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2006-05-22 Regular Meeting and Workshop Meeting
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2006-05-22 Regular Meeting and Workshop Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
5/22/2006
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<br />(r\ <br />'i <br /> <br />tf\ <br />:! : <br /> <br />~ <br /> <br />Tax Analysis <br />Direct Effects of Underwood Business Park. With FTZ Exemption <br />La Porte 150 and City of La Porte <br /> 2005 2006 2007 2008 2009 2010 <br />Taxable Domestic Inventory $0 $3,000,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 <br />Total Investment in Building and Equipment $0 $120,000,000 $120,000,000 $120,000,000 $120,000,000 $120,000,000 <br />Total Value of Property - F1 $2,042,700 $2,042,700 $2,042,700 $2,042,700 $2,042,700 $2,042,700 <br />Real Property Tax Rate - City of La Porte 0.710% <br />Total Impact on City of La Porte $14,503 $887,803 $898,453 $898,453 $898,453 $898,453 <br /> <br />l:proYClay DavalopmanllTax Impact (2) <br />
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