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HomeMy WebLinkAboutPO 7439: AUTHORIZING THE SALE OF A CITY-OWNED VACANT TRACT OF LAND LOCATED AT 916 18TH STREET P.O.No. 7439 06/29/26 ht ORDINANCE NO. AN ORDINANCE AUTHORIZING THE SALE OF A CITY-OWNED VACANT TRACT OF LAND LOCATED AT 91618TH STREET(PID#92335), LEGALLY DESCRIBED AS LOT 4,BLOCK 432,CITY OF PORT ARTHUR ADDITION AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A SPECIAL WARRANTY DEED FOR THE CONVEYANCE. WHEREAS,on May 19,2026,the City Council approved a motion authorizing the sale of the City-owned vacant tract of land located at 916 18th Street,legally described as Lot 4,Block 432, City of Port Arthur Addition, a licensed real estate broker,as set forth in Chapter 272 of the Texas Local Government Code (TLGC); and WHEREAS,pursuant to Section 253.014(b)and(d)of the TLGC,the City contracted with a licensed real estate broker to list and market the subject properties through a multiple-listing service for a minimum period of thirty(30)days at no less that the market value established by the appraisal report attached hereto as Exhibit"A"; and WHEREAS,a ready,willing and able buyer has been produced by the broker,and it is now deemed in the best interest of the City Council to approve the final sale and authorized conveyance to the prospective buyer,Elroy Widow at the appraised fair market value of$8,000.00 as specified in Exhibit`B". NOW THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR,TEXAS: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council finds that the requirements under§253.014 of the Texas Local Government Code have been properly met and that a ready, willing and able buyer was produced by the licensed real estate broker utilizing the multiple listing service. Section 3. That the City Manager is hereby authorized to sell the tract of land at 916 18th Street,legally described as Lot 4,Block 432, City of Port Arthur Addition,at the fair market value of$8,000.00 as specified in Exhibit`B", less the closing and brokerage fees. Section 4. That the closing costs for the sale shall be split between the buyer and the seller. Section 5. That the final conveyance will be contingent upon closing and execution of a Special Warranty Deed, in substantially the same form attached hereto as Exhibit`B". READ,ADOPTED AND APPROVED on this day of ,A.D.,2026,at a Council Meeting of the City Council of the City of Port Arthur, Texas, by the following vote: W AYES: Mayor: , Councilmembers: , NOES: CITY OF PORT ARTHUR: Charlotte M. Moses, Mayor ATTEST: Christe Whitley Ned, TMRC City Secretary APPROVED AS TO F RM: Roxann Pais Cotroneo, JD City Attorney APPROV. I 1 R • DMINISTRATION: 11/1 itiVI P P I 1 1 I IF Ronald B llAr V'�\7 City Mana:: EXHIBIT "A" (Appraisal Report) Crandall Appraisal Service Main File No.23-0014-PTA 916_18th St File#23-0014-PTA APPRAISAL OF REAL PROPERTY LOCATED AT 916 18th St Port Arthur,TX 77640 Lot 4,Block 432,city of Port Arthur FOR City of Port Arthur P.O.Box 1089 Port Arthur,TX 77641 OPINION OF VALUE 8,000 AS OF 01/18/2023 TABLE OF CONTENTS Land 1 Additional Comparables 4-6 2 Additional Comparables 7-9 3 Statement of Limiting Conditions 4 Properly History of Subject Property 6 USPAP Identification Addendum 7 Supplemental Addendum w/sig block 8 Subject Photos 11 Land Comparable Photos 1-3 12 Land Comparable Photos 4-6 13 Land Comparable Photos 7-9 14 Comparable Sales Map 15 Neighborhood Map 16 Flood Map t7 Zoning Map 18 Plat Map 19 Aerial Map 20 E&0 Insurance 21 State Certification 22 Form TCW-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Appraisal Report Crandall Appraisal Service Main File No.23-0014-PTA LAND APPRAISAL REPORT 916_18th_St File No. 23-0014-PTA Borrower N/A N/A Census Tract 0061.00 Map Reference 13140 Property Address 916 18th St r City Port Arthur County Jefferson State TX Zip Code 77640 w Legal Description Lot 4,Block 432,city of Port Arthur 'm Sale Price$ N/A Date of Sale N/A Loan Term N/A yrs. Property Rights Appraised ®Fee ❑ Leasehold ❑De Minimis PUD U) Actual Real Estate Taxes$ 0 (yr) Loan charges to be paid by seller$ None Other sales concessions None Lender/Client City of Port Arthur Address P.O.Box 1089,Port Arthur,TX 77641 Occupant Vacant Appraiser Andy D.Crandall Instructions to Appraiser Develop opinion of market value Location ® Urban ❑ Suburban E Rural Good Avg. Fair Poor Built Up ®Over 75% ❑25%to 75% ❑ Under 25% Employment Stability ❑ ® ❑ ❑ Growth Rate ❑ Fully Dev. ❑ Rapid ®Steady ❑ Slow Convenience to Employment DXDO Property Values ❑ Increasing ®Stable ❑ Declining Convenience to Shopping ❑ X ❑ ❑ Demand/Supply ❑ Shortage ®In Balance ❑ Oversupply Convenience to Schools ❑ x DR Marketing Time ® Under 3 Mos. ❑4-6 Mos. E Over 6 Mos. Adequacy of Public Transportation ❑ X 0 o Present 80%One-Unit 2 %2-4 Unit 8 %Apts. 0 %Condo 10 %Commercial Recreational Facilities ❑ X 0 ❑ = Land Use %Industrial 0 %Vacant % Adequacy of Utilities ❑ ® 0 ❑ o Change in Present ® Not Likely ❑ Likely(*) ❑Taking Place(*) Property Compatibility 0 X1 ❑ 0 = Land Use (*)From To Protection from Detrimental Conditions ❑ X 0 0 c' ❑ X ❑ ❑ a; Predominant Occupancy ®Owner ❑Tenant <5 %Vacant Police and Fire Protection Z One-Unit Price Range $ 14 to$ 145,000 Predominant Value$ 70,000 General Appearance of Properties ❑ ® ❑ ❑ One-Unit Age Range 0 yrs.to 70 yrs. Predominant Age 40 Yrs. Appeal to Market ❑ ® ❑ ❑ Comments including those factors,favorable or unfavorable,affecting marketability(e.g.public parks,schools,view,noise) The neighborhood is bounded by 19th Street on the north,Woodworth Blvd on the east,Hwy 82 on the west and the Ship Channel on the south. See neighborhood map attached. The subject neighborhood consists of those properties located within the west Port Arthur area as delineated on the Neighborhood Map. Average days on the market is 64 days or say 2.5 months. Dimensions 50'x 140' = 7,000 sf square feet E Comer Lot Zoning Classification 2F-Two-Family Residential Present Improvements ® Do 0 Do Not Conform to Zoning Regulations Highest and Best Use ® Present Use ❑Other(specify) Public Other(Describe) OFF SITE IMPROVEMENTS Topo Level Elec. ® Street Access ® Public ❑ Private Size Typical for neighborhood w Gas ® Surface Asphalt/Curb&Gutter Shape Rectangular/Interior h• Water El Maintenance ® Public ❑ Private View Residential San.Sewer ® ❑ Storm Sewer ❑ Curb/Gutter Drainage Adequate j ❑ Underground Elect.&Tel. ❑ Sidewalk ® Street Lights Is the property located in a FEMA Special Rood Hazard Area? ❑Yes ®No Comments(favorable or unfavorable including any apparent adverse easements,encroachments,or other adverse conditions) Standard utility easements noted will not affect the use or value of the property. No encroachment or zoning violations were noted. The site improvements and services are considered adequate. Flood Zone B,an area within the 500 year flood hazard area as designated on FEMA Flood Map 485499 0045 E (4/17/1984). The subject is located in close proximity to railroad tracks which negatively impacts market value. The undersigned has recited the following recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant hem in the comparable properly is superior to or more favorable than the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is inferior to or less favorable than the subject property, a plus (+) adjustment is made thus increasing the indicated value of the subject. ITEM I SUBJECT PROPERTY COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Address 916 18th St 3245 12th St 1209 Procter St 1215 Procter St Port Arthur,TX 77640 Port Arthur,TX 77642 Port Arthur,TX 77640 Port Arthur,TX 77640 Proximity to Subject 1.81 miles NE 1.04 miles SE 1.04 miles SE Sales Price $ N/A $ 1.36 $ 1.53 $ 1.53 Cl) Price Total Sale Price $ 0 $ 9,500 $ 8,000 $ 8,000 > Data Source(s) Site Visit 01/18/23 Bmt MLS#23023;DOM 128 Bmt MLS#230823;DOM 92 Bmt MLS#230822;DOM 92 J ITEM DESCRIPTION DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. • Date of Sale/Time Adj. N/A 11/03/2022 010/18/2022 010/18/2022 0 F Location A;Res;RR Tries N;Res;Avg. -0.22 N;Res;A.Avg. -0.40 N;Res;A.Avg. -0.40 c3 SiteNiew Interior/SFR Interior/SFR Interior/SFR Interior/SFR Size 7,000 of 6,970 sf 0.00 6,970 sf 0.006,970 sf 0.00 Phys.Characteristics Cleared/Level Cleared/Level Cleared/Level Cleared/Level Utility Average Average Average Average Zoning 2F 2FR 0.00 LC 0 LC 0 Sales or Financing None None None None Concessions None None None None Net Adj.(Total) ❑+ X- $ -0.22 0+ ®- $ -0.4 ❑+ X- $ -0.4 Indicated Value Net 16.2 % Net 26.1 % Net 26.1 % of Subject Gross 16.2 % $ 1.14 Gross 26.1 % $ 1.13 Gross 26.1 % $ 1.13 Comments on Market Data All sales are located in the subject marketing area and are reasonably comparable to the subject. The comparable sales selected provide reliable indicators of market value. The indicated values ranged from$1.12 to$1.28 per square foot with a mean value indication of$1.15 per square foot. Comments and Conditions of Appraisal Primary weight is given Sales#1,#2,#3 and#4 due to being most recent sales. Sales#5,#6,#7 and#8 I are supporting indicators of value. See additional comments on adjustments on the next page. NOTE:THE ANALYSIS ABOVE IS COMPLETED ON A PER SQUARE FOOT BASIS AND NOT ON TOTAL SALE PRICE AS INDICATED ON THE FORM. Z Final Reconciliation In developing an opinion of value for the subject,complete credence is given the Sales Comparison Approach. Based on o the above analysis a v.lue p($1 /sf i t ght reasonable for the subject tract. Thus,as of the effective date of this report,my opinion • of market value for t = , r j Jr$ct 7,000 of x$1.14/sf=$7,980 or say$8,000. J I(WE)ESTIMATE THE '��. v�lf!'AS HE SUBJECT PROPERTY AS OF 01/18/2023 TO BE$ 8,000 o zo Appraiser Andy D.Crand Supervisory Appraiser(if applicable) w Date of Signature and Report 01/19/2023 Date of Signature cc Title State Certified/Owner Title State Certification# TX-1322078 ST TX State Certification# ST Or State License# ST Or State License# ST . Expiration Date of State Certification or License 01/31/2024 Expiration Date of State Certification or License Date of Inspection(if applicable) 01/18/2023 ❑ Did 0 Did Not Inspect Property Date of Inspection Form LAND-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE 08 11 1 1 Main Ale No.23-0014-PTA ADDITIONAL COMPARABLE SALES 916_18th_St File No. 23-0014-PTA ITEM I SUBJECT PROPERTY COMPARABLE NO. 4 COMPARABLE NO. 5 COMPARABLE NO. 6 Address 916 18th St 2530 19th St 3840 41st St 2039 10th St Port Arthur,TX 77640 Port Arthur,TX 77640 Port Arthur,TX 77642 Port Arthur,TX 77640 Proximity to Subject 1.15 miles NE 2.79 miles N 1.00 miles E Sales Price $ N/A $ 1.14 $ 0.88 $ 0.86 Price Total Sale Price $ 0 $ 10,000 $ 7,000 $ 6,500 Data Source(s) Site Visit 01/18/23 Bmt MLS#230658;DOM 19 Bmt MLS#228319;DOM 28 Bmt MLS#227883;DOM 19 ITEM DESCRIPTION DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. Date of Sale/Time Adj. N/A 08/08/2022 0 05/19/2022 0 04/25/2022 0 Location A;Res;RR Trks A;Res;RR Trks A;Res;Busy Hwy +0.26A;Res;Busy Hwy +0.26 SiteNiew Interior/SFR Interior/SFR Interior/SFR Interior/SFR Size 7,000 sf 6,970 sf 0.00 6,970 sf 0.00 6,970 sf 0.00 Phys.Characteristics Cleared/Level Cleared/Level Cleared/Level Cleared/Level Utility Average Average Average Average Zoning 2F SFR 0 2FR 0 PD 0 Sales or Financing None None None None Concessions None None None None Net Adj.(Total) ❑+ ❑- $ ®+ ❑- $ 0.26 ®+ ❑- $ 0.26 Indicated Value Net % Net 29.5 % Net 30.2 % of Subject Gross % $ 1.14 Gross 29.5 % $ 1.14 Gross 30.2 % $ 1.12 Comments on Market Data Location Adjustment: The location adjustments applied to Sales#1,#2,#3,#5,#6,#7 and#8 was well supported by paired sales analysis of Sales#1 and#5 to Sale#4. Size Adjustment: No size adjustments were warranted. so in -- >- J - Q z Q Q _- r Q -- 0 r w --- cc Q 2 08/11 Form LANO.(AC)-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE 1 Main File No.23-0014-PTA ADDITIONAL COMPARABLE SALES 916_18th_St File No. 23-0014-PTA ITEM I SUBJECT PROPERTY COMPARABLE NO. 7 COMPARABLE NO. 8 COMPARABLE NO. g Address 916 18th St 2632 31st St 1331 Rev Ranson Howard St Port Arthur,TX 77640 Port Arthur,TX 77640 Port Arthur,TX 77640 Proximity to Subject 1.55 miles N 1.66 miles S Sales Price $ N/A $ 1.50 $ 0.86 $ Price Total Sale Price $ 0 $ 9,000 $ 7,500 $ Data Source(s) Site Visit 01/18/23 Bmt MLS#224821;DOM 95 Bmt MLS#222461;DOM 32 REM DESCRIPTION DESCRIPTION +(-)S Adjust. DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. Date of Sale/Time Adj. N/A 03/04/2022 0 09/21/2021 0 Location A;Res;RR Trks N;Res;Avg. -0.22 A;Res;Busy Hwy +0.26 SiteNiew Interior/SFR Interior/SFR Interior/SFR Size 7,000 sf 6,000 sf 0.00 6,970 sf 0.00 Phys.Characteristics Cleared/Level Cleared/Level Cleared/Level Utility Average Average Average Zoning 2F SFR 0 SFR 0 Sales or Financing None None None Concessions None None None Net Adj.(Total) ❑+ ®- $ -0.22 ®+ ❑- $ 0.26 ❑+ ❑- $ Indicated Value Net 14.7 % Net 30.2 % Net % of Subject Gross 14.7 % $ 1.28 Gross 30.2 % $ 1.12 Gross % $ Comments on Market Data Cl) Cl)-J — Q Z Q Q F- CD w Y CC Q 2 08/11 Form LAND.(AC)-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prodently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5)the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments am necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees,express or implied,regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were famished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower, the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before Me appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10048 6-93 Crandall Appraisal Service Form ACR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant fern in a comparable property is superior to, or mom favorable than,the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party,the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation,a specific valuation,or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards,which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report;therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above,and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 916 18th St,Port Arthur,TX 77640 APPRAISER: C/4"0SUPERVISORY APPRAISER(only if required): Signature: ' Signature: Name: Andy D.Crand Name: Date Signed: 01/19/2023 Date Signed: State Certification#: TX-1322078 State Certification#: or State License#: or State License#: State: TX State: Expiration Date of Certification or License: 01/31/2024 Expiration Date of Certification or License: ❑Did ❑ Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004E 6-93 Form ACR-"TOTAL"appraisal software by a la mode,Inc.-1-800-ALAMODE Crandall Appraisal Service Main File No.23-0014-PTA Borrower N/A N/A File No. 23-0014-PTA Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur PROPERTY HISTORY OF SUBJECT PROPERTY In developing a real property appraisal,when the value opinion to be developed is market value,an appraiser must,if such information is available to the appraiser in the normal course of business: (a)analyze all agreements of sale,options,or listings of the subject property current as of the effective date of the appraisal. (b)analyze all sales of the subject property that occurred within the three(3)years prior to the effective date of the appraisal. The appraiser has attempted to obtain specific information on the subject property with the following findings: • The subject property has had no change of ownership in the past three(3)years. X The subject property has had no change of ownership in the past five(5)years. The subject property is currently under contract. Details of the pending purchase are summarized below. L-: The subject property is currently offered for sale: The listing price is $ • The subject property has been sold in the past three(3)year period. Details of the previous sale(s)are disclosed below. Sale/Recording Date Sales Price List/Asking Price Grantor/Grantee Data Source • The subject property is proposed construction and is not currently being offered. E A previous sales history of the subject property could not be obtained by the appraiser in the normal course of business. Comments: A search of the Jefferson County CAD records indicates no sale or transfer of the subject in the past five years. Texas is a non-disclosure state. Form PHS2-"TOTAL"appraisal software by a la mode,inc,-1-800-ALAMODE I Main File No.23-0014-PTA 916_18th_St USPAP ADDENDUM File No.23-0014-PTA Borrower N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur This report was prepared under the following USPAP reporting option: ®Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(a). ❑ Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(b). Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: 2.5 months or less Additional Certifications I certify that,to the best of my knowledge and belief: ® I have NOT performed services,as an appraiser or in any other capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. ❑ I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. -The statements of fact contained in this report are true and correct. -The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are my personal,impartial,and unbiased professional analyses,opinions,and conclusions. -Unless otherwise indicated,I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. -I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. -My engagement in this assignment was not contingent upon developing or reporting predetermined results. -My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. -My analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. -Unless otherwise indicated,I have made a personal inspection of the property that is the subject of this report. -Unless otherwise indicated,no one provided significant real property appraisal assistance to the person(s)signing this certification(if there are exceptions,the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report). Additional Comments SOURCE OF MARKET VALUE DEFINITION: For purposes of this report,we have only been asked to develop an opinion of Market Value as defined by the Office of the Comptroller of the Currency in Section 12 CFR,Part 34,Subpart C. The fee paid to me by the client for completion of this report was$400. Note Regarding MLS Data: MLS data is copyrighted and is for the express use of MLS members. Thus,MLS data sheets cannot be provided. I,Andy D.Crandall,adhered to all of the State of Texas licensing requirements. APPRAISER: :::::hh1s0 APPRAISER: (only if required) Signature: OC�K� Name: Andy D.Crandal _ Name: Date Signed: 01/19/2023 - Date Signed: State Certification#: TX-1322078 _ State Certification#: or State License#: or State License#: State: TX State: Expiration Date of Certification or License: 01/31/2024 Expiration Date of Certification or License: Effective Date of Appraisal: 01/18/2023 Supervisory Appraiser Inspection of Subject Property: ❑ Did Not ❑ Exterior-only from Street ❑ Interior and Exterior Form ID14AP-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA Supplemental Addendum File No.23-0014-PTA Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur ADDITIONAL CERTIFICATION: I,Andy D.Crandall,inspected the exterior of the subject property. The order form identifies me as Andy Crandall. I certify that my full name is Andy D.Crandall and I am the same person identified on the order form. This appraisal was prepared in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice and in accordance with the requirements of title XI of the Financial Institutions Reform,Recovery and EnForcement act of 1989, as amended(12 U.S.C.331 et seq.)and any implementing regulations. The contents of this report and the analysis presented herein comply with and meet all applicable FIRREA regulations and guidelines. I have not provided an appraisal or real estate related services for the subject property within the past three years. PURPOSE,INTENDED USE,AND INTENDED USER OF THE APPRAISAL: The purpose of the appraisal is to develop an opinion of market value for the subject property,as defined in this report,as of the effective date of this report. The intended • use of the appraisal is to assist the client and any other intended users in internal decision making and marketing purposes. The intended user of this report is the City of Port Arthur,as the stated client. The appraiser intends for no one else to rely on the value opinion or any other conclusions contained in this appraisal report. DEFINITION OF INSPECTION: The term"Inspection",as used in this report,means observation for the purposes of ascertaining general property condition and construction features in the development of an opinion of value. The observation made by the appraiser It is not the same level of inspection that is required for a"Professional Home Inspection"as the electrical system,plumbing system,mechanical systems,foundation,floor structure,or subfloor are not fully inspected to the extent of determining operational quality. Furthermore,the appraiser is not an expert in construction materials. If the client needs a more detailed inspection of the property,a home inspection,by a Professional Home Inspector,is suggested. DIGITAL SIGNATURES: The signature affixed to this report,and certification,were applied by the original appraiser or 4 supervisory appraiser and represent their acknowledgements of the facts,opinions and conclusions found in the report. Each appraiser applied his or her signature electronically using a password encrypted method. Hence these signatures have more safeguards and carry the same validity as the individual's hand applied signature. If the report has a hand-applied signature, this comment does not apply. OPINION OF MARKET VALUE VS ESTIMATE OF MARKET VALUE: The current Uniform Standards of Professional Practice defines the market value conclusion as an opinion of market value and not an estimate of market value. SOURCE OF MARKET VALUE DEFINITION: For purposes of this report,we have only been asked to develop an opinion of -Market Value as defined by the Office of the Comptroller of the Currency in Section 12 CFR,Part 34,Subpart C. EXPOSURE AND MARKETING PERIOD: Based on sales analyzed in this appraisal report,a reasonable marketing period for the subject property is 2.5 months or less given the current market conditions. Based on sales analyzed in this appraisal report,a reasonable exposure period for the subject property is 2.5 months or less ::given the current market conditions. • Scope of Work Subject Property Observation: The appraiser viewed the subject site on 01/18/2023. The property owner was not present at the time of observation. In preparing this appraisal,the appraiser utilized information gathered from the onsite visit and the 4e Jefferson County Appraisal District in identifying relevant physical and legal characteristics of the subject property. A current 49 survey or title commitment was not made available to the appraiser for review. Thus,the subject is assumed to be free of 50 encroachments and normal easements,restrictions and other legal aspects of the subject property are assumed to be typical for 51 the neighborhood. 52 53 Subject Property Description: The subject site is a rectangular shaped site with 50 front feet along 18th Street and a depth of 54 140 feet. It is Geared,level and appears adequately drained. Site utility is considered to be average. Electricity,telephone 55 service,water and sewer services are available to the tract. The subject has no improvements. 56 57 Property Tax Data:Jefferson County CAD#053400-000-048300-00000 with an assessed value of$980. 58 59 Comparable Data Selection: In the development of a value opinion,the appraiser has gathered sales information on similar 60 vacant land sales within the Port Arthur marketing area over the past three years. Comparable sales were selected based on 61 physical and locational characteristics and were not selected based on price. In accordance with Certification#7,my 62 comparable selection was based on vacant sites most similar to the subject in location,size,utility and zoning. Some minor 63 variances were noted and adjustments were warranted. Other sales were available for analysis,but were significantly less 64 comparable to the subject. My search for sales data utilized the Beaumont and Mid-County Multiple Listing Service. The data 65 on each sale was provided by a broker directly involved with each transaction. The information provided by this service is 66 considered reliable and the appraiser did not verify the data with the buyer or seller. MLS data was verified with the local county 67 central appraisal district(taxing authority). 68 69 Approaches Developed: The Sales Comparison Approach was developed,as the market typically relies on this approach in 70 the development of an opinion of value for vacant residential sites. The subject has no improvements. Thus,the Cost 71 Approach is not applicable. The subject has no income stream to capitalize into a value opinion. Thus,the Income Approach 72 could not be developed. 73 74 Summary of Mar et Analysis: A very limited number of recent vacant land sales were available for analysis with a sufficient Signature O' 604, Signature Name Andy D.Crandall Name Date Signed 01/19/2023 Date Signed State Certification# TX-1322078 State TX State Certification# State Or State License# State Or State License# State Form TADD2-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA • Supplemental Addendum File No 23-0014-PTA Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur 75 degree of comparability to the subject(i.e.location,size and physical characteristics,etc.)within the subject general marketing 76 area. Sales data was very limited in the Port Arthur market for tracts comparable in size to the subject. Thus,my market 77 search was expanded back three years. The sales selected for analysis are most comparable in location,size,utility and 78 zoning of those sales discovered. Thus,the use of these sales is considered to provide reliable indicators of market value. 79 so•Neisthborhood Description: 81 Local and regional transportation is adequate. The Southeast Texas Regional Airport is located approximately 5 miles 82 northwest of the subject. Local ports continue to report growth in shipping activity. 83 84 The subject neighborhood is a well established residential area which continues to have market demand. It is typified by a wide 85 variety of single family residential homes. Recent construction trends have been toward modem homes. Residential 86 development continues at a slow steady pace. Homes in the subject neighborhood range from average to good quality and 87 were found to be well maintained. Yards are well maintained with average to good landscaping. The neighborhood is accessed 88 by a mixture of asphalt open ditched streets and concrete curb and guttered streets which are well lit. 89 90 Adequate residential support facilities are located within the neighborhood. Commercial development is primarily along the 91 major traffic arteries including Gulfway Drive,Houston Ave and Proctor Street. Commercial development has been somewhat 92 slow. 93 94 City Profile: Port Arthur is located in the Southeastern corner of Texas,on the Gulf Coast and is bordered by Sabine 95 Lake on the south,an inland bay. Port Arthur is spread over 89.5 square miles. The City is located 20 miles southeast of 96 Beaumont(the county seat of Jefferson County),80 miles east of Houston and 280 miles west of New Orleans. The area has a 97 mean annual temperature of 68.7 degrees providing a moderate climate year round. Port Arthur became a city in 1898 resulting 98 from Arthur Stilwell's development of the Kansas City Railroad along the Gulf. Port Arthur has access to the Gulf of Mexico via 99 Sabine Lake,the Neches River,and the Gulf Intercoastal Waterway. This makes water central to industry,recreation and 100 tourism. The petrochemical industry found Port Arthur a natural location for major refining facilities,with the proximity for lol shipping coupled with the"Spindletop"oil field a mere 10 miles to the north. The chemical and petrochemical industry 102 continues to provide the majority of the economic base for the area. The Port of Port Arthur is a major port of entry in the U.S 103 with a total dockside transit shed space of 425,000 square feet and 100,000 square feet of backside storage. The port 104 continues to increase its annual tonnage of cargo shipped each year. Commercial fishing is a major contributor to the local 1os economy. Today,Port Arthur is home to three major refineries and remains the important terminus of the Kansas City Southern 106 railroad. 107 108 Population Trends: The 2020 census count for Port Arthur is 53,062 down 1.40%from the 2010 census. 109 110 Labor: The current employed labor force,according to Texas Workforce Commission,for the Beaumont MSA for November ill 2022 is 155,900,up slightly from the November 2021 level of 152,600. The current unemployment rate is 9.9%compared to 112 12.9%one year ago. 113 114 Schools: The Port Arthur Independent School District encompasses the area within the City of Port Arthur and a portion of the 115 City of Groves. The school district was organized on August 24,1899 by election. The first Board of Trustees was elected on 116 September 6,1899. The district's instructional program is balanced and includes the standard academic TEA requirements 117 and is enhanced by elective courses. The district currently being restructured into a one high school system from it's present 118 three high school system. Elementary and middle school campuses are located throughout the community. 119 120 Government: The City of Port Arthur functions under a Council-Manager form of government. The City Council performs the 121 legislative and policy functions and appoints the City Manager,City Attorney,City Secretary,and Municipal Court Judge. The 122 City Council is made up of a Mayor and eight Council members. Four Council members are elected from single member 123 districts,two from combined districts and two at large. The two at large members are elected for two year terms and the other 124 Council members and mayor are elected for three year terms. 125 126 Services: Port Arthur Patrol Officers are known for providing responsible,prompt,courteous service and protection to the 127 citizens of Port Arthur 24 hours-a-day, days a week,365 days a year. The department consists of ample full-time certified 128 police officers with additional full and part time support staff. The department is separated into three divisions: Patrol,Criminal 129 Investigations,and Administration. The department has also developed and practices Community Policing resulting in 18 130 citizens groups called the Port Arthur Neighborhood Action Council(PANAC.). The Port Arthur Fire/Rescue Department in provides fire protection to the entire city and is staffed by ample full-time,uniformed officers and support personnel. The 132 department has good response times,modem equipment and maintains a specialized team for response to hazardous 133 materials. 134 135 Recreation: The Port Arthur area is well known as "fisherman's paradise"offering both salt water and fresh water fishing. The 136 beaches,marshes and bayous offer sanctuary to wildlife ranging from alligators to various species of birds. Located on the 137"Central Flyway"for migrating waterfowl,it is estimated that at peak times a million ducks,geese,and other birds make their 138 temporary homes in the marshlands and rice fields surrounding the City;a bounty for birdwatchers and hunters alike. Pleasure 139 Island,located south of the City,provides boating,fishing,disc golf,windsurfing and other recreational opportunities on Sabine 140 Lake. Port Arthur provides a number of city parks as well which include various recreational facilities. Several public and 141 private golf courses are available within a short driving distance. Outdoor recreation around Port Arthur and the Golden Triangle 142 is among the finest found anywhere,and Southeast Texas has been called a sportsman's paradise. Public and private,local, 143 state and national recreational facilities abound,and Port Arthur's moderate climate makes outdoor activity a year-round 144 possibility. 145 146 Economic Outlook: The economic outlook for the Southeast Region which includes Beaumont,Port Arthur and Orange 147 continues to have some impacts due to the COVID-19 pandemic. The largest impact mirrors that of the nation economy 148 regarding supply chain issues. Our area in serviced by two inland ports. The Port of Beaumont had a record year in 2020. This Cz: tI: /+Signature r Signature Name Andy D.Crandall Name Date Signed 01/19/2023 Date Signed State Certification# TX-1322078 State TX State Certification# State Or State License# State Or State License# State Form TADD2-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA Supplemental Addendum File No.23-0014-PTA Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur 149 trend is expected to continue as the port continues with infrastructure improvements,marketing and a designation by the U.S. 150 Department of Translation's Maritime Administration of the Port of Beaumont Marine Highway Project. Beaumont is located on 151 Interstate 10,a major east/west traffic artery which has a significant amount of commercial tractor/trailer traffic moving goods 152 through the state and nation.Beaumont and surrounding communities offer ample trucking facilities to accommodate the 153 transportation industry. With the local ports,interstate highways and connecting rail systems,the Beaumont area is in a good 154 position to aid with supply chain issues. 155 156 An investment of$18 million in federal funds was allocated to the Sabine-Neches Waterway deepening project which will allow 157 larger ships coming through the Panama Canal to reach our local ports. This project will keep Southeast Texas competitive with 158 other U.S.ports and insure future growth. 159 160 The areas most highly concentrated industries compared to the rest of the state are the production of chemical and petroleum 161 products as well as construction. Petroleum products manufacturing is the most heavily concentrated sub-sector. Additionally, 162 the port of Beaumont,Port Arthur,Orange and Sabine accounted for nearly a quarter of all U.S.crude oil exports from 2017 to 163 2018,according to the U.S.Energy Information Administration. The region is also the largest exporter of liquefied natural gas in 164 the U.S. Expansion of these facilities are currently underway. 165 166 Area employment continues a slow recovery from the pandemic's impact of 2020. The unemployment rate has dropped 2.9% 167 from last year. Local businesses are hiring especially in the restaurant and hospitality industry. Area construction project 168 continue to provide employment opportunities in the residential and commercial sectors. 169 170 Massive investments are taking place in the area of liquefied natural gas,refining,petrochemical and pipelines which will 171 continue to be the source of growth for the region. Recently,Houston based American Ethane announced plans to expand an 172 existing Neches River terminal to support an ethane-export facility with capacity to supply about$72 billion in gas to China. The 173 project will create temporary construction jobs and will result in 200 permanent full-time jobs. Exxon Mobil continues to expand 174 its facility in Beaumont which will boost its crude refining capacity by two-thirds and make it one of the nation's largest refineries. 175 The liquefied natural gas industry has focused on Sabine Pass for their terminal projects due to the Sabine Area Waterway and 176 ifs close proximity to the Gulf of Mexico,railroad service and interstate highways. In 2016,Cheniere Energy's Sabine Pass 177 facility became the first U.S.company to export LNG to growing markets in Asia. The LNG facilities in Sabine Pass is a$30 178 billion dollar investment which created 600 permanent jobs. 179 180 A number of local cities have economic development councils. The Southeast Regional Planning Commission and Jefferson 181 County Economic Development Council are major players in the areas economic development. The areas industry based 182 comprises top Fortune 500 companies including ExxonMobile,Valero Energy,Anadarko Petroleum,Chevron,Huntsman, 183 McKesson,Halliburton,Goodyear and Dupont. Fortune Global 500 companies include Total and BASF. CB&I and Richard 184 Design Services are two engineering firms with a strong presence in the tri-county area. The companies that have invested 185 heavily in this area and the local economy indude Omniport,ExxonMobil's Golden Pass LNG Facility,Cheniere Energy Inc. 186 LNG facility,OCI,Jefferson Energy Company,National Oilwell Varco,DuPont Orange and Biofuels. Chevron/Phillips i87 announced in November of 2022 the construction on an 8.5 billion dollar expansion to its existing refinery in Orange County. 188 189 This area continues to attract commercial,mining,petrochemical and industrial development due to its three deepwater ports,it 190 major interstate highway,three class one rail lines,and access to two international airports and three commercial/primary 191 airports in the Houston area. Lamar University and Lamar Institute of Technology continue to provide well educated and trained 192 students to fulfill the local staffing needs of area employers. 193 194 Conclusion: Public transportation,recreational facilities and utilities within the neighborhood are considered to be adequate. 195 Surrounding properties are improved with single-family homes. Property compatibility is thought to be average. No adverse 196 conditions were noted which would affect property values. Police and fire protection are provided by the City of Port Arthur and 197 are considered to be adequate. 198 199 HIGHEST AND BEST USE ANALYSIS: zoo Highest and Best Use"as though vacant": The subject 2,000 square foot has adequate utility for a variety of residential uses. zo1 Based on our observation of the site and description as outlined herein,there as no known physical restraints that would inhibit 202 development other that site size. The subject site is currently zoned 2-F,which provides for two-family residential development. 203 Single-family and multi-family and residential development are predominant within the immediate neighborhood. Commercial 204 development is not allowed in this zoning district. Demand for commercial development in this part of Port Arthur is very limited. 2os The subject's site size and location are not conducive to commercial development. Based on development trends within the 206 subject neighborhood,residential development is considered to be the most financially feasible use as well as the most 207 maximally productive use. 208 209 Environmental Conditions: No adverse environmental conditions were noted which would affect the subject property value. Signature Signature Name Andy D.Crandall Name Date Signed 01/19/2023 Date Signed State Certification# TX-1322078 State TX State Certification# State Or State License# State Or State License# State Form TADD2-'TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE I Main File No.23-0014-PTA Subject Photos Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur Subject Front 916 18th St Sales Price N/A pi J,,.:i G.L.A. Tot.Rooms - Tot.Bedrms. ' Tot.Bathrms. g r Location A;Res;RR Trks _ • 2 ; View Interior/SFR i Site Duality a� Age .t - . , , _. ., V' ,,,-:' ' Subject Street tu;v " � ti '� View: Looking east s �awy Subject Street View: Looking west i4t x - „ . .„4... . . „„,: laiiio.: .,.. (4. ' - -'-' \atikAill - 7 Form PIC4X6.SR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA Comparable Land Photo Page Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur �,.:� '� * Comparable 1 tip: 3245 12th St Prox to Subj. 1.81 miles NEF "� Sales Price 1.36 4 Date of Sale 11/03/2022 '' ' 4: , „. Location N;Res;Avg. #'• -—, 5e .° ''N SiteNiew Interior/SFR ''' Size 6,970 sf .0' `�, 1. J Phys.Characteristics Cleared/Level Utility Average # .. isea.4 Zoning 2FR Ewa. . 4 ,"" q Comparable 2 1209 Procter St *', Prox to Subject 1.04 miles SE / Sales Price 1.53 a Date of Sale 10/18/2022 Location N;Res;A.Avg. lilt, ift 30 SiteNiew Interior/SFR Size 6,970 sf � 1, Phys.Characteristics Cleared/Level Utility Average Zoning LC Comparable 3 1215 Procter St r Prox to Subject 1.04 miles SE Sales Price 1.53 '. Date of Sale 10/18/2022 Location N;Res;A.Avg. r:_ SiteNiew InteriorlSFR > ' Size 6,970 sf „ .Y� Phys.Characteristics Cleared/Level Util ty Average 'T - Zoning LC • Form DM%LND-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE I Main rile No.23-0014-PTA Comparable Land Photo Page Borrower/Client N/A N/A - Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur . Comparable 4 eA.t' 4,,t 2530 19th St ,'4. Prox to Subj. 1.15 miles NE j =s, • k' .' Sales Price 1.14 uF y. Date of Sale 08/08/2022 "?'' Location A;Res;RR Trks • ' .+ SiteNiew Interior/SFR • Size 6,970 sf Phys.Characteristics Cleared/Level • Utility Average Zoning SFR t 1 • .. • �'' k - g ,,.: Comparable 5 `� 3840 41st St x 4,.E 1 °-. , E wik Prox to Subject 2.79 miles N . sft= . Sales Price 0.88 ` S �� �S ' Date of Sale 05/19/2022 4*� t Location A;Res;Busy Hwy a « J �i-, SiteNiew Interior/SFR ;i. ,a ! k <i Size 6,970 sf } `i Phys.Characteristics Cleared/Level A. , `'ni .�,; .� Utility Average --• Zoning 2FR +, yx Comparable 6 ,� sty X 2039 10th St yri ,x° • .- s, Prot to Subject 1.00 miles E if` ._: '" •Alt? a Sales Price 0.86 ./+{ , {> Date of Sale 04/25/2022 Location A;Res;Busy Hwy ' I. Skew Interior/SFR ,� ''Aea 4. . k + Size 6,970 sf h ` t f .' - ,r'> ,- ki . -r Phys.Characteristics Cleared/Level ,� _ 6.. Utility Average + fi#'jr Zoning PD -1, t v Form DM%LND-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA 1 Comparable Land Photo Page Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur Comparable 7 2632 31st St Prox to Subj. 1.55 miles N Sales Price 1.50 Date of Sale 03/04/2022 a�. :,� � .�. a;N.• � _ Location N;Res;Avg. u ti SiteMew Interior/SFR Size 6,000 sf - Phys.Characteristics Cleared/Level Utility Average Zoning SFR Comparable 8 1331 Rev Ranson Howard St Prox to Subject 1.66 miles S Sales Price 0.86 Date of Sale 09/21/2021 Location A;Res;Busy Hwy h t> < - y':•. SheMew Interior/SFR Size 6,970 sf t < , Phys.Characteristics Cleared/Level =3 � •C ... Utility Average �r, ► r - Zoning SFR • • Comparable 9 Pros.to Subject Sales Price Date of Sale Location Skew Size Phys.Characteristics Utility Zoning Form DM%LND-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA Comparable Sales Map Borrower/Client N/A N/A - Property Address 916 18th St State TX Zip Code 77640 City Port Arthur County Jefferson Lender City of Port Arthur a la mode, inc.y� ( ) k 44.11 Adams Park COMPARABI E No.S 3840 41st St 2.79 miles e. GRIPPING PARK COMPARABLE No.7 2632 31st St 1.55 mites N Saint JoseDI r COMPARABLE No. 1 Catholic Chutcl L 45 1 Irn St 1.81 miles NE a 4, a` 8ik? a; ♦ SUBJECI COMPARABLE No.4 u16 iSUi St 2530 19th St 1.15 miles NE COMPARABLE No.6 2039 10th St 1.00 miles E `'art COMPARABLE No.2 A eta 1209 Procter St 1.04 miles SE • Museum of the Gulf Coast COMPARABLE No.3 COMPARABLE No.8 = 1215 Procter St 1331 Rev Ranson Howard St ort of Port 1.04 miles SE 1.66 miles S r Terminal 1 _ sa P� 0 1la map date?:•_G•:i 2c0ih i 4 Tom,o or uae FOR MAP.LOC-"TOTAL"appraisal software by a la mode,Inc.-1-800-ALAMODE Main Re No.23-0014-PTA Neighborhood Map Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur a la mode, inc. GRIFFINS PARK ,fb Saint Josef. ;-; Catholic Churc • s,„, , . • SUBJEC1 914i 18th st Port Arthur • Museum of r. . safety • the Gulf Coast ikk Port of Port Arthur Terminal <.••••.' oo ye Mao data a of LA. Form MAP.LOC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA Flood Map Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur Prepared for Crandall Appraisal Service InterFlood • 916 18th St Port Arthis,TX 7764 0 •. .-. .:-.,.., 4,61, *79 -. ...,.. (-. .,.• ... ,,,.!:•! ' ,.. -,.., c.:. 4,..... „..,„... ..: ,.., 4,...4. ..),.. ., 1. ir 'el ..7;* 4 , ... Ezti.36rn Star 0 ::1..,, Ol.ve9 -1 ' aapts1 Church Y ;ha Baptqst Church... 1.6 .e,.. e ts, 4),, .N1..,„, ,,..... 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' . r -v 91618th St /1//r/lii I.C2% /, 4i' ,•. .. , / < .,.,K/ #r N / N4 / /1 b.f, ) // / // iN / /N' > N . / - xi i ri;) i / 41` PZ° / (0 N.\ / of` / 4, (7,, --`: .01.t. ).N. --‘,. .., dr / ,-,_ .z Ce, iP• 418 t '6, // //f\ >-,, .-. - N • j/7>* ,0 t / ....7" iN_ ___t".,/ • Form SCNLTR-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE 1 Main Rle No.23-0014-PTA 1 Aerial Map Borrower/Client N/A N/A Property Address 916 18th St City Port Arthur County Jefferson State TX Zip Code 77640 Lender City of Port Arthur a la mode inc. lit j `" -4 '-4-I P ..r, A. $ _ ..� . 1 1:. } rk N. ' - sit•rff is - t•' r Fw i inj \. .,,,' ;:ift. f. n .4 . R h tr 02" SUBJECT :I 916 18th St '1 ' ` 4 ,''' .may '1.;., '� rr. e ., $ 4 • 4- , . , .ri: ,_:' ;4-441:7..**:. ' '''''i.'- 1 :ttir::7!;:,A- • N A' i`, Google , . — -A im war,.7-1,....!...,. : . u.ss.o asown — Form MAP.LOC-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE Main File No.23-0014-PTA I E&O Insurance HUDSON INSURANCE COMPANY H( I Xo 100 William Street,5"'Floor New York,NY 10038 REAL ESTATE PROFESSIONAL ERRORS AND OMISSIONS INSURANCE POLICY DECLARATIONS NOTICE:THIS IS A"CLAIMS MADE AND REPORTED"POLICY.THIS POLICY REQUIRES THAT A CLAIM BE MADE AGAINST THE INSURED DURING THE POLICY PERIOD AND REPORTED TO THE INSURER,IN WRITING,DURING THE POLICY PERIOD OR AUTOMATIC EXTENDED REPORTING PERIOD. THIS POUCY MAY CONTAIN PROVISIONS WHICH LIMIT THE AMOUNT OF CLAIM EXPENSES THE INSURER IS RESPONSIBLE TO PAY IN CONNECTION WITH CLAIMS.CLAIM EXPENSES SHALL BE SUBJECT TO ANY DEDUCTIBLE AMOUNT.THE PAYMENT OF CLAIM EXPENSES WILL REDUCE THE LIMITS OF LIABILITY STATED IN ITEM 4.OF THE DECLARATIONS.PLEASE READ YOUR POLICY CAREFULLY. PLEASE READ THIS POLICY CAREFULLY. Policy Number: PRA-2RE-1001545 Renewal of: PRA-2RE-1000446 A Crandall Appraisal Services, LLC 1. Named Insured: (including Predecessor Entities and 2. Physical Address: 5210 Kent Avenue Groves,TX 77619 Mailing Address: 5210 Kent Avenue Groves,TX 77619 3. Policy Period: From:August 15.2022 To:August 15.2023 12:01 A.M. Standard Time at the address of the Named Insured as stated in Number 2 above 4. Limit of Liability A. Per Claim: $1.000.000 B. Aggregate: $1.000.000 5. Deductible: $2.500 Each Claim 6. Policy Premium: $2,487,00 State Taxes/Surcharges: $0.00 7. Retroactive Date: Full Prior Acts 8. Notice to Company: Notice of a Claim or Potential Claim should be sent to: Hudson Insurance Group 100 William Street,5'h Floor New York,NY 10038 Fax: 646-216-3786 Email: hudsonclaims3000a hudsoninsgroup.com 9. A, Program Administrator: Riverton Insurance Agency Corp, B. Agent/Broker: OREP Insurance Services,LLC (888)347-5273 IN WITNESS WHEREOF We have caused this policy to be executed by our President and our Corporate Secretary at New York, New York President Secretary Form SCNLGL-"TOTAL"appraisal software by a la mode.inc.-1-800-ALAMODE Main File No.23-0014-PTA State Certification ANDY DEAN CRANDALL 5210 KENT AVE GROVES,TX 77619 Certified Residential TAL,CB Real Estate Appraiser TEXAS APPRAISER LICENSING r. CERTIFICATION BOAPC Appraiser: ANDY DEAN CRANDALL License#: TX 1322078 R License Expires: 01/31/2024 Having provided satisfactory evidence of the qualifications required by the Texas Appraiser Licensing and Certification Act,Occupations Code,Chapter 1103,authorization is granted to use this title: Certified Residential Real Estate Appraiser -- Chelsea Buchholtz For additional information or to file a complaint please contact TALCB Commissioner at www.talcb.texas.gov. Form SCNLGL-"TOTAL"appraisal software by a la mode.inc.-1-800-ALAMODE EXHIBIT "B" (Contract) 61tnentIsign lu:b21tiuub4-41.)/J-I-111-AG8(..-uuvu3A1 u-uuu PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION(TREC) 05-04-2026 TREC UNIMPROVED PROPERTY CONTRACT NOTICE: Not For Use For Condominium Transactions EQUAL HOUSING OPPORTUNITY 1. PARTIES: The parties to this contract are City of Port Arthur (Seller) and Elroy Widow (Buyer). Seller agrees to sell and convey to Buyer and Buyer agrees to buy from Seller the Property defined below. 2. PROPERTY: Lot 4 , Block 432 City of Port Arthur Addition, City of Port Arthur , County of Jefferson Texas, known as 916 18th St 77640 (address/zip code), or as described on attached exhibit together with all rights, privileges and appurtenances pertaining thereto (Property). RESERVATIONS: Any reservation for oil, gas, or other minerals, water, timber, or other interests is made in accordance with an attached addendum. 3. SALES PRICE: A. Cash portion of Sales Price payable by Buyer at closing $ 8,000.00 The term"Cash portion of the Sales Price"does not include proceeds from borrowing of any kind or selling other real property except as disclosed in this contract. B. Sum of all financing described in the attached:❑Third Party Financing Addendum, ❑Loan Assumption Addendum,❑Seller Financing Addendum $ C. Sales Price(Sum of A and B) $ 8,000.00 D. The Sales Price❑will❑X will not be adjusted based on the survey required by Paragraph 6C. If the Sales Price is adjusted, the Sales Price will be adjusted based on the difference between acres and the acreage set forth in the survey required by Paragraph 6C. The difference in acreage (either increased or decreased) shall be multiplied by the sum of $ per acre and either added to or subtracted from the Sales Price stated in Paragraph 3C. If the Sales Price is adjusted by more than 10%, either party may terminate this contract by providing written notice to the other party within days after the terminating party receives the survey. If neither party terminates this contract or if the variance is 10% or less, the adjustment will be made to the amount in ❑3A ❑3B ❑proportionately to 3A and 3B. 4. LEASES: A. Except as disclosed in this contract, Seller is not aware of any leases affecting the Property. After the Effective Date, Seller may not, without Buyer's written consent, create a new lease, amend any existing lease, or convey any interest in the Property. B. NATURAL RESOURCE LEASES: "Natural Resource Lease" means an existing oil and gas, mineral, geothermal, water, wind, or other natural resource lease affecting the Property to which Seller is a party. Seller _is ❑X is not a party to a Natural Resource Lease. If Seller is a party to a Natural Resource Lease,check one of the following: (1) Seller has delivered to Buyer a copy of all the Natural Resource Leases. (2) Seller has not delivered to Buyer a copy of all the Natural Resource Leases. Seller shall provide to Buyer a copy of all the Natural Resource Leases within 3 days after the Effective Date. Buyer may terminate the contract within days after the date the Buyer receives all the Natural Resource Leases and the earnest money shall be refunded to Buyer. 5. EARNEST MONEY AND TERMINATION OPTION: A. DELIVERY OF EARNEST MONEY AND OPTION FEE: Within 3 days after the Effective Date, Buyer must deliver to Texas Regional Title (Escrow Agent) at 7980 Anchor Dr Ste 800, Port Arthur,Tx 77642 (address): $ 950.00 as earnest money and $ 50.00 as the option fee. The earnest money and option Fee shall be made payable to Escrow Agent and may be paid separately or combined in a single payment. (1) Buyer shall deliver additional earnest money of $n/a to Escrow Agent within n/a days after the Effective Date of this contract. (2) If the last day to deliver the earnest money, option fee, or the additional earnest money falls on a Saturday, Sunday, or Legal Holiday, the time to deliver the earnest money, option fee, or the additional earnest money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or Legal Holiday. "Legal Holiday" means a legal holiday described in Sections 662.003(a)and 662.003(b)(4)and(6),Texas Government Code. (3) The amount(s) Escrow Agent receives under this paragraph shall be applied first to the option fee,then to the earnest money, and then to the additional earnest money. (4) Buyer authorizes Escrow Agent to release and deliver the option fee to Seller at any time without further notice to or consent from Buyer, and releases Escrow Agent from liability for delivery of the option fee to Seller. The option fee will be credited to the Sales Price at closing. B. TERMINATION OPTION: For nominal consideration, the receipt of which Seller acknowledges, and Buyer's agreement to pay the option fee within the time required, Seller grants Buyer the Initialed for identification by Buyers and Seller TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynte DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com wtnenusign iv:tl21tiUGb4-4U id-h 111-AG9U-l10003A1 LA-ULU Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 2 of 11 05-04-2026 (Address of Property) unrestricted right to terminate this contract by giving notice of termination to Seller within 5 days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If Buyer gives notice of termination within the time prescribed: (i) the option fee will not be refunded and Escrow Agent shall release any option fee remaining with Escrow Agent to Seller;and (ii)any earnest money will be refunded to Buyer. C. FAILURE TO TIMELY DELIVER EARNEST MONEY: If Buyer fails to deliver the earnest money within the time required, Seller may terminate this contract or exercise Seller's remedies under Paragraph 15, or both,by providing notice to Buyer before Buyer delivers the earnest money. D. FAILURE TO TIMELY DELIVER OPTION FEE: If no dollar amount is stated as the option fee or if Buyer fails to deliver the option fee within the time required, Buyer shall not have the unrestricted right to terminate this contract under this Paragraph 5. E. TIME: Time is of the essence for this paragraph and strict compliance with the time for performance is required. 6. TITLE POLICY AND SURVEY: _ A. TITLE POLICY: Seller shall furnish to Buyer at X Seller's _ Buyer's expense an owner's policy of title insurance (Title Policy) issued by Texas Regional Title (Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer against loss under the provisions of the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances)and the following exceptions: (1) Restrictive covenants common to the platted subdivision in which the Property is located. (2) The standard printed exception for standby fees, taxes and assessments. (3) Liens created as part of the financing described in Paragraph 3. (4) Utility easements created by the dedication deed or plat of the subdivision in which the Property is located. (5) Reservations or exceptions otherwise permitted by this contract or as may be approved by Buyer in writing. (6) The standard printed exception as to marital rights. (7) The standard printed exception as to waters, tidelands, beaches, streams, and related matters. (8) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary _ lines,encroachments or protrusions,or overlapping improvements: (i)will not be amended or deleted from the title policy;or x (ii)will be amended to read,"shortages in area"at the expense of 11 Buyer_Seller. (9) The exception or exclusion regarding minerals approved by the Texas Department of Insurance. B. COMMITMENT: Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions. Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyer at Buyer's address shown in Paragraph 21. If the Commitment and Exception Documents are not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days or 3 days before the Closing Date, whichever is earlier. If the Commitment and Exception Documents are not delivered within the time required, Buyer may terminate this contract and the earnest money will be refunded to Buyer. C. SURVEY: The survey must be made by a registered professional land surveyor acceptable to the Title Company and Buyer's lender(s). (Check one box only) ❑ (1) Within days after the Effective Date of this contract, Seller shall furnish to Buyer and Title Company Seller's existing survey of the Property and a Residential Real Property Affidavit or Declaration promulgated by the Texas Department of Insurance (T-47 Affidavit or T-47.1 Declaration). Buyer shall obtain a new survey at Seller's expense no later than 3 days prior to Closing Date if Seller fails to furnish within the time prescribed both the: (i) existing survey; and (ii) affidavit or declaration. If the Title Company or Buyer's lender does not accept the existing survey, or the affidavit or declaration, Buyer shall obtain a new survey at ❑Seller's 1 Buyer's expense no later than 3 days prior to Closing Date. ❑ (2) Within days after the Effective Date of this contract, Buyer may obtain a new survey at Buyer's expense. Buyer is deemed to receive the survey on the date of actual receipt or the date specified in this paragraph, whichever is earlier. If Buyer fails to obtain the survey, Buyer may not terminate the contract under Paragraph 2B of the Third Party Financing Addendum because the survey was not obtained. (3) Within days after the Effective Date of this contract, Seller, at Seller's expense shall furnish a new survey to Buyer. D. OBJECTIONS: Buyer may object in writing to (i) defects, exceptions, or encumbrances to title: disclosed on the survey other than items 6A(1) through (7) above; or disclosed in the Commitment other than items 6A(1) through (9) above; (ii) any portion of the Property lying in a special flood hazard area (Zone V or A) as shown on the current Federal Emergency Management Agency map; or (iii) any exceptions which prohibit the following use or activity: Buyer must object the earlier of(i)the Closing Date or(ii) 3 days after Buyer receives the Commitment, Exception Documents, and the survey. Buyer's failure to object within the time Initialed for identification by Buyer a and Seller TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynle DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com utnennsign u:1321euc4-4uia-1-111-r+t au-uuwtatcrULU Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 3 of 11 05-04-2026 (Address of Property) allowed will constitute a waiver of Buyer's right to object; except that the requirements in Schedule C of the Commitment are not waived. Provided Seller is not obligated to incur any expense, Seller shall cure any timely objections of Buyer or any third party lender within 15 days after Seller receives the objections (Cure Period) and the Closing Date will be extended as necessary. If objections are not cured within the Cure Period, Buyer may, by delivering notice to Seller within 5 days after the end of the Cure Period: (i) terminate this contract and the earnest money will be refunded to Buyer; or (ii) waive the objections. If Buyer does not terminate within the time required, Buyer shall be deemed to have waived the objections. If the Commitment or survey is revised or any new Exception Document(s) is delivered, Buyer may object to any new matter revealed in the revised Commitment or survey or new Exception Document(s) within the same time stated in this paragraph to make objections beginning when the revised Commitment, survey,or Exception Document(s)is delivered to Buyer. E. TITLE NOTICES: (1) ABSTRACT OR TITLE POLICY: Broker advises Buyer to have an abstract of title covering the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a Title Policy. If a Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of Buyer's choice due to the time limitations on Buyer's right to object. (2) MEMBERSHIP IN PROPERTY OWNERS ASSOCIATION(S): The Property ❑is ❑X is not subject to mandatory membership in a property owners association(s). If the Property is subject to mandatory membership in a property owners association(s), Seller notifies Buyer under §5.012, Texas Property Code, that, as a purchaser of property in the residential community identified in Paragraph 2 in which the Property is located, you are obligated to be a member of the property owners association(s). Restrictive covenants governing the use and occupancy of the Property and all dedicatory instruments governing the establishment, maintenance, and operation of this residential community have been or will be recorded in the Real Property Records of the county in which the Property is located. Copies of the restrictive covenants and dedicatory instruments may be obtained from the county clerk. You are obligated to pay assessments to the property owners association(s). The amount of the assessments is subject to change. Your failure to pay the assessments could result in enforcement of the association's lien on and the foreclosure of the Property. Section 207.003, Property Code, entitles an owner to receive copies of any document that governs the establishment, maintenance, or operation of a subdivision, including, but not limited to, restrictions, bylaws, rules and regulations, and a resale certificate from a property owners' association. A resale certificate contains information including, but not limited to, statements specifying the amount and frequency of regular assessments and the style and cause number of lawsuits to which the property owners' association is a party, other than lawsuits relating to unpaid ad valorem taxes of an individual member of the association. These documents must be made available to you by the property owners' association or the association's agent on your request. If Buyer is concerned about these matters, the TREC promulgated Addendum for Property Subject to Mandatory Membership in a Property Owners Association should be used. (3) STATUTORY TAX DISTRICTS: If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this contract. (4) TIDE WATERS: If the Property abuts the tidally influenced waters of the state, §33.135, Texas Natural Resources Code, requires a notice regarding coastal area property to be included in the contract. (5) ANNEXATION: If the Property is located outside the limits of a municipality, Seller notifies Buyer under §5.011, Texas Property Code, that the Property may now or later be included in the extraterritorial jurisdiction of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and extraterritorial jurisdiction. To determine if the Property is located within a municipality's extraterritorial jurisdiction or is likely to be located within a municipality's extraterritorial jurisdiction, contact all municipalities located in the general proximity of the Property for further information. (6) PROPERTY LOCATED IN A CERTIFICATED SERVICE AREA OF A UTILITY SERVICE PROVIDER: Notice required by §13.257, Water Code: The real property, described in Paragraph 2, that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned Buyer hereby acknowledges receipt of the foregoing notice at or before the execution of a binding contract for the purchase of the real property described in Paragraph 2 or at closing of purchase of the real property. Initialed for identification by Buyer ( and Seller TREC NO.9-18 TXR 1607 4lmentisign IL):b21 euL. 4-4u/J-I 111-AL L-VVuuJA1 Leh Ut:u Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 4 of 11 05-04-2026 (Address of Property) (7) PUBLIC IMPROVEMENT DISTRICTS: If the Property is in a public improvement district, Seller must give Buyer written notice as required by§5.014, Property Code. _ (8) TEXAS AGRICULTURAL DEVELOPMENT DISTRICT: The Property is X is not located in a Texas Agricultural Development District. For additional information, contact the Texas Department of Agriculture. (9) TRANSFER FEES: If the Property is subject to a private transfer fee obligation, §5.205, Property Code requires Seller to notify Buyer as follows: The private transfer fee obligation may be governed by Chapter 5,Subchapter G of the Texas Property Code. (10)PROPANE GAS SYSTEM SERVICE AREA: If the Property is located in a propane gas system service area owned by a distribution system retailer, Seller must give Buyer written notice as required by§141.010,Texas Utilities Code. (11)NOTICE OF WATER LEVEL FLUCTUATIONS: If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundments normal operating level, Seller hereby notifies Buyer: "The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2) drought or flood conditions." 7. PROPERTY CONDITION: A. ACCESS, INSPECTIONS AND UTILITIES: Seller shall permit Buyer and Buyer's agents access to the Property at reasonable times. Buyer may have the Property inspected by inspectors selected by Buyer and licensed by TREC or otherwise permitted by law to make inspections. Seller at Seller's expense shall immediately cause existing utilities to be turned on and shall keep the utilities on during the time this contract is in effect. NOTICE: Buyer should determine the availability of utilities to the Property suitable to satisfy Buyer's needs. B. ACCEPTANCE OF PROPERTY CONDITION: "As Is" means the present condition of the Property with any and all defects and without warranty except for the warranties of title and the warranties in this contract. Buyer's agreement to accept the Property As Is under Paragraph 7B (1) or (2) does not preclude Buyer from inspecting the Property under Paragraph 7A, from negotiating repairs or treatments in a subsequent amendment, or from terminating this contract during the Option Period, if any. _ (Check one box only) X( (1) Buyer accepts the Property As Is. _ (2) Buyer accepts the Property As Is provided Seller, at Seller's expense, shall complete the following specific repairs and treatments: (Do not insert general phrases, such as "subject to inspections" that do not identify specific repairs and treatments.) C. COMPLETION OF REPAIRS AND TREATMENTS: Unless otherwise agreed in writing, Seller shall complete all agreed repairs and treatments prior to the Closing Date and obtain any required permits. The repairs and treatments must be performed by persons who are licensed to provide such repairs or treatments or, if no license is required by law, are commercially engaged in the trade of providing such repairs or treatments. Seller shall: (i) provide Buyer with copies of documentation from the repair person(s) showing the scope of work and payment for the work completed; and (ii) at Seller's expense, arrange for the transfer of any transferable warranties with respect to the repairs and treatments to Buyer at closing. If Seller fails to complete any agreed repairs and treatments prior to the Closing Date, Buyer may exercise remedies under Paragraph 15 or extend the Closing Date up to 5 days, if necessary, for Seller to complete repairs and treatments. D. ENVIRONMENTAL MATTERS: Buyer is advised that the presence of wetlands, toxic substances, including asbestos and wastes or other environmental hazards, or the presence of a threatened or endangered species or its habitat may affect Buyer's intended use of the Property. If Buyer is concerned about these matters, an addendum promulgated by TREC or required by the parties should be used. E. SELLER'S DISCLOSURE: (1) Seller ❑is ❑X is not aware of any flooding of the Property which has had a material adverse effect on the use of the Property. (2) Seller ❑is ❑X is not aware of any pending or threatened litigation, condemnation, or special assessment affecting the Property. (3) Seller ❑is ❑is not aware of any environmental hazards that materially and adversely affect the Property. (4) Seller ❑is ❑X is not aware of any dumpsite, landfill, or underground tanks or containers now or previously located on the Property. (5) Seller Lj is L is not aware of any wetlands, as defined by federal or state law or regulation,affecting the Property. (6) Seller ❑is Q is not aware of any threatened or endangered species or their habitat affectin the Property. (7) Seller is,X is not aware that the Property is located IIwholly Elpartly in a floodplain. (8) Seller is X is not aware that a tree or trees located on the Property has oak wilt. If Seller is aware of any of the items above, explain (attach additional sheets if necessary): F. SELLER'S DISCLOSURE ABOUT GROUNDWATER AND SURFACE WATER RIGHTS (Seller's Water Disclosure): Access to surface water or groundwater on the Property may be regulated, restricted, or prohibited, including but not limited to the right to drill or operate water wells and Initialed for identification by Buyer and Seller TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th kutnenttsign I:tin Cul,S4-4u/8-1-111-ALbL-uuuu3A1 LA-U U Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 5 of 11 05-04-2026 (Address of Property) the right to withdraw water from surface water sources on or adjoining the Property. The parties shall use the Seller's Water Disclosure published by TREC to identify information related to groundwater and surface water rights. (Check one box only) _ (1) Buyer has received the Seller's Water Disclosure. X (2) Buyer has not received the Seller's Water Disclosure. Within 5 days after the Effective Date of this contract, Seller shall deliver the Seller's Water Disclosure to Buyer. If Buyer does not receive the Seller's Water Disclosure, Buyer may terminate this contract at any time prior to the closing and the earnest money will be refunded to Buyer. If Seller delivers the Seller's Water Disclosure, Buyer may terminate this contract for any reason within 7 days after Buyer receives the Seller's Water Disclosure or prior to the closing, whichever first occurs, and the earnest money will be refunded to Buyer. (3) Seller is not required to deliver the Seller's Water Disclosure to Buyer because all of the following are true: (a) Seller is not aware of a water well on the Property(in use or not in use); (b) Seller is not aware of a pond, lake, or water tank on the Property; (c) Seller is not aware of any certificate of adjudication, certified filing, or permit for surface water rights associated with the Property administered by the Texas Commission on Environmental Quality; (d) Seller is not aware that any groundwater rights to the Property have been severed, sold,or leased in whole or in part; and (e) the Property receives water only from the following municipality (City), municipal utility district (MUD) or other special district, water supply corporation (WSC), or private water supply company (PWC): 8. BROKER OR SALES AGENT DISCLOSURE: Texas law requires a real estate broker or sales agent who is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the broker or sales agent owns more than 10%, or a trust for which the broker or sales agent acts as a trustee or of which the broker or sales agent or the broker or sales agent's spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: n/a 9. CLOSING: A. The closing of the sale will be on or before July 10 , 2026 , or within 7 days after objections made under Paragraph 6D have been cured or waived, whichever date is later (Closing Date). If either party fails to close the sale by the Closing Date, the non-defaulting party may exercise the remedies contained in Paragraph 15. B. At closing: (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property. (2) Buyer shall pay the Sales Price in good funds acceptable to the Escrow Agent. (3) Seller and Buyer shall execute and deliver any notices, statements, certificates, affidavits, releases, loan documents, transfer of any warranties, and other documents reasonably required for the closing of the sale and the issuance of the Title Policy. (4) There will be no liens, assessments, or security interests against the Property which will not be satisfied out of the sales proceeds unless securing the payment of any loans assumed by Buyer and assumed loans will not be in default. (5) Private transfer fees (as defined by Chapter 5, Subchapter G of the Texas Property Code) will be the obligation of Seller unless provided otherwise in this contract. Transfer fees assessed by a property owners' association are governed by the Addendum for Property Subject to Mandatory Membership in a Property Owners Association. 10. POSSESSION: Seller shall deliver to Buyer possession of the Property in its present or required condition upon closing and funding. 11. SPECIAL PROVISIONS: (This paragraph is intended to be used only for additional informational items. An informational item is a statement that completes a blank in a contract form, discloses factual information, or provides instructions. Real estate brokers and sales agents are prohibited from practicing law and shall not add to, delete, or modify any provision of this contract unless drafted by a party to this contract or a parry's attorney.) n/a 12. SETTLEMENT AND OTHER EXPENSES: A. EXPENSES:The following expenses must be paid at or prior to closing: (1) Seller shall pay the following expenses(Seller's Expenses): (a) releases of existing liens, including prepayment penalties and recording fees; release of Seller's loan liability; tax statements or certificates; preparation of deed; one-half of escrow fee; and other expenses payable by Seller under this contract;and (b) an amount not to exceed $ n/a to be applied to Buyer's Expenses other than brokerage compensation or contributions under Paragraph 12B below. (2) Buyer shall pay the following expenses (Buyer's Expenses): Appraisal fees; loan application fees; origination charges; credit reports; preparation of loan documents; interest on the notes from date of disbursement to one month prior to dates of first monthly payments; recording fees; copies of easements and restrictions; loan title policy with endorsements required by lender; loan-related inspection fees; photos; amortization schedules; one-half of escrow fee; all prepaid items, including required premiums for flood and hazard Initialed for identification by Buyer and Seller TREC NO.9-18 — TXR 1607 utnentisign Iu:b 1Cucb4-4u/3-rl11-AG9I-UUUUJA1urut;u Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 6 of 11 05-24-2026 (Address of Property) insurance, reserve deposits for insurance, ad valorem taxes and special governmental assessments; final compliance inspection; courier fee; repair inspection; underwriting fee; wire transfer fee; expenses incident to any loan; Private Mortgage Insurance Premium (PMI), VA Loan Funding Fee, or FHA Mortgage Insurance Premium (MIP) as required by the lender; and other expenses payable by Buyer under this contract. B. BROKERAGE COMPENSATION: Brokerage compensation is not set by law and is fully negotiable. Each party shall pay their respective brokers pursuant to the terms of the parties' obligations to compensate their brokers contained in separate written agreements. The contributions under 12B(1) and 12B(2) below shall be applied to and shall not change the parties' obligations to pay compensation pursuant to those agreements. The following contributions must be paid at closing: ❑ (1) Seller will pay (check one box only):❑$ or ❑ % of the Sales Price to be applied toward the brokerage compensation owed by Buyer to Bu er's broker. ❑ (2) Buyer will pay (check one box only):❑$ or % of the Sales Price to be applied toward the brokerage compensation owed by Seller to Seller's broker. C. EXPENSE LIMITATION: If a governmental loan program regulation prohibits Buyer from paying charges or fees, then the amount of any concession in 12A(1)(b) shall be first applied to pay such prohibited expenses and then to other Buyer's Expenses but not brokerage compensation or contribution. 13. PRORATIONS AND ROLLBACK TAXES: A. PRORATIONS: Taxes for the current year, interest, rents, and regular periodic maintenance fees, assessments, and dues (including prepaid items) will be prorated through the Closing Date. The tax proration may be calculated taking into consideration any change in exemptions that will affect the current year's taxes. If taxes for the current year vary from the amount prorated at closing, the parties shall adjust the prorations when tax statements for the current year are available. If taxes are not paid at or prior to closing, Buyer shall pay taxes for the current year. B. ROLLBACK TAXES: If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. 14. CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other casualty after the Effective Date of this contract, Seller shall restore the Property to its previous condition as soon as reasonably possible, but in any event by the Closing Date. If Seller fails to do so due to factors beyond Seller's control, Buyer may (a) terminate this contract and the earnest money will be refunded to Buyer (b) extend the time for performance up to 15 days and the Closing Date will be extended as necessary or (c) accept the Property in its damaged condition with an assignment of insurance proceeds, if permitted by Seller's insurance carrier, and receive credit from Seller at closing in the amount of the deductible under the insurance policy. Seller's obligations under this paragraph are independent of any other obligations of Seller under this contract. 15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract. If Seller fails to comply with this contract, Seller will be in default and Buyer may (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money, thereby releasing both parties from this contract. 16. MEDIATION: It is the policy of the State of Texas to encourage resolution of disputes through alternative dispute resolution procedures such as mediation. Any dispute between Seller and Buyer related to this contract which is not resolved through informal discussion will be submitted to a mutually acceptable mediation service or provider. The parties to the mediation shall bear the mediation costs equally. This paragraph does not preclude a party from seeking equitable relief from a court of competent jurisdiction. 17. ATTORNEY'S FEES: A Buyer, Seller, Seller's broker, Buyer's broker, or Escrow Agent who prevails in any legal proceeding related to this contract is entitled to recover reasonable attorney's fees and all costs of such proceeding. 18. ESCROW: A. ESCROW: The Escrow Agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the earnest money and (iii) liable for the loss of any earnest money caused by the failure of any financial institution in which the earnest money has been deposited unless the financial institution is acting as Escrow Agent. Escrow Agent may require any disbursement made in connection with this contract to be conditioned on Escrow Agent's collection of good funds acceptable to Escrow Agent. B. EXPENSES: At closing, the earnest money must be applied first to any cash down payment, then to Buyer's Expenses and any excess refunded to Buyer. If no closing occurs, Escrow Agent may: (i) require a written release of liability of the Escrow Agent from all parties before releasing any earnest money; and (ii) require payment of unpaid expenses incurred on behalf of a party. Escrow Agent may deduct authorized expenses from the earnest money payable to a party. "Authorized expenses" means expenses incurred by Escrow Agent on behalf of the party entitled to the earnest money that were authorized by this contract or that party. Initialed for identification by Buyer EW and Seller TREC NO.9-18 TXR 1607 Advantave Real Estate.908 Port Neches Ave Port Neches TX 77651 Phone:14091541-5751 Fax: 916 1 Rth ,utnernsign iv:b21 t1UGb4-4u/a-r 111-AU9l:-uuvuSA1 LA-ul;u Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 7 of 11 05-04-2026 (Address of Property) C. DEMAND: Upon termination of this contract, either party or the Escrow Agent may send a release of earnest money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent for the eamest money. If only one party makes written demand for the earnest money, Escrow Agent shall promptly provide a copy of the demand to the other party. If Escrow Agent does not receive written objection to the demand from the other party within 15 days, Escrow Agent may disburse the eamest money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the eamest money and Escrow Agent may pay the same to the creditors. If Escrow Agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent from all adverse claims related to the disbursal of the eamest money. D. DAMAGES: Any party who wrongfully fails or refuses to sign a release acceptable to the Escrow Agent within 7 days of receipt of the request will be liable to the other party for (i)damages; (ii)the eamest money; (iii)reasonable attomey's fees;and (iv)all costs of suit. E. NOTICES: Escrow Agent's notices will be effective when sent in compliance with Paragraph 21. Notice of objection to the demand will be deemed effective upon receipt by Escrow Agent. 19. REPRESENTATIONS: All covenants, representations and warranties in this contract survive closing. If any representation of Seller in this contract is untrue on the Closing Date, Seller will be in default. Unless expressly prohibited by written agreement, Seller may continue to show the Property and receive, negotiate and accept back up offers. 20. GOVERNMENTAL REQUIREMENTS: A. If Seller is a "foreign person," as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non- foreign status to Buyer that Seller is not a "foreign person," then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction. B. Seller and Buyer shall promptly execute and deliver any statements, documents, and information requested by Escrow Agent required by governmental reporting requirements (for example, reporting to the U.S. Treasury or its bureaus). 21. NOTICES: All notices from one party or their agent to the other must be in writing. Notices are effective when mailed, hand-delivered, sent by overnight courier to, or transmitted by electronic transmission to the other party or their agent. To Buyer(s)at: To Seller(s)at: Address: Address: Phone(s): (832)433-2134 Phone(s): E-mail(s): widowelrovAyahoo.com E-mail(s): To Buyer's agent at: To Seller's agent at: Address: Address:908 Port Neches Ave Ste A Port Neches Tx 77651 Phone: Phone: Email: Email:jonc237t sbcglobal.net Initialed for identification by Buyer _ and Seller TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.cont wtnentisign Iu:tl'L7 bUGb4-41.)/3-I-111-A1;YUUUUu3A1 ut-uuu Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 8 of 11 05-04-2026 (Address of Property) 22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties and cannot be changed except by their written agreement. Addenda and notices which are a part of this contract are(check all applicable boxes): Financial Third Party Financing Addendum Addendum for Sale of Other Property by Buyer Addendum Concerning Right to Terminate Due to Lender's Appraisal Seller Financing Addendum Addendum for Section 1031 Exchange Short Sale Addendum Loan Assumption Addendum Addendum for Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement Leases Addendum Regarding Residential Leases Addendum Regarding Fixture Leases Buyer's Temporary Residential Lease Seller's Temporary Residential Lease Additional Tests and Reports Addendum for Authorizing Hydrostatic Testing Environmental Assessment,Threatened or Endangered Species,and Wetlands Addendum Statutory Disclosures and Notices Addendum for Property in a Propane Gas System Service Area Addendum for Property Located Seaward of the Gulf Intercoastal Waterway _ Addendum for Coastal Area Property X The following utility, water, drainage, public improvement, and other district notices (list all that have been given or are attached): DD7 NOTICE: Seller's failure to provide applicable Statutory Disclosures and Notices may provide Buyer with remedies or rights to terminate this contract. Other Addendum for Property Subject to Mandatory Membership in a Property Owners Association Non-Realty Items Addendum Addendum for"Back-Up"Contract _ Addendum for Reservation of Oil, Gas,and Other Minerals Other: 23. CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate brokers and sales agents from giving legal advice. READ THIS CONTRACT CAREFULLY. Buyer's Seller's Attorney is: N/A Attorney is: Phone: Phone: Fax: Fax: E-mail: E-mail: _ TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com ,umenusign iu.621131X;b4-4Uf-b111-AU9L-uuuuaAicrucu Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 9 of 11 05-04-2026 (Address of Property) EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) E/eoy Widow y Seller Elroy Widow City of Port Arthur Buyer Seller YN._ The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex TRECtransactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000 (http://www.trec.texas.gov)TREC NO.9-18.This form replaces TREC NO.9-17. MAE RRAL TTTATE<01111.10/1 TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.Iwolf,com wtnentisign iu:to i el 4-4U/J-r 1 1 1-AUUU-000UJAI Uruu u Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 10 of 11 05-04-2026 (Address of Property) BROKER CONTACT INFORMATION (Print name(s)only. Do not sign) The brokers to this sale are: Advantage Real Estate (Broker Firm)represents Seller only as Seller's agent. Address:908 Port Neches Ave Ste A.Port Neches,Tx 77651 Broker Firm License No.: 566636 Associate's Name:Jon Carona Team Name: Associate's Email:jonc237@sbcglobal.net Associate's Phone No.: (409)474-1090 Associate's License No.: 376751 Licensed Supervisor of Associate: Phone No. of Licensed Supervisor: License No.: (Broker Firm)represents Buyer only as Buyer's agent. Address: Broker Firm License No.: Associate's Name: Team Name: Associate's Email: Associate's Phone No.: Associate's License No.: Licensed Supervisor of Associate: Phone No.of Licensed Supervisor: License No.: Intermediary (Broker Firm)represents Seller and Buyer as an intermediary. Address: Broker Firm License No.: Associate's Name(for Seller): Team Name: Associate's Email: Associate's Phone No.: Associate's License No.: Licensed Supervisor of Associate: Phone No. of Licensed Supervisor: License No.: Associate's Name(for Buyer): Team Name: Associate's Email: Associate's Phone No.: Associate's License No.: Licensed Supervisor of Associate: Phone No.of Licensed Supervisor: License No.: TREC NO.9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wotf Transactions(zipForrn Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com tutnentisign IL):tin t1UGD4-4u/J-F-111-Auat;-uoouuAI Ghuuu Contract Concerning 916 18th St,Port Arthur,Tx 77640 Page 11 of 11 05-04-2026 (Address of Property) OPTION FEE RECEIPT Receipt of$ option fee in the form of is acknowledged. Escrow Agent Texas Regional Title Date EARNEST MONEY RECEIPT Receipt of$ earnest money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL EARNEST MONEY RECEIPT Receipt of $ additional earnest money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax TREC NO. 9-18 TXR 1607 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Layale DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com tutnentisign IU:ti21 t3UUb4-4U/3-1-111-AU9U-UWUSA1U1-uUu t.� TEXAS REALTORS REPRESENTATION DISCLOSURE USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS®,INC.IS NOT AUTHORIZED. ®Texas Association of REALTORS®,Inc.2024 CONCERNING THE PROPERTY AT: 916 18th St, Port Arthur, Tx 77640 Broker/Broker Firm Name: Advantage Real Estate License No.: 566636 Broker's Associate's Name: License No.: A. Texas law (Section 1101.558, Occupations Code) requires a real estate license holder who represents a party in a proposed real estate transaction to disclose, orally or in writing, that representation at the license holder's first contact with: (1) another party to the transaction; or (2) another license holder who represents another party to the transaction. B. Broker represents the following party: X Seller: City of Port Arthur Landlord: Buyer: Elroy Widow Tenant: C. A real estate license holder, while acting as an agent, is a fiduciary. The primary duty of the license holder is to represent the interests of their client. The license holder must treat other parties to a transaction honestly and fairly, however, the duty to their client is primary. Broker compensation or the sharing of compensation between brokers is not set by law nor fixed, controlled, recommended, or suggested by the Association of REALTORS®, MLS, or any listing service. Broker compensation is fully negotiable. Brokers independently determine their fees. The undersigned persons acknowledge there is no agency relationship with Broker as of the date of this disclosure: Elroy Widow City of Port Arthur Printed Name Printed Name Anthenti Elroy Widow 06/29/26 Signature Date Signature Date (TXR-1417)08-23-24 Page 1 of 1 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com kutnentisign IU:1i21t3UU54-4UR3-1-111-At;9U-UUVu;jA1 Ul-000 Ta TEXAS REALTORS REPRESENTATION DISCLOSURE USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS®,INC.IS NOT AUTHORIZED. ©Texas Association of REALTORS®,Inc.2024 CONCERNING THE PROPERTY AT: 916 18th St, Port Arthur, Tx 77640 Broker/Broker Firm Name: Advantage Real Estate License No.: 566636 Broker's Associate's Name: License No.: A. Texas law (Section 1101.558, Occupations Code) requires a real estate license holder who represents a party in a proposed real estate transaction to disclose, orally or in writing, that representation at the license holder's first contact with: (1) another party to the transaction; or (2) another license holder who represents another party to the transaction. B. Broker represents the following party: X Seller: City of Port Arthur Landlord: Buyer: Elroy Widow Tenant: C. A real estate license holder, while acting as an agent, is a fiduciary. The primary duty of the license holder is to represent the interests of their client. The license holder must treat other parties to a transaction honestly and fairly, however, the duty to their client is primary. Broker compensation or the sharing of compensation between brokers is not set by law nor fixed, controlled, recommended, or suggested by the Association of REALTORS®, MLS, or any listing service. Broker compensation is fully negotiable. Brokers independently determine their fees. The undersigned persons acknowledge there is no agency relationship with Broker as of the date of this disclosure: Elroy Widow City of Port Arthur Printed Name Printed Name �—Authent Elroy Widow 06/29/26 Signature Date Signature Date (TXR-1417)08-23-24 Page 1 of 1 Advantage Real Estate,908 Port Neches Ave Port Neches TX 77651 Phone:(409)543-5751 Fax: 916 18th Laynie DeSerrano Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com kutlYo 1 kV0 g t5'.-hnMtzt)- 6t$-81 FC-AB4OFDEB9BOA Exhibit"A" NOTICE TO PURCHASER The real property, described below, which you are about to purchase is located in the Jefferson County Drainage District No. 7. The District has taxing authority separate from any other taxing authority, and may, subject to voter approval, issue an unlimited amount of bonds and levy an unlimited rate of tax in payment of such bonds. As of this date, the most recent rate of taxes levied by the District on real property located in the District is $0.292525 on each $100.00 of assessed evaluation. The total amount of bonds which has been approved by the voters and which have been or may, at this date, be issued is $0.00, and the aggregate initial principal amounts of all bonds issued for one or more of the specified facilities of the District and payable in whole or in part from property taxes is $0.00. The District has $10,755,000 in aggregate principal amount of maintenance notes which are payable from any lawfully available funds of the District, including the proceeds of maintenance taxes. The District is located, in part, in the cities of Port Arthur, Nederland, Groves, and Port Neches, Texas, and their extraterritorial jurisdictions. The purpose of this District is to provide drainage and flood control facilities and services within the District through the issuance of bonds payable in whole or in part from property taxes. The cost of these utility facilities is not included in the purchase price of your property, and these utility facilities are owned or to be owned by the District. The legal description of the property which you are acquiring is as follows: LT 4 BLK 432 CITY OF PORT ARTHUR PURCHASERS ARE ADVISED THAT THE INFORMATION ON THIS FORM IS SUBJECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ROUTINELY ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH DECEMBER OF EACH YEAR, EFFECTIVE FOR THE YEAR IN WHICH THE TAX RATES ARE APPROVED BY THE DISTRICT. PURCHASERS ARE ADVISED TO CONTACT THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED in CHANGES TO THE INFORMATION SHOWN ON THIS FORM. Date: Qv(0 ��` " ellers" The undersigned purchasers hereby acknowledge receipt of the foregoing'hotice at or prior to execution of a binding contract for the purchase of the real property described in such notice or at closing of purchase of the real property. Date: 06/29/26 E/f0y Widow "Purchasers" 3 EXHIBIT "B" (Deed) NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM THE INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. SPECIAL WARRANTY DEED Date: ,2026 Grantor: City of Port Arthur, a municipal corporation MailingAddress (includingcounty): ley . 444 4th Street Port Arthur, Texas 77641-1089 (Jefferson County) Grantee: Elroy Widow, a single person '.-. Grantee's Mailing Address(including county): Consideration: TEN AND NO/100 DOLLARS ($10.00) and other valuable consideration. Property(including any improvements): LOT FOUR(4)BLOCK FOUR HUNDRED THIRTY-TWO(432)CITY OF PORT ARTHUR ADDITION LOCATED IN THE CITY OF PORT ARTHUR AS PER MAP OR PLAT IN JEFFERSON COUNTY, TEXAS The property is commonly known as 91618`h Street, Port Arthur, Jefferson County, Texas 77640. Reservations from and Exceptions to Conveyance and Warranty: Grantor, for the Consideration and subject to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty, grants, sells, and conveys to Grantee the Property, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Grantee and Grantee's heirs, successors, and assigns forever. Grantor binds Grantor and Grantor's heirs and successors to warrant and forever defend all and singular the Property to Grantee and Grantee's heirs,successors,and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof when the claim is by,through, or under Grantor but not otherwise, except as to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty. Easements, rights-of-way, and prescriptive rights, whether of record or not; all presently recorded restrictions, reservations, covenants, conditions, oil and gas leases, mineral severances, and other instruments, other than liens and conveyances, that affect the property; rights of adjoining owners in any walls and fences situated on a common boundary; any discrepancies, conflicts, or shortages in area or boundary lines; any encroachments or overlapping of improvements; property taxes for prior years, the payment for which Grantee assumes; and subsequent assessments for that and prior years due to change in land usage, ownership, or both, the payment of which Grantee assumes; and navigational servitude asserted by any governmental authority. As a material part of the Consideration for this deed, Grantor and Grantee agree that Grantee is taking the Property "AS IS"with any and all latent and patent defects and that there is no warranty by Grantor that the Property has a particular financial value or is fit for a particular purpose. Grantee acknowledges and stipulates that Grantee is not relying on any representation, statement, or other assertion with respect to the Property condition but is relying on Grantee's examination of the Property. Grantee takes the Property with the express understanding and stipulation that there are no express or implied warranties except for limited warranties of title set forth in this deed. Grantor, for the consideration and subject to the reservations from and exceptions to conveyance and warranty, grants, sells, and conveys to Grantee the property,together with all and singular the rights and appurtenances thereto in any wise belonging,to have and hold it to Grantee, Grantee's heirs, executors, administrators, successors, or assigns forever. Grantor binds Grantor and Grantor's heirs, executors, administrators, and successors to warrant and forever defend all and singular the property to Grantee and Grantee's heirs,executors,administrators,successors,and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty, when the claim is by,through, or under Grantor but not otherwise. GRANTOR: CITY OF PORT ARTHUR By: Ronald Burton, CPM City Manager ACCEPTED AND APPROVED: GRANTEE: By: Elroy Widow 2 ACKNOWLEDGMENTS STATE OF TEXAS § COUNTY OF JEFFERSON § This instrument was acknowledged before me on day of 2026 by Ronald Burton, CPM, City Manager of the City of Port Arthur, Texas. Notary Public, State of Texas STATE OF TEXAS § COUNTY OF JEFFERSON § This instrument was acknowledged before me on day of 2026 by Elroy Widow. 3 I