board of Directors La Porte Redevelopment Authority In performing an audit m accordance with generally accepted auditing standards, we; • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Authori internal control. Accordingly, no such opinion is expressed. 6umie Evaluate the appropriateness of accounting policies used and the reasonableness of significant acates made by management, as well as evaluate the overall presentation of the financial statements^ • Conclude whether, in our judgment, there are conditions or events, considered in the grega1. tfi'aZa ise substantial doubt about the Authority's ability to continue as a going concern for a reasonable period e. We are required to communicate with those charged with governance regarding, among the att s, the planned scope and timing of the audit, significant audit findings, and certain internal control related matter ed during the audit. Required Supplementary Information I Accounting principles generally accepted in the United States of Americ r ' e thai`the Management's Discussion and Analysis and the Schedule of Revenues, Expenditures and Changes in F n at - Budget and Actual - General Fund be presented to supplement the basic financial statements. Such informatio' o ibility of management and, although not a part of the basic financial statements, is required by the Govemmenta A 3unting Standards Board, who considers it to be an essential part of financial reporting for placing the basic fina 1 state W in an appropriate operational, economic, or historical context. We have applied certain limited procedure he requned supplementary information in accordance with auditing standards generally accepted in the United States e , which consisted of inquiries of management about the methods of preparing the information and comparing th informati for consistency with management's responses to our inqunies, the basic financial statements, and other kno d we o tamed during our audit of the basic financial statements. We do not express an opinion or provide any assuran ation because the limited procedures do not provide us with sufficient evidence to express an opinion or provid n sur�nce. the Authority's fund balance and net position balance as of �r certain misstatements. Our opinions are not modified with ipinions on the financial statements that collectively comprise the :ntary information is presented for purposes of additional analysis and rch information is the responsibility of management and was derived and other records used to prepare the basic financial statements. The ed "Unaudited" on which we express no opinion or provide any s applied in the audit of the basic financial statements and certain mg such information directly to the underlying accounting and other r to the basic financial statements themselves, and other additional Ily accepted in the United States of America. In ouropinion, the on to the basic financial statements as a whole. McCall Gibson Swedlund Barfoot PLLC Certified Public Accountams Houston, Texas January 25, 2023 -2- LA PORTE REDEVELOPMENT AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2022 Management's discussion and analysis of La Porte Redevelopment Authority's (the "Authority") financial performance provides an overview of the Authority's financial activities for the fiscal year ended September 30, 2022. Please read it in conjunction with the Authority's financial statements. FINANCIAL HIGHLIGHTS • The Authority's assets exceeded its liabilities by $7,236,075 for September 30, 2022. This compares to the previous year, when liabilities by $4,917,057, as adjusted. See Note 8. ,04 • The total net position of $7,236,075 results primarily from the utfiaving cash on hand in an amount greater than the amount recorded asku o' )evelopers for the facilities the Developers constructed and conveyed t14 y. The Authority anticipates that with continued development in the areafkax igqdement revenues will be sufficient to cover operating costs and to reimbu the w/4!1?pers. The Authority's obligations to the Developers are contingent u o the ; vailability of tax increment for such as described in Note 4. i • The Authority's governmental funds re ed a to ending fund balance of $14,965,548 this year. This compares to the prior fi a balance $9,513,101, as adjusted, showing an increase of $5,452,447 during tgle urregt fiscal year. USING THIS ANNUAL REPORT This annual report consists of e 'off financial statements.. The basic financial statements include: (1) combined fund na a tements and government -wide financial statements and (2) notes to the financial to en The combined fund financial statements and government - wide financial statement me both: (1) the Statement of Net Position and Governmental Fund Balance She nd (2 a Statement of Activities and Governmental Fund Statement of Revenues, Exp and Change in Fund Balance. This report also includes other supplementary ati n in addition to the basic financial statements. FINANCIAL STATEMENTS T ty's annual report includes two financial statements combining the government -wide fin is statements and the fund financial statements. The government -wide financial stWe is provide both long-term and short-term information about the Authority's overall status. Financial reporting at this level uses a perspective similar to that found in the private sector with its basis in full accrual accounting and elimination or reclassification of internal activities. -3- LA PORTE REDEVELOPMENT AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2022 GOVERNMENT-WIDEFINANCIAL STATEMENTS (Continued) The Statement of Net Position includes all of the Authority's assets and liabilities, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Authority as a whole is improving or deteriorating. Evaluation of the overall financial health of the Authority would extend W other non -financial factors. ( X The Statement of Activities reports how the Authority's net position changed th orient fiscal year. All current year revenues and expenses are included regardle,� cash is received or paid. FUND FINANCIAL STATEMENTS The combined statements also include fund fmancial statements A fu �isa grouping of related accounts that is used to maintain control over resources that ha%,bgkn segregated for specific activities or objectives. The Authority has one gove en fund type. The General Fund accounts for resources not accounted for in another, to increment revenues, costs and general expenditures.: r Governmental funds are reported in each statements. The focus in the fund ithori'Iy's governmental funds. These statements ni he use of spendable resources and balances of ie year. They are useful in evaluating annual commitment of spendable resources for the near - Since the government-wi us Eludes the long-term view, comparisons between these two perspectives may provid into the long-term impact of short-term financing decisions. The adjustments corms, Reconciliation of the Governmental Fund Balance Sheet to the Statement of N$k,pPd4tion and the Reconciliation of the Governmental Fund Statement of Revenues, Expei�di pres*nd Change in Fund Balance to the Statement of Activities explain the differences twe he two presentations and assist in understanding the differences between these two per es. vt� 4- LA PORTE REDEVELOPMENT AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2022 NOTES TO THE FINANCIAL STATEMENTS The accompanying notes to the financial statements provide information essential to a full understanding of the government -wide and fund financial statements. GOVERNMENT -WIDE FINANCIAL ANALYSIS I •, Net position may serve over time as useful indicator of the Authority's financial p eitiQri's �Ehe case of the Authority, assets exceeded liabilities by $7,236,075 as of September 30, 022 0 "a. u The following table provides a summary of the Authority's net positio as'b4F S``eptember 30, 2022, and September 30, 2021:e aa..•y in the�ta'Petfien"ho1`Net Position `�s,, Positive 2022 �! y021 (Negative) Current and Other Assets $ 14,9699460 495195171 $ 5,4505290 Current Liabilities $ { 913 % 6,070 $ 2,157 Due to Developer ?t729, 4,596,044 (321339429) TotalLiabilities 73 ,386 $ 4,602,114 $ (3,131,272) Net Position: Unrestricted 7,2365075 $ 45917,057 $ 2,3199018 Total Net Position $ 7,236,075 $ 43917,057 $ 25319,018 r -5- LA PORTE REDEVELOPMENT AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2022 GOVERNMENT -WIDE FINANCIAL ANALYSIS (Continued) The following table provides a summary of the Authority's operations for the fiscal years ending September 30, 2022, and September 30, 2021: Revenues; Tax Increment Revenues Interest Revenues Total Revenues Expenses for Services Change in Net Position Net Position, Beginning of Year Net Position, End of Year • As Adjusted -see Note 8 FINANCIAL ANALYSIS OF The Authority's fund ba $5,452,447 from the prior ad the Statement of 2022 2021 $ 6,247,050 1,368 $ 6,248,418 3,929,400 $ 5,822,439 $ 2,319,018 ,634,746 �. \ 885 Y 425,496 (317412224) $ (35315,728) 5,634,746 $ 4,917,057 $ 2,319,018 GOVERNMENTAL FUNDS 30, 2022, was $14,965,548, an increase of The General Fund f baTar a increased by $5,452,447 due to tax increment revenue being more than opera ' costs, capital outlay and certain costs to fund the Authority's debt obligations. A2. -6- LA PORTE REDEVELOPMENT AUTHORITY MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2022 GENERAL FUND BUDGETARY HIGHLIGHTS The Board of Directors did not amend the budget for the fiscal year ending September 30, 2022. Actual revenues were $1,126,725 less than budgeted and actual expenditures were $3,647,009 less than budgeted. See the budget to actual comparison. CAPITAL ASSETS When capital projects are completed, the costs of the projects are recorded as ns o the City since the maintenance and operations of the facilities will not be the of the Authority. During the current fiscal year, $618,063 was paid to the D yelo rs or projects, including interest, and $3,751,492 was added. See Note 4 for additional in n. LONG-TERM DEBT ACTIVITY As of September 3Q 2022, the Authority had no bond debt The Authority has recorded along -term payable to Note 4. CONTACTING THE AUTHORITY'S This financial report is designed to p� Questions concerning any of the inf information should be addressed all Box 22167, Houston, TX 7722j the amount of $7,729,473, see overview of the Authority's finances. in this report or requests for additional it Authority,. c/o David Hawes, P. O. 7- LA PORTE REDEVELOPMENT AUTHORITY STATEMENT OF NET POSITION AND GOVERNMENTAL FUND BALANCE SHEET ASSETS Cash, Note 3 TOTAL ASSETS LIABILITIES Accounts Payable Due to Developer, Note 4 SEPTEMBER 30, 2022 General Fund $ 14,969,461 $ 14,969,461 3,913 TOTAL LIABILITIES $ 3,913 Ad'lustments FUND BALANCE Unassigned $ 142965,54 (14,965,548) Statement of Net Position $ 3,913 7,729,473 717335386 $ TOTAL FUND BALANCE $ 14,9 $ (1459659548) $ TOTAL LIABILITIES AND 11 FUND BALANCE $ 4,969,461 NET POSITION Unrestricted" $ 7,2363075 $ 71236,075 TOTAL NET POSITION $ 7,2365075 � � a Y The accompanying notes to the fmancial statements are an integral part of this report. $ 7,2369075 - 8 - LA PORTE REDEVELOPMENT AUTHORITY RECONCILIATION OF THE GOVERNMENTAL FUND BALANCE SHEET TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2022 Total Fund Balance —Governmental Fund Amounts reported for governmental activities in the Statement of Net Position are different because: The long-term obligation to the Developer is not recorded in the fund f statement but is a liability to the Developer in the governmentmwide Total Net Position — Governmental Activities ( N The accompanying notes to the financial statements are an integral part of this report. Y (7.729.4731 -9- LA PORTE REDEVELOPMENT AUTHORITY STATEMENT OF ACTIVITIES AND GOVERNMENTAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCE FOR THE YEAR ENDED SEPTEMBER 30, 2022 GENERAL STATEMENT OF FUND ADJUSTMENTS CITIVITIES REVENUES Tax Increment Revenue $ 652472050 $ 61247,050 Interest Revenues 1,368 1,368 TOTAL REVENUES $ 69248,418 $ $ 61248,418 EXPENDITURES/EXPENSES Service Operations: Professional Services $ 683890 - $ 68,890 Other 45 45 City Administration Fee 108, 108,973 Debt Service: wk Developer Interest, Note 4 9 ,732 (6,227) 885505 Developer Principal, Note 4 A4 235331 ' 31139,656 39662,987 TOTAL EXPENDITURES/EXPENSES $ 7 , 71 $ 31133,429 $ 3,9295400 NET CHANGE IN FUND BALANCE 5,452,447 $ (5,452,447) CHANGE IN NET POSITION 233195018 2,31%018 FUND BALANCE/NET PO I OCTOBER 1, 2021, AS 9,5135101 (4,596,044) 4,917,057 FUND BALANCE41�POS ON - 5EPTEMBER 30; 0 $ 1459655548 $ (7,72%473) $ 7,236,075 AR, The accompanying notes to the financial statements are an integral part of this report. 10 - LA PORTE REDEVELOPMENT AUTHORITY RECONCILIATION OF THE GOVERNMENTAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGE IN FUND BALANCE TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED SEPTEMBER 30, 2022 # Net Change in Fund Balance — Governmental Fund � 47 Amounts reported for governmental activities in the Statement of Activities at�� different because; \ Governmental funds report additional Developerprincipal due as increases e�r, " in the Statement of Net Position, change in principal is reported as e inliabilities, and the Statement of Activities is not affected. (31139,656) In the Statement of Activities, the cost of interest expense is adjXCsio a amount of the current period accrued expense, \\l 6.227 Change in Net Position — Governmental Activities $ 2.319.018 Y The accompanying notes to the financial statements are an integral part of this repon. -11- THIS PAGE INTENTIONALLY LEFT BLANK LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 1. CREATION OF CORPORATION The City of La Porte, Texas (the "City") authorized the creation of the La Porte Redevelopment Authority (the "Authority") by the Resolution No. 2000=19 passed on December 11, 2000. The Authority was created and organized as a local government corporation pursuant to provisions of Chapter 394 of the Texas Local Government Code. The Authority is organized as a pu 'c non- profit corporation for the purpose of aiding, assisting, and acting on behalf of the the performance of its governmental function to promote the common good and gene a of the Tax Increment Reinvestment Zone (the "Zone") and neighboring areas; top te, elop, encourage and maintain housing, educational facilities, employment, co a onomic development in the City. The Authority receives incremental tax r vend o developed property. The Authority has participation agreements with the Ci o rte, La Porte Independent School District and Harris County to receive certain p p x increments. The Authority may issue bonds with consent of City Council. The A offi anaged by a Board of Directors consisting of nine members who are appointed by e r with the approval of City Council, NOTE 2. SIGNIFICANT ACCOUNTING P The accompanying financial statements hay prepared in accordance with accounting principles generally accepted in the Un a Sta s of America as promulgated by the Governmental Accounting Standards Bopt, A "). GASB has established the criteria for �e19�ifiing whether or not a given entity is a component unit. The criteria are: (1) is the of omponent unit a legally separate %71 (2) does the primary government appoint a ti jority of the potential component unit's board, (3) is the primary government able p its will on the potential component unit, (4) is there a financial benefit or bard a hip. The Authority was created as an instrumentality of the City. The Authority es ee the criteria for inclusion as a component unit of the City. Copies OIL, the financial stants fo the City may be obtained from the City Secretary's office. These nci s'fatements have been prepared in accordance with GASB Codification of Govern Accounting and Financial Reporting Standards Part II, Financial Reporting The G�CSB Codification sets forth standards for external financial reporting for all state and local government entities, which include a requirement for a Statement of Net Position and a Statement of Activities. It requires the classification of net position into three components: Net Investment in Capital Assets; Restricted; and Unrestricted. These classifications are defined as follows: -12- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO TILE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) Financial Statement Presentation (Continued) Net Investment in Capital Assets —This component of net assets consists of capital assets, including restricted capital assets, net of accumulated depreciation and re ced by the outstanding balances of any bonds, mortgages, notes, or other borrowi t re attributable to the acquisition, construction, or improvements of those. asset Restricted Net Position — This component of net position consists of cons_ aced on the use of assets through external constraints imposed by creditors (sue has t cough debt covenants), grantors, contributors, or laws or regulation 91 ot(i n governments or constraints imposed by law through constitutional provisionWr elftbrilig legislation. • Unrestricted Net Position —This component of net posi n co stets of assets that do not meet the definition of Restricted or Net Investment iusCamVWmKssets1 When both restricted and unrestricted resources ae for use, generally it is the Authority's policy to use restricted resources first. Government-Wi in 'al Statements or The Statement of Net Position and t Styt of Activities display information about the Authority as a whole. The Authority nt of Net Position and Statement of Activities are combined with the governmental_ i ral statements. The Authority is viewed as a special purpose government and has tlut o combining these financial statements. The Statement of Net Po ' ' 's r ported by adjusting the governmental fund types to report on the full accrual basis, is resource basis, which recognizes all long-term assets and receivables as we long debt and obligations. Any amounts recorded due to and due from other fund rb a mated in the Statement of Net Position, The Stateme ivities is reported by adjusting the governmental fund types to report only items r lated 6ffent year revenues and expenditures. Items such as capital outlay are allocat„fiver eir estimated useful lives as depreciation expense. Internal activities between g ibental funds, if any, are eliminated by adjustment to obtain net total revenue and expense in e go., ernment-wide Statement of Activities. P" Fund Financial Statements As discussed above, the Authority's fund financial statements are combined with the government -wide financial statements. The fund financial statements include a Balance Sheet and Statement of Revenues, Expenditures and Change in Fund Balance. 13- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) Governmental Funds The Authority has one major governmental fund. General Fund — To account for all resources not required to be accounted for in anotthhee Basis of Accountinc The Authority uses the modified accrual basis of accounting for go Canital Assets Capital assets are transferred to the City upo compl n. Budgeting L nmental* ypes. The In compliance with the gove accounting principles, the Authority's board members should annually adopt an ugaj o d budget for the General Fund. The budget was not amended during the current al Measurement Focu� Measurement �cui is'#pterm used to describe which transactions are recognized within the various fina cial tements. In the government -wide Statement of Net Position and. Statement of Activities, emmental activities are reported using the economic resources measurement focus. ac unting objectives of this measurement focus are the determination of operating inc es in net position, financial position, and cash flows. All assets and liabilities ash cia )Kith the activities are reported, regardless of the timing of related cash flows. Fund equi' i classified as net position. 14- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 2. SIGNIFICANT ACCOiJNTING POLICIES (Continued) Measurement Focus (Continued) Governmental fund types are accounted for on a spending or financial flow measurement focus. Accordingly, only current assets and current liabilities are included on the balance sheet nd the reported fund balances provide an indication of available spendable or appropriable,es. Operating statements of governmental fund types report increases and decrease m le spendable resources. Fund Balances GASB Statement No. 54, Fund Balance Reporting and Governm�d=h'pe Definitions, requires the classification of fund balances in governmental funds ,,uca h (lowing hierarchy: Nonspendable: amounts that cannot be spent either becau thein nonspendable form or because they are legally or contractually required to be ani ed intact. The Authority does not have any nonspendable fund balances. Restricted: amounts that can be spent only f,9�specifiespurposes because of constitutional provisions, or enabling legislation, or becau evstraints that are imposed externally. The Authority does not have any restricted fund lanc s. Committed: amounts that can be sp o r purposes determined by a formal action of the Board of Directors. The Boar tTl est level of decision -making authority for the Authority. This action must bedP ter than the end of the fiscal year. Commitments may be established, modified, or rescyn only through ordinances or resolutions approved by the Board. The Authority dope*%bav any committed fund balances. Assigned: amounts ado npdmeet the criteria to be classified as restricted or committed, but that are intended b ed for specific purposes. The Authority has not adopted a formal policy regarding the a9mei� of fund balances. The Authority does not have any assigned fund balances. Unaeareavaileable, er spendable amounts in the General Fund. are incurred for which restricted, committed, assigned or unassigned fund balathe Authority considers amounts to have been spent first out of restricted funds, then committed funds, then assigned funds, and finally unassigned funds. -15- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (Continued) Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estim s and assumptions that affect the reported amount of assets and liabilities and disclosure of n ' ent assets and liabilities at the date of the financial statements and the reported amoun e es and expenditures during the reporting period. Actual results could differ from thQs es i s. NOTE 3. DEPOSITS AND INVESTMENTS Deposits Custodial credit risk is the risk that, in the event of the fae bf a depository financial institution, a government will not be able to recover depo9k or will not be able to recover collateral securities that are in the possession of an out ' rty The Authority's deposit policy for custodial credit risk requires compliance with the r 'sions of Texas statutes. Texas statutes require that any cash balance fund shall, to the extent not insured by the Federal Deposit Insurance Corporation or is succ sor, be continuously secured by a valid pledge to the Authority of securities el i ed the laws of Texas to secure the funds of the Authority, having an aggregate mark v e, cluding accrued interest, at all times equal to the uninsured cash balance in the funs c uch securities are pledged. At the fiscal year end, the carrying amount of the Ay r' a eposits was $14,969,461 and the bank balance was $15,0863295. Of the bank b faA e, 0,000 was covered by federal depository insurance and the balance was covered fat of in the name of the Authority and held in a third party depository. The carrying valy�sthe deposits are included in the Governmental Fund Balance Sheet and the Statement A at Po ion at September 30, 2022, as listed below: FUND -16- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 3. DEPOSITS AND INVESTMENTS (Continued) Investments Under Texas statute, the Authority is required to invest its funds under written investment policies that primarily emphasize safety of principal and liquidity and that address investment diversification, yield, maturity, and the quality and capability of investment managemel�all Authority funds must be invested in accordance with the following investme es: understanding the suitability of the investment to the Authority's fmanciat re i e first; preservation and safety of principal, second; liquidity, third; marketability o ments if the need arises to liquidate the investment before maturity, fourth; ive ica ion of the investment portfolio, fifth; and yield, sixth. Authority's investme is made "with judgment and care, under prevailing circumstances, that :person p d ce, discretion, and intelligence would exercise in the management of the person's n a' not for speculation, but for investment, considering the probable safety of capital nd t robable income to be derived." No person may invest Authority funds withouLexp ritten authority from the Board of Directors. Texas statutes include specifications for and limitdtioapplicable to the Authority and its authority to purchase investments as defined inAtie Publi Funds Investment Act. Authorized investments are summarized as follows: (1) ig ns of the United States or its agencies and instrumentalities, (2) direct obligations of th State o exas or its agencies and instrumentalities, (3) certain collateralized mortgage obli 1 other obligations, the principal of and interest on which are unconditionally guaran nred by the State of Texas or the United States or its agencies and instrumentalitiesAwtu obligations that are fully guaranteed or insured by the Federal Deposit Insurance or by the explicit full faith and credit of the United States, (5) certain A rated hi a ligation of states, agencies, counties, cities, and other political subdivisions of to 6) bonds insured, assumed or guaranteed by the State of Israel, (7) insured or a zed certificates of deposit, (8) certain fully collateralized s repurchase agreeme seculij by delivery, (9) certain bankers' acceptances with limitations, (10) comrnercialApllqated Am or Pm or higher and a maturity of 270 days or less, (It) no- load money nfaxket mxat funds and no-load mutual funds with limitations, (12) certain guaranteed i vestment contracts (13) certain qualified governmental investment pools and (14) a qualifieecrtfbc-lending program. 2022, the Authority held no investments. 17- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 4. DUE TO DEVELOPERS The Redevelopment Authority is a party to several agreements with Developers who own property in the La Porte Tax Increment Reinvestment Zone No. 1. The Authority is obligated to repay the Developers for public improvements made on the property up to the amount of incremental tax value gained. The Authority has entered into agreements with the following Developers: Port C i d, LP (Fully Reimbursed); Retreat at Bay Forest, LP (Fully Reimbursed), Beazer es LP, Senior Associates, 65 LaPorte, Ltd., Jabez-LB 1, L.L.C. and Hawthorne at] Pote Beazer Homes Texas LP's reimbursable expenditures for Bayside Cross tot lld $1,449,517 including interest at August 24, 2016. During the current fiscal year, i r was calculated in accordance with the agreement limitations. $114,834 was app�t st i ipal. The amount due Beazer Homes Texas LP as of September 30, 2022, is calcul e a 1 ws: Principal teres'P' Total Due Balance Due Developer 9/30/20 $ 1,281,74 946 $ 1,282,691 FiscalYear 2021Interest 250 250 FiscalYear2021Payment 1,051) (1,196) (I125M BalanceDue Develop er9/30/21 $ 1,1 694 $ $ 1,17Q694 No more interest Will accrue f I' FiscalYear 2022Payment .� _ (114,834) - (114,834) Balance Due Developer 9/30/�$ 1,0555860 $ - $ 1,055,860 Xx it) Beazer Homes Texas L rsable expenditures for Bayside Crossing -Supplemental totaled $177,498, inclu ' t est at August 23, 2017. During the current fiscal year, no interest was calcul in a rdance with the agreement limitations. The amount due Beazer Homes Texas LPAf o eptember 30, 2022, is calculated as follows: Principal Interest Total Due 9/30/20 $ 160,656 $ 37,348 $ 198,004 interest will accme $ Due Developer9/30/21 $ 160,656 $ 37,348 $ 198,004 No more interest will accrue $ BalanceDueDeveloper9/30/22 $ 16Q,656 $ 37,348 $ 198,004 -18- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 4. DUE TO DEVELOPERS (Continued) Senior Associates' reimbursable expenditures and land for Bayside Crossing totaled $466,032 including interest at August 24, 2016. During the current fiscal year, no interest was calculated in accordance with the agreement limitations, and $9,781 was paid. The amount due Senior Associates as of September 30, 2022, is calculated as follows: Principal Interest Total Balance Due Developer9/30/20 $ 455,823 $ 1%608 $ 4 ,4 k✓ No more interest will accrue Fiscal Year 2021 Payment (9,781) 9,781 Balance Due Developer 9/30/21 $ 455,823 $ 9 7 465,650 Fiscal Year 2022 Payment ( r (%781) Balance Due Developer9/30/22 $ 4555823 $ 'i4 $ 4559869 65 La Porte, Ltd. (Lakes of Fairmont Greens) had r b)ae expenditures approved in the current fiscal year of $4,293,060 on April 15, 2020. o I rest will accrue because present value was used. Payments during the current fiscal r total 88,649. The amount due to 65 La Porte, Ltd. as of September 30, 2022, is calc d ollows: ' ci I Interest Total Due Balance Due Developer9/30/20 ( \ 3,0381281 $ $ 3,038,281 Fiscal Year 2021 Payment J (132,226) (132,226) Fiscal Year 2021 Payment I (144,359) (144,359) Balance Due Developer L012 $$ 2,7612696 $ $ 2,761,696 Fiscal Year 2022 ayr t� (137,585) (137,585) FiscalYear2 aymen D (151,064) (151,OG4) Balance ] e er 9/30/22 $ 2,4733047 $ - $ 23473,047 Jabez-LB1, L . =;,-had reimbursable expenditures for Artesia Village approved in the current fiscal a of 1,778,635, including interest through May 18, 2022. During the current fiscal ye r o al interest through September 30 was calculated at $6,449, a reimbursement of $273 s applied to interest, and $7,429 was applied to principal. The amount due to Jabez- LB 13 .C. as of September 30, 2022, is calculated as follows: -19- LA PORTS REDEVELOPMENT AUTHORITY i NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 4. DUE TO DEVELOPERS (Continued) Approved Costs 5/18/22 Fiscal Year 2022Interest Fiscal Year 2022 Payment Fiscal Year 2022 Payment ISD Balance Due Developer 9/30/22 Principal _ $ 1,745,335 $ Interest Total Due 335300 $ 1,778,635 6,449 6,4499 (205668) (20,¢A Hawthorne at La Porte, LLC had reimbursable expenditures approved in of $1,953,245, including interest through January 19, 2022. Dur' g e additional interest through September 30 was calculated at $13, I a i was applied to interest, and $112,419 was applied to principal. e am t La Porte, LLC as of September 30, 2022, is calculated as fo ws: - P"rest al rest Approved Costs 1/19/22 $ 1,917, 5 355593 $ Fiscal Year 2022 Interest Fiscal Year 2022 Payment Fiscal Year 2022 Payment ISD Balance Due Developer 9/30/22 ent fiscal year rrent fiscal year, sement of $46,678 due to Hawthorne at Total Due 1,953,245 - 13,163 t3,163 70) (46,678) (71,948) In addition, certain Developers v i�d" a Development Agreement but have not submitted costs for reimbursement of r o� ts. Estimated costs, based on the agreement, are as follows: Stonemar*5NIB11,eekLLC $1,456,000 t approved on January 19, 2022 Under the agree,�%i nts, amount shown is not a payable debt if the tracts do not generate tax increment suffici o Dav the accrued amount. -20- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE 5. TAX INCREMENTS The CiTy has agreed to deposit their tax increments into the Tax Increment Fund established for the Zone. The amount of a Participant's tax increment for a year is the amount of property taxes le ed and collected by the Participant for that year on the Captured Appraised Value of re�rty taxable by the Participant and located in the Zone. The Captured Appraised a eal property taxable by a Participant for a year is the total appraised value of all tea r ert' axable by the Participant and located in the Zone for that year less the Tax Increme ch is the total appraised value of all real property taxable by the Participant and locate in a Zone on January 1 of the year in which the Zone was designated as such de' ax Increment Financing Act (the "TIF Act"). In the event property is annexed iirte by ordinance of the City, the Tax Increment Base for annexed property is the val 4 r property taxable by a Participant and located in the annexed area on January 1 the of annexation. No Participant is required to deposit tax increments derived ftQm p annexed into the Zone unless the Participant has agreed to do so. Each participant is required to collect taxes on r pe I located with the Zone in the same manner as other taxes are collected. The Parti ant is r quired to pay into the tax increment fund the collected tax increments by the fir a f each calendar quarter or pursuant to the terms of the participation set forth in their re ective terlocal agreements. NOTE 6. CTTY OF LA The City and the Zone have a Tax Increment Fund, a separate fund in the City Treasury into which tax incrwne be deposited. During the current fiscal t'PEincrements of $2,179,463 were recorded from the City of La Porte, and $2,980,8 rom school district based on collected taxes. NOTE 7. S COUNTY TAX INCREMENTS The C issi ers Court of Harris County (the "County") approved an agreement to participate in t 0 e amount of participation from years 2001 through 2029 will be 75% of the tax em t ibuted to the capture appraised value. Harris County's participation and use of fun ited to projects described in the agreement. During the current fiscal year, tax increments of $1,086,740 were collected from the County. -21- LA PORTE REDEVELOPMENT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS SEPTEMBER 30, 2022 NOTE S. PRIOR PERIOD ADJUSTMENT In the 2021 fiscal year, a payable was accrued for an amount due to the Independent. School District from tax increments. During the current fiscal year, it was determined that the payment was no longer required by the Independent School District. We adjusted the prior period balance as follows: Net Position,. September 30, 2021 Adjustment of Prior Year Amount Recorded as due to the ISD Net Position, September 30, 2021, As Adjusted General Fund Fund Balance, September 30, 2021 Adjustment of Prior Year Amount Recorded as due to d IUD ,> General Fund Fund Balance, September 30, 20Adjusted y 1 4 $ 1A. , 7> J y, $4;917,057 $8,793,101 7205000 $9,513,101 22 THIS PAGE INTENTIONALLY LEFT BLANK r` LA PORTE REDEVELOPMENT AUTHORITY SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE YEAR ENDED SEPTEMBER 30, 2022 REVENUES Tax Increment Revenue Interest Income and Final Budget 7,374,168 975 TOTAL REVENUES $ 7;375 EXPENDITURES Professional and Other Services $ 9 Capital Improvements 2,19 , 3 La Porte ISD Payment 220903371 City Administration r 1045976 Planning Services - Odter 70 TOTAL EXPENDITURES $ 4,442,980 NET CHANGE IN FUND BALANCE $ 25932,163 FUND BALANCE -OCTOBER AS ADJUSTED 955133101 FUND BALANCE - SE ER , 2022 $ 121445,264 46,118 6I8,063 108,973 22,7I2 45 Positive (Negative) $ (1,127,118) 393 $ (1,126,725) $ 2,832 1,580,550 2,090,371 (3,997) (22,772) 25 $ 795,971 $ 3,6475009 $ 5,4521447 $ 2,5209284 %513,101 0 $ 145965,548 $ 2,520,284 See accompanying independent auditor's report. -24- THIS PAGE INTENTIONALLY LEFT BLANK LA PORTE REDEVELOPMENT AUTHORITY BOARD MEMBERS AND ZONE ADMINISTRATOR SEPTEMBER 30, 2022 Authority Mailing Address La Porte Redevelopment Authority c/o David Hawes P. O. Box 22167 Houston, TX 77227 See accompanying independent auditor's report. -26- McCALL GIBSON SWEDLUND BARFOOT PLLC Certified Public Accountants 13100 Wortham Center Drive PO Box 29584 Suite 235 Austin, TX 78755.5126 Houston, Texas 77065-5610 (512) 610-2209 (713) 462-0341 mtaia.MgAV1le.e01n Fax (713) 462-2708 E-Mail: mrsWine nllc.mnt 7anuary 25, 2023 Board of Directors La Porte Redevelopment Authority City of La Porte, Texas We have audited the financial statements of the governmental activities and major fund of La P rt Re I meat Authority (the "Authority") for the year ended September 30, 2022. Professional standards requ provide you with information about our responsibilities under generally accepted auditing stand ell as certain information related to the planned scope and timing of our audit. We have communica uc� 'nformation in our engagement letter to you dated October 25, 2022. Professional standards also require t t unicate to you the following information related to our audit. For the purposes of this letter, the term" allot" refers to the Board of Directors and/or Authority consultants. Significant Audit Findings Qualitative Aspects ofAccounting Practices M//� Management is responsible for the selection and use of appropyfat '' accoting policies. Significant accounting policies used by the Authority, including new accounting policies', if an'y, that have been adopted and implemented during the current fiscal year, are discussed in Note 2. We ngjed no transactions entered into by the Authority during the year for which there is a lack of authoritative guida�0eor consensus. All significant transactions have been recognized in the financial statements in the proper pertia¢DThe nancial statement disclosures are neutral, consistent, and clear. f , `, Accounting estimates are an integral part c experience about past and current events particularly sensitive because of their signi events affecting them may differ signi. assumptions used to develop these offia statements taken as a whole. O Difficulties Encountered in We encountered no signiitc Corrected and Unca1'kNtlMisstatements yAments and are based on management's knowledge and ns about future events. Certain accounting esthates are tancial statements and because of the possibility that future expected. If applicable, we evaluated the key factors and ling that they are reasonable in relation to the financial f Audit in dealing with management in performing and completing ow audit. Professional standard equity us to accumulate all known and likely misstatements identified during the audit, other than those tha[.,are rly trivial, and communicate them to the appropriate level of management. The Authority's bookkeeper will 41 ided with all such adjustments. Manageni ehtRepl,esentations W }iave, requested certain representations from management that are included in the management representation letter dated January 25, 2023. Member of Amerirnn Ivstihtfe of Certified Puhlic Accountants Texas SocietyofCertified Public Accountants Board of Directors La Porte Redevelopment Authority January 25, 2023 Page 2 Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor's report. We are pleased to report that no such disagreements arose during the course of our audit. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an a ounting principle to the Authority's financial statements or a determination of the type of auditor's opinion t ay be expressed on those statements, our professional standards require the consulting accountant to c to determine that the consultant has all the relevant facts. To our knowledge, there were no such consul do ther accountants. We generally discuss a variety of matters, including the application of accounting with management each year prior to retention as the Authority's auditors. However normal course of our professional relationship and our responses were not a condit We were engaged to perform the following non -attest services for the and related notes and schedules in conformity with accounting princil America. These services were performed based on information p accordance with applicable professional standards. The non specifically defined and did not result in assuming managemgjit respo We applied certain limited procedures to the Manag iting standards, occurred in the 7aration of financial statements ally accepted in the United States of ou. We performed these services in we performed are limited to those s scussion an management regarding the methods of preparing the ith management's responses to our inquiries, the basic ng our audit of the basic financial statements. We did not assurance on the RSI. We were engaged to report on supplem to accompany the financial statements but are not RSI. With respect to this supplementary information, a rtain inquiries of management and evaluated the form, content, and methods of preparing the informati, n to to ine that the information complies with accounting principles generally accepted in the United States ' the method of preparing it has not changed from the prior period, and the information is appropriate andoffiftilete in relation to our audit of the financial statements. We compared and reconciled the supple tary kafpthiation to the underlying accounting records used to prepare the financial statements or to the fafilkal statements themselves, nded solely for the use of the Board of Directors of the Authority and is not intended to be, by anyone other than the specified party. McCall Gibson Swedlund Barfoot PLLC Certified Public Accountants Houston, Texas y ,� LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM T0: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 4. Discuss boundary expansion and authorize Fourth Amended Project Plan and Reinvestment Zone Financing Plan. LA PORTE RRORVRLOPMENT AUTHORITY 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, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TU: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 5. Receive update from Gauge Engineering on M Street. LA PORTS RBORVELOPMGNTAUTHONTY c/o Hawes Hill &Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314 PROGRESS REPORT Gauge\ ENGUNEERING JANUARY 2023 11750 Katy Freeway, Suite 400 TIRZ 1/CITY OF LA PORTE Houston, TX 77079 M-STREET IMPROVEMENT PROJECT Activities This Period: • Topographic Survey complete. • Gauge visited the site to confirm drainage assumptions and field review the survey. • Draft environmental site assessment report complete. o No evidence of RECs (Recognized Environmental Condition) o Phase II investigation not recommended • Drainage Analysis/Design o Existing conditions model complete. o Proposed model in progress. • Began drafting roadway schematic q Uucominp Activities: • Geotech to start boring and data collection. • Complete proposed drainage model. • Work on draft drainage report. • Continue roadway schematic and setting up drawing sheets, Outstandino items: • N/A 1 t LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM T0: La Porte Redevelopment Authority Board Gf Directors FROM: Executive Director SUBJECT: Agenda Item Materials 6. Consider approval or other action regarding authority invoices. 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 m m p Cis 5�i`r rvmi rr`roo(n" �rr���oo` 111fffC��� Zp W Tm n m m \ � \ \ m � m w T y 2 N N N N D N N N N NN N 2 mm N N N N N N N N N N T O O O O 0 0 O O" O N O O O O O O O O O N N N N n N N N N N N N N N N N N N N IIJJ N fZf D i to tVp1 V� In n 0 it . . . . # W -1 N N ryVr t/po In ��pp j In to C mD m m O d N f0 N N P= V m Oro A trl� N N N N N fG N �D » froD A O N 3 P V 'O •o m n' G) x x m x x p i O �S m Mjjh A n m D 2 2 2 D % m m m rho f�1 9 N O D fin OI a. 6 C a ro_ O P n m ro m ro a n Ro N kb o_ ro ro m m m m w j p 1 tJn T co 0m. wmwmm �NwN Nn mmoNn�OO C On O O O C N m m m m m m W N Q N m N N m In W n r mp m > > ro G < K �• < < w m m d_ m m m m w w V D m m C o W ro N>> ro N p 2 N N N S n N n A q N 3m ��Epp N N N N N N m D Z P r N O N N W V r !b r l0 N V t0 r N m p w w rn No g W w w r W w W o w w w m r W T A W tl� A m to A J l0 A N 0o to W A I V tO 9 O m W J N O V IJ V O O N V Ol tJ U! J D oO wo oou, in u, Qu 000wowww$ P G G W o w m l0 V NAN � bo J O W P V W N m O m O m G N Z N O W m Z tO to In N W VO W ? D A W O Z n m Invoices for approval Jan. 25, 2023 Blank Rome Inv 2088797 (special legal services) $ 41217,00 Gauge Engineering Inv 2181(engineering services) $39,981.24 Hunton Andrews Kurth Inv 1131797589 & 131796659 (legal services) $ 4,203.00 McCall Gibson Swedlund Barfoot PLLC Audit of La Porte RA for FY end 9,30,2022 $ 8,000.00 Hawes Hill & Associates Inv 1445 & 1480 (prof consult & admin) $ 4,178.65 TOTAL $60,579.89 BLANKROME 717TEXASAVENUE SUITE 1400 HOUSTON, TEXAS 77002 (713) W2 6401 FAX: V13) 228,6e05 FEDERAL TAX I.O. NO.23A311874 LA PORTE REDEVELOPMENT AL"RTORITY INVOICE DATE: JANUARY 09, 2023 ATM., DAVID HAWES CLIENTID: 166495 HAWES HILL & ASSOCIATES LLP MATTER NO, 16649540601 02752 9600 LONG POINT ROAD INVOICE NO. 208B797 SUITE 200 IOUSTON, TX 77055 REGARURVG: LA PORT'ERE➢EVELOPMENT AUTHORITY J. MORALES, INC. FOR LEGAL SERVICES RENDERED THROUGH l2/31f22 S 4,217.00 CURRENT INVOICE TOTAL $ 4,217.00 TTi i BANK NAME: Citvene Beck ADDRESS: PhOeddphi%PA ACCOUNT 33TLE: Blink Rome LLP ACCOUNT NUMBER: 6238669326 ABA NUMBER 036076150 (Domenic) SWIFT CODE: C7ZIUS33(Im¢roedorel) Dlank Romc LLP Attu Fimmco Department One Log® Square 130 North 18th Street Philadelphia, PA 19103-4998 To pay by ElactvDic Fmmds Transfer, visit www9bokRo.c.com/Per meats Gauge Engineering 11750 Katy Freeway, Suite 400 Houston, TX 77079 Le Porte TIRZ 9600 Long Point Road Suite 200 Houston, TX 77055 David Hawes Professional Services Provided Through January 13, 2023 Ga � e Ft*GiNEEIdIkG Invoice number 2181 Date 01/16/2023 Project 1192 M STREET IMPROVEMENTS - DESIGN Contrail Percent Pdor Total Description Amount Complete Billed Billed Remaining Current Billed Drainage Study 31,250,00 68.00 312.60 21,250,00 10,000,00 20,937,50 Base Design Phase 112,535,00 4,25 21250,70 49782,74 107,752.26 2,532,04 Bid Phase 6,420.00 0,00 0,00 0.00 6,420.00 0,00 Topo Survey • Kuo 23,820.50 69,20 0.00 1602.95 7,337.55 16,482.95 ESA -Cypress Env 4,290.00 0,00 0,00 OAO 41290,00 0.00 Geotechnical-Terracon 22,000,00 0,00 0.00 0,00 22,000.00 0,00 Structural-SSH 11,000.00 0.00 0.00 0.00 11,000,00 0.00 Value Engineering 5,345.00 100.00 5*345,00 59345,00 0.00 0,00 Expenses 12000.00 2.88 0.00 28,75 971.25 28.75 Total 217,660.50 22,00 7,908.20 47,889.44 169,771.06 39,981,24 Invoice total 39,981.24 Aging Summary Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 9D Over 120 2181 01116/2023 395981.24 39,98124 Total 39,981,24 39,981.24 0.00 0,00 0.00 0,00 I cen(fy the above to be hue and correct Please nor. new mailing addrass Please make checks payable lo: Gauge Engineering, LLC 11750 Katy Freeway, Suite 400 Houston, TX 77079 Muhammad Wi, PE Le Porte TIRZ Invoice number 2181 Invoke dale 01/16/2023 Pege 1 HUNTUN ANDREWS KURTH HUNTON ANDREWS KURTH LLP 600 TRAVIS, STE. 4200 HOUSTON, TX 77002 TEL T13 •220 • 420D EIN 54-0572269 Hawes Hill LLP FILE NUMBER: 011782.0000002 P. O. Box 22167 INVOICE NUMBER: 131797589 Houston, TX 77227-2167 DATE: 12/19/2022 CLIENT NAME: Laporte, TX, City of BILLING ATTORNEY: MARK B ARNOLD Statement for professional services and charges rendered in connection with the referenced matter(s), for the period ending November 30, 2022 per the attached itemization: CURRENJ f4yb]CE $UMMAkY . , RE; (Hunton # 011782.0000002) La Porte Development Agreement Current Fees: $ 1,632.00 Less Discount(10.00%): (163,20) Net Fees: $ 1,468.80 Current Charges: 0.00 CURRENT INVOICE AMOUNT DUE: $ 1,468,80 OUTSTANDINGINVOICE SUMMARY (FOkMATTER(S)ONTHIS7NVOiCEry INVOICE MATTERii DATE BALANCE 131796659 0000002 11/1712022 2,734.20 Outstanding Balance (For matters) on this invoice): 2,734.20 TOTAL AMOUNT DUE. (including Current Invoice Amount Due): 4,203.00 TO RECEIVE PROPER CREDIT, PLEASE ATTACH REMITTANCE COPY WITH PAYMENT. FOR BILLING INQUIRIES, PLEASE CALL: 804-788-8555 To Pay By Mail: To Pay by Wire Transferor ACH: HUNTON ANDREWS KURTH LLP Bank: Truist Bank, Richmond, VA PO BOX 405759 Account Name: Hunton Andrews Kunh LLP OperaBng ATLANTA, GA 303845759 Account Number. 00145t1094 ABA Transit: 061000104 Swift Code (International): SNTRUS3A Information vrith Wire: File: 011782.0000D02, Inv:131797589, Date: 12/19/2022 HUNTUN ANDREWS KURTH INVOICE SUMMARY -REMITTANCE PAGE Hawes HiII LLP P. O. Box 22167 Houston, TX 77227-2167 CLIENT NAME: Laporte, T)4 City oT BILLING ATTORNEY: MARK B ARNOLD HUNTON ANDREWS KURTH LLP 600 TRAVIS, STE. 4200 HOUSTON, TX 77002 TEL 713 • 220 • 4200 EIN 54-0572269 FILE NUMBER: 011782,0000002 INVOICE NUMBER: 131797589 DATE: 12/19/2022 Statement for professional services and charges rendered in connection with the referenced matter(s), for the period ending November 30, 2022 per the attached itemization: CURRENTINVOIdE SUMMARY: i-..- _. _. RE: (Hunton # 011782.0000002) La Porte Development Agreement Current Fees: $ 1,632.00 Less uIscount(10.owol: (163.20) Net Fees: $1,468.80 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: $1,468.80 DUTST(iNQINGIN1fAICE SUMMARY (f:OR FAATTER(S) ON THIS IRVOICE) INVOICE MATTER# DATE BALANCE 131796659 0000002 11/17/2022 2,734.20 Outstanding Balance (for matter(s) on this Invoice): 2,734.20 TOTAL AMOUNT DUE (including Current Invoice Amount Due): 4,203.00 TO RECEIVE PROPER CREDIT, PLEASE ATTACH REMITTANCE COPY WITH PAYMENT. FOR BILLING INQUIRIES, PLEASE CALL; 804-788.8555 To Pay 8y Mail: To Pay by Wire Transferor ACH: HUNTON ANDREWS KURTH LLP Bank: Truist Bank, Richnwnd, VA PO BOX 405759 Account Name: Hunton Andrews Kurth LLP Operating ATLANTA, GA 30384.5759 Account Number: 001458094 ABA Transit: 061000104 Swift Code (International): SNTRUS3A Information with Wire: File: 011782.0000002, Inv: 131797589, Dale: 12f19/2022 H U N T UN 600 T ANDREWS KURTH LLP 600 TRAMS, STE, 4200 ANDREWS KURTH HOUSTON, TX 77002 TEL 713.220.4200 EIN 54-0572269 INVOICE DETAIL Hawes Hill LLP FILE NUMBER: 011782,0000002 P. O. Box 22167 INVOICE NUMBER: 131797689 Houston, TX 77227-2167 DATE: 12/19/2022 CLIENT NAME: Laporte, TX, City of BILLING ATTORNEY: MARK 8 ARNOLD RE: (Hunton # 011782.0000002) La Porte Development Agreement FOR PROFESSIONAL SERVICES RENDERED THROUGH NOVEMBER3%2022 - DATE TIMEKEEPER DESCRIPTION HOURS VALUE 11/11/2022 M BENDER Review development agreement for 2,10 1,428.00 Bayway Homes and include edits, 11/14/2022 M BENDER Review development agreement and 0,30 204,00 incorporate edits. TOTALS 2,40 1/632000 TIMEKEEPER SUMMARY:: TIMEKEEPER STATUS HOURS RATE VALUE M BENDER Associate 2040 680.00 1,632.00 TOTAL FEES ($) 1,632.00 INVOI&SUMMARY: Current Fees: $ 1,632.00 Less Discount (10.00%): (163.20) Net Fees: $ 1,468.80 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: $1,468,80 H U N TO N HUNTONANDRE.4200 HLLP MO TRAMS, ANDREWS KURTH HOUSTON, TXX 77 4200 77002 TEL 713 • 220. 4200 E1N 54-0572269 INVOICE DETAIL Hawes Hill LLP FILE NUMBER: 011782,0000002 P. 0. Box 22167 INVOICE NUMBER: 131796659 Houston, TX 77227-2167 DATE: 11/17/2022 CLIENT NAME: Laporte, TX, City of BILLING ATTORNEY: MARK B ARNOLD RE: (Hunton # 011782,0000002) LaPorte Development Agreement f.OR-PROFESSIONAL SERVICES R�NDEfiED THR(iUGN DCTbQEf3,'g022 •,. r;- _ T. �r y - -., . _ - -_ DATE TIMEKEEPER DESCRIPTION HOURS VALUE 10/2212022 J B ANTRICAN Draft and revise Bayway Homes 2,40 1,884.00 development agreement. 10/24/2022 M B ARNOLD Review and revise Beyway Homes 0,80 840,00 Agreement. 10/24/2022 J B ANTRICAN Revise Bayway Homes development 0A0 314.00 agreement correspondence with client. TOTALS 3.60 31038A0 TINIEKEEPER$UMMARYi`' TIMEKEEPER STATUS HOURS RATE VALUE M B ARNOLD Partner 0.80 11050,00 840.00 J B ANTRICAN Associate 2,80 785,00 21198,00 TOTAL FEES ($) 39038.00 INVOIC6'SUMMARY: Current Fees: $ 3,038.00 Less Discount (10.00%): (303.80) Net Fees: $ 2,734.20 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: $ 2,734.20 HUNTUN ANDREWS KURTH HUNTON ANDREWS KURTH LLP 800 TRAMS, STE, 4200 HOU$TON, TX 77002 TEL 713 • 220.4200 EIN 54-0572289 INVOICE SUMh1ARY-REMITTANCE PAGE Hawes HIII LLP P. O. Box 22167 Houston, TX 77227-2167 CLIENT NAME: LaponeI TX, CRy of BILLING ATTORNEY: MARK B ARNOLD PILE NUMBER: 011782.0000002 INVOICE NUMBER: 131796659 DATE: 11/17/2022 Statement for professional services and charges rendered in connection with the referenced matter(s), for the period ending October 31, 2022 per the attached itemization: �Q,RRENT,(NVOICESI�MMARY ...g rF RE: (Hunton # 011782.0000002) La Porte Development Agreement Current Fees: $ 3,038.00 Less Discount (10.00%): (303,80) Net Fees: $ 21734,20 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: $ 2,734.20 OIf73'F�(bl t�aINV0I06"SUMMARY(FfJ*�U1ATjER,(jj}D�THIl1.iN�ili�)1 � :?� t,.. a �,: �"'t�.,"�". • .._ ,..«r , INVOICE MATTER# DATE BALANCE 131793646 0000002 08/22/2022 0.50 131795801 0000002 10/28/2022 1979 5, 50 Outstanding Balance (for matter's' on this invoice): 1,796.00 TOTAL AMOUNT DUE (including Current Invoice Amount Due): 4,530.20 TO RECEIVE PROPER CREDIT, PLEASE ATTACH REMITTANCE COPY WITH PAYMENT. FOR BILLING INQUIRIES, PLEASE CALL: 804-788-8555 To Pay By Mail: To Pay by Wire Transfer or ACH: HUNTON ANDREWS KURTH LLP Bank: Twist Bank, Ridlmond, VA PO BOX 405759 Account Name: Hunton Andrews KuM LLP Operating ATLANTA, GA 30384-5769 Account Number: D01458094 ABA Transit 061000104 Swift Code (International): SNTRUS3A Information with Wire: File: 011782.0000002, Inv: 131796659, Date:1111712022 HUN IUN ANDREWS KURTH INVOICE SUMMARY Hewes Hifl LLP P. 0. Box 22167 Houston, TX 77227-2167 CLIENT NAME: Laporte, TX, Cky of BILLING ATTORNEY: MARK 8 ARNOLD HUNTON ANOREWS KURTH LLP 600 TRAMS, STE. 4200 HOUSTON, TX 77002 TEL 773.220.4200 EIN 54-0572289 FILE NUMBER: 011782.0000002 INVOICE NUMBER: 131796659 DATE: 11/17/2022 Statement for professional services and charges rendered in connection with the referenced matter(s), for the period ending October 31, 2022 per the attached itemization: GItRR4t1T1fNV010E5lIMiiARY " `, r„ n r RE: (Hunton # 011782.0000002) La Porte Development Agreement Current Fees: $ 3,038.00 Less Discount(10.00°/n): (303.80) Net Fees: $ 2,734.20 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: $ 2,734.20 OUTSTANbIN0;7NV010ESUfi1M/IfiYlF4�'fJIATYEit(Sj�H'[111$�IN1�t�)�) �_�._ Y .. .':�.' �, ..- ;',, INVOICE MATTER# DATE BALANCE 131793646 0000002 08/22/2022 0,50 131795801 0000002 10/28/2022 1,795,50 Outstanding Balance (for matters) on this invoice': 1,795.00 TOTAL AMOUNT DUE (including Current Invoice Amount Due): 49530.20 TO RECEIVE PROPER CREDIT, PLEASE ATTACH REMITTANCE COPY WRH PAYMENT. FOR BILLING INQUIRIES, PLEASE CALL: 804-788-8555 To Pay By Mail: To Pay by Wire Transfer a ACH: HUNTON ANDREWS KURTH LLP Bank: Trulsl Bank, Richmond, VA PO BOX 405759 Account Name: Hunton Andrews Kurth LLP Operating ATLANTA, GA 30384-5759 Account Number: 00198094 ABA Transit: 061000104 Swift Code(Intemational): SNTRUS3A Information with Wire: File: 011762.0000002, Inv: 131796659, Date: 11117/2022 HUNTON MDREWS KURTH RJVOICE 5'JI,VAARY Hewer Hill LLP P. O. Box 22167 HoustOri, TX 77227.2167 cuI:NT oIAt�E: LrpoM, Tx, �Y a BIWNGATTORNEY: MARK 8ARNOLD HUNTON ANDR M KURTH LLP 600 TRAMS, STE, 4200 HOUSTON, Tx 77002 TEL 713 •220 • �200 ON 5{-0572288 FlLE NUMBER: 011782.0000002 INVOICE NUMBER: 13179MO OATS: 11117=22 Statement for professional services and charges rendered in connection with the referenced metter(s), for the period ending October 31, 2022 per the attached itemization: RE: (Hanlon # 01t782.0000002) La Porte Development Agreement Curcent Fees: Leas Discount (10.00%): Net Fees: Current Charges: CURRENT INVOICE AMOUNT DUE: OUTSTANDING INVOICE SUMMARY (FOR MATTERIS) ON THIS INVOICEI; WVWCE Outstanding MATTERi BATE BALANCE 131793648 0000002 08222022 0.50 1317958DI 00DOD02 10282022 1,795.50 Balance (for matter(s) on this invdca): $ 3,038.00 1202.80) $ 2,734,20 0.00 $ 2,734.20 7,796.00 TOTAL AMOUNT DUE (including Current Invoice Amount Due): 4,830.20 I .:.& F1 b I ,:. :r• rrrry HUNTON ANDREWS KURTH INVOiGE SU(AFr1AR'!-REh11TTANGE PAGE Hawes Hill LLP P. O. Box 22167 Houston, TX 772274167 cuENr NAIE: L,pak, TX, CHy of BILLING ATTORNEY: MARKS ARNOLD HUN70N ANpRFlN3 KURTH LLP 600 TRANS, STE. 4200 HOUSTON, TX 77002 TEL 7/3. 210.4200 FILE NUMBER: 011782.0000002 INVOICE NUMBER: 131796659 DATE: 11/1712022 Statement for professanal services and charges rendered in connect(on with the referenced matter(s), for the period ending October 31, 2022 per the attached itemization: RE: (Hanlon # 011782.0000002� La Pone Development Agreement Current Fees: Less Discount (10.0096): Net Fees: Current Charges: CURRENT INVOICE AMOUNT DUE: OUTSTANDING INVOICE SUMMARY (Fqt NIATTERIS) ON THIS INVgCE): INYgCE MATIERf DATE BALANCE 131793846 0000002 082212022 0.50 131795801 0000002 10/28/2022 11795,50 Outstanding Balance (tor matter(s) on this Invoke): $ 3,038.00 (303,80) $ 2,734.20 0,00 $ 2,734,2p 1,788.00 TOTAL AMOUNT DUE (including Current Invoice Amount Due): 4,ttiT0.20 ?ri3e71rRfrin�Bli*:L':'G. To Pay By Mail To Pay try Wke Transfer a ACH: HUNTON ANDREWS KURTH LLP Bank: Truist Bank, Rkhmorid, VA PO BOX 405159 Aaoorml Nang: Nunton Andrews Kurth LLP OpsreBng ATLANTA, GA 3038"759 Account Number: 0014580% ASATmelt 061000164 Swift Code (Irrh na(lonal): SNTRUSM Information with Wlw. Fie: 011782.0000002, Inw..13179M9, Date:11/17/2022 WOH U N TO N HUNTON S, STE,42 KURTH LLP 0 TRANS, S7 1200 ANDREWS KURTH HOU67DN, Tx 77002 TEL 713.220 a 4200 EIN 54-0372280 Hawes Hill L.LP FILE NUMBER: 011782.0000002 P. 0, Box 22187 INVOICE NUMBER: 131798859 Houston, TX 77227-2167 DATE: 1111712022 CLIENT NAME: LGPN* TX City of BILLING ATTORNEY: RAW B ARNOLD RE: (Hunton # 01'1782.0000002) LaPorte Development Agreement FOR PROFESSIONAL SERVICES RENDERED THROUGH OCTOBER 31, 2022: DATE TVEKEEPER DESCRIPTION HOURS VALUE 10/22/2022 J B ANTRICAN Draft and revise Bayway Homes 2.40 11884,00 development agreement. IM42022 M B ARNOLD Review and revise Bayway Homes 0,80 840,00 Agreement, 10242022 J B ANTRICAN Revise Sayway Hanes development 0.40 314,00 agreement correspondence with client. TOTALS &SO 3,038.00 TAEI(EEPER STATUS HOURS RATE VALUE MBARNOI.D Partner 0.80 1,050.00 840.00 J B ANTRICAN Associate 2,80 785,00 2,198.00 TOTAL FEES (E) 3,038.00 i''f•'�'T""TT:i7J Current Fees: S 3,038.00 Less Discount (10.00%): {303.80) Net Fees: $ 2,734,20 Current Charges: 0,00 CURRENT INVOICE AMOUNT DUE: i 21734.20 WCALL GIBSON SWEDLUND BARFOOT PLLC Certified Public Accountants 73100 Worlham Center Dane PO Box 29584 Suite• 2,35 Ausfirb TX 7875.55716 Houston, Twos 77065-5610 (572) 610-2209 (713)462-0341 w�mP.mnshnllcmm Fos (713) 462-2708 EMaa: rnssh@meshPlk mm January 16, 2023 La Porte Redevelopment Authority c/o Ms. Susan Hill Hawes Hill & Associates, LLP 9610 Long Point Road, Suite 150 Houston TX 77055 Client Number— 537-00 Audit of the La Porte Redevelopment Authority as of and for the year ended September 30, 2022. Interim Billing: 00 Member of Anmricm, Iutitute ojCertified Public Accm,ntnnn Tesns Sociery fCeniJled PubltcAcco,ouants HAWEs HILL & ASSOCIATES 4+�L7� lip Po sox zz167 Houston, Tx 77227-2167 INVOICE La Porte Redevelopment A dhorkyMRZ f1 604 WL Fairmont Pkwy, LaPorte, TX 77571 United States nEscRlPrwa Professional Consulting antl Administration Fee: December 2022 BALANCE DL1E d P,•''�ICF 1460 01/01/2023 _m„L.IR: Iri 2,000.00 52,000.00 HAWEs HILL & AssocIATES l.t,P ref PO BOX 22167 Houston, TX 77227-2167 INVOICE La Porte Redevelopment Au#writyfrlRZ #1 604 W. Fairmont Pkwy. LaPorte, TX 77571 United States DESCRIPTION Professional Consulting and Administration Fee: November 2022 In -House Poshage, Photocopies, Binding, Etc.: November 2022 �•1�= 12/01/2022 Reimbursable Mileage, Parfdng, Tolls and Related Expenses, L. Clayton: November 2022 BF,LPrJCE DUE AMouNr 2*000.00 129,90 48,75 $2,1MISS LA PORTE RDA/TIRZ #1 In-house Postage, Photocopies, Binding, etc. postage Date Amount 11/30/2022 $ 2.40 Total $ 2.40 Photocopies $0.15 Date Pages Amount 11/17/2022 75D $ 112.50 Total $ 112.50 Color Photocopies @ $0.50 Total $ Binding sets � $1.00 Date Sets Amount 11/17/2022 IS $ 15.00 Total $ 15.00 Totel, all Items Postage $ 2.40 Photocopies $ 112,50 Color Photocopies $ Binding sets $ 15.00 $ 129.90 )) - /$ |f £t £ )` { � - ,! ; { � { ; / { .( k )\ °{ !\ t { ! / 8181 ƒ 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 \, 8. Board member comments. a. Matters appearing on agenda; and b. Inquiry of staff regarding specific factual information or existing policy 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 i LJ J 1 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM T0: La Porte Redevelopment Authority Board or Directors FROM: Executive Director SUBJECT: Agenda Item Materials 9. Convene in Executive Session pursuant to Section 551.071, Texas Government Code, to conduct a private consultation with attorney. 10. Reconvene in Open Session and authorize appropriate actions regarding private consultation with attorney. LA PORTS RHUBVRLOPM6NT AUTHORITY c/o Hawes Hill &Associates LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 281-888-6314