minutes of the midtown management district...all of the above were present, except for directors...

MINUTES OF THE MIDTOWN MANAGEMENT DISTRICT

BOARD OF DIRECTORS MEETING

September 12, 2017 The Board of Directors of the Midtown Management District held a regular meeting, open to the public, on Tuesday, September 12, 2017, at 11:00 a.m. in the third floor conference room of the Midtown Management District’s offices, located at 410 Pierce St., Houston TX 77002, inside the boundaries of the District, and the roll was called of the duly appointed members of the Board, to-wit:

Darcy John Lefsrud Eileen J. Morris Amar Mohite Debbie Tyler Dillard

James Llamas Dana Woodruff

Willie Coleman Marylene Chan

Nancy J.W. Darst William R. Franks

Ben Robles Jesus Davila Allen Douglas Gary Noble Jason West Charles Washington

All of the above were present, except for Directors Llamas, Coleman, Tyler Dillard, Davila, and Noble, thus constituting a quorum. In addition, present at the meeting were Midtown Staff members Cynthia Alvarado, Michelle Ashton, Marlon Marshall, Kandi Schramm, Amaris Salinas, Mark Sullivan, David Thomas, Mark Leija, and Matt Thibodeaux; Peggy Foreman of Burney & Foreman; Mechelle Phillips of One World Strategy Group, LLC.; Clark Lord of Bracewell, LLP; Ana Ramirez of Texas Department of Transportation; Robert Benz of Texas Transportation Institute; Sgt. Odell Haynes and Deputy Grant of Precinct 7 Constable’s office; Jesse Sampson and John Salt of S.E.A.L. Security Solutions, LLC.; Bert Baker and Nancy Hall of Central Bank Houston; Linda Trevino of METRO; and Midtown resident Thomas Wang. Cynthia Alvarado called the roll of the Board of Directors and verified that a quorum was present. Chair Franks called the meeting to order and welcomed everyone. RECEIVE PUBLIC COMMENTS There were no public comments. CONSENT AGENDA

A. APPROVE MINUTES FOR THE AUGUST 2, 2017 BOARD MEETING

B. APPROVE FINANCIAL REPORT FOR THE MONTH OF JULY 2017

C. APPROVE PAYMENT OF INVOICES FOR AUGUST 2017

D. APPROVE EQUI-TAX REPORT FOR AUGUST 2017

E. RATIFY ANNUAL RENEWAL OF ZAPPLICATION®

DRAFT

Director Woodruff made a motion to approve the Consent Agenda. The motion was seconded by Director Morris and carried by unanimous vote. REVIEW, DISCUSS AND TAKE NECESSARY ACTION REGARDING THE INVESTMENT REPORT FOR

THE PERIOD ENDING JUNE 30, 2017

Matt Thibodeaux reported that all funds are invested in authorized accounts with a .29% interest rate. Director Darst made a motion to accept the investment report. The motion was seconded by Director Mohite and carried by unanimous vote. REVIEW, DISCUSS AND TAKE NECESSARY ACTION REGARDING REQUEST TO AMEND THE

INTERLOCAL AGREEMENT WITH THE CITY OF HOUSTON

Peggy Foreman stated that the Board Chair received a verbal request from the City of Houston to reimburse the city for a portion of the cost to install a fence on a part on of the land under I-69 near Fiesta in an amount not to exceed $15,000. Ms. Foreman expressed concern as to whether the project would be an eligible cost under the existing Interlocal Agreement with the city, but that she needed additional information regarding the project. She stated that there may be a need to act on the request prior to the next Board meeting and asked the Board to authorize a small ad hoc committee to consider the request and decide whether to approve the request subject to certain conditions. Director Douglas asked whether the city’s installation of the fence would violate the current Temporary Restraining Order (TRO) issued against the city. Ms. Foreman stated that she was generally aware of the TRO but was not knowledgeable about the specifics of the case. She stated that she and the Chair discussed various issues, including the TRO, with city representatives. Chair Franks shared that he has raised the issues with city representatives and was awaiting a response. He stated that the fenced area would be used to park buses for groups visiting the nearby museums. Director Mohite asked if the museums understand that the parking is a short-term temporary parking solution and will not continue once the deck over 69 is installed. Director Woodruff asked if MMD has the funds for this project. David Thomas confirmed that the District has funds available because of unused funds that were budgeted for committee projects. Chair Franks appointed Directors Douglas and Coleman to serve with him on an ad hoc committee to consider and approve the request and an amendment to the Interlocal Agreement if required, subject to ratification by the Board. Director Woodruff made a motion to authorize the ad hoc committee to consider and approve the request and an amendment to the Interlocal Agreement with the City of Houston, if necessary, for an amount not to exceed $15,000. The motion was seconded by Director Washington and carried by unanimous vote.

RECEIVE COMMITTEE ACTIVITY REPORTS AND REVIEW, DISCUSS AND TAKE NECESSARY ACTION

REGARDING THE FOLLOWING, AS APPROPRIATE:

A. Service and Maintenance Committee – Darcy Lefsrud, Chair

Director Lefsrud reported that Phase II of sidewalk repairs was delayed because of Hurricane Harvey, but he anticipates being able to begin work in October 2017. He reported that the Committee has been working on the budget for Fiscal Year 2018 and is looking at ways to include additional money for tree trimming and park programming. Finally, he stated that the Committee is reviewing the existing scope of services for the Field Services Team and is planning to issue an invitation to bid in October 2017.

DRAFT

i. REQUEST FOR ADDITIONAL FUNDING FOR THE GLOVER PARK MAINTENANCE

Director Lefsrud reported that bids for repairs to Elizabeth Glover Park were higher than expected and the Committee needs additional funds not to exceed $13,000 for the project. He stated that there is a possibility for savings as well as the potential to defer some of the costs to the next fiscal year. Director Lefsrud stated that the Committee is requesting additional funds to assist with the project. Chair Franks asked if any additional repairs resulted from the hurricane. Marlon Marshall stated that some trees along Bagby St. were lost and that some of the drainage grates on Elgin St. were missing. He stated that he is working to address the repairs at minimal or no cost to the District. Director Douglas stated that flooding issues should be flagged for Design Workshop to consider as they move forward with work on the strategic plan. Matt Thibodeaux agreed and stated that the Staff is looking at long-term solutions and are working with the city’s Department of Public Works to explore ways to improve drainage in the southeast area of Midtown and along Elgin St. Director Mohite urged residents affected by Hurricane Harvey to report their damage to FEMA because that data is captured and impacts federal funding for Houston and Harris County.

B. Cultural Arts and Entertainment Committee – Eileen Morris, Chair

Director Morris reported that the Committee is busy planning for the second annual Mistletoe Market, which will be held on Saturday, November 18, 2017 and Sunday, November 19, 2017. She stated that applications from interested vendors are being accepted through October 13, 2017 and additional information is available via Midtown’s eNews and social media. Cynthia Alvarado reminded everyone that the District is also participating in “Via Colori”, a major city-wide chalk art festival, on November 18-19, 2017. She stated that Midtown purchased a 3-D art square next to the Stella Artois Stage and that the artist will be Jennifer Lang, a University of Houston graduate and Via Colori artist since 2013. Finally, Director Morris invited all to the next Committee meeting on Tuesday, September 19, 2017, at 3:30 p.m. at Central Bank.

C. Marketing and Economic Development Committee – Debbie Tyler-Dillard, Chair

Michelle Ashton reported that the Midtown Buzz has been distributed throughout Midtown and that a limited number of copies are available for distribution by apartment complexes and other organizations. She stated that the Committee is currently working on a new edition of the Cultural Arts and Entertainment Guide and will release it in November, 2017. Ms. Ashton reported that the Committee is working on placing an ad in the next three editions of the OutSmart magazine, including a special edition in October 2017 issue focusing on the impact of Hurricane Harvey. Ms. Ashton stated that the Midtown Awards will be announced during the opening of Midtown Park. Finally, she reported that the Committee plans to develop a Midtown app for launch in 2018 that will enhance Midtown’s current mobile communications, including adding push notifications.

D. Urban Planning Committee – Allen Douglas, Chair

Director Douglas reported that Design Workshop will be conducting a public workshop on Tuesday, September 26 at 6:30 p.m. at Trinity Episcopal Church in Midtown to obtain community input on the strategic plan. He encouraged everyone to attend and participate in help to plan Midtown’s future. Director Mohite stated that the Committee will work to ensure that Midtown’s strategic plan compliments Plan Downtown and will circulate drafts of the strategic plan for review and comment. Director Douglas reported that based on survey results, Baldwin Park was identified as the preferred site for a Midtown Farmer’s Market and that the Committee is working to confirm a day and time that does not conflict with other farmer’s markets, such as Saturday or Sunday afternoons. He stated that the next steps will include talking with the Service and Maintenance Committee and City of Houston Parks Department to work on the logistics for the Farmer’s Market. Director Douglas reminded the Board that the Committee is working to schedule another BikeHouston ride in November, 2017.

DRAFT

i. RATIFY PARTICIPATION IN THE TXDOT BIKE COUNTER PROJECT

Director Douglas advised the Board that the Committee received a request to participate in a bike counter project, where TxDOT would install a bike counter on Holman St. near the Spur 527 and the District would pay the cost of maintaining the bike counter, capturing and storing data. He stated that the cost would be $600/year for five years and that TxDOT requires a letter of intent from the District to proceed, with a goal of eventually including this project in a maintenance agreement with the city.

Director Douglas made a motion to approve participation in the TxDOT bike counter project. The motion was seconded by Director Mohite. Following all discussion, the motion carried by unanimous vote.

E. Finance and Budget Committee – Marylene Chan

Director Woodruff reported that MMD expenditures are within budget and that as of September 12th, 98% of assessments have been collected for 2016.

i. AUTHORIZE TRANSFER OF FUNDS FROM PUBLIC SAFETY TO SERVICES AND

MAINTENANCE FOR GLOVER PARK MAINTENANCE

Director Woodruff made a motion to authorize the transfer of up to $13,000.00 from Public Safety to Service and Maintenance for Elizabeth Glover Park maintenance. The motion was seconded by Director Douglas and carried by unanimous vote.

ii. UPDATE ON FY 2018 BUDGET PROCESS

Director Woodruff stated that the timeline for 2018 budget planning is moving forward and that the Committees’ budget requests are due on Friday, September 15, 2017. Chair Franks thanked the Committee for speeding up the budgeting process. Director Lesfrud asked if MMD can now budget less money for the electricity bill given the conversion to LED lights. Mr. Marshall stated that he will follow-up with CenterPoint but that it may be difficult to estimate the savings at this point given that installation has been staggered. Chair Franks asked if there has been a light survey since Hurricane Harvey to determine if the storm caused any outages. Mark Sullivan replied that he will check with the vendor that performs the light surveys for the District.

F. Nominations Committee – Nancy Darst, Chair

i. UPDATE ON FILLING BOARD VACANCIES

Director Darst reported that ten candidates were interviewed in August 2017 to fill two positions on the Board and that following the interviews six candidates were selected. She stated that the District is processing this group of candidates, including performing background check and the Committee plans to bring recommendations to the Board at the October 2017 Board meeting. Director Darst also advised the Board that an election of certain officers will be held at the October 2017 Board meeting.

G. Public Safety Committee – Ben Robles, Chair

Director Robles thanked all first responders for their work during and after Hurricane Harvey. He reminded those in attendance that Midtown participated in the city led clean-up of the encampment site under I-69 on August 10, 2017. He reported that the city determined that the conditions at the encampment constituted a health hazard. He reminded the Board that there was still a temporary restraining order preventing the city from enforcing its recently adopted ordinances relating to tents on public property. Director Robles reported that according to the last HPD count, the number of tents was down from 60 to 48.

DRAFT

Mark Leija updated the Board on his work since July 1, 2017, which including meeting with law enforcement teams, participating in a radio interview on NPR during Coffee with a Cop, and conducting a post-hurricane survey of the District. He stated that he is currently working with the Midtown staff in preparing for National Night Out. Cynthia Alvarado gave a report on the TABC hearing regarding Club Myst/Empire. She stated that the judge conducting the hearing now has 60 days to review the case before rendering a decision. Director Douglas reported that he has been in conversation with an attorney who is bringing an assault case against the club and has learned that the club operators may not have a “cabaret” license and that he was unsure whether this information was brought to the attention of TABC. Director Douglas asked the staff to follow-up with TABC and share whatever information the District might have.

Ms. Alvarado thanked Central Bank for sponsoring Coffee with a Cop and paying for the lunches of first responders. Director Robles announced that the next meeting is Tuesday, September 19, 2017 at 6 p.m. at Central Bank with a special guest speaker from County Attorney’s office.

REPORT ON CAPITAL PROJECTS OF THE MIDTOWN REDEVELOPMENT AUTHORITY (MRA).

Marlon Marshall gave the following report on the status of the current MRA capital improvement projects: Midtown Park – The parking garage was slightly impacted by the storm. There was no flooding in the garage, but water did come down the ramp. The pumps worked as designed. The Park had some minor damage, including runoff from the berms and bayou walls, and general landscaping issues which are estimated to take approximately two weeks to address. The Staff expects the Park to be substantially complete by the end of the month.

Main St. – The Staff is working with METRO to get permission to partially shut down the street on weekends to allow the contractor to complete work in the median. Holman St. – The project is awaiting final approval by the city. Entry portals – The berm on the I-45 entry portal experienced some runoff from the hurricane. The entry portals on Spur 527 and Bagby St. are still waiting on CenterPoint for installation of permanent electricity. Caroline St. – Contractors are mobilized and are in the process of finalizing required permits.

WITH RESPECT TO THE FOREGOING AGENDA ITEMS, CONDUCT AN EXECUTIVE SESSION WITH

REGARDS TO THE FOLLOWING, AS APPROPROATE AND NECESSARY.

a. Consultation with attorney (Section 551.071, Texas Government Code);

b. Personnel matters (Section 551.074, Texas Government Code).

The Board did not conduct an executive session at this meeting.

ANNOUNCEMENTS

Amaris Salinas gave an overview of park programming. She stated that events resumed this past weekend with good turnout. Ms. Salinas reported that Second Sunday in Baldwin Park was cancelled at the city’s request because the city is focusing its resources on relief efforts. She reported that she is working with Silver Eagle to host a Texans kickoff party on Thursday, September 14, 2017 in Bagby Park. Chairman Franks thanked the Staff and Midtown Community all for their work following Hurricane Harvey. He acknowledged the extraordinary help from Midtown property owner and former Board member Adam Brackman.

DRAFT

NEXT MEETING DATE

The next Midtown Management District Board of Directors meeting will be held on Wednesday, October 6, 2017, at 11:00 a.m. at the Midtown offices, 410 Pierce St.

ADJOURN There being no other business, the meeting was adjourned. ____________________________ Eileen Morris Board Secretary ____________________________ Date

DRAFT

Midtown Management District

2017 Sources and Uses of Funds January through August 2017

Jan - Aug 17 Budget $ Over Budget

Sources of Funds

400000 · Revenue - Assessments

400085 · FY16 Assessment Revenue 2,203,965.89 2,241,587.00 -37,621.11

400086 · FY15 Assessment Revenue 228.49 9,400.00 -9,171.51

400087 · FY14 Assessment Revenue 1,304.46 3,334.00 -2,029.54

400088 · FY13 Assessment Revenue 528.99 1,051.00 -522.01

400089 · FY12 Assessment Revenue 180.11 667.00 -486.89






400500 · Penalties & Interest 14,190.71 16,000.00 -1,809.29

402400 · Over Payments (Overpayments) 22,897.79 32,000.00 -9,102.21

402500 · Refunds/Assessment Adjustments -57,303.72 -60,000.00 2,696.28

402510 · Collection Costs (Fees charged to MMD for collections) -26,908.29 -28,000.00 1,091.71

402511 · CAD Correctons 761.34 160.00 601.34

402512 · CAD Lawsuit Corrections 43,868.64 15,000.00 28,868.64

402600 · Assessment Collection Costs 5,970.46 7,600.00 -1,629.54

402610 · Court Costs 0.00 400.00 -400.00

400000 · Revenue - Assessments - Other -6,735.71 -1,243.14 -5,492.57

Total 400000 · Revenue - Assessments 2,202,949.16 2,238,591.86 -35,642.70

403000 · Other Income (Other Income)

403100 · Booth and Events Fees (Booth and Events Fees) 4,300.00 5,500.00 -1,200.00

403105 · Application Fees (Non-Refundable Application Fees) 1,550.00 800.00 750.00

403110 · Event Sponsorship (Sponsorship of Events) 5,000.00 5,000.00 0.00

Total 403000 · Other Income (Other Income) 10,850.00 11,300.00 -450.00

404000 · Int Income (Invest Interest Earned) 9,877.39 1,000.00 8,877.39

406000 · Interest on CD (Interest earned on CD purchases) 1,185.76 800.00 385.76

Total 2,224,862.31 2,251,691.86 -26,829.55

Total Sources 2,224,862.31 2,251,691.86 -26,829.55

Uses of Funds

500000 · Security and Public Safety

General 4.32 0.00 4.32

501000 · Street Lighting - Electricity 147,698.29 168,920.00 -21,221.71

502000 · Enhancement Public Safety (Public Safety)

502011 · Harris County Precinct 7 (Harris County Precinct 7) 320,003.00 333,454.00 -13,451.00

502012 · S.E.A.L. Security Program (S.E.A.L. Security Program) 89,120.00 94,320.00 -5,200.00

502013 · PIT Program (PIT Program) 14,092.75 16,120.00 -2,027.25

Total 502000 · Enhancement Public Safety (Public Safety) 423,215.75 443,894.00 -20,678.25

504000 · Security Coordinator 3,435.52 0.00 3,435.52

505000 · Outreach & Social Services 10,000.00 0.00 10,000.00

507000 · Street Outage Survey 1,700.00 1,732.00 -32.00

508000 · Public Safety Light Program 3,600.00 3,600.00 0.00

509500 · Public Safety Parks Program 150.00 2,634.00 -2,484.00

Unaudited Financials

DRAFT




509600 · Strategy and Implementation 2,000.00 2,000.00 0.00

509700 · Staffing (Allocated Staffing hours) 21,262.39 21,234.00 28.39

Total 500000 · Security and Public Safety 613,066.27 644,014.00 -30,947.73

600000 · Marketing & Economic Developmen

601000 · Media, Advertising & Promotion

601003 · Event Partic/ Sponsoring 2,500.00 2,501.00 -1.00

601007 · Media, Advertising, & Promotion 3,000.00 2,501.00 499.00

Total 601000 · Media, Advertising & Promotion 5,500.00 5,002.00 498.00

602000 · Web-site Update & Maint. 487.95 3,332.00 -2,844.05

603004 · Resident/.Stake Holder Foc Cmmu 7,390.00 13,332.00 -5,942.00

603005 · Midtown Newspaper (Newspaper for Midtown Stakeholders and Residents) 18,969.00 15,000.00 3,969.00

607000 · Midtown eNews 495.00 720.00 -225.00

608000 · Kiosk - media 0.00 1,000.00 -1,000.00

609600 · Marketing and Branding 2,000.00 2,000.00 0.00

609700 · Staffing (Allocated Staffing hours) 14,301.04 14,418.00 -116.96

Total 600000 · Marketing & Economic Developmen 49,142.99 54,804.00 -5,661.01

700000 · Urban Planning

701010 · Bike Racks 8,992.54 9,000.00 -7.46

702500 · Planning Studies (Planning Studies)

702501 · Street Design Guidelines (Updating 2014 Package) 0.00 10,000.00 -10,000.00

702502 · US59 Cap & Transit Oriented Dev (@US59 & Caroline/Austin) 0.00 35,000.00 -35,000.00

Total 702500 · Planning Studies (Planning Studies) 0.00 45,000.00 -45,000.00

702600 · Implementation Projects (Implementation Projects)

702601 · Corridor Planning & Restriping 500.00 9,000.00 -8,500.00

702602 · Goodman Corp Study Metro Stops 0.00 4,800.00 -4,800.00

Total 702600 · Implementation Projects (Implementation Projects) 500.00 13,800.00 -13,300.00

706600 · Strategy Implementation 2,000.00 2,000.00 0.00

706700 · Staffing (Allocated Staffing hours) 12,334.26 12,520.00 -185.74

Total 700000 · Urban Planning 23,826.80 82,320.00 -58,493.20

710000 · Cultural Arts & Entertainment

710101 · Arts Grant Funding Match 0.00 25,000.00 -25,000.00

710102 · Art Project Sponsorships 2,500.00 0.00 2,500.00

710103 · Midtown Mural Project 0.00 5,000.00 -5,000.00

710106 · Art in the Park 26,558.20 30,000.00 -3,441.80

710107 · Mistletoe Market 1,426.00 0.00 1,426.00

710108 · Special Events in Bagby Park 11,341.90 0.00 11,341.90

710110 · Parks Programming 6,170.00 12,498.00 -6,328.00

710112 · Cultural Arts - Website 699.00 0.00 699.00

710113 · Cultural Arts - Marketing 2,500.00 0.00 2,500.00

710115 · Mini-Performing Arts Festival (Mini-Performing Arts Festival) 0.00 15,000.00 -15,000.00

710600 · Planning and Logistics 2,000.00 2,000.00 0.00

710700 · Staffing (Allocated Staffing hours) 30,434.41 30,336.00 98.41

Total 710000 · Cultural Arts & Entertainment 83,629.51 119,834.00 -36,204.49

720000 · Service & Maintenance

722000 · Midtown Parks


DRAFT




722005 · Baldwin/Glover Park Maintenance

722051 · Water 1,378.14 668.00 710.14

722052 · Electric 885.90 1,200.00 -314.10

722053 · Path Gravel 0.00 3,750.00 -3,750.00

722054 · Irrigation repair 1,751.85 2,250.00 -498.15

722055 · Landscape Repairs 0.00 4,500.00 -4,500.00

722056 · Baldwin/Glover Landscape Contra (Monthly General Maintenance) 10,000.00 10,000.00 0.00

722057 · Park Lighting (Park Lighting) 2,791.70 5,625.00 -2,833.30

722058 · Dog Park Maintenance (Dog Park Maintenance) 0.00 2,250.00 -2,250.00

Total 722005 · Baldwin/Glover Park Maintenance 16,807.59 30,243.00 -13,435.41

Total 722000 · Midtown Parks 16,807.59 30,243.00 -13,435.41

725000 · Midtown Field Service Prog

725002 · Graffiti 1,920.00 3,200.00 -1,280.00

725003 · Supplies 0.00 400.00 -400.00

725004 · Storage 2,160.00 2,332.00 -172.00

725005 · Seasonal Planting PROW 0.00 7,500.00 -7,500.00

725007 · Tree Maintenance 0.00 9,228.00 -9,228.00

725008 · Landscaping/Tree Planting 0.00 12,000.00 -12,000.00

725009 · Pet Bags 2,159.76 3,000.00 -840.24

725000 · Midtown Field Service Prog - Other 135,592.00 136,000.00 -408.00

Total 725000 · Midtown Field Service Prog 141,831.76 173,660.00 -31,828.24

726000 · Service Maintenance - Other

726010 · SeeClickFix (SeeClickFix) 7,210.00 7,210.00 0.00

726100 · Legacy Maintenance 206,000.00 206,000.00 0.00

Total 726000 · Service Maintenance - Other 213,210.00 213,210.00 0.00

727000 · Implementation and Support 2,000.00 2,000.00 0.00

728000 · Staffing (Allocated Staffing hours) 34,931.40 36,680.00 -1,748.60

Total 720000 · Service & Maintenance 408,780.75 455,793.00 -47,012.25

800000 · District Administration

802000 · Legal Counsel 52,816.43 53,332.00 -515.57

802042 · Public Information Request (Public Information Request) 0.00 800.00 -800.00

803000 · Accounting & Auditing Expense 11,590.00 12,500.00 -910.00

804000 · Insurance Expense

804003 · Director's & Officers Insurance (Director's & Officers Insurance) 3,592.00 4,168.00 -576.00

804004 · General Liability (General Liability) 9,336.00 10,000.00 -664.00

804005 · Insurance - other (Tax Bond, Property, Public Employee, Business Travel Accident, 2,776.00 2,860.00 -84.00

Total 804000 · Insurance Expense 15,704.00 17,028.00 -1,324.00

806000 · General Operating/Admin. Exp. 2,336.02 2,600.00 -263.98

807000 · Board Meeting & Misc. Exp. 3,414.80 4,532.00 -1,117.20

809000 · Administration Expense (Reimbursements to MRA) 98,649.88 103,802.00 -5,152.12

Total 800000 · District Administration 184,511.13 194,594.00 -10,082.87

Total Uses 1,362,957.45 1,551,359.00 -188,401.55

Net Increase (/Decrease) for the Period 861,904.86 700,332.86 161,572.00


DRAFT


Balance Sheet As of August 31, 2017

Aug 31, 17

ASSETS

Current Assets

Checking/Savings

10000 · Operating Funds

101001 · Chase Savings Account 10,381.08

101002 · PrimeWay FCU Acct# 1 113.05

101003 · PrimeWay FCU Acct# 7 2,068.60

101004 · PrimeWay FCU Acct MM #6 11,071.59

102001 · IBC Savings Acct 66033 1,958.44

102107 · IBC CD 4808 125,000.00

102203 · EastWest Bank Money Market#5359 116,098.91

102211 · EastWest Bank Savings Acct 1,060.18

106010 · Wells Fargo Assessment Acct 18,902.36

106020 · Wells Fargo Performance Saving 15,741.73

107000 · TexStar (Investment Account) 5,583.43

107500 · LOGIC (Investment Account) 860,539.56

Total 10000 · Operating Funds 1,168,518.93

10001 · Reserved Funds

102202 · EastWest Bank CD 5918 (Elgin Street PROW Capital Reser) 12,905.33

102204 · EastWest Bank CD1306 (Emergency Disaster Capital Rese) 103,445.05

105003 · Central Bank Money Market 5,724.78

105005 · CNTRL BNK CD 66000272 227,200.02

Total 10001 · Reserved Funds 349,275.18

10002 · Restricted Funds

101000 · Chase Operating Acct 11,425.95

Total 10002 · Restricted Funds 11,425.95

Total Checking/Savings 1,529,220.06

Accounts Receivable

120000 · Assessments Receivable

120009 · Assesmts Recievable Current 164,199.57

Total 120000 · Assessments Receivable 164,199.57

Total Accounts Receivable 164,199.57

Other Current Assets

130500 · Prepaid Expense 1,080.00

Total Other Current Assets 1,080.00

Total Current Assets 1,694,499.63

Other Assets

130501 · Other Misc Assets 48,916.00

Total Other Assets 48,916.00

TOTAL ASSETS 1,743,415.63

DRAFT


Balance Sheet As of August 31, 2017

Aug 31, 17

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Accounts Payable

200000 · Accounts Payable 126,433.58

Total Accounts Payable 126,433.58

Other Current Liabilities

205000 · Deferred Assessment Revenues 164,199.57

206000 · Accrued liability 168,920.00

207000 · Bal due to MRA from FTA Reimbur 8,394.00

Total Other Current Liabilities 341,513.57

Total Current Liabilities 467,947.15

Total Liabilities 467,947.15

Equity

390000 · Fund Balance-Prior 413,563.62

Net Income 861,904.86

Total Equity 1,275,468.48

TOTAL LIABILITIES & EQUITY 1,743,415.63

DRAFT


Account Transaction Detailed by Account

As of September 12, 2017

Type Date Num Name Memo Debit Credit Balance

SEPTEMBER 2017 8,430.08

0.00 8,430.08

Bill Pmt -

Check

09/12/2017 7176 BRACEWELL LLP 051911.000003 For Service Throught JULY 31, 2017,

Meeting Services

75.37 8,354.71

Check 09/12/2017 7177 Houston Recovery

Center, LGC

Monthly Contribution to support PIT Program{

SEPTEMBER 2017}

2,013.25 6,341.46

Check 09/12/2017 7178 MidCorp VOID: Expense Reimbursement: Entertainment for

Live@Lunch {Bagby Park} Sept. 9, 2017

0.00 6,341.46

Check 09/12/2017 7179 MidCorp Expense Reimbursement: Entertainment for

Live@Lunch {Bagby Park} Sept. 9, 2017

750.00 5,591.46

Bill Pmt -

Check

09/19/2017 7180 OutSmart Media Co. 1/3 PAGE HORIZONTAL MIDTOWN ADS 550.00 5,041.46

Bill Pmt -

Check

09/21/2017 504341 City of Houston-Water

Dept.

3118 AUSTIN {Elizabeth GLOVER Park} 223.12 4,818.34

Bill Pmt -

Check

09/27/2017 29842350 Reliant Energy 1701 ELGIN {Baldwin Park} 8/08/2017 - 09/07/2017 121.26 4,697.08

Bill Pmt -

Check

09/27/2017 29842368 Reliant Energy 3118 AUSTIN ST {Glover Park} 8/08/2017 -

09/07/2017

29.73 4,667.35

Deposit 09/30/2017 September Deposits 9,499.58 14,166.93

Deposit 10/04/2017 Deposit Transfer from LOGIC/Saving Account to Cover Expenses 85,000.00 99,166.93

Check 10/04/2017 7181 Copesetic Holdings Ltd VOID:MISPRINT 2603 MILAM STREET #15 81 006

061 000 0001 TAX YEAR: 2016

0.00 99,166.93

Check 10/04/2017 7182 Randall Properties INC VOID:MISPRINT 81 121 765 001 0001 - 2225

LOUISIANA STREET: TAX YEAR: 2016

0.00 99,166.93

Check 10/04/2017 7183 Houston Recovery

Center, LGC

Monthly Contribution to support PIT Program{

OCTOBER 2017}

2,013.25 97,153.68

Check 10/04/2017 7184 E & I INVESTMENTS

INC.

81 125 193 001 0001 2315 BAGBY ST: TAX YEAR

2016

133.18 97,020.50

Check 10/04/2017 7185 CPT Community

Owner LLC

81 130 694 001 0001 2700 Travis St #253: TAX

YEAR 2016

4,888.16 92,132.34

Check 10/04/2017 7186 Camden Property

Trust

702 HADLET ST #337 81 021 257 000 0001 TAX

YEAR: 2016

8,588.30 83,544.04

Check 10/04/2017 7187 CHRISTOPHER H

TRAN

81 132 043 001 0013 1836 ANITA STREET : TAX

YEAR 2016

376.99 83,167.05

Check 10/04/2017 7188 Suniverse LLC 81 114 588 001 0001 2016 MAIN STREET 101: TAX

YEAR 2016

101.73 83,065.32

Check 10/04/2017 7189 CVS Health 81 124 387 001 0001 402 GRAY STREET : TAX

YEAR 2016

383.15 82,682.17

Check 10/04/2017 7190 H MIDTOWN LP 81 002 263 002 0001 2111 AUSTIN STREET : TAX

YEAR 2016

605.26 82,076.91

Check 10/04/2017 7191 1500 GRAY LLC 81 002 263 001 0001 1500 GRAY STREET : TAX

YEAR 2016

605.26 81,471.65

Check 10/04/2017 7192 CTV INVESTMENTS

LLC

81 006 060 000 0001 2621 MILAM STREET : TAX

YEAR 2016

33.07 81,438.58

Check 10/04/2017 7193 2412 BRAZOS ST LLC 81 033 011 000 0002 2412 BRAZOS STREET : TAX

YEAR 2016

173.13 81,265.45

Check 10/04/2017 7194 TILTON RESOURCE

LTD

81 013 227 000 0001 3111& 81 013 227 000 0011 (2)

BAGBY STREET : TAX YEAR 2016

87.05 81,178.40

Check 10/04/2017 7195 Tehuacana Partners

LTD

81 013 264 000 0004 3200 TRAVIS STREET : TAX

YEAR 2015 & 2016

967.92 80,210.48

UNAUDITED FINANCIALS

DRAFT


Account Transaction Detailed by Account

As of September 12, 2017

Type Date Num Name Memo Debit Credit Balance

Check 10/04/2017 7196 2016 MAIN OWNERS

ASSOCIATION INC.

2016 Main Street REFUND: {7} PROPERTIES 403.29 79,807.19

Check 10/04/2017 7197 Copesetic Holdings Ltd 2603 MILAM STREET #15 81 006 061 000 0001 TAX

YEAR: 2016

207.39 79,599.80

Check 10/04/2017 7198 Randall Properties INC 81 121 765 001 0001 - 2225 LOUISIANA STREET:

TAX YEAR: 2016

1,302.97 78,296.83

Bill Pmt -

Check

10/04/2017 7199 Equi-Tax, Inc. Monthly Fee per contract for Assessment Collection:---

OCTOBER 2017

1,936.62 76,360.21

Bill Pmt -

Check

10/04/2017 7200 Greater East End

Management District

Graffitti Abatement: Constituent visits,follow-up visits-

Sites Abated:{August & September 2017}

1,280.00 75,080.21

Bill Pmt -

Check

10/04/2017 7201 Harris County

Treasurer

Constable Services for NOVEMBER 2017 39,201.00 35,879.21

Bill Pmt -

Check

10/04/2017 7202 Kwik Kopy MISTLETOE Market PUSH CARDS 4/4 4X6 FULL

COLOR COPIES 8.5x11{2 Sided}

295.00 35,584.21

Bill Pmt -

Check

10/04/2017 7203 Metropolitan

Landscape

Management, Inc.

Field Maintenance Services in Midtown - SEPTEMBER

Services 17'

16,949.00 18,635.21

Bill Pmt -

Check

10/04/2017 7204 One World Strategy

Group LLC

SEPTEMBER 2017 - Monthly Contractual Agreement 1,250.00 17,385.21

Bill Pmt -

Check

10/04/2017 7205 SeeClixFix Annual License Fees 11/10/2017 to 11/09/2018 7,426.00 9,959.21

Bill Pmt -

Check

10/04/2017 7206 Southwest Wholesale Monthly Maintenance Agrmt Baldwin Park/Glover Park

SEPTEMBER 2017

1,250.00 8,709.21

Bill Pmt -

Check

10/04/2017 7207 Perdue, Brandon,

Fielder, Collins & Mott

AUGUST 2017 - Professional Services rendered in

the collection of delinquent taxes, penaltites and inerest

2,691.58 6,017.63

Total 106010 · Wells Fargo Assessment Acct 94,499.58 96,912.03 6,017.63

Total 106000 · Wells Fargo Bank 94,499.58 96,912.03 6,017.63

TOTAL 94,499.58 96,912.03 6,017.63

UNAUDITED FINANCIALS

DRAFT

midtownhouston.com #midtownHOU

Meet your neighbors, Midtown board members and staff , law

enforcement o� cers, elected o� cials and more. Enjoy food,

fun, and giveaways.

Midtown businesses are encouraged to participate. If you

would like to set up a table, please contact

[email protected].

Elizabeth Baldwin Park1701 Elgin St.

Houston, TX 77004

Tuesday, October 3rd5pm – 7pm

F O L LO W U S A N DS TAY U P T O D AT Efacebook/midtownHOU

@midtownHOU

@midtownHOU

minutes of the midtown management district...all of the above were present, except for directors...

Documents