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<br />City of La Porte <br /> <br /> <br />Interoffice Memorandum <br /> <br />CONFIDENTIAL <br /> <br />To: <br /> <br />TIRZ I La Porte Redevelopment Bo rd <br /> <br /> <br />From: <br /> <br />John Joerns, Assistant City M <br /> <br />cc: <br /> <br />Mayor and Council <br />Debra B. Feazelle, Ex-Officio <br />Cynthia Alexander, Ex-Officio <br />Knox Askins, Ex-Officio <br />David Hawes, Board Consultant <br /> <br />Date: <br /> <br />July 28, 2005 <br /> <br />Subject: <br /> <br />Lakes at Fairmont Green <br />(Arete Development) <br />Previous Memorandum dated June 1, 2005 <br /> <br />Re: <br /> <br />At this point it is my understanding that Arete Development has secured the funding for <br />development ofthe subdivision. The funding is based on; <br /> <br />o Successfully establishing a PID <br />o Securing other funding source(s) for the trunk sewer main <br /> <br />This will obviously need to be confirmed (Mr. Fogarty is out of town). As discussed in previous <br />memorandum, the staff will visit with Council about the possibility of funding the trunk main <br />and entering into a reimbursement agreement with the TIRZ/Redevelopment Authority. <br /> <br />]Jlml <br />