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<br />NO. 2007-IDA- IOD S <br /> s <br />STATE OF TEXAS S <br /> S <br />COUNTY OF HARRI S S <br /> <br />INDUSTRIAL DISTRICT AGREEMENT <br /> <br />This AGREEMENT made and entered into by and between the CITY <br />OF LA PORTE, TEXAS, a municipal corpo;r-atJo:o. of ~rris County, <br />Texas, hereinafter calJ..eq "CITY", and , l-1iR.bn~ t.)elfTCE <br />r a ~eDa~l~ corporationr hereinafter <br />called "COMPANYlI, '-J <br /> <br />WIT N E SSE T H: <br /> <br />WHEREASr it is the established policy of the city Council of <br />the city of La Porte, Texas 1 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 thereinl 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 citizens; and <br /> <br />WHEREASr pursuant to its policYI city has enacted Ordinance <br />No. 7291 designating portions of the area located in its <br />extraterritorial jurisdiction as the "Battleground Industrial <br />District of La Porter Texas"l and Ordinance No. B42AI designating <br />portions of the area located in its extraterritorial jurisdiction <br />as the "Bayport Industrial District of La Porter Texas" 1 <br />hereinafter collectively called "Districtllr such Ordinances.being <br />in compliance with the Municipal Annexation Act of Texasr codified <br />as Section 42.044r 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 1 said land being <br />legally described on the attached Exhibit "A" (hereinafter <br />"Land"); and said Land being more particularly shown on a plat <br />attached as Exhibit "B" , which plat describes the ownership <br />boundary lines; a site layoutr showing all improvements, including <br />pipelines and railroadsr and also showing areas of the Land <br />previously annexed by the City of La Porte; and <br /> <br />WHEREASr 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 ~I 2007 <br /> <br />1 <br />