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12/1.:12007 14;22 7132637795 <br />NO. 2007-TDA- ~ <br />STATE Off' TEXAS § <br />COUNTY (~~' HARRZ S ~ <br />INDUSTRIAL DISTRICT A~RL~NT <br />PAGE 0435 <br />This AGREEI~EN'I' made and entered into by and between the CITY <br />OF LA Pt~~ZTE~ TEICAS, a municipal aaxpvraticrn a~ Harris County, <br />'texas, hereinafter ~a~.led "CITY" , a~.d. ~~5~ ('~, -~-~ x'~r~,. ~~~ <br />a i m t ~.~r~ox-a.cu~.,.._ her~a.na t e r <br />called "COk~~~NY" . <br />W I '~ N E S S E T H: <br />WHEREAS, ~.t is the estabZ,ished policy O~ the City Council of <br />the City of La Porte, Texast tc adapt such reasonable measures <br />from time to time as are pexmitted by law and w1~a.ch ~nrill tend to <br />enhar~.ce the economic stahilit~r and grc-wth of the City azzd its <br />er~viroms by attracting the ~.ocation of new and the ex~aansion of <br />existixxg industries therein, and suah policy is hereby reaffirmed <br />and adopted by this City Cvunail as being in the best interest of <br />the City and ~.ts axtizens; aad <br />WHEREAS, pursuant to its pol~.cyR City has enacted 4xdinaace <br />No. 729, designating partio~.s of the area located in ~.ts <br />extraterritorial jurisdiction as the "Battleground Tnd~sstrial <br />bistri,ct a~ La Porte, Texas", and Ordinance Nv. 842A, designating <br />portions of the area, located in its extraterritorial jurisdiction <br />as the "~a,ypc~rt Industriax District arc ~a Porte, ~'exas". <br />hereinafter collectively called "DiStz7.Ct", such Qrdi,a,ar~ces ~ beixig <br />in compliance with the Municipal vexation Act a~ Texas, codified <br />as Section ~~.044, Texas Local ~cavernment Code; aad <br />WHEREAS, Company is the owner of land with~.zx a designated <br />Iad~striaZ District of the C~.ty of La Porte, said land being <br />legally described as the attached Exhibit "A" (h,ereinaftez <br />"Land"}; and said Land being more particularly s,hc~wn on a plat <br />attached as Exhibit nB", which plat describes the cawnership <br />boundary lines; a site layout, showing all improvements, includxzxg <br />pipelines and a~ailroads, and also showing areas of the Land <br />previousl~r a~e~ced by the City of La Porte; and <br />WHEREAS, Cit~r desires tee enapurage the expansion artd growth <br />of iadustria~. plants within said Districts and for s~,ch purpose <br />desia~es to enter into this Agreement with Company pursuant to <br />Ordinance adopted by the City Council of said City an$ recorded in <br />the atficia.l minutes of sa~.d City: <br />F=NAL DRAFTz Nove~xer T., 2047 <br />2 <br />