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11-08-17 LPRDA/TIRZ
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11-08-17 LPRDA/TIRZ
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City Meetings
Meeting Body
La Porte Redevelopment Authority/TIRZ
Meeting Doc Type
Agenda Packet
Date
11/8/2017
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Project Costs <br />Infrastructure costs the developer is seeking reimbursement for include, paving, drainage, water and <br />sewer costs. A summary of public infrastructure costs is shown in Table 2. <br />Table 2 <br />Project <br />Cost <br />Section A - Paving <br />$433,125 <br />Section B - Drainage <br />$132,125 <br />Section C - Waterline <br />$140,350 <br />Section D —Sanitary Sewer <br />$110,800 <br />Total Costs <br />$816,400 <br />Recommendation <br />Anticipated revenues from the development exceed the projected costs the developer is seeking <br />reimbursement for. Based on the revenue analysis prepared for this project, the developer could be <br />reimbursed for the public improvements over time, as increment from the development is generated. <br />
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