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Project Rob Johnson's FACTS AND FIGURES <br />Assumptions: <br />• Current value of the subject property: $650,000 <br />• Total estimated project value, after construction: $6,000,000 to $8,000,000 <br />• Construction will conclude by early 2015. <br />Current Property Value and Taxes (based upon HCAD valuation) <br />• Current property value: $650,000 <br />• Total annual taxes currently paid to the Community of La Porte at a fully loaded tax <br />burden of 2.88 per $100 of assessed taxable value: $18,720 <br />Real, Business Personal Property Received Annually After Expansion: <br />• Total, fully loaded annual taxes paid to the Community of La Porte upon completion of <br />the project and a taxable project value of $7,000,000: $201,600 <br />• Community of La Porte Break -Even Point on $62,500 Grant is four (4) months. <br />• Community of La Porte Break -Even Point on $65,728.25 Grant is four (4) months. <br />• Community of La Porte Break -Even Point on $66,000 Grant is four (4) months. <br />