O-2020-IDA-107 Eurecat U.S. Incorporated

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NO. 2020 IDA- l or+ STATE OF TEXAS ' COUNTY Or HARRIS INDUSTRIAL DISTRICT AGREMVJEWL This AGREEMENT made and entered into by and between the CIT OF LA PORTE, TEXAS, a municipal corporation of Harris County Texas, hereinafter called "CITY", and EURECAT U.S. 1NCoKPoe,A'fF_D , a NEW called "COMPANY", corporation, hereinafte W I T N E S S E T H: WHEREAS, it is the established policy of the City Council o the City of La Porte, Texas, to adopt such reasonable measure from time to time as are permitted by law and which will tend t enhance the economic stability and growth of the City and it environs by attracting the location of new and the expansion o existing industries therein, and such policy is hereby reaffirme and adopted by this City Council as being in the best interest o the City and its citizens; and WHEREAS, pursuant to its policy, City has enacted Ordinanc No. 729, designating portions of the area located in it extraterritorial jurisdiction as the "Battleground Industria District of La Porte, Texas", and Ordinance No. 842A, designatin portions of the area located in its extraterritorial jurisdictic as the "Bayport Industrial District of La Porte, Texas" hereinafter collectively called "District", such Ordinances bein in compliance with the Municipal Annexation Act of Texas, codifie as Section 42.044, Texas Local Government Code; -and WHEREAS, Company is the owner of land within a designate Industrial District of the City of La Porte, said land bein legally described on the - attached Exhibit "A" (hereinafte "Land"); and said Land being more particularly shown on a pla attached as Exhibit "B", which plat describes the ownershi boundary lines; a site layout, showing all improvements, includin pipelines and railroads, and also showing areas of the Lan previously annexed by the City of La Porte; and WHEREAS, City desires to encourage the expansion and gro, of industrial plants within said Districts and for such pure, desires to enter into this Agreement with Company pursuant Ordinance adopted by the City Council of said City and recorded the official minutes of said City: NOW, THEREFORE, in consideration of the premises and mutual agreements of the parties contained herein and pursuant the authority granted under the Municipal Annexation Act and Ordinances of City referred to above, City and Company her agree with each other as follows: