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NO. 2020 IDA-'IV' <br />STATE OF TEXAS ' <br />COUNTY OF HARRIS <br />INDUSTRIAL DISTRICT AGREEMENT <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA PORTE, TEXAS, a municipal corporation of Harris County, <br />Texas, hereinafter called "CITY", and _' 14ZSor\J S14yPUg*7- III LAC <br />a DcL46),49.E L4M f7ED corporation, hereinafter <br />called "COMPANY", <br />W I T N E S S E T H: <br />WHEREAS, it is the established V <br />the City of La Porte, Texas, to E <br />from time to time as are permitted <br />enhance the economic stability and <br />environs by attracting the locatio: <br />existing industries therein, and su <br />and adopted by this City Council as I �� <br />the City and its citizens; and N <br />WHEREAS, pursuant to its polic <br />No. 729, designating portions o. <br />extraterritorial jurisdiction as <br />District of La Porte, Texas", and 0 C <br />portions of the area located in its <br />as the "Bayport Industrial Dist <br />hereinafter collectively called "Di: <br />in compliance with the Municipal Ann <br />as Section 42.044, 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 being 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 />previously annexed by the City of La Porte; 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 />NOW, THEREFORE, 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 />