07-15-2004 Regular Meeting and Public Hearing of the La Porte Planning and Zoning Commission

Browse Search

• ISSUE/CONCERN: Market analysis. • 2 RESPONSE: Completed. The study does not focus on La Porte; rather, the study looks at a "regional" picture. The mazket study done for The Preserve at Taylor Bayou quotes the "area's" apartments at an occupancy range from 85% to 93% with the overall average of 90.05%. The occupancy rate for Class A apartments in 2003 was 88.59%. The absorption rate for apartments is currently 12 to 18 months from completion of construction with stabilization occurring at 15 months on the average. 27.4% of the regions households were renters. ISSUE/CONCERN: Provide a draft Parkland Dedication Instrument. RESPONSE: Complete. Generic document was received; nothing approved or accepted as intended. ISSUE/CONCERN: Financing. Provide confirmation/proof of funding allocation. RESPONSE: On March 26, 2004, the City received documentation from Metropolitan Funding Corp. citing their commitment to providing funding for the project pending "...resolution of the outstanding issues and market penetration...". During a subsequent conversation with Mr. Robert Burchfield, he identified the outstanding issues as utilities (primarily sewer) and "ownership" of the trails associated with the preserve. ISSUE/CONCERN: Lift Station/ACOE approval. RESPONSE: Incomplete. A letter from the developing engineer, received on Mazch 1, 2004, indicates that a plan has been submitted to the Corps. ISSUE/CONCERN: Environmental issues. Provide assessment approved by ACOE. RESPONSE: Incomplete. A letter from the developing engineer, received on Mazch 1, 2004, states that a study will be performed and submitted to the Corps. ISSUE/CONCERN: Trails. Provide a letter of confirmation from the Legacy Land Trust approving the layout and accepting maintenance, management responsibilities of the conservation easement. Additionally, provide a final plan for the trails stating exact trail layout, trail materials used, other structures being built, and estimated yearly maintenance costs.