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<br />e <br /> <br />e <br /> <br />Jo~ " <br /> <br />City of La Porte <br />Interoffice Memorandum <br /> <br />To: '~JOhn Joerns, Assistant City Manager <br />From: eft Litchfield <br />Date: uly 1, 2001 <br />Subject: Tax Increment Reinvestment Zone Project <br /> <br />I have completed a review of the Financial aspects of the City of La Porte Tax Increment Zone <br />(TIRZ) which was created in 1999. My review consisted of: <br /> <br />. Reviewing the creation ordinances and preparing a detail list of all properties located in <br />the Zone, <br />. Transferring the above information to the Harris County Appraisal District maps, in a <br />manner where they can be used to readily identify if a ,property is or is not located in the <br />zone, <br />. Preparing a report on what the City's and LPISD's participation for the current year is, <br />and <br />. Preparing a' procedure the City can follow each year to collect amounts due the TIRZ <br />from the City, School District and County. <br /> <br />The amount of taxes that will be place in the TIRZ for its first year are $8,641.10 from the City <br />and $19,615.97 from the School, with $9,266.44 of the School's being placed in the Education <br />Facilities Projects bucket. <br /> <br />DETAIL LIST OF ALL PROPERTIES LOCATED IN THE ZONE <br /> <br />Attached is a list of all properties located in the Zone. I created this list in the following manner. <br /> <br />I began with the two reports that had been prepared during the discussion phases of the zone. <br />Since there were so many variations of the Zone before its final creation, I was concerned that <br />some properties might be missed so I took the creation Ordinance 99-2325 and the enlarging <br />Ordinance 99-2350 and compared the lists to the maps and legal descriptions included in the <br />Ordinances. To complete this phase of the project, I visited HCAD's website and printed each <br />parcel map that contained TIRZ accounts. I was able to compare these maps to the ordinance <br />information to see what was in the TIRZ and what was not. As a result, I ended up with a <br />complete list of all the properties in the District. I added 63 properties to the list. <br /> <br />PREPARATION OF AN HeAD MAP WITH THE TIRZ BOUNDARIES. <br /> <br />Since the parcels maps printed from HCAD's website were so voluminous, I obtained copies of <br />the larger facet maps from Brian Sterling. I transferred the boundaries to the large maps, which <br />can be used for future reviews. ' <br /> <br />1 <br />