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<br />Feb. 19. 2008 4:22PM <br /> <br />City of La Porte <br /> <br />No. 2976 P. 2 <br /> <br />City of La Porte <br />Interoffice Memorandum <br /> <br />~ <br />~~1 <br /> <br />To: <br /> <br />All LPEDC Board Members <br /> <br />From: <br /> <br />Gretchen Black, EDC <br /> <br />Through: John Joems, ACM <br /> <br />- <br /> <br />Date: February 17, 2008 <br /> <br />- <br /> <br />Su bject: <br /> <br />Sylvan Beach Shoreline Protection and Beach Renourishment Project <br />Public Hearing <br /> <br />-. <br /> <br />Attached you will find information related to the Public Hearing for the Sylvan Beach <br />Shoreline Protection and Beach Renourishment Project. This project was considered by <br />the TIRZ Board in January of 2004 and approved by the City Council for funding as a <br />TIRZ Project in March of 2004. <br /> <br />- <br /> <br />As you know this was a project in the original TIRZ Project Plan, however, it will be <br />many years before any funds would be available from the TIRZ for repayment to the <br />entities involved. Therefore, in case it is necessary to move this project forward, we are <br />also exploring other funding options. <br /> <br />At your previous meeting on the 4th you authorized staff to proceed with calling a Public <br />Hearing. The notice of a public hearing has been published in the Bayshore Sun and a <br />project plan is on file in the Office of the City Secretary and is included in the attached <br />information. <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />We are not asking the Board for a decision at this time as to the exact amount of the <br />funding or whether or you would expect repayment from the TIRZ at a future date. <br />These decisions will be asked of the Board at a meeting closer to the end of the 60 day <br />window for public objections to the project on or after April 28, 2008. We are fairty <br />confident that the County will come through with possibly all of the remaining funding <br />needed but nonetheless desire a back up plan just in case as this is a very important <br />project for us and vital to the success of the proposed hotel project. We will keep you <br />apprised of the decisions of the County as we move forward. <br /> <br />We look forward to discussing this with you at the meeting however, should you have <br />questions in advance of the meeting please feel free to let us know. <br /> <br />- <br /> <br />- <br /> <br />- <br /> <br />Cc: Ron Bottoms, City Manager <br /> <br />- <br />