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American Property Tax Service, Inc, <br />property Tax Consultants <br />9494 Southwes# Freeway, Suite 81.0 <br />Houston, Texas 77074 <br />Telephone 713/278-0222 <br />Friday, November o9, 2007 <br />Mr. Ron Harper, Controller Houston Area <br />Albemarle Corporation <br />1.000 N South Ave <br />Post Ofiice Box 2500 <br />Pasadena, 'Texas 77501-2500 <br />Fax Number 7131278-€3449 <br />RECEIVED <br />®~ ~ ~ ~~~7 <br />Re: City of La Porte IndustriaX District Contract ~~~~ T~~ ~~~~~~ <br />Due by ~ 1/21/2007 <br />Dear Ron: <br />Enclosed you will find two copies of the Industrial District Contract from the City <br />of La Porte that we negotiated on your firm's behalf that calls far a twelve years term <br />comlxlencing January 1, 2008. The contract calls for the valuation rate of 62% year one <br />thru 6 and 63% year 7 th11~ 12. Construction work in progress would be assessed at 20% <br />year 1 thru 6 and 25% year 7 thru 12. <br />Please refer to the contract instruction page, sign both copies and return them to <br />the City of La Porte prior to the above deadline.lf in the meantime you have questions or <br />comments on this matter, please call me at 7131278-0222. <br />Sincerely yours, ' <br />Hanson A. Galan <br />