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<br />• <br />Furthermore, the growth of business in the Development Zone should be the catalyst for new <br />development adjacent to the area. <br />The closing of approximately 70% of the existing undeveloped public right-of--way in the <br />aforementioned area would not only benefit commercial development but also generate <br />approximately $500,000 in revenues to the City of La Porte's General CIP Fund. Preliminary layouts <br />anticipate 3000 LF of roadway improvements at a cost of approximately $420,000. <br />Preliminary estimates indicate receipts from water front foot fees would be approximately <br />$97,400 with receipts from sanitary sewer front foot fees amounting to approximately $93,400 for a <br />total of $190,800 to the City of La Porte's Utility CIP Fund. Preliminary layouts anticipate 6300 LF <br />of sanitary sewer improvements at a cost of approximately $125,000; and 8300 LF of water line <br />improvements at a cost of approximately $115,000 for a total of $240,000. <br />Staff request approval of the Development Plan concept to actively move forward with <br />property owners in the creation of an action plan for the proposed area. Upon completion of meetings <br />with property owners and the Planning and Zoning Commission, staff will request Council adoption <br />of the Development Plan. <br /> <br />