|
12~11~20p7 14:22 7132637795 PAGE 05!35
<br />NOw, THEREFORE, in considerafiicn of tha premises axed the
<br />mutual a,greemants q~ the ~SS,rties cantsined herein and pursuant to
<br />the autharit~r granted under the Municipal Anr~exatior~ ,Act a.nd the
<br />Ordinances of City referred tv above, City and Campany herelay
<br />agree with each other as follows:
<br />T.
<br />G~.ty covenants, agrees and guarantee; that dur~.ng the tee of this
<br />Agreement, provided below, and subject tG the terms and prov~,sians
<br />of this Agreement, sa~,d, District shall cant~.zxue to retain its
<br />extraterritorial status as an industrial distr~.ct, at least to 'the
<br />extent that tb,e same covers the Land belonging to Campany and its
<br />assigns, unless and uxa.til the status of said Lead, ar a portion car
<br />portions therec~,f , as an ,iz~dusta~ial district may be changed
<br />pursuant to the terms of this Agreement. Subject to the foregoing
<br />azxd to the later provisions of 'this Agreeme~xt, City does further
<br />covenant, agree and gua.razxtee that sucks industrial district, to
<br />tlxe extent that it covers said Lard Tying within ,said Distrzot and
<br />not now w~,thin the corporate limits oaf City, shall be immune from
<br />aar~zxexation lay City during the texmx hereof {except as hereizxa.fter
<br />provided) and shall have n,0 right to have extended ~.p it any
<br />services by City, and. that all Land, including that which has been
<br />heretofore annexed shall not have extended to it by crrd,inance any
<br />ruses and regulatiaxa.s (a) governing plats and subdiva.siozas of
<br />land, (b) ,prescribing any building, electrical, plumbing or
<br />irispectian code ar codes, ar (c) attempting to exercise in any
<br />mariner whatever caxxGro], aver the conduct of business thereon;
<br />provided, however, any portion of Land cc~za;~t~.tuting a strip of
<br />Xand l0e' wide and cozatiguaus to either ~'airmor~t Parkway, State
<br />Highway 225, or State Highway 1~6, shall be subject to the rules
<br />and x`egulati,cans attached hereto as Exhibit "C" a.ra.d made a part
<br />hereof ; and provided, however, it is agreed tb.a.t City shall have
<br />the ra,glat to institute or intervene irx any adminfstxative and/4r
<br />judicial proceeding authorized lay the Texas We,ter' Code, the Texas
<br />Clean Air Act, the Texas Hea~.th & Safety Code, ar othez federal or
<br />state e~xvironmental laws, rules ar regulations, to the same extent
<br />and tv the same iza.tent and effect as a.f all Laxzd covered by this
<br />Agreement were not subject to the Agreement.
<br />zs.
<br />In the event that s.ny portion of the Land h,as heretofore been,
<br />azuzexed by City, Campany agrees to render and pay full City ad
<br />valorem taxes an such azxnexed Land aMd improvet~ents, and tangible
<br />pea~sonal property.
<br />Uf.der the terms of the Texas Property Tax Cade {S.B. 6~1, ~Lcts of
<br />the 65th "texas Legislature, Regular Sesefon, ].979, as amended).
<br />th,e appraised value for te,x purposes of the annexed portion of
<br />Land, impx'ovements, azad tangila7,e personal property shall be
<br />determined by the Harris County Appraisal District. The parties
<br />hereto recagna.ze that said Appra~.sal Distxi,ct has x~a authority to
<br />appraise k.he Land, ~,lz~pravements, and tangible personal property in
<br />the un,annexed area far the ~aurpase of oomputxng the "in lieu°
<br />2
<br />
|