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Ordinance No. 12,827ORDINANCE NO. 12,827 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, AUTHORIZING AND DIRECTING THE ACTING CITY MANAGER TO EXECUTE AND THE CITY CLERK TO ATTEST TO THE FIRST AMENDMENT TO THE INDUSTRIAL DISTRICT AGREEMENT WITH PURE SALT BAYTOWN, LLC, F /K/A TEXAS BRINE COMPANY BAYTOWN, LLC; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ********************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes and directs the Acting City Manager and City Clerk of the City of Baytown to execute and attest to the First Amendment to the Industrial District Agreement with Pure Salt Baytown, LLC, f/k/a Texas Brine Company Baytown, LLC. A copy of said amendment is attached hereto, marked Exhibit "A" and incorporated herein for all intents and purposes. Section 2: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the City of Baytown, this the 9th day of April, 2015. AT T ST: ETICIA BRYSCH, City &erk APPROVED AS TO FORM: vote of the City Council of the H. DONCARLOS, r ..Do i2•:� 6� �/• ' i • • \ s (ltd of � n 4 ACIO RAMIREZ, SR., Ci y ttorney RC +Karen'Ti1es\City Council +,Ordinances\20MApril 9' IDAwithClarkWestemDietrichBuildingSystemsLLC .doc Exhibit "A" First Amendment to the Industrial District Agreement between City of Baytown and Pure Salt Baytown, LLC, f/k/a Texas Brine Company Baytown, LLC This First Amendment to the Industrial District Agreement (the "First Amendment ") is made and entered into between the City of Baytown, Texas, a municipal corporation in Harris and Chambers Counties, Texas ( "Baytown" or "City ") and Texas Brine Company Baytown, LLC, which through a corporation reorganization is now Pure Salt Baytown, LLC ( "Property Owner "), a Texas limited liability company ( "Property Owner "). The City and the Property Owner are sometime jointly referred to herein as the "Parties." RECITALS WHEREAS the Parties entered into an Industrial District Agreement for tax years 2012 through 2018 (the "Agreement "); and WHEREAS, the Base Year Value contained in the Agreement included the value of property, which was not located in Baytown Industrial District No. 3; and WHEREAS, the City and the Property Owner desire to adjust the Base Year Value contained in the Agreement for tax years 2015, 2016, 2017 and 2018; and WHEREAS, the City and the Property Owner have agreed to certain credits for tax years 2015, 2016, and 2017, as described hereinbelow; NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, City and Property Owner agree as follows: Agreement. Except as expressly modified herein, all of the provisions of the Agreement are being continued in full force and effect. 2. Definitions. Unless expressly modified by this First Amendment, words and phrases as used in this First Amendment shall have the same meanings as in the Agreement. Amendments. The City and the Property Owner agree as follows: a. Commencing in tax year 2015, the term "Base Year Value" as defined in Article V "Industrial District Payment," subsection (1) means TWENTY -SEVEN MILLION SIX HUNDRED NINETY -FOUR THOUSAND SIX HUNDRED SIXTY AND NO /100 DOLLARS ($27,694,660.00). b. Commencing in tax year 2015 and continuing through tax year 2017, the Property Owner shall receive a credit of TWENTY -FOUR THOUSAND SEVEN HUNDRED NINETY -EIGHT AND 95/100 DOLLARS ($24,798.95) to its industrial district First Amendment to IDA, Pagel payment due the City of Baytown. Specifically, the Property Owner's Industrial district payment for tax years 2015, 2016 and 2017 will calculated as follows assuming the City's tax rate remains the same as its 2014 tax rate: There will be no credit for tax year 2018. 4. Entire Agreement. The provisions of this First Amendment and the Agreement should be read together and construed as one agreement provided that, in the event of any conflict or inconsistency between the provisions of this First Amendment and the provisions of the Agreement, the provisions of this First Amendment shall control. 5. Interpretation. This First Amendment has been jointly negotiated by the parties hereunder and shall not be construed against a party hereunder because that party may have assumed primary responsibility for the drafting of this Amendment. 6. Caption s. Captions contained in this First Amendment are for reference only and, therefore, have no effect in construing the document. The captions are not restrictive of the subject matter of any section. 7. No Waiver. By this First Amendment, the City does not consent to litigation or suit, and the City hereby expressly revokes any consent to litigation that it may have granted by the terms of this First Amendment, the Agreement or any other contract or agreement or addenda, any charter, or applicable state law. Nothing contained in this First Amendment or the Agreement shall be construed in any way to limit or to waive the City's sovereign immunity. IN WITNESS WHEREOF, the parties hereto have executed this First Amendment in multiple copies, each of which shall be deemed to be an original, but all of which shall constitute but one and the same amendment, this day of , 2015, the date of execution by the Acting City Manager. CITY OF BAYTOWN By: RON BOTTOMS, Acting City Manager ATTEST: LETICIA BRYSCH, City Clerk First Amendment to IDA, Paget APPROVED AS TO FORM: IGNACIO RAMIREZ, SR., City Attorney PURE SALT BAYTOWN, LLC, f /k/a TEXAS BRINE COMPANY BAYTOWN, LLC By: Signature) (Printed Name)/ P�! B (Title) ATTEST: (S gnatu it- e) (Printed Name Se-cXc-f&r q (Title) �J R %Karen\Files%Contracts%Tcxas Brine Reimbursement & Amendment\Amendment doc f=irst Amendment to IDA, Page3