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<br />.e <br /> <br />- <br /> <br />.. <br /> <br />... <br /> <br />AGREEMENT BY AND BETWEEN THE <br />CITY OF LA PORTE, TEXAS, <br />REINVESTMENT ZONE NUMBER ONE, CITY OF LA PORTE, TEXAS, <br />AND THE tA PORTE REDEVELOPMENT AUTHORITY <br /> <br />\ <br /> <br />THE STATE OF TEXAS <br /> <br />A <br />A KNOW ALL BY THESE PRESENTS: <br /> <br />COUNTY OF HARRIS A <br /> <br />. TffiS AGREEMENT (this "Agreement"), effective as of .2001, is made by <br />and between the CITY OF LA PORTE, TEXAS, a municipal corporation and a home-rule city.in <br />the State of Texas (the "City"); REINVESTMENT ZONE NUMBER ONE, CITY OF <br />LA PORTE, TEXAS, a reinvestment zone created by the City pursuant to Chapter 311, Texas Tax <br />Code (the "Zone"); and the LA PORTE REDEVELOPMENT AUTHORITY, a nonprofit local <br />government corporation organized and existing under the laws of the State of Texas (the <br />"Authority"). . <br /> <br />RECITALS <br /> <br />WHEREAS, by Ordinance No. 2000-2457 of the City Council of the City, adopted on <br />December 11. 2000. the City authoriz~d the creation of the Authority to aid, assist and act on behalf <br />of the City in the performance of the City's governmental and proprietary functions with respect to <br />the common good and general welfare of La Porte; and . <br /> <br />WHEREAS, by Ordinance No. 99-2325 . the City created the Zone pursuant to Chapter 311, <br />TEXAS TAX CODE (the "TIRZAct") and by Ordinance No. 99-2350, the City expanded the Zone; and <br /> <br />WHEREAS, the Board of Directors of the Zone ("Zone Boarr;/') and the City Council of the <br />City each approved and adopted a Project Plan and a Reinvestment Zone Financing Plan for the <br />Zone; and . <br /> <br />WHEREAS, the City and the Zone Board have determined that it will be advisable to have <br />the Authority assist the Zone Board and act as consultant to the Zone Board in the implementation of <br />the Project Plan and the Reinvestment Zone Financing Plan and provide the other services set forth <br />in this Agreement, including the construction of improvements and the issuance of its bonds to <br />facilitate the Plan; and <br /> <br />. WHEREAS, the City and the Zone desire to contract with the Authority to provide the <br />assistance described in this Agreement during the term of the Zone, and to fmance the efforts of the . <br />Authority using tax increments as provided herein; <br /> <br />tri-party agreement TIRZ <br />