2003-11-10 Regular Meeting and Workshop Meeting

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e e IF CID IlB. il CID IF I8J CID ill ~ il CID fj A ill 11 IKI CID IlB. II 11 ~ EXECUTIVE OFFICES: III EAST LOOP . HOUSTON, TEXAS 77029-4327 MAILING ADDRESS: P.O. BOX 2562 . HOUSTON, TEXAS 77252-2562 TELEPHONE: (713) 670-2400 . FAX: (713) 670-2425 BRENDA McDoNALD Real Estate Manager (713) 670-2679 August 12,2003 CERTIFIED MAIL City of LaPorte P.O, Box 1115 LaPorte, Texas 77572 Re: Truck Entry Station on Barbours Cut Blvd. Dear Property Owner: On July 28,2003, the Port of Houston Authority passed a Value Assurance Program Resolution (Attachment 1) to assure the value of the property adjacent to the proposed Truck Entry Station, This letter is to notify you that the Port of Houston Authority is now offering you the option to sign up for the Value Assurance Program for the next 180 days (from August 12,2003 to January 3, 2004) as outlined in the Resolution. Should you be interested in the program, please sign the attached application (Attachment 2) and return it in the enclosed envelope, Prior to your property being enrolled in the program~ the Port Authority will conduct a Phase I site assessment of the property, Once the property is enrolled in the Program and the value is determined as outlined in the Resolution, we will then execute the Value Assurance Contract (Attachment 3), -The term of the Value Assurance Program shall be five years from the date the Building Permit is issued to the Port Authority by the City of LaPorte for the Truck Entry Station, Should you have any questions, please me at (713) 670-2679 or Barbara Loring at 713-670-2689, Very truly yours, ~,~~- #Ir~ Brenda McDonald Real Estate Manager Attachments: 1, Value Assurance Resolution 2, Value Assurance Application 3. Value Assurance Contract