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<br />Calculation
<br />
<br />Overpayment
<br />
<br />Industrial District Agreement
<br />
<br />Huntsman Polymers Corporation
<br />(formerly Rexene Corporation)
<br />
<br />01/01/1999
<br />6,469,750
<br />360.26
<br />
<br />01/01/1998
<br />6,469,750
<br />360.26
<br />
<br />01/01/1997
<br />6,469,750
<br />360.26
<br />
<br />01/01/1996
<br />4,097,510
<br />360.26
<br />
<br />01/01/1995
<br />4,097,510
<br />360.26
<br />
<br />01/01/1994
<br />4,097,510
<br />360.26
<br />
<br />Assessment Date
<br />Harris County Assessed Value
<br />Total Acres
<br />
<br />17,959
<br />190.24
<br />
<br />17,959
<br />190.24
<br />
<br />17,959
<br />190.24
<br />
<br />11,374
<br />190.24
<br />
<br />11,374
<br />190.24
<br />
<br />11,374
<br />190.24
<br />
<br />Assessed Value per Acre
<br />Total Acres in La Porte
<br />
<br />3,416,520
<br />53%
<br />
<br />3,416,520
<br />53%
<br />
<br />3,416,520
<br />53%
<br />
<br />2,163,790
<br />50%
<br />
<br />2,163,790
<br />50%
<br />
<br />2,163,790
<br />50%
<br />
<br />Total Value in La Porte
<br />% Taxable per Agreement
<br />
<br />))8)8I:Atl
<br />
<br />x~==-
<br />
<br />1,810,756
<br />0.71%
<br />
<br />1,810,756
<br />0.71%
<br />
<br />1,810,756
<br />0.71%
<br />
<br />1,081,895
<br />0.71%
<br />
<br />1,081,895
<br />0.71%
<br />
<br />1,081,895
<br />0.71%
<br />
<br />Taxable Value in La Porte
<br />Tax Rate
<br />
<br />12,856.37
<br />1,583.44
<br />
<br />12,856.37
<br />1!~83.44
<br />
<br />12,856.37
<br />1,583.44
<br />
<br />7,681.45
<br />1,583.44
<br />
<br />7,681.45
<br />1,583.44
<br />
<br />7,681.45
<br />1,583.44
<br />
<br />Total Tax Due
<br />Tax Paid on Annexed Portion
<br />
<br />11,272.93 11,272.93 11,272.93
<br />44,351.78 51,004.55 44,351.78
<br />L 8B\7o~. J;G ---.-J
<br />
<br />6,098.01
<br />30,575.23 )
<br />
<br />6,098.01
<br />30,575.23
<br />1\)7~~.C.'\
<br />
<br />6,098.01
<br />30,575.23
<br />
<br />Due
<br />
<br />Payment
<br />
<br />Total Industrial District
<br />Payments Remitted
<br />
<br />go
<br />
<br />T?3
<br />
<br />;:z~
<br />
<br />-
<br />
<br />(33,078.85)
<br />O~OO
<br />
<br />(39,731.62)
<br />1,690.94
<br />
<br />(33,078.85)
<br />0.00
<br />
<br />(24,477.22)
<br />0.00
<br />
<br />(24,477.22)
<br />0.00
<br />
<br />(24,477.22)
<br />0.00
<br />
<br />Net Overpayment
<br />Penalty on Payment
<br />
<br />(177,630.04)
<br />
<br />(33,078.85)
<br />
<br />(38,040.68)
<br />
<br />(33,078.85)
<br />
<br />(24,477.22)
<br />
<br />(24,477.22)
<br />
<br />(24,477 .22)
<br />
<br />Due - 1998 Only at 15%
<br />
<br />- 1994 thru 1999
<br />
<br />Total Overpayments
<br />
<br />?~
<br />
<br />Q, ~ 7
<br />
<br />1
<br />
<br />~Lj-
<br />
<br />'1
<br />
<br />3 G~
<br />
<br />~
<br />
<br />,)
<br />
<br />'0
<br />
<br />+
<br />
<br />)
<br />
<br />~
<br />
<br />61
<br />
<br />~~tU-it~
<br />~(yt-oJ J \A.C
<br />
<br />r"/'7
<br />
<br />7;;'
<br />
<br />.tt J? 'f,)~ 80
<br />})8 BtD. bO
<br />
<br />:(0
<br />
<br />F7'?
<br />
<br />~
<br />
<br />066.7:3
<br />
<br />) )
<br />
<br />LJb
<br />
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