05-24-21 Regular Meeting of the La Porte Development Corporation Board

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ECONOMIC DEVELOPMENT SERVICES AGREEMENT THIS Economic Development Services Agreement ("Agreement") is made and entered into by and between the ECONOMIC ALLIANCE HOUSTON PORT REGION, a Texas non-profit corporation; 203 Ivy Avenue, Ste 200, Deer Park, Texas 77536 (hereinafter "THE ECONOMIC ALLIANCE"), and the City of La Porte, Texas and the La Porte Economic Development Corporation; 604 Fairmont Parkway, La Porte, Texas 77571, (hereinafter "THE CITY"). WHEREAS, THE ECONOMIC ALLIANCE is a non-profit corporation organized to promote economic development with an emphasis on performance in the southeast portion of Harris County, and; WHEREAS, THE CITY promotes economic development in La Porte, Harris County, Texas; and; WHEREAS, THE CITY seeks assistance to fulfill its economic development initiatives in La Porte, Texas; and WHEREAS, THE ECONOMIC ALLIANCE is qualified and willing to perform such assistance functions, NOW THEREFORE, in consideration of the covenants and conditions stated herein, and in consideration of the mutual benefits that will accrue to each of the parties hereof, as well as to the citizens of La Porte, Texas, the Parties have agreed and do hereby agree as follows: ARTICLE I Goals Section 1.0 L THE CITY represents its goals in its Economic Development Program to include, but may not be limited to the following: a. Creating economic diversification to provide for stable, consistentand balanced growth; b. Building La Porte's business/commercial tax base; c. Retaining existing jobs; d. Creating an economic climate conducive to the development and growth of business investment and commerce; e. Enhancing the quality of life for all citizens residing or working within La Porte, Texas; f. Promoting La Porte, Texas as the location of choice for new, expanding and relocating businesses;