District 23 Street Paving - EDC Project

Funding

Budget Expenditures
Encumbrances Budget Remaining
Fiscal year 10-11
$175,000



Fiscal Year 11-12




Fiscal Year 12-13




Fiscal Year 13-14




Fiscal Year 14-15
       
Total
 $175,000      $175,000

Project Description
Street paving for the development of a 22-acre light industrial park adjacent to South 14th Street between West “D” and West “G” Streets (Sector 23 Area).

First Quarter FY 14-15
This project is still pending. The 4B Board is currently waiting for the owner of the Sector 23 Project to comply with requirements of the City’s Planning/Engineering Department, enter into a development agreement with the 4B Board, complete the proposed project, and then request payment per the terms of the development agreement.

Second Quarter FY 14-15
The Board of the La Porte Development Corporation voted on Monday, 9 February 2015, to remove the offer of $175,000 for this project and return the funds to the LPDC’s General Fund Balance.