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Home My WebLink About08-25-10 LPRDA/TIRZT Agendas d AgendaMaterialsrr Meetings of Boards s; Porte Redevelopment Authority E LA PORTE REDEVELOPMENT AUTHORITY STATE OF TEXAS )( COUNTY OF HARRIS )( CITY OF LA PORTE )( NOTICE IS HEREBY GIVEN OF THE MEETING OF THE LA PORTE REDEVELOPMENT AUTHORITY TO BE HELD ON August 25, 2010, AT 6:30 P.M. IN CITY COUNCIL CHAMBERS, CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS, REGARDING THE ITEMS OF BUSINESS ACCORDING TO THE AGENDA LISTED BELOW: 1. Call to order -- Lindsey Pfeiffer, President; 2. Consider approval of the minutes of Board of Directors Meeting held on June 30, 2010; Consider approval of the proposed La Porte Redevelopment Authority Fiscal Year 2010-2011 Fiscal Year Budget; 4. Receive staff report and updates with regard to Port Crossing, Lakes on Fairmont Green, Retreat at Bay Forrest Development Project, and Preserve at Taylor Bayou; 5. Consider approval or other action with regard to authority invoices; 6. Board member comments; a. Matters appearing on Agenda; b. Inquiry of staff regarding specific factual information or existing policy 7. Adjournment. THIS FACILITY HAS DISABILITY ACCOMMODATIONS AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETIVE SERVICES AT MEETINGS SHOULD BE MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT THE CITY SECRETARY'S OFFICE AT 281-471-5020 OR TDD LINE 281-471-5030 FOR FURTHER INFORMATION. A POSSIBLE QUORUM OF CITY COUNCIL MEMBERS MAY BE PRESENT AT THIS MEETING AND PARTICIPATE IN DISCUSSIONS BUT WILL NOT TAKE ANY ACTION. David W. Hawes Executive Director Date Posted LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA N EMORANDum TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 2. Consider approval of the minutes of Board of Directors Meeting held on June 30, 2010. E LA PORT, RE DEvimor ENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-595-1295 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORT> , TExAs AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 3. Consider approval of the proposed La Porte Redevelopment Authority Fiscal Year 2010-2011 Fiscal Year Budget. LA PoRTE RE xvELOPiv NT AuTmoRrry c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-595-1295 La Porte Redevelopment Authority Tax Inurement Reinvestment Zone Number One City of La Porte FY 2010- 11 Proposed Budget 2009-10 2010-11 Proposed 2009-10 Proposed Budget Estimated Budget Revenues: Beginning Fund Balance 204,068 496,956 505,982 City Transfer of TIRZ (Previous Years) Estimated TIRZ Revenues 1,400,804 1,928,273 2,000,000 Interest on City TIRZ Funds 2,500 771 750 Estimated TIRZ Developer Advances Sylvan Beach Restoration Project 1,300,000 Lakes of Fairmont Greens Retreat at Bay Forest Port Crossing Total Revenues 1,607,373 3,726,000 2,506,732 TIRZ M&O Expenses: Administration and Project Management 42,000 34,000 42,000 Legal 5,000 1,000 Agreed Upon Procedures Reports 7,500 5,000 5,000 Annual Audit 9,000 3,150 3,500 Operating Expenses 3,000 707 1,750 Bank Expenses 60 City Loan Repayment Total Expenses 66,560 42,857 53,250 Transfers City Administration 44,965. 64,229 66,000 Educational Facilities 244,264 386,152 400,000. Total Transfers 289,229 450,381 466,000 Capital Improvements City CEP Trunk Line Project TIRZ Developer Projects Sylvan Beach Restoration Project 1,300,000 Lakes of Fairmont Greens 71,083 Retreat at Bay Forest Port Crossing 1,058,177 1,356,697 1,400,000 1,058,177 2,726,780 1,400,000 Ending Fund Balance 193,407 505,982 587,482 LA PORTE REDEVELOPNIE;NT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director SUBJECT: Agenda Item Materials 5. Consider approval or other action with regard to authority invoices. d E LA PoRTE RuDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-595-1295 N qq ry N p pp M p y p m vi g O N of yp Vr +A v1 i/F N N N N M t9 e9 N JIL p H Y9 o is H 3 C his O N Pledged Securities Report as of 713012010 r-ELS. :• CVSIP Jg—dv 1jy Rare Mamrley Drigi dFace Mf *Ir V.4, Pledge Cade-W45 H evN •.UPORTR6DEV£LOPHENT.4UTHORTY PrlmarydmAlbwpw. Ha*a Vgf Cold S mnday Baakkvya; 3134Y.WiR rHlMC,IW PMI, d 7A16J7 Z67A 6117034 345550mF FORESTANPJt aTDfSTPA S1,u311,wx1.0n s.315?I.fl, 315Li0FH7 rOR$S',4;WA SCHDM'PA f fl'l.2017 4 11-va017 F156,emo S15[k672w1 Mc g3p5.00liU0 S3a6 D76.ir1 3250,000.w/ 5250,044.00 TamlPledges: 4 3f,75j,00g00 597j,i6%.Sfi u_.__...........,...,_._....'—...—,.....,_.,....,.._._,.__.._..._. Pagc l2 of7d5 n F w sr* = pll w n r r o ao m 0 c a m CDrn O rT 0 Er w QQ N m O 7 m O m O o n m M O a p f m rt mx P ° Lim iN N N o R InG 0 u, cr i C i 0 a o m ri m r. O m z w a CDa o=p051T5 Q` (0 rT- N r J m 0 N J t» C NW NO CD CCD r Right Sure. n19111 Price, 1300 FAIRMONT PKWY. 281) 842-1020 YOUR CASHIER WAS Verpnice I LT SANOWCH 3.99 A LI SANDWCH 3.99 B LI SPKDWCH 3.99 B LI SANDWCH 3.99 B N FLV MLK 1,29 F DELI SANDWCK 3.99 B DELI SANDWCH 3,99 B DELI SANDWCH 3.99 B DELI HAM SUB 319 B DELI SANDWCH 3:99 B DELI SANDWCH 3199 B DELI SANDW10H 3.99 B COKE CLSC PC 3.33 B SC 1333 KROGER SAVINGS 1.66 SC 0155 Free Coke 12pk 3.33-8 CT COKE PC 3.33 B SC 1333 KROGER SAVINGS 1.66 SPRITE PC 3.33 B SC 1333 XROGMGERSAVINGS 1NADE66MNH3,33 B SC 1333 KROGER SAVINGS 1.66***5200 KROGERPLUSCUSTOMERTAX 4,27 TAX EXEMPTION 4.27- xemm BALANCE 54.6T 034 KROGER #319 1300 FAIRMONT PKWY, LA PORTE TX 77E71 Credit Purchase x* ffx***F0366 TOTAL. 54.6T REF#. 337698 Credit 54.67 . EXEMPTED SALES AMT 63.38 CHANGE 0.00 f TOTAL NUMBER OF ITEMS SOLD 16 KROGEA SAVINGS KROGER PLUS SAVINGS - S 9.97, - TOTAL COUPONS 4 9.97 j TOTAL SAVINGS (16 Act..) S9.97 xxWa.: MOLL SAVI;1C'3 ' 4k ins- s(:. ltfi5 SGpm ;f9 6 219 !1J J Antonics' Italian Grill Seafood 1433 W, Fairmont Parkway La Porte, TX 281 867-9001 Servar; HOUSE 02/ 24/2010 Stacy/1 4: 32 PM GWeSts: 1 40048 LG Lasagna 45, OC LG EGGPLANT 4500 FLOURLESS 38:00 SWbtotal 126.00 Tax Exempt LPCITY 0.00 total 123;00 Mad #:{ifXXXXXXXXl(X0350 126,00 g Auth:0Auth. O1G299 Exp0911Balance DueO OD Tuesday Takeout Family Trai Feeds 4 Lasagna & Chicken Alfredo 3Am - 9pm $20 Check Closed --- K1a0 "NIsaeuirsrnplx si ` Lp(2B 11 970%935871 hank Iot 524r720100820529 zo: vnl kervrIe: 1 I NSale Entry hibdt Smlved dpprvb Witt Rattwi$NMI11/A/V } io: WNW Appr Cade: 053096 9mouptm # H.fl } I 1p Lis hear covv gnox V981TIx89 Apr Hewes HM Caldeton LLP P.D. Box 22167 Houston TX 77227-2167 TIRZ -La Porte 4 1 604 W. Fairmont Pkwy. LaPorte, TX 77571 STATEMENT DATE 8123/2010 AMOUNT RRMTMD Page 1 $ DATE INVOICE NO. DESCRIPTION CHARGES I PAYMENTS BALANCE 7/I/2010 00003642 Sale; City of La Porte $2,000.00 $2,000.00 8/13/2010 00003666 Sate; City of La Porte $3,640.70 $3,640.70 8/23/2010 Finance Charge S0.00 $0.00 CURMNT 30 DAYS 90 BAYS 90+DAYS AMOUNT DUE 3,640.70 $2,000.00 $5,640.70 Hawes Hill Calderon LLP P.O. Box 22167 Tiouston TX 77227-2167 Bill To: TIRZ -La Porte # 1 604 W, Fairmont Pkwy. La Porte, TX 77571 Invoice#: 00003642 Date: 7I112010 Page: I Invoice DATE DESCWPTION AMOUNT Project Management Services, Iulywlli 0 2,000.00 Sales Tax: 0.00 Total Amount; 2,000,Oo Amount Applied: 0.00 Balance Due: 2,000,00 Hawes }fill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 Bill To: TIRZ -La Porte # 1 604 W. Fairmont Pkwy. La Porte, TX 77571 Invoice#: 00003666 Date: S/tMol0 Page: I Invoice I DACE DESCRIPTION AMOUNT Project Management Services, August 2010 2,000.00 8125120W Bond of Directors Meeting L,500.00 Mileage, D. Hawes. 38.00 In house copies 551 .15 each+ 19 sets 101.65 In housepastage 1.05 Sales Tax: 0.00 Total Amount 3,640,70 Amount Applied: 0.00 Balance Due: 3,640.70 Terms: C.O.D. Terms: C.O.D. La Porte Redevelopment Authority Cash Flow Report, FY 2009-2010 Cleared Bank Construction Account Beginning fund balance, 10101/2009 10/3012009 Interest deposit (0.30%) 1113012009 Interest deposit (0.15%) 12/31/2009 Interest deposit (0.15%) V3112010 Interest deposit ( 0.10%) 2i2612010 Interest deposit ( 0,10%) 3/3112010 Interest deposit (0.10%) 4/3012010 Interest deposit (0.201%) 513112010 Interest deposit ( 0.20%) 613012010 Interest deposit ( 0.20%) 713112010 Interest deposit ( 0.20%) Total, revenues Cleared Bank Expenses Checks paid: Interest interest Interest interest interest interest interest interest Interest Interest t For Amount Subtotal Total 11/ 16/ 2009 # 114 Durwood Greene Construction Company final Paymt 2/29/2010 #115 Port Crossing Land, LP whartcnweems 7f712010 #116 Port Crossing Land (PCL) wwrton Weems Total, Checks paid Checks outstanding 8/1012010 # 112 Jones & Carter Wharton Weems rota[, Checks outstanding Checks submitted for approval August 25, 2010 none Total, Checks submitted Total expenses Fund balance, Construction Account as of August 24, 2010 141.038.98 34,78 21.26 11.39 8. 82 6. 39 2. 03 3. 46 3. 45 4. 06 141, 134.89 $ 141,134. 89 51, 651.11 67,002.00 18, 329,74 135, 982.85 4, 151.50 4, 151.50 141, 134.35 $ (141, 134.35) M4 Check No.# Date 8/10/2010 0112 To Jones & Carter For SH 146 Wharton Weems Tax Deductible Previous Balance Deposits Check Amount Balance Forward New Balance AP-404WIM5) 12/29/09 Mr. David Hawes Hawes Hill. Calderon 10103 Fondren, #300 Houston, Texas 77096 RE: SH 146 and Wharton Weems Construction Phase Service Dear David, The attached letter authorizing payment for Jones & Carter invoice numbers 0154430, 0155718, 0156543, and U158352 has been reviewed by the City of La Porte and has been approved for payment, with the exception of invoice no. 0155718, which was paid on 9/4/09. A payment of $4151.50 is recommended. Please process the enclosed pay application upon receipt. Please note that this is a fall and final payment for this project. if you have any questions, please let me know. You can reach me by phone at 281) 470-5017 or via email at osbomes@laportetx.gov. Warm regards, Stacey Osborne Economic Development/Main Street Coordinator City of La Porte cc: John Joems, Assistant City Manager LA PORTE TAX INCREMENT REINvESTMENT ZONE, CITY OF LA TORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Tax Increment Reinvestment Zone FROM: Zone Administrator SUBJECT: Agenda Item Materials 2. Consider approval of the minutes of Board of Directors Meeting held on June 30, 2010; 3. Consent agenda — any item may be removed by a board member for discussion o ENTERTAIN MOTION AND A SECOND TO APPROVE THE TM ITEMS IN THE SAME FORM AND MANNER AS WAS APPROVED IN THE PREVIOUS REDEVELOPMENT AUTHORITY MEETING — LINDSEY PFEIFI+ER, CHAIRPERSON a. Consider approval of the proposed La Porte Redevelopment Authority Fiscal Year 2010-2011 Fiscal Year Budget; b_ Consider approval or other action with regard to authority invoices; E LA PONE TAx 1NCREMENT REugwSTNMNT ZONE c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-595-1200 or FAX 713-541-9906 LA PORTE TAX INCREMENT REINVESTMENT ZONE STATE OF TEXAS X COUNTY OF HARRIS ){ CITY OF LA PORTE )( NOTICE IS HEREBY GIVEN OF THE MEETING OF THE LA PORTE TAX INCREMENT REINVESTMENT ZONE TO DE HELD ON AUGUST 25, 2010 AT 6:30 P.M. IN CITY COUNCIL CHAMBERS, CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS, REGARDING THE ITEMS OF BUSINESS ACCORDING TO THE AGENDA LISTED BELOW: 1. Call to order — Lindsay Pfeiffer, President 2. Consider approval of the minutes of Board of Directors Meeting held on June 30, 2010; 3. Consent agenda — any item may be removed by a board member for discussion Entertain motion and a second to approve the TIRZ items in the same form and manner as was approved in the previous redevelopment authority meeting — Lindsey Pfeiffer, Chairperson a. Consider approval of the proposed La Porte Redevelopment Authority Fiscal Year 2010-2011 Fiscal Year Budget; b. Consider approval or other action with regard to authority invoices; c. Board member comments with regard to matters appearing on agenda and inquiry of sticff regarding specific factual information or existing policy; d. Adjournment, THIS FACILITY HAS DISABILITY ACCOMMODATIONS AVAILABLE. REQUESTS FOR ACCOMMODATIONS OR INTERPRETIVE SERVICES AT MEETINGS SHOULD BE MADE 48 HOURS PRIOR TO THIS MEETING. PLEASE CONTACT CITY SECRETARY'S OFFICE AT 281-471-5020 OR TIDID LINE 281-471-5030 FOR FURTHER INFORMATION. A POSSIBLE QUORUM OF CITY COUNCIL MEMBERS MAY BE PRESENT AT THIS MEETING AND PARTICIPATE IN DISCUSSIONS BUT WILL, NOT TAKE ANY ACTION. A POSSIBLE QUORUM OF CITY COUNCIL MEMBERS MAY BE PRESENT AT THIS MEETING AND PARTICIPATE IN DISCUSSIONS BUT WILL NOT TAKE ANY ACTION. David W. Hawes Executive Director Date Posted La Porte Tax Increment Reinvestment Zone Dumber One, City of La Porte, Texas Minutes of the Board Meeting Held June 30, 2010 Call to order — Lindsay Pfeiffer, President The Board of Directors of the La Porte Tax Increment Reinvestment Zone Number One, City of La Porte, Texas, held a meeting, open to the public, on the 30'' day of June, 2010; the meeting was called to order at 7:04 p.m. in the City Council Conference Room of the City Hall, 604 West Fairmont Parkway, La Porte, Texas, and the roll was called of the duly appointed members of the Board, to wit: Peggy Antone Position 1 Dave Turmquist Position 2 Alton Porter Position 3 Horace Leopard Position 4 Doug Martin Position 5 JJ Meza Position 6 Lloyd Graham Position 7 Chester Pool Position 8 Lin Pfeiffer Position 9 - Chairman and all of the above were present except Director Leopard, Meza and graham, thus constituting a quorum. Also present at the meeting were John Joems, Stacey Osborne, David Hawes and Russell Plank. Consider approval of the minutes of the February 24, 2010 Board of Directors meetings. Upon motion made by Director Antone, seconded by Director Martin, the board voted unanimously to approve the minutes as presented. CONSENT AGENDA — ANY ITEM MAY BE REMOVED BY A BOARD MEMBER FOR DISCUSSION ENTERTAIN A MOTION AND A SECOND TO APPROVE THE TIRZ ITEMS IN THE SAME FORM AND MANNER AS WAS APPROVED IN THE PREVIOUS REDEVELOPMENT AUTHORITY MEETING Upon a motion duly made by Director Pool and being seconded by Director Turnquist, the board unanimously approved the consent agenda in the same manner and form as approved in the Redeveloprne t Authority Board Weting and arlinilrnp'd at 7.06 PM. SIGNED: TITLE: DATE: ATTEST: TITLE: DATE: