O-2003-1501-BBB tabled 7/14/03; scup 03-001

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e e agreed upon by the property owner and the Port Authority, the previous two Appraisers shall jointly select the third Appraiser, All appraisals will be paid for by the Port Authority, provided such charges are within the range of those commonly charged for similar services in Harris County, Texas, 5. The Value Assurance Program will not begin, and the Port Authority will not be required to purchase any property, until the Port Authority receives a Building Permit from the City of LaPorte, Texas, for the Port Authority's Truck Entry Station on Barbour's Cut Blvd. 6, The term of the Value Assurance Program shall be for five years from the date the Building Permit referred to in Paragraph 5, above, is issued by the City of LaPorte to the Port Authority for the TES, 7, The Port Authority will notify all property owners in the Blocks mentioned in the Preamble of this Amended Resolution that are within 400 feet of the TES by regular mail, certified mail, telephone, advertisement, and/or personal meetings. The City of LaPorte will be informed of the notification progress for the Program. 8, The Port Authority shall contact each property owner who has signed up for the Value Assurance Program at 90 days, 60 days, and 30 days prior to expiration of the Program, 9, The Port Authority will use the Application and Contract forms attached to this Amended Resolution, The Port Authority, through its Executive Director, may change these forms with the prior approval of the City of LaPorte, Texas. 10, The Port Authority's obligation to pay money under the Program shall not exceed $2 million unless this amount is increased by the Port Commission, PASSED, APPROVED AND ADOPTED This 28th day of Ju,ly, 2003, Attest/Seal PORT OF HOUSTON AUTHORITY OF HARRIS COUNTY, TEXAS By: By: Name: H. Thomas Kornegay Name: James T, Edmonds Tide: Executive Director Title: Chairman