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<br />. <br /> <br /> <br />e <br /> <br />e <br /> <br />b~: lYp;iC-, <br />II {2c. <br />(!,iJ <br />NF <br /> <br />City of La Porte. <br />Established 1892 <br /> <br />March 31 , 2004 <br /> <br />David Turkel, Administrator . <br />Harris County Housing & Economic Development <br />1310 Prairie, Suite 550 <br />Houston, TX 77002 <br /> <br />Via Facsimile <br />Regular Mail <br /> <br />RE: Bayforest Ranch, Ltd. . <br />Fair Mist Apartments, Ltd. <br /> <br />Dear Mr. Turkel, <br /> <br />As these projects progressed through staff and Planning and Zoning Commission review, the City learned <br />more about Harris County Housing Authority's proposed participation and ownership of these two <br />projects. <br /> <br />. <br /> <br />Per our conversation yesterday, one area of concern express~d is the lost tax revenue if these projects are <br />approved and Harris County becomes the owner. This concern is amplified for the proposed Bayforest <br />Ranch, which is located within the City's Tax Increment Reinvestment Zone Number One. <br /> <br />You indicated that Harris County has, on occasion, agreed to make payments in.lieu of taxes to <br />compensate for lost tax revenues. If you would like to provide more information and assurances <br />regarding the County's willingness to make in-lieu payments, I will gladly forward the material to City <br />Council, Planning and Zoning Commission and the TIRZ Board. <br /> <br />If you prQvide more information, please confirm the potential for in-lieu payments for each project and <br />each taxing authority (City, LPISD and Harris County). Based on our conversation, it is my <br />understanding the County would only compensate the City's lost tax revenue. <br /> <br />Presently, the Fair Mist Apartments rezoning request is scheduled to be in front of City Council on April <br />26, 2004. The Bayforest Ranch project has recently withdrawn their request for consideration by the <br />Planning and Zoning Commission. At this time we do not know if or when they will re-apply. <br /> <br /> <br />---........... <br /> <br />. <br /> <br />JJ/ml <br />c: <br /> <br />Debra B. Feazelle, City Manager <br />Dr. Molly Helmlinger, LPISD Superintendent <br /> <br />604 W. Fairmont Pkwy. · La Porte, Texas 77571 · (281) 471-5020 <br />