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<br />HUGH L. LANDRUM & ASSOCIATES, INC. <br />VALUATION EN6INEERB <br />1320 SOUTH LOOP WEST. SUITE 1B <br />PHONE 7131799-9378 oe 9379 <br />HOUSTON, TEXAS '79064 <br />April 11, 1991 <br />Mr. Knox Askins, Attorney <br />P d Box 1218 <br />La Qorte, TX 77571 <br />Re: FMC Tax Refund <br />Dear Knox: <br />On March 14, 1991 you called me regarding a refund to FMC <br />from the City of LaPorte. I worked up the information and <br />got with Mr. Charles Williams by phone on April 1, 1941. He <br />was in agreement with my calculations but asked me to also <br />look at the Arco property that. was bought from FMC-and let <br />him know how it is split between districts. <br />Regarding the xefund due FMC from the City of La Porte: <br />Ga Porte owes FMC a refund of $4,281.2? calculated as <br />follows: <br />7-28-89 City of La Porte bought 80.972 acres from FMC. <br />This was. 47.9.7$ of FMC's total acreage in La Porte and <br />42.70$ of the year. <br />1-31-90 FMC paid taxes of $20,881.81 to the City of La <br />Porte on 168.796 acres. <br />Therefore, 47.97$ X .42.74$ X $20,881.81 - $4,281.27 <br />Regarding the property Arco bought from FMC, Arco has 10.8872 <br />acres annexed by the 200 ft. wide Pasadena strip, 65.2903 <br />acres in the Pasadena Industrial-District, and 23.8225 acres <br />in the City of La Borte Industrial District. <br />