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O-2010-3287 mutual termination/tax abatement agreement providing for the payment of abated 2007/2008 ad valorem taxes to La Porte
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O-2010-3287 mutual termination/tax abatement agreement providing for the payment of abated 2007/2008 ad valorem taxes to La Porte
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Last modified
11/2/2016 3:39:30 PM
Creation date
10/20/2010 3:52:44 PM
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Legislative Records
Legislative Type
Ordinance
Date
10/11/2010
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<br />for year 2009 no ad valorem taxes were abated, and City has received payment in full for taxes due <br />for that period. <br /> <br />II. <br />Lessor and Lessee represent and warrant that they have no outstanding indebtedness to <br />the City, or other political subdivisions who are parties to this Agreement, for ad valorem taxes <br />or other obligations. <br /> <br />III. <br /> <br />The parties agree that this Agreement contains all of the terms and conditions of the <br />understanding of the parties relating to the subject matter hereof. All prior negotiations, <br />discussions, correspondence and preliminary understandings between the parties and others <br />relating hereto are superseded by this Agreement. <br /> <br />IV. <br /> <br />This Agreement shall be governed according to the laws of the State of Texas and shall <br />bind and insure to the benefit of the respective legal representatives, successors and permitted <br />assigns of the parties. <br /> <br />V. <br /> <br />The City executes this Agreement by and through the acting pursuant to Ordinance of <br />the City Council of La Porte City, Texas so authoring. This Agreement shall not become effective <br />until executed by all parties hereto. <br /> <br />This Agreement may be executed by the parties in multiple originals, each having full <br />force and effect. <br /> <br />ATTEST: <br /> <br />(;~ <br /> <br />Porter Road Venture, L.P. <br /> <br />A Texas Limited Partnership <br /> <br />General Partner <br />("LESSORJI) <br /> <br />By: 1IJ ~ <br /> <br />/tL .() C/~~ <br />Date signed: /0/ Sit 0 <br />I I <br /> <br />2 <br />
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