Laserfiche WebLink
'�_ - <br />X <br />L <br />U /- M <br />TEXAg <br />July 24, 1997 <br />Mr. Jeffery S. Moore <br />Arthur Anderson LLP <br />711 Louisiana Street, Suite 1300 <br />Houston, TX 77002-2786 <br />Dear Mr. Moore: <br />1] <br />City of La Porte <br />Established 1892 <br />In response to your inquiry regarding the proposed polypropylene expansion at <br />the Aristech Chemical Corporation plant located in the Battleground Industrial <br />District, I offer the following. <br />The City welcomes the expansion and believes you will find it a good fit with the <br />existing multitude of corporations that have chosen La Porte as one of their <br />principal sites. Because of its geographic location, our area has always been a <br />leader in the chemical industry. We believe the tax abatement agreements, <br />delivered through the Industrial District Agreement concept, have been a <br />contributing factor to this growth. <br />The City of La Porte created its first Industrial Zone in 1958 and, since that time, <br />has continuously offered Industrial District Agreements. <br />In response to your specific questions, The City currently has a tax abatement <br />agreement with Aristech and will support Aristech in its attempt to secure any tax <br />incentives available from other taxing entities. <br />The end of the current contract period (December 31, 2000) will mark 42 <br />consecutive years that abatement has been offered in the Industrial Zone. At this <br />time, the City has no plans to terminate this arrangement and fully expects to <br />enter into a new series of agreements. Regarding the terms of the agreement, <br />we do not foresee any drastic change being made to future contracts. Further, <br />while we do not understand your concern regarding the "annexed "value versus <br />the "non -annexed" value, we will state that we do not anticipate a change in the <br />current methodology. <br />P.O. 13t)x 1115 • La Po rte. Texas 7757Z-11 l5 0 (713) 471-5020 <br />