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<br /> <br />, <br />;. .\ <br />: \ ' <br /> <br />· CITY OF LA \OR TE <br /> <br />PHON~(7131471.5020 <br /> <br />p, 0, Box' , 15 <br /> <br />L.A Po'n~, TEXAS 77572-1115 <br /> <br />October 12, 1990 <br /> <br />Ron E. Jackson, President <br />Sunbelt Hotels, Inc. <br />2600 Citadel Plaza Drive, Suite 507 <br />Houston, TX 77008 <br /> <br />Dear Ron: <br /> <br />I am pleased that Sunbelt Hotels, Inc. has decided to pursue a joint <br />venture with the City of La Porte in underwriting a hotel market <br />study. By combining our talents and resources I'm confident that <br />this public/private partnership will be successful. <br /> <br />It is my understanding that the first step in pursuing an agreement <br />requires that a marketing study be initiated to determine whether <br />La Porte will warrant a hotel. Therefore, I propose the following: <br /> <br />* <br /> <br />Sunbelt Hotels, Inc. engages the services of a <br />professional and well respected conSUlting firm <br />to perform a detailed lodging study of La Porte. <br /> <br />Sunbelt Hotels, Inc. will be. responsible for <br />payment to the selected company for their work <br />effort. <br /> <br />* <br /> <br />* <br /> <br />The City will be kept abreast of the study effort <br />and given opportunity for input and discussion. <br /> <br />Upon completion of the study, the findings will <br />be presented to the La Porte Ci ty Counci 1 wi th <br />sufficient copies made available for continued <br />study. <br /> <br />Should the report not demonstrate that a hotel can <br />be supported by La Porte with its location in east <br />Harris County, the City will agree to reimburse <br />Sunbelt Hotel s, Inc. for the cost of the hotel <br />study. The amount to be reimbursed wi 11 not <br />exceed $18,000. <br /> <br />* <br /> <br />* <br /> <br />EXHIBIT "A" <br />