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N0. 2447-IDA-~~ § <br />§ <br />STATg OF TEXAS § <br />COUNTY OF HARRIS § <br />RECEIVED <br /> <br /> <br />INDUSTRIAL DISTRICT AGRE~NT <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA FORTE, TEXAS, a municipal co oration of Harris County, <br />Texas, hereinafter called "CITY", and __ 'j~ L,/~~rE~•~,~.~.-T~~~~ <br />. a p,~~C--~s~ corporate n, hereinafter' <br />called "COMPANY". <br />W I T N E S S E T H: <br />WHEREAS, it is the established policy of the City Cauncil of <br />the City of La Porte, Texas, to adopt such reasonable measures <br />from time to time as are permitted by law and which will tend to <br />enhance the economic stability and 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 and 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 ~urisdictfon as the "Battleground Industrial <br />District of La Porte, Texas", and Ordinance No. 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 Municipal Annexation Act of Texas, codified <br />as Section ~42.4g4, Texas Local 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 be~.ng more particularly shown on a plat <br />attached as Exhibit "B", which plat describes- the ownership <br />boundary lines; a site layout, showing all improvements, including <br />pipelines and railroads, and also showing areas of the Land <br />previausly annexed by the City of La Paxte; and <br />WHEREAS, City desires to encourage the expansion and growth <br />of industrial plants within said Districts and for 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 DRAFT: November 1. 2007 <br />1 <br />