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2013 AMENDMENT <br />PROJECT PLAN <br />I. EXISTING USES AND CONDITIONS OF REAL PROPERTY WITHIN THE AREA OF THE ZONE <br />Tax Increment Reinvestment Zone Number One, City of La Porte ("Zone") consists of property generally <br />located along the east and west side of State Highway 146 south of Fairmont Parkway. The Zone also <br />includes property near Sylvan Beach Park. Existing development within the Zone consists of residential, <br />commercial, and light industrial development. The below map shows existing conditions of the Zone. <br />As also depicted in the map, the Zone is proposed for enlargement and will include approximately 33.4 <br />acres of land at the northwest corner of Spencer Highway and Sens Road. The enlargement area will be <br />developed for residential and commercial use. <br />The purpose of this Plan Amendment is to provide for the construction of public utilities and storm <br />water detention facilities to accommodate the development within the proposed enlargement area of <br />the Zone. The tax increment revenue to fund the public improvements will come from the increase in <br />taxable value in the enlargement area of the Zone. <br />3 of 6 <br />