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No Meeting Packet, La Porte TIRZ, Development Agreement (HMH La Porte Land LLC)
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No Meeting Packet, La Porte TIRZ, Development Agreement (HMH La Porte Land LLC)
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5/24/2021 10:12:38 AM
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La Porte TX
Document Type
Agenda PACKETS
Date
5/6/2021
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<br />WHEREAS, the Developer desires to proceed with a single-family residential and <br />commercial Project <br />the time that the Authority can issue its bonds or otherwise pay the costs of the Public <br />Improvements (as defined herein); <br />NOW THEREFORE, for and in consideration of the mutual promises, covenants, <br />obligations, and benefits of this Agreement, the Zone, the Authority and the Developer contract <br />and agree as follows: <br />AGREEMENT <br />ARTICLE 1 <br />GENERAL TERMS <br />1.1 <br />- <br />meanings: <br />or more series pursuant to Section 6.1(H) of this Agreement. <br /> <br />accordance with the Plans and Specifications so that the Project can be used and maintained for <br />its intended purposes. Completion shall be approved by the City and certified by the engineering <br />firm engaged by Developer to make such certification. <br />hired by Developer to complete the Public Improvements. A contract progress payment must be <br />supported not only by a report of a certified public accountant as required in Section 6.1(B), but <br />also by customary documentation including, but not limited to, the name and address of the <br />contractor, a description of the contract pursuant to which the payment is requested, the amount <br />of such payment, the original contract amount, total payments made to date on such contract, an <br />estimate of remaining work to be completed, the cost of such work, and customary lien and <br />subcontractor releases. <br />Harris County, Texas. <br />Developer pursuant to Section 6.1 of this Agreement and shall include any interest payable <br />thereon as prescribed in this Agreement. <br />Harris County Appraisal District. <br /> <br /> <br />2 <br />011782.0153271 EMF_US 84032577v3 <br /> <br />
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