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<br />AGENDA ITEM 8: <br />CONSIDER APPROVAL OR OTHER ACTION REGARDING A UTILITY <br />EXTENSION AGREEMENT BY AND BETWEEN THE REINVESTMENT ZONE <br />NUMBER ONE, CITY OF LA PORTE, TEXAS ("LA PORTE ZONE") AND LA PORTE <br />REDEVELOPMENT AUTHORITY ("LA PORTE AUTHORITY") AND THE CITY OF <br />LA PORTE, TEXAS (THE "CITY"), AND 65 LA PORTE, LTD., A TEXAS LIMITED <br />LIABILITY PARTNERSHIP (THE "DEVELOPER") <br /> <br />This agreement is a Utility Extension Agreement (UEA) that establishes the City's oversight and <br />control over the design and construction of the trunk sewer and lift station. The design and <br />construction contracts would be let/owned by the developer with the City issuing joint checks to <br />the developer/design and developer/contractor as certain approvals and milestones are met. <br /> <br />New cost estimates are being prepared by the developer's engineers. Both agreements provide <br />for the possibility that the bids may exceed budgeted funds (see Section 8 of the UEA). <br /> <br />Also, attached is additional information provided to City Council on agenda items <br />7&8. <br />