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<br />John: <br /> <br />Page 1 of2 <br /> <br />Lanclos, Melisa <br /> <br />From: Joerns, John <br />Sent: Friday, September 26, 2003 2:50 PM <br />To: Lanclos, Melisa <br />Subject: FW: La Porte TIRZ payment in 2003 for tax year 2002 <br /> <br />Melisa, let's mail to members, ex-offici os and David Hawes. It is additional back up for Redevelopment Authority <br />Agenda- item 7-Thanks-JJ <br />-----Original Message----- <br />From: Powell, Nancy (Budget Office) [mailto:Nancy_Powell@itc.co.harris.tx.us] <br />Sent: Friday, September 26, 2003 2:37 PM <br />To: 'JoernsJ@ci.la-porte.tx.us' <br />Cc: Turkel, David (OHED) <br />Subject: La Porte TIRZ payment in 2003 for tax year 2002 <br /> <br />John: <br /> <br />Attached is a two-page workbook, prepared by Dilshad Kasmani of the Harris County Tax <br />Assessor's Office, which presents the basis for the 2002 tax year calculations for the La Porte <br />TIRZ payments due to/from Harris County. The first page of the workbook, labeled "2002 <br />LaPorte," presents the basis for the payment amounts last year and this year, and the second <br />page is a summary table. <br /> <br />As you brought to our attention, an audit showed that Harris County overpaid last year, by <br />virtue of having incorrectly included some tracts that should not have been included in our <br />increment payment calculation. In August 2003, while determining the amount of increment <br />payment potentially due to the LaPorte TIRZ for tax year 2002, the Tax Assessor Collector <br />corrected the prior year calculations (for tax year 2001) that had resulted in the County's <br />overpayment by $8,566. <br /> <br />If the prior year payment had been made correctly, a $2,725 payment would have been owed <br />to the TIRZ in the current year (for tax year 2002). However, after offsetting the County's <br />$8,566 overpayment last year against the $2,725 that would have been due to the TIRZ this <br />year, a $5,481 credit remains eio\Harris County's. Rather than requesting a reimbursement <br />check from the TIRZ for th $5,48:V balance in Harris County's favor, this remaining balance <br />due from the LaPorte TI '):>e carried forward and offset against future year TIRZ <br />increment payment(s), until the cre~it is extinguished. <br />l ~ ~ fA, <br />If you have any questions about the cal6ulations in the attached workbook, or the handling of <br />the payment in question, please do not hesitate to call me. <br /> <br />Nancy Powell <br />Deputy Director of Economic Development <br />Harris County Office of Housing & Economic Development <br />1310 Prairie, Suite 550 <br />Houston TX 77002-2042 <br />Ph: 713-755-3404 <br />Fax: 713-755-3402 <br />Email: nancy_powell@co.harris.tx.us <br /> <br />10/1/2003 <br />