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<br /> <br />. f\LE COP'i <br /> <br />City of La Porte <br />Established 1892 <br /> <br />March 5, 1999 <br /> <br />..... <br /> <br />Dear Mr. <br /> <br />The La Porte City Council is considering the creation of a Tax Increment Reinvestment Zone (TIRZ). <br />A subcommittee of Councilmembers has been working with staff and our consultant to prepare <br />guidelines that will be used when considering a TIRZ. The purpose of the guidelines is to establish the <br />City's policy as it relates to the designation and development ofa TIRZ. It is our belief that a TIRZ <br />can be an important economic development tool that benefits both the community and prospective <br />developers. <br /> <br />The proposed guidelines are enclosed for your information and review. As a landowner, developer or <br />broker you have expressed interest in the area being considered by City Council. We, therefore, are <br />inviting you to a meeting were the proposed guidelines will be reviewed. <br /> <br />We have established Wednesday March 31st at 4 p.m., in City Hall Council Chambers for a meeting <br />with you and other interested parties to review the proposed guidelines. If you cannot attend, please <br />feel free to send a representative or provide written comments. If you have any questions feel free to <br />call me at (281) 471-5020. <br /> <br />Additionally, the City Council is scheduled to consider, at their March 15th meeting, a Resolution <br />establishing a date for a Public Hearing on the creation of a reinvestment zone. <br /> <br /> <br />xc: Robert T. Herrera, City Manager <br />Jeff Litchfield, Assistant City Manager <br /> <br />P.O. BQX 1115. La Port~. Tex:ls 77572-1115. 1.2SI) 471-5020 <br />