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McCALL GIBSON SWEDLUND 13ARFOOT PLLC <br />Ce"11VIed P24')14-- Accoreirfanis <br />13M <br />1 2 z 62 <br />April 24, 2014 <br />La Pone Redeveloprzirni Authority <br />0) David Hawes <br />I ]awe-, T-,!Till I I Caldcron, LLP <br />9610 Unig Pt)-ini Rimed, Suite 150 <br />flouston. TX 7705i <br />M <br />1212J 51,5-220 <br />UM'7%#KqA1rL= <br />We will pc'rforin the procedums (mkinicrated below, which are. agmed upon by 1,bc, La Porte <br />Redevelopmenl Authority fthe "Autlimily") On the invoices antIsOwdilics submitLed by Maladi <br />S. Reddy and PL)rt. Cussing Land, LP (Lilt "DMIOPOrs") Which tare; iricluded for pawmint in <br />accordance with the terms (if the Developmr-nt Agrcclilcnt with 65 La Poric, Ltd. 'and Port. <br />CrDSsing Land, J-11- Otis, rep arl will be an kgreed-ujKm procedures en,o04,errivni performed in <br />actlord anti x0b standaxds establisluxi by ffic American of Cellified Public Ao;mmitants <br />with Regaml (st lh-;� ("onstruction, En <br />LV gincxring and Related Cos1s, of the Developer. Our <br />ongagemenc will be limilcd to a review of ffitt docurttontatioll and information submitted for <br />Mwim bV the FeSpeCl.ivc panks, and will be 1`01- 1he purpose of determining I& amount Lo hit - <br />al irallraarsr„cl and to comparic <br />,W1 (if 1hr, actlial COMA to that Lo Potic Tax Iftemmeni cinvestment <br />7,0110 (Lllr-':'TTR7",) Estimated Z6rie Pr;tjcct ("cists, <br />7fbi-5 agrecd-u,pon provalurcn, m9agellIellt will he Conducred hi aCL0Tdan:(!C, IVIEb attestali(IT, <br />slamhirds cstablislied by the Armrimu Instinite ol'CerLificed Public Accounlanh, The silffjejej,,�v <br />Of the PTI.K.'edurc's is solely the Teliponsibitity of the City, Consequently, we will make ti(') <br />Vepre.s,co)Wliun rrgardin.g the sut"InJuncy of the procednits tith(,tr for time pmjxf.'..,e or which this <br />report has been ruclucsicd or for any olhar Ptli-Pose. Ilie j3rDLtX1tJTC.5We Vijjt J)ej-r�jj-M arc as <br />su nuilarized below - <br />Al We willreview ceitain lichcclules and supporting invoices subMillrAl by the LNevelolvr's <br />in substantiation 01' (Ile Costs 10 Lie reinifiursv4l. Our repiew by <br />include all <br />docurnmuttion for supporling items, aniatiriLs, and proof of payitient. For which <br />ruimbLtmmcni is requested. Tn WiditiOn, We will feview all agrCements providm[ to us <br />relative to the rcimbursement WV4�'A- <br />-lilt <br />Texor &x.ier;ey f.*,O.rl.'.i,,OPyl-fiC.I._-Cjil,Vlfall,.r <br />