1993 La Porte Chapter, Bay Area Habitat for Humanity-lots 1-13, block 128

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;;. . ". 0';' ~ ',. CITY OF LA PORTE '. \. PHONE (713) 47'-5020 . P. o. Box 1115 . LA PoRTE. TEXAS 77572 ......, . "..!I-" 15~Z{E;;:~::i:~~~~!.~::}i~~~.:.:~~::';, November 30, 1993 Mr. Jim Counts , Fund Raising Committee La 'Porte Chapter" Bay Area Habitat for Humanity P.o. Box 2087 La Porte, TX 77572 Dear Mr. Counts: The La Porte Chapter, Bay Area Habitat for Humanity, has requested the assistance of the City of La Porte in its efforts to provide quality housing for low income: families. '. Specifically, your organization has requested that the City of La Porte deed to it, the ,property on South 5th Street legally described as Lots 1-13, both inclusive, Block 128, Town of La Porte, Harris County, Texas. This is a tax title owned by .the city of La Porte. The title is subject to the claims of La Porte Land Company, by a deed dated May 9, 1978, and filed for record ,in the office of the county clerk of Harris County, Texas, under county clerk's file number E591049. The La Porte Chapter, Bay Area Habitat for Humanity, has indicated that it will be able to obtain a deed from La Porte Land Company to it, of the property. In addition, the La Porte Chapter, Bay Area Habitat for Humanity, has indicated that it will assume and pay the delinquent taxes on the subj.ect property. ,. It is the City I S understanding that your organization plans to build five or six single family residences, which would then be sold under its usual procedures to low income families, who would provide 350 "sweat equity" hours as a downpayment, and would then sign interest free mortgages for the balance. The City of La Porte agrees to convey, the subject property to your organization, in consideration of its use of the property in accordance with the terms of this letter, with the title to any unused property to revert to the city of La, Porte in five years. The use of the property would be strictly limited to the pu~poses stated in this letter. The City of ,La Porte will benefit by the, activities of your organization, in providing housing for its low income residents, and returning this property to the tax rolls.