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<br />a skins <br />& askins P.C. <br /> <br />AITORNEYS and COUNSELORS <br /> <br />Knox W. Askins <br />Clark T. Askins <br /> <br />July 6, 2009 <br /> <br />Mr. Benjamin P. Miller <br />b~m~iller-attornev.com <br /> <br />Dear Ben: <br /> <br />As we discussed on Thursday afternoon, I have revised the proposed <br />agreement between the City of La Porte Development Corporation and <br />East A Developments, L.C., for the remediation of the two fuel <br />tanks I by adding new first and last sentences to paragraph 5, <br />setting forth the obligation of City of La Porte Development <br />Corporation to engage, supervise, and pay contractors to remediate <br />the property, and providing that the City of La Porte Development <br />Corporation will assign its contractor warranties to East A <br />Developments, L.P. <br /> <br />Further, as we discussed, the Real Estate Lien Note has been <br />revised to provide that the full principal balance and all interest <br />due thereon shall be due and payable on or before June 3D, 2011. <br />Any amount of principal and/or interest may be prepaid at any time <br />without prepayment penalty. <br /> <br />If the agreement and promissory note, as revised, are satisfactory, <br />please have Garson Silvers come by John Joerns's office today, to <br />execute the agreements. Mr. Joerns will give a fully executed copy <br />to Mr. Silvers, and send you copies of the executed agreements, for <br />your files. I will record the deed of trust, and send you a copy, <br />when recorded. <br /> <br />Thank you for your cooperation in this matter. <br /> <br />Yours very truly, <br /> <br />~ <br /> <br />Knox W. Askins <br />City.Attorney <br />City of La Porte <br /> <br />KWA: sw <br />Enclosures <br />cc: Mr. Ron Bottoms <br />bottomsr@la~ortetx.qov <br /> <br />Mr. John Joerns <br />ioernBi~la~ortetx.qov <br /> <br />Mr. Clark T. Askins <br />ctaBkinB~Bwbell.net <br /> <br />702 W. Fairmont Parkway, P.O. Box 1218, La Porte, TX 77572.1218 <br />281.471.1887 phone . 281.471.2047 fax . knoxaskins@comcast.net . ctaskins@swbell.net <br />