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<br />IT. Reasons For Seeking Abatement <br /> <br />Preferred Freezer Services is proud of the business model it has formulated over the <br />past 17 years. Integral to that business model is the development of state of the art, <br />standardized refrigerated warehouses that can be built quickly and efficiently. The <br />financial burden of constructing and operating these state of the art facilities. is <br />substantial. The reason Preferred Freezer Services is seeking the tax abatement with <br />La Porte and Harris County is the abatement will lessen the financial burden, which <br />will allow us to stay competitive in the market place. <br /> <br />ill. Describe The Project <br /> <br />A. Facts about the proposed site (acreage, cost, location; ownership). <br /> <br />The proposed site is 10.1 acres in the Underwood Business Park in La Porte, TK. <br />Cost of the land will be $1,300,000. The current owner of the property is Clay <br />Development and Construction, Inc. <br /> <br />B. Type and value of proposed improvements (budget, list of fixed in place <br />equipment to be included in the project). <br /> <br />Preliminary construction costs of proposed 167,381 square foot facility: <br />Hard Costs <br />Foundations <br />Concrete Slabs <br />Structural Steel & Misc Iron <br />Racking <br />Tilt Up Concrete WaIls <br />Siding & Insulation <br />Roofing <br />HVAC <br />Plumbing <br />Building Sprinkler <br />Electric <br />Refrigeration (see below) <br />FKI Condors (see below) <br />Glass and Glazing <br />Carpentry <br />Doors & Hardware <br />Drywall & Metal Stubs <br />Painting <br />Floor Covering <br />Ceilings <br />Overhead doors/Dock Equipment <br />Standby Generator <br />Total Hard Costs <br /> <br />$ <br /> <br />$ <br /> <br />250,500 <br />888,488 <br />1,183,500 <br />1,456,800 <br />575,500 <br />580,510 <br />802,247 <br />81,200 <br />145,800 <br />535,847 <br />672,500 <br />854,800 <br />1,600,000 <br />52,100 <br />96,900 <br />37,100 <br />138,400 <br />68,400 <br />49,300 <br />31,400 <br />157,200 <br />225,000 <br />10,483,492 <br />