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Enron Mail |
Ben:
I am not sure that Swati from Duke understands what the payment schedule represents. First of all, the property tax payments for assessment years 2000 - 2009 range from a high of $590K to $490K and are not close to the numbers he feels are reflected by the schedule. Property tax payments for any given assessment year in Mississippi are paid in January of the year following the year of assessment. For example, the property taxes for the 2000 year assessment year are paid in January 2001 and the payment schedule reflects that ($591,200). The other figure that shows in the column are property taxes for that year to be paid in the following year. The 15% ratio of assessment has been taken into account in the calculation and the payments for the year are total estimated taxes for the year including the payment-in-lieu-of taxes payment ("PILOT"). The document for the PILOT agreement has been supplied to the Duke Property Tax Department. Have Swati contact Kelly Voelkel for any information he needs. If additional information is necessary please contact me at X-30689. Warren .
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