O-1991-1794 - Laserfiche WebLink

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. . EXHIBIT -A- Page 1 of 2 TO AN INDUSTRIAL DISTRICT AGREEMENT BETWEEN THE CITY OF LA PORTE, TEXAS, AND ARCO CHEMICAL COMPANY. l. City and Company agree that the real property of Company, more particularly described on Page 1 of this Industrial District Agreement, is presently unimproved, and unannexed to City, except for existing ftstripft annexations, if any. City and Company further agree that paragraph II hereof is hereby amended, to provide that during the term of this Industrial District Agreement, and for such periOd of time that said real property remains unimproved, that City will not annex said property~ provided, however, City reserves the right to conduct "strip" annexations as my be required by law in connection with annexation of land other than that owned by Company. Company agrees to render to City and to pay as ftin lieu of taxesft on Company's said unimproved land, an amount equal to the sum of 100% of the amount of ad valorem taxes which would be payable to City if all the hereinabove described property of Company had been within the corporate limits of City and appraised each year by City's independent appraiser. 2. The provisions of the preceding paragraph hereof shall remain in full force and effect during the term of this Industrial District Agreement~ provided, however, at such time as Company commences improvements to Company's hereinabove described real property, Company shall be entitled to pay an amount ftin lieu of taxesft on Company's land, improvements, and tangible personal property on the above described property, in accordance with Paragraph II of this Industrial District Agreement. 3. Company agrees that the real property of Company herein described shall not be used as a site for commercial hazardous waste incineration, i.e., incineration of hazardous wastes generated off- site~ provided, however, City does not waive its rights reserved under Paragraph 1 of this agreement. 4. Except as amended by the terms and prov1s10ns of this Exhibit ftAft, the terms and provisions of the Industrial District Agreement, to which this Exhibit ftAft is attached, shall remain in full force and effect for the term of this Agreement, expiring December 31, 1993. .~ .. . ...: ~~i~'~.~.,~~ ~~~~~ ~~ ....." .," ,o\!.EN,TERED INTO ~ .r:~J .,..... _~ e.tfgec€i:Ve:~date of ~ fOJ:;J ~:'~~ '~ \"; ". \-; ~~, !-Z-/L i ~ 'PT.EST:..... ~ ~~. "~....~",," ..... , this day of February, 1991, retroactive to January 1, 1991. ~~, VV',..-.~ BY: ARCO Chemical Company (COMPANY) IS. te. ~ cretary N me: ~~ ~ S.r; ~ /~t,Lf Name: D. R. Mathera Title: Plant Manager Address: 10801 Choate Road Pasadena, TX 77507 Address: Telephone: