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Home My WebLink About01-23-06 Regular Meeting of Fiscal Affairs Committee Minutes MINUTES OF THE LA PORTE FISCAL AFFAIRS COMMITTEE January 23, 2006 1. Call to Order The meeting was called to order by Councilman Chuck Engelken at 5:00 p.m. Members of Committee Present: Councilmembers Barry Beasley, Tommy Moser and Chuck Engelken. Members of Committee Absent: Councilmember Howard Ebow and Councilmember Louis Rigby. Members of City Executive Staff and City Employees Present: City Manager Debra Feazelle, Assistant Finance Director Michael Dolby, City Secretary Martha Gillett, Secretary Shannon Green, Assistant City Secretary Sharon Harris, Assistant City Manager Cynthia Alexander, Planning Director Wayne Sabo and Assistant City Manager John Joerns. Other citizens: Mr. Pederson of Null Lairson, Jim Counts of Habitat for Humanity. 2. Consider approval of Minutes of Regular Meeting of La Porte Fiscal Affairs Committee Minutes held on October 24, 2005. Motion was made by Committee Member Beasley to approve the minutes as presented. A second by Committee Member Moser. The motion carried. Ayes: Beasley and Moser Nays: None Abstain: Engelken 3. Assistant City Manager Cynthia Alexander presented the Reading File on Regional Issues. She advised the committee to call if they had any questions. It was suggested the information be provided to Mayor and Council as well. Staff noted the information would be forwarded to Mayor and Council. 4. Assistant Finance Director Michael Dolby provided the fourth quarter (FY 2005) Investment Report. He noted the overall portfolio performance has been good. 5. Assistant Finance Director Michael Dolby introduced Mr. Pederson of Null/Lairson who provided the 2005 Audit Report. Mr. Pederson made the following statements as required by law: The City was issued an unqualified audit opinion. This is the highest rating a City may receive. Mr. Pederson provided an overview of a power point presentation. A copy of the presentation is attached to these minutes. Minutes of the La Porte Audit Committee - January 23,2006 - Page 2 It was noted there was a minor problem in the Single Audit with the quarterly investment report, however corrections have already been made. All prior year's audit comments have been resolved. There were no significant items to be reported and staff was complemented. 6. Review request for Habitat for Humanity Regarding Acquisition of the Delinquent Properties Assistant City Manager John Joerns provided the committee with an overview of the request. The committee directed staff to move forward on property to secure market value price. Jim Counts of Habitat for Humanity noted they are seeking additional property in the City of La Porte and have also been working with the Port of Houston on property they own. 7. Assistant Finance Director, Michael Dolby provided the credit card report. Mr. Dolby noted there were no charges out of the ordinary to be reported. He noted the hotel charge for John Joerns on Ms. Feazelle's credit card has been reversed by the hotel. 8. Administrative Reports. Staff had no administrative items to report. 9. Committee Comments Committee members Moser and Engelken made comments. 10. Adjournment There being no further business to come before the Committee, the meeting was adjourned at 5:38 p.m. Motion was made by Committee Member Beasley to adjourn. A second by Committee Member Moser. The motion carried. Respectfully submitted, '-1;1 tlIJ:i~ 11. #-f1U/ Martha A. Gillett, TRMC, CMC City Secretary Approved this 10th day of April, 2006. Chairperson Chuck Engelken ~~ 3 P -ILfO Recommendation to Fiscal Affairs Committee HCAD Account # 006-166-000-0027 Resale P140 Adjudged Value $9,279.12 $5,300 Taxes + Costs Offer Name: Bid Amount: Mission Realty $5,200.00 X IWith condition that they increase bid to the adjudged value of $5300. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 006-166-000-0027 Property Struck off for: Value 2000-18753 City of La Porte & La Porte Independent School District Francis F Sneiger May 2,2001 STRUCK OFF DATE: October 2,2001 June 15, 2001 October 25, 2001 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 S Donaldson Ave Lots 27-29 Block 76 Bayfront to La Porte ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 5,300.00 9,375 SUMMARY OF SALE ACTIVITY BIDDER: Mission Realty AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $5,200.00 $520.00 $4,680.00 BIDDER'S ADDRESS: 712 Spencer Hwy #200 South Houston, TX 77578 BIDDER'S PHONE NO: 713-594-6962 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $1,595.79 26.26% $2,989.57 49.19% $1,491.76 24.55% $6,077.12 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES ESTIMATED AMOUNT AMOUNT OF COURT CONSTABLE/PUBLICA AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST TION FEE (TISD) FEE DEED RECORDING FEE TAXES $5,200.00 $777.00 $175.00 $2,000.00 $250.00 $1,998.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $524.65 26.26% $982.89 49.19% $490.45 24.55% $1,998.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $9,279.12 Adjudged Value $ 5,300.00 $5,200.00 Total: $727.00 $50.00 Chris Stacey $0.00 $175.00 $250.00 $2,000.00 Lauine L Quast $1,998.00 Amount in Judgment: $1,491.76 $2,989.57 $1,374.09 $221.70 $0.00 $6,077.12 % 24.55% 49.19% 22.61 % 3.65% 0.00% 100.00% Amount Received $490.45 $982.89 $451.77 $72.89 $0.00 $1,998.00 P140 . . Real: Account Number Address Owner Name Advanced Personal: Account Number Address Owner Name Advanced Real Property Account HCAD Account # : 0061660000027 Tax Year: 12000 d Owner Name :-CITY OF LA PORTE Ownership History... Owner Address: PO BOX 1115 LA PORTE TX 77572-1115 Property Address : 0 S DONALDSON A V LA PORTE TX 77571 Legal Description: L TS 27 28 &. 29 BLK 76 BAY FRONT TO LA PORTE State Class Code: Cl -- Real, Vacant Lots/Tracts Homestead Exemption : -- Special Exemption : -- Disabled Veteran Exemption(s) : -- Jurisdiction Codes: 020 040 047 071 Overlapping/Shared CAD : No Capped Account: No Notice Date : ARB Approved: 8/4/2000 Value Status: All Values Certified Your taxes will be based on Appraised Value, less applicable exemptions, if any. Use market value for comparison with your neighbors. The appraised value below will reflect the homestead cap if applicable. Valuation: TY2000Pre Land: Improvement : AgjTmbr/Spc : Total Value: vious 5,300 o o 5,300 Change o o o o Appraised Value 5,300 o o 5,300 Market Value 5,300 5-Year Value History... Note: Home Records Maps Forms HeAD Info Links News For any problems or questions with any account, please email us with the account number (if you have it) and the nature of the problem or question. ... Real: Account Number Address Owner Name Advanced Personal: Account Number Address Owner Name Advanced Vacant Residential Property Data Account Number: 0061660000027 Location : 0 S DONALDSON A V Tax Year: 2002 View Main Screen [] Parcel ID : 20 - 00921.5 - 10.0 - 047.0 - 0/000 - 001 1 Land Use: 100 -- Residential Vacant Land Land Area: 9,375 sq. ft. CAMA Class : RVO -- Residential Vacant Map Facet : 62540 Key Map : 540Z Neighborhood: 2140 For any problems or questions with any account, please email us with the account number (if you have it) and the nature of the problem or question. Home Records Maps Forms HeAD Info Links News Scale 1" = 200' PUBLICATION DATE: October 23. 2001 N w E s FACET 6254D p - 05 '7(3) Recommendation to Fiscal Affairs Committee HCAD Account # 024-157-000-0049 Resale P057 (B) Adjudged Value $5,080.03 $3,100 Taxes + Costs Offer Name: Bid Amount: Jessica McGlothlin $3,100.00 X IBid is equal to the adjudged value. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 024-157-000- 0049 Property Struck off for: 1998-31451 City of La Porte & La Porte Independent School District H.B. Harrison; Frank Reynold March 10, 1999 STRUCK OFF DATE: July 6,1999 May 7,1999 August 17,1999 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 Lobit Ave Lots 11 & 12 Block 988 Town of La Porte ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 3,100.00 6,250 SUMMARY OF SALE ACTIVITY BIDDER: Jessica McGlothlin AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $3,100.00 $310.00 $2,790.00 BIDDER'S ADDRESS: 1422 Magnolia Bend West Baytown, TX 77520 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT BIDDER'S PHONE NO: 281-573-4684 COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $623.47 18.05% $1,513.42 43.80% $1,318.14 38.15% $3,455.03 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICA TJON FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $3,100.00 $0.00 $175.00 $1,200.00 $250.00 $1,475.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $266.17 18.05% $646.10 43.80% $562.73 38.15% $1,475.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $5,080.03 Adjudged Value $ 3,100.00 Total: $3,100.00 $0.00 $0.00 $0.00 $175.00 $250.00 $0.00 $1,200.00 Geoff Casavant $1,475.00 Amount in Judgment: $1,318.14 $1,513.42 $576.45 $47.02 $0.00 $3,455.03 % 38.15% 43.80% 16.68% 1.36% 0.00% 100.00% Amount Received $562.73 $646.10 $246.09 $20.07 $0.00 $1,475.00 P057 (B) Print Details Page 1 of 1 HARRIS COUNTY APPRAISAL DISTRICT REAL PROPERTY ACCOUNT INFORMATION 0241570000049 Tax Year: 2006 Owner and Property Information Owner Name & CITY OF LA PORTE Legal Description: LTS 11 & 12 BLK 988 Mailing Address: CAUSE #98-31451 LA PORTE PO BOX 1115 Property Address: o LOBIT AVE LA PORTE TX 77572-1115 LA PORTE TX 77571 State Class Code Land Use Code Land Area Total Living Area Neighborhood Map Facet Key Map Xl -- Governmental Exempt 2000 -- Residential Vacant 6,250 SF o SF 2164 62540 540Y Capped Account Value Status Notice Date ARB Status Shared CAD No Noticed 4/19/2006 Not Certified No Value Status Information Exemption Type Districts Jurisdictions 2005 Rate 2006 Rate Total 020 LA PORTE ISO 1.73350 040 HARRIS COUNTY 0.39986 041 HARRIS CO FLOOD CNTRL 0.03322 042 PORT OF HOUSTON AUTHY 0.01474 043 HARRIS CO HOSP DIST 0.19216 044 HARRIS CO EDUC DEPT 0.00629 047 SAN JACINTO COM COL 0 0.14536 071 CITY OF LAPORTE 0.71000 Exemptions and Jurisdictions 2005 Value 2006 Value Market Appraised Market Appraised Land Land 3,125 Improvement Improvement 0 Total 3,125 3,125 Total 3,125 3,125 Valuations Building Vacant (No Building Data) http://www .hcad.org/records/Print.asp ?taxyear=2006&acct=0241570000049&card= 1 &bld... 4/17/2006 1 5 125 ~ 9 i!: 8 i!: 7...9Q4~ _ _ ~ 6_____i!: 5.llSL_i!: 4_ _ _ _ _ ~ 3_ _ _ _ _ ~ 2 125 ~ 1-0021 i!: Q.----~ I1.-QOJ!t - ~ 18 125 ~ .p0\~-OO42 ~ 16 125 i!: i!: ~l _ ~2~ _ _ ~ Z i!: ------- Harris County .Appraisal District ~ N ~3 ~ ------- ~ N ~ ;::> z w > <<C .....l -' o 0:: 0:: <<C U Scale 1" = 200' PUBLICATION DATE: October 08, 1888 N w+. 5 FACET 6254D POS'7 LA) Recommendation to Fiscal Affairs Committee HCAD Account # 024-157-000-0047 Resale P057 (A) Adjudged Value $2,134.45 $1,600 Taxes + Costs Offer Name: Bid Amount: Jessica McGlothlin $1,600.00 X IBid is equal to the adjudged value. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 024-157-000-0047 Property Struck off for: Value 1998-31451 City of La Porte & La Porte Independent School District H.B. Harrison; Frank Reynold March 10, 1999 STRUCK OFF DATE: July 6,1999 May 7,1999 August 17,1999 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 Lobit Ave Lot 3 Block 988 Town of La Porte ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 1,600.00 3,125 SUMMARY OF SALE ACTIVITY BIDDER: Jessica McGlothlin AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $1,600.00 $160.00 $1,440.00 BIDDER'S ADDRESS: 1422 Magnolia Bend West Baytown, TX 77520 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT BIDDER'S PHONE NO: 281-573-4684 COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $348.51 25.47% $836.08 61.1 0% $183.86 13.44% $1,368.45 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICATION FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $1,600.00 $341.00 $175.00 $0.00 $250.00 $834.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $212.40 25.47% $509.55 61.10% $112.05 13.44% $834.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $2,134.45 Adjudged Value $ 1,600.00 Total: $1,600.00 $291.00 $50.00 Chris Stacy $0.00 $175.00 $250.00 $0.00 $0.00 $834.00 Amount in Judgment: $183.86 $836.08 $298.46 $50.05 $0.00 $1,368.45 % 13.44% 61.10% 21.81 % 3.66% 0.00% 100.00% Amount Received $112.05 $509.55 $181.90 $30.50 $0.00 $834.00 P057 (A) Print Details Page 1 of 1 HARRIS COUNTY APPRAISAL DISTRICT REAL PROPERTY ACCOUNT INFORMATION 0241570000047 Tax Year: 2006 Owner and Property Information Owner Name & CITY OF LA PORTE legal Description: LT 3 BLK 988 Mailing Address: CAUSE #98-31451 LA PORTE PO BOX 1115 Property Address: o LOBIT AVE LA PORTE TX 77572-1115 LA PORTE TX 77571 State Class Code land Use Code Land Area Total Living Area Neighborhood Map Facet Key Map Xl -- Governmental Exempt 2000 -- Residential Vacant 3,125 SF o SF 2164 62540 540Y Capped Account Value Status Notice Date ARB Status Shared CAD No Noticed 4/1912006 Not Certified No Value Status Information Exemption Type Districts Jurisdictions 2005 Rate 2006 Rate Total 020 LA PORTE ISO 1. 73350 040 HARRIS COUNTY 0.39986 041 HARRIS CO FLOOD CNTRl 0.03322 042 PORT OF HOUSTON AUTHY 0.01474 043 HARRIS CO HOSP DIST 0.19216 044 HARRIS CO EDUC DEPT 0.00629 047 SAN JACINTO COM COLD 0.14536 071 CITY OF LAPORTE 0.71000 Exemptions and Jurisdictions 2005 Value 2006 Value Market Appraised Market Appraised Land Land 1,562 Improvement Improvement 0 Total 1,562 1,562 Total 1,562 1,562 Valuations lIuilding Vacant (No Building Data) http://www.hcad.org/records/Print.asp?taxyear=2006&acct=024157000004 7 &card= 1 &bld... 4/17/2006 16 12' 9 III 8_____~ ?:9Q4g _ _ :q 6_ _ _ _ ~ 5~84 _ _ l!J. ~----~ 3_____~ 2 '25 l(l 1 -<JO~l :Ii Q.-~--~ ~-QO,'3a _Ill 18 125 :q ;DO\9.-<J04~ ~ w :=, Z w >- <t -J -'I o ~ a:. <t U fJ 001 Recommendation to Fiscal Affairs Committee HCAD Account # 058-012-007-0005 Resale P007 Adjudged Value $3,808.32 $4,900 Taxes + Costs Offer Name: Bid Amount: Agile Homes, LLC $5,500.00 x I Bid is sufficient to cover the costs associated with the judgment. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 058-012-007-0005 1991-38351 City of La Porte & La Porte Independent School District Mrs. WA Hamlett, ET AL December 11, 1992 STRUCK OFF DATE: February 16, 1994 June 16, 1905 STRUCK OFF TO: Bill Bailey, Constable Precint No 8 Bayshore Drive Lot 5 Block 7 Pine Bluff May 3, 1994 La Porte ISD ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 4,900.00 4,750 SUMMARY OF SALE ACTIVITY BIDDER: Agile Homes, LLC AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $5,500.00 $550.00 $4,950.00 BIDDER'S ADDRESS: PO Box 41 La Porte. TX 77572-0041 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT BIDDER'S PHONE NO: 281-303-7905 COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $1,291.70 38.88% $482.24 14.52% $1,548.38 46.61% $3,322.32 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES ESTIMATED AMOUNT AMOUNT OF COURT CONST ABLElPUBLlCA TI AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST ON FEE (TISD) FEE DEED RECORDING FEE TAXES $5,500.00 $191.00 $175.00 $75.00 $45.00 $5,014.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $1.949.42 38.88% $727.79 14.52% $2.336.79 46.61% $5.014.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: La Porte ISD City of La Porte Harris County San Jacinto CCD State of Texas Costs + Taxes $3.808.32 Adjudged Value $ 4.900.00 $5,500.00 Total: $191.00 $0.00 $0.00 $175.00 $45.00 $0.00 $75.00 Grady Paris White $5,014.00 Amount in Judgment: $1,548.38 $482.24 $1,291.70 $0.00 $0.00 $3,322.32 % 46.61 % 14.52% 38.88% 0.00% 0.00% 100.00% Amount Received $2,336.79 $727.79 $1,949.42 $0.00 $0.00 $5.014.00 P007 P007 HCAD Account Number - 058-012-007-0005 Legal Description - Lot 5 Block 7, Pine Bluff Description - This property is on Bayshore Avenue, 200 feet from the southeast comer of Bayshore and "A" Street. 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I:rc:....---'ll 1~.L.~! 115,45o-OlS-0007' ,,,,,9J v<' ~ sfi . 'fl'5D"''f''5'iF'f'''5r'''-Sij'''1'''''5(i'''';'''g~;'~:;';'''''''''''''''''''''''''''''''''''''"''''''''~if.'r'''''''')Z:'''"'"'''''''''''''''''''''''''' . ! 19 : 20 i 21 ! 22 : 23 : 24 I 25 !. 1 ~ 1 ~71001' ~ ' ; I '! I: ~ ~~.~ .() tJ. 'In \ ~\ j~ 10 I ~\ ~;tP 456.97 g l~ ;to') I ....! N !... 10"4' I ...'!- - - -~. "--'385.62'ici c;> i "'6 1 ~ ! ,,,,~ 1 ! 26 'i: ~ 2715 i q I j I q I 113 9 -0002 60 I 60 l 60 \ 50 60' 50 I 50 ~ 82.73(CI r.r...-t...iij...j..,--....., ;I' l:!~ 2 0.13" I"'."" . ~ 1$ lit ,31 t.....-..I i~. : ~. ~~4 ;\5" ,- ... 'LEi.!! 1 "l;\t", t' WOODS ON THE "..,,,"'" \ 4'/ L:::::T f5=-.r6~A, Y -- src:z/ 80 :z!7 ~87 , , AVENUE CRESCENT VIEW [~_~Q=O?'?] 367.0Hc) 2803 -0004 ... _"9!! :111.nICI l I ," ~I al 10 10: 9 i 8 1 7 <'II i ~ml I m! I ~~l ~) : (f)~! r-o: I \ I' 0 l 01 I 1 I 1 I ~ \ ~l .. 6&J~~.~~tJe;~'f~~'~~_9._.. I.?~~?&r:: )0 2 "'''~t~ 1 12 '" 2829 0.<:'_, 10, -oD01 II'(~~ -----0----- -----.(,-... CO 4 I 3 0 4 ~; 3 28 0 _ ~i) 90 _ t:; __ M& _ ~ __ __ _ ~ '00 {~ _-O~~tm !6 0 W 05 ,.....,... I 6 0 5 0\6 :L _.JJ~5- UJ e: ~ _ _ _~~!: _ _ _ _ _~ _& _1n1_... 100 B~J~ J 7 0 Ul 08 1 7 08 0) 7 2816 ~6 Inl 90 1I1 l,O 100 I 100 10 1O\-!XffJJ 114 . 6 :13 112 1M \ '~!!!;. t." l I 1 I ; I ! 400 ..;:_...-UQ$I."l'&i.=:.iii-~uT06m:'='i:"=: .... 1 01 2 2815 '" ~ _ -<:~ _ _ 10_1...... _:9.9.Q~_ ...:. .. ,'QQ. :zt~~~m= ~ ~~O~ _:ZJ6,~~g_~ 8 .. _ _ _ _ ~~__t _ _ .. _ _ _ - - .. - - SHORE AVENUE r-058::...0.09.....) ,so A elM MO c;> !i4 .go.. 50 '4 J j 6 I 7 1, 8 ~.' 9 1.10 \11 \ 1 i 50 1 50 ! 50 I : 2 : 3 I i 5 I I , ! 1 , \ 2 \3 )4 tl5 \16 ~7 ~B 119 I I ~5' ~\ ~~l:=~l ~:aCOg~IS~\PiO~I~...{R; ~I, 29 ~l 5' 101 EJ:1 ,...~:Nt1UI .~......O.....','.."',6.0~....:....6.Q. 1\.00"1. .\, "'~oq~, ~ I Nq ; N~ \-~ I ~S \ ~q \ <?I I q I <n; ~ I ~q I ~ ..~~.. ~ ._ _ -.. ~ ~ 60_ t 50 I So. L!HL \ ~o ~ 5~ ~ 60 :_50_ \ 60 ~ 60 -f 50 I 50__~~~1 8 :37 \36 '35 134 133 132 131 \ 30 : 29 : 28 :27 126 :25 ,24 '23 >22 '21 1 50 ,...l ~ I qo I : ~ 0...- ~ \ aJaJ (:>'<~ 1 I""- i lSl. I' Nn I ,20 o:ta !\., I ~~' :fi\ I N~ I ~i : ~~\l) ~i ~~l ~~ II ~l ~l ~C"Iil *igN~ ~ ~ Nq ~ I q, I l 9 I .,. ! -9) -~ ! ~ I ~~, I ~o 605050\60 60150\60l50 50160150 50\5050'50'601509 lCJ ~ 625202 -- /J} &~) r\ 0.,:; /~ I ~~j ~ '~ Harris County Appraisal District 0> ~ CJl ~ ~ .... Scale 1" .. 200' PUllllCAT'ON DATE: MaV07,2002 N w+, s FACET 62528 1 2 3 4 5 6 7 8 9 11 12 poo(P Recommendation to Fiscal Affairs Committee HCAD Account # 023-206-084-0026 Resale P006 Adjudged Value $28,437.11 $54,940 Taxes + Costs Offer Name: Bid Amount: Linda Westergren $22,000.00 Recommendation: Approve Reason: X IBid is not sufficient to cover the costs associated' the judgment nor equal to the adjudged value. Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 023-206-084-0026 Property Struck off for: Taxes 1991-31131 City of La Porte & La Porte Independent School District Scott, Claudell E. & Heirs December 16,1992 STRUCK OFF DATE: December 2,1997 November 11, 1997 January 21, 1998 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 300 Block of North Broadway Lots 26-32 Block 84 La Porte ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $54,940.00 21,875 SUMMARY OF SALE ACTIVITY BIDDER: Linda Westergren AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $22,000.00 $2,200.00 $19,800.00 BIDDER'S ADDRESS: PO Box 610 La Porte, TX 77571 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT BIDDER'S PHONE NO: 281-471-5325 COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $11,297.85 41.31 % $9,967.00 36.45% $6,082.26 22.24% $27,347.11 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICATION FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $22,000.00 $665.00 $175.00 $0.00 $250.00 $20,910.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $8,638.50 41.31 % $7,620.91 36.45% $4,650.58 22.24% $20,910.00 Amount of Bid: Costs: -District Clerk -Tax Master -Liens -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $28,437.11 Adjudged Value $ 54,940.00 Total: $22,000.00 $615.00 $50.00 $0.00 $175.00 $250.00 $0.00 $0.00 $20,910.00 Amount in Judgment: $6,082.26 $9,967.00 $11,297.85 $0.00 $0.00 $27,347.11 % 22.24% 36.45% 41.31 % 0.00% 0.00% 100.00% Amount Received $4,650.58 $7,620.91 $8,638.50 $0.00 $0.00 $20,910.00 P006 HARRIS COUNTY APPRAISAL DISTRICT REAL PROPERTY ACCOUNT 0232060840026 2001 ACCOUNT INFORMATION STATE CLASS CODE: X1 - Governmental Exempt OWNER INFORMATION LOCATION INFORMATION Owner Name: CITY OF LAPORTE Owner Address: CAUSE #91-31131 PO BOX 1115 LA PORTE TX 77572-1115 EXEMPTIONS INFORMATION Property Address: 317 BROADWAY LA PORTE TX 77571 Legal Description: L TS 26 THRU 32 BLK 84 LA PORTE JURISDICTION INFORMATION Homestead Exemption: E - Total Exemption Special Exemption: - Disabled Veteran Exemption(s) : - Code Jurisdictionffaxing Unit 2000 2001 Rate Rate 020 LA PORTE ISO 1.630001.63000 040 HARRIS COUNTY + RELATED ENTITIES 0.64802 0.64627 047 SAN JACINTO JR COLLEGE DISTRICT 0.12600 0.13071 071 LA PORTE, CITY OF 0.710000.71000 VALUE STATUS INFORMATION Notice Date: 4/26/2001 Capped Account: No VALUATION INFORMATION Value Status: All Values Certified ARB Approved: 8/10/2001 Valuation 2000 Appraised Land: $20,900 Improvement: $45,670 AgffmbrlSpc: $0 Total Value: $66,570 RESIDENTIAL IMPROVED DATA Change $0 $0 $0 $0 2001 Aooraised $20,900 $45,670 $0 $66,570 2001 Market Value $66,570 [!] ParcellD : 20 - 00921.3 - 07.0 - 004.0 - 0 I 000 - 004 7 Land Use: 101 - Residential 1 Family CAMA Class: RI1 - Residential Improved Total Living Units: 1 Year Built: 1940 Style: Bungalow Stories : 1 Living Area* : 360 sq. ft. Bed I Bath: 2 /1 full, 0 half Rec I Total Rooms: 0 / 4 Wood Fireplace: 0 Metal Fireplace: 0 Other : Carport Land Area: 0 sq. ft. Map Facet: 62540 Key Map: Neighborhood: 2164 Exterior Wall: Frame or Concrete Block Foundation: Crawl Space Heating I Air: None Attic: None Physical Condition: Poor Grade: 0- Status: Dwelling * The Living Area for residential properties is calculated by measuring the outside perimeter of the structure and includes only finished, habitable residential space. 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I ';: il( "'"',"" ""'HJ32-OOOI, , .. 1~1}~~J~I~1 25 ',25 '25 125 125 12'5}25 ~5!15 '25'25)25 ',25125 I 25 \ 25 CJJ -3 ::0 t'l M -'J P13~ Recommendation to Fiscal Affairs Committee HCAD Account # 006-140-000-0007 Resale P138 Adjudged Value $3,116.20 $100 Taxes + Costs Offer Name: Bid Amount: Gordon & Elsa Black $100.00 X IBid is equal to the adjudged value. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S}: JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 006-140-000-0007 1998-29660 City of La Porte & la Porte Independent School District Seaboard Realty & Building Company April 6, 1999 STRUCK OFF DATE: July 19, 1999 September 21, 1999 STRUCK OFF TO: Bill Bailey, Constable Precint No 8 Blackwell Street Tr 7 Block 50, S1/2 of lor 7 Bayfront to la Porte September 7, 1999 City of la Porte ADJUDGED VALUE ( IN JUDGMENT): SQUARE FOOTAGE: $ 100.00 1,562 SUMMARY OF SALE ACTIVITY BIDDER'S ADDRESS: 527 S Shady Lane la Porte, TX 77571 BIDDER: Gordon & Elsa Black AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $100.00 $10.00 $90.00 BIDDER'S PHONE NO: 281-471-0694 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $220.15 24.24% $417.14 45.93% $270.91 29.83% $908.20 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES ESTIMATED AMOUNT AMOUNT OF COURT CONSTABLE/PUBLICA AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST TION FEE (TISD) FEE DEED RECORDING FEE TAXES $100.00 $283.00 $175.00 $1,500.00 $250.00 -$2,108.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT -$510.98 24.24% -$968.21 45.93% -$628.80 29.83% -$2,108.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $3,116.20 Adjudged Value $ 100.00 $100.00 Total: $233.00 $50.00 Chris Stacey $0.00 $175.00 $250.00 $1,500.00 George Young -$2,108.00 Amount in Judgment: $270.91 $417.14 $193.21 $26.94 $0.00 $908.20 % 29.83% 45.93% 21.27% 2.97% 0.00% 100.00% Amount Received -$628.80 -$968.21 -$448.45 -$62.53 $0.00 -$2,108.00 P138 . . I " Real: Account Number Address Owner Name Advanced Personal: Account Number Address Owner Name Advanced Real Property Account HCAD Account # : 0061400000007 Tax Year: 12000. Owner Name : CITY OF LA PORTE Ownership History... Owner Address : CAUSE #98-29660 PO BOX 1115 LA PORTE TX 77572-1115 Property Address: 0 BLACKWELL LA PORTE TX 77571 Legal Description : TR 7 BLK 50 S 1/2 OF LT 7 BAY FRONT TO LA PORTE State Class Code : Xl -- Governmental Exempt Homestead Exemption : E -- Total Exemption Special Exemption : -- Jurisdiction Codes: 020 040 047 071 Overlapping/Shared CAD : No Capped Account: No Notice Date : ARB Approved: 8/4/00 Value Status: All Values Certified Your taxes will be based on Appraised Value, less applicable exemptions, if any. Use market value for comparison with your neighbors. The appraised value below will reflect the homestead cap if applicable. Valuation : TY2000 Land: Improvement : Ag/Tmbr/Spc : Total Value : Previous Change Appraised Value 100 0 100 0 0 0 0 0 0 100 0 100 Market Value 100 5-Year Value History... Note: Home Records Maps Forms HeAD Info Links News For any problems or questions with any account, please email us with the account number (if you have it) and the nature of the problem or question. " I , Real: Account Number Address Owner Name Advanced Personal: Account Number Address Owner Name Advanced Vacant Residential Property Data Account Number: 0061400000007 Location : 0 BLACKWELL Tax Year: 2000 View Main Screen IT] Parcel ID : 20 - 00921.5 - 06.0 - 021.0 - 0/ 000 - 001 4 Land Use: 100 -- Residential Vacant Land Land Area: 1,562 sq. ft. CAMA Class : RVO -- Residential Vacant Map Facet : 62540 Key Map : 540Z Neighborhood : 2140 For any problems or questions with any account, please email us with the account number (if you have it) and the nature of the problem or question. Home Records Maps Forms HeAD Info Links News '" >~" "'. "'- 'Oo.>~ '" "'- '00-2cl},g"'- "'-?.. L "'" "'~"c9. "'- ~O ~~C) "'- County " '~~~ "'- ~ "'- '" ~" '" ?O'~~~ ~<rC) ~ "'- "'- Ap p r a i sa I ~;~%, "', "" ~, "'- "'- District \;>~,g '" ~<.~<o/~ '" ~'?Ircf/, '" :-/~. ()~// " <b '-.../ "" ' , K Harris '" '" Soale 1" = 200' PUBLICATION DATE: May 03, 2002 N w 5 FACET 6254D 1 2 3 4 5 6 7 8 /; 9 10 11 pJ 0'1 j Recommendation to Fiscal Affairs Committee HCAD Account # 024-156-000-0017 Resale P071 Adjudged Value $2,342.90 $800 Taxes + Costs Offer Name: Bid Amount: Tracy & Elsa Black $800.00 X IBid is equal to the adjudged value. Recommendation: Approve Reason: Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 024-156-000-0017 Property Struck off for: Value 1999-17900 City of La Porte & La Porte Independent School District Blackwell & Heirs August 10, 1999 STRUCK OFF DATE: February 1, 2000 December 10, 1999 February 28, 2000 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 E D Street Lot 17 Block 987 Town of La Porte ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 800.00 1,540 SUMMARY OF SALE ACTIVITY BIDDER: Tracy & Elsa Black AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $800.00 $80.00 $720.00 BIDDER'S ADDRESS: 527 S Shady Lane La Porte, TX 77571 BIDDER'S PHONE NO: 281-471-0694 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $422.39 35.44% $485.65 40.75% $283.86 23.82% $1,191.90 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICATION FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $800.00 $726.00 $175.00 $0.00 $250.00 -$351.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT -$124.39 35.44% -$143.02 40.75% -$83.59 23.82% -$351.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISD Harris County San Jacinto CCD State of Texas Costs + Taxes $2,342.90 Adjudged Value $ 800.00 $800.00 Total: $676.00 $50.00 Mike Landrum $0.00 $175.00 $250.00 $0.00 $0.00 -$351.00 Amount in Judgment: $283.86 $485.65 $368.73 $51.68 $1.98 $1,191.90 % 23.82% 40.75% 30.94% 4.34% 0.17% 100.00% Amount Received -$83.59 -$143.02 -$108.59 -$15.22 -$0.58 -$351.00 P071 Print Details Page I of I HARRIS COUNTY APPRAISAL DISTRICT REAL PROPERTY ACCOUNT INFORMATION 0241560000017 Tax Year: 2006 Owner and Property Information Owner Name & CITY OF LA PORTE legal Description: LT 17 BLK 987 Mailing Address: CAUSE NO 1999-17900 LA PORTE PO BOX 1115 Property Address: OED LA PORTE TX 77572-1115 LA PORTE TX 77571 State Class Code Land Use Code Land Area Total Living Area Neig h borhood Map Facet Key Map Xl -- Governmental Exempt 2000 -- Residential Vacant 1,540 SF o SF 2164 6254D 540Y Capped Account Value Status Notice Date ARB Status Shared CAD No Noticed 4/19/2006 Not Certified No Value Status Information Exemption Type Districts Jurisdictions 2005 Rate 2006 Rate Total 020 LA PORTE ISD 1.73350 040 HARRIS COUNTY 0.39986 041 HARRIS CO FLOOD CNTRl 0.03322 042 PORT OF HOUSTON AUTHY 0.01474 043 HARRIS CO HOSP DIST 0.19216 044 HARRIS CO EDUC DEPT 0.00629 047 SAN JACINTO COM COl D 0.14536 071 CITY OF LAPORTE 0.71000 Exemptions and Jurisdictions 2005 Value 2006 Value Market Appraised Market Appraised Land Land 770 Improvement Improvement 0 Total 770 770 Total 770 770 Valuations Building Vacant (No Building Data) http://www .hcad.org/records/Print.asp?taxyear=2006&acct=02415600000 17 &card= 1 &bld... 4/17/2006 I 6 9 ~ B ~ 7-9Q4~ _ ~ 6_____~ 5.ll84 _ _l'!. 4_ _ _ _ _ ~ 3_ _ _ _ _ ~ 2 12~ ~ 1 -0021 ~ <l _'~ _ _ ~ \!. -QOJlt _ !l 18 126 ~ .p0\~6-0042 ~ () ~ 't <'(' ~ N w ;:> Z W > <I; 32 \~032 ~ 31-O\liI,4 ~ ~~Q.O~9_ _ !l 29 125 ~ g~0_0~7- _ !l 27 125 ~ 26-O~ ~ 25-09.0S5 ~ ?4.-QO~3_ _ ~ 23 126 ~ n-RRit- _ !l 21~q~ ~ -Q.----~ ..-l ..-l o ~ ~ <I; U 16 126 B 126 ~ ~f}~OQQ9- - ~ Z ~IO ,9,88 ~ g;; ~IIJ)049 ~ < ~2 _ - - ~ E- ~13 126 - ~14 '23 ~l<- 126 ~ -J M_'-U052 - - ~ ~16 125 ~ X~!.7_____~ .- ~ ~l_B.:091] _ _ ~ c.~ o ~19 '#l 'J~...I: Z ------- 20 , :of tP'J,cj..G d ' Scale 1" "" 200' PUBLICATION DATE: October 06, 1999 N w s FACET 6254D PD5D Recommendation to Fiscal Affairs Committee HCAD Account # 080-026-000-0383 Resale P050 Adjudged Value $6,188.68 $7,800 Taxes + Costs Offer Name: Bid Amount: Gene Barton $2,500.00 Recommendation: Approve Reason: X IBid is not sufficient to cover the costs associated' the judgment nor equal to the adjudged value. Reject Reason: Reviewed By: Kathy Powell At any time any jurisdiction that was party to the original tax suit can sell the property being held in trust for the lesser of: the taxes + costs or the adjudged value set out in the tax suit. 4/18/2006 SUMMARY OF FORECLOSURE ACTIVITY HCAD ACCOUNT NO: CAUSE NO: PLAINTIFF(S): JUDGMENT AGAINST: JUDGMENT DATE: ORDER OF SALE: DEED RECORDED DATE: CONSTABLE: PROPERTY ADDRESS: LEGAL DESCRIPTION: 080-026-000-0383 Property Struck off for: 1999-18236 City of La Porte & La Porte Independent School District Rafeal Reyes June 14, 1999 STRUCK OFF DATE: October 5,1999 August 26, 1999 November 11, 1999 STRUCK OFF TO: City of La Porte Bill Bailey, Constable Precint No 8 Easy Street Lot 383 Block 10 Battleground Estates Sec 2 ADJUDGED VALUE (IN JUDGMENT): SQUARE FOOTAGE: $ 7,800.00 12,595 SUMMARY OF SALE ACTIVITY BIDDER: Gene Barton AMOUNT OF BID: AMOUNT OF DEPOSIT: AMOUNT DUE: $2,500.00 $250.00 $2,250.00 BIDDER'S ADDRESS: 605 Yorkshire Court Deer Park, TX 77536 BIDDER'S PHONE NO: 281-798-8093 PRORATED PERCENTAGED OF TAXES DUE TO EACH JURISDICTION BASED UPON JUDGMENT COUNTY, ET JUDGMENT TO AL. % SCHOOL % CITY % TOTAL AMOUNT DUE $414.77 7.58% $3,115.67 56.93% $1,942.24 35.49% $5,472.68 ASSOCIATED COSTS ON ORIGINAL AND SEALED BID SALES CONSTABLE! ESTIMATED AMOUNT AMOUNT OF COURT PUBLICATION FEE AD LITEM RESEARCH FEE & TO BE PRORATED TO BID COST (TISD) FEE DEED RECORDING FEE TAXES $2,500.00 $291.00 $175.00 $0.00 $250.00 $1,784.00 PRORATED TAX AMOUNTS TO EACH JURISDICTION OWED TO COUNTY % SCHOOL % CITY % TOTAL PRORATED AMOUNT $135.21 7.58% $1,015.66 56.93% $633.14 35.49% $1,784.00 Amount of Bid: Costs: -District Clerk -Tax Master -Constable Fee -Publication -Abstract Fee -Cost -Ad Litem Fee Taxing Jurisdictions: City of La Porte La Porte ISO Harris County San Jacinto CCD State of Texas Costs + Taxes $6,188.68 Adjudged Value $ 7,800.00 Total: $2,500.00 $241.00 $50.00 Mike Landrum $0.00 $175.00 $250.00 $0.00 $0.00 $1,784.00 Amount in Judgment: $1,942.24 $3,115.67 $354.84 $59.93 $0.00 $5,472.68 % 35.49% 56.93% 6.48% 1.10% 0.00% 100.00% Amount Received $633.14 $1,015.66 $115.67 $19.54 $0.00 $1,784.00 P050 Print Details Page 1 of 1 HARRIS COUNTY APPRAISAL DISTRICT REAL PROPERTY ACCOUNT INFORMATION 0800260000383 Tax Year: 2006 Owner and Property Information Owner Name & CITY OF LA PORTE ETAL Legal Description: LT 383 BLK 10 Mailing Address: CAUSE #1999-18236 BATTLEGROUND ESTATES SEC 2 PO BOX 1115 Property Address: o EASY LA PORTE TX 77572-1115 LA PORTE TX 77571 State Class Code Land Use Code Land Area Total Living Area Neighborhood Map Facet Key Map Xl -- Governmental Exempt 1000 -- Residential Vacant 12,595 SF o SF 2123 6155C 539Q Capped Account Value Status Notice Date ARB Status Shared CAD No Noticed 4/19/2006 Not Certified No Value Status Information Exemption Type Districts Jurisdictions 2005 Rate 2006 Rate Total 020 LA PORTE ISD 1.73350 040 HARRIS COUNTY 0.39986 041 HARRIS CO FLOOD CNTRL 0.03322 042 PORT OF HOUSTON AUTHY 0.01474 043 HARRIS CO HOSP DIST 0.19216 044 HARRIS CO EDUC DEPT 0.00629 047 SAN JACINTO COM COL D 0.14536 071 CITY OF LAPORTE 0.71000 Exemptions and Jurisdictions Valuations 2005 Value 2006 Value Market Appraised Market Appraised Land Land 30,131 Improvement Improvement 0 Total 10,000 10,000 Total 30,131 30,131 Building Vacant (No Building Data) http://www.hcad.org/records/Print.asp ?taxyear=2006&acct=08002600003 83 &card= 1 &bld... 4/1 7/2006 5 ./ ./ STAASHEN [ 064-222 J ./ ./ ./ ./ 1243 ./ ~<;~"'\./ I'I'\. ./ ./ ./ ./ ./ ./ ./ ./ ./ ./ ./ ./ ./ ./ 121.92 395 8q~ :il :il iHll~ il96 806 ~ _ _ ,0396_ _ g397 g 122.36 398 399 810 -0398_ _ -400 - - 401 122.94 ~O~ J;~_ ~ g4D3 ~ 123.23 0404 628 ~ ~__-MO.L_ ~4D5 s;: 123.82 406 11 Fl ill 834 ~ -0406 ./ ./ JOB ~ ,-R.'W8 409 :il ~ ,R109 410 :il d,,1l0 g~1_ Jltl _ : 0412 ~ It) 124.69 ,i13 -~4p 0 ~ In 12.9 :il4 1 ~-gn4 :il ~15 ,22i!5 ~ 0374 822 ~ -0374 39]392 :il 375 Harris County Appraisal District 394 :il 110 392 :il 376-0376 110 5i391 807 g 377 -039Q _ _ _ _ _ _ _ ~390 ~ 378.oJf7 :il no _ 0389 ~ 379-) 0 ~ _ :0388_ 110 ~ 388 ~ 380 828 ~ 110 _ _-Q38o.. _ ~ ,- ~ o 3B7819 ~ ~ _ :9~8.(i _ _ _ ]'tJ. _ _ :;:386 ~ 382J.:rj3 no ,,-, Scale 1" '" 200' PUBLICATION DATE: October 21, 1889 :;:3B5 :il 383 N w E 7\ 243 8~ l3", -<;> 7\ 21M g " 50 50,50 244 : 245 I 246 I I g -~244: I 50 I 50 s .0 '293 1292 291 , , : gr,1; : SGlI 50'SO 50 FACET 6155C o " 7\ 295: "'"" fErel ~<;>I 7\ 1 348 : I . 29 297 : 29 g Oeo: ~~ 50 50 345344: 3 10601 1 4 2 3 ,0 5 6 7 8 9 10 12 4 CITY OF LA PORTE Interoffice Memorandum TO: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller FROM: DATE: SUBJECT: April13,2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91%, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50010 4.00% 3.50% 3.00% 2.50% - 2.00% -- 1.50% 1.00% -~- ._-~ ~~... .~...~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ _<.' ~ .;.7"' ~ ~ 6~ cS~ ~-..: ~o.., rf\J ...('>.~ <,;;9' . ~<.' ~r ~ ~.'b-' \~ \~ 't-';:"'O -3;'~ I.r ~ v'" j" ,,'" ~:O' - Portfolio Yield - Benchmark At March 31 sl the City's portfolio consisted of 43% in Agency Notes, 37% in Texpoo1, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexSTAR 0 Logic 0 Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight o 12-24 Months . 1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91% (see yield curve below). Yield Curve 5.50% 4.50% , 3.50% 2.50% I 1.50% 0.50% 0 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 'be 'b'b ",\:l ~~ ~'b-<: ~'b-<: ~ ~ ~'" ~'" ~'/; ~'/; Ole ,,'b \:l\:l \:l'J, \:l~ \:le ~~ ~'b-<:-J ~~ ~~ ~'b-<: ~'b-<: In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% Par Book Market Days to Value Value Value Maturity Investment Pools 25,099,884 25,099,884 25,099,884 I Agencies 18,996,789 18,996,789 18,859,730 302 Total 44,096,673 44,096,673 43,959,614 131 1.l2 months 9.12 months 1.2 years 2 or more years Book Value 25,099,884 8,997,240 7,999,549 2,000,000 Percent 56.92% 20.40% 18.14% 4.54% Total 44,096,673 100.00% Pooled Funds Bond Funds Portfolio Yield 4.02% 4.57% Benchmark Yield. 4.79% 4.63% Total 4.29% 4.71% Investment Maturity Schedule as of March 31, 2006 Portfolio Performance for the month of March 2006 Weighted Average Maturity 3.27 months I day 3.28 months .The pooled funds benchmark is based on the average monthly yield of a 6.month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3-month Treasury. The total is based on weighted average monthly benchmark yields. General Enterprise Internal Service Budget 329,370 54,690 88,060 Actual 249,752 20,675 64,520 Total 472,120 334,947 Yield Curve iE ~~~~ ~~~.._. t 2.50% ~._.m .... 2.00% 'm ~ - 1.50% 1.00%. "n.. 0.50% 0.00% 3mo 6rno . . ~ ---.- --... ---------------------..--- -.---..-.-........ -- - ..- .-..'.'- ---. -- .---...--....----------.---- ---- 2yr 5yr 1 yr I__Jan-06 Feb-06 __ Mar-061 Portfolio Earnings for months ended March 31, 2006 Percent 75.83% 37.80% 73.27% 70.95% WAM . Pooled Funds 10 9 8 7 6 5 4 3 2 1 Jan-06 Feb-06 Mar-06 40.00% 20.00% 0.00% Inv'5'~}'J}.Pools ~~li~ _Oec-06 _Jun-05 -+-Oec-04 I-Z yean . a. . Pooled Funds Bond Funds Total I 0 Portfolio Yield . Benchmark Yield. I 300,000 250,000 200,000 150,000 100,000 50,000 General Enterprise . Budget Internal Service . Actual % offunds invested in: Securilies & Pools Bank Oeposilory Total % of funds invested Average for March 2006 2005 95.42% 96.10% 4.58% 3.90% 100.00% 100.00% Operating Account Balance 2,117,737 1,516,973 CITY OF LA PORTE Interoffice Memorandum FROM: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller TO: DATE: SUBJECT: April13,2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91 %, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50% 4.00010 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% ~ -------- ~ ------- ~ ~ ~------- ~ -- - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~<: ~~ \~~ \~ ~~% c,"'~ 6'''': ~04' <:::J"'C: \~~ <(,,~' ~~ - Portfolio Yield - Benchmark At March 31st the City's portfolio consisted of 43% in Agency Notes, 37% in Texpoo1, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexST AR 0 Logic 0 Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight 012-24 Months .1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91% (see yield curve below). Yield Curve 5.50% 1.50% 4.50% 3.50% 2.50% 0.50% o 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% q,b q,q, ~o,r;:, _,,-,o,"v ~o,'>- ~o,b _,,-,o,q, r;:,r;:, r;:,"v ~ r;:,b ~'b-<: ~~ ~~ ~lY ~~ ~~ ~lY ~'b-<: ~'b-<: ~~ ~'b-<: In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% .----.-.... ! I I Par Book Market Days to 40.00% Value Value Value Maturity Investment Pools 25,099,884 25,099,884 25,099,884 1 Agencies 18,996,789 18,996,789 18,859,730 302 20,00% Total 44,096,673 44,096,673 43,959,614 131 0.00% 1.12 months 9.12 months 1.2 years 2 or more years Total Pooled Funds Bond Funds Total Book Value 25,099,884 8,997,240 7,999,549 2,000,000 Percent 56,92% 20.40% 18.14% 4.54% Investment Maturity Schedule as of March 31, 2006 Portfolio Performance for the month of March 2006 Weighted Average Maturity 3,27 months I day 3.28 months .The pooled funds benchmark is based on the average monthly yield of a 6.month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3.month Treasury. The total is based on weighted average monthly benchmark yields. General Enterprise Internal Service Total 44,096,673 100.00% Portfolio Yield 4.02% 4.57% Benchmark Yield. 4.79% 4.63% 4.29% 4.71% Budget 329,370 54,690 88,060 Actual 249,752 20,675 64,520 472,120 334,947 ~::f- f 400% -- 350% 300% 250% 200% . 150% 100% 050% - 000% 3mo 6ma Yield Curve -'~1-1 1 yr 2yr 5yr I__Jan-oo Feb-06 __Mar.ool Portfolio Earnings for months ended March 31, 2006 Percent 75.83% 37.80% 73.27% 70.95% WAM . Pooled Funds 10 9 8 7 6 5 4 3 2 1 Jan.06 Fob-06 Mar.06 Inv%,~}\l>, Pools All~8kW. _Dec.06 _Jun.05 --'-Dec.04 1-2 years ".-..,~" l~ Pooled Funds Bond Funds Total I [JPortfolio Yield . Benchmark Yield" I 300,000 250,000 200,000 150,000 100,000 50,000 General Enterprise Internal Service . Budget . Actual % offunds invested in: Securities & Pools Bank Depository Total % of funds invested Average for March 2006 2005 95.42% 96.10% 4.58% 3.90% 100.00% 100.00010 Operating Account Balance 2,117,737 1,516,973 CITY OF LA PORTE Interoffice Memorandum TO: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller FROM: DATE: SUBJECT: April 13, 2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91 %, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50010 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% ~ ---- ---- ~--~ .~ ..-...-.- - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~<: ~<S\ ....;~~ \~ ~~% C:>~'\{ cf'<: ~c.:..' <:l./ \'1l-~ ~~' ~~ - Portfolio Yield - Benchmark At March 31st the City's portfolio consisted of 43% in Agency Notes, 37% in Texpool, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexSTAR 0 Logic 0 Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight 012-24 Months .1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91% (see yield curve below). Yield Curve 5.50% 4.50% r 3.50% 2.50% 1.50% 0.50% 0 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 'bre 'b'b ~'b-<: ~~<: ~ ~ ~ ~ ~ ~ ~ ~ ~ ~'?i' ~'?i' ~'?i' ~'?i' ~'?i' ~'b-<: ~'b-<: ~'b-<: ~~ In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% Par Book Market Days to Value Value Value Maturity Investment Pools 25,099,884 25,099,884 25,099,884 I Agencies 18,996,789 18,996,789 18,859,730 302 Total 44,096,673 44,096,673 43,959,614 131 Investment Maturity Scbedule as of March 31, 2006 1-12 months 9-12 months 1-2 years 2 or more years Book Value 25,099,884 8,997,240 7,999,549 2,000,000 Percent 56.92% 20.40% 18.14% 4.54% Total 44,096,673 100.00% Portfolio Performance for the month of March 2006 Pooled Funds Bond Funds Portfolio Yield 4.02% 4.57% Benchmark Yield. 4.79% 4.63% Weighted Average Maturity 3.27 months 1 day Total 4.71% 3.28 months 4.29% .The pooled funds benchmark is based on the average monthly yield of a 6-month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3-month Treasury. The total is based on weighted average monthly benchmark yields. Portfolio Earnings for months ended March 31, 2006 General Enterprise Internal Service Budget 329,370 54,690 88,060 Actual 249,752 20,675 64,520 Percent 75.83% 37.80% 73.27% Total 334,947 70.95% 472,120 Yield Curve WAM . Pooled Funds !~ ~_-: !_~_-.: ~ ___ !__ - I 150% -- - 100% ---- 050% - -- --- 000% 3ma 6mo 1 yr 2yr J 10 9 8 7 B 5 4 3 2 5yr 1 Jan-06 Feb-OB Mar-OB I__Jan-06 Feb-06 -lIl-Mar-061 40.00% 20.00% 0.00% Inv,?cr.!l}'J}.POOIs ^.H.Rll~ _ Dec-06 _ Jun-05 -..- Dec-04 t -2 years .'..' Pooled Funds Bond Funds Total I [JPortfolio Yield .BenchmarkYield* I 300,000 250,000 200,000 150,000 100.000 50,000 General Enterprise Internal Service . Budget . Actual % of funds invested in: Securities & Pools Bank Depository Total % offunds invested Average for March 2006 2005 95.42% 96.10% 4.58% 3.90% 100.00% 100.00% Operating Account Balance 2,117,737 1,516,973 CITY OF LA PORTE Interoffice Memorandum FROM: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller TO: DATE: SUBJECT: April13,2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91%, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50% .--- - 4.00%----- . 3.50% 3.00010 2.500jQ - 2.00% 1.50% 1.000/0 ~" ~" ~" ~" ~" ~" ~~ ~<: ~~ \V~ \~ 'r-v% -------- - .. .... .----: ~~-~~-- ~" ~" ~" ~" ci=' ci:' ~b s~~ 0"": ~c5"" <::)~cf \~~ ~~' ~~ - Portfolio Yield - Benchmark At March 31st the City's portfolio consisted of 43% in Agency Notes, 37% in Texpoo1, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexST AR CJ Logic CJ Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight o 12-24 Months .1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91% (see yield curve below). Yield Curve 5.50% ~---- 4.50% I' 3.50% 2.50% 1.50% 0.50% 0 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 'bb 'b'b ",1:\ ~'b-<: ~'b-<: ~'b-<: ..., :'v l>. ~o, ~o, ~~ ~~ ,5'ib ,5'i'b 1:\1:\ 1:\'" I:\l>. 1:\10 ~~ ~'b-' ~'b-<: ~'b-<: ~'b-<: ~'b-<: In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% Par Book Market Days to Value Value Value Maturity Invesnnent Pools 25,099,884 25,099,884 25.099,884 1 Agencies 18,996,789 18,996,789 18,859,730 302 Total 44,096,673 44,096,673 43,959,614 131 1-12 months 9-12 months 1-2 years 2 or more years Total Pooled Funds Bond Funds Total Book Value 25,099,884 8,997,240 7,999,549 2,000,000 Percent 56.92% 20.40% 18.14% 4.54% Investment Maturity Scbedule as of March 31, 2006 Portfolio Performance for the month of March 2006 Weighted Average Maturity 3.27 months 1 day 4.71% 3.28 months 44,096,673 100.00% 'The pooled funds benchmark is based on the average monthly yield of a 6-month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3-month Treasury. The total is based on weighted average monthly benchmark yields. General Enterprise Internal Service Total Portfolio Yield 4.02% 4.57% Benchmark Yield' 4.79% 4.63% 4.29% Budget 329,370 54,690 88,060 Actual 249,752 20,675 64,520 472,120 334,947 ~~r f 400% 350% 300% --- 2 50%- - 200% -- 150% 100% - - - 050% -- - -- 000% 3mo 6mo Yield Curve --~!-1 1 yr 2yr 5yr I__Jan-De Fob-De .-Mar-Del Portfolio Earnings for months ended March 31, 2006 Percent 75.83% 37.80% 73.27% 70.95% WAM . Pooled Funds 10 9 8 7 6 5 4 3 2 1 ------==--:---1 ------ j I ----...J - ~ 40.00% 20.00% 0.00% Inv,?BrAl.Pools A.ll':lliife _Dec-06 _Jun-05 -.-Dec-04 1-2 years Pooled Funds Bond Funds Total I CPortfolio Yield _Benchmark Yield' I 300,000 250,000 200,000 150,000 100,000 50,000 General Enterprise Internal Service . Budget . Actual % of funds invested in: Securities & Pools Bank Depository Total % of funds invested Average for March 2006 2005 95.42% 96,10% 4.58% 3.90% 100.00% 100.00% Jan-06 Feb-06 Operating Account Balance 2,117,737 1,516,973 Mar-06 CITY OF LA PORTE Interoffice Memorandum TO: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller FROM: DATE: SUBJECT: April 13, 2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91%, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50% 4.00010 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% ~ ~~ - _.__ __._..__._.__.___~_ ~ ~. n_ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~<: ~~ \~<$ \~ "?-~o;; s~~ c::f><: ..;;..c~ <;)~r.J \'b-<$ <(,~ ~~ - Portfolio Yield - Benchmark At March 31st the City's portfolio consisted of 43% in Agency Notes, 37% in Texpool, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexST AR 0 Logic 0 Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight 012-24 Months .1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91% (see yield curve below). Yield Curve 5.50% 4.50% I 3.50% 2.50% 1.50% 0.50% 0 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% ~ ~ c,~ c,(1, ~ b q, ~ n ~ b "" n. ,;' ,;' \:l Cl v N \:l ~~ ~'1><: ~'1><: ~'1><: ~'1><:..., ~'1>~-1 ~'1>~-' ~'1><: ~'1><: ~'1><:" ~~ In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% Par Book Market Days to Value Value Value Maturity Investment Pools 25,099,884 25,099,884 25,099,884 I Agencies 18,996,789 18,996,789 18,859,730 302 Total 44,096,673 44,096,673 43,959,614 131 1-12 months 9-12 months 1-2 years 2 or more years Book Valne 25,099,884 8,997,240 7,999,549 2,000,000 Percent 56.92% 20.40% 18.14% 4.54% Total 44,096,673 100.00% Pooled Funds Bond Funds Portfolio Yield 4.02% 4.57% Benchmark Yield. 4.79% 4.63% Total 4.29% 4.71% Investment Maturity Schedule as of March 31, 2006 Portfolio Performance for the month of March 2006 Weighted Average Maturity 3.27 months I day 3.28 months .The pooled funds benchmark is based on the average monthly yield of a 6-month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3-month Treasury. The total is based on weighted average monthly benchmark yields. General Entelllrise Internal Service Budget 329,370 54,690 88,060 Actual 249,752 20,675 64,520 Total 472,120 334,947 Yield Curve Ilr~~~~ 3mo 6ma 1yr 2yr 5yr I...... Jan-06 Fel>-06 __Mar-061 Portfolio Earnings for months ended March 31, 2006 Percent 75.83% 37.80% 73.27% 70.95% WAM . Pooled Funds 10 9 8 7 B 5 4 3 2 1 Jan-OB Feb-OB 40.00% 20.00% 0.00% Inv'ifRi'J}.Pools ^.A~8iiJJ. _Dec-06 _Jun-05 -6-Dec-04 1-2 years .-... Pooled Funds Bond Funds Total I [J Portfolio Yield . Benchmarlc Yield. I 300.000 250,000 200,000 150,000 100.000 50,000 General Enterprise Internal Service . Budget . Actual % of funds invested in: Securities & Pools Bank Depository Total % offunds invested Average for March 2006 2005 95.42% 96.10% 4.58% 3.90% 100.00% 100.00% Operating Account Balance 2,117,737 1,516,973 Mar-OB CITY OF LA PORTE Interoffice Memorandum TO: Barry Beasley, Councilman Howard Ebow, Councilman Chuck Engelken, Councilman Tommy Moser, Councilman Louis Rigby, Councilman Debra Brooks Feazelle, City Manager Cynthia Alexander, Assistant City Manager Phyllis Rinehart, Controller FROM: DATE: SUBJECT: April 13, 2006 Quarterly Investment Report For the second quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 3.76% and 4.02%. The average return on the portfolio for the second quarter of the fiscal year was 3.91%, which is still below the average yield of our benchmark, which was 4.60% (see graph below). The current year to date interest earned for the 2006 fiscal year is $650,395, which is approximately $160,000 more than projected at this time. City vs. Benchmark 5.00% 4.50% __n 4.00% ------ 3.50% 3.00010 2.50% 2.00% 1.50% 1.00010 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~cS/ ~<: ~~ ,;~~ \~ ~v~ sq,,~ c:f'-': .;:;.o~ <:)q"cf \~~ <(.~' ~cS/ ~ ----~ ~~ - Portfolio Yield - Benchmark At March 31st the City's portfolio consisted of 43% in Agency Notes, 37% in Texpool, 15% in TexSTAR and 5% in Logic (see pie chart below). By Investment Type 43% 5% 15% . Texpool . TexST AR 0 Logic 0 Agency Notes The Fed has increased the overnight rate eight times since December 2004, and is likely to increase the rate a few more times before they are through. The current overnight rate as of March 28th is 4.75. With that said, our main focus is to continue to ladder the portfolio. At the end of the second quarter, the City's portfolio consisted of 57% of the portfolio maturing overnight (see graph below). 20% of the City's portfolio matures in one year, 18% of the City's portfolio matures in 12-24 months and 5% of the portfolio matures in over 2 years. By Investment Maturity 5% 57% . Overnight o 12-24 Months . 1-12 Months DOver 24 Months Currently, the 3-month T-Bill is at 4.63%; 2 year, at 4.73%; 5 year, at 4.72%; and, the 20-year is at 4.91 % (see yield curve below). Yield Curve 5.50% 4.50% 3.50% 2.50% 1.50% 0.50% 0 5 10 15 20 - 3 months ago - current The overnight rate is currently at 4.75%. We will continue to focus on laddering the portfolio to maintain a constant cash flow and a liquid position. 2 Year T-Note 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% q,Co q,q, 0,<;) ~'l><: ~'l><: ~~ r'v ~ ~o, ~o, ~'1i ~'1i _<,o,Co ~o,q, <;)<;) <;)'\; ~ <;)Co ~... ~'1i ~'l><: ~~ ~'l><: ~~ In summary, we will continue to invest the City's funds in conservative investments, as authorized by the Public Funds Investment Act, always keeping in mind Safety first, and then Liquidity and lastly Yield. 2 Portfolio Composition and Value as of March 31, 2006 60.00% ---------, ! ! I I I Par Book Market Days to 40.00010 Value Value Value Maturity Invesbnent Pools 25,099,884 25,099,884 25,099,884 I Agencies 18,996,789 18,996,789 18,859,730 302 20.00% Total 44,096,673 44,096,673 43,959,614 131 0.00% 1-12 months 9-12 months 1-2 years 2 or more years Book Value 25,099,884 8,997,240 7,999,549 2,000,000 Total 44,096,673 Pooled Funds Bond Funds Portfolio Yield 4.02% 4.57% Total 4.29% Percent 56.92% 20.40% 18.14% 4.54% 100.000/, Benchmark Yield' 4.79% 4.63% 4.71% Inv~~'lj,Pools AJ3~8!iW. _Oec-06 _Jun-05 -+-Oec-04 Investment Maturity Scbedule as of March 31, 2006 1-2 years .-.. Portfolio Performance for the month of March 2006 Weighted Average Maturity 3.27 months I day 3.28 months 'The pooled funds benchmark is based on the average monthly yield ofa 6-month Treasury. The bond funds benchmark yield is based on the average monthly yield of a 3-month Treasury. The total is based on weighted average monthly benchmark yields. Pooled Funds Bond Funds Total I [] Portfolio Yield . Benchmark Yield" I Portfolio Earnings for months ended March 31, 2006 Budget Actual Percent General 329,370 249,752 75.83% Enterprise 54,690 20,675 37.80% Internal Service 88,060 64,520 73.27% Total 472,120 334,947 70.95% 300,000 250,000 200,000 150,000 100,000 50.000 Yield Curve 500%1 f !~-~-- -- - - .- 150% --- - 100% -- - 050% - 000% 3mo 6rno . 1 yr I__Jarr06 '-1 2yr 5yr Feb-06 __ Mar-06 I General Enterprise Internal Service . Budget . Actual WAM . Pooled Funds 10 9 8 7 B 5 4 3 2 1 Average for March 2006 2005 95.42% 96.10% 4.58% 3.90% 100.00% 100.00% -------_._----=~ -------- u--i n_j -~ i % of funds invested in: Securities & Pools Bank Depository Total % of funds invested Operating Account Balance 2,117,737 \'516,973 Jan-OB Feb-OS Mar-DB 5 City of La Porte, Texas Quarterly Report of Credit Card Expenditures Second Quarter FY 2006 Report of Credit Card Expenditures Quarter Ending March 31, 2005 Payee Date Check Number Amount Cardholder Name/Position Amount Debra Feazelle, City Manager 1,722.10 Elan Financial Services 12/30/05 223586 1,085.81 John Joerns, Assistant City Manager 865.19 Cynthia Alexander, Assistant City Manager 1,669.04 Elan Financial Services 01/27/06 224032 957.95 Martha Gillett, City Secretary 0.00 Elan Financial Services 03/03/06 215254 2,212.57 Richard Reff, Police Chief 0.00 Total Expenditures $ 4,256.33 $ 4,256.33 NOTE: This report reflects all PA YMENTS made during the Second Quarter of FY 2006 (January, February, March 2006) City of La Porte, Texas Quarterly Report of Credit Card Expenditures Second Quarter FY 2006 Cardholder Position: City Manager Expense Payee Date Amount Type Purpose National League of Cities 12/07/05 475.00 Registration NLC Conference March 11-15,2006 Debra Feazelle - Washington, DC Check from Debra Feazelle $75.00 for spouse Paul Feazelle Gaylord Texan Resort 12/07/05 (241.72) Credit TML Annual Conference Debra Feazelle (Charged to John Joerns credit card) Southwest Airlines 12/09/05 14.50 Airfare University Relations Task Force Ticketless funds applied - $109.40 January 6, 2006 Debra Feazelle - Austin, TX Hotels.Com 12/16/05 176.26 Lodging TCMA Board Meeting Omni Bayfront Tower January 12-13, 2006 Debra Feazelle - Corpus Chrisit, TX Southwest Airlines 12/19/05 269.90 Airfare 2006 Annual Congressional City Conference December 19,2005 Debra Feazelle - Washington, DC Hotels.Com 12/31/06 (88.13) Credit TCMA Board Meeting Omni Bayfront Tower Credit for one night - January 14, 2006 Debra Feazelle - Corpus Chrisit, TX Southwest Airlines 01/16/06 124.10 Airfare University Relations Task Force Meeting Cancelled - applied to future travel January 16, 2006 Debra Feazelle - Austin, TX Nation League of Cities 01/26/06 (40.00) Credit Early Registration 2006 Annual Congressional City Conference Debra Feazelle - Washington, DC City of La Porte, Texas Quarterly Report of Credit Card Expenditures Second Quarter FY 2006 Cardholder Position: City Manager Payee Date Amount Southwest Airlines 01/31/06 209.60 The Innovation Groups 02/01106 120.00 Texas Municipal League 02/07/06 359.88 Houston Yacht Club 02/08/06 317.71 Bay Area Houston Economic 02/14/06 Partnership 25.00 Total Quarterly Charges $ 1,722.10 Expense Type Purpose Airfare Innovation Group Conference February 16-17, 2006 Debra Feazelle - Dallas, TX Registration Innovation Group Conference February 17, 2006 Debra Feazelle - Arlington, TX Membership 2006 TCMA Membership Renewal Debra Feazelle Luncheon Mentor/Protege Program January 26,2006 - (19 people attended) Debra Feazelle Luncheon Bay Area Houston Economic Partnership February 24,2006 Lunch with Senator John Cornyn Lakewood Yacht Club - Seabrook, TX Debra Feazelle NOTE: This report reflects all PA YMENTS made during the Second Quarter of FY 2006 (January, February, March 2006) Check # 223586 224032 224708 City of La Porte, Texas Quarterly Report of Credit Card Expenditures Second Quarter FY 2006 Cardholder Position: Assistant City Manager, John Joerns Payee Date Amount La Quinta Inn 11/18/05 79.35 ASCE-Reston VA 11/21/05 255.00 ICSC 12/03/05 45.00 Gaylord Texan Resort 12/07/05 241.72 Monument Inn 12/27/05 224.52 Spring Wireless Services 01/31/06 19.60 Total Quarterly Charges $ 865.19 Expense Type Lodging Membership (Renewal) Registration (Reception) Lodging Luncheon Cellular Phone Purpose TML Retail Development Summit November 18, 2005 John Joerns - Austin, TX American Society of Civil Services December 3, 2005 John Joerns International Council of Shopping Centers November 21, 200 John Joerns - Houston, TX TML Conference October 26-28, 2005 John Joerns - Grapevine, TX (Originally charged on D. Feazelle credit card first quarterly report) Employee Appreciation for holiday party December 21,2006 John Joerns, Debra Feazelle, Cynthia Alexander Nicole Hatter, Crystal Scott, Diana Burney Alice Keener, Tony Constanzo Burnie Willis, James Lenoir & Gina Ford Part for City-issued Blackberry phone John Joerns Check # 223586 224032 224708 NOTE: This report reflects all PA YMENTS made during the Second Quarter of FY 2006 (January, February, March 2006) City of La Porte, Texas Quarterly Report of Credit Card Expenditures Second Quarter FY 2006 Cardholder Position: Assistant City Manager, Cynthia Alexander Payee Date Marriott Quorum 11/19/05 Southwest Airlines 12/27/05 Fairmont Hotels 01/20/06 Continental Airlines 02/02/06 Government Finance Officers Association 02/03/06 Total Quarterly Charges Amount 216.96 251.30 430.24 425.54 345.00 $ 1,669.04 Expense Type Lodging Purpose GFOAT Fall Conference November 16-18, 2005 Cynthia Alexander - Dallas, TX Airfare 2006 GFOA Winter Standing Committee Mtg January 18-20, 2006 Cynthia Alexander - Washington, DC Lodging 2006 GFOA Winter Standing Committee Mtg January 18-20, 206 Cynthia Alexander - Washington, DC Airfare GFOA 100th Annual Conference May 4-10, 2006 Cynthia Alexander - Montreal, Canada Registration GFOA 100th Annual Conference May 4-10,2006 Cynthia Alexander - Montreal, Canada Check # 223586 224032 224708 NOTE: This report reflects all PA YMENTS made during the Second Quarter of FY 2006 (January, February, March 2006) March 31, 2006 This report is in full compliance with the credit card policy as established by the City of La Porte's Audit Committee. 6 Gillett, Martha From: Sent: 0: Subject: Alton Porter [alton.porter@btugases.com] Monday, April 17, 2006 7:37 PM Gillett, Martha Re: Fiscal Affiar Council requests of specific staff time and requests from the City Attorney's office. We need to have these requests go through the City Manager's office and should be requested by more than one council person. Normal requests should still go through the City Manager's office but requests requiring significant staff time should be a requests of interest of a significant number of councilmen. In no case should any Council Member go directly to the City Attorney's office for information as this is an issue with budget impact. <<< "Gillett, Martha" <GillettM@ci.la-porte.tx.us> 4/17 4:28p >>> You mentioned wanting to have some items added me know if you still want them on the agenda. know what you need me to do. Thanks to the Fiscal Affairs Agenda. Can you let Have you spoke with Chuck Engelken. Let me Martha A. Gillett, TRMC,CMC City Secretary/Public Information Officer City of La Porte 604 West Fairmont Parkway La Porte, Texas 77571 281-471-5020 ext. 5019 1 FISCAL AFFAIRS COMMITTEE Purpose: An audit/fiscal affairs committee is a group of individuals appointed by the legislative body. They are given responsibility for overseeing audit procurement and monitoring the selection of the independent auditor to the resolution of audit findings. The members of the fiscal affairs committee collectively posses the expertise and experience in accounting, auditing, and finance reporting required to understand and resolve issues raised by the independent audit of the financial statements. Term: Until Replaced Meeting Time: Quarterly, just prior to the second Council Meeting ofthe month in the months of April, July, October and January. Eligibility Requirements: Must be a member of City Council POSITION REPRESENTATIVE DATE APPOINTED Chairman Councilmember Chuck Engelken, District 2 1998 Committee Member Barry Beasley Barry Beasley was appointed Alternate 10/04 1/12/04 Committee Member Howard Ebow 1998 Alternate Member- Louis Rigby 10/04 Alternate Member - Tommy Moser 10/04 Staff Liaison: Director of Finance Cynthia Alexander 81