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r <br />• <br />Additional Covenants <br />o Covenant the creation of an Interest and Sinking Fund that continues beyond the life of <br />any fmancing or tax credits <br />o Create a property owners association that is subject to and part of the Homeowners <br />Association created for the adjacent single-family development <br />o Covenants regarding maintenance and upkeep of buildings, lawns, clubhouse, open <br />spaces, and appropriate adjacent lands <br />^ Provide a different mix of units offered <br />o Consider a mixture of 2, 3 and 4 bedroom units vs. 100-4 bedroom units to reduce new <br />student impact on LPISD <br />^ Provide a system that gives priority to existing La Porte residents <br />^ Any other provisions established by the P&Z and City Council during the approval process <br />Again, we understand that the Council has to consider a number of issues regarding the Housing Tax <br />Credit projects proposed in our City. Our intent is to provide input only for this project within the <br />TIRZ and we certainly respect any position the Council establishes. <br />Sincerely, <br />~~~ <br />Alton Porter <br />Chairman of the Board <br />AP/ml <br />c: TIRZ/Redevelopment Boazd of Directors <br />Debra B. Feazelle, City Manager <br />John Jcerns, Assistant City Manager <br />Cynthia Alexander, Assistant City Manager <br />