05-22-19 LPRDA/TIRZ - Laserfiche WebLink

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"Plans and Specifications"' shall mean the designis, plans wind specifications Ibr the Public Itulprovernents Prepared or to be prepared by, engineering and landscape architect finns at the (Hrectiam of.Developer in aLcordarwe with the Project, Plan and as approved by the City in. accordance with Section 42. "Pledged Available Tax Increirient." shall mean the Available,, Tax Incren-Lent aftnibutable to t1te Pro* �ectl Site, Property Account" means an account within. the Tax. Increment Revenue Fund for deposit of.pledged Available'rax][ncrement, the proceeds (.,)f Authorized Bonds issued to finance J?ublic traprovemerants pursuant to this Agreement, and other obligations issued pursuant to A .11 '11 .6, and earnings froni tlu.,, invit stment ofstu, h amounts. "Project Costs" shall mean the cost of the Public lrrnprovcrnenh%. "Project Site" shall mean that certain tract of land located at 1831 N Hwy 1.4-6., LaPorte, Harris County, "I"exas being aPIM-rc:)ximately 20 acres as idepicted on Extidbit A, and all improventents located thereon, which such tract sluill be the location where the Project w.i.11.1 be developed. "Public in-liprovernents"' shall have the meaning provided in Article 3 of this.A.I; reement. "State" sball mean the State orrexas., "I'ax [ricrement" shall have the meaning given such term. in the'l.'ri-.1113arty Agreement. -rax Ii.,icrement Revenue Fund" shall mean the,, special, fund. established by the Autho nity and.fiaided with payrnents made by the City arid. any other participating Taxing Units, pursuarit to the r:ri ?arty Agreement. "Taxing Unit" shallmean individually and. collectively, the City, La .1113orte Independent School. Distnet, and any other taxing units participating in. the Zone., 1-2 Ular . . . . and .......... Plural. Words used he.rein in the singular, where the Context so . ...... . . ...... peffnits, also in the plural and vice versa. The definitions of words in the singular herein also ap ,ply to such words when used in the plural wtoe the context so permitsand vice versa. ARTICLE 2 .11[tF,.I.:"".RF,S.ENT,'.A,'`IONS 101g�ent.afio.nu. s. of the Authh. t [- 'I"he Authority hereby, represents to the Developer t1lat: (A) The Authonty is duly atitho:6zed, created wid existing :in. good standing under the laws of the State and is duly qualified and authorized to carry on. the governry-ii.ental ffinctions and operations as contemplated by this .Agreenient, 3 HWUS:74002297.3