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<br />t <br />j. <br /> <br />valuation on the Captured Appraised Value, and interest earned thereon, shall be applied to the <br /> <br />payment of non-educational facilities Project Costs, including Administrative Costs and School <br /> <br />Support Expenses. The remaining portion of the LPISD Tax Increment Participation, and interest <br /> <br />earned thereon, shall be paid to LPISD by the City, the La Porte Zone or the LaPorte Redevelopment <br /> <br />Authority on an annual basis to be used by LPISD for Educational Facilities Project Costs, within the <br /> <br />La Porte Zone or the City. <br /> <br />All funds paid to LPISD pursuant to this Section V. C. shall come from the La Porte Zone <br /> <br />LPISD Tax Increment Participation. Neither the City nor the La Porte Zone shall ever be obligated to <br /> <br />set aside for or pay to LPISD any funds' other than LPISD's portion of funds derived from the La Porte <br /> <br />Zone, nor shall the City or the La Porte Zone ever be obligated to expend any funds other than funds <br /> <br />made available by LPISD after payment pursuant to this Section V.C. to finance, acquire, construct or <br /> <br />reconstruct any Educational Facilities Projects Costs. <br /> <br />D. Control of Educational Facilities <br /> <br />The parties agree that all decisions regarding location, acquisition, construction, reconstruction <br /> <br />and educational content of LPISD educational facilities in or to serve the La Porte Zone will be in the <br /> <br />control of LPISD. Nothing in this subsection shall be construed to relieve LPISD of the obligation to <br /> <br />comply with all City ordinances and regulations applicable to the construction and operation of any <br /> <br />educational facility by or on behalf ofLPISD. <br /> <br />AMJ\\767\8.\ \INTERLOCAL AGRM1\LPISD\3668.4 <br />