1981-03-04 Regular Meeting - Laserfiche WebLink

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• • • Industrial District Agreement - 3 the foregoing and and to the later provisions of this Agreement, City does further covenant, agree and guarantee that such industrial district, to the extent that it covers said land lying within said District and not now within the corporate limits of City, or to be annexed under the provi- sions of Article II hereof, shall be immune-from annexation by City during the term hereof (except as hereinafter provided) and shall have no right to have extended to it any services by~City, and that all of said land, including that which has been heretofore or which may be annexed pursuant to the later provisions of this Agreement, shall not have extended to it by ordinance any rules and regulations (a) governing plats and subdivisions of land, (b) prescribing any building, electrical, plumbing or inspection ce or codes, or (c) attempting to exercise in any manner whatever control over the conduct of business thereon, provided., however, it is agreed that City shall have the right to institute or intervene in any judicial proceeding authorized by the Texas Water Code or the Texas Clean Air Act to the same extent and to the same intent and effect as if all land covered by this Agreement were located within the corporate limits of City. During the term of this Agreement, Company agrees to use said land only for the ?ermitted Uses set forth in Exhibit A hereto, and not to use said land for sny Prohibited Use set forth in said Exhibit A. II. (A) All or a portion of the hereinabove described property has hereto- =ore been annexed by City. At such time or times as any improvements to t~above-described property are completed and placed in use, Company .sill file with City its petition to annex a portion of the above-described property, and City will disannex and annex portions of such property in accordance with such petition, to the end that twenty-five percent (250) of the total value of the land and improvements hereinabove described shall at all times be annexed to City. Company agrees to render and pay full City ad valorem taxes on such annexed land and improvements, and tangible personal property. . (1) For tax year 1981, Company also agrees to render and pay an additional amount "in lieu of taxes" on Company's land, improvements, and tangible personal property in the un- ~~