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<br />e <br /> <br />. <br /> <br />ORDINANCE NO. 1603 <br /> <br />Page 3 <br /> <br />described, legally described as that portion of the alley adjacent <br />to Lot Thirty-two (32), Block Eleven Hundred One (ll0l), TOWN OF LA <br />PORTE, Harris County, Texas, for a term ending the 31st day July, <br />1997. No portion of such sign shall encroach upon a public right- <br />of-way. The location, construction and operation of such sign shall <br />conform to all applicable codes of the City of La Porte, and <br />requirements of Houston Lighting & Power Company. McDonald's <br />Corporation shall promptly remit to the City of La Porte, all net <br />rentals received by it under said lease agreement between McDonald's <br />Corporation and La Porte State Bank. <br />Section 6. This Ordinance shall be effective only upon (1) the <br />purchase of Lots Twenty (20) through Thirty-two (32), Block Eleven <br />Hundred One (1101), TOWN OF LA PORTE, Harris County, Texas, by <br />McDonald's Corporation: (2) the execution and delivery of an <br />easement by McDonald's Corporation to Houston Lighting & Power <br />Company: (3) the execution by McDonald's Corporation of an agreement <br />for landscaping of the .conservation setback. areas: (4) the <br />execution of a mutually agreeable sign lease between McDonald's <br />Corporation and La Porte State Bank, and (5) the delivery of the <br />$5,811.00 cash performance guarantee as provided for in Section 3 <br />hereof. <br />Section 7. McDonald's Corporation, acting herein by and <br />through its duly authorized officer, joins in the execution of this <br />license agreement, to evidence its agreement and consent to the <br />terms and provisions hereof. <br />Section 8 Except as expressly set forth herein, this <br />Ordinance shall not limit or otherwise mitigate the provisions of <br />any other applicable City of La Porte ordinance or regulation <br />including, but not limited to, the terms and provisions of Ordinance <br />No. 1501, the City of La Porte Zoning Ordinance. <br />Section 9. The City Council officially finds, determines, <br />recites and declares that a sufficient written notice of the date, <br />hour, place and subject of this meeting of the City Council was <br />posted at a place convenient to the public at the City Hall of the <br />