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NOW, THEREFOIRS, in consideration of the premises and the
<br />mutual agreements of the parties contained herein, and pursuant to
<br />the authority granted under the Municipal Annexation Act and the
<br />Ordinances of City referred to above, City and Company hereby
<br />agree with each other as follows:
<br />1.
<br />City covenants, agrees and guarantees that daring the germ of this
<br />Agreement, provided below, and subject to the teams and provi.siona
<br />of this Agreement, said District shall continue to retain its
<br />extrater-ritorial status as an industrial district, at least to the
<br />extent that the same covers the Land belonging to Company and its
<br />assigns, unless and until the status of said Land, or a portion or
<br />Portions thereof, as an industrial district may be changed
<br />pursuant to the terms of this Agreement. Subject may
<br />the foregoing
<br />and to the Later provisions of this Agreement, City does further
<br />covenant, agree and guarantee that such industrial district, to
<br />the extent that it covers said Land lying within said District and
<br />not now within the corporate limits of City, shall be immune from
<br />annexation by City during the term hereof (except as immune from
<br />Provided) and shall have no right to have extended to it any
<br />ter
<br />services by City, and that atll Land, including that whieh has been
<br />heretofore annexed, shall not have extended to it by ordinance any
<br />rules and regulations (a) governing plats and subdivisions of
<br />land, (b) prescribing any building, electrical, plumbing or
<br />inspection code or codes, or (c) attempting to exercise
<br />manner whatever control in any
<br />over the conduct of business thereon;
<br />Provided, however, any portion of sand constituting a strip of
<br />land 100, wide and contiguous to either Fairmont Parkway, state
<br />Highway 225, or State Highway 146, shall 3ne to the rules
<br />subject and regulations attached hereto as Rxhibit and t made a part
<br />hereof; and provided, however, it is agreed that City shall have
<br />the right to institute or intervene in any administrative and/or
<br />judicial proceeding authorized -by the Texals Water Code, the Te=s
<br />Clean. Air Act, the Texas Health & Safety Code, or other federal or
<br />atate environmental lawn, ruled or regulations, to the salve extent
<br />and to the same intent and effect as if all Land covered by this
<br />Agreement were not subject to the Agreement.
<br />rx.
<br />In, the event that any portion of the Land has heretofore been
<br />a=exed by City, Company agrees to render and pay full. City ad
<br />valorem taxer; on such annexed Land and im,Provemento, and tangible
<br />personal property.
<br />Under the terms of the Texas Property Tax Core (9,13. 621., Acts of
<br />the 65th Texas Legislature, Regular Session, �979, as amended),
<br />the appraised value for tax purposes of the annexed portion of
<br />:,stnd, improvements, and tangible personal
<br />determined by the Harris County Appraisal District. The shah. be
<br />hereto recognize that saiddAppraisal District has no authority
<br />parties
<br />appraise the Land, improvements, and tangible authority to
<br />the unannexed area for the purpose ofg computing thep "in 11 3l,
<br />"in lzeu
<br />
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