08-25-99 La Porte Reinvestment Zone Number One

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" i: not extend to any dedication of revenue from the Tax Increment Fund by the La Porte Zone for projects outside the La Porte Zone, unless Harris County agrees to participate in the dedication. D. Board of Directors Notwithstanding anything to the contrary in City of La Porte Ordinance No. 99-2325, which created the La Porte Zone, pursuant to the provisions of Section 311.009( a), Texas Tax Code, Harris County shall have the unequivocal right to appoint and thereafter at all times maintain one (1) member on the La Porte Zone Board of Directors. Harris County may also appoint and maintain as many non-voting ex officio members on the La Porte Zone Board of Directors as Harris County may desire. V. OBLIGATIONS OF CITY AND LA PORTE ZONE A. Project Plan Any member of the Harris County Commissioners Court may review and comment upon any amendment to the Project Plan before any amendments thereto are submitted to the City Council for City approval. The City agrees to provide Harris County with a copy of any proposed amendments at least 14 days prior to their submission to the City Council for approval. B. Disposition of Tax Increments Upon termination of the La Porte Zone, and after all bonded indebtedness of the La Porte Zone has been paid, the City and the La Porte Zone shall pay to Harris County, within sixty (60) days of said termination, all monies remaining in the Tax Increment Fund that are attributable to the Harris County Tax Increment Participation paid by Harris County into the Tax Increment Fund. C. Audits The City shall provide to Harris County a copy of each of the audits required by the Agreement by and between the City of La Porte, Texas, Reinvestment Zone Number One, City of 6