Ord. 1999-2353 - interlocal w/LPISD for TIRZ #1

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e e G. Board of Directors LPISD shall have the unequivocal right to appoint to and maintain one (1) member on the La Porte Zone Board of Directors. Failure ofLPISD to appoint a person to the Board of Directors of the La Porte Zone by December 31, 1999, shall be deemed a waiver of LPISD's right to make an appointment. LPISD may also appoint and maintain as many nonvoting ex officio members on the La Porte Board of Directors as LPISD may desire. v. OBLIGATIONS OF CIlY AND LA PORTE ZONE A. Street Right of Way To the extent requested by LPISD, the City and the La Porte Zone agree that monies from the Tax Increment Fund shall be used, at no cost to LPISD, to pay to the City the following costs that otherwise would be incurred by LPISD with respect to the construction and operation of any educational facilities constructed by or on behalf of LPISD in the La Porte Zone pursuant to the Project Plan: (a) the cost of abandonment of any street right of way by the City on behalf of LPISD and (b) the cost of water and sewer utility connections and construction outside the boundaries of LPISD property (collectively, "School Support Expenses"). The City shall use the proceeds obtained from payments made pursuant to the preceding sentence for infrastructure improvements or other projects identified in the La Porte Zone Project Plan. B. Project Plan The parties agree that the Superintendent of Schools of LPISD shall be pennitted to review and comment upon any amendments to the La Porte Zone Project Plan before the amendments are submitted to the City Council for City approval. Any La Porte Zone Project Plan shall provide Educational Facilities Project Costs for LPISD Educational Facilities within the La Porte Zone or the AMJ\176718.I\INTERLOCAL AGRM'N..PISD\3668.4