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PROJECTNEBULA/CARL: FACTS AND FIGURES <br />Industrial District Facts: <br />Total revenue from all Industrial District Agreements (IDA’s), as of February 2012: <br />$10,396,748 <br />126 <br />Total number of IDA’s currently in place: <br />$3,041,503,531 <br />Total value of companies currently in the Industrial Districts: <br />$210,263,775 <br />Value of the largest revenue producer(Total Petrochemical): <br />$780,465 <br />Annual revenue from the largest revenue producer: <br />Assumptions: <br />Bothprojects land in La Porte <br />$950,000,000 <br />Total project value, after construction, will be <br />Construction period of 3 years <br />First year of income to the City of La Porte: 2016 <br />Current Property Value and Taxes (based on HCAD valuation): <br />$2,200,914 <br />Current property value = <br />$9,688* <br />Total annual IDA fees paid to the City of La Porte: <br />Real, Business Personal Property Received Annually After Expansion: <br />$1,358,845 <br />Total annual IDA fees paid to the City of La Porte(years 1 –4):** <br />$4,259,195** <br />Total annual IDA fees paid to the City of La Porte (years 5 –10): <br />$1,000,0002016 <br />City of La Porte Break-Even Point on Grantis . <br />*Calculation is based on an IDA rateof 63% of the City of La Porte property tax rate, per the IDA currently in place. <br />**Calculation assumes that (a) an IDA rateof 20% of the City of La Porte property tax ratethrough Year 4(2019) AND (b)that the IDA <br />ratewill increase to 63% of the City of La Porte property tax rate in Year 6 (2020). <br />4/12/12 <br />Prepared by S. Osborne, City of La Porte Economic Development <br /> <br />