O-1998-2284 - Laserfiche WebLink

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e e ~@U~iJ\l'/ "Personal Property" means Owner's furniture, fiV~l::l...C1OO, TVL computer equipment, radio equipment, mobile machinery, miscellaneous machinery and equipment, supplies, inventory, work in process, finished goods and raw materials, as described on Exhibit "D", HCAD Account No. 0173299. "Project" means the facility to be used by the Owner on the Real Property as more fully described in section 5(c) below. "Real Property" means the real property of the Owner to be improved, as more fully described in Section J(a) below. "Tax Code" means the Texas Property Tax Code, as amended. "Zone" means PPG Industries Reinvestment Zone, which is more particularly described on Exhibits "D" and "E" of the Ordinance. 2. Authorization This Agreement is authorized by Article V, Sections 66-140 through 66-152, of the La Porte Code of Ordinances and by the Ordinance. 3 . PrODertv (a) The street address of the taxable real property to be improved under this Agreement is 1901 Avenue "H" at South 16th street, La Porte, Texas. The Real Property is described more fully on Exhibit "A" and Exhibit "B" attached hereto and made a part hereof for all purposes. (b) The street address of the Abated Property to be installed under this Agreement is 1901 Avenue "H" at South 16th Street, La Porte, Texas. The Abated Property is described more fully on Exhibit "C" attached hereto and made a part hereof for all purposes. (c) The HCAD tax account numbers of the Real Property and the Personal Property are as shown on Exhibit "0" attached hereto and made a part hereof for all purposes. 4. ReDresentations and Warranties bv the OWner (a) The Owner represents that it owns the Real Property and the Real Property is located within the boundaries of the Zone. The Owner represents that it is authorized to execute this Agreement and to complete the Improvements described in section 5 hereof and on Exhibit "c" attached hereto. The Owner represents that as of January 1, 1998, the Real Property had an existing incinerator and two storage sheds (all of which will be demolished prior to the new construction). The owner represents and warrants that construction of the Improvements described on Exhibit "C" will begin qn or after October 1, 1998, and that construction of the Improvements will not have commenced on or before the effective date of this Agreement. The Owner represents and warrants that construction of the Improvements and the new machinery and 3