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NQ. 2007-IDA--~~ <br />STATE OF TEXAS <br />COUNTY OF HARRIS <br /> <br />aND~i7STAZAL DISTRI=CT AGRE£~MENT <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA PORTS, TEXAS, a municipal, corporation of Harri-~ ounty, <br />Texas, hereinafter c~ed "CITY° , ah.d ~ ~! _ - i ~ , <br />a G ~ corporation, hereinafter <br />called "COMPATeTY" . <br />W I T N E S S E T H: <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 wh~,ch 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 />WHEREAS, pursuant to its policy, City has enacted Ordinance <br />No. 729, des~.gnating portions of the area located a.n its <br />extraterritorial. jurisdiction as the °Battleground Industrial <br />District of La Porte, Texas°~, and Ordinance No. 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 Te~cas, codified <br />as Section 42.044, Texas Local Government Code, and <br />WHEREAS, Company is the owner of land within a des~.gnated <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", wh~.ch 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 Agreetr~ent with Company pursuant to <br />Ordinance adopted by the City Council of said. City and recorded in <br />the official minutes of sa~.d City: <br />FINAL DRAFTa November 1, 207 <br />3. <br />