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� ARTHUR � <br />ANDERSEN <br />Mr. Robert T. Herrera <br />Page 2 <br />June 16, 1997 <br />intent not to increase the current "annexed value' during the next contract period, even if <br />the proposed expansion takes place, thereby significantly increasing the "non -annexed <br />value." <br />• A calculation by the City of the estimated payment -in -lieu -of -tax for the period 1999-2008, <br />given the project assumptions outlined above, so Aristech may confirm their estimated <br />payment liability for the Industrial District. . <br />• The willingness of the City to consider changes in the Industrial District Agreement <br />renewal relating to the treatment of new construction as discussed above. <br />Currently, there is a wide disparity in the estimated property tax liability between La Porte and <br />the competing site in Neal, West Virginia. Any commitment by the City on these issues would <br />enable us to include these incentives as part of our financial analysis in support of the La Porte <br />site. <br />We appreciate your support of Aristech and any assistance you can give to help make this <br />expansion a reality in La Porte. If you have any questions, please call me at 713/237-2180. <br />Very truly yours, <br />ARTHUR ANDERSEN LLP <br />By J4 <br />Jeffrey S. Moore <br />Copy to: <br />Jim Lavorini, Aristech Chemical Corp. <br />Helen Lemmon, Arthur Andersen LLP <br />21 80\ clients\ sristeeh\citymgr <br />