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<br /> <br />e <br /> <br />e <br /> <br />.' <br /> <br />, . <br /> <br />(" <br /> <br />134' West M".:::irghirc Lilli" . 02llla5, T.~~..5 75247.972.647.6700. -w.t>ti.com <br /> <br />October 26. 1998 <br /> <br />CKTY ~1At~AGER <br />tK. - \ l-lu ~ql cl;r- <br /> <br />'"'.' <br /> <br />. '. <br />..'~ <br /> <br />lVIr. Rol'ert T. HeIf\~ra <br />City of La Porte, Texas <br />r,o. Bux 1115 <br />ta Porte, TX 77572-11 is <br /> <br />. ~... <br />- :a." <br />'.' <br /> <br />. .to. <br /> <br />Dear Mr. Herrer.\: <br /> <br />Thank yon for llleeting wilh m~ last week regarding th~ City of La Pone's c.:ln:;id~ralion <br />of a TIRZ. TXI is cOllUllined to this project and bdieves the TTRZ can be 3 win-win <br />opportunity for the community and lXl. <br /> <br />TXl is 'willing to contribute $40.000 towards all dire~"1 Ol.ll-l)f-pock"t costs associated <br />with this proposal im:urred by the City ill the evaluation of this project. <br /> <br />1 . If the llRZ is created unJr::r tcmllS and conditions agreed to by TXl, the City <br />agrees that the $40.000 will be reimhursed to T:\.l by th~ TlRZ D'I..'11l the 1irst b,)nd <br />proceeds, or othcrv..ise from TJRZ revenllt"s. <br /> <br />2. Tf lht! TIRZ i$ nl"lt created unJ~r lem1S and conditi\)l1s agreed to by TXI. then the <br />City will hOlve no oblig,nion to rdmbul"se IXI !l)r any funds C'xpcnd~d by the <br />City. Ho",,'cvc:r. the City. '....hhin thirty (30) days an.:r rcco.:ipt "f~Tittea request by <br />TXT, shall proviLf~ a full accountin~ of all funds expended. aiong wiLh all n:cdpts <br />anu n rduud of :111 remaining funds. <br /> <br />3. All rcpolis cre~ted ~h.Jll be dune tor rhe joint bel1dit of: <br />a. the: Cily. <br />b. the:: S~hotJl Disrrict, <br />c. the:: Cc.'wuy. <br />J. the \Vater District, <br />c. TXl, and <br />f. TXT':; aniliates, a:53ig.nccs!designees. <br /> <br />Fach :ih~lIl h.)\'1.: ("qual access. at its 0\\11 Cl,)~t ~i.nd CXpCllSC to the information, <br /> <br />4, TXl shAlli have the right tv review and approve the rmvidcr anJ rh~ scope of the <br />proposcu economic impa.ct study, <br />