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e e ~O. 2.000-IDA~ ..1!L <- { STATE OF TEXAS { { COUNTY OF HARRIS { ,XNDUSTRXAL DXSTRXCT AGREEMENT . , This AGREEMENT made and entered in't;o by and b~tween the CITY OF.LA PORTE, TEXAS, a municipal. corporation of Harris County, Texas, hereinafter called "CITY", and Akzo Nobel Catalysts, LLC , ,a Delaware Limited Liab""III'ty corporation, hereinafter called "COMPANY", .." WIT N E SSE T H: WHEREAS, it is the established. policy of the City Council of the City of La Porte,Texas, to adopt such reasonable measures from time 'to ti~e as are permitted.by law and which will tend to enhance th~ 'economic stability and growth of the City ~nd its environs by attracting the location of new and the expansion of existing industries '.therein, ?lnd such policy i.s' ~ereby reaffirmed and adopted by this City Council as ,being in the best interest of the City and i~s 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, design~ting portions .of the area located in its extraterritorial jurisdiction as the "Bayport Industrial District of La Porte, Texas", hereinafter collectively called !'District", such. Ordinances being in compliance with the Municipal Annexation Act of Texas, codified as Sect-ion 42.044, 'Texas Local Government Code; and WH~REAS, . Company is the owner of land within a designated Indul;5trial District of the City of ~a Porte, said land being legally described on the attached Exhibit "A" (hereinafter "Land") ; and said ~and being more particularly shown on a plat attached as Exhibit "B"; which plat describes the ownership boundary lines; a site layout, showing all improvements, including pipelines and railroads, and also showing areas of the Land previously annexed by .the City of La Porte; and ' WHEREAS, City desires to encourage the expansion and growth of industrial plants within said Districts and for such purpose desires to 'enter into this' Agreement wi.th Company pursuant to Ordinance adopted by the City Council of said City and recorded in the official minutes of said City: NC;>W, THEREFORE, in consideration of the. premises and the mutual agreements of the parties contained herein and pursuant to the authority gra~ted under the Municipal Annex~tion Act and the Ordinances o~. City"referred to above, City and Company hereby agree with each other as follows: FXNAL DRAFT: February 24, 2000