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~~r~~e~. <br />~ ~~~~ ~~ <br />.z ~ :~. <br />~w:~. <br />~ ~~ .r: <br />March 31, 2004 <br />David Turkel, Administrator <br />Hams County Housing & Economic Development <br />1310 Prairie, Suite 550 <br />Houston, TX 77002 <br />RE: Bayforest Ranch, Ltd. <br />Fair Nlist Apartments, Ltd. <br />Dear Mr. Turkel, <br />~c; ~- ~~~ <br />r ~~ <br />r ~~~ <br />. CA <br />., <br />~~ <br />~~~:~~ ~v~~~r ~~~;, <br />Via Facsimile <br />Regular )4lail <br />As these projects progressed through staff and Planning and Zoning Commission review, the City learned <br />more about Harris County Housing Authority's proposed participation and ownership of these two <br />projects. <br />Per our conversation yesterday, one area of concern expressed is the lost tax revenue if these projects are <br />approved and Harris County becomes the owner. This concern is amplified for the proposed Bayforest <br />Ranch, which is located within the City's Tax Increment Reinvestment Zone Number One. <br />You indicated that Hams County has, on occasion, agreed to make payments in-lieu of taxes to <br />compensate for lost tax revenues. If you would like to provide more information and assurances <br />regarding the County's willingness to make in-lieu payments, I will gladly forward the material to City <br />Council, Planning and Zoning Commission and the TIRZ Board. <br />If you provide more information, please confirm the potential for in-lieu payments for each project and <br />each taxing authority (City, LPISD and Hams County). Based on our conversation, it is my <br />understanding the County would only compensate the City's lost tax revenue. <br />Presently, the Fair iVlist Apartments rezoning request is scheduled to be in front of City Council on April <br />26, 2004. The Bayforest .Ranch project has recently withdrawn their request for consideration by the <br />Planning and Zoning Commission. At this time .we do not know if or~when they will re-apply. <br />ohn Joerns <br />Manager <br />JJ/ml <br />c: Debra B. Feazelle, City Manager <br />Dr. Molly Helmlinger, LPISD Superintendent <br />E+~ ~ 1;~7. Fairmont Pktivy. • I.a forte, Texas ?:5'?1 + (28'1) X71-5U20 <br />