HomeMy WebLinkAbout02-02-12 Meeting of the La Porte Redevelopment AuthorityLa Porte Redevelopment Authority,
City of La Porte, Texas
Minutes of the Board Meeting
Held February 2, 2012
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 2" d day of February, 2012; 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 Pfeiffer, Porter and Graham, thus constituting a
quorum. Also present at the meeting were Stacey Osborne, and David Hawes,
2. Consider approval of the minutes of Board of Directors Meeting held on August 17, 2011.
Upon motion made by Director Antone, seconded by Director Turnquist, the board voted
unanimously to approve minutes as presented.
3. Receive and consider proposals from audit firms to conduct the La Porte Redevelopment
Authority FY 2011 Audit.
Mr. Hawes reviewed the two proposals submitted to the Redevelopment Authority with the
board. Upon motion made by Director Antone, seconded by Director Meza, the board voted
unanimously to approve the McCall Gibson, LLC to conduct the FY 2011 Audit.
4. Approve Collateral Assignment of Development Agreement.
Mr. Hawes reviewed with the board a Collateral Assignment Agreement of Development
Agreement on behalf of Port Crossing Land, LP to The Northern Trust Company. The
Developer refinanced their project with a new bank and an assignment is required. Upon motion
made by Director Leopard, seconded by Director Turnquist, the board voted unanimously to
approve the Collateral Assignment of development agreement as presented.
5. Consider approval of invoices.
Mr. Hawes presented the invoices. Upon a motion made by Director Tumquist, and being
seconded by Director Antone, the board unanimously approved payment of the invoices.
6. Board comments ---None were offered.
7. Adjournment. Acting Chairman Martin adjourned the meeting at 6:50 PM
SIGNED: ATTEST: l&�
TITLE: o iV TITLE: CXZ'('Yt`y
DATE: q 't L _DATE: '/ 1 1'