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<br />REINVESTMENT ZONE FINANCING PLAN
<br />
<br />1. A DETAILED LIST DESCRIBING THE ESTIMATED PROJECT COSTS OF THE
<br />ZONE, INCLUDING ADMINISTRATIVE EXPENSES AND A STATEMENT LISTING
<br />THE KIND, NUMBER, AND LOCATION OF ALL PROPOSED PUBLIC WORKS
<br />OR PUBLIC IMPROVEMENTS IN THE ZONE
<br />
<br />Table A lists the estimated project costs for the Zone. It is anticipated that the taxing
<br />units and developers will advance funds for the public improvements and will be
<br />reimbursed as provided in separate agreements and other documentation between the
<br />taxing units, developers, the Redevelopment Authority (references made herein to the
<br />Authority are made in anticipation of its creation) and the Zone. The infrastructure
<br />improvement costs are stated in 1999 dollars and may be inflated by the CPI-U. Line
<br />Item amounts may be adjusted with approval of the TIRZ Board of Directors. It is
<br />anticipated that the La Porte Independent School District (LPISD) will expend
<br />approximately $29.7 million for. education related project costs. As provided for in
<br />Chapter 311, Texas Tax Code and its participation agreement between the City, Zone
<br />and LPISD, the District may expend approximately 43%of its total tax participation for
<br />educational purposes.
<br />
<br />TABLE A
<br />Estimated Zone Project Costs
<br />
<br />Non-Education Projects
<br />Roadway & Associated Storm Drainage Improvements
<br />Powell Road
<br />Powell Road South
<br />McCabe Road (East of SH 146)
<br />McCabe Road \Nest of SH 146)
<br />San Jacinto Street
<br />Park Street
<br />Bayshore Drive
<br />Sens Road
<br />Broadway Street
<br />Fairmont Parkway Overpass
<br />Design and Construction of Sidewalks
<br />Sub-total
<br />Utility Improvements
<br />Design and construction of Drainage
<br />Design and Construction of Water Lines
<br />Design and Construction of Storm Sewer
<br />Design and Construction of Sanitary Sewer
<br />Sub-total
<br />Conference Center Associated Costs
<br />Public Parking Facility
<br />Supporting Public Infrastructure
<br />Public Landscaping
<br />
<br />Estimated Costs
<br />
<br />3,000,000
<br />1,170,000
<br />2,200,000
<br />605,000
<br />2,400,000
<br />1,700,000
<br />1,700,000
<br />1,010,000
<br />1,960,250
<br />4,250,000
<br />975,000
<br />$ 20,970,250
<br />
<br />Sub-total
<br />
<br /> 4,095,000
<br /> 450,000
<br /> 1,209,000
<br /> 2,700,000
<br />$ 8,454,000
<br /> 6,500,000
<br /> 975,000
<br /> 650,000
<br />$ 8,125,000
<br />
<br />Project Plan and Reinvestment Zone Financing Plan
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