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    The document discusses a proposed town center project for a city that aims to create a vibrant commercial district, preserve the city's island image, expand the sales tax base, and attract new businesses. Specifically, the project would enhance the city entrance, add sidewalks, parking, landscaping, lighting, a pedestrian bridge over a bayou, and areas for events. Voters are being asked to approve letting the Economic Development Corporation borrow up to $900,000 for the project, which would be repaid through EDC sales tax revenues without affecting taxes. The total estimated cost of improvements is $1.2 million, with the EDC contributing $300,000 over 3 years.

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    The document discusses a proposed town center project for a city that aims to create a vibrant commercial district, preserve the city's island image, expand the sales tax base, and attract new businesses. Specifically, the project would enhance the city entrance, add sidewalks, parking, landscaping, lighting, a pedestrian bridge over a bayou, and areas for events. Voters are being asked to approve letting the Economic Development Corporation borrow up to $900,000 for the project, which would be repaid through EDC sales tax revenues without affecting taxes. The total estimated cost of improvements is $1.2 million, with the EDC contributing $300,000 over 3 years.

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    Download as PDF, TXT or read online from Scribd
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    17 views2 pages

    City Ro ?: Entrance Tomor W

    Uploaded by

    api-26316766
    The document discusses a proposed town center project for a city that aims to create a vibrant commercial district, preserve the city's island image, expand the sales tax base, and attract new businesses. Specifically, the project would enhance the city entrance, add sidewalks, parking, landscaping, lighting, a pedestrian bridge over a bayou, and areas for events. Voters are being asked to approve letting the Economic Development Corporation borrow up to $900,000 for the project, which would be repaid through EDC sales tax revenues without affecting taxes. The total estimated cost of improvements is $1.2 million, with the EDC contributing $300,000 over 3 years.

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    of 2

    TOWN CENTER

    City Entrance Tomorrow?


    PROJECT OBJECTIVES
    • Create a vibrant commercial
    district
    • Preserve the City's island im-
    age
    • Expand & diversify the City's
    Sales Tax Base
    • Create a pedestrian oriented
    district
    • Attract businesses that appeal
    to residents
    • Leverage our "Yachting Capi-
    tal of Texas" brand

    A conceptual rendering of what the Clear Lake Road entrance could look like

    City Entrance Today

    WHAT THE PROJECT INCLUDES


    • Right turn lane onto FM 2094
    • Enhanced entry into Clear Lake Road
    • Sidewalks
    • Paved public parking
    • Landscaping & lighting
    • Pedestrian bridge over Jarboe Bayou
    • Area for events such as Farmers Market
    • Handicap accessibility
    • Golf cart, bicycle & walking paths and parking
    YOUR VOTE

    ** *. J
    WILL MAKE
    THIS HAPPEN

    EARL Y VOTING
    April 26th- April 28th vote 7 am-7 pm
    April 29-May 4 during regular hours

    ELECTION DAY
    May 8th - Polls open 7 am-6 pm

    Your vote will allow EDC to borrow up to


    $900,000 with these benefits:
    • Construction cost savings---cost are lower
    today.
    • Project can be coordinated with grant
    funded paving of Clear Lake and Aspen.
    • Uses less city cash.
    • Makes area attractive to new businesses.
    • Eliminates risk project will never be [m-
    ished.
    • Allows enjoyment of benefits sooner.
    The loan will be secured by EDC sales tax
    revenues that can only be used for economic
    development. There is no liability to the
    city or the citizens. IT WILL NOT AF- ./
    FECT TAXES AND CANNOT BE RE- Proposed pedestrian walk at Jarboe Bayou
    PAID EXCEPT FROM EDC SALES TAX
    I'" REVENUES.
    Please vote early at City Hall and ask friends and
    neighbors to vote. Low voter turnout allows a small
    'OTE
    minority to rule. \ I

    $HOW ME THE MONEY


    Infrastructure requires long term investment. The following
    costs are approximate and based on engineers estimate and
    represent some of the typical proposed improvements.

    • Entrance with landscape & lighting $ 90,000

    • Clear Lake Road landscape, lighting & walks $190,000

    • Pedestrian bridge across Jarboe Bayou $167,000

    • Aspen West walks, landscape & lighting $148,000

    • Aspen East walks, landscape & lighting $140,000

    • Pave, landscape & light public parking lot $170,000

    • Public plaza $315,000


    TOT AL INVESTMENT $1,200,000
    Less loan investment ($900.000)
    EDC contribution over 3 years $300,000
    Pol. Adv paid by R. Richards
    j4f,o'Oo -{ 1\0 tJA/ (J
    • ~r l"f 'Or$;

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