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w w <br />C] <br />Pltonc 6f 8-0442 <br />~Te ~ rYl ~ 8c <br />I N V E S T M E N T <br />moo. I~-zc. <br />P R O P E R T I E S <br />2 Houstotr Cctrtcr, Srrltc 3405, Houston, Texas 77002 <br />• <br />• <br />November 10, 1980 <br />Ms . Betty T+laters <br />City Secretary <br />City of La Porte <br />P. 0. Box 1115 <br />La Porte, Texas 77571 <br />Dear Ms. Waters: <br />I own a tract of land approximately 420 feet North of the <br />intersection of Old Highway 146 and McCabe Road containing 2.8818 <br />acres. This property was re-zoned on the 6th day of March, 1978 <br />in accordance with Ordinance No. 780-NN. The property was re- <br />zoned for a period of two years, which of course, has now expired. <br />We had intended to build 92 apartment units back at that <br />time, but were unable to secure sufficient financing because of <br />developments in the money market. Therefore, the project was <br />not constructed. We would like to attempt to reapproach the <br />project at this time and, therefore, request that the zoning <br />ordinance be renewed. <br />We believe that the property's location and corresponding <br />value indicates that the highest and best use would be for higher <br />density, such as apartments, etcetera. We therefore request <br />that the re-zoning.., of the tract be on a permanent basis. With <br />the money market so uncertain, we cannot be sure when all of the <br />elements allow us 'to commence construction. Therefore, we would <br />greatly appreciate the additional flexibility provided by such <br />permanent zoning. <br />If you would like to see the working drawings and specifica- <br />tions for the apartments, I would be most happy to supply same. <br />I enclose herewith a copy of the old Ordinance and a survey plat <br />along with the $100.00 Application Fee. <br />Since ly yours <br />F. rrin to eems <br />FCW/hm <br />~~ <br />