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<br />'p ..... <br /> <br />. <br /> <br />. <br /> <br />(Revised: 06/86) <br /> <br />NOTICE: THIS CONTRACT IS SUBJECT TO ARBITRATION <br />UNDER THE TEXAS GENERAL ARBITRATION ACT, ARTICLE <br />224, ET. SEQ., REVISED CIVIL STATUTES OF TEXAS <br /> <br />TH~ STATE OF TEXAS ~ <br />~ <br />COUNTY OF HARRIS ~ <br />~ <br />CITY OF LA PORTE ~ <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 /> <br />hereinafter called "CITY", and <br /> <br />ARCD Chemical Canpany <br /> <br />, a Delaware <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 the <br /> <br />City of La Porte, Texas, to adopt such reasonable measures from time <br /> <br />to time as are permitted by law and which will tend to enhance the <br />economic stability and growth of the City and its environs by attracting <br /> <br />the iocation of new and the expansion of existing industries therein, <br /> <br />and such policy is hereby reaffirmed and adopted by this City Council <br /> <br />as being in the best interest of the City and its citizens~ and <br /> <br />'WHEREAS, Company is the owner of a certain tract(s) of land more <br />particularly described in the Deed Records of Harris County, Texas, <br /> <br />in the following Volume and Page references, to-wit: <br /> <br />Being 23.B225 acres (1,037,707 square feet) of land situated in the <br />George B. McKinstry League, Abstract 47, Harris County, Texas, and <br />being out of that certain 100.0000 acre tract of land conveyed to <br />ARCO Chemical Company by instrument recorded under File Number <br />M72BlBl and Film Code lB2-70-l7B6 of the Harris County Official <br />Public Records of Real Property, said 23.B225 acres (1,037,707 <br />square feet) of land being more particularly described by metes and <br />bounds on Exhibit "B" attached hereto, incorporated by reference <br />herein, and made a part hereof for all purposes. <br /> <br />THIS INDUSTRIAL DISTRICT AGREEMENT IS SUBJECT TO THE TERMS AND <br />CONDITIONS SET FORTH IN EXHIBIT "A" ATTACHED HERETO, INCORPORATED <br />BY REFERENCE HEREIN, AND MADE A PART HEREOF FOR ALL PURPOSES. <br />