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HomeMy WebLinkAbout02-28-07 Meeting of the La Porte Redevelopment Authority minutes La Porte Redevelopment Authority, City of La Porte, Texas Minutes of the Board Meeting Held February 28, 2007 1. CALL TO ORDER AND DETERMINATION OF A QUORUM The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a meeting, open to the public, on the 28th day of February 2007, and meeting was called to order at 6:31 p.m. in Council Chambers at the City Hall, 604 West Fairmont Parkway, La Porte, Texas 7751 and the roll was called of the duly appointed members of the Board, to wit: Peggy Antone Dave Turnquist Alton Porter Horace Leopard Doug Martin JJ Meza Michael Say Chester Pool Lin Pfeiffer Position I Position 2 Position 3 Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 - Chairman and all of the above were present except Director Antone, Director Martin, and Director Meza, thus constituting a quorum. Also present at the meeting were John Joerns, David Hawes, Michael Dolby, and Russell Plank. 2. CONSIDER APPROVAL OF THE MINUTES OF THE NOVEMBER 29, 2006 BOARD OF DIRECTORS MEETING Upon a motion duly made by Director Say and being seconded by Director Porter, the board unanimously approved the minutes of November 29,2006 3. REVIEW AND CONSIDER APPROVAL OF ANNUAL AUDIT FOR LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE FUND FOR FISCAL YEAR ENDING SEPTEMBER 30, 2006 Mr. Dolby reviewed the audit findings with the board. Upon a motion duly made by Director Pool and being seconded by Director Leopard, the board unanimously approved the audit report. 4. CONSIDER COLLATERAL ASSIGNMENT OF DEVELOPMENT AFREEMENT (THIS "ASSIGNMENT") MADE BY PORT CROSSING LAND, LP, A TEXAS LIMITED PARTNERSIP ("ASSIGNOR"), IN FAVOR OF LASALLE BANK NATIONAL ASSOCIATION, A NATIONAL BANK ASSOCIATION ("ASSIGNEE") Mr. Joerns and Mr. Hawes gave an overview of the Collateral Assignment Document. Upon a motion duly made by Director Say and being seconded by Director Turnquist, the board unanimously approved the collateral assignment agreement. 5. STAFF REPORT AND UPDATES Mr. Joems gave an overview of the discussed the current status of development within the zone boundaries. 6. BOARD MEMBER COMMENTS There were no board comments 7. ADJOURNMENT Upon a motion duly made by Director Porter and being seconded by Director Leopard, the board unanimously approved the motion to adjourn at 6:45 PM. SIGNED: ATTEST: TITLE: TITLE: DATE: DATE: La Porte Redevelopment Authority, City of La Porte, Texas Minutes of the Board Meeting Held May 24, 2007 1. CALL TO ORDER AND DETERMINATION OF A QUORUM The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a meeting, open to the public, on the 24th day of May 2007, and meeting was called to order at 6:38 p.m. in the La Porte Recreation and Fitness Center, 1322 South Broadway, La Porte, Texas 77571 and the roll was called of the duly appointed members of the Board, to wit: Peggy Antone Dave Turnquist Alton Porter Horace Leopard Doug Martin JJ Meza Michael Say Chester Pool Lin Pfeiffer Position 1 Position 2 Position 3 Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 - Chairman and all of the above were present except Director Antone, and Director Meza, thus constituting a quorum. Also present at the meeting were John Joerns, David Hawes, Gretchen Black, Norman Reed, and Russell Plank. 2. CONSIDER APPROVAL OF THE MINUTES OF THE FEBRUARY 28, 2007 BOARD OF DIRECTORS MEETING Upon a motion duly made by Director Say and being seconded by Director Porter, the board unanimously approved the minutes of February 28,2007 3. CONSIDER APPROVAL OR OTHER ACTION REGARDING THE PUBLIC FUNDS DEPOSITOR COLLATERAL SECURITY AGREEMENT WITH AMEGY NATIONAL BANK ASSOCIATION Mr. Hawes gave the board an overview regarding the need for Public Funds Depositor Collateral Security Agreement. Upon a motion duly made by Director Martin and being seconded by Director Pool, the board unanimously approved the Public Funds Depositor Collateral Security Agreement. 4. CONSIDER APPROVAL OR OTHER ACTION REGARDING A PROPOSAL BY HAWES HILL CALDERON LLP TO PROVIDE PROFESSIONAL SERVICES RELATED TO THE ADMINISTRATION OF THE LA PORTE REDEVELOPMENT AUTHORITY AND TAX INCREMENT REINVERSTMENT ZONE Mr. Joerns and Mr. Hawes gave an overview of the Agreement. Upon a motion duly made by Director Say and being seconded by Director Leopard, the board unanimously approved the agreement. 5. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO PAY REQUESTS ON BEHALF OF THE PORT CROSSING TIRZ PROJECT. · PAY REQUEST NUMBER ONE IN THE AMOUNT OF $6,090,116.79 · PAY REQUEST NUMBER TWO IN THE AMOUNT OF $2,892,333.90 Mr. Joerns and Mr. Hawes gave an overview of the pay requests. Upon a motion duly made by Director Porter and being seconded by Director Turnquist, the board unanimously approved the pay requests. 6. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO CHANGE ORDER NO.1 IN THE AMOUNT OF $334,707.40 TO THE ANGEL BROTHERS CONTRACT IN PORT CROSSING COMMERCE CENTER. THE CHANGE ORDER INCLUDES UPGRADES TO THE LIFT STATION, ADDING HEADWALLS IN LIEU OF RIP RAP, STORM SEWER PIPE ADJUSTMENTS, AND THE EXTENSION OF THE 12-INCH WATER MAIN Mr. Joerns and Mr. Hawes gave an overview of the change order. Upon a motion duly made by Director Leopard and being seconded by Director Martin, the board unanimously approved the change order. 7. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO EXHIBIT B TO TIRZ DEVELOPMENT AGREEMENT WITH PORT CROSSING AND AMEND DEVELOPMENT AGREEMENT TO REFLECT CHANGES Mr. Joerns and Mr. Hawes gave an overview of the amendment to the Development Agreement. Upon a motion duly made by Director Say and being seconded by Director Pool, the board unanimously approved the amendment to the Development Agreement. 8. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO PAY REQUESTS FOR THE LAKES OF F AIRMONT GREENS TIRZ PROJECT RELATED TO OFF SITE IMPROVEMENTS KNOWN AS THE SOUTH LA PORTE TRUNK SEWER PROJECT · PAY REQUEST NUMBER ONE · PAY REQUEST NUMBER TWO · PAY REQUEST NUMBER THREE · ENGINEERING AND PROFESSIONAL COSTS Mr. Joerns and Mr. Hawes gave an overview of the pay requests. Upon a motion duly made by Director Pool and being seconded by Director Turnquist, the board unanimously approved the pay requests. 9. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO AN AGREEMENT BY AND BETWEEN THE CITY OF LA PORTE, TEXAS AND THE LA PORTE REDEVELOPMENT AUTHORITY FOR THE MANAGEMENT OF THE LA PORTE PUBLIC IMPROVEMENT DISTRICT NUMBER ONE Mr. Joerns and Mr. Hawes gave an overview of the Agreement. Upon a motion duly made by Director Martin and being seconded by Director Leopard, the board unanimously approved the agreement. 10. CONSIDER APPROVAL OR OTHER ACTION WITH REGARD TO AUTHORITY INVOICES Mr. Hawes gave an overview of the invoices. Upon a motion duly made by Director Say and being seconded by Director Martin, the board unanimously approved the agreement 11. STAFF REPORT AND UPDATES Mr. Joerns introduced Gretchen Black the new Economic Development Manager. Mr. Joerns also spoke to the board with regard to the need for signalization at Wharton Weems and State Highway 146. It was recommended that the board meet the fourth Wednesday of each month. 12. BOARD MEMBER COMMENTS There were no board comments 13. ADJOURNMENT Upon a motion duly made by Director Pool and being seconded by Director Leopard, the board unanimously approved the motion to adjourn at 7:24 PM. SIGNED: ATTEST: TITLE: TITLE: DATE: DATE: 5 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21, 2007 SUBJECT: Agenda Item Materials 3. Consiqer approval or other action regarding the public funds depositor collateral security agreement with Amegy National Bank Association. LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston IX 77227-2167 713-541-0447 or FAX 713-541-9906 AMENDED AND RESTATED PUBLIC FUNDS DEPOSITOR COLLATERAL SECURITY AGREEMENT This Amended and Restated Public Funds Depositor Collateral Security Agreement (the "Agreement") is made and entered into as of the _ day of May, 2007 by and between LA PORTE REDEVELOPMENT AUTHORITY (the "Depositor") and AMEGY BANK NATIONAL ASSOCIA nON ("Bank"), and any prior Agreement between Depositor and Bank relative to the subject matter hereof is hereby terminated as of the date first written above. RECITALS Depositor, through action of its Board of Directors, has designated Bank as a depository for Depositor's funds. Funds on deposit with Bank to the credit of Depositor in excess of federal deposit insurance are required to be secured by eligible security as provided for by the Public Funds Collateral Act, V.T.C.A. Government Code Section 2257.001 et seq. (the "Public Funds Law"). Depositor and Bank understand and acknowledge that the amount of Depositor's uninsured deposits in Bank may vary substantially from time to time; that under the circumstances permitted herein, the Bank may release, add to or substitute for the securities pledged by Bank from time to time to secure such uninsured deposits of Depositor; and that it is the intent of the parties that this Agreement be renewed and extended upon and at the time of each permitted release, addition or substitution of collateral securities and thereafter remain in force and effect for the full term thereof until terminated in the manner set forth herein. In order to perfect Depositor's security interest in eligible securities pledged by Bank from time to time to secure such uninsured deposits, the Board of Directors of the Bank (the "Bank Board") has authorized the undersigned Bank officer to enter into this Agreement on behalf of Bank under the terms of which Bank will either (i) cause JPMorgan Chase Bank, N.A. (f/k/a JPMorgan Chase Bank) acting through its branch in Texas which has been designated by the Texas Comptroller as a Texas State Depository to hold the collateral assets in a custody account as bailee for the benefit of Depositor, or (ii) cause the Federal Reserve Bank to hold the collateral assets in a n:::stri~1ed secllfjtj~s account, joint safekeeping account or other similar account. as custodianlbailee for the benefit of Depositor (JPMorgan Chase Bank, N.A. or the Federal Reserve Bank, as the case may be, hereinafter called the "Custodian"). The parties entered into a Public Funds Depositor Collateral Security Agreement dated as of r 1 (the "Original Agreement") and the parties desire to amend and restate the Original Agreement as provided herein for the purpose of permitting Depositor to designate Bank as its agent in issuing written consent to Custodian with respect to substitution of Collateral and release of excess Collateral. AGREEMENT Now, therefore, in consideration of the mutual covenants in this Agreement, the parties agree as follows: 1. Grant of Security Interest. To secure the uninsured deposits maintained by Depositor with Bank from time to time, Bank hereby pledges and grants to Depositor a security interest in its Eligible Securities (as defined in the Public Funds Law) which are held, now or hereafter, by Custodian for the benefit of Depositor in accordance with the terms of this Agreement (the REV. 03-05 "Collateral"). At all times during the term of this Agreement, the Collateral shall consist solely of the following: a) general obligations of the United States of America or its agencIes or instrumentalities backed by its full faith and credit; b) direct obligations of the State of Texas or Texas State agencies and instrumentalities; c) collateralized mortgage obligations directly issued by a federal agency or instrumentality of the United States of America, the underlying security for which is guaranteed by an agency or instrumentality of the United States of America; d) other obligations, the principal and interest on which are unconditionally guaranteed or insured by, or backed by the full faith and credit of the State of Texas or the United States of America or their respective agencies and instrumentalities; e) obligations of states, agencies, counties, cities and other political subdivisions of any state rated as to investment quality by a nationally recognized investment rating firm not less than A or its equivalent; f) fixed-rate collateralized mortgage obligations that have an expected weighted average life of 10 years or less and which do not constitute a high-risk mortgage security as defined in the Public Funds Law; and g) floating-rate collateralized mortgage obligations that do not constitute a high-risk mortgage security as defined in the Public Funds Law. Bank shall cause Custodian to accept and hold the Collateral as bailee and/or custodian for Depositor to secure Bank's obligation to repay the deposits. 2. Receipts. The Collateral held by Custodian for the benefit of Depositor, as of the effective date of this Agreement, has been described on Trust Receipts (as defined in the Public Funds Law) issued by Custodian, copies of which Custodian has forwarded to Depositor, and such current Collateral is described on Exhibit "A" attached hereto and made a part hereof for all purposes. With respect to additional or substitute Collateral hereafter delivered by Bank to Custodian to hold for the benefit of Depositor, or any releases of securities previously held as Collateral ("Releases"), as contemplated by this Agreement, Bank shall cause Custodian to issue Trust Receipts or Releases describing such additional or substitute Collateral or released securities and promptly forward copies of same to Depositor. Such Trust Receipts and Releases which are furnished to Depositor by Custodian from time to time shall be deemed a part of this Agreement without further action on the part of any party hereto, and this Agreement shall apply to such released, additional or substitute Collateral to the same extent as if it were described on Exhibit "A" attached hereto. If the Custodian is the Federal Reserve Bank, such Trust Receipts or Releases will consist of a written confirmation (the "Advice"). Such Advice shall be subject to the terms and conditions of all applicable regulations, operating circulars, bulletins and policies of the Federal Reserve Bank, including the terms and conditions of any applicable forms or agreements, as may now exist or hereafter be enacted, promulgated or issued by the Federal Reserve Bank (collectively "Applicable Regulations"). Upon request of Depositor, Bank agrees to provide or cause Custodian to provide a then-current list of all Collateral pledged by Bank to secure Depositor's funds to update Exhibit "A" to this Agreement. REV. 03-05 - - - - - - - - - - - ..... - - - - 3. Required Collateral Value. Bank agrees with Depositor that the total market value of the Collateral securing uninsured deposits maintained by Depositor with Bank will at all times during the term of the Agreement be not less than one hundred ten percent (110%) of the amount of such uninsured deposits (the "Required Collateral Value"). To insure that the Required Collateral Value is maintained, Bank will redetermine, on a daily basis, the amount of Depositor's uninsured deposits (taking into account that day's deposits, accrued interest, disbursements and withdrawals) held by Bank and (using the most recently determined market value of the Collateral) promptly add any additional Collateral which may be necessary to maintain the Required Collateral Value by either (i) depositing with Custodian for the purposes of this Agreement any additional Collateral or (ii) if the Custodian is the Federal Reserve Bank, transferring additional Collateral to a restricted securities account, joint safekeeping account or other similar account maintained by the Federal Reserve Bank. Determination of the market value of Collateral will be calculated monthly or more frequently on Depositor's request; provided, however, the foregoing shall not relieve Bank of its obligation to fully collateralize at all times the Depositor's uninsured deposits with Bank. If upon such monthly determination ofthe Collateral's market value, the Required Collateral Value is not then maintained, Bank will promptly deposit with Custodian for the purposes of this Agreement additional Collateral necessary to maintain the Required Collateral Value. 4. Release of Collateral. Custodian shall not release any part of the Collateral without Depositor's written authorization, except under the circumstances described in Sections 5 (Substitution of Collateral) or 6 (Excess Collateral) of this Agreement. Depositor's authorization to Custodian to release from the Collateral only designated Eligible Securities shall terminate the security interest granted by Bank in this Agreement only with respect to such designated Eligible Securities. If the Custodian is the Federal Reserve Bank, this section shall apply except to the extent it is in conflict with the provisions of the Applicable Regulations, in which event the provisions of the Applicable Regulations shall govern the release of Collateral. 5. Substitution of Collateral. It is hereby agreed that upon obtaining the prior written consent Qfthe pepositor, whi~h consent shall not be unreasonably withheld, substitutions of the Collateral held hereunder may be made at any time so long as the fair market value of the Eligible Securities being substituted is at least equal to the fair market value of the Eligible Securities being removed. Bank shall send written request to Depositor with respect to each substitution of Collateral 15 days in advance thereof. Such written request shall contain, at a minimum, a description of the amount and type of Collateral subject to substitution and the amount and type of substituted Collateral. Bank shall be deemed as Depositor's agent and is authorized to provide written consent to Custodian on behalf of Depositor regarding the request for substitution of Collateral, provided no written objection from Depositor was received by the Bank regarding such request during the IS-day period. Upon receipt of any such written objection from Depositor, Bank shall immediately forward such written objection to Custodian. The Custodian at no time has any duty or responsibility for determining (i) the value of securities and (ii) whether the securities received for deposit qualify as Eligible Securities. If the Custodian is the Federal Reserve Bank, this section shall apply except to the extent it is in conflict with the provisions of the Applicable Regulations, in which event the provisions of the Applicable Regulations shall govern the substitution of Collateral. 6. Excess Collateral. At such times as the aggregate market value of the Collateral held by Custodian exceeds the Required Collateral Value, Depositor, upon request by Bank, shall authorize Custodian to permit Bank to release the excess portion of the Collateral. Bank shall send written request to Depositor with respect to each release of excess Collateral 15 days in advance thereof. REV. 03-05 - - Such written request shall contain, at a minimum, a description of the amount and type of excess Collateral and the amount and type of Collateral remaining after the release of excess Collateral. Bank shall be deemed as Depositor's agent and is authorized to provide written consent to Custodian on behalf of Depositor regarding the request for release of excess Collateral, provided no written objection from Depositor was received by Bank regarding such request during the IS-day period. Upon receipt of any such written objection from Depositor, Bank shall immediately forward such written objection to Custodian. Custodian shall have no further liability to Depositor with respect to those Eligible Securities released upon Depositor's authorization. The Custodian at no time has any duty or responsibility for determining that the value of Collateral is equal in value to or in excess of the Required Collateral Value. - - 7. Additional Collateral. If at any time the aggregate market value of Collateral held by Custodian is less than the Required Collateral Value, Bank shall immediately upon learning of such circumstance, and without further action by Depositor, promptly either (i) deposit with Custodian sufficient additional Eligible Securities of the type specified in Section I as may be necessary to cause the aggregate market value of the Collateral to equal the Required Collateral Value, or (ii) transfer additional Eligible Securities of the type specified in Section I to the restricted securities account, joint safekeeping account or other similar account maintained by the Federal Reserve Bank as may be necessary to cause the aggregate market value of the Collateral to equal the Required Collateral Value and cause the Federal Reserve Bank to issue a corresponding Advice (and Bank will deposit with the Federal Reserve Bank additional Eligible Securities if and to the extent necessary to fulfill its obligations under this Agreement). - - - - 8. Earnings and Payments on Collateral. Bank shall be entitled to the interest income and earnings paid on the Collateral and Custodian may dispose of such interest income and earnings as directed by Bank without approval of Depositor, so long as Depositor has not notified Custodian of Bank's default under this Agreement. Bank shall be entitled to any principal payment or prepayment of the Collateral and Custodian may dispose of such principal payment or prepayment as directed by Bank without approval of Depositor, so long as (i) the Custodian has received a written accounting from the Bank indicating that the Required Collateral Value will be maintained after deducting from the market value of the Collateral (determined no more than four (4) days prior to such payment date) the amount of such principal payment or prepayment and (ii) Depositor has not notified Custodian of Bank's default under this Agreement. Ifthe Custodian is the Federal Reserve Bank, this section shall apply except to the extent it is in conflict with the provisions of the Applicable Regulations, in which event the provisions of the Applicable Regulations shall govern the disposition of interest earnings and principal payments on the Collateral. - - - - - 9. Default and Remedies. If Bank fails at any time to pay and satisfy, when due, any check, draft, or voucher lawfully drawn against any deposit or becomes insolvent or materially breaches its contract with Depositor, a default shall exist under this Agreement and Depositor shall give written notice of such default to Bank, and Bank shall have ten (10) days to cure same. In the event Bank fails to do so, it shall be the duty of Custodian, upon written demand of Depositor, to surrender or transfer the Collateral to Depositor or Depositor's nominee and Bank hereby irrevocably authorizes Custodian to surrender or transfer the Collateral upon the conditions herein specified. Depositor may sell all or any part of such Collateral in a commercially reasonable manner and out of the proceeds of the Collateral may pay Depositor all damages and losses sustained by it, together with all expenses of any and every kind incurred by it on account of such failure or insolvency sale. Depositor shall account to Bank for the remainder, if any, of said proceeds or Collateral remaining unsold. Such sale may be either at public or private sale; provided, however, Depositor shall give Bank ten (10) days' - - - - - REV. 03-05 written notice of the time and place where such sale shall take place, and such sale shall be to the highest bidder for cash. Depositor and Bank shall have the right to bid at such sale. If the Custodian is the Federal Reserve Bank, this section shall apply except to the extent it is in conflict with the provisions of the Applicable Regulations, in which event the provisions of the Applicable Regulations shall govern the Depositor's exercise of remedies against the Collateral. 10. Authorization and Records. The Bank Board has authorized the pledge of Bank assets to collateralize uninsured deposits maintained by Depositor pursuant to resolutions substantially in the form of Annex I attached to the form of Resolution Certificate and Certificate of Incumbency attached hereto as Exhibit "B" (the "Resolution Certificate"), and has authorized the undersigned Bank officer to enter into, execute and deliver to Depositor this Agreement on behalf of Bank and to take all action which may be necessary or appropriate to create and perfect the security interest in the Collateral contemplated hereunder. Bank shall deliver to Depositor a fully executed Resolution Certificate as a condition precedent to the effectiveness of this Agreement and shall advise Depositor immediately of any revocation, amendment or modification thereof. Bank shall maintain this Agreement, its copies of all Trust Receipts, Releases and Advices, and the Resolution Certificate among its official records continuously until such time as this Agreement is terminated and all uninsured deposits of Depositor have been properly and fully paid out. This Agreement may be executed in one or more counterparts, each of which shall be an original. 11. Authorized Representative: Depositor Agreements. The Depositor hereby confirms that it has previously authorized its Investment Officer, Bookkeeper and/or Tax Assessor-Collector to execute this Agreement and any documentation required in connection therewith, including specifically pursuant to the Applicable Regulations and documentation related thereto, and to represent it and act on its behalf in any and all matters of every kind arising under this Agreement. During the term of this Agreement, the Depositor may further designate an additional officer or officers to singly or jointly represent and act on behalf of Depositor in any and all matters of every kind arising under this Agreement and, in such event, shall provide written notice thereof to Bank. In the event of any conflict between the provisions of this Agreement and any other agreement between the D~positor ami me Bank r~lating to the deposits, this Agreement will control, unless the conflict is with the Applicable Regulations, in which event the Applicable Regulations will control. Subject to the provisions of Section 5 (Substitution of Collateral) hereof, Bank and Depositor specifically agree that Depositor's prior approval is required for any par-for-par Collateral substitutions. 12. Custodian as Bailee. Custodian will promptly identify the pledge by Bank to Depositor of the Collateral on the Custodian's books and records and any additional or substitute Collateral and issue to Bank and Depositor Trust Receipts covering the Collateral. Similarly, Custodian will promptly remove from its books and records any securities released from the pledge by Bank in compliance with the terms of this Agreement and issue to Bank and Depositor appropriate Releases identifying the released securities. Custodian acknowledges that it is the bailee of Depositor for purposes of Section 2257.044 of the Public Funds Law, and its custodial capacity is deemed to be set forth on any Trust Receipt delivered to Bank and Depositor, whether such capacity is expressly so noted or not. If the Custodian is the Federal Reserve Bank, this section shall not apply, but Bank acknowledges the provisions of the Applicable Regulations which provide that the Federal Reserve Bank is acting as custodianlbailee; that the Collateral identified on the Advice is subject to the custodial provisions of the Applicable Regulations; and that the disposition thereof is subject to Depositor's approval. REV. 03-05 13. Indemnification of Custodian. (a) Bank agrees to indemnify and hold Custodian and its directors, officers, agents and employees (collectively the "Indemnitees") harmless from and against any and all claims, liabilities, losses, damages, fines, penalties, and expenses, including out-of-pocket and incidental expenses and legal fees (collectively "Losses") that may be imposed on, incurred by, or asserted against, the Indemnitees or any of them for following any instructions or other directions upon which Custodian is authorized to rely pursuant to the terms of this Agreement. (b) In addition to and not in limitation of paragraph (a) immediately above, Bank also agrees to indemnify and hold the Indemnitees and each of them harmless from and against any and all Losses that may be imposed on, incurred by, or asserted against, the Indemnitees or any of them in connection with or arising out of the Custodian's performance under this Agreement, provided the Indemnitees have not acted with gross negligence or engaged in willful misconduct. (c) The foregoing indemnifications shall survive any termination of this Agreement 14. Financial Condition. Bank will provide a statement of its financial position to the Depositor on at least a quarterly basis. Bank will provide to the Depositor an annual statement audited by its outside auditors including a statement by its outside auditors as to its "fair presentation." 15. Amendment. Modification, Renewal. Each permitted release of previously pledged Collateral and each addition to or permitted substitution for Collateral shall be deemed and considered, without further action by Bank or Depositor, as an amendment to Exhibit "A" attached hereto and a contemporaneous renewal and extension of this Agreement for the term hereinafter stated upon the same terms and containing the same provisions as set forth herein, except as the Collateral subject to this Agreement may be modified or amended thereby; provided, however, that any such renewal and extension shall not affect any transaction entered into prior to such renewal and extension until Bank shall have properly and fully paid out all uninsured deposits (including any uninsured time deposits) and Depositor shall have authorized Custodian to redeliver to Bank's sole control all Collateral then in Custodian's possession. Otherwise, this Agreement may not be amended or modified except by mutual written agreement of the parties hereto. 16. Term. Unless sooner terminated as hereinafter provided, the term of this Agreement, and any renewal or extension hereof resulting from any release, addition to or substitution of securities pledged as Collateral hereunder, shall commence on the date of this Agreement, or the date of such release, addition or substitution, and continue for a term often (10) years. 17. Termination. Either Depositor or Bank may terminate this Agreement prior to the expiration of the term hereof upon thirty (30) days' advance written notice to the other or by entering into a new Public Funds Depositor Collateral Security Agreement which is intended to supercede and replace this Agreement; provided, however, that the terms of this Agreement shall continue to apply to all transactions entered into prior to such termination and until Bank shall have properly and fully paid out all uninsured deposits (including any uninsured time deposits) and Depositor shall have authorized Custodian to redeliver to Bank's sole control all Collateral then in Custodian's possession. 18. Custodian Fees. Any and all fees associated with the Custodian's holding of Collateral for the benefit of the Depositor will be paid by Bank and the Depositor will have no liability therefore. REV. 03-05 - - - - - - - - - - - - - - 19. Notices. Any notice, request or other communication required or permitted to be given under this Agreement shall be in writing and deemed to have been properly given when delivered in person, or when sent by telecopy or other electronic means (acceptable to Custodian, if to Custodian) and affirmative confirmation of error free receipt is received, or after being sent and received by certified or registered United States mail, return receipt requested, postage prepaid: If to the Custodian: JPMORGAN CHASE BANK, N.A. Attention: Telephone: Telecopier: If to Bank: AMEGY BANK NATIONAL ASSOCIATION Attention: Telephone: Telecopier: If to Depositor: LA PORTE REDEVELOPMENT AUTHORITY c/o City of La Porte 604 West Fairmont Parkway La Porte, Texas 77571 Attn: John Joems Fax: (281) 471-2047 With a copy to: Hawes Hill Calderon LLP 2500 Tanglewilde, Suite 260 Houston, Texas 77063 Attn: David Hawes Tel: (713) 541-0447 Fax: (713) 541-9906 [signature page follows] REV. 03-05 - - In witness whereof, the parties hereto have caused this Agreement to be executed by their duly authorized representatives as ofthe day first above written. - DEPOSITOR: LA PORTE REDEVELOPMENT AUTHORITY - By: Name: Title: - BANK: - AMEGY BANK NATIONAL ASSOCIA nON - By: Name: Title: - The Custodian, if other than the Federal Reserve Bank, joins in the execution of this Agreement for purposes of Sections 8, 9 and 12, and if the Custodian is the Federal Reserve Bank, such joinder is to be evidenced as set forth in the Applicable Regulations, the Advice and any documentation related thereto. - - CUSTODIAN: - JPMORGAN CHASE BANK, N.A. - By: Name: Title: - - - - - - - REV. 03-05 EXHIB IT "A" Description of Eligible Securities Pledged (i) General obligations of the United States of America or its agencies or instrumentalities backed by its full faith and credit. (ii) Direct obligations of the State of Texas or Texas State agencies. (iii) Collateralized mortgage obligations directly issued by a federal agency or instrumentality of the United States of America; the underlying security for which is guaranteed by an agency or instrumentality of the United States of America. (iv) Other obligations, the principal and interest on which are unconditionally guaranteed or insured by the State of Texas on the United States of America or their respective agencies and instrumentalities. REV. 03-05 - - EXHIBIT "B" RESOLUTION CERTIFICATE AND CERTIFICATE OF INCUMBENCY OF AMEGY BANK NATIONAL ASSOCIATION (the "BANK") - The undersigned hereby certifies as follows: - 1. I am the officer of the Bank holding the title designated on the signature line of this Certificate. IIIllIIII: 2. Attached hereto as Annex I is a full, true and correct copy of resolutions (the "Resolutions") duly adopted by the Board of Directors of the Bank in conformity with the Articles of Association and By-laws of the Bank and in accordance with the laws of the State of Texas. - 3. The Resolutions have not been amended, modified or rescinded, and are in full force and effect on the date hereof. - 4. The Bank is duly organized and existing under the laws of the United States of America. 5. All franchise and other taxes required to maintain the Bank's existence have been paid and none of such taxes are delinquent. - 6. No proceedings are pending for the forfeiture of the Bank's authority to do business or for its dissolution, voluntarily or involuntarily. - 7. The Bank is qualified to do business in each state where the nature of its business requires such qualification. - 8. There is no provision in the Articles of Association, Bylaws or any other agreement, indenture or contract to which the Bank or its property is subject whichliIEits the ~e~()lution~:lEd the Resolutions are in conformity with the provision of the Bank's Articles of Association and By- laws and with proceedings of the Board of Directors. - 9. This resolution is made in order to comply with requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended, and 12 U.S.C. 1 823(e), and shall constitute a business record of the Bank and shall be continuously maintained in the official business records of Bank. - 10. The undersigned officers have been duly elected to the positions set opposite their respective names below and are qualified to act in the present capacities in which they sign for the Bank. - 11. The signatures appearing opposite each of the undersigned officers is his or her authentic signature and each of the undersigned holds the office designated for the same. - - - REV. 03-05 Name REV. 03-05 EXECUTED the _ day of Office ,200U. Signature Name: Title: ANNEX I RESOLUTIONS RESOL YED, that this Bank shall secure all deposits of LA PORTE REDEVELOPMENT AUTHORITY (the "Depositor") in excess of amounts insured by the Federal Deposit Insurance Corporation ("Excess Funds") on deposit with the Bank at any time in whatever amount; and further RESOL YED, in regard to the above referenced deposits, that the Chairman of the Board of Directors, President, any Executive Vice President, any Vice President, any Assistant Vice President, or any other officer of the Bank is hereby authorized and directed to execute for and on behalf of the Bank the following documents, it being further agreed that the execution of any of the same prior to the adoption of these resolutions is hereby ratified, confirmed and adopted: 1. An Amended and Restated Public Funds Depositor Collateral Security Agreement (the "Collateral Security Agreement") in favor of the Depositor, covering the Collateral described therein; 2. Such other and further documents as may be deemed necessary or desirable by such officer or as required by the Depositor in regard to the securing of the Excess Funds; and further RESOLVED, that the officers executing any of the above described documents are hereby authorized and empowered to do and perform any and all actions required by the terms and provisions of same to execute the same in the name and on behalf of the Bank, in such number of counterparts as the officer or officers executing the same shall deem necessary or desirable, with such terms, conditions, modifications, changes and provisions as the officer or officers executing the same may approve, the execution of such documents to evidence approval of the terms thereof conclusively; and further RESOL YED, that any and all instruments executed and delivered on behalf of the Bank in connection with these resolutions by any person purporting to be an officer of the Bank shall be deemed to be the act of the Bank and shaH be in all respects bind1ng agamst tlie BanR;ai1d fiiftlier- RESOLVED, that all actions of all officers, agents or other representatives ofthe Bank taken or performed up to the date hereof in respect to the preparation, execution and delivery of the documents, certificates or other instruments contemplated hereby, and the taking prior to the date hereof of any and all actions otherwise required by the terms and provisions of the above referenced documents, be, and they hereby are, in all respects approved, ratified and confirmed; and further RESOLVED, that this approval is intended to comply in all respects with the requirements of applicable statutory law relating to insurance of accounts including specifically, but without limitation, the requirements of 12 U.S.c.A. SS 1821(d)(9)(A) and 1823(e); and further RESOLVED, that any deposit agreements between Bank and Depositor and/or the Collateral Security Agreement are all intended to be, and shall be deemed to be, official records of the Bank; and further RESOL YED, that any deposit agreements between Bank and Depositor, the Collateral Security Agreement and these Resolutions shall be continuously maintained in the business records ofthe Bank. REV. 03-05 - - - - - - - - - - - - - - - - - - ADDENDUM (required) Addendum to the AMENDED AND RESTATED PUBLIC FUNDS DEPOSITOR COLLATERAL SECURITIES AGREEMENT dated May _, 2007 (the "Agreement") by and between the parties shown below. This addendum will be used to allow the authorized signor listed below to pledge or release collateral as described in and pursuant to the provisions of the Agreement. IN WITNESS WHEREOF, the parties have executed this Authorization as of the _ day of May, 2007. LA PORTE REDEVELOPMENT AUTHORITY, Depositor By: Title: AMEGY BANK NA nONAL ASSOCIA nON, Bank By: Title: Accepted: JPMORGAN CHASE BANK, N.A., Custodian By: Title: Dated: REV. 03-05 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS 4 AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21, 2007 SUBJECT: Agenda Item Materials 4. Consider approval or other action regarding a proposal by Hawes Hill Calderon LLP to provide professional services related to the administration of the La Porte Redevelopment Authority and Tax Increment Reinvestment Zone. LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 AGREEMENT BY AND BETWEEN LA PORTE REDEVELOPMENT AUTHORITY, REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, AND HAWES HILL CALDERON LLP This agreement is made by and between La Porte Redevelopment Authority and Reinvestment Zone Number One, City of La Porte," (the "Clients") and Hawes Hill Calderon LLP (the "Contractor"). WITNESSETH: WHEREAS, the Clients desire that the Contractor provide certain professional and administrative servIces; WHEREAS, the Contractor has the employees, office operations, and knowledge to ably provide the professional and administrative services required by the Clients; NOW THEREFORE, for and in consideration of the premises and mutual covenants and agreements herein contained, it is agreed as follows: I. Engagement of Contractor The Clients hereby engage the Contractor, and the Contractor hereby agrees to provide, furnish, or perform certain professional and administrative services with respect to the Zone and Public Improvement District including the services described on Exhibit A, annexed hereto. Such services herein collectively referred to as the "Services." II. Compensation and Reimbursement to Contractor . -. F0r-a.l1d-in-Gonsid~rati0n-of th~ prof~s-sional s~rvices to be performedbythe.Gentr-aet0r-speeified~ in Exhibit "A," Scope of Professional Consulting and Management Services, of this Agreement, the Client agrees to pay the Contractor a fIxed fee of TWO THOUSAND DOLLARS ($2,000.00) per month for project management services performed on behalf of the Clients and ONE THOUSAND FIVE HUNDRED DOLLARS ($1,500.00) per meeting of the Board of Directors of the La Porte Redevelopment Authority and Reinvestment Zone Number One, City of La Porte, and ~ of 1 % of the par amount of each bond series issued, if any, for services performed in connection with issuance of bonds. Reimbursable out-of-pocket expenses and other expenses and charges incurred by the Contractor in performing the Services under this Agreement shall be made on a monthly basis upon submission by the Contractor of invoices and other documentation setting forth such expenses and charges; provided, however, all expenses and charges proposed to be incurred by the Contractor for the performance of the Services shall be subject to the Clients' prior written approval. The Schedule of Maximum Charges and Rates of Hawes Hill Calderon LLP for the performance of the Services by the Contractor under this Agreement as set forth on Exhibit "B" attached hereto for reference are hereby approved by the Clients. The Clients expressly disclaim any liability for reimbursement to the Contractor of any amounts in excess of those approved in writing by the Client. I - - Contractor shall tender to the Clients a detailed invoice of the services performed and the allowable reimbursable expenses incurred to the Clients each month during the term of this Agreement. Payments on account of services rendered and for reimbursable expenses incurred shall be made within 30 days after the Clients receive Contractor's detailed invoice therefor. In the event of a disputed or contested invoice, the Clients may withhold any such disputed or contested amount without penalty. - - m. Administrative Policies and Procedures - The Contractor shall conduct the administrative activities of the Clients in accordance with the instructions and guidance of the Clients. - IV. Accounts, Records, Accounting Reports and Audits - The Contractor shall maintain the books of records and accounts of the Clients in order to establish the amount due by the Clients to the Contractor in accordance with this Agreement. All such records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible. The Contractor shall provide free access to the Clients and allow for inspection and audit of all work, data, documents, proceedings, and activities related to this Agreement. Such right of access and audit shall continue for a period three (3) years from the date of termination of this Agreement. - - V. Compliance With Applicable Laws Concerning Redevelopment Authorities, Local Government Corporations, Tax Increment Reinvestment Zones and Public Improvement Districts - The Contractor, in performance of its duties under this Agreement for the Clients, will comply with all applicable provisions of Texas law and municipal ordinances concerning redevelopment authorities, local government corporations, tax increment reinvestment zones and public improvement distnGts under whicll these entities are created. - - VI. Right of Ownership - All data, information, maps, books, reports, files, photography, artwork, software, equipment, and materials purchased, created or maintained by the Clients or purchased, created or maintained by the Contractor on behalf of the Clients shall remain the property of the Clients. It shall be clearly marked as property of the Clients in such manner that it may at any time be removed from the premises of the Contractor. - VIT. Laws to be Observed In performing its obligations under this Agreement, the Contractor at all times shall observe and comply with all federal and state laws, local laws, ordinances, orders, and regulations of the federal, state, county, or city governments. The federal, state, and local laws, ordinances, and regulations which affect those engaged or employed in the work, or the equipment used in the work, or which in any way affects the conduct of the work, shall be at all times in effect, and no pleas of misunderstanding will be considered on account of ignorance thereof. - 2 - vrn. Successors and Assigns This Agreement shall bind and benefit the respective parties and their legal successors, and shall not be assignable, in whole or in part, by any party hereto without first obtaining the written consent of the other party. Nothing herein shall be construed as creating any personal liability on the part of any officer or director of the Authority or the Zone. IX. Character of Workers and Work Services provided for under this Agreement are being performed for the public benefit. The employees provided by the Contractor shall be competent and careful workers skilled in their respective trades. In performing its obligations under this Agreement, the Contractor shall not employ any person who engages in misconduct or is incompetent or negligent in the performance of his or her duties. The Clients retain the right to require the Contractor to remove from the performance of services provided for under this Agreement any employee who engages in (1) unethical or unprofessional conduct, (2) misconduct or other discourtesies toward the public, (3) conduct inconsistent with sound business practices or (4) other conduct inconsistent with the performance of work in an acceptable manner and at a satisfactory rate of progress to the Clients. Nothing herein is intended to, and the parties agree that this Agreement does not, create any third party beneficiary rights for any employee or other person. It is intended that any employee who engages in any services provided for under this Agreement is an employee-at-will of the Contractor. X. Conflict of Interest In keeping with Contractor's duties to the Clients, Contractor agrees that it shall not, directly or indirectly, become involved in any conflict of interest, or upon discovery thereof, allow such a conflict to continue. Moreover, Contractor agrees that it shall promptly disclose to the Clients any facts, which might ~ involve- my F€asonablep0ssibiIft;y 0fiiG0rifliGt of int~rest. XI. Term and Termination This Agreement shall become effective as of the date executed by the Client and the Contractor as set forth on the signature page hereof and shall continue in force for a period of two (2) years from the date of execution, at which time this Agreement may be extended and the scope amended by mutual agreement of both parties. Either party may terminate this Agreement without cause at any time by giving the other party at least sixty (60) days' prior written notice thereof, specifying in such notice the effective date of such termination. In the event of termination, it is understood and agreed that only the amounts due the Consultant for services provided and expenses incurred to the date of termination will be due and payable. No penalty will be assessed for termination of this Agreement. 3 XII. Amendment or Modification .... Except as otherwise provided in this Agreement, this Agreement shall be subject to change, amendment, or modification only upon the written consent of the parties hereto. - XIII. Disclaimer of Political Support or Affiliation - The Clients expressly disclaim any political support or affiliation with the Contractor. Further, the Clients prohibit the Contractor, and the Contractor hereby agrees to comply with such prohibition, from expending any Zone or Authority funds, directly or indirectly, including any funds to be reimbursed by the Zone or Authority, on any political candidate, cause, party, organization or activity. - - - (EXECUTION PAGE FOLLOWS) - - - - - - - - - 4 - AGREED AND ACCEPTED TIDS , 2007. DAY OF On Behalf of Reinvestment Zone Number One: By: Name: David W. Hawes, Managing Partner Hawes Hill Calderon LLP By: Name: Chairman Reinvestment Zone Number One City of La Porte ATTEST: By: Name: Title: And on Behalf of La Porte Place Redevelopment Authority: By: Name: David W. Hawes, Managing Partner Hawes Hill Calderon LLP By: Name: Chairman La Porte Redevelopment Authority ATTEST: By: Name: Title: 5 - - Exhibit "A" - Scope of Professional Consulting and Management Services Hawes Hill Calderon, LLP, will provide the following services: Professional Consulting and General Administration . Assign principal consultant David Hawes as the Authority's Executive Director/Zone Administrator and lead consultant responsible for managing and directing all professional team services provided to and on behalf of the Authority and Zone and their respective Boards of Directors as well as to the Public Improvement District - - . Provide full professional management, administrative and technical support services to the Authority, Zone and District - . Serve as the Clients' liaison and advocate with the City of La Porte, Harris County, agencies and departments of the State of Texas, and other interested parties - . Provide expert testimony in public meetings and proceedings as requested by the respective Boards of Directors - . Coordinate and provide professional services in conjunction with Clients' attorney concerning legal matters related to Board operations, implementation of Zone plan, and development agreements - . Assist developers with regard to their development projects within the Zone - . Work with City to resolve infrastructure issues as they arise - . Work with developers to ensure that development agreement procedures are followed . Coordinate and work with City to prepare fmancing packages to reimburse developers for eligible project- related costs defined in each developer reimbursement agreement. This includes, but is not limited to, providing the City with necessary zone information, verifying eligible project costs and providing information briefings to elected City officials. - - Board Development and Administration - . Coordinate and arrange all meetings of the respective Boards of Directors and their committees - . Prepare all meeting agendas and ensure proper notification is made in accordance with state statutes and such other governing documents as may apply - . Take and prepare minutes of Board meetings . Prepare resolutions, certificates and other official documents as may be required - - . Assemble and distribute reports and information packets for use at Board meetings . Develop and implement an orientation program to assist new Board members to cany out their duties and responsibilities and to understand the Zone's history, policies and procedures, and pertinent laws Information and Communications Management . Provide GIS and database management services as required . Assist in the coordination, communication and interface between the Boards of Directors, government officials and employees, contractors, developers, property owners, residents, and others regarding planned and actual Zone projects . Prepare or cause to be prepared reports, maps, charts and exhibits as requested by the respective Boards of Directors . Receive inquiries and respond to property owners, real estate agents and brokers, and other interested parties with respect to development issues that pertain to the Zone and the Redevelopment Authority . Maintain records and files of the Authority and Zone consistent with the Texas Public Information Act, the Local Government Records Act, and all other applicable laws, rules and regulations . Monitor regulations and comply with reporting requirements of Secretary of State, City of Houston, and other regulatory bodies Financial Administration . Oversee all accounting and fmancial administration procedures of the Authority, Zone, and District . Administer the Authority, Zone and District budgets, including tracking income and monthly expenses in reference to the annual budget, monitoring expenses, preparing budget reports, assisting with annual budget preparation . Provide staff support to the Authority's Investment Officer, which includes the following: 1. Maintain the Authority's compliance with the Public Funds Investment Act and Public Funds Collateral Act 2. Prepare and submit required annual disclosure statements to the Texas Ethics Commission 3. Compile and present information regarding investment opportunities that conform to the District's Investment Policy, Public Funds Investment Act and the Public Funds Collateral Act 4. Prepare quarterly investment reports for the Investment Officer's certification and presentation to the Board of Directors 7 5. Provide the Investment Officer with information regarding required biannual training programs - 6. Assist Investment Officer and Board of Directors in an annual review and revision of the District's Investment Policy 7. Arrange for Authority's independent audit, providing necessary information and documentation 8. Oversee the Clients' consultant responsible for tracking zone values to assure that Clients' receive aU monies due 9. Coordinate and work with fmancial consultants, the City of La Porte, and others on preparation of documents, financial projections, and related information required to carry out bond sales - .. Contract Administration and Project Management . Prepare requests for proposals for professional services and bids for contract services as needed and as determined by the Boards of Directors - . Analyze proposals and bids from prospective contractors and provide summary analyses for consideration of the Boards of Directors in decision-making - . Provide management oversight for all contractors, including such service providers as engineering/project management consultants, legal counsel, bookkeepers and fmancial advisors, public infrastructure construction contractors, security services, landscape services, and others that the Clients may employ from time to time - - . Interface with developers on development, financing, and property acquisitions issues ..... Bond Services - . Provide management oversight over the bond process . Provide communications and technical support with regard to the production of bond documents. - . Interface with zone consultants, underwriters, rating agencies, and bond insurance companies with regard to the effective pricing and sale of contract revenue bonds - . Produce economic base data to support the sale of the bonds. - - 8 - Exhibit "B" Schedule of Maximum Charges and Rates of Hawes Hill & Associates LLP Professional consulting and general administration . Board Development and Administration . Information and Communications Management . Financial Administration . Contract Administration and Project Management . Bond Services Board meeting preparation, attendance and follow-up Out-of-pocket expenses including, without limitation, the following: . prints, photocopies, reproductions, graphics, art supplies . postage, deliveries . long distance telephone calls . posting, filing and submittal fees . publication of public notices . parking fees and tolls . travel, lodging and incidentals monthly iIxed fee: $2,000.00 bid as package bid as package bid as package bid as package VI of 1 % of the par amount of each bond series $1,500 per meeting actual cost Automobile mileage directly attributable to this project shall be charged at the current rate allowable under Internal Revenue Service regulations. 9 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS 5 AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 5. Consider approval or other action with regard to pay requests on behalf of the Port Crossing TIRZ Project. A. Pay Request Number One in the amount of$6,090,116.79 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 ML REALTY PARTNERS March 20, 2007 Mr. John Joerns La Porte Redevelopment Authority c/o City of La Porte 604 West Fairmont Parkway La Porte, TX. 77571 Re: TIRZ Draw for Port Crossing Land LP Via: DHL Dear John, Please find enclosed the 1st TIRZ draw and General contractor statements and the sworn statements for Port Crossing Land LP for the period ending December 31,2006. Please let me know if you have any questions or concerns. You can contact me at 630-250-2903, or by email at:mstudtmann(@mlrealtypartners.com ~~c~~lY, Mark Studtmann cc: David Hawes, Russell Plank The Chancellory, One Pierce Place, Suite 450 · Itasca, Illinois 60143 · phone (630) 250-2900 · fax (630) 250-2901 Line Item ce# . \?rt~rp!lSing rlfi:?;lmpi'gy~roer)ts " ForTne,~~~rJm~~~~~r~b~r 31, 26o~ ".',"...-' GL# Invoice # Vendor Name Amount - - - Totals 2,300,000.00 Land Costs Hard Costs Infrastructure Construction Cost Civile Engineering Land Clearing Interest Expense 12225 12400 24150 24150 24150 24150 24150 12400 12400 12400 12350 12350 1200 1200 1200 1200 1200 1200 1200 1200 1200 1200 Estimate #1 Estimate #2 Estimate #3 13888 13760 13775 13807 13871 14110 267542 267635 Land 2,300,000,00 Angel Brothers Angel Brothers Angel Brothers 195,268.50 624,605.8q 2,131,144."" Goldston Engineering Goldston Engineering Goldston Engineering Goldston Engineering Goldston Engineering Goldston Engineering TEDSI TEDSI 128,482.70 12,2,.;36.25 25,275.22 9,072.09 32,340.17 317,593.57 2,850.00 5,700.00 - - 2,951,018.46 - - 1200 1200 06-1009-05098 WT Byler 06-1009-05098 WT Byler 117,479.00 43,065.00 533,550.00 - - May - December 145,004.33 '1"o,*'.l;l!:Qr.w;i#.1. 160,544.00 - 145,004.33 - .:.;$6':09Q;"111$~79: ---------. :-..- - - - - - - - Port Cro#ing TIRZII11p.rolfernents .' " . [)f~rt~~que.st~1 . . ' " For The,Montti 'Enoln 'December 31, 2006 TOTAL BALANCE TO ORIGINAL SCOPE REVISED PREVIOUS CURRENT PAID BECOME BUDGET CATEGORY ~ CHANGES REALLOC. BUDGET fA!Q REQUEST TO DATE ~ USES OF FUNDS Land Cost 2,300,000,00 0.00 0.00 2,300,000.00 0,00 2,300,000.00 2,300,000.00 0.00 Infrastructure Constructure 7,723,000.00 0.00 0.00 7,723,000.00 0.00 2,951,018.46 2,951,018.46 4,771,981.54 Lendscaping 300,000.00 0.00 0.00 300,000.00 0,00 0.00 0.00 300,000.00 Land Clearing 120,000.00 0.00 0.00 120,000.00 0.00 160,544.00 160,544.00 (40,544.00) - Civil Engineering 1,303,000.00 0.00 0.00 1,303,000.00 0.00 533,550.00 533,550.00 769,450.00 Interest Expense 0.00 145,004.33 0.00 145,004.33 0.00 145,004.33 145,004.33 0.00 TOTAL USES 11,746.000.00 145,004.33 0.00 11,891,004.33 0.00 6,090,118.79 6,090,116.79 5,800,887.54 SOURCES OF FUNDS TIRZ 11,746,000,00 145,004.33 0.00 11,891,004.33 0.00 6,090,116.79 6,090,116.79 5,800,887.54 TOTA!.. SOURCES 11,746.000.00 145,004.33 0.00 11 ,891.004.33 0.00 6,090,116.79 6,090,116.79 5,800,887.54 0.00 Approved By Date Developers working on budget adjustments, !J6 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21, 2007 SUBJECT: Agenda Item Materials 5. Consider approval or other action with regard to pay requests on behalf of the Port Crossing TIRZ Project. B. Pay Request Number Two in the amount of$2,892,333.90 LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 ML REALTY PARTNERS April 16, 2007 Mr. John Joerns La Porte Redevelopment Authority c/o City of La Porte 604 West Fairmont Parkway La Porte, TX. 77571 Re: TIRZ Draw for Port Crossing Land LP Via: DHL Dear John, Please find enclosed the 2nd TIRZ draw and General contractor statements and the sworn statements for Port Crossing Land LP for the period ending March 31, 2007. Please let me know if you have any questions or concerns. You can contact me at 630-250-2903, or by email at:mstudtmann@mlrealtypartners.com Sincerely, JU~ Mark Studtmann cc: David Hawes, Russell Plank The Chancellory, One Pierce Place, Suite 450 · Itasca, Illinois 60143 · phone (630) 250-2900 . fax (630) 250-2901 - ~ort Cr9l;~ing.T'~~!ll1pr?\feinents DraWR~cjUel;t~ ....... For The Mon\h Endlfl March at. 2007 ,,#~. Line Item cel GL# Invoice I Vendor Name Amount Totals Land Costs 12225 1200 Land Hard Costs Infrastructure Construction Cost 12400 1200 Estimate #4 Angel Brothers 12400 1200 Estimate #5 Angel Brothers 12400 1200 Estimate #6 Angel Brothers 12485 1200 13381 JJ&R Electric 12485 1200 Application #1 JJ&R Electric 2,153,686.50 259,771.23 324,044.28 40,185.50 41,619.11 - 2,819,306.62 Landscaping 36100 1200 20702 110618 10703 3DR Design 3DR Design 3DR Design 245.00 450.00 1,150.00 - 1,845.00 Civil Engineering 24150 12400 12400 1200 1200 1200 267704 277938 Goldston Engineering TEDSI TEDSI 589.00 625.00 - 1,214.00 Land Clearing 12350 12350 1200 1200 WT Byler WT Byler - Interest EXDense January - March 69,968.28 - 69,968.28 - total for Draw # 2. $2;892;333;90 - - .. - - - Port cros~in~TI.~~hT1Pr.(lvements Dra~~f19~~t#2 . . f'or The Month Enc:iiri . .March 31.2007 BUDGET CATEGORY ORIGINAL BUDGET SCOPE CHANGES REAllOC. REVISED BUDGET PREVIOUS EA!J2 CURRENT REQ!!ill TOTAl PAID TO DATE BAlANCE TO BECOME DUE USES OF FUNDS land Cost Infrastructure Constructure landscaping land Clearing Civil Engineering Interest Expense 2,300,000.00 0.00 0.00 2,300,000.00 2,300,000.00 0.00 2,300,000.00 0.00 7,723,000.00 0.00 0.00 7,723,000.00 2,951,018.46 2,819,306.62 5,770,325.08 1,952,674.92 300,000.00 0.00 0.00 300,000.00 0.00 1,845.00 1,845.00 298,155.00 120,000.00 0.00 0.00 120,000.00 160,544.00 0.00 160,544.00 (40,544.00) ... 1,303,000.00 0.00 0.00 1,303,000.00 533,550.00 1,214.00 534,764.00 768,236.00 0.00 214,972.61 0.00 214,972.61 145,004.33 69,968.28 214,972.61 0.00 11,746,000.00 214,972.61 0.00 11,960,972.61 6,090,116.79 2,892,333.90 8,982,450.69 2,978,521.92 TOTAL USES SOURCES OF FUNDS TIRZ 11,746,000.00 214,972.61 0.00 11,960,972.61 6,090,116.79 2,892,333.90 8,982,450.69 2,978,521.92 TOTAL SOURCES 11,746,000.00 214,972.61 0.00 11,960,972.61 6,090,116.79 2,892,333.90 8,982,450.69 2,978,521.92 0.00 Approved By ~f/~ . ~~:!/o'; Date Developers working on budget adjustments, LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS to AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 6. Consi~er approval or other action with regard to Change Order No.1 in the amount of $334,7'07.40 to the Angel Brothers contract in Port Crossing Commerce Center. The change order includes upgrades to the lift station, adding headwalls in lieu of rip rap, storm sewer pipe adjustments, and the extension of the 12-inch water main. LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 CHANGE ORDER REQUEST REQUEST: #1 I ABE JOB NO. 0624 PROJECT TITLE: PORT CROSSING C.R. TITLE: City of La Porte, Harris Co., and TxDOT approved changes CONTRACTOR: Angel Brothers Enterprises, Ltd. Proiect ManaQer: Kevin Guy PHONE: 281.421.5721 FAX: 281.421.5796 OWNER: Port Crossing Land, L.P. Proiect ManaQer: Russell Plank PHONE: 713.578.1234 FAX: 713.734.5544 ENGINEER: Goldston Engineering, Inc. Proiect ManaQer: Jason Eckert, P.E. PHONE: 713.977.8291 FAX: 713.977.7466 APPLICABLE SPECIFICATION SECTIONS AND DRAWING SHEETS: Project Manual Sec. Specification Sec. DWG. SHEET NO'S Project Manual Sec. Specification Sec. DWG. SHEET NO'S DESCRIPTION OF PROBLEM OR QUESTION: Sketch Attached: Yes r No I Please see the attached breakdown reflecting the requested change order amount below. DESCRIPTION QUAN. UNIT UNIT PRICE TOTAL Change Order Total per Attached Breakdown 1 LS $334,707.40 $334,707.40 Total Addition to Contract I $334,707.40 CHANGE IN THE PROJECT COST TO OWNER: YES .lL- AMOUNT $334.707.40 NO - CHANGE IN THE PROJECT SCHEDULE? YES - DAYS NO -X- Kevin Guy Kevin Guy Project Manager 3/29/2007 SIGNATURE OF CONTRACTOR REPRESENTATIVE PRINTED NAME TITLE DATE APPROVED BY ENGINEER PRINTED NAME TITLE DATE ACCEPTED BY OWNER PRINTED NAME TITLE DATE - - Ancel Bros. SummarY of Costs - Port Crossina Chance Order #1 ORIGINAL BID CONTRACT PLAN ADD TOTAL OVERRUN ITEM DESCRIPTION OF WORK QUANTITY QUANTlnCHANGES QUANTITY QUAN UNIT UNIT PRICE TOTAL Totals - Lift Station - City of La Porte ICLPI 59a LIFT STATION & APPURTENANCES 0 0 1 1 LS $252,600.00 $252,600.00 - 48 6' Dia., 25' Deep Wet Well & Cover 1 0 -1 EA $155,000.00 -$155,000.00 49 E..ctrical Control System for Lift Sta~on 1 0 -1 EA $22,000.00 -$22,000.00 50 EOlctrical SeNice Drops 1 0 -1 EA $1,100.00 -$1,100.00 51 Telephone SeNice Connect 1 0 -1 EA $300.00 -$300.00 52 6" DIP FJ 40 0 -40 LF $65.00 -$2,600.00 53 6"X6" DIP Tee 2 0 -2 EA $200.00 -$400.00 - 54 SWing Arm Check Valve 2 0 -2 EA $925.00 -$1,850.00 55 6" 900 DIP Bend 4 0 -4 EA $150.00 -$600.00 56 6" 450 DIP Bend 2 0 -2 EA $150.00 -$300.00 57 DIP to PVC Trens Piece 4 0 -4EA $200.00 -$800.00 58 Proledve Coe~ng for DIP Associated wi Lift Sta~on 130 0 -130 LF $29.00 -$3770.00 $63.880.00 $63,880.00 - Headwalls - Harris County & CLP 14b Reinforced Concrete HeadwaHs (Wharton Weems @ Channel) 0 0 94 94 94 CY $1,000.00 $94,000.00 79d Reinforced Concrete HeadwaUs (Export Drive @ Channel) 0 0 63 63 63 CY $1,000.00 $63,000.00 79b Ril>-Rap Associated with RCS Under Export Drive t65 0 0 -165 SY $44.00 -$7 260.00 - $149,740.00 $149,740.00 SH 146 a1 W. WeemslExDort - TxDOT 20 24" RCP Not Under Pavement 0 0 88 88 88 LF $51.50 $4,532.00 80a 18" RCP Not Under Pavement 0 0 40 40 40 LF $41.00 $1 640.00 - $6,172.00 $6,172.00 24" RCP v. 18" RCP - Harris County 20 24" RCP Not Under Pavement 0 0 2544 2544 2544 LF $51.50 $131,016.00 80 24" RCP Not Under Pavement 0 0 386 386 386 LF $53.00 $20.458.00 - 20b 18" RCP Not Under Pavement 0 0 -2284 -2284 -2284 LF $41.00 -$93,644.00 80a 18" RCP Not Under Pavement 0 0 -316 -316 -316 LF $41.00 -$12956.00 $44,874.00 $44,874.00 Extend 12-inch Waterline to McCabe Rd. 24 Flushing Valve & Assembly 0 0 6 6 6EA $2,200.00 $13,200.00 25 12" Water Line Not Under Pavement 0 0 1500 1500 1500 LF $28.00 $42000.00 $55,200.00 $55,200.00 PrsD Work for Placement of Fill - 2 & 3 4" Stripping of organic material per Testing Lab 0 0 5338 5338 5338 CY $2.30 ~ $12,277.40 $12,277.40 Relocate Gas lina on N. end of Powell (conflict wI Utilities)- $2 564.00 TOTAL CHANGE ORDER #1 AMOUNT $334,707.40 Orioinal Contract Amount $6,327,063.10 REVISED CONTRACT TOTAL $6,661,770.50 - - - LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 7. Consider approval or other action with regard to Exhibit B to TIRZ development agreement with Port Crossing and amend development agreement to reflect changes. LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 Exhibit B TIRZ Improvements TIRZ Amended BudQet current Cost Estimate for Approved TIRZ Additional scope Phase II Total scope Pending Approval Estimated Costs Estimated Costs Current Bid (less Export Dr.)IOriginal Contract $ 6,004,327.00 Chanae Order No.1: Lift station Upgrades per Harris CountylLa Porte $ 63,880.00 Headwalls for Drainage Channel @ Export & Weems Crossings $ 149,740.00 storm sewer revisions @ Hwy 146/Weems Intersection per TxDOT $ 6,172.00 Increase size of storm sewer laterals from 18" to 24" per Harris County $ 44,874.00 Watermain extension @south Powell $ 55,200.00 Gas Line Relocation & Prep for FiIi Piacement $ 14,841.40 Subtotal - Change Order No.1 $ 334,707.40 Current Construction Estimated Cost @ Completion $ 6,339,034.40 $ 6,339,034.40 Additional Scope Pending Approval Export Drive (Stabilization, Paving and Sidewalks) $ 322,776.00 $ 322,776.00 Deceleration Lane @ Weems & Hwy 146 $ 30,000.00 $ 30,000.00 Projected Phase II Scope Powell Road Widening to Five Lanes $ 530,000.00 Wharton Weems Blvd. Widening to Five Lanes $ 200,000.00 McCabe Rd. Improvements $ 225,000.00 West M street Improvements $ 75,000.00 Off-site Sanitary Sewer Extension $ 66,000.00 Subtotal - Projected Phase II Scope $ 1,096,000.00 $ 1,096,000.00 Engineering & Contingencies Goldston Engineering Original Contract $ 525,000.00 Goldston Engineering Change Orders (Submittal Review/Plat Revisions) $ 12,500.00 TEDSI Traffic study $ 9,500.00 Smith-Chern Soil Borings $ 36,500.00 Coastal Testing - Materials Testing $ 54,070.00 Contingencies $ 100,000.00 $ 50,000.00 Current Estimated Engineering and Contingencies $ 737,570.00 $ 50,000.00 $ 787,570.00 Engineering & Contingencies for Projected Phase II Scope $ 164,400.00 $ 164,400.00 Land Acquisition $ 2,300,000.00 $ $ 2,300,000.00 Clearing $ 120,000.00 $ 41,000.00 $ 10,000.00 $ 171,000.00 Landscaping (Phase II includes landscaping along 146) $ 300,000.00 $ 200,000.00 $ 150,000.00 $ 650,000.00 Traffic Signalization (Design & Construction) $ $ 125,00000 $ $ 125,000.00 Lift Station Power (Underground) $ $ 150,000.00 $ $ 150,000.00 TOTAL ESTIMATED COSTS: $ 9,796,604.40 $ 968,776.00 $ 1,420,400.00 $12,135,780.40 LESS: ORIGINAL APPROVED BUDGETS $ 9,784,000.00 $ 1 ,962,000.00 $11746,000.00 TOTAL AMOUNT OVER/UNDER ORIGINAL BUDGET $ 12,604.40 $ (541,600.00) $389,78040 03-08-2007 TIRZ-Revised Budget LAPORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS ~ AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 8. Consiqer approval or other action with regard to pay requests for the Lakes of Fairmont Greens TIRZ project related to off-site improvements known as the South La Porte Trunk Sewer Project. A. Pay Request Number One. LA PORTE REDEVEWPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston IX 77227-2167 713-541-0447 or FAX 713-541-9906 VI C CD ! < e" ~ - tia g ell 110 Ii i~l( 'O~;:.s~ ~~II~ 7'~ h~Oh 'O~I l -ilaaam5 a:cf~saSl -= !llIl"'fiDiJi~ - SJ::~or:oi...g F...~tIt .. 1: I u~~~~~ j.i-~~-~ l8 ~~ ... 51 li~8g8 · ~!~~~~i ;~i~ii~i .Ilt!: o a S i ~~~~~~ Sgdgd'" <9....10....11) 8 888~ !~~~ . B - - -~ "Di~a .-. l!!E co 18.8.8.~ ~~~~ i!~a -m ~ f j j I jO (A i!ljl! ::i~m~j ,-= j l!c ~ li!~ OJ "l l5 ~ i8l'&tf 1 .j :g ;: :: a: !lien ~ ,,11.....- .Q r-..... $~tiri 1 ~ 1 11;= ..8 ~-~ s'E In J :I 11 li88 Itoc . ,II - tit ~ ~.2 to- It li88 UI t c - I~~S _8 ~.2 t- 51 51 ) l~ ! 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CO) ! i } ~ dill I Ii>: -~l &~ ~i c CI .. s i ui l~ .i~ "Ui!f- ~:cl lito: .5~t ~~~ ~nll ~i i ! J!" =D U J J .. ~;r ! I Ig ~ ffi Ii i ~ h ! 3i ~ ~ F= g a Ii ~ VI i"i 2 iw.. oEw i ~ I i ~16 ~ II! hi I~I i d~ ~h ! ~~o rn~~ OOF 13m - - - - ~ ~ ~ o ffi I - - -- - 5~ 'SOaK 1B5HY 96LSTitt9; XVd 9t:iT LOOZI81/S0 11'e~ ^~IJ a~Jorl'el La ^~IJ IAI\iOv:fi 1007. '7.7. 'A'eIA\ May. 22. 2007 9:40AM City of LaPorte City Hall No. 9059 P. 20 04/04/2007 09:28 FAX 2814215798 ANGKLBROS. ESTlHATING lj004/005 WAlVERANDLEN RELEASe UPON PARTIAL PAYIIENT lHE STATE OF TEXAS COUNTY OF HARRIS 1ba WI8IsigDed was crnr..ted or IiNd by 65 f.s f<<te. lit. i) fiInIsh labor, and.tr miIteriaB Ii COl1lJIildJgn" cedain ~m reel prqsly~ astilDws: ~ &gf BnJI8S ~ lit. Jab Niame: The 1........ at FIIimDt GIBM\s.. SecIon 1 Canlra:tData: tbwnbera&. 20(16 Dt-.t~<< QISIIe CM ~ D&\,aw,1Mt PaymerE T~ tb1dmd ~ SsIIIlR Thausand awe Hurd8d SsvanlY CaIars and ~ tS2!U .510.33) For wn PbIb.-.lSd lIIIo&9t March 31. 'JJt11 Upon I8C8ipt of tis ~ and dher good ;nI waIuaI* ca~ lit J8C8ipt II1d ~ Ii wtIIcb.. ~~ the ~ does IEs&bJ waive anI__ .,,~ lens or. iDarBridI.Ja" ien or d8ims d ien. ~ and ~ ien or claim 1tBefD .. the ~ .. orll8l.A.tJ has an Ite alloV8 n91Qded_ fRPII1J ....~u.em.1II &mIrid.., Wort bni8hed or>> be furnl!thed bytbe ~Jed pmsIBJI to I1e Bllcwe menIcnBd orolherwise. 1be '1I.~lIIICI tiIB' cedied ~ wamlds iIallhel9lR Ill) mar.m rued_ic:. Or ~s in. ~ _of !he dale ,.. 1h8t all bills kmmd by I wiIh re&peet to tie "** wi b& paicI wiIhIn 10 daJs tithe ... of t\e above tnDd or 8CClIKr, a1d that tlere is no bown basis for .. _ of tnJ all I ...I....an..~IId'Gr...........~ by iIfI perscwl orll1liCJ~dv . lilt (Jft 1lehaIf.on the lJaC~slg(led; .., tD the exIent ~.... " ~ ... and ~+s:d does herBby... RI......, n-.Mi'lS<< 1DIt8IfaIIa;Il's IBD tlcIIimS mien II., dbarlllCh peI8DIl or enIIy, ......." bIemnfy IDd IdlIleCMner hamlls tam fIlft said lienarc:faim -...-Ie ~d.1II8d GOllII. ~... RIBSOllillllealbn8Y's ties. ANGEL BROTHERS ENTERPRISES,INC. 8Y~-~ Vlce-f'n!sideAt Tille THE STATE Of1'E)(M COUN1Y OF HARRIS BEFORE ME. lbellldersl&rEd auIIaly. en 8IS lilt penIJAi!Itt ~ Kevin GIN lcnownm me m"lie pea;on and omcerM1ose tDne IS ~>> fIB bayui.$ insfnInfd,lRI ar.bGwlr ~ ~ me thatlleMarJdl!!lflb BneSS lit ad 811 died <<such COlI^III~ _Ie pIIpas8 d cCh~idwc6)n fIlII8In expressed &rI! in tile capIdy lheIei\ staled. G1VENUNOERPlfHANDANDSLOFO~~ ~dayof /JPJI'2tJ1T . MYCOMfiISSIC>>fEXPle: co2 - 'S-~,\ ~.lrbHo~ rew~:; j May. 22. 2007 9:40AM City of LaPorte City Hall No. 9059 P. 21 - 04/04/2007 09:27 FA! 2814215796 ANGEL BROS. ESTIMATING III 1)0$/005 AFJ'IDA vrr OF BlLLS PAID - STATE OF TEXAS f COUNTY OF HARRIS i Before me, a NotayPublic j,q and fertile SfBte ofT~ OIl ~ daypenooally ~ KAma Guy9 Vxe l'nrideat of AJIgel BmtIaen EDtmp.....,,Ltd., waD bmvD 10 mo1D be 1ho pcrsoIl making affidavit. who, &eius by PIC duly .swam aacI cJfsposecl c&d SIIj; I am Keria G1Q'~ V"JCe Pl'esideat 01 ABgd BrutIIcd :EIa1e~ Ltd. .And have persoAIlbawJedae oftbe matsor st.akd in tIds affidavit. A..DJel Bndlen EJnuprises, I4cJ., has paid aD orb labor md m~ c:ost in COI1DeC:tioo with'dse coDStrw:tiaa of ne Labs:at Fairmoat qre-~ Sedioa 1 . located in Harris Courtf;y, Taas for 6S LaPOl1e, Ltd. and. II of1his _ there lie IlO wpaid. bills for labor P<<formM upon. or mataiaIs or IUppHcs delivered to OEusccIln cmmcc:tion wirh such pmjcct. This tffidavit is made iQ ~ with ft1e ltItiaI:d8 for Pa,pJIeat fl.. 0fJ.S1te paymeat UDder the contract betwccD 6S La Porte. LId. ADpIBnthen ~ LCd. and with the Jmowtedp tlIIIt it wilt boteUed. upm:m mafdDg srdl pa.ymcuhllld that such ~ wuuJd ClOt be made e=ept IIpCIIl tIaotndh of1he maucr..- cantained.in the affidavit. DAm '"\ W 01 ~-;v...~ ADFl Bl.~ Fidaprises.Ltd. - - - STATB OF TEXAS i COUNTY OF HARRIS f - ------- BBFORBMB, the ~ a Not=)' Pub~ ill and:tOr1lJe State of Texas, on this day pm:scmaIIy appeared, Kevta GtIy. V'1Ce~nsIdeIlt of ADaelBnCIIen 'h..,~ Ltd. boWl! to me to be the person whose name sabscribed M tbe Mregoiug~ aod aekDowledge to ~ that he executed the same for the purpose aDd GODSidaation therein ~essed. - GIVEN UNDEllMY BAND AND SEAL oF OFPICE, 1bis 4. ",,-, . day of ~?(" \ \ .A.D~2001 - - c:=-1?~,.CWIl>---' , Notmy Pub SigmI(JJr& - ~~=:: , .... - .... LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS ~,.---, \~D AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Exe<,:utive Director DATE: May 21, 2007 SUBJECT: Agenda Item Materials 8. Consider approval or other action with regard to pay requests for the Lakes of Fairmont Greens TIRZ project related to off-site improvements known as the South La Porte Trunk Sewer Project. D. Engineering and professional costs LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box22167 Houston IX 77227-2167 713-541-0447 or FAX 713-541-9906 I iISSS18S D:lf~SllR -~ .8 III .... is iJS ~ - SJ:~":oi1l:: F_~~ .. 1: J Hn~~~ !~W~ffJ>~~ ~S t~ .... al Jl8.~af85 CJ:E~88fi- mrr:: !~.... o a IS ! ll~~~i SgdOdrD <l?....U)~lI) 8 888~ i~~~~ "D~~a CD" !!!I! CD la8.8.~ !~~~ i~~a ~ ~ VI II: CD I! < e ~ - ti~ g..~. E III !t!! l5 ~;:.5i J ~ Ii~. ~.3JSt f j i I )0 , i!ll!! ::::iCQm~j Ijic~ c!ll!lj"~ e : li'c!l ~ .!i!oli:.!it G 'd 6S06 'ON 1 .i!~:: D:JDldlllll JD.-- r-. .... s~t;:i ~ ~ II 1188 2'1 - - 1,122 ~~ ~~ 1 11;= j!ii 11 1188 1100 :I~~ _8 t.s I- 51 51 JI8.! Jl~5 .<iC E - ~ 1i1;[- im; Jill!; ~ o 0 B .s j i j~1 c\!~~ .fg~ ~gciJ !l....iJ ~- ~ ~ ~ ~~ ~~ .s to.: S . -a- -,:,f8 III mtl ~ 5!i l%l m 1~ i; ~! i . r II i i i u I I! Is Ii c E ~ 15 ~ i! ~~ i~ i 88 g~ .... i :J:: ~~l J~~ ~f~ ua:;d " GI f! .::J Cl :!-n... ~i" .sD.~ i~i ~ ~ & ~~~ ~ ~ l~ "to.:. CI ! j_!-~___ _ ____ ___~ _ __n--i>.___ ..r - CI ~ ClD ClD ...;;.:;& I "II -a .. l~ l~ J 4i! ~ ... :..!a 0 i ... "lI'\') CD ...,. ~i III 15 i c iI:J Ii u ~ :t l~ }~ ll'eH At!:) atJOd'el to At!:) WV8E:6 IDOl '7.l'A'eV\l May. 22. 2007 9:38AM City of LaPorte City Hall , km ~~ GJOUR ~}i. 2ild5 b:~ci:~~~i0";~!!~~':.;:.i'~.~.~~':~~~~~;~\~.~~~~j~..,~~;~\~:'J ~ Laf.lontt. Ltd. . f>m!!I.~.al E$\ii!&& ~(l~I!tII~~ ~O!'fll'!9 ~~. P.fllj~ I"alimocil: Gieent-Phlisi;: 1 ~!\1;~~~:P~Ylii>,Si.t/ta"40 lIN~N~. ~ HOOSlQn. ~ .77.dfJO . No. 9059 s~~ P~liim!ilioli aflBi1d P.lail,:ooe ~ ~lJlils, ~1iIlititW!fu relrie.;.> ~c1as, meetings Wl'lll <i;j!y ~ ~ I?~ Snd:~i\iln"a1l'an'of Praliin Plat Pi'~~Jo~~ lienrlces ~et. PI$D!llgeri~ ST.:'JOO' CDi1CE!):it. Planuing $.2;.S5O" 1a1if~~ .~. ~:~f.Y:~:--:-':'$:~~ 01f~@.iie~~"lQPp' ~l'nls:~MOO .Plal.~epr.&J~~1';~ ~iI.e ConSlr..'~ ~Q$O 'Q1f~'~ ~.'C6n&rnFWgs $a,~~ Pr9jec:t:~.~ $3;:zo!l 1~lvatarMaln 'P-JP' $1~500 f!l1an RaYiewJP~iM. $2;aDQ ~f9.{i,qg~ Adinitt $3~~:P Co"*. Sleking: ~12,6Oa 6l~!I~les ~cf C~\'!!M .JIlljglie - IDII ealls ~ ~!tn~,,~.~ AJlQUNtQ"lJE!:A;~llm~E: ;P,~r:m ,Pl'eViol/lJ Ct\.mp'.~. ~. ~.Qq% ~.Q.~ ~DO%- iQ.tJQ N.A ;0;00... <m . ~a.~ 0%. "'$0,00 1"~ SQ,Oo, f~ $O.oCl '1.~' ,'Q;P~ e%' .~O..OO, 5%. $'O,oQ 'Hold, i$OJoa t-f9Ii1. SO,OO ~id .$P,W SubtOtal T'hls In~c:a .~1,400,OO $2~~ $9:00 $O'llO ... $iZMO: $Q.:4.50.~ S3;730.90 . $lJ';00 S37~.~ $17jir1'S:.OO $'.B;s '$cr.~ ~?O :~OO S9pO ~;.4q $O.OC a at o h~~ at iQ ""~.. Subtotal IT~. N~l i3n.o.QI,f ~rll'ibl-\I1.Y*e iofOr'S~:re;at8d1P~l~~ $0,00 $'t7,875.:081 The1an'o.sl:. . ..... 3CON.~~__1~"""'__ .;,............ .'" ~-""~ -'- P. 3 - - - - -.....-. .~- - - May. 22. 2007 9:38AM ~.. ,~~ .~~,,:'" City of LaPorte City Hall I', " ' ~~9fJ , GI'9UP ,~\{~~~~~~;'l.t.;llf...~_~~~~~~l ~!\UllIY ~,. i!lli6 ~~ Ud.. ~rc'le ~ ~~~~ ~rPP.,i:n;mt ~ A,'lIn: Ii!!:riiisn R6EId Pf.ojeCt FlIiI!nOll1 ii~Pl!!}Se ~ ~ N. mJiouSiOn P.aMWy e.. ,9~ 11)) InvOjCe,litd. :lIS-702 HQ\lP.lXtiOO'a No. 9059 P. 4 ~ Pre~1'fill'cA l'lf,tlSns~n~ w~a!fc-i!t!ptQVeinal1f&1 ~ ""jrr off~~'~iY'E;~ 1O$elVe O1$l'IIJI ~ P~naJ 'SeJViCtIS ~ Qir!!l~!t~ ,Cb:rn::atiNanri'ing !-~ti~,~ AJ\ProwlS $te'''~rylPIat :6ff..stte ~,~'~P.O.~lS Ptlft~: ~~~~ ~San.,~;~Q~~ji: ~~~$~~" 1;j!;"'.....-rWn ~&P , Pliin R8vIeWIIim~. B1~i1~l!t: ~mil'i ,~nSf, .sriI~ s~~ ,Caid,ComputerTIsNr Ph~,. -tc8'caDs ~.,.. P~.~~'!'l':'~ A*OC/N'1.' Q.~e: ~'rllf~ 1JME !Jii~tat :,!'t4!x1 ~.$o- ~ s;w;'O,OQ $9;000 ,$.1_ $.M~ $37.,300. U;2QO $T.5tiO $2.300: $'3i.~, '~12.&OO :'p'e~.R~ p~q~ CDftip18tcl" ,SIJ~. \~. $1.4OQ..pO 10D%'$2;$q~l!5l NA $O.oG. a, $0.00 ~', SQ,~ i'.~ s27.a:.rifJ 9OYo $9.~00. 'G,O%. i!;rso~ ~ ,~:OO ~ ;~~.,~ !:fallS . : ~Q!l , ~ SCl.'OO .HoleS $l),QO. Subtotal o:ar O~~ $,1.9.5 ~SO sa..4~ Q mBe$ ilt S(dit6taf l:retal , NOt~; $19.610.00 cf1hi$ lmio1eo is 'fW SaMees reli;iteict, ~ Off-S1te irripfOllelMn~ , .., . .. . , ~ Ii.i~ $9:00, ~.ao ~., ,',---.- ~o.'OO'."., ~1;~.OO: ~:;,2.\iI},0Il $18;650:00 $1:~~$"&JZ =:;J1'~O ~375..t'JO $76~27..&;OO ~:D,U $0.06 5!!.,ga to..Q'Q '$O..IlO, $76,l7.5JJOf _tit. ~~;laIl:ElosVI,!)Rql.~ , .L,. .', "~'~~.~~. ~~, .w.___. ,'_ May. 22. 2007 9:38AM City of LaPorte City Hall IOD ~ig~ ~roup Fe&rtlaty 2a. ~ ~L6l~, Lid. A~tS ~aJII ~$ ~i~;m~t:oi1:ir*lY' .~N~RoecI . . . f'i"tiIi!ii:l. FelnnontGree~i ~.~. ~~.<!I1II-1D~~ay E.. $Ul~ ~l1.9 ~ N~~ Q6..7ll8 1iQ.u~ :rx 71QQO No. 9059 P. 5 - - ~ .eomp~ Qf lSe~:far QHite l!l)~sU1ent$ aNl-&Bnltal'y-~.~S5ig@~ ~lle ~ Pfus~'Of:PJan se~ . . P~()nal SeMc:es Sudgilt ~ oa~~S1A'liO ~Pt Plllnrir~ $2;e!lO ~ ~A{lI]PO~ .. . :$"~ '. ~1leT.~.~J~:- ";"-:~j(lQ Of'F.SM'.$an.~ej"IO~ ~I\)~ . ;>1l,OOO P1*~~~falioo'$1'.&OQ. ~~S.tr, ~ :SS~:OOo OO.Si1~)~"f1.~. CQn'i\t'Q~~7~'3oG P~SpK~k ~.~Q9: "~~fef.Ma1!'1 t'&E1 .$7..$.0 Plan,FtwiC:wIfierrnlffi'/'IQ $2',"300- ~9iA:~~rys;. Admin ~ ~J'.Istf,StiJkiRg $ta.~ ,~Iij~rne,~_ ~aQd.~!ller Trine, P.nci:le" jgiJ calls ~~. F.:P~:" O.p:t1/1e-fli~' AMl:!\J.~ !X!EAl':rn$-'TIM.e ~1I~ Pr.eyiQ~ toi!'Jple1a Bnte4 . too~:$1.4oo;ob 1'Q0!'A; $i;~:b~ NA. .~.'60. "~ .so.OO$O,oo O~ lO..OIl .$0.00 . BS~ l1\~.o.o.. .S\.~~ 1'Q.O% .$~:roo.OO: ee.300.pQ 100% '~3:sq.~ ~4~920.00 8OCff; $~,~.QQ ~:.clC!. 1Qa,%- $6,151);00 $~O :FIold SO-PQ. fitlld $0.00. HOld so,oo s~~ ~o. ill' (), hOllI1l ~ $1~ S5;~tl $Q.,4(f ,0 f!litea.iiIt suaiotat lT~. N~: S14;SS7..se'oflttis mv.oica l&:~o$- ~!~ felated ~ o.B-Siie tmpfO.~merits - r~ rnv/Jiccl SQ,O!1' ~OO.: - -- - m-.i:5!l:"@" ~..llOc .$Q..'OO ,$(1:00 '$h.00 '~~~~1~ . 5't>~ 1:.'61, S, :$135~19 . ~8!l,191 - - .....""" ~..~_.:-,_ ~~n.ce;lgO"O~.~ """'" R. """"""",AY8l1l1i1. $"UIl91CQ, 'CJ;IJl;oS. 'I'X 752lJ!!' 2'l~1l)~1! - - May. 22, 2007 9:38AM' City of LaPorte City Hall ,'" . ,'o~ Design G~P , RE'-'~""""'''''''.~; ~'<~M,~.~~1~~"i'''''!:1 ,_.':,."",,,,,,...~.';...,,,,1;.::.t: . ,'. ;',""",, ,,\:'1.- ~,""",."'f"''',!,'' -' M8.rtb ~'.2~ 6S LaPQl'\e, Lid. ~\~~~est~&~~Co~y Al!n: r'lonnal\~' . ~~ F~Ill1l"~~~ ~ ~ .N..,:Sam ijou$;~ ~y~. ! Suite 11>>.11\jlCItjQN\), ;00..711 . . HoustM, n.17.o6f:l ~~~s: &~li Oi'lJC\'!9r ~lCf~~u~ng.,., parfOll\'lllnca' Gip~ ~ IMlb c.ay. Qlh9r a~.J1li5C:p11ntil19' ' F'_~Jc>.~1 Se~es 'ra~TJt B diet. ,C~PI8t8 ""~.... -. ~"J4iO.. 19.",~ ~:B50 1~li .$0 NA ~;ei61f"'. .~.... !;9';Pi:lO ~ .SUO" ,~~ S'salOOQ '1~ ,~i9~ 100i. ~.200' .~ $'7~5ii\) 100% '$i3bo 15.% ~9GO .l:\9k;1 ~~~~~ HokI 'S5,4QO I'fo~ SU~ 'I) <it O~a.f ~ ~$.a~ Su~ .ITot.). Due'O~ G~'P)allniI19: lo.ai1(j:U-App~a~: , SlteT-(jpclJB~iP.I",~. 6lf_~~. ilaSi'tlt5 Pliill ~~ site C'ol1str. Or\.g,s. Off~Sitii'.san..:.SaW. .Canst'~ ~f.d~.~!t 1~~~ PSoP- PlaIJ ~1!?~!ttii'!I ~5lI.AMlOIC.~~~ C.~. S!St;illh.;..........;.'...,.;.!l. B~~i') '(Off-$ite) Sluelii1e.DQ~ ciidd CQmpiiIet Time ~'_:1'911:~ 00IeI,ge. ~~....~e.'l:tlre AMOUNt' DuE'~1' THis~~=. ~revtQf.i& .Ein~ :~1:~OD-QO. ~~Qq $O:ro ~Q~ .$O.PO $1.530.00 ,~~Qoo.pl) $;1""~~ $1;na.oo. s.t ;soo.,QQ SO.tliJ. , $Q:OO' SQ:DO '50;00 ~: $3600.OQ.g'f. f!'(r&'InVl:lk!:e' ~ lQr~!\IleM reiata!:l ~ ~i1e. !~~el\1s TI'lis InV~ sQ:~ $0.00 SO.O~ $6,a~ . '00 ~""... '$Q;\N ~S.'600.aO ;D:09 $0;00: .~.~;OO S1.~ :~;?\1 :SO.;4Q -.s~oo. S:tf.0l .$!tOG $0:00 $D~ $0.'00 SCUll)' $S~s;ool ~\iiii~G"" . 281>> 11l.:Rii>Q~ .(~~,'~'1Q.;::~~ClX:~ 214:~ No. 9059 P. 6 May. 22. 2007 9:38AM City of LaPorte City HalJ Ion ~n Gl'l)UP .'.:;~;~~-:;~~:.~. .... J ~~.~~: .";i:.' W .: . W:~:'iJ!B~~~~j:{~f~~~a' ~3".2066 65.LaPooa. 1..td. ~ ~ ~ ~ O~mam"COll)pany AIIiI::lYoiriiM Reed' F!rojacl Farllllotd.,G~Pl\:l$e 'f ~~~~'ParlaiG)te..Sulle1Qo l~pijC). El6.-~ HOllSlDn:. TX ~ No. 9059 ~rvia!~ Pi8paraliOlfof",~:~ied:ilcawm~iOr (:~ QUbmi~1011o 'Plan: ~,~a..for lii~fuJ' 1:',~~lolllllServil:es DuB D~ , ~9!~nil '--'I:.and.q~'~ ' ~~I~lPlat ()ff~5~~.~.~BaSmIS 'F'I:It~ ~,~. DIWg$ ~.~Fl..&W."O'onit.~ 'P4'O~,~~ tr'water_:p&P' p~'~~~ BlC2d1~~.~ ~..~.(~) al~A~li~off-Site} Blt$lffl~ ~~T.~ fhQp'&'-lOn'~' ~P..~r~P.inal'pla!.\~ P.rj~. ~If~: ~'duH! ~.AT'THlSTIMS ~!J.~ $1.4O!l' S~'85lJ '............ Sp $?D.,\lOO . $ShOe &;)100 $63;000 :i4O.~ ~. :~~Cl!? '$2.300- ~~O ~'1h~ SQ:..tp.o P~rcl:!.nt PN.~ll,Ii[I 99.~' s1iled toO% $1..4;00.-00 '100% $2;65'0;00 ~ .$0.00 ~ $q.oo. ~. $~.Q(i, ,~ ~'iS:W'OO 1 QQIllr ~~O:Oo:.Q.Q' 1.~ S40,llOl,J.OO 1QR'l4..' $:1~$iO;dP. ~OQ~ -F,5OQ:.DD 1,-OO'lli $'l n.S,DQ HOld $a.cU" HOld ,50;0.0' HQId $0.00 ~bipia.l :~.~ ,D'h~,~ .0 s~ilt s~ :IToW, :n~ :t~;5D $.1~OO ~.~oa:Qfl!la'~!~:is ~.~~:-l'l!I1:1ted:1D:OU'-S"Ife~amenls TIII9' Inv~ $0.00' '$.Q.~ $!MIO sQ.O~ Siio-.Oo .$0.00 $.\l.GO 1$1'-280:00: ~~::: ,16~O .. ""'Db ~-. . ~51.!iOQ' $2.1iS.fio. :~~~op $0;00 $0;00. So.o;) $O-.QO $o~ ~2112S;OOI ..................._ :..~_~,~.~w: ~:"> ....."........."'!~ Stm,,-;m,i~ '1X752Oe 21."m~70' ---. P. 7 - - ~ -- - - - - - '- - - ~. - May. 22. 2007 9: 39AM City of LaPorte City Hall " . lon, . Deslgl:f G' " ,'9UP ..:~(.(o~;~~~;::::""~1!1;~ l"h~" ~. JlJ,ne 30, '2@ ~~ ,....~,;.~ ':tit'"'L;; .~:. . .:.:~,: 66 l.aPor.1a. uii. A~R=I~a~~q~ Atlri; NolYn~ Read '~Fairmol'\t~!l8 \ tQQ'tl'~~'1l8Itw2Ve,. ~'~ ~~. lJ6..74a .' ' l:klU51on; ,TX 7:1fj!sD , SllfY!..; "fl'!p~n-l)r'reillBlons to ~'Sa~ifaIy ~~r!IM per'C~ir~.~lqll \\illtICity_and:\ii.ilb~ . . P~~!O~I ~ic8s DU~r:i.Ilig~ cQ~~;Pllmr.(ing , Lan(HJu.Aw~' S'd!iT~ ~,~~tcipoeasmtiil Piaf,il8~~ ' Site'Cc'hsft-;,~ qtf-Sj!l9,$ln. sefM...~"D.1W93. ~p:ts.P,ei.: ~~ . 12" wcter'Mai1I,~ :P{ljh~fP.~ tii#~ AdmIit ConSIt; s.g~~i 8Iif1A:.w~n'C9.lf~ ~'~it8.~Uij.: ~ne_a ~~Tfne ~~ ~ (ial" COmP./JtQr'~, f,lI'Ial.f11@(1!i Pri~ .,.'Ou.~ ~in!! ,~,c;io!fi'tn~~,A'I:'~,~ ~ $1,.@Q ~65B $0, ~~ ~.-ooo S'l~' ,$63':000 '~9OO' s.a.~ .$7,500 $2.~ m~ $'12;-iOO S5..4W' 'S,9)pjJ' PeIC.m PlllYio~ ~ BiIIa4 'J~ ~1AOD-QO 10Q'j S2.:~,~ blA ~OQ '~-ci%:, .... ,. -$0.011 em $O.~ 1~~ ~L~PQ ,00% $!$3.~9!? 1QO.% s.cg-$IQO;OG \~ ~~OO 1.OQ.% rr.~5qO',QQ ,~ $2.~.o.a Hold $Q:.OO, ~ ~~.O\J, ;toB SO.DO 1tJDOAi $0.00' .l!:~ ' o oat' ,0: \'i(:iIpi' iif .o:rm~m SUbtolial !:!'~ '~'i~ $$'.~ "5.~0' '~; '$SSOO.Oo Qf.th1s'~~ fors,er;~I'8la~to .~:J~eil!3 relGttfd fo C hcrtl~-e.. ()rd-ter- This tn~r1 SO.t>> ~;etr so.dO, ~qo $OjlO ~.OO 'so:oo $0.60 $0:00 i!i.o.Q ~,sQl?;~ S9~~ $IUltl 56.00 :$lidO moo 80:00 'iMYIO '.;500~l .Jbellllt08all!i'!.~,!,I.l:, . '4";.<. 2MC%1t. ~,~~. sulIe'1~ D__; 1'lC ~2'l~,m.,......, No. 9059 P. 8 -- .J ~, " Ma y. 22. 2007 9: 39AM City of LaPorte City Hall ,. Jon D~gll . . _ Grc.UfJ R.~il~I"';~"b<:.!!:;~_~7;m<'<:if~ ,. ..~..~~, ..,n~., t:. _ '". ,,_ '~~""'.1 ~'3t2600 fi~. (.aP.~, Lfd. A.~ ~~li! ~taid..~&ip'niBnl. C6m~ A~. NomJ" Reell . ~ .Faimloht Gree=Phaae i :isip~; ~il!~!i~ ~~~,.~r.ilte 100 ili~ ~Q. tlS-722 Ho\lSton, tt 71.06'0' . No. 9059 SaNi08$: p;~~ or jjl)Sl~.,led <l1ll'oilln'1J9 fOe Cif)r sllb.rili$!;l9n. plan t!~ ~ Cor bii1din~ PJOf8Ssicll1al.~ICle$ D.lIe Dl~~ c:~p~~ [w Use~S" .S,\la T~poIBOl,tndSlY.lP~ . r1~~~lOpoea~ f"* RiiP~~ Sll8Cb.QW; ~ O~!te:S8Jl. $~ pOllSt' OrWgS Pki14tt:~Book . .. 1~~'~'~~. . ~~ ~~~'~~n C~-_~f/l;~su~~J Bi4I~l\;AOinfJl. f~~ BlWlina eopl8t, Caiiif:~!lt..TIme - . ..caits :~Q-.1l)IPJQ_" ~ p.' , D\'RI?:!:I~ ltlr!g w.... .~ ~!1t!r!g - OtJls1de RiiE' AlimUlIit DUI;,A'T TH~-nllll~. ~c!;t ~ .4od; ~6.;jO. $a ~ooP' '$.9.l)~. $1,~\>>. ,$&:I@ $40.;900 $UEla $r,5Q.O :$2,300 '$32.000 $.1Z;590 'i5~4:I;l!i Perc:ecrt Pre\floas. COiftJil*: . .sined . . 1ha%- S1.4OO,OO ,. ~~It~ NA ~1>>' '9% $OiOG; ~ '$0.00' ~~% $'I.~3Ct.oo 100~ '~'Qa(rOO 1~ S40:906;00 BO'i6 $1;~~ 100% $7,500.00 ~ S1.;~.Q& Holit sQ.oO Aord s6:ao HOld $Q.OO ~~ P'.at .$.tl~5 tU'rjU~ ~$5:so. 3a.!;~llt . $.)5:.0;0 SutrtotaI . IT~1 Note; $2S5.01i'~'tI1i$!/lVoke ~fQ{~ei1iJcas ~ .ta 6ff-s~ iirlPI'O'l~~~ Thia t!IVC!I~ $0:00 SO:OO ""'Si1tJO; ."."- SO.OO, $0,00' $o.Qp ;!too $0'.00 S9,ii9 , $.6..00 . $D;oC $tioo $0:00 $o.~ . t/l'J _~ :~D.oo.SO~ -= ~tKe (;1;;# so:~.li . sGtb.m $670.00t .iJlelllil D8aIiift ~ u.c .ZBooN.'~'~~~.~I!B&:;''ti;'~pa ;tl~30~~:8iI.ici P. 9 - - - - - - - - - - - - - - - - May. 22. 2007 9:39AM City of LaPorte City Hall 8M HUTCHISON & ASSOCIA-TES 1209 Decker Drive, Suite 100 . '. BaytO~ 'IX 77520 1(281)422-8213.oleo (281 )420-2717 fax. Ion Design Group -2&00 N. Henderson Ave., Studio 100 Dallas; 'IX 75206 -Attn: Bryan Klein INVOICE Contract for: 5353 Lakes at FaiImont G.reens; Construction AdmiDistration & Plat ~ 2191 -Smvey Boundaty &. Topa Professional Services -)lrsife SeNlCea :>ns1te Construdian AdmInIstration Plat Fea ....qoulidary & Topo Survey :onstrUction Staking $aJes Tax on Boundary RelmbwseabJe -Record ,Research $107.71 x 1.1 Pre! Review Fee $410.00 x 1.1 "'8~ 8em. Offsite construction Administration :Boundaly & Tope Survey Payment Terms: Net 30 . Fee $.16.615.00 ", 2,000.00 $ 20,000.00 $12.500,00 $ 269.78 $ 118.48 $ 451.00 $13,385.00 $ 9,000.00 % Complet6 Fee Earned 0.00% $ 50.00% '$ 1.000.00 15.00% $ 3,000.00 0.00t;{. $ 100.00% $ 289.78 Prior Billing $ . $ $ $ $ 100.00% $ 11a48 $ 1 OO.OO~ $ 451.00 $ Onslte Services 0.00% $ $' 15.00% $ 1,350.00 $ Offsile selvices TOTAL INVOJ.CE AMOUNT No.9059 P,10 .pate, 113)()6 Invoice Number 14711 Cunent Fea ~. $' $ 1,000.00 $ 3,000.00 $ $ 259.78 $ 118.48 $ 451.00 $ 4,839.26 $ $ 1,350.00 $ 1,350.00 $ .6.189.26 May. 22, 2007 9: 39AM City of LaPorte City Hall No, 9059 p, 11 - - "HUTCHISON & ASSOCIATES ~ 1209 Decker Drlv~ Suite 100 . , BaytoWD, TX 77520 . (281)422--8213 voice (281)420-2717 fax Ion Design QtoUp 2800N. Henderson Ave., Studio 100. D~ TX 75206 Attn: Bryan Klein Con1ract for: 5353 Lakes at Fainnont Greens; Const:rnction Anmirdstration & Plat ~ 2791 Survey Bt>undcnj It Topo . Professi~nal Services ServiCe OnsUe Services . On$Jl:8 COns1nJction Administration Plat Fee Boundarj & Topo Survey eoriStruCtiOn StBkIilg . Sam Tax on Boundary ReimburseSbIe ReCord R~ $107.71 x 1.1 Pre( Review Fee $410.00 x 1.1 Record Research $463.58 X 1,1 Off8_ Services offsJte Construction AdmfnIstraflon ,. BoundiuY & Topa Survey : Payment Terms: Net 30 - - - INVOICE - Date 3/15106 - Involce Number 14768 - - - Fee % Complete 'Fee Eamed Prior BiDing CUrrent Fee 'f 16,615.00 0.00% $ $ $ $ 2.090.00 50.00% $ 1,000.00 $ 1,000.00 $ $ 20,000.00 70.00% $ 11,300.00 $ 3,000.00 $ 8,300.00 $1~500.00 0.00% J $ $ $ 269.78 ,.100.00% $ ~.78 $ 269.78 $ - - $ 118.48 $ 451.00 $ 509.93 100.00% $ 118.48 $ 118.48 $ 100.00% $ 451.00 $ 451.00 $ - 100.00% $ 509.93 $ $ 509.93 Onsite Service5 $ 8.809.93 - 0.00%' $ $ $ 100.00% $ 9,000.00 $ 1.350.00. $, 7,eso.OO' - Offslta Services $ 7,65o.DO $ 13.365.00 $ 9.000.00 TOTAL INVOICE AMOUNT .$ 16,459.93 - - - - May. 22. 2007 9: 39AM City of LaPorte City Hall No, 9059 p, 12 :'B' " HUTCHISON & ASSOCIATES N- J 1209 Decker Drive. Scite 100 BaytoWD. 'IX 775~O . :: . (281)422-8213 voice (2g1)420-2717~ INVOICE, Ion De9ign Group . - 2800 N. Hendersoo.Ave'7 Studio 100 Dallas. 'IX 75206 Attn: Bryan Klein Dm 4128106 Ia~-oiee Number 14819 Con.tract for. 5353 Lakes at Fainnont Greens; Con.s1:rl1ction Administration. & Plat -2791 Survey Boundary & Topo Professional Services ._ Onsite Sarvlces. - Fee % eompleta Fea Earned Prior BlUing Current Fee Onslte Construction Administration $16,615.00 15.00% $ 2,49-2.25 $ '$ 2,4S2.25 Plat F.='ee $ .2,QOO.OO 50.00% $ 1,000.00 $. 1,000.00 $ BoUndary & Tope S1.irvey $ 20,000.00 . 57.00% $ 11,300_00 . $ 11,300.00. $ ;.. - Construction staking $12.500.00 0.00% $ $ $. Sales Tax on Boundary $ .269~78 100.00% $ 269.78 $ 269.78 $ Relrnburseable -. RacoraRMearoh$107.T1 x 1.1 $ 118.48 , 100J>O%- $ . 118-.48 . $ 118.48 $ PreI RevlewFee $410.00 x 1.1 $ 4S1.00 100.00% $ 451.00 $' 451.00 $ Record, Research $463.68 x 1.1 $ 509.93 100.00'YD $ 509.~' $ 509.93 " $ Postage & Delivery $10.12.x 1:1 $ 11.13 . 100~Q%' $ . 11.13 $ $ 11.13 - Plat RevIew Fee $150.00 x 1.1 $ 185.00 100.00% $ 165.00 $ $ 165.00 Onsita Services $ 2.668.38 -Offsite Servicu Offi;ite ConStruction Admlnlstratlon Boundary & Tope SWVEJY $1:3.385.00 $ 9.000.00. 15.00% $,2,007.75' $ 100.00% $ 9.000.00 $ Offslte Sarv'ces $' 9.000.00 $ $ 2.007.75 :" 2.Q07.75 _ TOTAL INVOICE AMOUNT $ 4~676.13 ?aymellt TermS: tiet 30 May. 22, 2007 9:39AM City of LaPorte City Hall No. 9059 p, 13 - - BtI HUTCHISON & ASSOCIATES :. --: I" 1209DeckerDriv~ Suite 100 , Baytown, TX 77520 ,,': (ZSl)422-8213 voice . (281 )420-2717 ~ Ion DeSign. Group 2800N. HeodersonAve., Studio 100 Da11as~ TX 75206 A.ttn: Bryan Klein Con1Iaot for: 5353 Lakes at Fairmont Gree:llSi Construction Administration &. Plat - 2791 SUrvey Boundary &. Topo Prafessionid Services OJl$ite S&IV1oes Onslte Construction Administration Plat Fae Boundary & Topa $urvey qonstructlon Staking Sales Tax on Boundary Reimburseable Record Rasearch $101.11 x 1.1 . Prel Review Fee $410.00 x 1.1 Record Research $463.58 x 1.1 Posfag& '" D~Hvery $1 O.12.x 1.1 Plat ~iew Fee $150.00 x 1.1 OfrSite, Services Offsita Construction Admlnfstrci.t1on Boundary & Tope Survey Paymel1t T6r1T1$: Net 30 - - - INVOICE ~ SI'l2I06 - - lnvoiee. Nnmbe~ 14851 - - Fee $16,615.00 $ 2,,000.00 $ 20,000.00 $12,600.00 $ 269.78 %, Complete, Fee Earned 30.00% , $" 4,984.50 50.00% $ 1,000.00 57.00% $ 11.300.00 0.00% $ 100.00%. $ ~69.78 Prior Biliing $ 2.492.25, $ 1,000.00 $ 11.300.00 $ , $ 259.78 Current Fee $ 2,492.25 $ $ $ $ - - $ ne.48 1 OO~(JO% s- 11SA8 $ 118:4& $ $ 451.00 100.00% $ 451.00 $ 451.00 $' $ 50~.93 100.00% $ 509.93 $ 50$.93 $ $ 11.13 100.00% $ 11.13' $ 11.1$ $ $ 165.00 100.00% $' 165.00 $' 165.00 $ Onslte Services $ - - 2,492.25 - - ~ 13,385.00 $ 9,000.00 30.00% $' 4.015.50 $, ,2,007.75 $ 100.00% S', 9,000.00 $ 9.000.00" $ Offsite Services $ 2,007.75 , 2,007;75, - TOTAL iNVOICE AMOUNT ~:5DO.OO $ - - - - May. 22. 2007 9:39AM City of LaPorte City Hall BO' 0 " HUTCHISON & ASSOCIATES ; '11: I" 1209 Decker Drive. Suite 1 00 _ 0 - Baytown, 1X 77520 . : i (281)422-8213 voWe .- - (281)420-.2717 fux INVOICE Ion Design Group -2800 N. Henderson Ave., Studio 100 Dallas, T.X 75206 A.ttn: B1yan Klein COJJiract for: 5353 Lakes at Fairmont Greens; Construction Administration. ~ Plat - 2791 Sm:vey BcnmCWy & Topo . TOTAL INVOICE AMOUNT Pay~ent Terms: Nat30 '. No. 9059 p, 14 >>m 10/3105 Invoice Number 14979 $ , 8,409.40 g LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 9. Consider approval or other action with regard to an agreement by and between the City of La Porte, Texas, and the La Porte Redevelopment Authority for the management of the La Porte Public Improvement District Number One. LA PORTE REDEVELOPMENT AUTHORITY c/o Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 AGREEMENT BY AND BETWEEN THE CITY OF LA PORTE, TEXAS, AND LA PORTE REDEVELOPMENT AUTHORITY THE STATE OF TEXAS 9 9 COUNTY OF HARRIS 9 KNOW ALL MEN BY THESE PRESENTS: This agreement (the "Agreement") is made by and between the CITY OF LA PORTE, TEXAS, a municipal corporation and a home-rule city of the State of Texas (the "City"), and the LA PORTE REDEVELOPMENT AUTHORITY, a local government corporation created and organized under the provisions of the Texas Transportation Corporation Act, Chapter 431, Subchapter D, Transportation Code and existing under the laws of the State of Texas (the "Authority"). WITNESSETH: WHEREAS, by City of La Porte Resolution No. 2007-02 authorized and established The Lakes of Fairmont Greens Public Improvement District (the "District") under the provisions of Chapter 372, Texas Local Government Code; and WHE-REAS, by City of La Porte Ordinance No. 2000-2457 approvedorrthe-Uth day of December, 2000, the City authorized the creation of the Authority pursuant to the provisions of SubchapterD of Chapter431, Texas Transportation Code and Chapter 394, Texas Local Government Code to aid, assist, and act on behalf of the City in the performance of the City's governmental functions relating to the management and administration of the PID; and WHEREAS, it is necessary for the City to use the Assessments collected for the purpose of carrying out and completing the services and improvements proposed in the Service Plan; and WHEREAS, the City desires for the Authority to aid and assist the City in collecting Assessments against benefited properties and in carrying out and completing the services and improvements proposed in the Service Plan; and HOU:2680299 _1 WHEREAS, Chapter 372, Texas Local Government Code authorizes the City to enter into a contract with the Authority for the purposes of providing management for and completing and providing the services and improvements set forth in the Service Plan and otherwise performing the functions set forth in this Agreement; and WHEREAS, the City desires to contract with the Authority to provide these services during the term of the Service Plan, and WHEREAS, the Authority was created to aid and assist the City in the manner set forth above, and the board of directors is willing to enter into a contract with the City setting forth the duties and responsibilities of the Authority and the City; NOW, THEREFORE, for and in consideration of the pretnlses and the mutual covenants and agreements herein contained, it is agreed as follows: I. Deimitions "Agreement" shall mean this Agreement and all attachments, between the City and the Authority . "Annual Service Plan" shall mean the Services to be provided pursuant to the Service Plan on an annual basis as set forth in the PID' s annual budget as approved by the City Council of the City. "Assessments" shall mean the special assessments levied by the City Council on the property in the PID that will be benefited by the Services to pay the cost of the Services. "Assessment Plan" or "Plan of Assessment" shall mean the plan and method the City uses in determining how Assessments should be levied against benefited properties in the PID in order to pay the costs and expenses of implementing the Service Plan. 2 HOU:2680299.l - - - - - - - - - - - - - - "Assessment Revenue" shall mean the Assessments, any earnings or profits realized from investing and re-investing the Assessments, and penalties and interest on collections of the Assessments. "Assessment Roll" shall mean the roll or listing of benefited properties in the PID that will be assessed for the cost of the Services to be provided by the PID in the Service Plan including a list of the amount assessed against each property, the description of each property, and the owner of each property. "Budget" shall mean an annual Budget of the Authority to be accomplished with. Assessment Revenue pursuant to the Service Plan. A Budget must be reviewed and approved by the board of directors of the Authority and the City Council of the City. "Director" shall mean the City Manager of the City of La Porte, or his or her successor or such other person designated by the Director to perform his duties hereunder. "Pill" shall mean the La Porte Public Improvement District No.1 created by the City. "Service Plan" shall mean the ongoing service plan setting forth the Services to be provided by the PID over a period of five (5) years as approved by the Counci.l offueCity. "Services" shall mean the services and improvements to be provided by the PID pursuant to the Service Plan. II. Enl!al!cment of Authority The City hereby engages the Authority, and the Authority hereby agrees to provide, furnish, or perform the services to be provided for the City with respect to the Pill pursuant to this Agreement. 3 HOU:2680299.1 ScoDe of Services bv Authority The services provided, furnished, or performed by the Authority for the management and administration of the PID and its annual or ongoing Services shall be set forth in the Service Plan and each Annual Service Plan of the PID and the Budgets of the Authority. The Services shall consist of the following: A. Services Relating: to the Service Plan. 1. The Authority will assist the City in implementing the Service Plan and in preparing Annual Service Plans to be recommended annually to the City Council. HOU:2680299.l - - III. - - - - - - Supplemental services for all the area of the PID are as follows: (i) [Insert information from Service Plan]; (ii) [Insert information from Service Plan]; (iii) [Insert information from Service Plan]; and (iv) [msert iriformation from Service Plan]. 3. Proposed improvements for the area of the PID are as follows: 2. - - - B. (i) [Insert information from Service Plan]; and (ii) [Insert information from Service Plan]. Services Relating to the Levy and Collection of Assessments. 1. The Authority shall adjust and prepare the Assessment Plan as needed and recommend it to the City; The Authority will assist the City in collection of the Assessments to be deposited to the credit of a special fund in the name of the Pill at the City - - - 2. - 4 - depository. Assessment Revenues on deposit in this special fund will be paid by the City to the Authority as provided in Article V. C. Management Program. The Authority shall perform the following administrative and management services for operation of the PID: 1. Provide the staff and administrative services that are necessary to manage the Pill and to provide or supervise the Services provided by the PID; 2. Provide management, financial; and program monitoring systems for operation of the PID; 3. Provide required reports to the City concerning operation of the PID; 4. Recruit, hire, pay, and supervise the work force that the Authority will utilize to furnish Services in the Pill; 5. Provide office space for the Authority's administrative and management personnel and an operations center for the Authority's employees and equipment, if necessary; 6. Provide staff to particIpate in private or public meetings concerrung operation of the PID; 7. Provide liaison between the Pill, the City, PID property owners, and other interested persons and groups to ensure successful operation of the PID; 8. Supervise and monitor the performance of subcontractors who are employed by the Authority; 9. Provide assistance to the City Planning Department concerning use of the Pill to complement area planning proposals and projects; 5 HOU:26&0299.1 D. Public Safety and Maintenance Program. The Authority will provide, to the best of its ability, services to make the territory of the PID safe, clean and comfortable. E. Planning, Design, and Streetscape Improvements. The Authority will endeavor to make the PID a user-friendly and enjoyable people-oriented place that is thriving with businesses and attractions. F. Marketing and Public Relations. The Authority shall establish a marketing and public relations program to: r- . [Insert marketitig fn:formationfrom ServIce Plan]; 2. [Insert marketing information from Service Plan]; and 3. [Insert marketing information from Service Plan]; G. Subcontractors. The Authority may provide the services required by this Agreement through staff, subcontractors and/or consultants. IV. 10. 11. - 12. Assist the City in briefing developers and property owners concerning proposed activities and projects that would complement private development activities in the Pill; Function as the information/complaint center for all matters relating to operation of the PID and advise the City in a timely manner of any problems with City-owned equipment or facilities in the Pill; and Provide insurance as provided in Article XIII. - - - - - - - - - - - - - The City's Duties and Responsibilities A. Duties of City. Subject to the provisions of Section N.D. hereof, the City agrees to maintain the existing level of services that the City currently provides in the PID subject to the HOU:2680299.1 - - 6 - provision of funds for these services in the City budget. The City shall also: 1. Consider the promulgation of rules and regulations pertaining to the use of the public space in the Pill after receiving the Authority's advice and assistance; 2. Provide for delinquent Assessments to bear interest and be subject to the penalties set forth in the Texas Tax Code; 3. Review and, if satisfactory, approve an annual report of delinquent property Assessments and liens thereon to be filed in the Harris County Clerk's office; and, 4. Upon the request of the Authority, the City will pursue the collection of delinquent Assessments. B. Special City Account. The City has established a separate PID fund in the City treasury into which Assessment Revenue shall be deposited (the "Special City Account"). During the term of this Agreement, Assessment Revenue shall be paid only to the Authority as nermiiprovided; nowever,-tlle Citymayretain-a~p-ortlOn- of the annuaI-Assessment Revenues-to.- pay its actual cost of administering the Pill and performing its services under this Agreement; such actual cost to be limited to the actual salary cost of the individuals performing the service plus a reasonable overhead factor times the number of hours worked performing the service plus any out-of-pocket expenses. C. Limitation of Source of Payment. The City shall have no financial obligation to the Authority other than as provided in this Agreement or in other agreements between the City and the Authority. The City's obligation to the Authority under the Agreement is limited to the Assessment Revenue collected by the City. This Agreement shall create no obligation on the 7 HOU:2680299.1 City that is payable from taxes or other moneys of the City other than the Assessment Revenue collected by the City. D. Allocated Funds~ Limitation of City's Duties. The City's duty to pay money to the Authority for any purpose under this Agreement is limited in its entirety by the provisions of this Article. The fee herein provided for shall be the entire and complete compensation of Authority for its Services and expenses in connection herewith. The Authority recognizes that under certain provisions of the Charter of the City of La Porte and Article IX, Section 5, of the Texas Constitution, the City may not obligate itself by contract to an extent in excess of an amount theretofore appropriated thereto by the City Council. The Authority further recognizes that no appropriation has been made for the purposes of this Agreement or the City services herein described for City fiscal year 2006-2007 or for any other fiscal year during the term of this Agreement and that the obligation of the City hereunder is subject to future appropriation in connection with the City's budgets for future years by the City Council in its sole discretion. - - - - - - - - - Unless and until the City Council sees fit to make an appropriation or appropriations for such - - --pUrpose, the obligation 6(tlie City to the Authoilty under tlllsAgreement,or ill-connection-With - - the subject matter hereof, can and will be limited to the total amount appropriated. v. City Payment to Authority Subject to the availability of funds in the Special City Account, the City will pay the Authority, not later than the first business day of each July in which a current, approved Budget is in effect for the Authority, all moneys then available in the Special City Account, subject to the retention by the City of administrative costs pursuant to Article IV, Section B, hereof 8 HOU:2680299.l - - - - - - provided, however, that the City shall never be obligated to pay to the Authority an amount that exceeds the amount of the approved Budget for the then-current fiscal year. A quarterly accounting of expenditures and revenues of the Authority, including its operating statements and balance sheets, shall be submitted to the Director by the forty-fifth (45th) day of the quarter following such expenditure or receipt of revenue (the "Accounting"). The City's review of the Accounting shall be limited to determining whether the expenditures are (i) authorized by the Budget and (ii) consistent with the terms of the contract pursuant to which they were incurred, and not a review to determine whether the Authority Board properly exercised its discretion in making the expenditure. VI. Bude;et. Accountine;. and Audits A. Books and Records. During the term of this Agreement, the Authority will prepare and submit to the City, by April 1 of each year (or, for the current fiscal year, the date of the final execution of this Agreement) during the term of this Agreement, its annual Budget ~ setting forth the Aullionfy's proposed expenditures during the ensUing.fiscaIyeaI~toHaccompITsh -~.- the Annual Service Plan which will include the Authority's administrative costs incurred in connection with providing services under this Agreement. Administrative costs may inClude reasonable employee salaries, travel, insurance, and other benefits expenses. The annual Budget shall also disclose the amount of all revenues available to the Authority for purposes of funding the Services and expenses outlined in the Service Plan and is subject to the review and approval of City Council. The Authority may amend (increase, decrease, or adjust) its Budget but must advise the Director of such Budget amendments; provided, however, that Budget amendments which involve an increase, decrease, or adjustment of $75,000 or more must be approved by City 9 HOU:2680299.l - Council. In the event that the City Council fails or refuses to approve the proposed budget of the Authority for the ensuing year by July 1 of that year, the Authority may continue to operate on the Budget for the previous fiscal year for a period not to exceed six (6) months. If, at the end of that period no budget has been approved by City Council, either the City or the Authority may terminate this Agreement as provided in Article XXIII hereof. Termination of this Agreement shall constitute the sole remedy of the parties under this circumstance. By its approval of this Agreement, City Council hereby approves the Authority's 2007- 2008 Budget which is attached hereto as Exhibit "A" and incorporated herein for all purposes. B. Accounts, Records, and Accounting Reports. The Authority will maintain books of records and accounts in which full, true, and proper entries will be made on all dealings, transactions, business, and matters which in any way affect or pertain to the operation of the PID, and the allocation and application of the Assessment Revenue. All such records shall be maintained in accordance with generally-accepted accounting principles and shall be clearly identified and readily accessible. The Authority shall provide free access to such books and ~ .. records, ai ail tinies, to the City or. lis ~ representatIves in order that they may examIne. arid audit- -~ .. the same and make copIes thereof. The Authority shall further allow the City and its representatives to make inspections of all work data, documents, proceedings, and activities related to this Agreement. Such right of access and audit shall continue for a period of three (3) years from the date of final payment under this Agreement. The Authority will operate on the basis of a fiscal year which begins October 1 of each year. C. Audit. At the end of each fiscal year (beginning with the fiscal year or fraction thereof during which this Agreement is executed) the Authority will have an audit prepared by an independent Certified Public Accountant for that fiscal year which shall be submitted to the - - - - - - - - - - - - - - 10 HOU:2680299.l Authority and the City within ninety (90) days after the end of the fiscal year. The Authority shall furnish copies of such audit without cost to the City. D. Authority Depository. The Authority shall have an account into which all payments made by the City pursuant to Article IV of this Agreement shall be deposited. Any moneys received from investing and reinvesting the moneys paid by the City to the Authority shall remain in this fund until used by the Authority for one of the purposes permitted by this Agreement, and may be commingled with other moneys of the Authority; provided, however, that these funds shall be accounted for separately. Moneys in this Authority account may be invested and reinvested by the Authority only in investments which would be eligible for investment by the City pursuant to the previsions of the Public Funds Investment Act (Chapter 2256, Texas Government Code). Funds on deposit in this account will be secured by the depository bank in the same manner as City funds are required to be secured at the City depository and in accordance with applicable Federal tax laws and Internal Revenue Service regulations. VII. Public Convenience and Safety A. Observance of City Ordinances. The Authority shall observe City ordinances relating to obstructing streets, keeping alleys or other rights-of-way open and protecting same, and shall obey all laws and City ordinances controlling or limiting those engaged in the work. B. Performance of Duties. The Authority shall perform its duties in a manner that will cause the least inconvenience and annoyance to the general public and the property owners, and will exercise every necessary precaution for the safety of the property and the protection of any and all persons and property located adjacent to or malting passage through said property. 11 HOU:2680299.1 - - VIII. Right of Ownership All permanent public facilities and equipment owned by City within the PID shall remain property of City, and such property shall not be disposed of by the Authority. All property and improvements purchased by the Authority shall be the property of the Authority and shall be maintained by the Authority throughout the term of this Agreement. Upon termination of this Agreement, title to all such Authority property shall immediately vest in the City without the need for further action on the part of the City. The Authority shall provide an up-to-date inventory of all of its property and improvements as an attachment to its annual budget. IX. - - - - - - - - X. City Not Liable For Delav It is expressly agreed that in no event shall the City be liable or responsible to the Authority or any other person for or on account of, any stoppage or delay in the work herein provided for by injunction or other legal or equitable proceedings, or from or by or on account of any delay for any cause over which the City has no control. - - - - - - 12 - HOU:2680299.1 XI. INDEMNITY AND RELEASE A. INDEMNITY FOR PERSONAL INJURIES. THE AUTHORITY COVENANTS AND AGREES TO, AND DOES HEREBY, DEFEND, INDEMNIFY AND HOLD THE CITY AND ITS OFFICERS AND EMPLOYEES (THE "INDEMNIFIED PERSONS"), HARMLESS FOR ALL CLAIMS, CAUSES OF ACTION, LIABILITIES, FINES, AND EXPENSES (INCLUDING, WITHOUT LIMITATION, ATTORNEYS' FEES, COURT COSTS AND INTEREST) FOR INmRY, DEATH, DAMAGE OR LOSS INmRIES, INCLUDING DEATH, TO PERSONS OR PROPERTY SUSTAINED IN CONNECTION WITH OR INCIDENTAL TO ANY PERFORMANCE UNDER THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, THOSE CAUSED BY; 1. THE AUTHORITY'S AND/OR THE AGENTS, EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, OR SUBCONTRACTORS OF THE AUTHORITY (COLLECTIVELY REFERRED TO IN NUMBEREDP.A:RAGRAPfIs 1-3, AS "THE "AUTHORITY") ACTUAL OR ALLEGED NEGLIGENCE OR INTENTIONAL ACTS OR OMISSION 2. THE INDEMNIFIED PERSONS' AND THE AUTHORITY'S ACTUAL OR ALLEGED CONCURRENT NEGLIGENCE, WHETHER THE AUTHORITY IS IMMUNE FROM LIABILITY OR NOT; AND 3. THE INDEMNIFIED PERSONS' AND THE AUTHORITY'S ACTUAL OR ALLEGED STRICT PRODUCTS LIABILITY OR STRICT 13 HOU:2680299.1 - STATUTORY LIABILITY, WHETHER THE AUTHORITY IS IMMUNE FROM LIABILITY OR NOT. THE AUTHORITY SHALL DEFEND, INDEMNIFY, AND HOLD THE INDEMNIFIED PERSONS HARMLESS DURING THE TERM OF THIS AGREEMENT AND FOR FOUR YEARS AFTER THE AGREEMENT TERMINATES. THE AUTHORITY'S INDEMNIFICATION IS LIMITED TO $500,000 PER OCCURRENCE. THE AUTHORITY SHALL NOT INDEMNIFY THE INDEMNIFIED PERSONS FOR THE INDEMNIFIED PERSONS' SOLE NEGLIGENCE. B. INDEMNITY TO CITY PROPERTY. AUTHORITY SHALL LIKEWISE INDEMNIFY AND HOLD HARMLESS THE CITY FOR ANY AND ALL INJURY OR DAMAGE TO CITY PROPERTY ARISING OUT OF OR IN CONNECTION WITH ANY AND ALL ACTS OR OMISSIONS OF AUTHORITY, ITS OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, OR INVITEES. C. RELEASE. THE AUTHORITY AGREES TO AND SHALL RELEASE THE . --~ ---- - INDEMNIFIED PERSONS FROM ALL UABItffYFOR tN.fDRY-,-DEATII,DAMAGE, OR LOSS TO PERSONS OR PROPERTY SUSTAINED IN CONNECTION WITH OR INCIDENTAL TO PERFORMANCE UNDER THIS AGREEMENT, EVEN IF THE INJURY, DEATH, DAMAGE, OR LOSS IS CAUSED BY THE INDEMNIFIED PERSONS' SOLE OR CONCURRENT NEGLIGENCE. D. CONTRACTORS. THE AUTHORITY SHALL REQUIRE ALL CONTRACTORS ENGAGED BY IT TO CONSTRUCT PROJECTS (AND THEIR SUBCONTRACTORS) TO RELEASE AND INDEMNIFY THE INDEMNIFIED PERSONS - - - - - - - - - - - - - - - 14 HOD :2680299.1 TO THE SAME EXTENT AND IN SUBSTANTIALLY THE SAME FORM AS ITS RELEASE OF AND INDEMNITY TO THE INDEMNIFIED PERSONS HEREUNDER. E. Indemnification Procedures. 1. Notice of Claims. If the Indemnified Persons or the Authority receives notice of any claim or circumstances that could give rise to an indemnified loss, the receiving party shall give written notice to the other party within 10 days. The notice must include the following: a. A description of the indemnification event in reasonable detail; b. The basis on which indemnification may be due; and c. The anticipated amount of the indemnified loss. This notice does not estop or prevent the Indemnified Persons from later asserting a different basis for indemnification or a different amount of indemnified loss than that indicated in the initial notice. If the Indemnified Persons do not provide this notice within the 10 day period, they do not waive any right to indemnification except to the extent that the Authority is prejudiced, suffers loss, oimcursexp-ense- because of the delay. 2. Defense of Claims. a. Assumption of Defense. The Authority may assume the defense of the claim at its own expense with counsel chosen by it that is reasonably satisfactory to the Indemnified Persons. The Authority shall then control the defense and any negotiations to settle the claim. Within 10 days after receiving written notice of the indemnification request, the Authority must advise the Indemnified Persons as to whether or not it will defend the claim. If the 15 HOU:2680299.1 F. Authority does not assume the defense, the Indemnified Persons shall assume and control the defense, and all defense expenses constitute an indemnification loss. b. Continued Participation. If the Authority elects to defend the claim, the Indemnified Persons may retain separate counsel at their own expense to participate in (but not control) the defense and to participate in (but not control) any settlement negotiations. The Authority may settle the claim without the consent or agreement of the Indemnified Persons, unless the settlement (i) would result in injunctive relief or other equitable remedies or otherwise require the Indemnified Persons to comply with restrictions or limitations that adversely affect the Indemnified Persons; (ii) would require the Indemnified Persons to pay amounts that the Authority does not fund in full; or (iii) would not result in the Indemnified .PersoIls' full and complete release from allliabilltY to-fueplamtlffs-n or claimants who are parties to or otherwise bound by the settlement. Insurance Requirements. Insurance coverage specified herein constitutes the minimum requirements and said requirements shall in no way lessen or limit the liability of the Authority under the terms of this Agreement. The Authority shall procure and maintain, at its own cost and expense, any additional kinds and amounts of insurance that, in its own judgment, may be necessary in connection with its performance of its obligations under this Agreement. 16 HOU:2680299.l ... - - - - - - - .. - - G. Subordinate Obligation. The obligations of the Authority imposed by this Article are subordinate to the Authority's obligation to pay the principal of and interest on bonds and notes, if any. H. Payment from Assessments. All costs or obligations of the Authority imposed by this Article may be paid from proceeds from insurance or, to the extent provided by law, Assessments. XII. Indeuendent Contractor It is expressly understood and agreed that the Authority shall perform all work and Services described herein as an independent contractor and not as an officer, agent, servant, or employee of the City; that except as herein provided, the Authority shall have exclusive control of and the exclusive right to control the details of the Services and work performed hereunder, and all persons performing the same; and shall be solely responsible for the acts and omissions of its officers, agents, employees, contractors, and subcontractors; that the doctrine of respondeat . supenor sIiaJTnot apply asbetweeIl CitY ailu.fue AuthontY, itii~officers,-agents, -employees, contractors, and subcontractors; and that nothing herein shall be construed as creating a partnership or joint enterprise between City and the Authority. No person performing any of the work and Services described hereunder shall be considered an officer, agent, servant, or employee of the City. XIll. Insurance The Authority shall obtain and maintain insurance coverage continuously during the term of this Agreement, and the Authority shall contract with each contractor engaged by it hereunder 17 HOU:2680299.l - to maintain (and to cause each of its subcontractors to maintain) insurance coverage during the term of its contract, in each case in accordance with the terms of this Article through any combination of primary and excess coverage and, in the case of "claims made" coverage, for an additional two years thereafter. A. Risks and Limits of Liability. The insurance required by this Article shall insure against the following risks in at least the following amounts: - Coverage Workers' Compensation Limit of Liability Statutory - Employer's Liability Bodily Injury by Accident $1 00,000 (each accident) - Bodily Injury by disease $500,000 (policy limit) Bodily Injury by Disease $100,000 ( each employee) - Commercial General Liability: Including Broad Form Coverage, Contractual Liability, Bodily and Personal Injury, and Completed Operations (for a period of one year after completion of work) Bodily Injury and Property Damage, Combined Limits of $500,000 each Occurrence and $1,000,000 Aggregate - - - AUtomobIle UabTIitYInsurance (for vehicles used in performing under this Agreement, including Employer's Non-Ownership and Hired Auto Coverage) $-s-OO;-OOOCombmedSingIe Imui per-Occurrence- - .... Professional Liability Coverage (for professional service contract only) $500,000 per occurrence $1,000,000 aggregate - - Defense costs are excluded from the face amount of the policy. Aggregate Limits are per 12-month policy period unless otherwise indicated. If the amount of any contract awarded by the Authority to construct a particular project shall - exceed $1,000,000, the Authority shall contract with the contractor to maintain Commercial - General Liability coverage for at least twice the combined minimum limits specified above. - 18 HOU:2680299.l B. Form of Policies. The Director may approve the form of the insurance policies, but nothing the Director does or fails to do relieves the Authority of its obligation to provide the required coverage under this Agreement. The actions or inactions of the Director do not waive the City's rights under this Agreement. C. Issuers of Policies. The issuer of each policy shall have a certificate of authority to transact insurance business in Texas or a Best's rating of at least B+ and a Best's Financial Size Category of Class VI or better, according to the most current edition of Best's Key Rating Guide, Property-Casualty United States. D. Insured Parties. Each policy, except those for Workers' Compensation, Employer's Liability, and Professional Liability, must name the City (and its officers, agents, and employees) as additional insured parties on the original policy and all renewals or replacements. E. Deductibles. The Authority shall be responsible for and bear (or shall contract with each applicable contractor to bear and assume) any claims or losses to the extent of any deauctlt)[c aIDountsand waives {andshallconiracCWith each contractor to waEre)any Clallii it ------ _~u_ may have for the same against the City, its officers, agents, or employees. F. Cancellation. Each policy must state that it may not be canceled, materially modified, or nonrenewed unless the insurance company gives the Director 30 days' advance written notice. The Authority shall (and shall contract with each contractor to) give written notice to the Director within five days of the date can which total claims by any party against such person reduce the aggregate amount of coverage below the amounts required by this Agreement. In the alternative, the policy may contain an endorsement establishing a policy aggregate for the particular project or location subject to this Agreement. 19 HOU:2680299.l - G. Subrogation. Each policy must contain an endorsement to the effect that the issuer waives any claim or right of subrogation to recover against the City, its officers, agents, or employees. H. Primary Insurance Endorsement. Each policy, except Workers' Compensation and Professional Liability (if any), must contain an endorsement that the policy is primary to any other insurance available to the additional insured with respect to claims arising under this Agreement. I. Liability for Premium. The Authority shall pay, from Assessments or other available funds, (or shall contract with contractors to pay) all insurance premiums for coverage required by this Article, and the City shall not be obligated to pay any premiums. J. Subcontractors. Notwithstanding the other provisions of this Article, the amount of coverage contracted to be provided by subcontractors shall be commensurate with the amount of the subcontract, but in no case less than $100,000 per occurrence. The Authority shall provide (or shall contract with contractors to provide) copies of insurance certificates to the Director. K. Proof of Insurance. Promptly-after the execution of this Agreement and fronitmie to time during the term of this Agreement at the request of the Planning Director, the Authority shall furnish the Planning Director with certificates of insurance maintained by the Authority in accordance with this Article along with an affidavit from the Authority confirming that the certificates accurately reflect the insurance coverage maintained. If requested in writing by the Director, the Authority shall furnish the City with certified copies of the Authority's actual insurance policies. Failure of the Authority to comply with the requirements of this Article shall constitute an event of default and the Director, at his or her sole discretion, may (1) suspend performance by the City hereunder and begin procedures to terminate this Agreement for default - - - - 20 HOU:2680299.1 pursuant to Article XXIII hereof, or (2) purchase the required insurance with City funds and, notwithstanding the provisions of Article V of this Agreement, deduct the cast of the premiums from amounts due to the Authority under this Agreement. The City shall never waive or be estopped to assert its right to terminate this Agreement pursuant to Article XXIII hereof because of its acts or omissions regarding its review of insurance documents. L. Other Insurance. If requested by the Director, the Authority shall furnish adequate evidence of Social Security and Unemployment Compensation Insurance, to the extent applicable to the Authority's operations under this Agreement. XlV. Law to Be Observed The Authority at all times shall observe and comply with all federal and state laws, local laws, ordinances, orders, and regulations of the federal, state, county, or city governments. The federal, state and local laws, ordinances, and regulations which affect those engaged or employed in the work, or the equipment used in the work, or which in any way affects the conduct of the --work, shall be at all times in effect, aiicl no pfeas-ormlsunderstandirlg-shaIlbe~ conSIdered on account of ignorance thereof. xv. Permits Before proceeding with the work hereunder, the Authority shall obtain and pay for any necessary permits and licenses, whether issued by the state, county, or city, and upon the Director's request, furnish proof thereof. 21 HOU:2680299.l - XVI. Information The Authority shall, at such times and in such form as City may require, furnish periodic information concerning the status of the Authority, the PID, and the performance of its obligations under the Agreement, and such other statements, certificates and approvals relative to the Authority and the PID as may be requested by the City. XVII. Borrowin2 To the extent permitted by law, the Authority shall have the authority to borrow money and to pledge or assign the money it will receive under this Agreement to secure any such borrowing. The City consents to the assignment and pledge of the money it will receive under this Agreement if the Authority Board and the Planning Director consent to the assignment and pledge and approve the terms and conditions of the instruments assigning or pledging the proceeds to be received by the Authority pursuant to this Agreement. XVITI. - - - - - - Coordination with City Officials Authority will coordinate its activities with the City Departments involved or providing services to the PID including, but not limited to: A. B. e. D. E. HOU:2680299.1 - - Planning Department Public Works Department Parks and Recreation Department Police Department Fire Department - - - - 22 Nothing in this Agreement is intended to confer upon the Authority the right to use, improve, or service any City property without the approval of the director of the affected City department. XIX. Address and Notice Any and all notices and communications under this Agreement shall be mailed by first- class mail, or delivered, to the Authority at the following address: La Porte Redevelopment Authority c/o David Hawes Hawes Hill Calderon LLP 2500 Tanglewilde, Suite 260 Houston, Texas 77063 Any and all notices and communications under this Agreement shall be mailed by first- class mail, or delivered, to the City at the following address: City Manager City of La Porte, Texas City of La Porte City Hall 604 West Fairmont Parkway - -Ea P5rte,-Texas-7757T--- xx. Applicable Laws This Agreement is made subject to the Constitution and laws of the State of Texas and the Charter of the City. XXI. Captions The captions at the beginning of the Articles of this Agreement are guides and labels to assist in locating and reading such Articles, and, therefore, will be given no effect in construing 23 HOU:2680299J - this Agreement and shall not be restrictive of the subject matter of any article, section, or part of this Agreement. XXII. - Successors and Assims This Agreement shall bind and benefit the respective parties and their legal successors, and shall not be assignable, in whole or in part, by any party hereto without first obtaining the written consent of the other party. Nothing herein shall be construed a creating any personal liability on the part of any officer or agency of the City. XXIII. - - - - Term and Termination A. In General. The initial term of this Agreement shall begin on the Date of Countersignature and end upon the earliest to occur of 1) dissolution of the PID; 2) when all Assessments have been levied and all projects and Services have been completed in accordance with the Service and Assessment Plans, or 3) the end of fifteen (15) years from the effective date of tlllsagreement. -. ...---- B. Termination for Cause. A party may terminate its performance under this Agreement without cause or upon default by the other party. Default by a party shall occur if the party fails to perform or observe any of the terms and conditions of this Agreement required to be performed or observed by that party. Should such a default occur, the party against whom the default has occurred shall have the right to terminate all or part of its duties under this Agreement as of the 30th day following the receipt by the defaulting party of a notice describing such default and intended termination, provided: (i) such termination shall be ineffective if within said 3D-day period the defaulting party cures the default or (ii) such termination may be - - - - 24 HOU:2680299.1 stayed, at the sole option of the party against whom the default has occurred, pending cure of the default. XXIV. Amendment or Modifications Except as otherwise provided in this Agreement, this Agreement shall be subject to change, amendment, renewal or modification only by the mutual written consent of the parties hereto. IN TESTIMONY OF WHICH this instrument has been executed can behalf of the Authority and the City in duplicate originals which shall be considered of equal force and effect. DATED this _ day of ,2007. CITY OF LA PORTE, TEXAS LA PORTE REDEVELOPMENT AUTHORITY Chairman of the Board of Directors Mayor Date: Date: ATTEST: ATTEST Secretary (SEAL) City Secretary (SEAL) 25 HOU:2680299.1 LA PORTE REDEVELOPMENT AUTHORITY, CITY OF LA PORTE, TEXAS IQ AGENDA MEMORANDUM TO: La Porte Redevelopment Authority Board of Directors FROM: Executive Director DATE: May 21,2007 SUBJECT: Agenda Item Materials 10. Consid~r approval or other action with regard to Authority invoices. LA PORTE REDJ;:VELOPMENT AUTIlORITY clo Hawes Hill Calderon LLP P.O. Box 22167 Houston TX 77227-2167 713-541-0447 or FAX 713-541-9906 HAWESHlllCAlDERON LLP P.O. Box 22167 Houston TX 77227-2167 Bill To: TIRZ - # 1 - City of La Porte 604 W. Fairmont Pkwy. La Porte, TX 77571 Invoice Invoice #: 00002677 Date: 5/22/2007 Page: 1 I I DATE DESCRlPTION AMOUNT I I I Project Management Services, May 2007 $2,000.00 I 5/24/2007 Board of Directors Meeting $1,500.00 Sales Tax: $0.00 Total Amount: $3,500.00 Amount Applied: $0.00 I Balance Due: $3,500.00 I Terms: C.O.D.