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l~ <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: August 8. 1994 <br />Requested By: Robert T. Herrera Department: Administration <br />Report Resolution XX Ordinance <br />Exhibits: <br />1. Ordinance #94 <br />2. Letter of Agreement to Harold Pfeiffer <br />3. Option Agreement <br />A. Promissory Note <br />B. Ordinance #95- <br />C. Opinion Letter to be furnished at a later date <br />SUbIlVIARY & RECOMMENDATION <br />The City of La Porte over the last several years has pursued the enhancement of <br />recreational and passive leisure activities for its community residents. As identified <br />within the City's 1985 Comprehensive Plan, the Visions ' 89 Goals Report and the <br />Bayfront Master Plan of 1993, the City recognizes the need to obtain or control with <br />some degree the development of Bay Front property in an effort to meet the long-range <br />plans called for within these documents. <br />The attached ordinance allows the City to obtain an option on the property formerly <br />known as the Sea Breeze Sailing Club from Mr. Harold Pfeiffer. Once executed, the <br />City will be committed to the acquisition of the property in January 1995. <br />The financing package enclosed will not.adversely impact the City's tax rate. Staff <br />recommends a favorable consideration for this request. <br />Action Required by Council: <br />Approve Ordinance #94- to obtain the option to acquire property in <br />January 1995. <br />Availability of Funds: <br />XX General Fund Water/ Wastewater <br />Capital Improvement General Revenue Sharing <br />Other <br />Account Number: Funds Available: XX YES NO <br />Approved for City Council Agenda <br />Robert T. Herrera Date <br />City Manager <br />