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__v vU ~uuu rKl 11:35 AM FAX NO. P. 03 .'. .. '..1 EXHIBIT IIA-l11 TO AN INDUSTRIA~ DISTRICT AGREEMENT BETWEEN THE CITY OF LA PORTE, TEXAS, AND ARCO PIPELINE COMPANY 1. City and Company agree that the real property of company, more particularly described on Exhibit "A" of this Industrial District Agreement, is presently uni.mproved, and unannexed to the city, except for existin9 "strip" annexations, :If any. city and Company further agree that paragraph I hereof is hereby amended, to provi.de that during the term of this Industrial District Agreement, and for such period of time that said real property remains unimproved, that City will not annex said property; provided, however, city reserves the right to conduct "strip" annexations as may be required by law in connection with annexation of land other than that owned by Company. Company agrees to render to City and to pay as "in lieu of taxes" on Company's aaid uni.mproved land, an amount equal to the sum of 100% of the amount of ad valorem taxes which would be 'payable to city if all the hereinabove described property of company had been within the oorpora1::e limits of city and appraised eaoh year by City's independent appraiser. 2. The provisions of the preceding paragraph hereof shall remain in full force and effect during the term of this Industri.al District Agreement; provided, however, at such time as Company commences improvements to company' s herei.nabove described real property, Company shall be entitled to pay an amount "in lieu of taxes" on Company I s land, improvements, and tangible personal property on the above described property., in accordance with Paragraph III of this Industrial District Agreement. 3. Company agrees that the real property of company herein described shall not be used as a site for commercial hazardous waste incineration, i.e., incineration of hazardous wastes generated offsite; provided, however, City does not waive its rights reserved under paragraph I of this agreement. 4. Except as amended by the terms and provisi.ons of this Exhibit "A-1II, the te:t'ms and provisions of the Industrial District Agreement, to which this Exhibit "A-l1' is attached, shall remain in full force and effect for the term of this Agreement, expiring December 31, 2007. ENTERED INTO effective the 1st day of January, 2001. . Approved as to Form ARca PIPELINE COMPANY By: ~~ e fAJL Name: 6 \2JA t.,J R _ MtLLI"!12,,. Title: /l.ao~-I>'t'-1-IN- FACA- Legal Deparlmenl