HomeMy WebLinkAbout04-27-11 Meeting of the La Porte Redevelopment Authority minutes La Porte Redevelopment Authority,
City of La Porte, Texas
Minutes of the Board Meeting
Held April 27, 2011
1. Call to order - Lindsay Pfeiffer, President
The Board of Directors of the La Porte Redevelopment Authority, City of La Porte, Texas, held a
meeting, open to the public, on the 27 day of April, 2011; the meeting was called to order at
6:35 p.m. in the City Council Chambers of the City council conference Room, 604 West
Fairmont Parkway, La Porte, Texas: and the roll was called of the duly appointed members of the
Board, to wit:
Peggy Antone Position 1
Dave Turnquist Position 2
Alton Porter Position 3
Horace Leopard Position 4
Doug Martin Position 5
JJ Meza Position 6
Lloyd Graham Position 7
Chester Pool Position 8
Lin Pfeiffer Position 9 - Chairman
and all of the above were present except Director Martin, Meza and Graham, thus e gist iu.iiilg
quorum. Also present at the meeting were Pete Harmon, Ryan Lovell, Stacey Osborne, and
David Hawes.
2. Consider approval of the minutes of Board of Directors Meeting held on August 25, 2i l4.
Upon motion made by Director Antone, seconded by Director Turnquist, the board voted
unanimously to approve minutes as presented.
3. Consider Approval of the La Porte Redevelopment Authority FY 2010 Audit.
Mr. Hawes reviewed the audit with the board. Note Four of the audit did not accurately reflect
the total reimbursements to date made Port Crossing LP. Upon motion made by Director Porter,
seconded by Director Leopard, the board voted unanimously to approve the FY 2010 Audit as
presented and corrected by the board.
4. Receive staff report and updates with regard to Port Crossing, Lakes on Fairmont Green,
Retreat at Bay Forrest Development Project, and Preserve at Taylor Bayou.
The Staff and developer apprised the board of their meetings with regard to Lakes on Fairmont
Green and issues related to its development. The Port Crossing representatives gave the board an
update with regard to their project. No action was taken.
5. Consider request from Port Crossing for an amendment to Development Agreement
extending the interest receipt term by three additional years.
Mr. Hawes presented an agenda memorandum to the board with regard to amending the developer's
agreement with Port Crossing to increase the number of years for interest earned on the public
improvement cost expenses from five years to eight years. The board discussed the matter and asked
several questions. Upon a motion made by Director Porter, and being seconded by Director
Turnquist, the board unanimously approved the amendment to the developer's agreement.
6. Consider approval of invoices.
Mr. Hawes presented the invoices. Upon a motion made by Director Leopard, and being
seconded by Director Antone, the board unanimously approved payment of the invoices.
7. Board comments -- -None were offered.
8. Adjournment. The Chairman adjourned the meeting at 7:16 PM
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