O-2020-IDA-150 CRP/TREP New Decade Owner

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NO. 2020 IDA=)�-5D STATE OF .TEXAS ' COUNTY OF HARRIS INDUSTRIAL DISTRICT AGREEMENT This AGREEMENT made and entered into by and between the CIT OF. LA PORTE, TEXAS, a municipal corporation of Harris County Texas, hereinaftercalled "CITY", and CRP/TREP New Decade Owner a Delaware limited partnership hereinafte called "COMPANY", 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 Ordinance No. 729; designating portions of the area located in itE extraterritorial jurisdiction as the "Battleground Industrial District of La Porte;. Texas", and_Ordinance No, 842A designatinc portions of the area located in its extraterritor' 'urisdictior as the "Bayport Industrial District of , Texas", hereinafter collectively_ called "District ces beinc incompliance with the Municipal Annexa Codifies as Section 42.044, Texas Local.Gove WHEREAS, Company is t +V gnatec Industrial District 'of , � ,-`� � beinc legally described on t® V aftex "Land"); and said Land be -lat attached as Exhibit "B", hid boundary.lines; a site layou nc pipelines and railroads; :an _ � c previously annexed by the Cit WHEREAS, City desires to v �% of industrial plants within sa desires to enter into this Agr Ordinance adopted by the City Coun the official minutes of said City: V / NOW, THEREFORE,. in considerat emises and mutual agreements of the parties con In and pursuant the authority granted under the Muni exation Act and Ordinances of" City referred. to above, City and Company her agree with each otheras follows: