93-IDA-02 - Laserfiche WebLink

Browse Search

e e Industrial District Agreement - 2 upon which ,.tract (s) Compan'y' 'has - either constructed an industrial . , __. M ... ........ .._...... .._".... ..... .- plant(s) or contemplates the construction of an industrial plant(s): and WHEREAS, pursuant to its policy, City has enacted Ordinance No. 729, desi~nating portions of the area located in its extraterritorial jurisdiction as the, !/'.,B,att:l.e,gr9und ;,::I.ndust~i~l District of La Porte, Texas," and Ordinance No. 842, designating portions of the area 10- ca ted . ~iA l.'f~~E:~~j{~i~~~~i-"to;~'r'~tlji~ris'd{;~-t'ion' ;~'as" 'the'-"'i'~'~'~~'ort: ~ industri~l . . ':' ,...", "-, '" .... ~.'\ r:.. ....1.- . .. .. 'District of" La Porte';'''Te~as-,'' 'hereinafter ~ol'iect'ivelY called "Dis- .. .., trict," such Ordinance~"beirig in'compliance with..the Municipal Annex- ation Act "of Texas, Article 970a, Vernons Annotated Revised civil .. ....~. ." I ,.... -,' I,' . :. Statutes of Texas: 'and :::' . 'r i\' ;; WHEREAS, City desires -..to.. encourage the expansion, and growth of industrial plants ,within. said Districts .and for such purpose desix:~s to enter into this Agre~men~... wi th . Company:. pursuant. to. Resolution adopted by the CitY,C~~~c~1 of said City and ~eco~ded ~n ~~~'offici~l minutes of said'Cit~: NOW, .THEREFORE, in consideration of the premises and the mutual : .' . I ~ . ~ ....,.. agreements of the parties contained herein and pursuant to the authority gra?ted under the Municipal Annexation Act and the Ordinances of c~ty.. r,~f~r~~:?,_~? above, City and Company hereby agree with each '. other as follows: \ .... .".':' I ("l' .::. . \':.". ~ ,i ":': :"', t'. I. .. ' Ci ty covenants, agrees and guarantees that during the term of this Agreement, provided below, and subject to the terms and provisions of this Agreement, said District shall continue and retain its extraterritorial status as an industrial district, at least to the extent that the same covers the land described above and belonging to Company and its assigns, and unless and until the status of said land, or a portion or portions thereof, as an industrial district may be changed pursuant to the terms of this Agreement. Subject to