1987-12-07 Workshop Meeting and Called Regular Meeting

Browse Search

ei . 7-~' Industrial District Agreement -.2 upon which tract(s) Company has either constructed an industrial plant(s) or contemplates the construction of an industrial plant(s); and WHEREAS, pursuant to its policy, City has enacted Ordinance No. 729, designating portions of the area located ,in its extraterritorial .,.~ jurisdiction as the "Battleground Industrial District of La Porte, Texas,i' arid Ordinance No. 842~- designating portions of the area located in' "its extraterritorial jurisdiction as the "Bayport Indus- . trial 'Di's'e-rict of La Porte i' Texas, l.t, c-here-inafter collectively ncal-led "Dis trict," such Ord inances being in compl iance wi th the Munic ipal . ' innex'a't~iHi{' Act'; of ,. Texas /~~~Articie' 9 70a, Vernons Annotated Rev ised Civil Statutes of Texas; and ~1HEREAS, Ci ty desire~ to encourage the expansion and growth of industrial plants \vi thin said District and for such purpose desires to enter into this Agreement wi th Company pursuant to Resolution adopted by the City Commission of said' City and recorded in the official minutes of said City: "N01V~ THEREFORE, in conside~'~tion of the premises and the mutual agreements of the parties contained herein and pursuant to the authori ty granted under the Hunicipal Annexation" Act, and the Ord i- nances of City referred to above, City and Company hereby agree with each other as follows: I. City covenants, ag,r~es and guarantees that during the term of this l\greement, provided belo,..., and subject to the terms and provi- sions of this Agreement, said District shall continue and retain its extra'territorial status as an industrial dist'rict, at least to the extent that the same covers the land describcd above and belonging to Company ann its assigns, and unless and until the status of said land, or u portion or portions thereof, as an industrial district may be changcd pursuant to the terms of this l\greement. Subj ec t tc