They are aware that the Broward County Tax Appraiser will assess the property 
and that as most industrial facilities, the equipment is subject to 
depreciation.; The City's millage rate has remained fairly constant (stagnant 
growth), but;as the tax base increases, they expect the millage rate to 
decrease.; The City is looking for a fixed annual revenue stream of $1.5 - 
1.726 mm (similar to Pompano's 1.5 mm).
;
After we have all had a chance to review the doc - it would be good to have a 
conference call to discuss.; We're targetting to get a draft to the City 
early next week.
;
Steve

-----Original Message----- 
From: Jacoby, Ben 
Sent: Thu 5/31/2001 8:29 AM 
To: 'OrshefskyD@GTLAW.com@ENRON'; Krimsky, Steven 
Cc: Mann, Kay 
Subject: RE: FW: Attached Files



Ad valorems do not necessarily decrease as a result of depreciation, because 
millage rates and a current years reassessment also are part of the 
calculation. 

Have they asked for this? 

 ;-----Original Message----- 
From: ; OrshefskyD@GTLAW.com@ENRON [ 
mailto:IMCEANOTES-OrshefskyD+40GTLAW+2Ecom+40ENRON@ENRON.com] 
Sent:;; Thursday, May 31, 2001 6:19 AM 
To:;;;; Jacoby, Ben; Krimsky, Steven 
Cc:;;;; Mann, Kay; OrshefskyD@GTLAW.com 
Subject:;;;;;;; Re: FW: Attached Files 

 We wanted to maintain a recurring 1.5mm and since ad advalorems will 
decrease as a function of depreciation we thought the way to maintain the 
constant we to increase the 650k at the same rate as the depreciation. 
-------------------------- 
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net) 


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