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Mechanical Repair & Engineering <br />INCORPORATED <br />ENGINEERED REPAIR AND RECONDITIONING OF TURBOMACHINERY PUMPS • TURBINES • COMPRESSORS a GEARBOXES • FANS • BLOWERS <br />.......................................................................... <br />MRE <br />City of LaPorte <br />Bob Herrera <br />City Manager <br />P.O. Box 1115 <br />LaPorte, Texas 77572-1115 <br />202 North 18th Street a P. 0. Box 1542 • La Porte, TX 775711542 <br />Phone (713) 471-1061 • Fax (713) 4717811 <br />June 5, 1995 <br />Reference: Land Valuation West Adams Street - LaPorte, Texas <br />Dear Bob, <br />I would like to ask for your assistance in the reviewing of our current request for the closing and <br />land purchase of West Adams Street between blocks 679 and 690. We would like to have the <br />current values being assigned to this property be reviewed by Jeff Litchfield. <br />Currently, the City is assessing the value of the property at the HCAD Value times a factor of 1.75 <br />($0.49 x 1.75) or $0.857 per square foot for the land. We have recently purchased two separate <br />adjoining blocks of land, blocks 679 and 680, for $0.51 per square foot and $0.63 per square foot <br />respectively, from two different sources in an arms length market transaction. <br />We would hope to see the City's appraised values more in line with actual market values. Your <br />help would be greatly appreciated. Please feel free to call me if you have any additional questions <br />concerning this matter at 471-1061. <br />Best Regards, <br />Doug L nner <br />Presid t <br />Mee anical Repair and Engineering, Inc. <br />