O-2006-2955 - Laserfiche WebLink

Browse Search

j) "Permanent Employee" means a person who works a minimum of 1,750 hours per year exclusively within the Reinvestment Zone (excluding any contract employee, seasonal employee, full-time equivalent, or part-time employee), whose employment is both permanent and full-time, who receives industry -standard benefits, and whose employment is stated in the quarterly report filed with the Texas Workforce Commission ("TWC") by the Lessee. III. SUBJECT PROPERTY The Reinvestment Zone is an area within Harris County, Texas, generally described as a tract or parcel of land containing 10.115 acres of land, located in the Enoch Brinson Survey, Abstract 5, Harris County, Texas, being out of and a part of that certain 207.049 acre tract of record in the name of St. Joe Paper Company, filed in the Official Public Records of Real Property of Harris County, Texas, under Harris County Clerk's File Number M032856, attached hereto as Exhibit D, and made a part hereof for all purposes. The Zone is located within the boundaries of a number of taxing units whose ad valorem taxes are by law approved or levied by the Commissioners Court of Harris County, to wit: Harris County, the Harris County Flood Control District, the Port of Houston Authority of Harris County, Texas, and the Harris County Hospital District. Upon completion of the Improvements to be constructed and further described in Exhibit C, the facility will consist of a cold storage, warehouse and distribution facility. In accordance with TEX. TAX CODE ANN. §312.204(a), HCAD shall determine the Base Year. Value of the real property subject to the Abatement Agreement. The Chief Appraiser of HCAD shall annually certify the appraised value of the Improvements located within the Reinvestment Zone and any improvements to the Reinvestment Zone subject to abatement under this Agreement and more fully described in the Application, attached hereto as Exhibit C and made part hereof for all purposes. IV. REPRESENTATIONS AND CONTEMPLATED IMPROVEMENTS A. The Lessor and Lessee each represent that the Improvements will be constructed within the boundaries of the Reinvestment Zone. B. The Lessor and Lessee each represent and warrant that (1) the Lessor is the owner of fee simple title to real property located at 10000 Porter Road, LaPorte, Texas; (2) the Lessee is the owner and operator of certain materials and equipment; and (3) the property is located within the boundaries of the Reinvestment Zone. C. The Lessor and Lessee each represent and warrant that construction of the Improvements described in the Investment Budget in Exhibit C shall begin on or after November 21, 2006. D. The Lessor and Lessee each represent and warrant that the proposed use of the facility is a cold storage, warehouse and distribution center. Additionally, the Lessor 3