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<br /> <br />City of La Porte <br />Established 1892 <br /> <br />June 13,2007 <br /> <br />Tom Flanagan <br />490 Park Street, Suite 200 <br />Beaumont, Texas 77701-2900 <br /> <br />Deliver Via Facsimile <br />Followed by Regular Mail <br /> <br />RE: City of La Porte 5.98 Acres <br /> <br />Dear Mr. Flanagan: <br /> <br />The La Porte City Council was updated on the material recently provided by you and the status of our <br />negotiations. <br /> <br />The Council was also briefed on a request made by a group of developers regarding the extension of rail <br />service through the subject property to the "H" Street ROW. Specifically, the City has been asked to <br />consider exercising the "rail provision" that was included in the original lease. <br /> <br />After further discussion, the City Council decided they wish to explore the potential for sale of the <br />property. At this time the CoUncil does not wish to entertain a 25 year lease until the sale option is <br />explored more thoroughly. <br /> <br />Therefore, please consider the ongoing discussions/negotiations suspended. The City UIiderstands your <br />continued interest in the property. and will keep you advised of any decision to sell the property. If a sale <br />is considered, it willbe in the form of a duly advertised notice to the public requesting the submission of <br />sealed bids to the City for the purchase of the property. <br /> <br />We appreciate your interest in the property and again will inform you of any decision to sell the property. <br /> <br /> <br />JJ/ml <br />cc: Mayor and City Council <br />Knox Askins, City Attorney <br />Clark Askins, Assistant City Attorney <br /> <br />604 W. Fairmont Pkwy. · La Porte, Texas 77571 · (281) 471-5020 <br />