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<br />I <br />I <br />~' ~ , <br />.r I <br /> <br />l DA <br /> <br />,) ,'J.,. <br />l"_e,,; ", ,.'- <br /> <br />I <br />, L' <br />,......' <br /> <br />HUNTSMAN <br /> <br />c <br /> <br />CERTIFIED MAIL - <br />Return Receipt Requested No. Z 497 787 921 <br /> <br />, April 7, 2000 <br /> <br />Mr. Robert T. Herrera <br />City Manager <br />City of La Porte <br />P.O. Box 1115 <br />LaPorte, Texas 77572-1115 <br /> <br />Re: Huntsman Polymers Corporation <br />(formerly Rexene Corporation) <br />Industrial District Agreement - City of La Porte <br /> <br />Dear Mr. Herrera: <br /> <br />Huntsman Polymers Corporation (formerly Rexene Corporation) is in receipt of the <br />proposed 2001 renewal agreement for the City of La Porte's Industrial District Agreement. 7 <br />Huntsman Polymers Corporation ("Huntsman") would like to discuss the proposed <br />agreement with the Ci!y. ~ ,~=--~- :;; <br />~- ....... :--~ <br /> <br />In addition, Huntsman would like to discuss, the land values whicn are to be included in <br />this new agreement as well as the values included in the City's prior payment <br />calculations. It has come to our attention that the City of La Porte has been including the <br />value of the entire tract of land (360.26 acres) in the calculated payments since the <br />inception of the current contract (January 1, 1994). Survey maps of the subject property <br />indicate that approximately 152.12 acres are within the City of Pasadena Industrial District <br />and approximately 17.90 acres are within the City of Pasadena. According to calculationS( <br />on the City of La Porte tax bills, approximately 12.39 acres lie within the City of La Porte.\ <br />Therefore, only 177.85 acres fall within the City of La Porte's Industrial District. :.-J <br /> <br />The attached worksheet details the overpayments to date in the amount of $177,630.04 to <br />the City. of La Porte. The calculations are based on the value of the property as <br />determined by the Harris County Appraisal District (per Section 2 of the Agreement) and <br />the payment terms as described in Section 3, paragraph 0(1). Huntsman respectfully <br />requests a refund of this overpaid amount. <br /> <br />HUNTSMAN CORPORATION <br />3040 Post Oak Boulevard · Houston, Texas 77056 · 713-235-6000 · Fax 713-235-6416 <br />