1999-05-17 Special Called Meeting and Workshop Meeting

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Attachment • to letter Dr John Sawyer 5/5/99 La Porte, Texas Consideration of Tax Increment Reinvestment Zone Number One Background • In late fall TXI requested City to consider a TIRZ • December 7, 1998 - TXI withdrew their request • Administration asked that Council still consider a TIRZ • City Council asked staff to return with additional information • City Council Subcommittee and staff develop draft guidelines for Creation of a TIRZ • March 15, 1999 - City Council approved Ordinance No. 2316 calling for a May 24, 1999 Public Hearing • March 5, 1999 - the proposed guidelines were mailed to interested landowners, developers and brokers • City hosted a meeting on March 31, 1999 to review, discuss and take input on guidelines UpcomingEvents vents • May 11, 1999 - City of La Porte Presentation to La Porte Independent School District • May 17, 1999 - La Porte City Council Workshop - review draft TIRZ Guidelines • May 18, 1999 - City of La Porte Presentation to Harris County • May 24, 1999 - La Porte City Council considers formal approval of TIRZ Guidelines • May 24, 1999 - La Porte City Council to conduct Public Hearing on Creation of TIRZ No.1 • May 24, 1999 - La Porte City Council considers ordinance creating TIRZ No.1 Future Actions (If Reinvestment Zone No.1 is created) • City Council approves resolution creating Redevelopment Authority • City Council appoints Board Members to TIF and Redevelopment Boards • Project Plan and Reinvestment Zone Financing Plan are finalized • Redevelopment Board approves Project Plan and Reinvestment Zone Financing Plan • City Council considers approval of TIF Project Plan and Reinvestment Zone Financing Plan Transmit TIF Project Plan and Reinvestment Zone Financing Plan to taxing units Finalize participation agreements negotiated with other taxing units (La Porte Independent School District and Harris County)