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HomeMy WebLinkAboutO-2020-IDA-114 Texas Genco Services LPORDINANCE NO. 2020-IDA;114 AN ORDINANCE AUTHORIZING THE EXECUTION BY THE CITY OF LA PORTE, TEXAS OF AN INDUSTRIAL DISTRICT AGREEMENT WITH TEXAS GENCO SERVICES LP, A TEXAS LIMITED PARTNERSHIP, 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. Texas Genco Services, LP,"-� Texas limited partnership 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 13th day of January, 2020. CITY OF L-A PORTE, TEXAS uisp. Rigby APPROVED AS TO FORM: Clark T. Askins, Assistant City Attorney S.R. Bertron - Texas Genco Services LP NO. 2020 IDA- `1 § 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 Texas Genco Services LP, a Texas limited partnership, 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 judicial 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 E 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 4 (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 41 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 (LIMA), 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 LIMA, the obligations of Company and City shall be governed by the CIMA agreement, to which agreement City is a party. 1 IV. This Agreement shall extend for a period beginning on the lst 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 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 valuations 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. X. 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. 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: Texas Genco Services LP Attention: Tax Department 804 Carnegie Center. Princeton, NJ 08540 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: Address: Phone: Fax: Email: Tax Agent/Billing Contact Name: Cummings Westlake LLC Address: 12837 Louetta Road, Suite 201 Cypress, TX 77429 Phone: 713-266-4566 Fax: 713.266-2333 Email: aevans@cwlp.net ENTERED INTO effective the lst day of January, 2020_ TEXAS GENCO SERVICES, LP, XYL/ A Texas limited partnership By NEW Gs fie e al e tL Its\ar ner By: Name: N Title: Vic sident Address: 804 Carnegie Ce Princeton. NJ 085 10 E ST CITY OF6LAWPF TEXAS DBy: Secretary Louis R. ig y Mayor 1 �r B y : nox W. Askins Corby D Alexander City Attorney City Manager City of La Porte P.O. Box 1218 CITY OF LA PORTE, TEXAS La Porte, TX 77572-1218 604 West Fairmont Parkway 281.471.1886 La Porte, TX 77571 281.471.2047 fax knoxaskins@comcast.net STATE OF TEXAS § § COUNTY OF HARRIS § "IY, Thi � instrum nt was acknowledged before me on of 'g�j , 20`q, by Dudley Zahn, Vice President of the [ day Texas Genco Services LP, a Texas limited partnership on behalf of said entity. ELIZABETH WOLFORD `1 Notary Public, State of Texas `Q Notary Public, State of Texas Comm. Expires 11-28-2022 Notary ID 125874473 11 STATE OF TEXAS COUNTY OF HARRIS This instrument was acknowledged before me on the 1131-1-� day of r- 20Pp, by Louis R. Rigb Mayo of the City of La Porte, municipal corporation, o b h if of sai ntity. ------------ LEE WOODWARD o ary Pu ic, % xas NOTARY PUBLIC * * STATE OF TEXAS MY COMM. EXP. 2/19/21 NOTARY ID 12 881012-9 12 "EXHIBIT A" (Metes and Bounds Description of Land) 12 Metes and Bounds Description 216.7 Acres (Gross), 147.5 Acres (Net) Arthur McCormick Survey, Abstract No. 46 Harris County, Texas Description of a 216.7 acre tract out of a called 462.852 acre tract described in a deed to Texas Genco Holdings, Inc. as recorded under File No. W048257 of the Harris County Official Public Records of Real Property (H.C.O.P.R.R.P.), in the Arthur McCormick Survey, Abstract No. 46, in Harris County, Texas, said 216.7 acre tract being more particularly described as follows (with bearings referenced to the Texas Coordinate System of 1983, South Central Zone): BEGINNING at an iron rod with "Carter & Burgess" cap found on the northeasterly right-of-way line of Miller Cut Off Road (60 feet wide) as recorded in Volume 181, Page 514 of the Harris County Deed Records (H.C.D.R.), said point marks the westernmost northwesterly corner of a called 106.10 acre tract described in a deed to Battleground Oil Specialty Terminal Company, LLC as recorded under File'No. 20100508094 of said H.C.O.P.R.R.P., and from which a 3/4-inch iron rod with "Reliant" cap found for the southwesterly corner of said 462.852 acre tract bears South 38' 06' 54" East, a distance of 1,460.84 feet; THENCE, North 38' 06' 54" West, along the northeasterly right-of-way line of said Miller Cut Off Road, a distance of 655.80 feet to a 3/4-inch iron pipe found for an angle point in said right-of-way line, and from which a found 2-inch iron pipe bears South 870 07' West, 2.3 feet; THENCE, North 65' 19' 30" West, continuing along said northeasterly right-of-way line, a distance of 150.67 feet to a point for the southwesterly corner of this herein described tract, said point being the southwesterly corner of said 462.852 acre tract and the southeasterly corner of a called 4.849 acre tract described in a deed to Harris County Houston Ship Channel Navigation District as recorded in Volume 5269, Page 583 of said H.C.D.R., from which a found 1-inch iron rod bears South 38° 41' East, 0.6 foot; THENCE, North 24° 16' 46" East, along the easterly line of said 4.849 acre tract and a westerly line of said 462.852 acre tract, a distance of 2,759.29 feet to a point for corner, said point being the southwesterly corner of a called 0.783 acre tract referred to as Parcel No. 2 in a deed to the Port of Houston Authority as recorded under File No. L483877 of said H.C.O.P.R.R.P., and from which a found 1-inch iron pipe (disturbed) bears North 03° 41' West, 3.6 feet; THENCE, along the common line between said 462.852 acre tract and said 0.783 acre tract, being along the meanders of a gully as follows: South 760 01' 03" East, a distance of 20.36 feet; South 12' 54' 13" East, a distance of 55.26 feet; South 38' 17' 47" East, a distance of 72.02 feet; North 15' 09' 28" West, a distance of 92.68 feet; North 12' 13' 54" East, a distance of 172.12 feet; North 63° 54' 43" East, a distance of 116.69 feet; North 39' 35' 15" East, a distance of 125.66 feet to a 3/4-inch iron rod with "Reliant" .cap found for corner; THENCE, North 29° 06' 26" West, a distance of 162.16 feet to a 3/4-inch iron rod with "Reliant" cap found for corner in the easterly line of said 4.849 acre tract and which marks the northerly corner of said 0.783 acre tract; Page 'I THENCE, North 24' 16' 46" East, along the easterly line of said 4.849 acre tract, a distance of 286.40 feet to a 3/4-inch iron rod with "Reliant" cap found for the northernmost corner of this herein described tract and being in the southerly line of a called 4.474 acre tract described in a deed to Harris County Houston Ship Channel Navigation District as recorded in Volume 5269, Page 583 of said H.C.D.R.; THENCE, South 650 42' 19" East, along a northerly line of this tract and the southerly line of said 4.474 acre tract, a distance of 278.63 feet to a 3/4-inch iron rod with "Reliant" cap found for corner, said point also being a common corner with a called 19.744 acre tract referred to as Parcel No. 3 in a deed to the Port of Houston Authority as recorded under File No. L483877 of said H.C.O.P.R.R.P.; THENCE, along a common line between said 462.852 acre tract and said 19.744 acre tract along the meanders of a gully as follows: South 220 07' 0 1 " West, a distance of 29.44 feet; South 89' 46' 55" West, a distance of 20.55 feet; North 68° 30' 18" West, a distance of 13.62 feet; North 830 07' 48" West, a distance of 25.54 feet; South 24' 27' 39" West, a distance of 22.45 feet; South 61 ° 06' 43" West, a distance of 47.04 feet; North 88' 13' 30" West, a distance of 18.55 feet; North 230 12' 18" West, a distance of 47.53 feet; South 14' 35' 24" West, a distance of 47.60 feet; South 620 23' 47" West, a distance of 10.34 feet; South 69' 45' 51" West, a distance of 31.18 feet; North 68' 13' 32" West, a distance of 49.21 feet; South 73' 43' 50" West, a distance of 46.71 feet to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 29' 26' 59" East, along said common line, a distance of 143.66 feet to a 5/8-inch iron rod found for corner; THENCE, continuing along said common line along the meanders of a gully as follows: South 76° 47' 55" East, a distance of 82.75 feet; North 400 23' 10" East, a distance of 38.75 feet; North 75' 58' 35" East, a distance of 54.54 feet to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 29° 07' 13" East, along said common line, a distance of 1,171.07 feet to a 1-inch iron rod found for corner, and from which a found 5/8-inch iron rod bears North 05' 03' East, 3.7 feet; Page 2 THENCE, North 60' 53' 37" East, along said common line, a distance of 474.61 feet to a 1-inch iron rod found for corner, and from which a found 5/8-inch iron rod bears North 100 52' East, 3.9 feet; THENCE, North 29' 06' 36" West, along said common line, a distance of 97.02 feet to a 1-inch iron rod found for corner, and from which a found 5/8-inch iron rod bears North 090 28' East, 4.0 feet; THENCE, North 30' 54' 23" East, along said common line, a distance of 267.32 feet to a 5/8-inch iron rod found for corner; THENCE, along said common line and along the meanders of a gully as follows; South 60° 04' 39" East, a distance of 92.87 feet; South 640 17' 34" East, a distance of 99.54 feet; South 66" 40' 23" East, a distance of 100.04 feet; South 640 35' 49" East, a distance of 101.98 feet; South 77' 28' 05" East, a distance of 100.36 feet; South 870 17' 58" East, a distance of 33.57 feet; South 14° 27' 23" East, a distance of 46.23 feet; South 84° 00' 27" East, a distance of 28.77 feet; North 23° 07' 06" East, a distance of 24.46 feet; South 88' 40' 07" East, a distance of 67.15 feet; North 84° 04' 45" East, a distance of 95.75 feet to a point which marks an easterly corner of said 19.744 acre tract; THENCE, continuing along the deeded line of said 462.852 acre tract as follows: South 75° 11' 32" East, a distance of 95.80 feet; South 78' 22' 32" East, a distance of 100.10 feet; South 86° 02' 32" East, a distance of 46.30 feet; South 73' 28' 32" East, a distance of 59.60 feet; South 470 24' 32" East, a distance of 46.10 feet; South 74' 27' 32" East, a distance of 40.00 feet; South 50° 44' 32" East, a distance of 11.20 feet; South 88° 37' 32" East, a distance of 35.70 feet; North 64' 53' 28" East, a distance of 62.00 feet; South 85° 36' 32" East, a distance of 41.40 feet; Page 3 South 68' 09' 32" East, a distance of 12.60 feet; South 37' 11' 32" East, a distance of 61.60 feet; South 76° 19' 32" East, a distance of 53.00 feet; South 77' 32' 32" East, a distance of 100.10 feet; South 76' 20' 32" East, a distance of 52.00 feet; South 66' 57' 32" East, a distance of 48.50 feet; South 83° 51' 32" East, a distance of 86.90 feet; South 88° 06' 32" East, a distance of 80.90 feet; South 75° 36' 32" East, a distance of 15.50 feet; South 840 25' 32" East, a distance of 37.60 feet; North 68' 53' 28" East, a distance of 35.50 feet; South 49° 10' 32" East, a distance of 23.10 feet; South 33' 40' 32" East, a distance of 88.60 feet; South 47° 29' 32" East, a distance of 77.50 feet; South 64' 33' 32" East, a distance of 49.80 feet; South 66° 40' 32" East, a distance of 18.40 feet; South 40' 54' 32" East, a distance of 17.50 feet; South 10' 12' 28" West, a distance of 83.20 feet to a 5/8-inch iron rod with cap stamped "McKim&Creed" set for a corner of a called 9.536 acre tract described in a deed to TEPPCO Terminals Company, L.P. as recorded under File No. 20100110718 of said H.C.O.P,.R.R.P.; THENCE, along the common line of said 9.536 acre tract and this herein described tract as follows: South 15' 22' 56" West, a distance of 23.82 feet to a "crows foot" set in concrete for corner; North 79' 52' 17" West, a distance of 286.98 feet to an "X" set in a metal plate for corner; North 21' 39' 02" West, a distance of 24.10 feet to a "crows foot" set on top of metal sheet piling for corner; South 81 ° 16' 53" West, a distance of 43.09 feet to a capped iron rod found for an angle point; South 57°,06' 58" West, a distance of 94.24 feet to a capped iron rod found for an angle point; South 11* 16' 18" West, a distance of 51.18 feet to a capped iron rod found for an angle point; South 79' 01' 19" East, a distance of 171.63 feet to a capped iron rod found for corner; South 09' 56' 01" West, a distance of 56.40 feet to a capped iron rod found for corner; Page 4 South 820 29' 58" East, a distance of 82.58 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for corner; South 10° 07' 56" West, a distance of 68.88 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for corner; South 790 52' 04" East, a distance of 39.80 feet to a capped iron rod found for corner; South 090 51' 58" West, a distance of 155.27 feet to an "X" set for corner in a metal plate in a concrete wall which marks the southernmost southwesterly corner of said 9.,536 acre tract; THENCE, South 80' 13' 32" East, along the most southerly line of said 9.536 acre tract, a distance of 110.50 feet to an "X" set in a concrete wall for an angle point; THENCE, South 50' 17' 05" East, continuing along said southerly line, a distance of 18.91 feet to an "X" set in a metal plate in said concrete wall for an angle point; THENCE, South 80' 14' 58" East, continuing along said southerly line, a distance of 458.18 feet to an "X" set on top of a metal post in said concrete wall for an angle point; THENCE, North 53° 11' 49" East, continuing along said southerly line, a distance of 18.83 feet to an "X" set in a metal plate in said concrete wall for an angle point; THENCE, North 10* 11' 10" East, a distance of 9.69 feet to an "X" cut in concrete set for corner; THENCE, South 82' 26' 20" East, a distance of 37.38 feet to a 3-inch diameter fence post found for the easternmost, southeasterly corner of said 9.536 acre tract; THENCE, North 10' 27' 00" East, along an easterly line of said 9.536 acre tract, a distance of 267.76 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, North 45' 49' 05" East, continuing along said easterly line, a distance of 34.17 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for corner in a northwesterly line of a called 46.68 acre tract described in a deed to Battleground Oil Specialty Terminal Company, LLC as recorded under File No. 20100508094 of said H.C.O.P.R.R.P.; THENCE, South 53' 13' 58" East, along the common line between said 46.68 acre tract and this herein described tract, a distance of 54.59 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, South 100 32' 34" West, continuing along said common line, a distance of 318.99 feet to a point for corner (point falls in the water); THENCE, continuing along said common line along the meanders of a channel as follows: South 89' 31' 21" East, a distance of 148.84 feet; South 14' 46' 22" East, a distance of 75.21 feet; South 70' 02' 51" East, a distance of 242.25 feet; South 89* 38' 44" East, a distance of 123.62 feet; South 87' 23' 08" East, a distance of 136.63 feet; Page 5 North 78' 39' 40" East, a distance of 91.99 feet; North 07° 58' 31" East, a distance of 27.09 feet; North 35° 40' 25" East, a distance of 165.75 feet; North, 62' 17' 29" East, a distance of 62.32 feet; North 45' 02' 44" East, a distance of 180.98 feet; North 77° 09' 26" East, a distance of 18.91 feet to a point for the most easterly corner of said 46.68 acre tract; THENCE, along a deed line of said 462.852 acre tract as follows (all lines are in the water): South 63' 04' 44" East, a distance of 44.39 feet; South 60' 07' 32" East, a distance of 102.40 feet; South 630 03' 32" East, a distance of 55.60 feet; South 620 57' 32" East, a distance of 90.90 feet; South 62' 04' 32" East, a distance of 100.50 feet; South 71 ° 36' 32" East, a distance of 45.00 feet; South 86' 26' 37" East, a distance of 66.72 feet; South 21 ° 14' 25" West, a distance of 710.80 feet to a point for the northeasterly corner of said 106.10 acre tract; THENCE, along a common line between said 106.10 acre tract and this herein described tract along the meanders of a channel as follows: North 63° 38' 13" West, a distance of 78.68 feet; South 22' 26' 59" West, a distance of 59.73 feet; South 36' 42' 26" West, a distance of 22.96 feet; South 55' 42' 02" West, a distance of 49.97 feet; North 87' 26' 46" West, a distance of 18.85 feet; South 720 35' 16" West, a distance of 54.90 feet; South 79' 45' 44" West, a distance of 43.55 feet; South 830 25' 14" West, a distance of 56.03 feet; North 82' 26' 53" West, a distance of 248.73 feet; North 72° 38' 53" West, a distance of 214.13 feet; North 73' 22' 51" West, a distance of 224.56 feet; Page 6 North 46° 00' 33" West, a distance of 130.79 feet; North 200 19' 42" West, a distance of 101.93 feet; North 06° 02' 29" West, a distance of 71.55 feet; North 15' 56' 25" West, a distance of 102.89 feet; North 50' 25' 05" West, a distance of 145.58 feet to a point for corner; THENCE, South 31' 41' 06" West, departing said channel along a common line of said 106.10 acre tract and this herein described tract, a distance of 30.32 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, North 81' 33' 21" West, continuing along said common line, a distance of 265.11 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, South 45' 00' 06" West, continuing along said common line, a distance of 93.88 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, North 81 ° 46' 30" West, continuing along said common line, a distance of 203.20 feet to a MAG nail set in concrete for an angle point THENCE, South 50° 28' 08" West, along said common line, a distance of 135.07 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, South 09' 59' 42" West, along said common line, a distance of 212.47 feet to a 5/8-inch iron rod with "Gullett & Assoc" cap found for an angle point; THENCE, North 85' 31' 32" West, along said common line, a distance of 123.65 feet to a chain link fence corner found for corner; THENCE, South 18' 59' 39" West, along said common line, a distance of 77.35 feet to a fence post found at an angle point in a chain link fence line; THENCE, South 21' 36' 59" West, continuing along said common line, a distance of 426.68 feet to a 5/8-inch iron rod with "Reliant" cap found for corner; THENCE, North 79' 59' 36" West, along said common line, a distance of 478.91 feet to a MAG nail set in concrete for an angle point; THENCE, South 37' 58' 55" West, along said common line, a distance of 237.71 feet to a 5/8-inch iron rod with cap stamped "McKim & Creed" set for an angle point; THENCE, North 80' 00' 16" West, along said common line, a distance of 1,866.76 feet to a MAG nail set in concrete for corner, and from which a found monument with aluminum cap bears South 06' 02' East, 5.0 feet; THENCE, South 48° 33' 12" West, along said common line, a distance of 1,169.63 feet to a 5/8-inch iron rod with "Gullett & Assoc" cap found for an angle point; THENCE, South 000 19' 29" West, continuing along said common line, a distance of 267.30 feet to a 5/8-inch iron rod with "Gullett & Assoc" cap found for an angle point; Page 7 THENCE, South 87' 40' 31" West, continuing along said common line, a distance of 257.76 feet to the POINT OF BEGINNING and containing a computed area of 216.7 acres of land. SAVE AND EXCEPT the following three tracts of land: Tract 1 —12.27 Acres (534,403 Square Feet) Description of a 12.27 acre (534,403 square feet) tract of land being all of a called 11.746 acre tract retained by Reliant Energy, Incorporated and described in the deed recorded under File No. W048257 of said H.C.O.P.R.R.P., and all of a called 0.516 acre and a 298.5 square foot tract described in a deed to CenterPoint Energy Houston Electric, LLC as recorded under File No. 20140217419 of said H.C.O.P.R.R.P., said 12.27 acre tract being more particularly described as follows: COMMENCING at the POINT OF BEGINNING of the previously described 216.7 acre tract; THENCE, North 61' 47' 57" East, a distance of 2,811.89 feet to a 3/4-inch iron rod found for the southwesterly corner of said 11.746 acre tract and the POINT OF BEGINNING of this herein described tract; THENCE, North 10' 11' 15" East, along the most westerly line of said 11.746 acre tract, a distance of 469.29 feet to a 5/8-inch iron rod with "Reliant" cap found for the northwesterly corner of this herein described tract; THENCE, South 79°48' 45" East, along a northerly line of said 11.746 acre tract, a distance of 549.82 feet to an "X" set in a metal lid for corner; THENCE, South 10' 11' 15" West, along an easterly line of said 11.746 acre tract, a distance of 79.70 feet to a 3/4-inch iron rod with "Carter Burgess" cap found for an interior corner; THENCE, South 80' 00' 35" East, along a northerly line of said 11.746 acre tract, a distance of 200.62 feet to a MAG nail found for the southwesterly corner of said 298.5 square foot tract; THENCE, North 09' 55' 26" East, along the westerly line of said 298.5 square foot tract, a distance of 149.24 feet to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 79' 45' 35" East, along the northerly lines of said 298.5 square foot tract, said 11.746 are tract and said 0.516 acre tract, a distance of 192.18 feet to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 09' 56' 23" West, along an easterly line of said 0.516 acre tract, a distance of 131.59 feet to a 5/8-inch iron rod with "Reliant" cap found for an interior corner; South 79' 54' 19" East, along a northerly line of said 0.516 acre tract a distance of 238.42 feet to a 5/8-inch iron rod with "Reliant" cap found for corner; THENCE, South 09' 57' 34" West, along the easterly lines of said 0.516 acre tract and said 11.746 acre tract, a distance of 402.96 feet to a 3/4-inch iron rod with "Reliant" cap found for the southeasterly corner of said 11.746 acre tract; THENCE, North 80' 03' 48" West, along the southerly line of said 11.746 acre tract, a distance of 1,182.54 feet to the POINT OF BEGINNING and containing a computed area of 12.27 acres (534,403 square feet) of land. Page 8 Tract 2 - 6.09 Acres (265,199 Square Feet) Description of a 6.09 acre (265,199 square feet) tract of land being all of a called 6.080 acre tract retained by Reliant Energy, Incorporated and described in the deed recorded under File No. W048257 of said H.C.O.P.R.R.P., said 6.09 acre tract being more particularly described as follows: COMMENCING at the POINT OF BEGINNING of the previously described 216.7 acre tract; THENCE, North 50' 29' 09" East, a distance of 2,291.84 feet to a 3/4-inch iron rod found for the southeasterly corner of said 6.080 acre tract and the POINT OF BEGINNING of this herein described tract; THENCE, North 79' 59' 18" West, along the southerlyline of said 6.080 acre tract, a distance of 530.76 feet to a 5/8-inch iron rod with "Carter Burgess" cap found for the southwesterly corner of this herein described tract; THENCE, North 00' 21' 39" East, along the westerly line of this tract, a distance of 124.85 feet to a 3/4- inch iron rod found for an angle point; THENCE, North 020 48' 05" East, continuing along said westerly line, a distance of 140.78 feet to a 5/8-inch iron rod with "Reliant" cap found for corner, THENCE, North 56' 20' 14" East, along a northwesterly line of this tract, a distance of 176.75 feet to a 5/8-inch iron rod with "Reliant" cap found for the beginning of a non -tangent curve to the right; THENCE, northeasterly, 125.37 feet, along the arc of said curve to the right (central angle = 10' 1 V 11 "; radius = 705.20 feet; chord bearing and distance = North 56° 59' 15" East, 125.21 feet) to a 5/8- inch iron rod with. "Reliant" cap found for the beginning of a non -tangent curve to the right; THENCE, northeasterly, 269.96 feet, along the arc of said curve to the right (central angle = 40° 38' 58"; radius = 380.51 feet; chord bearing and distance = North 80' 04' 41" East, 264.33 feet) to a 5/8- inch iron rod with "Reliant" cap found for the end of curve; THENCE, South 80' 04' 25" East, a distance of 101.53 feet to a 5/8-inch iron rod with "Reliant" cap found for the northeasterly corner of said 6.080 acre tract; THENCE, South 10' 00' 58" West, along the easterly line of said 6.080 acre tract, a distance of 560.51 feet to the POINT OF BEGINNING and containing a computed area of 6.09 acres (265,199 square feet) of land. Tract 3 — 50.9 Acres (2,217,076 Square Feet) Description of a 50.90 acre (2,217,076 square feet) tract of land out of the residue of a called 462.852 acre tract described in a deed to Texas Genco Holdings, Inc., as recorded under File No. W048257 of the Harris County Official Public Records of Real Property (H.C.O.P.R.R.P.), in the Arthur McCormick Survey, Abstract No. 46, in Harris County, Texas, said 50.90 acres being more particularly describe as follows (with bearings referenced to the Texas Coordinate System of 1983, South Central Zone. All coordinates are grid coordinates and may be converted to surface values by applying a combined scale factor of 0.9998861. All distances shown are surface distances): COMMENCING at a point on the northeasterly right-of-way line of Miller Cut -Off Road (60 feet wide) which marks the southwesterly corner of said 462.852 acre tract and the southeasterly corner of a called 4.849 acre tract described in a deed to Harris County Houston Ship Channel Navigation District as recorded in Volume 5269, Page 583, of the Harris County Deed Records (H.C.D.R.), said point having grid coordinates of North = 13,831,378.947 feet, East = 3,214,900.107 feet, and from which a found 1-inch iron rod bears South 38° 41' East, 0.6 foot; Page 9 THENCE, North 24' 16' 46" East, along a westerly line of said 462.852 acre tract and the easterly line of said 4.849 acre tract, a distance of 293.32 feet to a 5/8-inch iron rod with "McKim & Creed" cap set for the most southerly corner and "POINT OF BEGINNING" of this herein described tract, said point having grid coordinates of North = 13,831,646.292 feet, East = 3,215,020.702 feet; THENCE, North 24' 16' 46" East, continuing along the aforesaid lines and along the westerly line of this tract, at 2,416.05 feet pass a found 3/4-inch iron rod with "H.L.& P." cap, and continuing for a total distance of 2,465.97 feet to a point for corner, said point being the southwesterly corner of a called 0.783 acre tract referred to as Parcel No. 2 in a deed to the Port of Houston Authority as recorded under File No. L483877 of said H.C.O.P.R.R.P., and from which a found 1-inch iron pipe (disturbed) bears North 31' 41' West, 3.6 feet; THENCE, along the common line between said 462.852 acre tract and said 0.783 acre tract, being along the meanders of a gully as follows; South 76' 01' 03" East, a distance of 20.36 feet, to a point; South 120 54' 13" East, a distance of 55.26 feet, to a point; South 38` 17' 47" East, a distance of 72.02 feet, to a point; North 15' 09' 28" West, a distance of 92.68 feet, to a point; North 12' 13' 54" East, a distance of 172.12 feet, to a point; North 63° 54' 43" East, a distance of 116.69 feet, to a point; North 39' 35' 15" East, a distance of 125.66 feet, to a point, from which a found 3/4-inch iron rod with "Reliant" cap bears North 04' 38' West, 0.4 foot; North 29' 06' 26" West, a distance of 162.16 feet to a 3/4-inch iron rod with "Reliant" cap found in the easterly line of said 4.849 acre tract for corner; THENCE, North 24' 16' 46" East, along the common line between said 462.852 acre tract and said 4.849 acre tract, a distance of 286.40 feet to a 3/4-inch iron rod with "Reliant" cap found in a southerly line of a called 4.474 acre tract described in a deed to the Harris County Houston Ship Channel Navigation District by deed recorded in Volume 5269, Page 583, of the Harris County Deed Records which marks the northwesterly corner of this herein described tract; THENCE, South 65° 42' 19" East, along the common line between said 4.474 acre tract and said 462.852 acre tract, a distance of 278.63 feet to a 3/4-inch iron rod with "Reliant" cap found for a corner of said 462.852 acre tract and a corner of a called 19.744 acre tract referred to as Parcel No. 3 in a deed to the Port of Houston Authority as recorded under File No. L483877 of said H.C.O.P,, R.R.P.; THENCE, along the common line between said 462.852 acre tract and said 19.744 acre tract along the meanders of a gully as follows: South 22' 07' 0 1 " West, a distance of 29.44 feet, to a point; South 89° 46' 55" West, a distance of 20.55 feet, to a point; North 68' 30' 18" West, a distance of 13.62 feet, to a point; North 83° 07' 48" West, a distance of 25.54 feet, to a point; Page 10 South 24' 27' 39" West, a distance of 22.45 feet, to a point; South 61 ° 06' 43" West, a distance of 47.04 feet, to a point; North 88' 13' 30" West, a distance of 18.55 feet, to a point; North 23' 12' 18" West, a distance of 47.53 feet, to a point; South 14' 35' 24" West, a distance of 47.60 feet, to a point; South 62' 23' 47" West, a distance of 10.34 feet, to a point; South 69' 45' 51" West, a distance of 31.18 feet, to a point; North 68° 13' 32" West, a distance of 49.21 feet, to a point; South 73° 43' 50' West, a distance of 46.71 feet to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 29° 26' 59" East, continuing along said common line, a distance of 143.66 feet to a 5/8- inch iron rod with "Reliant" cap found for corner; THENCE, continuing along said common line along the meanders of a gully as follows; South 76° 47' 55" East, a distance of 82.75 feet, to a point; North 40' 23' 10" East, a distance of 38.75 feet, to a point; North 75' 58' 35" East, a distance of 54.54 feet, to a 3/4-inch iron rod with "Reliant" cap found for corner; THENCE, South 29' 07' 13" East, continuing along said common line, at 1,171.07 feet pass a 1-inch iron rod found for a southerly corner of said 19.744 acre tract, and continuing for a total distance of 1,373.29 feet to a 5/8-inch iron rod with "McKim & Creed" cap set for the southeasterly corner of this herein described tract; THENCE, South 56' 21' 11" West, along the southeasterly line of this tract, a distance of 2,618.50 feet to the POINT OF BEGINNING, and containing a computed area of 50.90 acres (2,217,076 square feet) of land. The overall tract less the three SAVE AND EXCEPT tracts leaves a net area in the overall tract of 147.5 acres of land. Page 11 "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.) 13 SW C IN FEET I .0 ------------------- I ,, MAM 'MA "T A Tir BOUNDARY SURVEY OF 196.4 ACRES (NET) OU7- OF THE ARTHUR McCORMICK SURVEY. A-46 HARRIS COUNTY, TEXAS IlW 10 G-5-2 3T ry 1-11 5 uol.a �G.e-v �u •. nm.,.a ay...e�e,.m,..,,... u,., _ � �,.rr-_-_emu, n.., wu._ .. � /'• � �/' ••\ s63;' '\ � ...v, �\ TRACT AREA �;� ..• /,/ 2,217,075 S0. FT. "A 50.90 50.90 ACRES �',i".�'* p• N- tL mci L w u, "vv i yxc c= usa�"": ,wnc'.�,ne`.°ub aw w = wr.nbrt.�. aL vem na EEee Yo —.— iuoFR uax„Av — — EYr9PW5[ — — — — • 'Lv R+�VS'Er~ LC I "U 7F'LINE WNMEi^v cc a EL[Lmfl i0nEn5 Fux, z,- Y' (L 00�iir4^EO? Fvi 26•IE '%' (Cv^OE0) R 3 MIE ALTA LAND TREE SURVEY 50.90 ACRES (2,217,076 SO.Ff.) ARTHUR MCCORNICN SURVEY, A-46 HMRIS COUNTY. TEAS "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: a) One freestanding identification sign shall be permitted for each side of an industrial establishment that fronts on an improved public right-of-way. b) Freestanding identification signs for single tenant buildings shall not exceed 150 square feet in area. c) One freestanding identification sign for identifying multiple businesses is allowable at the intersection of improved public rights -of -way. d) Freestanding identification signs for multiple businesses shall not exceed 350 square feet. e) Freestanding identification signs shall not exceed 45 feet in height. f) 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 Highway225, 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 of the development. Existing trees shall, together 14 "EXHIBIT C" Page 2 of 3 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 round 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. 16