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
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1
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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
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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
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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
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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
))
-
/$
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£
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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