2007-IDA-141 Almondwater, LLC - Laserfiche WebLink

Browse Search

i NOW, wHEREFOR9, in consideration of the premixes and the mutual agreements of the parties contained herein and pursuant to the authority granted under the Municipal Annexation Act and the Ordinances of City referred to above, City aLad Company hereby agree with each other as followa: 1. city Covenants, agrees and guarantees that during the term of this Agreement, provided beloW, and subject to the texmo and provisions of this Aq;eeement, said District shall continue to retain its extraterritorial, statue as an induatri.al district, at least to the extent that the same covers the Land belonging to Company and its aooigno, unleso and until the statue of paid Land, or a portion or portions thereof, as an industrial district my be changed pursuant to the terms of this Agreement. Subject to the foregoing and to the later provisions of this Agreement, City does further Covenant, agree and guarantee that ouch industrial district, to the extent that it covers said Land lying within said District and not now within the Corporate limits of City, shall be immune from annexation by City during the Gestin hereof (except as hereinafter provided) and shall have no right to have extended to it any services by City, and that all Land, :including that which has been heretofore annexed, shall not have extended to it by ordinance any rules and regulations (a) governing plate and subdivisions of land, (b) prescribing any building, electrical, plumbing or inspection code or codes, or (e) attempting to exercise in any manner whatever Control over the conduct of busi.neso thereon; provided, however, any portion of Land constituting a strip of land 1.001 wide and Contiguous to either Fairmont Parkway, State Highway 229, or State Highway 146, shall be subject to the rules and xegulati.ona attached hereto au Exhibit 1501 and made a part hereofl and provided, however, it is agreed that City shall have the right to institute or intervene in any administrative and/or judicial proceeding authorized by the Texas Dater Code, the Texas Clean Air Act, the Texas Health & Safety Code, or other federal or state environmental laws, ruleo or regulations; to the same extent and to the some intent and effect as if all Land covered by this Agreement were not Subject to the Agreement. X1. in the event that any portion of the Land has heretofore been' annexed by City, Company agrees to render and pay full. City ad valorem taxes on such annexed band and improvements, and tangible personal property. Under the terms of the Texas Property Tax Code (S.A. 621, Acts of the 65th Texas IAgtglature, Regular session, 1979, as amended) , tw appraised value for tax puxpones of the annexed portion of Land, improvements, and tangible personal. property ahall be determined by the Harris County Appraisal Dintri.ct. The parties hereto recognise that said Appraisal District has no authority to appraise the Land, improvements, and tangible personal property in the unannexed area for the purpose of computing the 'yin lieu"