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Development Corporation <br />April 3, 2012 <br />page 2 <br />& Investment Co., Inc., recognizes that it must pay all of the <br />delinquent taxes on the property, and secure the dismissal of the <br />pending delinquent tax suit, or it will lose the property. The <br />property is now owned by Real Property Mortgage & Investment Co., <br />Inc. Mr. Piperi indicated that his firm plans to take steps to <br />complete the construction of the property, so that it may be <br />offered for sale. <br />Please let me know if you have any questions. <br />Yours very truly, <br />�I <br />Knox W. Askins <br />City Attorney <br />City of La Porte <br />KWA:sw <br />Enclosure <br />