Memorial City Redevelopment Authority Board of Directors and TRZ 17 met Dec. 7

Memorial City Redevelopment Authority Board of Directors and TRZ 17 met Dec. 7.

Here are the minutes provided by the board:

MINUTES OF THE JOINT MEETING OF THE TIRZ 17 REDEVELOPMENT AUTHORITY/MEMORIAL CITY REDEVELOPMENT AUTHORITY and TAX REINVESTMENT ZONE NUMBER SEVENTEEN, CITY OF HOUSTON, TEXAS BOARD OF DIRECTORS

ESTABLISH QUORUM AND CALL MEETING TO ORDER.

The Board of Directors of the TIRZ 17 Redevelopment Authority/Memorial City Redevelopment Authority and Tax Reinvestment Zone Number Seventeen, City of Houston, Texas, held a regular joint meeting open to the public on Tuesday, December 7, 2021, at 8:00 a.m., and open to the public via

videoconference, and the roll was called of the duly appointed members of the Board, to-wit:

Position 1 -Andy Iversen

Position 2 - John Rickel, Vice-Chair

Position 3 - David P. Durham, Secretary

Position 4 – Ann T. Givens, Chair

Position 5 - Zachary R. Hodges, Asst. Secretary

Position 6 - Brad Freels

Position 7 - Dan Moody III

and all of the above were present, with the exception of Director Hodges, thus constituting a quorum. Also present were Scott Bean, and Linda Clayton, Hawes Hill & Associates, LLP; Jessica Holoubek, Allen Boone Humphries Robinson, LLP; and Pat Hall, ETI Bookkeeping Services. Others attending the meeting were Jennifer Curley, COH - Economic Development Dept.; Council Member Greg Travis, District G; Ben Gillis and Pat Walters, both of Memorial Management District; Karen Glynn, City of Bunker Hill; Muhammad Ali, Gauge Engineering; Bruce Nichols; Lois Myers; Emily Anderson; Monica Aizpurua; Frank Marina; Eric Hall; and Nathan Seshadri. Chair Givens called the meeting to order at 8:02 a.m.

RECEIVE PUBLIC COMMENTS.

Public comments were received from Bruce Nichols.

APPROVE MINUTES OF THE OCTOBER 26, 2021, REGULAR MEETING.

Upon a motion made by Director Durham, and seconded by Director Rickel, the Board voted unanimously to approve the Minutes of the October 26, 2021, Board meeting, as presented.

RECEIVE FINANCIAL AND BOOKKEEPER'S REPORT, INCLUDING APPROVAL OF PAYMENT OF INVOICES, REVIEW OF INVESTMENTS, AND PROJECT CASH FLOW REPORTS.

Ms. Hall presented the Bookkeeper's Report and went over invoices, included in the Board materials. Upon a motion made by Director Rickel, and seconded by Director Durham, the Board voted unanimously to accept the Bookkeeper's Report and approved payment of invoices, as presented.

RECEIVE ARBITRAGE REPORT FROM OMNICAP ON REFUNDING BONDS SERIES 2011 AND REVENUE BONDS SERIES 2011A.

Ms. Holoubek reviewed the arbitrage report computation details and reported no excess earning liability for the period. This was for information purposes only and no action was required from the Board.

CONSIDER ANNUAL REPORT AND AUTHORIZE FILING OF SAME WITH APPROPRIATE INFORMATION DEPOSITORIES IN ACCORDANCE WITH THE DISTRICT'S CONTINUING DISCLOSURE OF INFORMATION AGREEMENT AS REQUIRED BY SEC RULE 15c2-12.

Ms. Holoubek reviewed Exhibit A, Annual Report for Fiscal Year Ending June 30, 2021, which is reported pursuant to SEC Rule 15c2-12 on outstanding municipal debt issues. Upon a motion made by Director Rickel, and seconded by Director Durham, the Board voted unanimously to approve the Annual Report and authorized filing of the report.

ANNUAL REVIEW OF PROCEDURES FOR CONTINUING DISCLOSURE COMPLIANCE.

Ms. Holoubek reported she has reviewed the Authority's current procedures for continuing disclosure compliance and stated no changes are recommended. No action from the Board was required.

CIP COMMITTEE:

a. Project update from Gauge Engineering LLC. Mr. Ali provided an update on the Memorial Drive Phase 1 project, a copy of the project status report is included in the Board materials. He reported the Gessner project is complete and we were waiting on TxDOT to close out the project. He reported the drainage analysis is in progress for the Memorial Drive Phase 2 project. No action from the Board was required.

b. Project update from The Goodman Corporation. The Goodman Corporation progress reports are included in the Board materials for review.

c. Project update from SWA. SWA status report is included in the Board materials for review.

CONVENE IN EXECUTIVE SESSION PURSUANT TO SECTION 551.072, TEXAS GOVERNMENT CODE, TO DELIBERATE THE PURCHASE, EXCHANGE, LEASE OR VALUE OF REAL PROPERTY.

The Board convened in Executive Session at 8:16 a.m.

RECONVENE IN OPEN SESSION AND AUTHORIZE APPROPRIATE ACTIONS WITH REGARD TO THE PURCHASE, EXCHANGE, LEASE OR VALUE OF REAL PROPERTY.

The Board reconvened in Open Session at 8:35 a.m. Upon reconvening, in open session no action was taken.

ADJOURNMENT.

There being no further business to come before the Board, Chair Givens adjourned the meeting at 8:36 a.m.

https://houstontirz17.org/files/9816/4556/6948/RZ17_MCRA_apvd_min_12.07.2021.pdf