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<br /> <br />03/21/03 FRI 13:41 FAX 9387581310 <br /> <br />FIRST GROUP' <br /> <br />· real ..ta'. brokerage <br />. Inv..tment. <br />. propert, management <br />· propeny tax conlultan" <br />. appraisal. <br /> <br />March 2 J. 2003 <br /> <br />. City of laPorte, Texas <br />604 West Fairmont Parkway <br />J.,aPoJ'le. TCA8S 77571 <br /> <br />ATTN: Joseph t. -Sease <br /> <br />VIA FAX: 2811470-8523 <br /> <br />.Re: Property at Sens Road & "l ." Street <br /> <br />Dear Joe:. <br /> <br />IZJ 002 <br /> <br />I am plea!;ed to report to yo~ lhatafter severaJ discussions and offers the seller <br />has a.bFJ'e~ to accept SI90,9QQ.00 for the. purchase of the above reterenced properly. I am. <br />enclosing the origina.1lettcr ofintcnt with th~ terms' and conditions that would be part of <br />an executed' earnest money contr:.u:;t. The basic parameters are shown below: <br />. . . <br /> <br />a. Cash purchase ofSJ 90,900.00 for approximately 1,8354 acres <br />b. ~easibility period of 60 days ftom execution. <br />c. . Closing on or before 90 days.~om eXeCi.1lion <br /><I. Eal11est money of~5,OOO,OO with Chicago Title Cpmpany <br /> <br />(JpM your instructions to proc;:eed, I Will prepare an earnest money contract for <br />, yc.lur review prior to SUbll1itting to the: seller for execution., It is still my intent to show the <br />- buyer as Mario A Arriaga, Trustee or Assigns. This would protect the identity of the <br />.City in the event we do not fimilize t~e tr~saction .I.nd need tolollk for an alternate site. <br />Prior to the aClual closing, wCWQuld assign'the contract to the City' and the City would be <br />the a.ctualpurchaser: <br /> <br />. Please ca.lI if you have any queStions. J look forward to working with you to <br />finalize thii; transaction. Thank 'you. . <br /> <br /> <br />..~~ <br /> <br />Mano A. Amagil ..' <br /> <br />Enclosure <br /> <br /> <br />'(936) 756-1300 <br /> <br />HOUlton (281) 353-1419 . . Fax (936) 756-1310 <br />P.O.- Box 2105 Con-roo; TX 77305-2105 <br /> <br />Email maajde@cI.com <br />