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Home My WebLink About10-04-05 Special Called Meeting of La Porte Development Corporation Board of Directors 2 MINUTES OF THE LA PORTE DEVELOPMENT CORPORATION October 4, 2005 1. Call to Order President Pat Muston called the meeting to order at 5:04 p.m. Members Present: Pat Muston, Bill Love, Mike Clausen and Ed Matuszak. Members Absent: Deborah Johnson, Chuck Engelken and Tommy Moser. Staff Present: City Secretary Martha Gillett, Assistant City Manager John Joerns, Assistant Finance Director Michael Dolby, Assistant City Manager Cynthia Alexander, Assistant City Secretary Sharon Harris, Secretary Melissa Lanclos, Public Works Director Steve Gillett and City Manager Debra Feazelle Others Present: Executive Director of Economic Alliance Port of Houston Region Jan Lawler. 2. Motion was made bv Bill Love to approve the Minutes of July 11. 2005. Second by Mike Clausen. Motion carried unanimously. Ayes: Pat Muston, Bill Love, Ed Matuszak and Mike Clausen Nays: None Abstain: None 3. Review FY 2005-2006 Adopted Budget - C. Alexander Assistant City Manager Cynthia Alexander provided an overview of the FY 2005-2006 Budget. Motion was made by Ed Matuszak to approve the FY 2005-2006 4B Annual Budget. Second by Bill Love. Motion carried unanimously. Ayes: Pat Muston, Bill Love, Ed Matuszak and Mike Clausen. 4. Overview of Economic Development Projects - J. Joerns Economic Alliance Port of Houston Region Executive Director Jan Lawler provided the 4B Development Corporation with an overview of Project Fixit. At this time, Project Fixit is still considering La Porte for its corporate headquarters. They want to meet with 4B Board and City representatives in mid November. Ms. Lawler noted she would try to schedule a meeting on November 14, 2005 at 5:00 P.M. to meet jointly with 4B and City Council. Assistant City Manager John Joerns provided an overview of the Buxton Report. Mr. Joerns informed the group this was for informational purposes only since legislation would not allow the 4B Board to spend money on this type of project 5. Administrative Reports Public Works Director Steve Gillett provided an overview on the following projects: La Porte Development Corporation -10/04/05 - Page 2 Mr. Gillett provided an overview of Bay Area Blvd., Bay Area Blvd. Trunk Sewer and Canada Road projects. A copy of the report is attached to these minutes. Ms. Alexander reported a portion of 4b money could be spent on Project Stars. 6. Board Comments Ed Matuszak and Bill Love provided comments to the board members. 7. Executive Session There was no Executive Session. 8. Considerations and Possible action on this item considered in Executive Session Due to no Executive Session, there were no items to be considered. 9. Adjournment The meeting was duly adjourned at 6:16 p.m. p.m. 10/4/2005 Respectfully submitted, ~~ ar!/M Martha A. Gillett City Secretary/La Porte Development Corporation Secretary . Ifi.! se. d ~.... appro. V. ed 0.. n this .2 iJ Ul day of '1l1 M elt ,2()(J~ -Yeti!. ~ Pat Mu ton, President PLEASE TYPE OR PRINT lEGIBLY PROVIDE AlL REQUESTED INFORMATION STATEMENT OF ELECTED/APPOINTED OFFICER (Pursuant to Tex. Canst. art. XVI, II (b), amended 2001) I, Ed Matu.o za.k . do solemnly swear (or affirm), that I have not directly or indirectly paid, offered, promised to pay, contributed, or promised to contribute any money or thing of value, or promised any public office or employment for the giving or withholding of a vote at the election at which I was elected or as a reward to secure my appointment or confirmation, whichever the case may be, so help me God. UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE READ THE FOREGOING STATEMENT AND THAT THE FAcrs STATED THEREIN ARE TRUE. 3/27/06 Date CU~~? V,[c.ePl1..u,WeJtt- La.PolL.te Veve1.opment COl1..poJta..tion. Position to Which Elected/Appointed La. PolL.te City and/or County Form No. 2201 In the name and by the authority of The State of Texas OATH OF OFFICE Ed Ma.:tlMza.k. I, . do solemnly swear (or affirm), that I will faithfully execute the duties of the office of Vic..e PlLe.-6iden}:- I a p(JJl;(:C> VEllc>fnpml?VI:t r.nJrrnJrn:tJnVl of the state of Texas, and will to the best of my ability preserve, protect, and defend the Constitution and laws of the United states and of this state, so help me God. ~~f#.~ Affiant SWORN TO and subscribed before me by affiant on this 27th MafLc..h 2006 . day of iL'Y SHARON HARRIS : Mv ComrnIIaion ExpireI ,~, September 12. 2009 .,.... ignature of Person Administering Oath SVlQ[l) Vl HdIriS Printed Name Ag;i6\a,t+ CAy ~~ ntle See Reverse Side for Instructions Revised August 1999 Form #2204 PLEASE lYPE OR PRINT lEGIBLY PROVIDE AIL REQUESTED INFORMATION STATEMENT OF ELECTED/APPOINTED OFFICER (Pursu.ant to Tex. Canst. art. XVI, 11 (b), amended 2001) I, Pat MlL6.ton . do solemnly swear (or affirm), that I have not directly or indirectly paid, offered, promised to pay, contributed, or promised to contribute any money or thing of value, or promised any public office or employment for the giving or withholding of a vote at the election at which I was elected or as a reward to secure my appointment or confirmation, whichever the case may be, so help me God. UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE READ THE FOREGOING STATEMENT AND THAT THE FAcrs STATED THEREIN ARE TRUE 3(crl!00 Date ~of~ Affiant s Signature PhQ-6.irlQV,/t - La. POI:!.tg. vg.')g.eQJ?m~14.t COfLpoJu1t,t(.'J~ Position to Which Elected/Appointed . La. PO/t.te. City and/or County Form No. 2201 In the name and by the authority of The State of Texas OATH OF OFFICE I, Pat MUJ.>to n . do solemnly swear (or affirm), that I will faithfully execute the duties of the office of P.tr..u,ide.n:t - La. PoJc.:te. Ve.ve.toy)me.n:t Co.tr..Y)o.tr..mon of the state of Texas, and will to the best of my ability preserve, protect, and defend the Constitution and laws of the United States and of this state, so help me God. f ttJfL;t: Affiant SWORN TO and subscribed before me by affiant on this 2 7th day of Man~h , 200(, .@ StWlON ..- ~bpM ~ 12.2009 ~M0W1uJ ignature of Person Administering Oath &QfO tL1:J (if( ,. 'S Printed Name A.s;~.Janf 0 3ecr#aIY Title - -- '~ - See Reverse Side for Instructions Revised August 1999 Form #2204 Memo CITY OF LA PORTE PUBLIC WORKS DEPARTMENT ~Ece,veD OCT 0 5 21J05 CITY $cCHfTAfty'S OFIIICE f ~ l,&{ To: ~ra Feazelle, City Manager From:Steve Gillett, Director of Public Works CC: John Joerns, Assistant City Manager Cynthia Alexander, Assistant City Manager Date: 10/4/2005 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 fOlWarded to Harris County. Original estimate for La Porte's share was $4,053,500. Construction of the Project is approximately 50% complete. · Bay Area Blvd. Trunk Sewer - This Project is complete. Final cost totaled $1,369,893.80. Original budget was $1,500,000. Canada Road - 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 approximately 90% complete, with a projected completion date of November 1, 2005. If you have any questions, please advise. . Page 1 D-~~ 'fo VYU~UAJ~ ('9-- l c) -S 3 The Bylaws of the City. of La Porte Development Corporation require the appointment of a president and vice-president. Specifically, the bylaws read: Number, Qualifications and Tenure of Directors 3.02. The Board of Directors shall consist of seven members appointed by the City Council of the City of La Porte, Texas, for staggered two year terms of office. Not less than three (3) directors shall be persons who are not employees, officers or members of the governing body of the City of La Porte, Texas. Each director must reside within the City of La Porte, Texas. The Board of Directors shall appoint a President and Vice-President by October 1 of each year. The President shall be the presiding officer for meetings and the Vice-President shall act in the President's absence. Duties of President 3.10. The president shall be the chief executive officer of the Corporation. The president shall supervise and control aU of the business and affairs of the Corporation. When the execution of any contract or instrument shall have been authorized by the Board of Directors, the president shall execute same except where such power is expressly delegated to another officer of the Corporation. The president shall perform other duties prescribed by the Board of Directors and all duties incident to the office of president. Election Results: President Vice-president 5 CITY OF LA PORTE, TEXAS Combining Balance Sheet Nonmajor Governmental Funds September 30, 2005 Special Revenue Funds Hotel/Motel Tax Increment Section 4B Community Occupancy Reinvestment Capital Grant Sales Tax Investment Tax Zone One (TIRZ) Totals Projects ASSETS Cash and cash equivalents $ 13,887 $ 1,319,979 $ 35,479 $ 339,132 $ 64,953 $ 1,773,430 $ 409,441 Investments 9,545 1,708,419 45,946 439,183 85,097 2,288,190 530,234 Due from others Taxes receiva ble Grant receivable 4,716 Other receivables 354,590 186,540 541,130 Accrued interest receivable 65 11,567 311 2,974 576 15,493 3,590 Total assets 378,087 3,226,505 81,736 781,289 150,626 4,618,243 947,981 LIABILITIES AND FUND BALANCES liabilities: Accounts payable 545 198 1,195 17 1,955 258,601 Accrued salaries payable 1,217 1,217 Retainage payable 3,190 Due to others Unearned Revenue 2,642 2,642 Total liabilities 3,187 198 2,412 17 5,814 261,791 Fund Balances: Reserved for: Municipal Court Building Security 91,088 91,088 Municipal Court Technology Fee 60,591 60,591 Park Zone 144,625 144,625 Confiscated funds 60,491 60,491 Debt Service Unreserved 18,105 3,226,505 81,538 778,877 150,609 4,255,634 686,190 Total fund balances 374,900 3,226,505 81,538 778,877 150,609 4,612,429 686,190 T otalliabilities and fund balances $ 378,087 $ 3,226,505 $ 81,736 $ 781,289 $ 150,626 $ 4,618,243 $ 947,981 78 Capital Projects Funds Transportation 1998 General 2000 Certificate 2000 General 2002 General 2005 Certificate Total Nonmajor & Other Obligation of Obligation Obligation Obligation of Obligation Debt Governmental Infrastructure Bonds Bonds Bonds Bonds Bonds Totals Service Funds $ 465,008 $ 514,752 $ 11,272 $ 581,616 $ 1,000,578 $ 1,753,310 $ 4,735,977 $ 762,226 $ 7,271,633 602,195 666,614 14,598 650,921 502,999 2,967,561 953,802 6,209,553 2,152 2,152 2,152 114,746 114,746 4,716 4,716 541,130 4,077 4,514 4,407 3,406 19,994 6,557 42,044 1,071,280 1,185,880 25,870 1,236,944 1,506,983 1,755,462 7,730,400 1,837,331 14,185,974 6,280 25,720 25,714 105,344 (5,290) 416,369 12,728 431,052 1,217 37,138 40,328 40,328 5,226 5,226 114,746 117,388 6,280 25,720 25,714 142,482 (5,290) 456,697 132,700 595,211 91,088 60,591 144,625 60,491 1,704,631 1,704,631 1,071,280 1,179,600 150 1,211,230 1,364,501 1,760,752 7,273,703 11,529,337 1,071,280 1,179,600 150 1,211,230 1,364,501 1,760,752 7,273,703 1,704,631 13,590,763 $ 1,071,280 $ 1,185,880 $ 25,870 $ 1,236,944 $ 1,506,983 $ 1,755,462 $ 7,730,400 $1,837,331 $ 14,185,974 79 CITY OF LA PORTE, TEXAS Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For The Year Ended September 30, 2005 Special Revenue Funds HotellMotel Tax Increment Section 48 Community Occupancy Reinvestment Capital Grant Sales Tax Investment Tax Zone One (TIRZ) Totals Projects REVENUES Property taxes $ $ $ $ $ 36,865 $ 36,865 $ Donations 30,000 Intergovernmental 980,087 70,626 1,050,713 50,034 Sales taxes 1,058,708 1,058,708 Other taxes 243,179 243,179 Interest 166 61,111 2,267 17,252 3,212 84,008 23,691 Miscellaneous 144,984 1,490 146,474 Total revenues 1,125,237 1,119,819 72,893 261,921 40,077 2,619,947 103,725 EXPENDITURES Current: Administration 983,838 75,391 172,418 23,262 1,254,909 Capital Outlay 458,627 1 ,440 460,067 700,070 Debt Service: Principal Interest Interest and fiscal charges Total expenditures 983,838 458,627 75,391 173,858 23,262 1,714,976 700,070 Excess (deficiency) of revenues over expenditures 141,399 661,192 (2,498) 88,063 16,815 904,971 (596,345) OTHER FINANCING SOURCES (USES) Proceeds from sale of long-term debt Transfers in 231,735 1,000 232,735 1,222,726 Transfers out (280,050) (95,750) (375,800) (775,911) Total other financing sources (uses) 231,735 (280,050) (94,750) (143,065) 446,815 Net change in fund balances 373,134 381,142 (2,498) (6,687) 16,815 761,906 (149,530) Fund balances-beginning 1,766 2,845,363 84,036 785,564 133,794 3,850,523 835,720 Fund balances-€nding $ 374,900 $ 3,226,505 $ 81,538 $ 778,877 $ 150,609 $ 4,612,429 $ 686,190 80 Capital Projects Funds Transportation 1998 General 2000 Certificate 2000 General 2002 General 2005 Certificate Total Nonmajor & Other Obligation of Obligation Obligation Obligation of Obligation Debt Governmental Infrastructure Bonds Bonds Bonds Bonds Bonds Totals Service Funds $ $ $ $ $ $ $ $ 1,641,195 $ 1,678,060 30,000 30,000 50,034 1,100,747 1,058,708 740 243,919 19,267 27,635 156 28,125 41,173 2,660 142,707 53,475 280,190 146,474 19,267 27,635 156 28,125 41,173 2,660 222,741 1,695,410 4,538,098 1,254,909 335,704 40,851 978,966 2,055,591 2,515,658 1,330,000 1,330,000 841 ;762 841,762 44,318 44,318 44,318 335,704 40,851 978,966 44,318 2,099,909 2,171,762 5,986,647 19,267 (308,069) 156 (12;726) (937,793) (41,658) (1,877,168) (476,352) (1,448,549) 1,802,410 1,802,410 1,802,410 300,000 475,911 1,998,637 596,486 2,827,858 (316,436) (1,092,347) (1,468,147) 300,000 (316,436) 475,911 1,802,410 2;708,700 596,486 3,162,121 319,267 (308,069) (316,280) (12;726) (461,882) 1,760;752 831,532 120,134 1,713,572 752,013 1,487,669 316,430 1,223,956 1,826,383 6,442,171 1,584,497 11,877,191 $ 1,071,280 $ 1,179,600 $ 150 $ 1,211,230 $ 1,364,501 $ 1,760,752 $ 7,273,703 $ 1,704,631 $ 13,590,763 81 CITY OF LA PORTE, TEXAS Section 4B Sales Tax Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances Budget and Actual For The Year Ended September 30,2005 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) REVENUES Sales taxes $ 965,000 $ 965,000 $ 1,058,708 $ 93,708 Interest 41,069 41,069 61,111 20,042 Total revenues 1,006,069 1,006,069 1,119,819 113,750 EXPENDITURES Current: Capital Outlay 458,627 (458,627) Total expenditures 458,627 (458,627) Excess (deficiency) of revenues over expenditures 1,006,069 1,006,069 661,192 (344,877) OTHER FINANCING SOURCES (USES) Transfers in Transfers out (280,050) (280,050) (280,050) Total other financing sources (uses) (280,050) (280,050) (280,050) Net change in fund balances 726,019 726,019 381,142 (344,877) Fund balances-beginning 2,845,363 2,845,363 2,845,363 Fund balances-ending $ 3,571,382 $ 3,571,382 $ 3,226,505 $ (344,877) 85 LA PORTE DEVELOPMENT CORPORATION BOARD 4 B Corporation Purpose: The corporation is organized under, and shall be governed by, the Development Corporation Act of 1979, Article 5190.6, Section 4B, Vernons Annotated Texas Civil Statutes, as amended (the "Act"), and may issue bonds on behalf of the Unit for the specific public purpose to undertake projects as described in Section 4b of Article 5190.6, including but not limited to projects for the promotion of amateur athletics and sports including ball parks, auditoriums, projects related to entertainment, convention, tourist, and exhibition facilities, amphitheaters, concert halls, and public parks, park facilities and events, open space improvements, learning centers, municipal buildings, museums and related stores, restaurant, concession, and automobile parking facilities, related area transportation facilities, and related roads, streets, and water and sewer facilities, recycling facilities and projects to promote new or expanded business enterprises including public safety facilities, streets and roads, drainage, and related improvements, demolition of existing structures, and general improvements that are municipally owned, development and expansion of affordable housing, as well as any other improvements or facilities that are related to any of the above projects and any other project that the board determines will promote new or expanded business enterprises, and the maintenance and operations expenses for any of the above described projects. Term: 2 year term Meeting Time: Quarterly - just prior to the 2nd City Council Meetings in March, June, September and December Members: Term Expires: Chuck Engelken Ii Mike Clausen ./ Tommy Mq$er./ Bill Love of Ed Matuszak, Vice President V Pat Muston, President (' Deborah Johnson 8/31/2007 8/31/2006 8/31/2007 8/3112006 8/31/2007 8/31/2006 8/31/2007 Staff Liaison: Assistant City Manager Cynthia Alexander Secretary of Corporation, Martha A. Gillett, TRMC - City Secretary, City of La Porte 43