PRIME, UNDEVELOPED LAND, CORNER OF BRITTMOORE RD. AND CLAY RD.
20 +/- AC, UNRESTRICTED RESERVE "A"
782.77' +/- OF ROAD FRONTAGE ON BRITTMOORE RD.
1,320.93'+/- OF ROAD FRONTAGE ON CLAY ROAD
ALL UTILITIES AVAILABLE ON THE PHYSICAL PROPERTY

INITIAL SEALED BIDS ARE BEING ACCEPTED UNTIL 12:00 PM, TUESDAY, MAY 27, 2008 IN ORDER TO DETERMINE “QUALIFIED BIDDERS”. BIDDERS MAY BID ON ANY AMOUNT OF SQUARE FEET AND LOCATION THEY DESIRE ACCORDING TO THE TERMS OF THE “BINDING INITIAL BID AGREEMENT”. ONLY THE PARTIES SUBMITTING SEALED BIDS IN THE FIVE (5) HIGHEST DOLLAR AMOUNTS PER SQUARE FOOT AND OR/THOSE PARTIES SUBMITTING SEALED BIDS IN AN AMOUNT EQUIVALENT TO SEVENTY-FIVE (75%) OR MORE OF THE AMOUNT OF THE HIGHEST SEALED BID SHALL BE DEEMED AS “QUALIFIED BIDDERS” TO PARTICIPATE IN FUTURE ROUNDS OF BIDDING WHICH WILL BE CONDUCTED ON WEDNESDAY, MAY 28, 2008 AT 11:00 AM.

THIS IS AN UNPRECEDENTED OPPORTUNITY ALLOWING THE MARKET TO DECIDE THE VALUE OF THE PROPERTY BASED ON LOCATION AND USE. THE HARRIS COUNTY UTILITY DISTRICT HAS CLAIMED 4.725 AC IN THE NORTHWEST CORNER OF THE PROPERTY FOR RETENTION NEEDED FOR THE BRITTMORE ROAD EXPANSION WHICH IS CLOSE TO COMPLETION. ELECTRIC, WATER AND SEWER UTILITIES EXIST ON THE PROPERTY WITHOUT NEED TO BORE OR DRILL UNDER BRITTMORE OR CLAY ROADS.

THE PROPERTY OFFERS GREAT ACCESS TO BELTWAY EIGHT, BRITTMORE AND CLAY ROADS.

Sellers intention is to sell the entire Property and has the sole discretion to accept or reject any and all bids in the event that any and all bids submitted do not constitute the aggregate total square footage of the Property.