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pro. zoa7-II?A-~~ § <br />STATE o~ T~xAS § <br />CQUNTY OF HARRIS § <br />INDUSTRIAL DISTRICT .AGREEdi+IENT <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA FORTE, 'TEXAS, a municipal. corporation of Harris County, <br />Texas, hereinafter called "CITY", and US Industrial REIT II <br />a Texas real estate izzvestment trust hereinafter <br />cal~.ed "COMPANY" , <br />W I T N E S S E T H: <br />V~HEREAS, it is the established policy of the City Council of <br />the City of La Porte, Texas, to adapt such reasonable measures <br />from time to time as are permitted by law and which will tend to <br />enhance the economic stability ax~.d 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 anal its citizens; and <br />WHEREAS, 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 Na. 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 Mun~.cipal.Annexation Act of Teas, codified <br />as Section. 42:044, Texas I;ocal Government Code; and <br />WHEREAS, Company. is the owner 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 part~.cularl.y shown on a plat <br />attached as Exhibit "B'~, which plat describes the awn.ership <br />boundary lines; a site layout, shawin.g all irnprove~nents, including <br />pipelines and railroads, and also showing areas of the band <br />previously anra.exed by the City of La Porte; and <br />WHEREAS, City desires to encourage the expansion and growth <br />of industrial plants within said T7istricts ax€d far 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 />FINAL I?RAFT: November 1, 2€~a7 <br /> <br />