Laserfiche WebLink
<br /> <br />ENVIRONMENTAL AGREEMENT <br /> <br />Effective date of this Agreement: April 9, 2007 <br /> <br />Seller: <br />Address: <br /> <br />Harris County, Texas, a political subdivision of the State of Texas ("Harris Countyll) <br />1001 Preston, Suite 911 <br />Houston, Texas 77002 <br /> <br />Buyer: La Porte Real Property, LLC, a Texas limited liability company ("Buyer") <br />Buyer's Address: 1655 Louisiana, Beaumont, Texas 77701 <br /> <br />Real Property: <br /> <br />Being a 47.709 acre (2,078,202 square foot) tract ofland situated in the Johnson Hunter Survey, <br />Abstract No. 35, in Harris County, Texas, more particularly described on Exhibit labeled <br />"Property Description" attached hereto and made a part hereof for all purposes (the "Property"). <br /> <br />RECITALS <br /> <br />By Special Warranty Deed (the "Deed") dated April 9, 2007 and filed for record in the <br />Official Public Records of Harris County, Texas under County Clerk's File Number <br />20070209973, Harris County has sold and Buyer has purchased the Property which was formerly <br />used as a landfill. This Agreement is being executed to set forth Buyer's additional obligations <br />with respect to the use and operation of the Property. Buyer acknowledges and agrees that the <br />conditions set forth in this Agreement were material factors in the decision of Harris County to <br />sell the Property and in the determination of the amount of the dollar sum which Buyer agreed to <br />pay for the Property. <br /> <br />In connection with the purchase of the Property and to provide certain additional <br />financial assurance to Harris County in respect of Buyer's performance of this Agreement, Buyer <br />has executed in favor of Harris County that certain Deed of Trust to Secure Performance dated <br />April 9, 2007 and filed for record in the Official Public Records of Harris County, Texas under <br />County Clerk's File Number 20070209974 (herein, as from time to time amended, supplemented <br />or restated, the "Deed of Trust"). <br /> <br />AGREEMENT <br /> <br />For good and valuable consideration including Harris County's agreement to convey the <br />Property to Buyer, the parties agree as follows: <br /> <br />1. Buyer will within six (6) months from the date of this Agreement complete a <br />comprehensive evaluation of the environmental condition of the Property. Such comprehensive <br />evaluation shall at a minimum include an investigation and written evaluation by an <br />environmental professional to identify conditions on the Property which must be addressed to <br /> <br />Environmental Agreement <br /> <br />EXHIBIT C <br />