O-2008-3068 Assessments against Section One properties within the City of La Porte Lakes at Fairmont Greens

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AGREEMENT BY AND BETWEEN THE CITY OF LA PORTE, TEXAS, AND LA PORTE REDEVELOPMENT AUTHORITY THE STATE OF TEXAS ~ ~ COUNTY OF HARRIS ~ KNOW ALL MEN BY THESE PRESENTS: This agreement (the "Agreement") is made by and between the CITY OF LA PORTE, TEXAS, a municipal corporation and a home-rule city of the State of Texas (the "City"), and the LA PORTE REDEVELOPMENT AUTHORITY, a local government corporation created and organized under the provisions of the Texas Tnmsportation Corporation Act, Chapter 431, Subchapter D, Transportation Code and existing under the laws of the State of Texas (the "Authority"). WITNESSETH: WHEREAS, by City of La Porte Resolution No; 2007-02 the City authorized and established the Lakes at Fairmont Greens Public Improvement District (the "Pill") under the provisions of Chapter 372, Texas Local Government Code; and WHEREAS, by City of La Porte Resolution. No. 2000-2457 approved on December 11 th, 2000, the City authorized the creation of the Authority pursuant to the provisions of Subchapter D of Chapter 431, Texas Transportation Code and Chapter 394, Texas Local Government Code to aid, assist, and act on behalf of the City in the performance of the City's governmental functions relating to the management and administration of the PID; and WHEREAS, it is necessary for the City to use the Assessments collected for the purpose of carrying out and completing the services and improvements proposed in the Service Plan; and WHEREAS, the City desires for the Authority to aid and assist the City in collecting Assessments against benefited properties and in carrying out and completing the services and improvements proposed in the Service Plan; and HOU:2680299.1