HomeMy WebLinkAbout09-02-1982 Industrial Development Corporation Board of Directors Regular Meeting• •
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AGENDA
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REGULAR MEETING OF THE LA PORTE INDUSTRIAL DEVELOPMENT BOARD
TO BE HELD SEPTEMBER 2, 1982, IN THE COUNCIL CHAMBERS OF THE
LA PORTE CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS,
BEGINNING AT 7:00 P.M.
1. MEETING CALLED TO ORDER
2. CONSIDER THE MINUTES OF THE PREVIOUS MEETING
3. OLD BUSINESS
4. NEW BUSINESS:
CONSIDER PENDING LOAN APPLICATIONS
5. ANY OTHER BUSINESS WHICH MAY COME BEFORE THIS BODY
6. ADJOURNMENT
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THE STATE OF TEXAS X
COUNTY OF HARRIS X
CITY OF LA PORTE X
NOTICE OF MEETING
Notice is hereby given that the La Porte Industrial
Development Board will meet in Regular Session at 7:00 P.M.
on the 2nd day of September, 1982, in the Council Chambers of
the City Hall, 604 West Fairmont Parkway, La Porte, Texas. A
copy of the agenda for said meeting showing the subjects of
such meeting is attached hereto.
I hereby certify that T posted this notice on the bulletin
board located at a place convenient to the public in the City
Hall of the City of La Porte, at 5:00 P.M. on the 26th day of
August, 1982, and that such notice was posted for at least the
three days preceding the day of the meeting, that this notice
was posted before the meeting was convened, or called to order,
and that such meeting was called because of an emergency of
urgent public necessity.
Witness my hand and the Seal of the City of La Porte, Texas,
this the 26th day of August, 1982.
CITY OF LA PORTE
G~~~~~
t T. Waters
City Secretary
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AGENDA
REGULAR MEETING OF THE LA PORTE INDUSTRIAL DEVELOPMENT BOARD
TO BE HELD SEPTEMBER 2, 1982, IN THE COUNCIL CHAMBERS OF THE
LA PORTE CITY HALL, 604 WEST FAIRMONT PARKWAY, LA PORTE, TEXAS,
BEGINNING AT 7:00 P.M.
1. MEETING CALLED TO ORDER
2. CONSIDER THE MINUTES OF THE PREVIOUS MEETING
3. OLD BUSINESS '`
--°--_
4 . NEW BUSINESS : ~ ----" ~''
CONSIDER PENDING LOAN APPLICATIONS
5. ANY OTHER BUSINESS WHICH MAY COME BEFORE THIS BODY
6. ADJOURNMENT
~ ~.
MINUTES OF SPECIAL MEETING
OF THE
BOARD OF DIRECTORS
OF THE
CITY OF LA PORTE INDUSTRIAL DEVELOPMENT CORPORATION
The Board of Directors of the City of La Porte Industrial
Development Corporation convened in special meeting at 7:00
P.M. on the 17th day of August, 1982, at La Porte, Texas, said
meeting having been duly called. Present at the meeting were
the following members of the Board of Directors:
VIRGINIA CLINE
W. R. SPRINGALL
LOIS COMPTON
DIANA S. DEARING
DOUGLAS F. LATIMER, JR.
with J. H. LONGNECRER and JOHN C. LONGLEY absent, thus constitut-
ing a majority and a quorum of the Board of Directors.
Upon motion duly made, seconded and carried by unanimous vote,
the Minutes of the Special Meeting of the Board of Directors
of August 10, 1982, were approved as presented.
Upon motion duly made, seconded and carried by unanimous .vote,
the Board established the following practices and procedures
for the processing of applications for financing:
(1) The form of Application for Financing, which
was approved by the Board at the previous
meeting, shall be accompanied by a Letter of
Intent from the applicant's lender, evidencing
the lender's intent to finance the bonds in
question.
(2) The application shall be completed, and accom-
panied by the applicable application fee,
before it will be considered.
___ -
--- __~ -
(3) Completed applications shall be copied and
furnished to each member of the Board for
inspection at least seven (7) days prior
to the meeting at which it will be con-
sidered.
(4) The applicant shall have fifteen (15)
minutes for a presentation of its appli-
cation before the Board. Only one appli-
cant may speak at a time. Following the
presentation, the Board will meet privately
with the applicants, if such a meeting is
deemed necessary by the Board.
(5) Although advised by legal counsel that the
open meetings law does not apply to the
City of La Porte Industrial Development
Corporation, the Board determined to volun-
tarily comply with the open meetings law,
and directed that notice of its meetings be
posted, that the newspapers be informed of
the meeting, and that all portions of the
meeting shall be open to the public, except
the portions of the meeting, (a) where the
Board questions the applicant, and (b)
where the Board has a discussion of the
final action to be taken on the application.
Upon motion duly made, seconded and carried by unanimous vote,
the Board established the first Thursday of each month at
7:OO P.M., at La Porte City Hall, as the regular date, time,
and place for its Board meetings. A second monthly meeting
may be called, if deemed necessary by the Board to handle
pending applications. The standard agenda for each meeting
shall be as follows:
(1) Approve minutes of prior meeting;
(2) Old business;
(3) New business: Consider pending loan
applications;
(4) Any other business which may come before
the meeting;
(5) Adjourn.
-2-
'. •
Ms. Cline reported to the Board on a seminar which she attended
in Austin the previous week, on revitalization of downtown areas,
and the Board extensively discussed the revitalization of the
Main Street area in La Porte. No action was taken.
There being no further business to come before the Board, the
meeting was, upon motion duly made, duly adjourned.
Secretary
APPROVED:
President
-3-
•. •
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N° 3315
~~ INVOICE - - - - -
City of La Porte
PHONE 1713) 471.5020 • P. O. BoX 1115 • {_q Pp RTE. TEXAS 77571
8/25/82
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City of La Porte
Industrial Development Corp.
P. 0. BOX 1115
La Porte, Texas 77571 -
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Date DESCRI PTION AMOUNT
/7/82 Legal fees paid to Knox Askins
Express Mail Fee for letter to Texas Industrial Commission Austin, Tx 9 95
Cashier's check payable to Secretary of State re: Industrial Dev. Corp. 35 00
Conference/Dan Lyons revision to IDB and letter to Tex. Inc. Comm. Certificate 332 50
Revision to I.D.B. papers, preparing notices and letter 3.60 hours @$95.00 hr
Total
$377
45
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MINUTES OF 5PECIAL MEETING
OF THE
BOARD OF DIRECTORS
OF THE
CITY OF LA PORTS Itll)USTRIAL DEVELOPMENT CORPORATION
The Board of Directors of the City of La Porte Industrial
Development Corporation convened in special meeting at 7:00
P.M. on the 17th day of August, 1982, at La Porte, Texas, said
meeting having been duly called. Present at the meeting were
the following members of the Board of Directors:
VIRGItJIA CLINE
W. R. SPRINGALL
LOI5 COMPTON
DIANA S. DEARING
DOUGLAS F. LATIMER, JR.
with J. H. LONGNEC~ER and JOHN C. LONGLEY absent, thus constitut-
ing a major--ity and a quorum of the Board of Directors.
Upon motion duly made, seconded and carried by unanimous vote,
the Minutes of the Special Meeting of the Board of Directors
of August 10, 1982, were approved as presented.
Upon motion duly made, seconded and carried by unanimous vote,
the Board established the following practices and procedures
far the processing of applications for financing:
(1) The form of Application for Financing, which
was approved by the Board at the previous
meeting, shall be accompanied by a Letter of
Intent from the applicant's lender, evidencing
the lender's intent to finance the bonds in
question.
(2) The application shall be completed, and accom-
panied by the applicable application fee,
before it will be considered.
~f~ ~
(3) Completed applications shall be copied and
furnished. to each member of the Board for
inspection at least seven (7) days prior
to the meeting at which it will be con-
sidered.
(4) The applicant shall have fifteen (15)
minutes for a presentation of its appli-
cation before the Board. Only one appli-
cant may speak at a time. Following the
presentation, the Board will meet privately
with the applicants, if such a meeting is
.deemed necessary by the Board.
(5) Although advised by legal counsel that the
open meetings law does not apply to the
City of La Porte Industrial Development
Corporation,'the Board determined to volun-
tarily comply with the open meetings law,
and directed that notice of its meetings be
posted, that the newspapers be informed of
the meeting, and that all portions of the
meeting shall be open to the public, except
the portions of the meeting, (a) where the
Board questions the applicant, and (b)
where the Board has a discussion of the
final action to be taken on the application.
Upon motion duly made, seconded and carried by unanimous vote,
the Board established the first Thursday of each month at
7.100 P.M., at La Porte City Ha11, as the regular date, time,
and place for its Board meetings. A second monthly meeting
may be called, if deemed necessary by the Board to handle
pending applications. The standard agenda for each meeting
shall be as follows:
(1) Approve minutes of prior meeting;
(2) Old business;
(3) New business: Consider pending loan
applications;
(4) Any other business which may come before
the meeting;
(5) Adjourn.
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