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<br />FTZ Tax Analysis for the City of La Porte - Underwood
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<br /> 2007 2008 2009 2010 2011 2012
<br />Taxable Inventory $7,500,000 $10,000,000 $20,000,000 $20,000,000 $20,000,000 $20,000,000
<br />Total Investment in Building & Equipment $120,000,000 $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
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<br />6 - Year Projections
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<br />Additional Assumptions
<br />Real Property Tax Rate - City of La Porte
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<br />Underwood
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<br />0.710%
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<br />Inventory Percent Qualifying for FTZ
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<br />60.000%
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<br />164.34 +/- acres
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<br />Inventory Percent not Qualifying for FTZ
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<br />40.000%
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<br />1.2+/- million sf at buildout
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<br />City Revenue from Real Property and Non-
<br />FTZ Inventory $887,803 $894,903 $923,303 $923,303 $923,303 $923,303
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<br />City Revenue from FTZ Inventory with No
<br />FTZ Tax Exemption $31,950 $42,600 $85,200 $85,200 $85,200 $85,200
<br />City Revenue from FTZ Inventory with 25%
<br />FTZ Tax Exemption $23,963 $31,950 $63,900 $63,900 $63,900 $63,900
<br />City Revenue from FTZ Inventory with 50%
<br />FTZ Tax Exemption $15,975 $21,300 $42,600 $42,600 $42,600 $42,600
<br />City Revenue from FTZ Inventory with 75%
<br />Exemption $7,988 $10,650 $21,300 $21,300 $21,300 $21,300
<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 />(Decrease/Increase) Based on 25%
<br />Intervals in FTZ Exemption Level $7,988 $10,650 $21,300 $21,300 $21,300 $21,300
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