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<br />. <br /> <br />e <br /> <br />NOTICE. THIS CONTRACT IS SUBJECT TO ARBITRATION <br />UNDER THE TEXAS GENERAL ARBITRATION ACT, ARTICLE <br />224, ET. SEO., REVISED CIVIL STATUTES OP TEXAS <br /> <br />STATE OF TEXAS S <br />S <br />COUNTY OF HARRIS S <br />S <br />CITY OF LA PORTE S <br /> <br />INDUSTRIAL DISTRICT AGREEMENT <br /> <br />This AGREEMENT made and entered into by and between the CITY OF <br /> <br />LA PORTE, TEXAS, a municipal corporation of Harris County, Texas, <br />hereinafter called "CITY", and BAY SHORE INDUSTRIAL, INC., a <br /> <br />corporation, hereinafter called "COMPANY", <br /> <br />WIT N E SSE T H: That <br /> <br />WHEREAS, it is the established policy of the City Council of <br /> <br />the City of La Porte, Texas, to adopt such reasonable measures from <br /> <br />time to time as are permitted by law and which will tend to enhance <br /> <br />the economic stability and growth of the City and its environs by <br /> <br />attracting the location of new and the expansion of existing <br />industries, therein, and such policy is hereby reaffirmed and <br /> <br />adopted by this City Council as being in the best interest of the <br /> <br />City and its citizens; and <br /> <br />WHEREAS, Company is the owner of a certain tract(s) of land <br /> <br />more particularly described in the Deed Records of Harris County, <br /> <br />Texas, in the following Volume and Page references, to-wit: <br /> <br />TRACT 1, 2, and 3, as described on Exhibit "A" attached hereto. <br /> <br />This agreement shall be subject to the additional restrictions <br /> <br />contained in Exhibit "B" attached hereto. <br />