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<br />q . ~ <br /> <br />. <br /> <br />. <br /> <br />Mr. Charles Schneider, ill <br />January 10, 1995 <br />Page 2 <br /> <br />As you may know, most cities that offer an abatement of taxes do so only for a nominal <br />period of time, usually ten (10) years. The City of La Porte's program is an ongoing <br />program that is renewed every seven (7) years with participants. We now have corporations <br />who will have enjoyed 40 years of reduced tax benefits since executing an Industrial District <br />Agreement Contract. <br /> <br />I sincerely wish you well in your decision, and I hope La Porte is part of the equation. If <br />lor my Mayor can help you, please do not hesitate to contact us. <br /> <br />Sincerely, <br /> <br />Q~T~~ <br /> <br />Robert T. Herrera <br />City Manager <br /> <br />R TH/ cjb <br />EnclosUre <br />cc Mr. Kyung-Don Yu, Senior Tax Attorney <br />Mr. Douglas J. Pike, Marketing Manager - Propylene Oxide <br />Mayor Norman Malone <br />