1989-03-13 Public Hearing and Regular Meeting

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r� L C� ORDINANCE NO. 1603 Page 3 described, legally described as that portion of the alley adjacent to Lot Thirty-two (32), Block Eleven Hundred One (1101), TOWN OF LA PORTE, Harris County, Texas, for a term ending the 31st day July, 1997. No portion of such sign shall encroach upon a public right- of-way. The location, construction and operation of such sign shall conform to all applicable codes of the City of La Porte, and requirements of Houston Lighting & Power Company. McDonald's Corporation shall promptly remit to the City of La Porte, all net rentals received by it under said lease agreement between McDonald's Corporation and La Porte State Bank. Section 6. This Ordinance shall be effective only upon (1) the purchase of Lots Twenty (20) through Thirty-two (32), Block Eleven Hundred One (1101), TOWN OF LA PORTE, Harris County, Texas, by McDonald's Corporation; (2) the execution and delivery of an easement by McDonald's Corporation to Houston Lighting & Power Company; (3) the execution by McDonald's Corporation of an agreement for landscaping of the "conservation setback" areas; (4) the execution of a mutually agreeable sign lease between McDonald's Corporation and La Porte State Bank; and (5) the delivery of the $5,811.00 cash performance guarantee as provided for in Section 3 hereof. Section 7. McDonald's Corporation, acting herein by and through its duly authorized officer, joins in the execution of this license agreement, to evidence its agreement and consent to the terms and provisions hereof. Section 8 Except as expressly set forth herein, this Ordinance shall not limit or otherwise mitigate the provisions of any other applicable City of La Porte ordinance or regulation including, but not limited to, the terms and provisions of Ordinance No. 1501, the City of La Porte Zoning Ordinance. Section 9. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the