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<br />e <br /> <br />e <br /> <br />~@[jVW <br /> <br />WHEREAS, City Council finds that the planned use of the <br />Improvements, when constructed and operated in accordance with <br />applicable environmental standards, will not constitute a hazard <br />to public health, safety, or morals; and <br /> <br />NOW, THEREFORE, the parties hereto, for and in consideration <br />of the premises and mutual promises stated herein, agree as <br />follows: <br /> <br />1. Definitions <br /> <br />The following capitalized terms shall have the meanings <br />assigned to them below, unless otherwise defined or the context <br />clearly requires otherwise. <br /> <br />"Abated property" means the improvements to the Real Property <br />and fixed machinery, equipment and process units of the Owner <br />installed on the Real Property as more fully described in Section <br />3(b) below. <br /> <br />"Abatement Period" means that period which commences on the <br />first day of the Effective Date of Abatement and ends ~..~ years <br />thereafter. ~,~~r ~ <br /> <br />"City" means the City of La Porte, Texas. <br /> <br />"Code of Ordinances" means the Code of Ordinances of the City <br />of La Porte, Texas, as amended. <br /> <br />"Department" means the City's Department of Finance or its <br />successor. <br /> <br />"Director" means the Director of Finance or the designee <br />thereof. <br /> <br />"Effective Date of Abatement" means January 1, 1999. <br />"HCAD" means the Harris County Appraisal District. <br /> <br />"Improvement" means the buildings or portions thereof and <br />other improvements, including fixed machinery, equipment and <br />process units, used for commercial or industrial purposes that are <br />erected or installed by the Owner on the Real Property after <br />October 1, 1998. <br /> <br />"Ordinance" means City of La Porte Ordinance No. 98-2279, <br />passed and approved September 28, 1998, which created the Zone. <br /> <br />"Owner" means PPG Industries, Inc., a Pennsylvania corporation <br />with a permit to do business in the state of Texas. <br /> <br />"Permanent Employee" means a person who works for, and is an <br />employee of the Owner and works a minimum of thirty-five (35) hours <br />in a seven day period, and reports to work in the Zone, excluding <br />any contract employee, seasonal employee, or part-time employee. <br /> <br />2 <br />