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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />It <br /> <br />MKINS & ARMSTRONG. P. C. <br />.. ATTORNEYS AT LAW <br /> <br />Robert T. Herrera <br />August 4, 1998' <br />Page 2 <br /> <br />This is not to say that a TIF Zone could not be created under <br />appropriate circumstances, in the City of La Porte. Typical uses <br />of TIF Zones are for the remediation and redevelopment of blighted <br />or economically depressed areas. The purpose of the TIF Zone in <br />that type of situation would be remedial, and would not tend to <br />create a preference over other individuals or groups. <br /> <br />In conclusion, it is my opinion that if the City Council of the <br />City of La Porte determines as a policy matter to give taxpayer <br />subsidies through the creation of TIF Zones for new residential <br />development, such Zones should be offered to all similarly situated <br />developers of new residential subdivisions. However, the City's <br />economic advisers should be consulted on the economic impact of <br />such an action by the City, which impact I would assume would be <br />quite unfavorable to the City of La Porte. <br /> <br />Please let me know if I can be of any further assistance. <br />'/ <br /> <br />z;;;;:;;?:/~ <br /> <br />Knox W. Askins <br />City Attorney <br />City of La Porte <br /> <br />KWA: sw <br /> <br />- <br /> <br />- <br />