Ordinance No. 9,484n
U
ORDINANCE NO. 9484
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE AND THE
CITY CLERK TO ATTEST TO LETTER AGREEMENT REGARDING AN
INDUSTRIAL DISTRICT PAYMENT WITH EXXON MOBIL
CORPORATION; 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
the City Manager to execute and the City Clerk to attest to a letter agreement regarding an
industrial district payment with Exxon Mobil Corporation. Such agreement is attached hereto as
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 affirmative vote of the City Council of the
City of Baytown this the 12'h day of December, 2002.
ATTEST:
GAIV W. MTI'H, City Clerk
APPROVED AS TO FORM:
el NACIO RAMIREZ, W., City Attorney
1-AKaren\'i1es%City Councill Ordinances�ExxonMobi leLetterAgreement.doc
PETE C. ALFARO, Mayor
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CITY OF BAYTOWN
U -�Ll 2401 MARKET P.O. BOX 424 BAYTOWN,TX. 77522 -0424 (281) 420 -6505 FAX (281) 420 -6586
IGNACIO RAMIREZ, SR. JULIE K. ESCALANTE KAREN L. IgORNER
CITY ATTORNEY ASSISTANT CITY ATTORNEY ASSISTANT CITY ATTORNEY
LEGAL
DEPARTMENT
December 9, 2002
Mr. Mike Brown
Plant Manager
Exxon Mobil Corporation
2800 Decker Drive
F.O. Box 3950
Baytown, TX 77522 -3950
Re: Industrial District Interim Payment
Dear Mr. Brown:
As you are aware, the City of Baytown (the "City") is working on finalizing a standard industrial district
agreement ( "IDA "), which shall be utilized for companies locating within the City's industrial district between 2002
and 2009, and for companies having existing agreements with the City that expire between 2002 and 2009.
However, at this time, such agreement is not finalized. In recognition of these on -going discussions to finalize the
IDA between Exxon Mobil Corporation ( "ExxonMobil ") and the City of Baytown, ExxonMobil agrees to make a
non - refundable Industrial District Payment in the amount of $7,544,000.001 to the City of Baytown by December
31, 2002 as an interim payment pending completion of the final contract. It is expressly understood by both parties
that:
➢ the 2002 tax year included in this letter agreement shall be the first year of the IDA, which the parties will
hereinafter execute on or before May 31, 2003; and
➢ this 2002 Industrial District Interim Payment may be adjusted up or down dependent upon the outcome of
the terms of such IDA.
This letter agreement shall be effective and binding on the parties hereto upon execution hereof on behalf
of the parties to this Agreement and supersedes any prior or existing agreements between ExxonMobil and the City
relating to the industrial districts and associated payments.
Sincerely,
acio Ramirez, Sr.
City Attorney
RECEIVED
DEC 1 2 7(lfl).
' This Industrial District Interim Payment is exclusive of any ad valorem taxes that are or may become due and
owing to the City of Baytown.
EMIT A
0
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Exxon Mobil Corporation
December 9, 2002
Page 2
i
ATTEST: j
5 o� �
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Signature
Sonia- F. CeryiA+c.5
Printed Name
Title
Attest:
GARY W. SMITH, City Clerk
F:IKa tco\FilesU.egaPdDA\Exxo nM ob iN .etterAgreementRevisedbyExxonRe visions C lean.doc
AGREED:
Printed Name / V
Titl
Date
AGREED:
City of Baytown
GARY JACKSON, City Manager
13 December 2002
Date