The subject is in the former community known as Old Gulf, Matagorda County, TX, 4-miles east of Matagorda, TX and 15 miles south of Bay City, TX. This was the original home of what became Texas Gulf Sulphur. Sulphur was mined on the north side of the dome and the resulting subsidence has formed Mine Lake, which is centrally located on the site. The site is 4,930-acres of which some 650-acres are over the Gulf Salt Dome, and ±1,000 acres are offered, in whole or in part for industrial users. The Intracoastal Waterway passes through Gulf along the southern boundary of the property. The subject has approximately 12,000’ of frontage along both sides of the Intracoastal Canal and the Gulf of Mexico. At the subject, the canal is 300’ wide and 12’ deep. It should be noted that in 1981 the Corps of Engineers granted a permit for a barge dock at the subject’s site. Much of the subject’s site is protected from flooding because of its elevation, which is higher than average due to the uplifting effect of the salt dome. The bulk of the site is 15-feet above sea level with the crest of the dome reaching an elevation of 30-feet.