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<br />FTZ Tax Analysis for the City of La Porte
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<br />- Port Crossing
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<br /> 2007 2008 2009 2010 2011 2012
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<br />Taxable Inventory $1,000,000 $7,500,000 $20,000,000 $25,000,000 $25,000,000 $25,000,000
<br />Total Investment in BuildinQ & Equipment $12,000,000 $52,000,000 $92,000,000 $171,000,000 $171,000,000 $171,000,000
<br />Total Value of Property - F1 $25,600,000 $25,600,000 $25,600,000 $25,600,000 $25,600,000 $25,600,000
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<br />6 - Year Projections
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<br />Additional Assumptions
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<br />Port Crossina
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<br />Real Property Tax Rate - City of La Porte
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<br />0.710%
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<br />295+/- Acres
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<br />Inventory Percent Qualifying for FTZ
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<br />60.000%
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<br />1.5 +/- million sf at buildout
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<br />Inventory Percent not Qualifying for FTZ
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<br />40.000%
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<br />City Revenue from Real Property and Non-
<br />FTZ Inventory $269,800 $572,260 $891,760 $1,466,860 $1,466,860 $1,466,860
<br />II 1../>61>> ~)?J Qfji
<br />City Revenue from FTZ Inventory with No FTZ
<br />Tax Exemption $34,080 $147,680 $261,280 $485,640 $485,640 $485,640
<br />City Revenue from FTZ Inventory with 25%
<br />FTZ Tax Exemption $25,560 $110,760 $195,960 $364,230 $364,230 $364,230
<br />City Revenue from FTZ Inventory with 50%
<br />FTZ Tax Exemption $17,040 $73,840 $130,640 $242,820 $242,820 $242,820
<br />City Revenue from FTZ Inventory with 75%
<br />Exemption $8,520 $36,920 $65,320 $121,410 $121,410 $121,410
<br />City Revenue from FTZ Inventory with Full
<br />FTZ Tax Exemption $0 $0 $0 $0 $0 $0
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<br />Average Amount of Potential Revenue
<br />(Decreasellncrease) Based on 25% Intervals
<br />in FTZ Exemption Level $8,520 $36,920 $65,320 $121,410 $121,410 $121,410
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