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e e " NO. 9J-IDA-~ STATE OF TEXAS COUNTY OF HARRIS { { { { { DmaSnrAL DISTRICf AGREEMmft' This AGREEMENT made and entered into by and betveen the CI'rY OF LA POR'rE, TEXAS, a municipal corpora'tlon of Rarris Count.y, Texas, hereinafter called "CITY", and 'the Geou C01ll1)auy , , a IIp.l AW1irfll corpora~ion, here1nafter called "COMP~", , WIT N E SSE T H: WHEREAS, it is the establis~ed policy of the City council of the City of La Porte, Texas, to adopt such reasonable measures from time to time as are permitted by law and which will tend to enhance 1:11e economic stability and growth of the City and its environs by attracting the location of new and the expansion of exist1nq indu~1'tries therein, and such policy is hereby reaffirmed and adopted by this City Council as beinq in the best in~erest of the city and its citizens; and WHEREAS, pursuant to its policy, City has enacted Ordinance No. 729, designating portions of the area located in its extraterritorial jurisdiction as ,the "Battleground Industrial District of La porte, Texas", and ordinance No. 842A, designating portions of the area located in its extraterritorial juriSdiction as the "Bayport Industrial District of La Porte, ~exasll, hereinafter collectively called "District", such Ordinances being in compliance with the MUnicipal Annexation Act of Texas, codified' as Section 42.044, Texas Local Government Code; and WHEREAS, Company is the owner of land within a designated Industrial District of the City of La Port'e, said land being leqally described on 'the attached Exhibit nA" (hereinafter "Landa); and said Land being more particularly shown on a plat attached as Exhibit "Bu', which plat describes the ownership boundary lines; A site layout, showing all improvements, includinq pipelines and railroads, and also Showing areas of the Land previously annexed by the city of La Porte; and WHEREAS, City desires ~o encourage the expansion and growth of industrial plants within said Districts and tor such purpose desires to enter into this Aqreement with Company pursuant to Ordinance ~dopted by the city Council of said City and recorded in the official minutes of said City: NOW', THEREFORE, in consideration of the premises and the mu~ual agreements of the parties contained herein and pursuant to the authority granted under the Municipal Annexation Act and the Ordinances of City referred to above, City and Company hereby agree with'each dther as fol~o~s: Revised: OC~Q~er 22, 1993