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Home My WebLink About04-27-05 Meeting of the Tax Increment Reinvestment Zone Number One minutes La Porte Tax Increment Reinvestment Zone Number One, City of La Porte, Texas Minutes of the Board Meeting Held April 27, 2005 1. CALL TO ORDER AND DETERMINATION OF A QUORUM The Board of Directors of the Tax Increment Reinvestment Zone Number One, City of La Porte, Texas, and the La Porte Redevelopment Authority, City of La Porte, Texas held a meeting, open to the public, on the 27th day of April 2005, and meeting was called to order at 6:30 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 11 Meza Molly Helmlinger Chester Pool Lin Pfeiffer Position 1 Position 2 Position 3 - Chairman Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 and all of the above were present except Director Helmlinger, thus constituting a quorum. Also present at the meeting were John Joerns, Michael Dolby and Melisa Lanclos. 2. ADMINISTER OATH OF OFFICE Oath of Office was administered by Melisa Lanclos, City of La Porte Secretary and Notary, to Board Members Dave Turnquist, Doug Martin and Lin Pfeiffer. 3. ACKNOWLEDGE RE-STATED APPOINTMENTS Chairman Porter acknowledged the re-stated appointments of Horace Leopard, 11 Meza and Chester Pool. The board chair closed the Tax Increment Reinvestment Zone Number One meeting after acknowledgement of appointments at 6:35 p.m. and opened again at 7:48 p.m. 4. CONSIDER ApPROVAL OF MINUTES OF THE MEETING HELD SEPTEMBER 22, 2004 Upon a motion duly made by Director Meza and being seconded by Director Antone, the board unanimously approved the minutes of September 22, 2004. 5. CONSENT AGENDA A. REVIEW ANNUAL AUDIT FOR LA PORTE TAX INCREMENT REL~VESTMENT ZONE NUMBER ONE FUND FY ENDING SEPTEMBER 30,2004 B. RECEIVE AND REVIEW ACTIVITY REPORT FOR 2004 TAX YEAR C. REVIEW AND CONSIDER APPROVAL OF SERVICE AGREEMENT BEY AND BETWEEN THE CITY OF LA PORTE, TEXAS, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, LA PORTE, TEXAS AND THE LA PORTE REDEVELOPMENT AUTHORITY, LA PORTE, TEXAS D. STAFF REPORTS . Report on Lakes at Fairmont Greens · Discuss proposed development on east and west sides of SH146 · Discuss proposed legislation affecting Tax Increment Reinvestment Zones E. ADJOURNMENT Upon a motion duly made by Director Pfeiffer and being seconded by Director Pool, the board unanimously approved the agenda items in same _jnner andJorm as approved in the Redevelopmen Authori Board Meeting and adjourned at 7:50 PM. :::~ ~~ ATTEST: .thlL ~- ;~ ()) TITLE: DATE: y -,3 .-0 c;- - DATE: La Porte Tax Increment Reinvestment Zone Number One, City of La Porte, Texas Minutes of the Board Meeting Held April 27, 2005 1. CALL TO ORDER AND DETERMINATION OF A QUORUM The Board of Directors of the Tax Increment Reinvestment Zone Number One, City of La Porte, Texas, and the La Porte Redevelopment Authority, City of La Porte, Texas held a meeting, open to the public, on the 27th day of April 2005, and meeting was called to order at 6:30 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 11 Meza Molly Helmlinger Chester Pool Lin Pfeiffer Position 1 Position 2 Position 3 - Chairman Position 4 Position 5 Position 6 Position 7 Position 8 Position 9 and all of the above were present except Director Helmlinger, thus constituting a quorum. Also present at the meeting were John Joerns, Michael Dolby and Melisa Lanclos. 2. ADMINISTER OATH OF OFFICE Oath of Office was administered by Melisa Lanclos, City of La Porte Secretary and Notary, to Board Members Dave Turnquist, Doug Martin and Lin Pfeiffer. 3. ACKNOWLEDGE RE-STATED APPOINTMENTS Chairman Porter acknowledged the re-stated appointments of Horace Leopard, 11 Meza and Chester Pool. The board chair closed the Tax Increment Reinvestment Zone Number One meeting after acknowledgement of appointments at 6:35 p.m. and opened again at 7:48 p.m. 4. CONSIDER ApPROVAL OF MINUTES OF THE MEETING HELD SEPTEMBER 22, 2004 Upon a motion duly made by Director Meza and being seconded by Director Antone, the board unanimously approved the minutes of September 22, 2004. 5. CONSENT AGENDA A. REVIEW ANNUAL AUDIT FOR LA PORTE TAX INCREMENT REINVESTMENT ZONE NUMBER ONE FUND FY ENDING SEPTEMBER 30, 2004 B. RECEIVE AND REVIEW ACTIVITY REPORT FOR 2004 TAX YEAR C. REVIEW AND CONSIDER APPROVAL OF SERVICE AGREEMENT BEY AND BETWEEN THE CITY OF LA PORTE, TEXAS, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, LA PORTE, TEXAS AND THE LA PORTE REDEVELOPMENT AUTHORITY, LA PORTE, TEXAS D. STAFF REPORTS . Report on Lakes at Fairmont Greens . Discuss proposed development on east and west sides of SH146 . Discuss proposed legislation affecting Tax Increment Reinvestment Zones E. ADJOURNMENT Upon a motion duly made by Director Pfeiffer and being seconded by Director Pool, the board unanimously approved the agenda items in samc~Jer a~d as approved in the Redevelopmen Authori Board Meeting and adjourned at 7:50 PM. // l .&. ATTEST: SIGNED: TITLE: TITLE: DATE: Y-.3.-oc; - DATE: ~- '3'- 0) NOTE: TIRZ Agenda backup provided with La Porte Redevelopment Authority Agenda o ro ;1 o=+; ;:+ ro' '< c.. O:l> -(0 rro 0> :J -oc.. o 0> ::1.0 ro- ~o> ro:5: xrocn ~~m co:J> o(Or- o>om a::c 0::T _roC Ora :::;.0> (') ro-oc uos: Q::1.m (J) ro ::T:;Oz roro-f - c.. c..ro :l>< c ro (00 c"'O ~3 wro ~ :J N..... o:l> Oc (]1..... .::T o .... ;:+ ':< 6':t>;:u:t> ~.9:CllC. o' (,) (")~. :J c: 0 g -13~" III _Cll:::J ~\lJ ffi ~ ? Jlr~ ., III c: CD -o~. ;:uQCll 8.CD(J) Cll ::u rn < Cll en ~ c. o' .g~? ~ Cll roO :::J"O ~3 :t>Cll c: :::J :r);: Q c: ~:T o s: ~. Cll-< ~~ :::J Cll CA~ S' <A .- ~ 6 (J "'d ~ :=;,: ~ ~'< ...... 0 !p'T1i-h III ":"'3 ..... r-' ~ 9 ~ ~ 0 "'tl ~. ~ 0 " ..... '"t '-l"'d.... Vl",,1'D ';::1;: ';2 City of La Porte Interoffice Memorandum CONFIDENTIAL To: TIRZ I La Porte Redevelopment Bo rd From: John Joerns, Assistant City M cc: Mayor and Council Debra B. Feazelle, Ex-Officio Cynthia Alexander, Ex-Officio Knox Askins, Ex-Officio David Hawes, Board Consultant Date: July 28, 2005 Subject: Lakes at Fairmont Green (Arete Development) Previous Memorandum dated June 1, 2005 Re: At this point it is my understanding that Arete Development has secured the funding for development ofthe subdivision. The funding is based on; o Successfully establishing a PID o Securing other funding source(s) for the trunk sewer main This will obviously need to be confirmed (Mr. Fogarty is out of town). As discussed in previous memorandum, the staff will visit with Council about the possibility of funding the trunk main and entering into a reimbursement agreement with the TIRZ/Redevelopment Authority. ]Jlml City of La Porte Interoffice Memorandum To: TIRZ / La Porte Redevelopment Mayor and Council From: John Joerns, Assistant City cc: Debra B. Feazelle, Ex-Officio Cynthia Alexander, Ex-Officio Knox Askins, Ex-Officio David Hawes, Board Consultant Date: June 1,2005 Subject: Various Follow Ups Follow up from Last Meeting At the last TIRZ Board meeting I noted I would provide you with the total amount of delinquent taxes within the zone. The numbers include penalty and interest. As of April 27. 2005 T AX YEAR Prior to 2004 2004 Total LPISD $107,522.09 $33,650.04 $141,172.52 CITY $56,909.60 $13,871 $70.781.31 Please note that some of these amounts may pre-date the creation of the TIRZ and therefore, may not represent potential revenues due the TIRZ. We also discussed the possibility of moving the City and LPISD annual report to June-July timeframe because of the tendency for collection rates to improve. After reviewing our documentation I see no reason why we don't move that item. My suggestion would be the "Annual Meeting" - the first Wednesday in August. New Chairman - See attached Letter Congratulations Lindsay! At this point Mayor Alton Porter remains on the Board. Proposed Residential Development Mr. Fogarty's loan was denied by a second bank. The issue is the significant up front costs with no profit from TlRZ reimbursements projected until 2008- '09. David Hawes and I will visit with Mr. Fogarty regarding some ideas to improve the situation. Current ideas are: ORe-thinking the phasing of the development. Going North to South (or some middle variation) to reduce up front costs. o Visit with City Council to discuss possibility of the City absorbing the trunk sewer and lift station costs and having the TIRZ reimburse the City. Development of Property West of SH 146 The acreage involved in the suit o No settlement agreement in sight o Depositions taken o Anticipate court ordered mediation Acreage west of 16th Street (Powell Road) not in lawsuit Russell Plank of National Property Holdings would like to meet and make a presentation to the Board. It appears he will be building a warehouse for Frontier Logistics and may be involved in some other future development. Eventually we would discuss TIRZ participation for this area. Town homes along Broadwav (Block 1261) adiacent to 1st Fairway and 3.58 Ac tract at southwest comer of Wharton Weems & Broadway I have assisted the proposed developer with some "out of the box" thinking on drainage issues to improve potential lot yield. After some additional research with city staff I anticipate he will want to address the Board regarding TIRZ participation. Hawes Hill & Calderon The firm has prepared an annual report for us to send to the Texas Comptroller's office and the participating taxing jurisdictions. All for now! JJ/ml