HomeMy WebLinkAbout01-24-05 Regular Meeting of La Porte Development Corporation
MINUTES OF THE LA PORTE DEVELOPMENT CORPORATION
January 24, 2005
1. Call to Order
President Pat Muston called the meeting to order at 5:01 p.m.
Members Present: Pat Muston, Bill Love, Ed Matuszak, Tommy Moser, Chuck
Engelken, Mike Clausen
Members Absent: Deborah Johnson
Staff Present: City Secretary Martha Gillett, Assistant City Manager Cynthia
Alexander, Assistant City Manager John Joerns, Assistant Finance Director Michael
Dolby and City Manager Debra Feazelle
Others Present: Paul G. of "Project Fixit".
2. Motion was made bv Chuck Engelken to approve the Minutes of September 27. 2004
and the Minutes of January 3. 2005 as presented. Second by Ed Matuszak. Motion
carried unanimously. Councilmember Engelken motioned to make changes to include
the Economic Development Board.
Ayes: Pat Muston, Bill Love, Ed Matuszak, Tommy Moser, Chuck Engelken, Mike
Clausen, Michael Dolby
Nays: None
Abstain: None
3. Public Hearing for loan leveraging with the State of Texas Economic Development
Office for the promotion of a new business enterprise.
a. Open Public Hearing at 5:04 p.m.
b. Assistant City Manager Cynthia Alexander provided staff with a presentation of
loan leveraging for a HUB Operations for an Automotive Remanufacturing Center
to be constructed near the Intersection of Old Underwood Road and State Highway
225.
Ms. Alexander spoke briefly of loan leveraging; the loan leveraging program in
conjunction with the State of Texas and the office of the Governor of Economic
Development. The program is designed to allow communities to leverage local
funds with state funds to assist expansion, business recruitments and other business
opportunities. The program is administered by the Governor's Office; Economic
Development Corporation programs are eligible to borrow up to four to five times
the annual sales tax revenue under this program. These are low cost loans
providing capital at a floating prime rate. Future tax revenues serve as collateral
for the loan repayment. Loan proceeds must be used to pay eligible costs of the
project that is defined by the Development Corporation Act and our proposed
project meets the standard. The loan process is put into action earlier this month
following the meeting between the Governor's Staff and La Porte Development
Consortium. We are now working with the proposed applicant in submission of a
loan with the State of Texas. The applicant repays us and we repay the State. The
proposed project is "Fix It" to remanufacture automobile; this project will create
pmn!ovmpnt Fin:!! nptition will hp c'lonp within thp npxt six wppks
La Porte Development Corporation - 1/24/05 - Page 2
President Pat Muston questioned if there were specifics on the amounts. Staff has
recommended that we apply to the State for $1 million and loan that amount with a
repayment of 10 years. She questioned if the City would have the first lien. The
assets total more than $23 million. Jan Lawler of Alliance will be speaking at the
City Council Meeting regarding this subject. Ms. Alexander will forward the
specifics of the lien.
City Manager Debra Feazelle explained that the City has worked with legal in order
to not be locked into a certain amount.
c. There was no public input.
d. The Public Hearing closed at 5: 10 p.m.
4. Consider approval of a Resolution # 2005-4B01 - A RESOLUTION OF THE BOARD
OF DIRECTORS OF THE LA PORTE DEVELOPMENT CORPORATION;
APPROVING AND AUTHORIZING THE CERTIFICATION OF APPLICATION BY
THE LA PORTE DEVELOPMENT CORPORATION TO THE OFFICE OF THE
GOVERNOR, ECONOMIC AND TOURISM DIVISION, FOR A TEXAS
LEVERAGE FUND (TLF) LOAN TO FUND AN ELIGIBLE PROJECT UNDER
THE DEVELOPMENT CORPORATION ACT; MAKING VARIOUS FINDINGS
AND PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE
WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE
HEREOF.
Motion was made by Bill Love to approve Resolution 2005-4B01 as presented.
Second by Chuck Engelken. Motion carried unanimously.
Ayes: Pat Muston, Bill Love, Ed Matuszak, Tommy Moser, Chuck Engelken, Mike
Clausen, Michael Dolby
Nays: None
Abstain: None
5. Assistant City Manager Cynthia Alexander provided an overview of the 2005 Fiscal
Year Budget.
6. Administrative Reports
There was a status report on Canada Road and Bay Area Boulevard. The projects are
proceeding in a timely manner, under the direction of Public Works Director Steve
Gillett.
Ms. Muston spoke of job training, suggesting partnering with LPISD and San Jacinto
College. Ms. Alexander will research this area and report to the Board. Ed Matuszak
questioned if the City can annex. Mr. Joerns will report back on this topic.
7. Board Comments
Ms. Alexander stated that a marina project is not out of the question if we define it as a
park facility.
Mr. Joerns explained the application has been sent to the Corp of Engineers regarding
coastal protection.
La Porte Development Corporation - 1/24/05 - Page 3
Development funds may be used for the Main Street District.
8. Adjournment
The meeting was duly adjourned at 5:21 p.m.
Respectfully submitted,
<--1h~ 4d
Martha A. Gillett
City Secretary/La Porte Development
Corporation Secretary
PREPARED 03/22/2005, 16:08:52
PROGRAM: GM267L
CITY OF LA PORTE
DETAIL BUDGET REPORT
50% OF YEAR LAPSED
PAGE 2
ACCOUNTING PERIOD 06/2005
FUND 038 SECTION 4B SALES TAX
BA ELE OBJ ACCOUNT
SUB SUB DESCRIPTION
------------------------------------------------------------------------------------------------------------------------------------
%
DEPT/DIV 6030 ADMINISTRATION/SECTION 4B SALES TAX
*********CURRENT********** **********YEAR-TO-DATE*******
BUDGET ACTUAL %EXP BUDGET ACTUAL %EXP ENCUMBR.
ANNUAL
BUDGET
UNENCUMB .
BALANCE
560
565
------------------------------------------------------------------------------------------------------------------------------------
BDGT
20
20 15
20
ECONOMIC DEVELOPMENT
ECONOMIC DEVELOPMENT
SUPPLIES
OTHER SUPPLIES
SUPPLIES
90 OTHER FINANCING USES
90 50 CONTINGENCY
90 OTHER FINANCING USES
565
ECONOMIC DEVELOPMENT
560
ECONOMIC DEVELOPMENT
680 NON-EXPENDITURE DISBURSE
680
90 OTHER FINANCING USES
90 03 ADMN TRANS TO FUND 003
90 04 ADMN TRANS TO FUND 004
90 15 ADMN TRANS TO FUND 015
90 OTHER FINANCING USES
680
680 NON-EXPENDITURE DISBURSE
DIV 6030 TOTAL *******
SECTION 4B SALES TAX
DEPT 60 TOTAL *******
ADMINISTRATION
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PREPARED 03/22/2005, 16:08:52 DETAIL BUDGET REPORT PAGE 3
PROGRAM: GM267L 50% OF YEAR LAPSED ACCOUNTING PERIOD 06/2005
CITY OF LA PORTE
------------------------------------------------------------------------------------------------------------------------------------
FUND 038 SECTION 4B SALES TAX DEPT/DIV 9892 VARIOUS/CAPITAL IMPROVEMENT PROJ
BA ELE OBJ ACCOUNT *********CURRENT********** **********YEAR-TO-DATE******* ANNUAL UNENCUMB . %
SUB SUB DESCRIPTION BUDGET ACTUAL %EXP BUDGET ACTUAL %EXP ENCUMBR. BUDGET BALANCE BDGT
------------------------------------------------------------------------------------------------------------------------------------
880 CAPITAL IMPROVEMENT PROJ
884 BAY AREA BLVD-TRUNK SEWER
11 RESERV FOR FIN OR ADM USE
11 00 RESERV FOR FIN OR ADM USE 0 .00 0 0 .00 0 .00 0 .00 0
11 ** RESERV FOR FIN OR ADM USE 0 .00 0 0 .00 0 .00 0 .00 0
45 BIDDING/NEGOTIATION PHASE
45 41 ADDTNL SERVICES (PRIME) 0 .00 0 0 .00 0 1092.00 0 1092.00- 0
45 BIDDING/NEGOTIATION PHASE 0 .00 0 0 .00 0 1092.00 0 1092.00- 0
46 CONSTRUCTION PHASE SERVIC
46 51 ADDTNL SERVICES (PRIME) 0 .00 0 0 2325.96 0 14054.04 0 16380.00- 0
46 59 TESTING 0 .00 0 0 .00 0 .00 0 .00 0
46 CONSTRUCTION PHASE SERVIC 0 .00 0 0 2325.96 0 14054.04 0 16380.00- 0
51 CONSTRUCTION COSTS
51 00 CONSTRUCTION COSTS 0 10919.62 0 0 439002.05 0 6245.60 0 445247.65- 0
51 01 PRE-QUALIFICATION ADVERT I 0 .00 0 0 .00 0 .00 0 .00 0
51 10 CONSTRUCTION CONTRACT #1 0 .00 0 0 .00 0 .00 0 .00 0
51 CONSTRUCTION COSTS 0 10919.62 0 0 439002.05 0 6245.60 0 445247.65- 0
61 QUAL ASSUR/RES PROJ REPRE
61 01 PERSONNEL COSTS (3RD PTY) 0 1142.04 0 0 17299.42 0 37142.89 0 54442.31- 0
61 QUAL ASSUR/RES PROJ REPRE 0 1142.04 0 0 17299.42 0 37142.89 0 54442.31- 0
91 MISCELLANEOUS
91 10 CONTINGENCY, CONST. 0 .00 0 0 .00 0 50000.00 0 50000.00- 0
91 MISCELLANEOUS 0 .00 0 0 .00 0 50000.00 0 50000.00- 0
884 BAY AREA BLVD-TRUNK SEWER 0 12061.66 0 0 458627.43 0 108534.53 0 567161.96- 0
880 CAPITAL IMPROVEMENT PROJ 0 12061. 66 0 0 458627.43 0 108534.53 0 567161.96- 0
DIV 9892 TOTAL *******
CAPITAL IMPROVEMENT PROJ 0 12061.66 0 0 458627.43 108534.53 0 567161.96- 0
PREPARED 03/22/2005, 16:08:52 DETAIL BUDGET REPORT PAGE 4
PROGRAM: GM267L 50% OF YEAR LAPSED ACCOUNTING PERIOD 06/2005
CITY OF LA PORTE
------------------------------------------------------------------------------------------------------------------------------------
FUND 038 SECTION 4B SALES TAX DEPT/DIV 9898 VARIOUS/VARIOUS
BA ELE OBJ ACCOUNT *********CURRENT********** **********YEAR-TO-DATE******* ANNUAL UNENCUMB . %
SUB SUB DESCRIPTION BUDGET ACTUAL %EXP BUDGET ACTUAL %EXP ENCUMBR. BUDGET BALANCE BDGT
------------------------------------------------------------------------------------------------------------------------------------
780 CAPITAL IMPROVEMENT PROJ
787 PUBLIC LIBRARY
42 STUDY/REPORT PHASE (PRIME)
42 10 ARCHITECTUAL FEES 0 .00 0 0 .00 0 .00 0 .00 0
42 16 SURVEYING 0 .00 0 0 .00 0 .00 0 .00 0
42 17 GEOTECHNICAL 0 .00 0 0 .00 0 .00 0 .00 0
42 18 CORROSION STUDIES 0 .00 0 0 .00 0 .00 0 .00 0
42 23 SITE PREPARATION 0 .00 0 0 .00 0 .00 0 .00 0
42 24 LANDSCAPING 0 .00 0 0 .00 0 .00 0 .00 0
42 STUDY/REPORT PHASE (PRIME) 0 .00 0 0 .00 0 .00 0 .00 0
71 CONST/IMPRV/PURCH (FORCE)
71 80 CAPITAL PURCHASES (FORCE) 0 .00 0 0 .00 0 .00 0 .00 0
71 CONST/IMPRV/PURCH (FORCE) 0 .00 0 0 .00 0 .00 0 .00 0
787 PUBLIC LIBRARY 0 .00 0 0 .00 0 .00 0 .00 0
780 CAPITAL IMPROVEMENT PROJ 0 .00 0 0 .00 0 .00 .00 0
DIV 9898 TOTAL *******
VARIOUS 0 .00 0 0 .00 0 .00 0 .00 0
DEPT 98 TOTAL *******
VARIOUS 0 12061. 66 0 458627.43 0 108534.53 0 567161.96- 0
FUND 038 TOTAL *********
SECTION 4B SALES TAX 23337 12061.66 52 140022 575314.93 411 108534.53 280050 403799.46- 244
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
- 2.00%
-4.00%
-6.00%
-8.00%
Sales Tax Trends
Historical Growth - 5 Years
2001
2002
2003
2004
2005
Projected
7
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
- 2.00%
-4.00%
-6.00%
- 8.00%
Sales Tax Trends
Historical Growth - 10 Years
)
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Projected
7
SALES TAX COLLECTIONS BY FISCAL YEAR, WITH CUMULATIVE PERCENTAGES
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
TOTAL
Change
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
FY 98-99 FY 99-00 FY 2000-01 FY 2001-02
Amount Cumulativf Amount Cumulative Amount Cumulative Amount Cumulative
- 0.00% 53,865 6.31% 71,969 7.62% 80,628 8.20%
- 0.00% 68,462 14.34% 97,220 17.91% 99,532 18.32%
- 0.00% 74,981 23.13% 55,015 23.74% 75,907 26.04%
- 0.00% 37,601 27.53% 79,713 32.18% 64,606 32.61 %
- 0.00% 95,608 38.74% 94,538 42.19% 104,473 43.23%
- 0.00% 70,694 47.02% 59,644 48.50% 71,345 50.48%
- 0.00% 80,642 56.48% 72,576 56.18% 60,014 56.59%
- 0.00% 112,040 69.61 % 98,620 66.63% 104,497 67.21%
- 0.00% 56,519 76.23% 66,398 73.66% 65,130 73.83%
- 0.00% 53,133 82.46% 76,268 81.73% 62,891 80.23%
- 0.00% 86,667 92.62% 102,538 92.59% 105,048 90.91%
50,485 100.00% 62,981 100.00% 70,029 100.00% 89,399 100.00%
50,485
853,191
944,528
983,470
1590.01 %
10.71 %
4.12%
FY 2002-03 FY 2003-04 FY 2004-05 FY 2005-06
Amount Cumulative Amount Cumulative Amount Cumulative Amount Cumulativf
70,177 7.65% 69,380 7.36% 72,058 #DIV/O! - #DIV/O!
80,644 16.44% 85,592 16.43% 137,559 #DIV/O! - #DIV /O!
70,749 24.15% 66,358 23.47% 77,258 #DIV/O! - #DIV/O!
60,893 30.79% 64,039 30.26% 79,657 #DIV /O! - #DIV/O!
111,674 42.96% 99,282 40.78% 110,784 #DIV/O! - #DIV/O!
70,048 50.59% 62,134 47.37% 74,949 #DIV/O! - #DIV/O!
61,288 57.27% 59,095 53.64% - #DIV/O! - #DIV/O!
87,036 66.76% 107,656 65.05% - #DIV/O! - #DIV/O!
77,799 75.24% 85,247 74.09% - #DIV/O! - #DIV/O!
71,445 83.03% 72,799 81.81% - #DIV/O! - #DIV/O!
77,038 91.42% 98,905 92.29% - #DIV/O! - #DIV/O!
78,683 100.00% 72,694 100.00% - #DIV/O! - #DIV /O!
Change
TOTAL 917,474
2.80%
943,182
552,265
-6.71%
3/22/2005 4: 15 PM
SALES TAX COLLECTIONS FOR 4B FUND BY CALENDAR YEAR
1999 2000 2001 2002 2003 2004 2005
JAN 37,601 79,713 64,606 60,893 64,039 79,657
FEB 95,608 94,538 104,473 111,674 99,282 110,784
MAR 70,694 59,644 71,345 70,048 62,134 74,949
APR 80,642 72,576 60,014 61,288 59,095
MAY 112,040 98,620 104,497 87,036 107,656
JUN 56,519 66,398 65,130 77,799 85,247
JUL 53,133 76,268 62,891 71,445 72,799
AUG 86,667 102,538 105,048 77,038 98,905
SEP 50,485 62,981 70,029 89,399 78,683 72,694
OCT 53,865 71,969 80,628 70,177 69,380 72,058
NOV 68,462 97,220 99,532 80,644 85,592 137,559
DEC 74,981 55,015 75,907 70,749 66,358 77,258
TOTALS 247,793 880,087 976,391 948,973 917,234 1,008,727 265,390
THRU MARCH 203,903 233,894 240,424 242,615 225,456 265,390
% COLLECTED 0.00% 23.17% 23.95% 25.34% 26.45% 22.35% 100.00%
INCREASE 14.71% 2.79% 0.91% -7.07% 17.71 %
AVERAGE 20,649 73,341 81,366 79,081 76,436 84,061 88,463
3/22/20054:14 PM
CITY OF LA PORTE
PUBLIC WORKS
DEPARTMENT
Memo
To: Debra Feazelle, City Manager
From:Steve Gillett, Director of Public Works
CC: John Joerns, Assistant City Manager
Cynthia Alexander, Assistant City Manager
Date: 3/22/2005
Re: CIP Status Report - Bay Area Blvd. and Canada Road
The following is a brief status report of the projects funded by Section 4B Sales Tax.
. Bay Area Blvd. - This Project has been bid and awarded by Harris County to D&W
Contracting. Total Project cost is $6,884,468. The City's share is $3,367,735, which was
forwarded to Harris County. Original estimate for La Porte's share was $4,053,500. Harris
County is waiting to issue Notice to Proceed until all pipeline relocation, currently underway, is
completed.
· Bay Area Blvd. Trunk Sewer - This Project is complete. Final cost totaled $1,369,893.80.
Original budget was $1,500,000.
Canada Road - Pipeline relocation complete. Bid for construction awarded to Angel Brothers
in $2,263,370 for the Street and Drainage portion of the Project (4B and Harris County
Funded) and $530,243 for utilities (CLP funded). Harris County has submitted funds in the
amount of $1,751,555.00 for its portion of the Project, including engineering, pipeline and
electrical relocation and construction of street and drainage improvements. Construction is
underway, with a projected completion date of October 14, 2005.
If you have any questions, please advise.
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