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2000-01-10 TAX INCREMENT REINVESTMENT ZONE NO. 2 BOARD MEETING MINUTESMINUTES OF THE BOARD OF DIRECTORS MEETING Tax Increment Reinvestment Zone Number Two CITY OF PEARLAND, TEXAS January 10, 2000 The meeting of the Board of Directors ("Board") of the Tax Increment Reinvestment Zone Number Two ("Zone"), City of Pearland, Texas, was held in the Council Chambers of Pearland City Hall, located at 3519 Liberty Drive, Pearland, Texas, on Monday, January 10, 2000, at 4:30 p.m. The meeting was open to the public. Board Members in Attendance: Nigel Harrison, Chair Gary Cools, Vice Chair Mike Pyburn, Secretary James McFeron Larry Loessin Bobby Verdine John Knox City of Pearland Representatives in Attendance: Hon. Tom Reid Alan Mueller Michael Ross Public in Attendance: David Hamilton — Huitt-Zollars, Inc. Tom King — Huitt-Zollars, Inc. Dave McNamara — Hanscomb, Inc. Ken Busby — Busby & Associates, Inc. Dallas Morris — Busby & Associates, Inc. Bill McCulley - Busby & Associates, Inc. Bradley Jenkins — Jones & Carter, Inc. Brian Jordan — Jones & Carter, Inc. 1. Introduction. Board Members Not in Attendance: Jim DeShazer Sonny Corley Consultants in Attendance: Lynne Humphries — Vinson & Elkins Patti Joiner - Knudson & Associates Charles Knight - Knudson & Associates John Perry — LJA Engineering & Surveying, Inc. David Tinney - LJA Engineering & Surveying, Inc. Mark McGrath — Null-Lairson, P.C. Bob DeForest — KGA/DeForest Design The Chair, Nigel Harrison, welcomed those in attendance. 2. Call the meeting to order, take attendance and verify that a quorum in present. The Chair, Nigel Harrison called the meeting to order at 4:35 p.m. and tools attendance. The following Board Members were present: 1. Bobby Verdine 2. Nigel Harrison 3. Gary Cook 4. James McFeron 5. Larry Loessin 6. John Knox 7. Mike Pyburn Board Members Sonny Corley and Jim DeShazer were not in attendance. 1. Discuss and approve minutes of the December 6,1999 Board meeting. Following discussion, Board Member Pyburn moved that the Board approve the minutes of the December 6, 1999 meeting without revision. Board Member Knox seconded the motion. The Board unanimously approved the motion. 2. Project report from the City; take appropriate action. Michael Ross reported that design work for the far Northwest sewer line project was 90 percent complete. Mr. Ross continued to say that work on the 16" water line from Kirby to Chocolate Bayou was 80 percent complete and would be completed in the first half of February. Design work on the 20" water line along McHard Road was 50 percent complete, with bids expected to completed in April 2000. 5. Discuss and take necessary action regarding letter financing agreement for TIRZ Improvements — Village 1, Phase 1A Project (00-01-001). David Tinney of LJA Engineering and Surveying, Zone Engineers, requested that this item be tabled until the next meeting in order to allow time for further review of the project numbers. Following discussion, Board Member Loessin moved that the Board table consideration of this item until the next Board meeting. Vice Chair Cook seconded the motion. The Board unanimously approved the motion. 6. Discuss and take necessary action regarding selection of Zone Construction Auditor. The Board heard presentations by the candidate construction auditing firms of Busby & Associates, Inc., Jones & Carter, Inc., Hanscomb, Inc. and Huitt-Zollars, Inc. Ken Busby and Dallas Morris presented on behalf of Busby & Associates, Inc., Bradley Jenkins and Brian Jordan presented on behalf of Jones & Carter, Inc., Dave McNamara presented on behalf Hanscomb, Inc. and Dave Hamilton and Tom King presented on behalf of Huitt-Zollars, Inc. Following discussion, Board Member McFeron moved that the Board select Huitt-Zollars, Inc. as construction auditor for the Zone. Board Member Loessin seconded the motion. Board Members Loessin, Pyburn, Harrison, Verdine and McFeron voted to select Huitt-Zollars, Inc as constuction auditor for the Zone. Board Member Knox voted against the selection of Huitt- Zollars, Inc. Vice Chair Cook abstained form the vote. As a result, Huitt-Zollars, Inc. was selected as construction auditor to the Zone by a vote of five to one with one abstention. Presentation of development budget report. David Tinney led a discussion of the format for this monthly development budget report. The Board requested that the Zone Engineer add the following to the budget report: 1. a percent complete column; 2. an adjusted TIRZ budget column; 3. a box demonstrating cumulative inflation adjustment. No Board action was taken. 8. Project Report from the Developer; take appropriate action. Vice Chair Cook of Shadow Creek Ranch Development Company, L.P. reported on development activities to date. Specifically, Cook stated the bid documents for the Primary Entry Monumentation were being revised due to the fact that the bids that were received for the project came in higher than were expected. He also stated that the plans for Village 1, Phase IA had been submitted to the City for its review. 9. New Business. Patti Joiner of Knudson & Associates, Zone Administrator, brought a letter from Brazoria Drainage District Number 4 concerning drainage issues to the attention of the Board. Alan Mueller reported that the City planned to meet with the Drainage District on January 13'". Board Chair Harrison requested that a letter be sent to the Drainage District addressing their concerns as they relate to the City. Board Member Pyburn reminded the Board that Alvin ISD was planning to put a $58 million bond issue before voters on February 12, which included site selection for a new high school. The Board decided it meet next on February 14, 2000. 10. Any other matters which may properly come before the Board. No other business was brought before the Board. 11. Adjournment. Board Member Pybum moved that the meeting be adjourned. Board Member McFeron seconded the motion, and the Board unanimously voted to adjourn the meeting at 6:15 p.m. Approveo: #/9 - Mike Mike yburn, k oard Secretary Tax Increment Reinvestment Zone Number Two City of Pearland, Texas