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HomeMy WebLinkAboutO-2020-IDA-04 Du Pont De Nemours and Company D.B.A. Corteva AgriscienceORDINANCE NO. 2020-IDA-04 AN ORDINANCE AUTHORIZING THE EXECUTION BY THE CITY OF LA PORTE, TEXAS OF AN INDUSTRIAL DISTRICT AGREEMENT WITH E. I. DU PONT DE NEMOURS AND COMPANY D.B.A. CORTEVA AGRISCIENCE, A DELAWARE CORPORATION, FOR THE TERM COMMENCING JANUARY 1, 2020, AND ENDING DECEMBER 31, 2031; MAKING VARIOUS FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS Section 1. E.I. Du Pont de Nemours and company d.b.a. Corteva Agriscience, a Delaware corporation has executed an industrial district agreement with the City of La Porte, Texas, for the term commencing January 1, 2020, and ending December 31, 2031, a copy of which is attached hereto, incorporated by reference herein, and made a part hereof for all purposes. Section 2. The Mayor, the City Manager, the City Secretary, and the City Attorney of the City of La Porte, Texas, be and they are hereby, authorized and empowered to execute and deliver on behalf of the City of La Porte, Texas, the industrial district agreement with the corporation named in Section 1 hereof. Section 3. 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 city for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. Section 4. This Ordinance shall be effective from and after its passage and approval, and it is so ordered. PASSED and APPROVED, this 28t" day of October, 2019. CITY OF P TE, TEXAS Loui R. Rigby, Nkajr ATTEST: 4Leoodward, City Sec .11 APPROVED AS TO FORM: Clark T. Askins, Assistant City Attorney NO. 2020 IDA-Q " STATE OF TEXAS ' COUNTY OF HARRIS INDUSTRIAL DISTRICT AGREEMENT This AGREEMENT made and entered into by and between the CITY OF LA PORTE, TEXAS, a municipal corporation of Harris County, Texas, hereinafter called "CITY", and E. I. du Pont de Nemours and Company d.b.a. Corteva Agriscience a Delaware corporation, hereinafter called "COMPANY", W I T N E S S E T H: WHEREAS, it is the established policy of the City Council of the City of La Porte, Texas, to adopt such reasonable measures from time to time as are permitted by law and which will tend to enhance the economic stability and growth of the City and its environs by attracting the location of new and the expansion of existing industries therein, and such policy is hereby reaffirmed and adopted by this City Council as being in the best interest of the City and its citizens; and WHEREAS, pursuant to its policy, City has enacted Ordinance No. 729, designating portions of the area located in its extraterritorial jurisdiction as the "Battleground Industrial District of La Porte, Texas", and Ordinance No. 842A, designating portions of the area located in its extraterritorial jurisdiction as the "Bayport Industrial District of La Porte, Texas", hereinafter collectively called "District", such Ordinances being in compliance with the Municipal Annexation Act of Texas, codified as Section 42.044, Texas Local Government Code; and WHEREAS, Company is the owner of land within a designated Industrial District of the City "of La Porte, said land being legally described on the attached Exhibit "A" (hereinafter "Land"); and said Land being more particularly shown on a plat attached as Exhibit "B", which plat describes the ownership boundary lines; a site layout, showing all improvements, including pipelines and railroads, and also showing areas of the Land previously annexed by the City of La Porte; and WHEREAS, City desires to encourage the expansion and growth of industrial plants within said Districts and for such purpose desires to enter into this Agreement with Company pursuant to Ordinance adopted by the City Council of said City and recorded in the official minutes of said City: NOW, THEREFORE, in consideration of the premises and the mutual agreements of the parties contained herein and pursuant to the authority granted under the Municipal Annexation Act and the Ordinances of City referred to above, City and Company hereby agree with each other as follows: I. City covenants, agrees and guarantees that during the term of this Agreement, provided below, and subject to the terms and provisions of this Agreement, said District shall continue to retain its extraterritorial status as an industrial district, at least to the extent that the same covers the Land belonging to Company and its assigns, unless and until the status of said Land, or a portion or portions thereof, as an industrial district may be changed pursuant to the terms of this Agreement. Subject to the foregoing and to the later provisions of this Agreement, City does further covenant, agree and guarantee that such industrial district, to the extent that it covers said Land lying within said District and not now within the corporate limits of City, shall be immune from annexation by City during the term hereof (except as hereinafter provided) and shall have no right to have extended to it any services by City, and that all Land, including that which has been heretofore annexed, shall not have extended to it by ordinance any rules and regulations (a) governing plats and subdivisions of land, (b) prescribing any building, electrical, plumbing or inspection code or codes, or (c) attempting to exercise in any manner whatever control over the conduct of business thereon; provided, however, 1) any portion of Land constituting a strip of land 100' wide and contiguous to either Fairmont Parkway, State Highway 225, or State Highway 146, shall be subject to the rules and regulations attached hereto as Exhibit "C" and made a part hereof, 2) intermodal shipping containers (including but not limited to freight and tank containers) placed on Land belonging to Company shall be permitted to be stacked only two containers in height within the 100' wide portion of Company's Land contiguous to either Fairmont Parkway, State Highway 225, or State Highway 146; beyond said 100' wide strip, intermodal shipping containers shall be eligible to be stacked one additional container in height within and for each successive 100' wide portion of Company's Land behind and following the preceding 100' wide strip, up to a maximum of six containers in height, regardless of distance from Fairmont Parkway, State Highway 225, or State Highway 146; and 3) it is agreed that City shall have the right to institute or intervene in any administrative and/or judicl'al proceeding authorized by the Texas Water Code, the Texas Clean Air Act, the Texas Health & Safety Code, or other federal or state environmental laws, rules or regulations, to the same extent and to the same intent and effect as if all Land covered by this Agreement were not subject to the Agreement. II. In the event that any portion of the Land has heretofore been annexed by City, Company agrees to render and pay full City ad valorem taxes on such annexed Land and improvements, and tangible personal property. Under the terms of the Texas Property Tax Code (S.B. 621, Acts of the 65th Texas Legislature, Regular Session, 1979, as amended), the appraised value for tax purposes of the annexed portion of Land, improvements, and tangible personal property shall be K determined by the Harris County Appraisal District. The parties hereto recognize that said Appraisal District has no authority to appraise the Land, improvements, and tangible personal property in the unannexed area for the purpose of computing the "in lieu" payments hereunder. Therefore, the parties agree that the appraisal of the Land, improvements, and tangible personal property in the unannexed area shall be conducted by City, at City's expense, by an independent appraiser of City's selection. The parties recognize that in making such appraisal for "in lieu" payment purposes, such appraiser must of necessity appraise the entire (annexed and unannexed) Land, improvements, and tangible personal property. Nothing herein contained shall ever be interpreted as lessening the authority of the Harris County Appraisal District to establish the appraised value of Land, improvements, and tangible personal property in the annexed portion, for ad valorem tax purposes. A. The properties upon which the "in lieu of" taxes are assessed are more fully described in subsections 1, 2, and 3 of subsection C, of this Paragraph III (sometimes collectively called the "Property"); provided, however, pollution control equipment installed on the Land which is exempt from ad valorem taxation pursuant to the provisions of Sec. 11.31 of the Texas Property Tax Code is exempt from ad valorem taxation and "in lieu of taxes" hereunder. Property included in this Agreement shall not be entitled to an agricultural use exemption for purposes of computing "in lieu of taxes" hereunder. B. On or before the later of December 31, 2020, or 30 days from mailing of tax bill and in like manner on or before each December 31st thereafter, through and including December 31, 2031, Company shall pay to City an amount of "in lieu of taxes" on Company's Property as of January 1st of the current calendar year ("Value Year") . C. Company and City agree that the following percentages ("Percentage Amount") shall apply during each of the Value Years: Value Year 2020: 64% Value Year 2021: 64% Value Year 2022: 64% Value Year 2023: 64% Value Year 2024: 64% Value Year 2025: 64% Value Year 2026: 64% Value Year 2027: 64% Value Year 2028: 64% Value Year 2029: 64% Value Year 2030: 64% Value Year 2031: 64% Company agrees to pay to City an amount of "in lieu of taxes" on Company's land, improvements and tangible 3 personal property in the unannexed area equal to the sum of: 1. Percentage Amount of the amount of ad valorem taxes which would be payable to City if all of the Company's Land and improvements which existed on January 1, 2020, and each January 1 thereafter of the applicable Value Year during the term of this Agreement, (excluding amounts which would be so payable with respect to any Substantial Increase in value of such Land and improvements to which subparagraph 2, below applies), had been within the corporate limits of City and appraised each year by City's independent appraiser, in accordance with the applicable provisions of the Texas Property Tax Code; and 2. (a) On any Substantial Increase in value of the Land, improvements, and tangible personal property (excluding inventory) dedicated to new construction, -in excess of the appraised value of same on January 1, 2019, resulting from new construction (exclusive of construction in progress, which shall be exempt from taxation), for each Value Year following completion of construction in progress, an amount equal to Thirty percent (30%), where construction is completed in Value Years 2020 through 2031, of the amount of ad valorem taxes which would be payable to City if all of said new construction had been within the corporate limits of City and appraised by City's independent appraiser, in accordance with the applicable provisions of the Texas Property Tax Code. The eligible period for application of said thirty percent (30%) "in lieu" rate shall be for a total of six (6) Value Years. In the case of new construction which is completed in Value Year 2028 or later, and provided, further, that City and Company enter into an Industrial District Agreement after the expiration of this Industrial District Agreement, then, and in such events, such new construction shall be entitled to additional Value Years under the new Agreement at a Thirty percent (30%) valuation under this subparagraph (a), for a total of six (6) Value Years, but not extending beyond Value Year 2034. In the case of new construction which was completed in Value Years 2016 through 2019 in accordance with the previous Industrial District Agreement between City and Company, such new construction shall be subject to a Twenty percent 20%)valuation through Value Year 2022, and a Thirty (30%) valuation for any additional Value Years beyond Value Year 2022, for a total of six m (6) Value Years. (b) Application of the thirty percent (30%) "in lieu" rate for Substantial Increase in value of the Land, improvements, and tangible personal property dedicated to new construction is limited to new construction purposed for or related to manufacturing and processing uses. In no case shall Company be entitled to application of the thirty percent (30%) "in lieu" rate for Substantial Increase in value of the Land, improvements, and tangible personal property dedicated to new construction where the new construction is purposed for or related to uses for warehousing, storage, distribution, and/or general freight trucking and transportation, as well as general commercial uses, such as truck stops, rental facilities, or repair shops. (c) A Substantial Increase in value of the Land, improvements, and tangible personal property (excluding inventory) as used in subparagraph 2(a) above, is defined as an increase in value that is the lesser of either: i. at least Five percent (5%) of the total appraised value of Land and improvements, on January 1, 2019; or ii. a cumulative value of at least $3,500,000.00. For the purposes of this Agreement, multiple projects that are completed in a Value Year can be cumulated to arrive at the amount for the increase in value. (d) If existing Property values have depreciated below the Property value established on January 1, 2019, an amount equal to the amount of the depreciation will be removed from the calculation under this subparagraph 2 to restore the value to the January 1, 2019, value; and 3. Percentage Amount of the amount of ad valorem taxes which would be payable to City on all of the Company's tangible personal property of every description, located in an industrial district of City, including, without limitation, inventory, (including inventory in a federal Foreign Trade Zone and including Freeport exempted inventory), oil, gas, and mineral interests, items of leased equipment, railroads, pipelines, and products in storage located on the Land, if all of said tangible personal property which existed on January 1, 2020, and each January 1 thereafter of the applicable Value Year during the term of this Agreement, (excluding amounts which would be so payable with respect to any Substantial Increase in value of such tangible personal property to which subparagraph 2, above applies), had been within the corporate limits of City and appraised each year by the City's independent appraiser, in accordance with the applicable provisions of the Texas Property Tax Code. with the sum of 1, 2 and 3 reduced by the amount of City's ad valorem taxes on the annexed portion thereof as determined by appraisal by the Harris County Appraisal District. 4. Notwithstanding the above, should City elect to grant the freeport inventory exemption authorized by Article VIII, Section 1-j of the Texas Constitution and Section 11.251 of the Texas Property Tax Code to taxpayers within the City limits, then the freeport inventory exemption shall apply to parties to this Agreement. Further, should inventory or any other class or type of property become exempt from taxation by constitutional amendment or act of the Texas Legislature (including, but not limited to, Article VIII, Section 1-n, of the Texas Constitution and Section 11.253 of the Texas Property Tax Code), such class or type of property shall be exempt for purposes of this Agreement, unless the City Council of the City of La Porte shall by Ordinance provide for the continued taxation of such property under the authority of any applicable provisions of the Texas Constitution and Texas Statutes. 5. City and Company acknowledge circumstances might require the City to provide emergency services to Company's Property described on Exhibit "A" attached hereto. Emergency services are limited to fire, police, and public works emergency services. If Company is not a member of Channel Industries Mutual Aid Association (CIMA), Company agrees to reimburse City for its costs arising out of any emergency response requested by Company to Company's property, and to which City agrees to respond. If Company is a member of CIMA, the obligations of Company and City shall be governed by the CIMA agreement, to which agreement City is a party. IV. This Agreement shall extend for a period beginning on the 1st day of January, 2020, and continuing thereafter until December 31, 2031, unless extended for an additional period or periods of time upon mutual consent of Company and City, as provided by the Municipal Annexation Act; provided, however, that in the event this Agreement is not so extended for an additional period or periods of time on or before August 31, 2031, the agreement of City not to annex property of Company within the District shall terminate. In that event, City shall have the right to commence immediate annexation proceedings as to all of Company's property covered by this Agreement, notwithstanding any of the terms and C provisions of this Agreement. Company agrees that if the Texas Local Government Code Section Chapter 42.044 `Creation of Industrial District in Extraterritorial Jurisdiction", or Texas Local Government Code Chapter 43 "Municipal Annexation", is amended, or any new legislation is thereafter enacted by the Legislature of the State of Texas which imposes greater restrictions on the right of City to annex land belonging to Company or imposes further obligations on City in connection therewith after the annexation of such land, Company will waive the right to require City to comply with any such additional restrictions or obligations and the rights of the parties shall be then determined in accordance with the provisions of said laws as the same existed on January 1, 2019. V. This Agreement may be extended for an additional period or periods by agreement between City and Company and/or its assigns even though it is not extended by agreement between City and all of the owners of all land within the District of which it is a part. VI. A. In the event Company elects to protest the valuation for tax purposes set on its said properties by City or by the Harris County Appraisal District for any year or years during the terms hereof, nothing in this Agreement shall preclude such protest and Company shall have the right to take all legal steps desired by it to reduce the same. Notwithstanding such protest by Company, and except as otherwise provided in Article VI(B), Company agrees to pay to City on or before the date therefore hereinabove provided, at least the total of (a) the total amount of ad valorem taxes on the annexed portions, plus (b) the total amount of the "in lieu of taxes" on the unannexed portions of Company's hereinabove described property which would be due to City in accordance with the foregoing provisions of this Agreement on the basis of renditions which shall be filed by Company. When the City or Harris County Appraisal District (as the case may be) valuation on said property of Company has been so finally determined, either as the result of final judgment of a court of competent jurisdiction or as the result of other final conclusion of the controversy, then within thirty (30) days thereafter Company shall make payment to City of any additional payment due hereunder, or City shall make payment to Company of any refund due, as the case may be, based on such final valuation, together with applicable penalties, interests, and costs. B. Should Company disagree with any appraisal made by the independent appraiser selected by City pursuant to Article II above (which shall be given in writing to Company), Company shall, within twenty (20) calendar days of receiving City's invoice, give written notice to the City of such disagreement. In the event 7 Company does not give such written notice of disagreement within such time period, the appraisal made by said independent appraiser shall be final and controlling for purposes of the determination of "in lieu of taxes" payments to be made under this Agreement. Should Company give such notice of disagreement, Company shall also submit to the City with such notice a written statement setting forth what Company believes to be the market value of Company's hereinabove described property. Both parties agree to thereupon enter into good faith negotiations in an attempt to reach an agreement as to the market value of Company's property for "in lieu" purposes hereunder. If, after the expiration of thirty (30) days from the date the notice of disagreement was received by City, the parties have not reached agreement as to such market value, the parties agree to submit the dispute to final arbitration as provided in subparagraph 1 of this Article VI (B) . Notwithstanding any such disagreement by Company, Company agrees to pay to City on or before December 31 of each year during the term hereof, at least the total of (a) the ad valorem taxes on the annexed portions, plus (b) the total amount of the "in lieu" payments which would be due hereunder on the basis of Company's written valuation -a statement submitted to City by Company hereunder, or the total assessment and "in lieu of taxes" thereon for the last preceding year, whichever is higher. 1. A Board of Arbitrators shall be created composed of one person named by Company, one by City, and a third to be named by those two. In case of no agreement on this arbitrator in 10 days, the parties will join in a written request that the Chief Judge of the U.S. District Court for the Southern District of Texas appoint the third arbitrator who, (as the "Impartial Arbitrator") shall preside over the arbitration proceeding. The sole issue to be determined in the arbitration shall be resolution of the difference between the parties as to the fair market value of Company's property for calculation of the "in lieu" payment and total payment hereunder for the year in question. The Board shall hear and consider all relevant and material evidence on that issue including expert opinion, and shall render its written decision as promptly as practicable. That decision shall then be final and binding upon the parties, subject only to judicial review as may be available under the Texas General Arbitration Act (Chapter 171, "General Arbitration", Texas Civil Practice and Remedies Code). Costs of the arbitration shall be shared equally by the Company and the city, provided that each party shall bear its own attorneys fees. VII. City shall be entitled to a tax lien on Company's above described property, all improvements thereon, and all tangible personal property thereon, in the event of default in payment of "in lieu of taxes" payments hereunder, which shall accrue penalty and interest in like manner as delinquent taxes, and which shall be collectible by City in the same manner as provided by law for delinquent taxes. VIII. This Agreement shall inure to the benefit of and be binding upon City and Company, and upon Company's successors and assigns, affiliates and subsidiaries, and shall remain in force whether Company sells, assigns, or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the property belonging to it within the territory hereinabove described, and the agreements herein contained shall be held to be covenants running with the land owned by Company situated within said territory, for so long as this Agreement or any extension thereof remains in force. Company shall give City written notice within ninety (90) days, with full particulars as to property assigned and identity of assignee, of any disposition of the Land, and assignment of this Agreement. IX. If City enters into an Agreement with any other landowner with respect to an industrial district or enters into a renewal of any existing industrial district agreements after the effective date hereof and while this Agreement is in effect, which contains terms and provisions more favorable to the landowner than those in this Agreement, Company and its assigns shall have the right to amend this Agreement and City agrees to amend same to embrace the more favorable terms of such agreement or renewal agreement. M. The parties agree that this Agreement complies with existing laws pertaining to the subject and that all terms, considerations and conditions set forth herein are lawful, reasonable, appropriate, and not unduly restrictive of Company's business activities. Without such agreement neither party hereto would enter into this Agreement. In the event any one or more words, phrases, clauses, sentences, paragraphs, sections, articles or other parts of this Agreement or the application thereof to any person, firm, corporation or circumstances shall be held by any court of competent jurisdiction to be invalid or unconstitutional for any reason, then the application, invalidity or unconstitutionality of such words, phrase, clause, sentence, paragraph, section, article or other part of the Agreement shall be deemed to be independent of and separable from the remainder of this Agreement and the validity of the remaining parts of this Agreement shall not be affected thereby. XI. Upon the commencement of the term of this Agreement, all other previously existing industrial district agreements with respect to E said Land shall terminate. XII. Notices by a party to the other party hereto, shall be mailed or delivered as follows: To the City of La Porte: City Manager City of La Porte 604 West Fairmont Parkway La Porte, TX 77571 To Company: E. I. du Pont de Nemours and Company d.b.a. Corteva Agriscience (COMPANY) Attention: Micheal Ford Department —Tax Company shall promptly notify City of any change of ownership of Property, any assignment of this Agreement, and of any change of billing address. Company shall notify City annually, on or before June 1, of any changes to the following information: Plant Manager Name: R. Alex Ator Address: 12501 Strang Rd La Porte, tx 77572-0347 Phone: 281-470-3211 Fax: Email: R-Alex.Ator@corteva.com Tax Agent/Billing Contact Name: Ford _Michael Address: P.O. Box 2909 Wilmington, DE 19805-0909 Phone: Fax: Email: Michael.Ford@corteva.com ENTERED INTO effective the lst day of January, 2020. E. I. du Pont de Nem"andmpany d.b.a. Corteva Ag By:Name:_ Title: -Plant Manager Address:_12501 Strang Road LaPorte, TX 77572 10 4AiTEST: CITY 0 TEBy: ecretary ouis R. Ri by Mayo APPROVED: L �� A��y' Knox W. Askins j Corby D Alexan r City Attorney City Manager City of La Porte P.O. Box 1218 La Porte, TX 77572-1218 281.471.1886 281.471.2047 fax knoxaskins@comcast.net STATE OF TEXAS COUNTY OF HARRIS CITY OF LA PORTE, TEXAS 604 West Fairmont Parkway La Porte, TX 77571 I► This instrument was acknowledged before me on the I) 1!) day of , 20by 11►max (-�4-C f Qj4.4 of IC jtNd Co corporation, a corporation, on behalf of said entity. ..,.�. Notary Public, State of Texas DEBRA A. KIRKPATRICK MY COMMISSION EXPIRES =•r .�: SEPTEMBER 19, 2021 NOTARY 10. 10983279 11 STATE OF TEXAS ' COUNTY OF HARRIS' This instrument was acknowledged before me on the4 u day of 20a, by Louis R. Rigby, Mayor of the City of La Porte, a municipal corporation, oi�) behalf) of said e No a>�y P'ub-lic, State oil Texas LEE WOODWARD PU NOTARY PUBLIC * STATE OF TEXAS oF��h MY COMM. EXP. 2/19/21 NOTARY ID 12681012-9 12 "EXHIBIT A" (Metes and Bounds Description of Land) Included on next pages Metes & Bounds for 490 acrea main parcel and 8.5 acre parcel. 12 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Surrey, Abstract No.5 Harris County, Texas DESCRIPTION Of 503.230 acres of land being out of a called 822.154 acres tract conveyed by deed dated April 27, 1944 to E.I. Du Pont de Nemours and Company, as recorded in Volume 1318, Page 364 of the Deed Records of Harris County, Texas, and being out of a called 101.9390 acres (net 97.477 acres) conveyed by deed dated December 21, 1967 to E.I. Du Pont de Nemours and Company, as recorded in Volume 7034, Page 10 of the Deed Records of Harris County, Texas, and being all of Lots 1, 2, a portion of Lot 3, a portion of Lot 55, and all of Lots 56, 57, and 58 of Strang Subdivision as recorded in Volume 75, Page 22 of the Deed Records of Harris County, Texas. Tracts or Parcels acquired within said Lots being comprised of all or portions of the following tracts conveyed to E.I. DU PONT DE NEMOURS & COMPANY, as recorded in Harris County Clerks File number (H.C.C.F. No.) of the Deed Records of Harris County, Texas; Called 1.6728 Acres Called 3.0333 Acres Called 0.3413 Acres Called 0.3685 Acres Called 6.1913 Acres Called West 150' Lot 56 Called West 162.75 of the East 325.5' of Lot 57 Called Tract 4, Parcel A & the East 162.75' of Lot 57 Called 0.4662 Acres Ramsey's Addition No. 1- Vol Called 0.474 Acres Lots 7, 8 & 9, Blk.1 Called Parcels 1,2,&3 Lots 3 & 4, Blk. 1 Lot 12 & 38 feet of Lot 11, Blk. 2 Called Tracts 1 & 2 Called Tracts 1, 2, 4, & 5 Called 0.1400 Acres Called N. 35' Lot 4 & S. 35' Lolt 5, Blk. 2 Lots 1 & 58, Strang Strang Road R.O.W 10/25/1976 H.C.C.F.No. E933251 07/12/1978 H.C.C.F.No. F678783 09/21/1977 H.C.C.F.No. F309517 09/21/1977 H.C.C.F.No. F309519 10/03/1974 H.C.C.F.No. E274648 04/01/1974 H.C.C.F.No. E119241 4/01/1974 H.C.C.F.No. E119243 10/11/1973 H.C.C.F.No. E007094 01/12/2009 H.C.C.F.No.20090012560 345, Pg. 31 H.C.D.R. 10/20/2016 H.C.C.F.No.2016-475101 08/16/1991 H.C.C.F.No. N282133 04/13/1976 H.C.C.F.No. E734463 04/13/1976 H.C.C.F.No. E734466 07/09/1997 H.C.C.F.No. S539247 11/20/1975 H.C.C.F.No. E613651 11/20/1975 H.C.C.F.No. E606500 08/30/1974 H.C.C.F.No. E248302 11/20/1975 H.C.C.F.No. E606499 05/27/1970 H.C.C.F.No. D118586 10/26/1971 H.C.C.F.No. D448640 503.230 ACRES 1 of 7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas BEGINNING at a 5/8 inch iron rod found for the southwest corner of said 101.9390 acres, same being in the south line of a called 250' wide Easement to Houston Lighting & Power Company (H.C.C.F. No. D332601), said iron rod being in the east line of Sens Road (60' R.O.W.), said iron rod also being the northwest corner of a called 10.673 acres tract conveyed by deed dated January 30, 2013 to Northeast Real Property as recorded in Harris County Clerks File 20130050851 of the Deed Records of Harris County, Texas. Said 503.230 acres being situated in the Enoch Brinson Survey, Abstract No. 5, Harris County, Texas and being more particularly described by metes and bounds as follows: Said beginning point having DuPont Plant Grid coordinate values N - 1374.853, W - 7058.243 (Bearings and distances based on DuPont Plant Grid coordinates); THENCE North 000 01' 37" East along the east line of said Sens Road, passing at a distance of 625.05 feet (called 625.60') a 4"x 4" concrete monument stamped "DuPont" for the northwest corner of said 101.9390 acres, same being in the south line of said 822.154 acres and continuing in all for a total distance of 2392.67 feet to a 5/8 inch iron rod with LJA cap set for corner; THENCE North 89' 31' 44" East a distance of 658.46 feet (called 657.73') along the south line of a called 14.3641 acres tract conveyed from E.I. Du Pont de Nemours and Company to Noltex, LLC, as recorded in Harris County Clerks File 20110526587 of the Deed Records of Harris County, Texas to a 5/8 inch iron rod with LSI cap found for corner; THENCE North 000 04' 42" East a distance of 506.49 feet along the east line of said 14.3641 acres to a 5/8 inch iron rod with LSI cap found for corner; THENCE North 890 55' 18" East a distance of 200.06 feet along an interior line of said 14.3641 acres to a 5/8 inch iron rod with LSI cap found for corner; THENCE North 000 04' 42" East a distance of 341.78 feet (called 344.33') along the east line of said 14.3641 acres to a 5/8 inch iron rod with LJA cap set for corner in the south line of Strang Road (60' R.O.W.); THENCE North 890 44' 00" East a distance of 805.88 feet along the south line of said Strang Road to a 5/8 inch iron rod with LJA cap set for corner; THENCE North 000 16' 48" West a distance of 60.00 feet along the west line of the former Strang Road (east of this line now private - H.C.C.F. No. D448640) to a 5/8 inch iron rod with LJA cap set for corner; THENCE South 890 44' 00" West a distance of 1437.50 feet along the north line of said Strang Road to a 5/8 inch iron rod with LJA cap found for corner; THENCE North 00' 19' 44" East a distance of 729.23 feet along the east line of a called 4.052 acres tract conveyed by deed dated October 05, 2007 to Houston Petrochemicals, Inc., as recorded in Harris County Clerks File 20070607841 of the Deed Records of Harris County, Texas to a PK Nail found in the centerline of bulkhead at San Jacinto Bay; 503.230 ACRES 2 of 7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas THENCE along the centerline of said bulkhead, the following calls; (Mean Higher High Water or MHHW) elevation determined to be 2.52 feet and is based on Harris County Flood Plain Reference Mark No. 060035, Elev. 20.06, NAVD 88, 2001 Adjustment. MHH elevation at time of this survey is between the water surface and the top of bulkhead; South 770 51' 38" East a distance of 100.86 feet to a PK nail found for corner; South 80' 00' 07" East a distance of 115.01 feet to a PK nail found for corner; South 84' 08' 24" East a distance of 212.71 feet to a PK nail found for corner; South 87' 51' 32" East a distance of 49.41 feet to a PK nail found for corner; South 880 37' 00" East a distance of 388.42 feet to a PK nail found for corner; North 890 33' 32" East a distance of 119.98 feet to a PK nail found for corner; North 880 31' 03" East a distance of 330.07 feet to a PK nail found for corner; South 060 12' 46" East a distance of 4.88 feet to a PK nail found for corner; South 89' 18' 07" West a distance of 40.38 feet to a PK nail found for corner; South 030 42' 55" East a distance of 20.61 feet to a PK nail found for corner; North 89' 35' 16" East a distance of 60.94 feet to a PK nail found for corner; North 000 43' 12" West a distance of 20.98 feet to a PK nail found for corner; North 89° 53' 33" East a distance of 89.84 feet to a PK nail found for corner; North 890 35' 51" East a distance of 97.33 feet to a PK nail found for corner; North 890 37' 14" East a distance of 9.10 feet to a 100D nail found for the northwest corner of a called 6.9959 acres Memorandum of Ground Lease between El DU PONT AND COMPANY ("Landlord"), and KURARAY AMERICA, INC., ("Tenant") dated May 27, 2014 as recorded in Harris County Clerks File 2014023322 of the Deed Records of Harris County, Texas; North 890 39' 34" East a distance of 456.44 continuing along the north line of said 6.9959 acres feet to a PK nail found for corner; North 820 52' 57" East a distance of 70.01 feet to a PK nail found for the northeast corner of said 6.9959 acres, same being in the east line of said Lot 58 and the west line of said 822.154 acres; North 800 04' 27" East a distance of 417.41 feet to a PK nail set for corner; North 790 48' 43" East a distance of 41.70 feet to a PK nail set for corner; North 800 19' 06" East a distance of 101.78 feet to a PK nail set for corner; South 86' 56' 27" East a distance of 105.26 feet to a PK nail set for corner; North 880 37' 23" East a distance of 401.63 feet to a PK nail set for corner; South 890 43' 31" East a distance of 140.22 feet to a PK nail set for corner; South 11 ° 41' 22" East a distance of 11.51 feet to a PK nail set for corner; North 89' 45' 46" East a distance of 4.70 feet to a PK nail set for corner; North 130 41' 57" East a distance of 11.23 feet to a PK nail set for corner; South 870 34' 36" East a distance of 302.13 feet to a PK nail set for corner; South 740 22' 11" East a distance of 118.37 feet to a PK nail set for corner; South 280 35' 25" East a distance of 10.40 feet to the end of bulkhead; THENCE along the meanders of the Mean Higher High Water line (MHHW elevation at time of this survey is to be within the within the rip -rap area adjacent to property) the following calls; South 75' 12' 01" East a distance of 105.66 feet to a point for corner; 503.230 ACRES 3of7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas South 63' 39' 28" East a distance of 100.03 feet to a point for corner; South 590 02' 40" East a distance of 99.62 feet to a point for corner; South 48' 33' 31" East a distance of 216.37 feet to a point for corner; South 320 55' 52" East a distance of 97.96 feet to a point for corner; South 310 12' 20" East a distance of 111.14 feet to a point for corner; South 16' 04' 23" East a distance of 94.25 feet to a point for corner; South 060 20' 19" East a distance of 121.40 feet to a point for corner; South 22' 39' 31" East a distance of 68.62 feet to a point for corner; South 02' 00' 24" East a distance of 152.40 feet to a point for corner; South 22' 44' 18" East a distance of 66.35 feet to a point for corner; South 330 18' 46" East a distance of 106.73 feet to a point for corner; South 440 24' 33" East a distance of 53.47 feet to a point for corner; South 640 41' 00" East a distance of 43.59 feet to a point for corner; North 720 02' 28" East a distance of 31.36 feet to a point for corner; North 630 18' 16" East a distance of 211.52 feet to a point; THENCE South 170 03' 22" West a distance of 222.05 feet across a manmade peninsula and along the west line of a called 5.833 acres tract Lease Agreement dated April 1, 1960 between HOUSTON SHIP CHANNEL NAVIGATION DISTRICT, "Lessor" and E.I. DU PONT DE NEMOURS & COMPANY, "Lessee", unrecorded instrument provided by DuPont, to a 5/8 inch iron rod with LJA cap set for corner; THENCE South 620 07' 38" East a distance of 204.72 feet along the south line of said 5.833 acres to point for corner; South 68' 25' 11 " West a distance of 117.88 feet continuing along meanders to a point for corner; South 290 20' 22" West a distance of 104.97 feet to the centerline beginning of a bulkhead for corner; THENCE along the centerline of said bulkhead, the following calls; South 180 43' 48" East a distance of 265.55 feet to a PK Nail set for corner; South 780 43' 00" East a distance of 44.47 feet to a PK Nail set for corner; North 690 19' 02" East a distance of 209.53 feet to a PK nail set for corner; North 660 44' 03" East a distance of 202.77 feet to a PK nail set for corner; North 640 09' 42" East a distance of 40.53 feet to a PK nail set for corner; South 120 44' 35" West a distance of 9.37 feet to a PK Nail set for corner; North 83' 46' 20" East a distance of 41.02 feet to a PK nail set for corner; North 030 22' 13" West a distance of 9.01 feet to a PK nail set for corner; South 74' 42' 12" East a distance of 171.81 feet to a PK Nail set for corner; South 030 43' 42" East a distance of 88.90 feet to a PK Nail set for corner; South 610 12' 11 " East a distance of 282.48 feet to a PK Nail set for corner; South 230 22' 11" West a distance of 4.40 feet to the end of bulkhead; THENCE along the meanders of the Mean Higher High Water line the following calls; South 670 58' 46" East a distance of 94.95 feet to a point for corner; South 590 38' 28" East a distance of 93.42 feet to a point for corner; South 540 14' 28" East a distance of 291.95 feet to a point for corner; South 590 55' 01 " East a distance of 98.03 feet to a point for corner; 503.230 ACRES 4 of 7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas South 580 03' 22" East a distance of 194.19 feet to a point for corner; South 670 18' 25" East a distance of 77.31 feet to a point for corner; South 05° 26' 15" East a distance of 18.00 feet to a point for corner; South 090 41' 14" West a distance of 97.57 feet to a point for corner; South 480 37' 51" West a distance of 12.79 feet to a point for corner; South 140 23' 33" West a distance of 14.64 feet to a point for corner; South 500 43' 45" East a distance of 11.12 feet to a point for corner; North 750 03' 57" East a distance of 11.30 feet to a point for corner; North 22' 11' 35" West a distance of 9.82 feet to a point for corner; North 370 58' 04" East a distance of 104.06 feet to a point for corner; North 73' 29' 50" East a distance of 7.82 feet to a point for corner; South 710 34' 24" East a distance of 42.36 feet to a point for corner; North 870 28' 54" East a distance of 46.78 feet to a point for corner; North 440 10' 21" East a distance of 10.75 feet to a point for corner; South 71 ° 22' 34" East a distance of 28.85 feet to a point for corner; South 540 59' 26" East a distance of 88.29 feet to a point for corner; South 100 15' 17" West a distance of 50.35 feet to a point for corner; South 01 ° 52' 57" West a distance of 24.35 feet to a point for corner; North 800 09' 09" East a distance of 22.51 feet to a point for corner; North 680 19' 29" East a distance of 42.99 feet to a point for corner; North 610 38' 50" East a distance of 34.08 feet to a point for corner; North 540 17' 51" East a distance of 100.42 feet to a point for corner; North 17° 48' 31" East a distance of 108.41 feet to a point for corner; North 430 00' 40" East a distance of 45.02 feet to a point for corner; South 800 10' 52" East a distance of 57.58 feet to a point for corner; South 530 57' 14" East a distance of 111.76 feet to a point for corner; South 420 51' 20" East a distance of 61.22 feet to a point for corner; South 10" 56' 05" East a distance of 53.94 feet to a point for corner; South 300 55' 46" West a distance of 66.06 feet to a point for corner in the northwest line of State Highway 146 (R.O.W. Varies); THENCE South 480 12' 10" West a distance of 1112.78 feet along said State Highway 146 to a 5/8 inch iron rod with LJA cap set for corner; THENCE North 000 52' 49" West a distance of 55.25 feet continuing along said State Highway 146 to a 5/8 inch iron rod with LJA cap set for corner; THENCE South 360 41' 17" West a distance of 456.46 feet continuing along said State Highway 146 to a 5/8 inch iron rod with LJA cap set for corner; THENCE North 53' 27' 04" West a distance of 18.28 feet continuing along said State Highway 146 to a 5/8 inch iron rod with LJA cap set for corner; THENCE South 410 32' 33" West a distance of 260.00 feet continuing along said State Highway 146 to a 5/8 inch iron rod with LJA cap set for the beginning of a curve to the left; 503.230 ACRES 5of7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas THENCE continuing along said State Highway 146, along said curve having a radius of 3990.01 feet, a central angle of 7° 13' 55", a chord bearing and distance of S 37' 55' 36" W — 503.28 feet, and an arc length of 503.61 feet to a '/2 inch iron rod found for corner in the south line of said 101.9390 acres; THENCE North 89' 57' 15" West along the south line of said 101.9390 acres and said 250' wide easement for a distance of 5648.53 feet to the PLACE OF BEGINNING of herein described tract of land and containing within these calls 503.230 acres or 21,920,707 square feet of land, save and except 10.867 acres conveyed to D.B. WERSTERN INC. — TEXAS, said 10.867 acres more fully described as follows, leaving a net acreage of 490.380; Save & Except 10.867 acres of land being all of that a called 10.8667 acres tract conveyed by deed dated May 9, 2000 from E.I. DU PONT DE NEMOURS AND COMPANY to D.B. WERSTERN INC. — TEXAS as recorded in Harris County Clerks File U386471 of the Deed Records of Harris County, Texas. Said 10.867 acres being situated in the Enoch Brinson Survey, Abstract No. 5, Harris County, Texas and being more particularly described by metes and bounds as follows: (Bearings based on E.I. DU PONT DE NEMOURS plant grid coordinates); COMMENCING at a 5/8 inch iron rod found for the southwest corner of said 101.9390 acres, same being in the south line of a called 250' wide Easement to Houston Lighting & Power Company (H.C.C.F. No. D332601), said iron rod being in the east line of Sens Road (60' R.O.W.), said iron rod also being the northwest corner of a called 10.673 acres tract conveyed by deed dated January 30, 20132 to Northeast Real Property as recorded in Harris County Clerks File 20130050851 of the Deed Records of Harris County, Texas; THENCE North 00' 01' 37" East along the east line of said Sens Road and the west line of said 101.9390 acres a distance of 250.00 feet to a point for corner in the north line of said 250' wide Easement; THENCE South 890 57' 15" East a distance of 2862.34 feet along the north line of said 250' wide Easement to a 5/8 inch iron rod with LJA cap set for the southwest corner and PLACE OF BEGINNING of the herein described tract having DuPont Plant Grid coordinate values N - 1622.569, W - 4195.785; THENCE North 00' 14' 34" East a distance of 53.98 feet along the west line of said 10.8667 acres to a 5/8 inch iron rod with LJA cap set for the beginning of a curve to the right; THENCE along the west line of said 10.8667 acres and said curve having a radius of 421.60 feet, a central angle of 45' 48' 05", a chord bearing and distance of N 23' 08' 36" E — 328.12 feet, and an arc length of 337.02 feet to a 5/8 inch iron rod with LJA cap set for corner; THENCE along the northwesterly line of said 10.8667 acres the following calls; North 390 01' 22" East a distance of 34.08 feet to a 5/8 inch iron rod with LJA cap set for corner; North 470 27' 43" East a distance of 50.88 feet to a 5/8 inch iron rod with LJA cap set for corner; North 500 51' 46" East a distance of 73.87 feet to a 5/8 inch iron rod with LJA cap set for corner; 503.230 ACRES 6 of 7 09/25/2018 503.230 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas North 530 58' 12" East a distance of 84.15 feet to a 5/8 inch iron rod with LJA cap set for corner; North 580 38' 58" East a distance of 66.52 feet to a 5/8 inch iron rod with LJA cap set for corner; North 58' 55' 39" East a distance of 25.26 feet to a 5/8 inch iron rod with LJA cap set for corner; THENCE South 89' 45' 08" East a distance of 564.97 feet along the north line of said 10.8667 acres to a 5/8 inch iron rod with HC SMITH RPLS 1228 cap found; THENCE South 000 00' 43" West a distance of 558.66 feet along the east line of said 10.8667 acres to a 5/8 inch iron rod with LJA cap set for corner in the north line of said 250' wide Easement; THENCE North 890 57' 15" West a distance of 956.78 feet along the south line of said 10.8667 acres and north line of said 250' wide Easement to the PLACE OF BEGINNING of herein described tract of land and containing within these calls 10.867 acres of land. WITNESS MY HAND AND SEAL THIS THE 271h DAY SEPTEMBER, 2018 SCOT LOWE, R.P.L.S. No. 5007 T.B.P.L.S. Firm No. 10193971 NOTE: Metes and bounds description prepared in conjunction with survey dated September 27, 2018 Project No. LJAS011-1801 503.230 ACRES 7of7 09/25/2018 8.545 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas DESCRIPTION Of 8.545 acres of land being out of and a part of that certain residue of E. I. Du Pont de Nemours and Company called 83.2619 acre tract of land (Parcel 1), more fully described and recorded in Clerk's File Number E679845 of the Official Public Records of Harris County, Texas. Said 8.545 acre tract of land being situated in the Enoch Brinson Survey, Abstract No. 5, Harris County, Texas and being more particularly described as follows: (Bearings and distances based on DuPont Plant Grid coordinates); COMMENCING at a 5/8-inch iron rod found for the Southwest corner of said 83.2619 acre tract and that certain National Distillers & Chemical Corporation called 36.4562 acre tract of land (Parcel 3), recorded in Clerk's File No. K905991 of said Official Public Records, being in the North right-of-way line of Strang Road (Public Right -of -Way); Thence South 890 48' 11" East along and with the South line of said 83.2619 acre tract, the South line of said 36.4562 acre tract and said North right-of-way line of Strang Road, passing at a distance of 1625.18 feet a 5/8-inch iron rod found for the Southeast corner of said 36.4562 acre tract, being in the Northwesterly right-of-way line of a Humble Pipeline Company called 2.95 acre tract, more fully described and recorded in Volume 2361, Page 475 of the Deed Records of Harris County, Texas, and being a Southwest corner of that certain called 6.3327 acre tract of land (Parcel 1 - Save and Except Tract 1), more fully described and recorded in said Clerk's File No. E679845 of said Official Public Records, passing at 1688.58 feet the Southeasterly line of said 2.95 acre tract and a Southeasterly corner of said 6.3327 acre tract, continuing for a total distance of 2178.61 feet to a point in the South line of said 83.2619 acre tract and said North right-of-way line of Strang Road, from which a found 1-inch iron rod bears South 89' 48' 11" East 34.63 feet being at the intersection of the South line of said 83.2619 acre tract, same being said North right-of- way line of Strang Road with the West line of that certain Humble Pipeline Company called 2.624 acre tract, more fully described and recorded in Volume 2367, Page 177 of said Deed Records, same being the Southwest corner of said 6.3327 acre tract; Thence North 000 11' 49" East over and across said 83.2619 acre tract a distance of 24.82 feet to a point for the Southwest corner and PLACE OF BEGINNING of the herein described tract having DuPont Plant Grid coordinate values N - 4691.765, W - 8714.570; THENCE North 11 ° 23' 00" East over and across said 83.2619 acre tract a distance of 825.07 feet to a point for the most Western Northwest corner of the herein described tract, being in the Southeasterly right-of-way line of said 2.95 acre tract and a Southeasterly line of said 6.3327 acre tract; THENCE North 38' 08' 41" East along and with the Southeasterly line of said 2.95 acre tract and said 6.3327 acre tract, a distance of 96.61 feet to a 1-inch iron rod found for angle corner of the herein described tract and said 2.95 acre tract, same being in the West line of said 2.624 acre tract and said 6.3327 acre tract; THENCE North 510 41' 12" East over and across said 2.624 acre tract and said 6.3327 acre tract a distance of 77.96 feet to a 1-inch iron rod found for an angle corner of said 2.624 acre tract and 6.3327 acre tract, being the most Northern Northwest corner of the herein described tract; 8.545 ACRES 1 of 3 09/25/2018 8.545 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas THENCE South 820 34' 18" East over and across said 83.2619 acre tract a distance of 219.35 feet to a 1-inch iron rod found for the Northeast corner of the herein described tract, and being an angle corner in the West line of a called 1.7426 acre tract (Parcel 1 - Save and Except Tract 2), more fully described and recorded in said Clerk's File Number E679845 of said Official Public Records; THENCE South 00' 00` 04" West along the West line of said 1.7426 acre tract, a distance of 906.18 feet to a point for the Southeast corner of the herein described tract; THENCE North 890 50' 30" West along and with the North line of said 1.7426 acre tract and the South line of the herein described tract, passing at 405.42 feet a found 1-inch iron rod in the East line of said 2.624 acre tract and said 6.3327 acre tract, being the most Southern Northwest corner of said 1.7426 acre tract, passing at 458.17 feet the West line of said 2.624 acre tract and said 6.3327 acre tract, continuing a total distance of 501.18 feet to the PLACE OF BEGINNING, containing 8.545 acres of land, more or less, save and except 1.0738 acres lying in said Humble Pipeline Company called 2.624 acre tract and said 6.3327 acre tract, more fully described as follows, leaving a net acreage of 7.4712; Save & Except 1.0738 Acres 1.10738 acres being out of and a part of that certain Humble Pipeline Company called 2.624 acre tract of land, more fully described and recorded in Volume 2367, Page 177 of the Deed Records of Harris County, Texas, and that certain 6.3327 acre tract (Parcel 1 - save and except Tract 1), more fully recorded and described in Film Code No. E679845 of the Official Public Records of Harris County, Texas. Said 1.0738 acre tract of land being situated in the Enoch Brinson Survey, Abstract No. 5, Harris County, Texas and being more particularly described as follows: COMMENCING at a 5/8-inch iron rod found for the Southwest corner of that certain 83.2619 acre tract (Parcel 1), more fully described in said Clerk's File No. E679845 of said Official Public Records and that certain National Distillers & Chemical Corporation called 36.4562 acre tract of land (Parcel 3), more fully described and recorded in Clerk's File No. K905991 of said Official Public Records, being in the North right-of-way line of Strang Road (Public Right -of -Way); Thence South 890 48` 11" East along and with the South line of said 83.2619 acre tract, the South line of said 36.4562 acre tract and said North right-of-way line of Strang Road, passing at a distance of 1625.18 feet a 5/8-inch iron rod found for the Southeast corner of said 36.4562 acre tract, being in the Northwesterly right-of-way line of a Humble Pipeline Company called 2.95 acre tract, more fully described and recorded in Volume 2361, Page 475 of the Deed Records of Harris County, Texas, and being a Southwest corner of said 6.3327 acre tract of land, passing at 1688.58 feet the Southeasterly corner of said 2.95 acre tract and said 6.3327 acre tract, continuing for a total distance of 2213.24 feet to a found 1-inch iron rod at the intersection of said South line of 83.2619 acre tract, being in said North right-of-way line of Strang Road with the Southwest line of said 2.624 acre tract, same being a Southwest corner of said 6.3327 acre tract; 8.545 ACRES 2of3 09/25/2018 8.545 ACRES E.I. DU PONT DE NEMOURS Enoch Brinson Survey, Abstract No.5 Harris County, Texas Thence North 180 45' 51" East, along and with the West line of said Humble Pipeline 2.624 acre tract and said 6.3327 acre tract, a distance of 26.21 feet to a point for the Southwest corner and PLACE OF BEGINNING of the herein described tract having DuPont Plant Grid coordinate values N — 4691.646, W — 8671.556; THENCE North 180 45' 51" East, along and with the West line of said 2.624 acre tract and said 6.3327 acre tract, a distance of 10.18 feet to a point for an angle corner of the herein described tract, same being an angle corner for said 2.624 acre tract and 6.3327 acre tract; THENCE North 110 23' 00" East, continuing along and with said West line of 2.624 acre tract and said 6.3327 acre tract, a distance of 892.86 feet to a 1-inch iron rod found for the Northwest corner of the herein described tract, being in the West line of said 2.624 acre tract and an angle corner for said 6.3327 acre tract and said 2.95 acre tract; THENCE North 510 41' 12" East over and across said 2.624 acre tract and said 6.3327 acre tract a distance of 77.96 feet to a 1-inch iron rod found for an angle corner of said 2.624 and 6.3327 acre tracts, being the Northeast corner of the herein described tract; THENCE South 11 ° 23' 00" West along and with the East line of said 2.624 acre tract and said 6.3327 acre tract, a distance of 952.15 feet to a 1-inch iron rod for the Southeast corner of the herein described tract; THENCE North 890 50' 30" West over and across said 2.624 acre tract and said 6.3327 acre tract a distance of 52.75 feet to the PLACE OF BEGINNING, containing 1.0738 acres of land, more or less. WITNESS MY HAND AND SEAL THIS THE 271h DAY SEPTEMBER, 2018 SCOT LOWE, R.P.L.S. No. 5007 T.B.P.L.S. Firm No. 10193971 NOTE: Metes and bounds description prepared in conjunction survey dated September 27, 2018 Project No. LJAS011-1801 8.545 ACRES 3 of 3 "EXHIBIT B" Attach Plat reflecting the ownership boundary lines; a site layout, showing all improvements, including pipelines and railroads, and also showing areas of the Land previously annexed by the City of La Porte.) Included on next page, DuPont Property map W 1800042. 13 _ oT .oz aB k� -F' E n3: r� r _- -Ml< r o r m o r m m �u I ?7<Nm -o amm D C S < z — O ^ r - rn oomz - m-Tl N z Ln \D4 .m, S! N Z7 zmo �A' g.0 70 n 1♦il w 0 R W I° I P P Ix P la Is le la Is la re mm�m�mmmmmm "EXHIBIT C" Page 1 of 3 RULES AND REGULATIONS Any portion of Land constituting a strip of land 100' wide and contiguous to either Fairmont Parkway, State Highway 225, or State Highway 146 shall be subject to the following rules and regulations pertaining to new signage, screening, driveways and median crossovers, as well as the stacking of intermodal shipping containers. These rules and regulations shall apply after the effective date of this Agreement when Company develops or constructs improvements on vacant Land described in Exhibit "A" which is adjacent to Fairmont Parkway, State Highway 225, or State Highway 146. 1. Any sign erected in said 100' strip of land shall be subject to the following provisions: c� One freestanding identification sign shall be permitted for each side of an industrial establishment that fronts on an improved public right-of-way. Freestanding identification signs for single tenant buildings shall not exceed 150 square feet in area. One freestanding identification sign for identifying multiple businesses is allowable at the intersection of improved public rights -of -way. c Freestanding identification signs for multiple businesses shall not exceed 350 square feet. (Z Freestanding identification signs shall not exceed 45 feet in height. (Z Minimum setback for sign construction shall be ten (10) feet from property lines. 2. Intermodal shipping containers (including by not limited to freight and tank containers) shall be permitted to be stacked only to a maximum of two (2) containers in height in the said 100' strip. In those instances where shipping containers are placed within the said 100' wide strip, the screening requirements established in paragraph 3 immediately below shall apply. 3. When Land adjacent to said 100' strip is developed, the initial 50' of said strip beyond any existing pipeline easement contiguous to either Fairmont Parkway, State Highway 225, or State Highway 146 shall be screened by one of the following techniques: a) Leaving in place existing trees, vegetation, underbrush, etc. to provide a thorough and effective visual screening 14 "EXHIBIT C" Page 2 of 3 of the development. Existing trees shall, together with other vegetation and underbrush, create a continuous visual screen. b) The use of earthen berms with approximately 3:1 side slopes, 50' wide at the base and 8' high. The berms may be landscaped with a combination of trees, shrubs, and ground cover. All berms and landscaping will be maintained by the property owners. c) A screening plan, to be approved by the City, that includes a combination of trees, shrubs, and ground cover that after 5 years growth will be at least 20 feet in height and shall, together with shrubs and ground cover, create a continuous visual screen. Provided, however, in public utility easements or rights -of -way, the vegetation shall be installed and maintained in a manner which is acceptable to the public utility company, and does not interfere with the operation and maintenance of the public utility facilities. For items b and c above, the actual length of required screening along the roadway will be equal to the length of the new development that is parallel to the roadway. Screening shall not be required for new development that is to the rear of or behind existing facilities. In all cases the 50' strip, along the entire roadway frontage, shall be dedicated as a landscape easement and shall be kept free from any improvements except for approved driveway access and identification signs. For cases of new development or improvements where a 50' landscape easement is not available or practical, Company shall meet with City to determine a suitable landscaping alternative. d) In the case of land contiguous to Fairmont Parkway, in addition to the other requirements of these Rules and Regulations, Company shall dedicate to City by Plat a ten foot (10') wide pedestrian and bicycle easement, extending along Company's Fairmont Parkway boundary, within the fifty foot (50') landscape easement. The pedestrian easement shall not be within any pipeline facility, except for necessary crossings. 4. Driveways opening from said strip of land onto State Highway 225 or State Highway 146 shall be subject to the rules and regulations of the Texas Department of Transportation and provisions of the City's Code of Ordinances, whichever is more restrictive. 15 "EXHIBIT C" Page 3 of 3 Driveways opening from said strip of land onto Fairmont Parkway shall be subject to the rules and regulations of Harris County and provisions of the City's Code of Ordinances, whichever is more restrictive. 5. Driveways opening from said strip of land onto Fairmont Parkway shall be approved by the City and may require the installation of separate acceleration/deceleration lanes. 6. Installation of a median crossover on Fairmont Parkway shall be subject to the approval of both Harris County and City. I[: