1961-11-27 Special Meeting - Laserfiche WebLink

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• • WHEREAS, the property formerly owned by National Petro-Chemicals Corporation and oovered by said A greement dated December 22, 1958, is now o~med by National Dis tillers and Chemical Corporation; and WHEREAS, it is deemed in the best interest of the City and the Indus tries that such Agreement be supplemented and amended as herein provided: NOW, THEREF(~iE, in consideration of the mutual covenants and agreements herein contained, the suf ficiency of which is acknowledged,. it is agreed by the parties as follows: I. The metes and bounds d®scription of the area annexed by the City in said Amended Ordinance No. 558 are altered and expanded to include addi- tional lands of the respective Industries, all as set forth in a new Or- dinance No, b37, as passed by the City Co~ni-scion of La Porte, Texas, on the date hereof, a Dopy of which is attached for all purposes. II. The said new Ordinance No. 637 is hereby substituted for all purposes for the said Amended Ordinance No. 558, enacted December 22, 1958, as referred to in and as an attachment to and part of said Agree- ment between the City and the Industries of December 22, 1858, and that Agreement is hereby ratified, confirmed and adopted by the parties here- to as the date of this Agreement, including any and all recitations, statements and admissions therein contained which are here now recog- nized as presently eai.sting, to the same extent and for the same purposes and effect as they were on December 22, 1958, SAVE AND EXCEPT only as such Agreement of December 22, 1958, is expressly amended herein to the c®ntrary. III. Article III of said Agreement dated December 22, 1958, is hereby amended to read in its entirety as follows: "During the tern: h®reaf the City will not annex or attempt to annex an3r properties now owned by the Industries or any of them, other than those included within the descriptions set out 3n said new Ordinance No. 637." IV. Article IV of said Agreement of December 22, 1958, is hereby amended by deleting the same in its entirety as it originally appears therein and substituting therefor the followibg: "The parties recognize the difficulty of ascertaini.xg with certainty the fair market value of the real and personal property of the Industries included within the corporate limits of the City, as set out in said attached ordi~ce, and desire to avoid any controversy in that respect. Wherefore, after full inspection of such properties by the City, acting through its Commission and Tax Assessor, and upon full disclosure by eadh of the Industries, it is agreed that the present