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<br />. <br /> <br />. <br /> <br />IT. DEFINITIONS <br /> <br /> <br />As used in this Agreement, the following terms shall have the meanings set out below: <br /> <br /> <br />"Administrative Costs" means the costs of organizing the La Porte Zone, the costs of operating <br /> <br /> <br />the La Porte Zone and the imputed administrative costs associated with the La Porte Zone, including <br /> <br />reasonable charges, but not to exceed $25,000 each per year for the City and LPISD, for the time spent <br /> <br />by employees of the City and LPISD in connection with the implementation of the project plan, <br /> <br />"Agreement" means this agreement between the City, LPISD and the La Porte Zone, <br /> <br />"Agreement Tenn" is defined in Section VI. <br /> <br />"Captured Appraised Value" means the captured appraised value of the La Porte Zone as <br /> <br />defined by Chapter 311, Texas Tax Code. <br /> <br />"City" is defined in Section I of this Agreement and includes its successors and assigns. <br /> <br />"Educational Facilities" means the equipment, real property and other facilities including a <br /> <br />public school building, that are used or intended to be used jointly by the City and LPISD and that are <br /> <br />acquired. constructed or reconstructed pursuant to the Project Plan. <br /> <br />"La Porte Area" means the La Porte area of the City and neighboring areas. as more <br /> <br />particularly described in City of LA PORTE Ordinance No. 99-2325. <br /> <br />"La Porte Zone" means Reinvestment Zone Number One, City of La Porte, Texas (La Porte). <br /> <br />created by the City on May 24. 1999, expanded on August 9, 1999, and includes its successors and <br /> <br />assigns. <br /> <br />AMJ\17671B.l\INTERLOCAL AGRMnLPISD\3668.4 <br />