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Draft - Subject to change <br />LA PORTE REDEVELOPMENT AUTHORITY <br />SCHEDULE OF CONSTRUCTION ADVANCE <br />REIMBURSABLE TO MALLADI S. REDDY (DEVELOPER) <br />APRIL 24, 2014 <br />(SEE ACCOMPANYING DISCLAIMER OF OPINION AND <br />EXPLANATION OF AGREED -UPON PROCEDURES PERFORMED) <br />DESCRIPTION <br />City of La Porte, Texas <br />Advance for Construction Costs related to <br />Street Tie -In Project at Wharton Weems and <br />State Highway 146 <br />REIMBURSABLE <br />COST <br />Amount Paid by Developer 200,000.00 <br />TOTAL AMOUNT REIMBURSABLE TO MALLADI <br />S. REDDY AS OF APRIL 24, 2014 $ 200,000.00 <br />Add: Interest Calculated per Agreement* 32,500.00 <br />TOTAL AMOUNT PAYABLE TO MALLADI <br />S. REDDY AS OF APRIL 24, 2014 $ 232,500.00 <br />*Interest was calculated at the prime rate of IPMorgan Chase Bank in <br />accordance with the Development Agreement,and limited to five years. <br />No additional interest will accrue. <br />Schcdutc A <br />Pagc ] of t <br />