lots 6,7,8 and adjoining North 18' of lot 9, block 198, Town of La Porte/property known as the Triangle

Browse Search

askins & askins P.c. ATTORNEYS and COUNSELORS Knox W. Askins Clark T. Askins February 9, 2009 301::1:10 SIJ\~\f13l:f03S AlfO f~ 6002 0 r 8:)~ * , , ~ -J. I 11~:~~~F1.ffj):$W Ms. Martha A. Gillett City Secretary city of La Porte City Hall La Porte, Texas Dear Martha: In connection with the $150,000.00 loan by the city of La Porte Economic Development Corporation to East A Development, LP, I enclose Loan Policy of Title Insurance, issued by Stewart Title Company, on the $150,000.00 promissory note, secured by first liens on Lots 6, 7, 8, and the adjoining north 18' oJ Lot 9, Block 198, Town of La Porte, Harris County, Texas. -- I also enclose Loan Policy of Title Insurance to the city of La Porte Economic Development Corporation, securing a second lien promissory note on the south 7' feet of Lot 9, all of Lot 10, and the west 56.4' of Lots 11, 12, and 13, in Block 198, Town of La Porte, Harris County, Texas. .... In connection with the purchase by the City of La Porte Economic Development Corporation of the property known as the Triangle, being all of Lots 1 through 9, Block 199, Town of La Porte, Harris County, Texas, I enclose herewith Stewart Title Guaranty Company owners title policy, guaranteeing the City of La Porte's title for the amount of its purchase price $150,000.00, subject only to the matters shown on the policy. These title policies should be placed in the permanent files of the City of La Porte Economic Development Corporation. Yours very truly, t7~~ Knox W. Askins City Attorney City of La Porte \ KWA: sw Enclosures c: Mr. Ron Bottoms Ms. Debbie Westbeld 702 W. Fairmont Parkway, P.O. Box 1218, La Porte, TX 77572-1218 281.471.1887 phone . 281.471.2047 fax . knoxaskins@comcast.net . ctaskins@swbell.net