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<br />NO. 2007-IDA-~ ~ <br />9 <br />STATE OF TEXAS 9 <br />9 <br />COUNTY OF HARRIS 9 <br /> <br />INDUSTRIAL DISTRICT AGUBlfERT <br /> <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA PORTE, TEXAS, a municipal corporation of Harris County, <br />Texas, hereinafter called "CITYI!, and .:5frQ/-1!J Pe~0pJ+? ~"-,,..j LY/(" <br />, a --te.A-'Cf .s corporation, hereinafter <br />called "COMPANY", <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, it is the established pOlicy of the city Council of <br />the city of La Porte, Texas, to adopt such reasonable measures <br />from time to time as are permitted by law and which will tend to <br />enhance the economic stability and growth of the City and its <br />environs by attracting the location of new and the expansion of <br />existing industries therein, and such policy is hereby reaffirmed <br />and adopted by this city council as being in the best interest of <br />the-City and its citizensj and <br /> <br />WHEREAS, pursuant to its policy, city has enacted Ordinance <br />No. 729, designating portions of the area located in its <br />extraterritorial jurisdiction as the "Battleground Industrial <br />District of La Porte, TexasR, and Ordinance No. 842A, designating <br />portions of the area located in its extraterritorial jurisdiction <br />as the "Bayport Industrial District of La Porte, Texas II , <br />hereinafter collectively called "District", such Ordinances-being <br />in compliance with the Municipal.Annexation Act of Texas, codified <br />as Section 42~' 044, Texas Local. . Government Code; and <br /> <br />WHEREAS r Company. is the owner of land within a designated <br />Industrial District of the City of La Porte, said land being <br />legally described on the attached Exhibit RAn (hereinafter <br />"Land n); and said Land being more particularly shown on a plat <br />attached as Exhibit nB., which plat describes the ownership <br />boundary lines; a site layout, showing all improvements, including <br />pipelines and railroads, and also showing areas of the Land <br />previously annexed by the City of La Porte; and <br /> <br />WHEREAS, City desires to encourage the expansion and growth <br />of industrial plants within said Districts and for such purpose <br />desires to enter into this Agreement with Company pursuant to <br />Ordinance adopted by the City Council of said City and recorded in <br />the official minutes of said City: <br /> <br />FINAL DRAFT: November 1, 2007 <br /> <br />1 <br />