lot 27, N 1/2 of lot 26, block 37, aka 110 S Broadway/from Barbara A Warnock and Mae B Kelly to CLP

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MAf!...TI-4A C; I t..L. e 1-,- ASKINS & ARMSTRONG. P. C. ATTORNEYS AT LAW 702 W. FAIRMONT PARKWAY P.O. BOX 1218 LA PORTE, TEXAS 77572-1218 KNOX W. ASKINS JOHN D. ARMSTRONG CLARK T. ASKINS TELEPHONE 281 471-1886 TELECOPIER 281 471-2047 K WA SKINS@HOUSTON.RFLCOM JOHN-A@SWBELL.NET eTA SKINS@SWBELl.NET May 23, 2005 J..;.-'....- -~ Ms. Susan ~ey Purchasi~Manager City q..f'/La Porte City/Hall LYPorte, Texas MAY 2 4 1005 C;\' t i:.?::.~~~,,~:/\,n 1 .f; n OF :~'(",'j,... Re: Lots at 110 S. Broadway, legally described as Lot 27 and the N1/2 of Lot 26, in Block 37, Town of La Porte, Harris County, Texas. Dear Susan: The City of La Porte has accepted a donation of the above described real property, which is located at 110 S. Broadway in La Porte. The property is vacant lots. I enclose copy of my letter of May 3, 2005, to City staff, which tells the story on this property. The City has elected to go with option 1, on page 2, of the letter. Please prepare and forward to me for review, a bid notice on this property. The only difference from other bid notices will be that the title to this property is not insurable, and I will need to revise the paragraph about title insurance. The City will convey by Special Warranty Deed. I also enclose a copy of an abstracter's report which I obtained on this property, which showed title in Rex J. Baker, Jr., who was the father of the two grantors on the deed to the City, Barbara A. Warnock and Mae B. Kelly. As Mr. Fred Westergren is the likely bidder on this property, I would suggest that you meet with him and determine a minimum acceptable bid on the property. The HCAD valuation is $4,630.00. This is about $1.00 per square foot. Of course, the HCAD valuation assumes marketable title. Then, when the bid notice is complete, we need to set a schedule to publish it in the Bayshore Sun, and thereafter to place an ordinance approving a bid, on a City Council agenda.