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<br />DRAFT 03.11.99 <br /> <br />e <br /> <br />e <br /> <br />1. Maps Showing Existing Uses And Conditions Of Real Property In The Zone <br />And Showing Proposed Improvements To And Proposed Uses Of The <br />Property <br /> <br />The proposed reinvestment zone (the "TIRZ") is located within the city limits of La <br />Porte. The TIRZ receives direct access by several existing roads. State Highway 146 <br />runs north-south through the middle of the TIRZ. The western portion of the TIRZ is <br />accessed by Powell Road, which extends south from Fairmont Parkway to the southern <br />boundary of the TIRZ. Wharton Weems and McCabe Street run east-west through the <br />eastern portion of the TIRZ from SH 146 to South Broadway Street, which borders the <br />TI RZ to the east. <br /> <br />The TIRZ is surrounded by residential development with some light industrial and <br />commercial development. The City of La Porte Bay Forest Golf Course is located in <br />the eastern portion of the TIRZ, between SH 146 and South Broadway. Map 1 shows <br />the tentative boundary and Map 2 shows the current land uses within the TIRZ. <br /> <br />2. Proposed Changes Of Zoning Ordinances, The Master Plan Of The <br />Municipality, Building Codes, And Other Municipal Ordinances <br /> <br />All construction will be done in conformance with existing building code regulations of <br />the City of La Porte. There are no proposed changes of any city ordinance, master <br />plan, or building codes. <br /> <br />3. List Of Estimated Non-Project Costs <br /> <br />It is anticipated that the public improvements to be constructed the TIRZ could spur <br />private investment of over $200 million within the TIRZ over a ten year period. The <br />cost of constructing all improvements, other than those improvements that will be <br />dedicated to and owned by the City, will be borne by the private sector. <br /> <br />4. Statement Of Method Of Relocating Persons To Be Displaced As A Result Of <br />Implementing The Plan <br /> <br />The Preliminary Plan calls for the development of substantially vacant property. <br />Therefore, there is no displacement of property owners or residents. <br /> <br />5. Proposed Development And Project Costs <br /> <br />Vacant Land Development Opportunities <br /> <br />The proposed development plan consists of a program of public improvements, under <br />the authority of the Tax Increment Financing Act, which are intended to stimulate and <br />serve over $200 million in new private investment scheduled to occur over the next 10 <br />years. <br /> <br />Preliminary Reinvestment Zone Financing Plan <br />La Porte, Texas <br /> <br />2 <br />