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IDA-347 - The Upjohn Company, 1979 & 1966 agreements
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IDA-347 - The Upjohn Company, 1979 & 1966 agreements
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6/27/2007 11:27:54 AM
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La Porte TX
Document Type
Ordinances
Date
1/1/1966
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<br />e <br /> <br />e <br /> <br />e <br /> <br />_e <br /> <br />e <br /> <br />Industrial District Agreement - 2 <br /> <br />upon which tract(s) Company has either constructed an industrial <br />plant(s) or contemplates the construction of an industrial plant(s); <br />and <br /> <br />WHEREAS, pursuant to its policy, City has enacted Ordinance No. <br />729, designating portions of the area located in its extraterritorial <br />jurisdiction as the "Battleground Industrial District of La Porte, <br />Texas," and Ordinance No. 842, designating portions of the area <br />located in its extraterritorial jurisdiction as the "Bayport Indus~ <br />trial District of La Porte, Texas," hereinafter collectively called <br />"District," such Ord inances being in compl iance wi th the l-1unicipal <br />Annexation Act of Texas, Article 970a, Vernons Annotated Revised <br />Civil Statutes of Texas; and <br />WHEREAS, City desire~ to encourage the expansion and growth of <br />industrial plants wi thin said District and for such purpose desires <br />to enter into this Agreement wi th Company pursuant to Resolution <br />adopted by the City Commission of said City and recorded in the <br />official minutes of said City: <br />NOW, THEREFORE, in consideration of the premises and the mutual <br />agreements of tne parties contained herein and pursuant to the <br />authori ty granted under the Municipal Annexation Act and the Ord i- <br />nances of City referred to above, City and Company hereby agree with <br />each other as follows: <br /> <br />I. <br /> <br />Ci ty covenants, agrees and guarantees that during the term of <br />this Agreement, provided below, and subject to the terms and provi- <br />sions of this Agreement, said District shall continue and retain its <br />extraterri torial status as an industrial district, at least to the <br />extent that the same covers the land described above and belonging <br />tt, to Company and its assigns, and unless and until the status of said <br />land, or a portion or portions thereof, as an indul?trial district <br />may be changed pursuant to the terms of this Agreement. Subject to <br />
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