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HomeMy WebLinkAbout06-09-14 Meeting of the La Porte Development Corporation Board of DirectorsRICHARD WARREN, PRESIDENT MIKE COOKSLEY, VICE PRESIDENT CHUCK ENGELKEN, BOARD MEMBER JAY MARTIN, BOARD MEMBER MIKE CLAUSEN, BOARD MEMBER RANDY WOODARD, BOARD MEMBER NANCY OJEDA, BOARD MEMBER MINUTES OF LA PORTE DEVELOPMENT CORPORATION BOARD MEETING OF JUNE 9, 2014 The City of La Porte Development Corporation Board met on June 9, 2014, at the City Hall Council Chambers, 604 West Fairmont Parkway, La Porte, Texas, at 5:00 p.m. to consider the following items of business: 1. CALL TO ORDER President Warren called the meeting to order at 5:00 p.m. The following members of the La Porte Development Corporation Board were present: Board members Martin, Clausen, Woodard, Ojeda Engelken and Vice President Cooksley. Staff Present: Corby Alexander, Patrice Fogarty, Scott Livingston, Clark Askins and Traci Leach. 2. CONSENT AGENDA (All consent agenda items are considered routine by the La Porte Development Corporation Board and will be enacted by one motion. There will be no separate discussion of these items unless a Board member requests an item be removed and considered separately.) (a) Consider approval of minutes of the meeting of La Porte Development Corporation Board held on May 12, 2014 — P. Fogarty Vice President Cooksley moved to approve the consent agenda as presented. Board member Engelken seconded. Ayes: President Warren, Vice -President Cooksley, Board members Clausen, Woodard, Ojeda, Martin and Engelken Nays: None Absent: None 3. DISCUSSION OR OTHER ACTION (a) Discussion or other action regarding Proposed Projects for Fiscal Year 2014-2015 Budget — S. Livingston Economic Development Coordinator Scott Livingston presented discussion on Proposed Projects for the Fiscal Year 2014-2015 Budget. Board member Woodard asked the difference between the Economic Alliance and Bay Area Houston Economic Partnership. Economic Development Coordinator Scott. Livingston responded they are both alike as far as what he would refer to as sub -regional Chambers of Commerce, with Bay Area Houston Economic Partnership gravitating to the south, representing quality of life and technology, assisted with the Ike Dike Project and flood insurance. The Economic Alliance gravitating to the north around the Houston Ship Channel, representing the Petrochemical and Maritime industries. Mr. Livingston added they help him develop prospects for industry and retail developers. Mr. Livingston also advised he will set dates for the Economic Alliance and Bay Area Page 1 of 3 June 9, 2014, La Porte Development Corporation Board Minutes Houston Economic Partnership to come before the Board members and City Council for a presentation before the adoption of the Fiscal Year 2014-2015 Budget. Board member Martin commented Bay Area Houston Economic Partnership worked well with the Biggert Waters Act, and he feels comfortable with supporting them. Board member Clausen commented the Economic Alliance is working hard with San Jacinto College on workforce development. EDC Livingston added Bay Area Houston Economic Partnership has a big interest in healthcare. Board member Woodard questioned $23,900 for land acquisition in 2011-2012 and if the City actually owned the land or if the land had been transferred. Assistant City Manager Traci Leach informed the Board that lots at 908 and 912 West Main were sold. Board member Woodard then questioned $35,500 for Harris County Bus Service. Assistant City Manager Traci Leach informed the Board that the first two years of the service included the City of La Porte, San Jacinto College and the City of Pasadena in a partnership for the communities. Ms. Leach advised the City of Pasadena and San Jacinto College opted out of the agreement; and for the last 12 months, the City has been providing services for the City of La Porte. Ms. Leach informed the Board that since November 2012 through October 2013, there were 7220 riders; and from November 2014 through February 2014, there were 2672 riders. Board member Woodard then questioned the routes for the bus service. Assistant City Manager Traci Leach informed there are 12-15 stops in La Porte; a Social Service bus that goes to the Social Security Office in Pasadena and the Strawberry Clinic; and a bus that goes to the Transit Center in Baytown. Ms. Leach advised that as of November 2012 through October 2013, there were 4168 riders here in La Porte, and 3052 for the Social Service bus. Board member Woodard commented none of the bus service should be paid out of the Economic Development budget. Returning to the subject of the budget, Economic Development Coordinator Scott Livingston advised that the Debt Service will be increased to pay the debt a lot faster. Finance Director Michael Dolby added the principal will be moved up in the payment schedule to reduce the interest; and, eventually, the debt will go down when the interest rates are better. Mr. Dolby also added he estimates about $10 million has been allocated to the La Porte Development Corporation Board for issues such as the library and the work done on Bay Area Blvd. Board member Woodard asked if the City of La Porte can allocate debt services to the La Porte Development Corporation. Board funds for the payment on outstanding indebtedness when the Board does not have any outstanding bonds. Mr. Dolby responded the La Porte Development Corporation Board cannot and is not ready to issue debt on its own due to the length of operation, and the City Council has designated the Board to pay the debt due to it being a budget issue. 4. SET DATE FOR NEXT MEETING — S. Livingston Board members set the next meeting date for Monday, July 14, 2014, at 5:00 p.m. 5. STAFF REPORTS (a) Receive Financial Report — M. Dolby Finance Director Michael Dolby provided a report. (b) Receive report on the recent ICSC (International Council of Shopping Centers) Show held in Las Vegas — S. Livingston Economic Development Coordinator Scott Livingston provided a report. More time will be spent on this discussion at the next meeting. Page 2 of 3 June 9, 2014, La Porte Development Corporation Board Minutes 6. BOARD MEMBER COMMENTS regarding matters appearing on agenda; recognition of community members, city employees, and upcoming events; inquiry of staff regarding specific factual information or existing policies. President Warren thanked everyone for attending the meeting. 7. EXECUTIVE SESSION — The La Porte Development Corporation reserves the right to meet in executive session on any agenda item should the need arise and if authorized by the Texas Open Meetings Act, Title 5, Chapter 551, of the Texas Government Code. There was no executive session. 8. RECONVENE into regular session and consider action, if any, on items discussed in executive session. There was no executive session. 9. ADJOURN There being no further business the meeting adjourned at 5:48 p.m. Re ctfully submitted, r� Patrice Fogarty, City Greta Passed and approved on this 14'h day of July, 2014. Presiden Richard Warren Page 3 of 3 June 9, 2014, La Porte Development Corporation Board Minutes