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<br />Page 1 of 1 <br /> <br />Joerns, John <br /> <br />From: David Hawes [dhawes@hhcllp.com] <br />Sent: Wednesday, May 03, 2006 1 :00 PM <br />To: Joerns, John <br />Subject: FW: La Porte TIRZ <br />Attachments: La Porte TIRZ CF Model.pdf <br /> <br />FYI <br /> <br />David <br /> <br />From: Karlos Allen [mailto:KALLEN@firstsw.com] <br />Sent: Tuesday, May 02,20065:14 PM <br />To: dhawes@hhcllp.com <br />Cc: Drew Masterson <br />Subject: La Porte TIRZ <br /> <br />David: <br /> <br />Attached is the first draft of the La Porte TIRZ Model. Please note the following differences in our model from the <br />revenue schedule you sent: <br /> <br />. We assumed a collection rate of 95%; <br />. Our cash flows are net the City Administrative Cost estimated 5% of Collections (Capped at $25,000 for <br />the City and School District); and <br />. The County projected cash flows are based on 75% of the current tax rate ($0.3999), which equals <br />$0.2999 (please note your model had $0.417). <br /> <br />Please give us a call with your questions and concerns regarding the attachment. <br /> <br />Thanks <br /> <br />~ I First Southwest CompaWi <br />== I Investment Bankers Since 1946 <br /> <br />Karlos Allen <br />Analyst <br /> <br />1021 Main Street <br />Suite 2200 <br />Houston, TX 77002 <br />713.654.8636 <br /> <br />Neither First Southwest Company nor any of its affiliates (collectively, "First Southwest") is responsible <br />for any recommendation, solicitation, offer or agreement or any information about any transactions, <br />customer account or account activity in this communication. Confidential or time-sensitive security- <br />related communications should not be transmitted to First Southwest via the Internet as there can be no <br />assurance of actual or timely delivery, receipt and/or confidentiality. Neither can there be any assurance <br />that messages transmitted by electronic mail will not be corrupted, lost, deleted or modified. First <br />Southwest reserves the right to refrain from processing or executing electronic mail until verification of <br />the information is obtained in another format acceptable to First Southwest. <br /> <br />5/18/2006 <br />