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INDUSTRUM DISTRICT AGRESMENT <br />This AGitEBMMgT made and entered into by and between the CITY <br />OF LA PORTE, TEXAS, a municipal corporation of Harris County, <br />Texas, hereinafter called "CITY", and Oakwood Capital, LP <br />J. a Texas limited partners 1p, hereinafter <br />called "COMPANY", <br />WITNRSS.ETH: <br />WHEREAS, it is the established policy of the City Council of <br />the City of La Porte, Texas, to adopt such reasonable measures <br />from time to time as are permitted by law and which will tend to <br />enhance the economic stability and growth of the City and its <br />environs by attracting the location of new and the expansion of <br />existing .industries therein, and such policy is hereby reaffirmed <br />and adopted by this City Council as being in the best interest of <br />the City and its citizens; and <br />WHEREM, pursuant to its policy, City has enacted Ordinance <br />No. 729, designating portions of the area located in its <br />extraterritorial jurisdiction as the "Battleground industrial <br />District of La Porte, Texas", and Ordinance go. 842A, designating <br />portions of the area located in its extraterritorial jurisdiction <br />as the "Bayport Industrial District of La Porte, Texas", <br />hereinafter collectively called "District", such Ordinances - being <br />in compliance with the Municipal Annexation Act of Texas, codified <br />as Section 42.044, Texas Local Government Code; and <br />WHEREAS, Company is the corner of land within a designated <br />Industrial District of the City of La Porte, :said land being <br />legally described on the attached Exhibit ".A" (hereinafter <br />"Land"): and said Land being more particularly shown on a plat <br />attached as Exhibit "B", which plat describes the ownership <br />boundary lines; a site layout, showing all improvements, including <br />pipelines and railroads, and also shoring areas of the Land <br />previously annexed by the City of La Porte; and <br />WHEREAS, City desires to encourage the expansion and growth <br />of industrial plants within said Districts and for such purpose <br />desires to enter into this Agreement with Company pursuant to <br />Ordinance adopted by the City Council of said City and recorded in <br />the official minutes of said. City: <br />FIN" DRAFT: November 1, 2007 <br />I <br />