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HomeMy WebLinkAboutAgenda Packet City Council - 08/27/2024 Cityof Corpus Christi 1pus Leopard Street F' Corpus Christi,TX 78401 cctexas.com Meeting Agenda Final-revised City Council Tuesday,August 27, 2024 11:30 AM Council Chambers Addendums may be added on Friday. Public Notice: Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services are requested to contact the City Secretary's office (at 361-826-3105) at least 48 hours in advance so that appropriate arrangements can be made. Si Usted desea dirigirse al Concilio y cree que su ingles es limitado, habra un interprete ingles-espanol en todas las juntas del Concilio para ayudarle. This meeting may be held via videoconference call pursuant to Texas Government Code § 551.127. If this meeting is held via videoconference call or other remote method of meeting, then a member of this governmental body presiding over this meeting will be physically present at the location of this meeting unless this meeting is held pursuant to Texas Government Code § 551.125 due to an emergency or other public necessity pursuant to Texas Government Code § 551.045. A. Mayor Paulette Guajardo to call the meeting to order. B. Invocation to be given by Pastor Steve Lopez with Koinonia Church. C. Pledge of Allegiance to the Flag of the United States and to the Texas Flag to be led by Arceneaux Arnold student at Incarnate Word Academy. D. City Secretary Rebecca L. Huerta to call the roll of the required Charter Officers. E. CITY MANAGER'S COMMENTS / UPDATE ON CITY OPERATIONS: (ITEMS 1 -2) 1. 24-1447 Update on FY 2025 Budget Process 2. 24-1413 Labor Day Holiday Preparations (September 2, 2024) City of Corpus Christi Page 1 Printed on 8/26/2024 City Council Meeting Agenda-Final-revised August 27, 2024 F. PUBLIC COMMENT-APPROXIMATELY 12:00 P.M. To speak during this public comment period on a city-related matter or agenda item, you must sign up before the meeting begins. Each speaker is limited to a total of no more than 3 minutes per speaker. You will not be allowed to speak again on an item when the Council is considering the item. Time limits may be restricted further by the Mayor at any meeting. If you have a petition or other information pertaining to your subject, please present it to the City Secretary. Written comments may be submitted at cctexas.com/departments/city-secretary. Electronic media that you would like to use may only be introduced into the City system IF approved by the City's Communications Department at least 24 hours prior to the Meeting. Please contact Communications at 826-3211 to coordinate. This is a public hearing for all items on this agenda. G. BOARD &COMMITTEE APPOINTMENTS: (NONE) H. BRIEFINGS: NONE Briefing information will be provided to the City Council during the Council meeting. Briefings are for Council information only. No action will be taken and no public comment will be solicited. The City Manager or City Council Liaison for any city board, commission, committee or corporation(including Type A or B Corporation) may report on the action(s)or discussion(s) of any such body's public meeting that occurred within one month prior to this City Council meeting. I. EXPLANATION OF COUNCIL ACTION: For administrative convenience, certain of the agenda items are listed as motions, resolutions, or ordinances. If deemed appropriate, the City Council will use a different method of adoption from the one listed;may finally pass an ordinance by adopting it as an emergency measure rather than a two reading ordinance;or may modify the action specified. J. CONSENT AGENDA: (ITEMS 3 - 6) NOTICE TO THE PUBLIC: The following items are consent motions, resolutions, and ordinances of a routine or administrative nature. The Council has been furnished with background and support material on each item, and/or it has been discussed at a previous meeting. All items will be acted upon by one vote without being discussed separately unless requested by a Council Member or a citizen, in which event the item or items will immediately be withdrawn for individual consideration in its normal sequence after the items not requiring separate discussion have been acted upon. The remaining items will be adopted by one vote. 3. 24-1442 Approval of the August 20, 2024 Regular Meeting Minutes Sponsors: City Secretary's Office Consent- Contracts and Procurement 4. 24-1103 Resolution authorizing two one-year supply agreements, with two one-year options, for the purchase of hot mix asphaltic concrete pavement material, with Anderson Colombia Co., Inc., of Corpus Christi for up to $4,500,000.00 and with Berry Contracting, LP, dba Bay LTD., City of Corpus Christi Page 2 Printed on 8/26/2024 City Council Meeting Agenda-Final-revised August 27, 2024 of Corpus Christi for up to $4,500,000.00, for a combined total amount not to exceed $9,000,000.00 and a potential amount up to $27,000,000.00 if options are exercised, with FY 2025 funding of $5,000,000.00 from the Street Fund, subject to budget approval. Sponsors: Public Works/Street Department and Finance &Procurement 5. 24-0980 Motion authorizing execution of a new five-year software and support agreement, with renewable one-year terms with Infor LLC, of New York, in an amount not to exceed $1,226,457.00, for the purchase and dedicated support of the Infor CareFor managed services software, providing the City of Corpus Christi with a dedicated support team, business application support, custom development and configuration, and release impact support for Infor's Financial, Human Resources, Permitting and Utility Billing modules currently used by the City, with FY 2024 funding of$245,291.40 from the IT Enterprise Applications Fund. Sponsors: Information Technology Services and Finance &Procurement Consent- Capital Projects 6. 24-1336 Motion authorizing a professional services contract with LJA Engineering, Inc., Corpus Christi, Texas, to provide a Preliminary Engineering Report for the Blucher Park Wastewater Improvements Project in an amount not to exceed $240,020.00, located in Council District 1, with FY 2024 funding available from Wastewater Capital Fund. Sponsors: Engineering Services, Water Utilities Department and Contracts and Procurement K. RECESS FOR LUNCH The City Council will take a lunch break at approximately 1:30 p.m. L. PUBLIC HEARINGS: (NONE) The following items are public hearings and public hearings with first reading ordinances. Each item will be considered individually. M. INDIVIDUAL CONSIDERATION ITEMS: (ITEMS 7 - 10) The following items are motions, resolutions or ordinances that may be considered and voted on individually. 7. 24-1408 Ordinance authorizing execution of new 15 year Industrial District Agreements (IDAs); and reestablishing the land areas located within the extraterritorial jurisdiction of the City of Corpus Christi, Texas as Industrial Districts Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11. Sponsors: City Manager's Office and Legal Department 8. 24-0992 Resolution amending and reaffirming the City of Corpus Christi's Investment Policy and Investment Strategies for fiscal year 2024-2025. City of Corpus Christi Page 3 Printed on 8/26/2024 City Council Meeting Agenda-Final-revised August 27, 2024 Sponsors: Finance &Procurement 9. 24-1380 Motion authorizing execution of all documents necessary to acquire property interests necessary for the City to accept legal responsibility, improve and maintain the Michael J. Ellis Seawall on North Padre Island, which will be dedicated to the City at no cost. Sponsors: Engineering Services 10. 24-1421 Resolution to authorize the Capital Improvements Advisory Committee to review solutions to the viability of extending the Trust Funds for the purpose of future development versus Impact Fees, as requested by Council Members Mike Pusley, Michael Hunter, and Gil Hernandez. N. EXECUTIVE SESSION: (ITEMS 11 - 12) PUBLIC NOTICE is given that the City Council may elect to go into executive session at any time during the meeting in order to discuss any matters listed on the agenda, when authorized by the provisions of the Open Meeting Act, Chapter 551 of the Texas Government Code, and that the City Council specifically expects to go into executive session on the following matters. If the Council elects to go into executive session regarding an agenda item, the section or sections of the Open Meetings Act authorizing the executive session will be publicly announced by the presiding officer. The City Council may deliberate and take action in open session on any issue that may be discussed in executive session. The description of an item in "Executive Sessions" constitutes the written interpretation by the City Attorney of Chapter 551 of the Texas Government Code and his determination that said item may be legally discussed in Closed Meeting in compliance with Chapter 551 the Texas Government Code. 11. 24-1401 Executive Session pursuant to Texas Gov't Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to personnel matters and the City Auditor and Texas Gov't Code § 551.074 (personnel matters) to deliberate the appointment, employment, evaluation, reassignment, duties, discipline or dismissal of a public officer or employee (including, but not limited to, the City Auditor). 12. 24-1414 Executive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to industries, infrastructure, utilities, and property in the City's extraterritorial jurisdiction, services thereto, annexation, Texas Local Gov't Code service plans, industrial district agreements (IDA's), and Chapters 42, 43 and 212 of the Texas Local Government Code § 43.0116, et. seq., rates for utilities, actions for limitation of rates, Texas Water Code §13.043 and associated statutes and regulations, and Texas Government Code § 551.087 to discuss and deliberate regarding potential financial or other incentive(s) to business prospects(s) that the governmental body seeks to have locate, stay, or expand in or near the territory of the City and with which the City will be conducting economic development negotiations, authorizing preparation of service plans for areas to be considered for annexation, and authorizing professional services City of Corpus Christi Page 4 Printed on 8/26/2024 City Council Meeting Agenda-Final-revised August 27, 2024 agreements and amendments thereto with attorneys, engineers, and other consultants involved in the aforementioned actions. O. ADJOURNMENT City of Corpus Christi Page 5 Printed on 8/26/2024 Date : August 23, 2024 Update on FY 2025 Budget Process - Pg. 1 Community & Council Engagements: • Seven Community Input Sessions Held: o District 1 - Monday, August 5, Brewster St. Ice House o District 2 - Wednesday, August 7, The Terrace Restaurant Bar o District 3 - Thursday, August 8, Muelle o District 5 - Wednesday, August 14, Del Mar Oso Creek Campus o District 4 (Flour Bluff) - Thursday, August 15, Funtrackers in the Game o District 4 (Island) - Monday, August 19, The Waterline at Doc's o District 1 (Calallen) - Wednesday, August 21, Railroad Seafood & Brewery • Five Council Budget Workshops (4 of 5 Conducted) o Budget Workshop #1 : Water and Wastewater - Thursday, August 1 o Budget Workshop #2: Budget Recommendations Update, Libraries, Code Compliance, Parks and Recreation, and Employee Compensation and Benefits - Thursday, August 8 o Budget Workshop #3: Solid Waste, Public Works, Animal Care Services, and Health - Thursday, August 15 o Budget Workshop #4: Police, Fire, and Development Services - Thursday, August 22 o Budget Workshop #5: Capital Improvement Program, HOT projects, including Visit Corpus Christi presentation, and Potential Adjustments - Thursday, August 29 • Other Communication Items o City Manager has released 3 of 4 informational videos o City Manager has released an Op-ed on the City Budget, which was published in the Caller Times o Budget Office developed and maintained up to date budget website for FY 2025 Budget o Budget Office has developed and published the first ever Comprehensive CIP Score Card Performance Report for Capital Budget Date : August 23, 2024 Update on FY 2025 Budget Development Process - Pg. 2 RIF Policy Key Facts: • Number of Employees Impacted with FY 2025 Proposed Budget: 42 • Number of Employees Impacted with Oso, Greenwood, Garcia, and Code Restorations: 30 • Number of Employees placed in new Position: 26 • Number of Employees not applying to Positions/ No Response to HR: 4 • Number of Scheduled Interviews since July: 34 Key Dates: • July 30 - 1 st Presentation of Proposed Operating and Capital Budget • August 13 - Setting of Max Tax Rate • September 3 - 1st Reading of FY 2025 Budget & Proposed Tax Rate • September 10 - 2nd Reading and adoption of FY 2025 Budget & Proposed Tax Rate CITY OF ! . . NEWS RELEASE City of Corpus Christi 1 1201 Leopard St. I Corpus Christi, TX 78401 311 2024 City Labor Day Schedule August 26, 2024 CORPUS CHRISTI, TX— Most City of Corpus Christi offices, including City Hall, Municipal Court, and the Public Health District, will be closed on Monday, September 2, Labor Day. 311 Call Center: • Closed—Residents can still use the MYCC311 app on their mobile devices. Search MYCC311 in the Apple App Store or Google Play Store to download the app. Solid Waste Operations: • Garbage and recycling will be collected on September 2 • Brush items will be collected on September 2 • The J.C. Elliott Transfer Station/Collection Center: Closed • Cefe Valenzuela Landfill: Open 6:00 a.m. to 6:00 p.m. Public Libraries: • All Public Libraries will be closed on September 2 Animal Care Services: • Closed Parks and Recreation Department Facilities: Tennis Centers: • H-E-B Tennis Center: Closed • Al Kruse Tennis Center: Open, 8:00 a.m. to 10:00 p.m. Golf Courses: • Lozano Golf Center: Open, regular hours • Oso Golf Course: Open, regular hours Public Pools: • Collier Pool: o Open, 6:00 a.m. to 9:00 a.m. (Lap Swim); 11:00 a.m. to 2:00 p.m. (Lap Swim); and 4:00 p.m. to 6:00 p.m. (Open Swim) • Corpus Christi Natatorium: Open, 6:00 p.m. to 8:00 p.m. (Lap Swim) Splash Pads: • Bill Witt Park: Open, 8:00 a.m. to 10:00 p.m. • Cole Park: Open, 8:00 a.m. to 10:00 p.m. • Lindale Park: Open, 8:00 a.m. to 10:00 p.m. • Salinas Park: Open, 8:00 a.m. to 10:00 p.m. • West Haven Park: Open, 8:00 a.m. to 10:00 p.m. Oso Bay Wetlands Preserve & Learning Center: • Walking Trails and Playground: Open from dawn to dusk. • Learning Center& Restrooms: Closed Senior Centers: Closed Recreation Centers: Closed After-Hour Kid Power: Closed Gymnasiums: Closed City of Corpus Christi 1201 Leopard Street r Corpus Christi,TX 78401 cctexas.com o Meeting Minutes City Council Tuesday,August 20, 2024 11:30 AM Council Chambers Addendums may be added on Friday. A. Mayor Paulette Guajardo to call the meeting to order. Mayor Guajardo called the meeting to order at 11:34 a.m. B. Invocation to be given by Pastor Raul Elizondo with New Life at the Cross. Pastor Raul Elizondo with New Life at the Cross gave the invocation. C. Pledge of Allegiance to the Flag of the United States and to the Texas Flag to be led by Harleaux Arnold, 6th grader at Incarnate Word Academy. Harleaux Arnold, sixth grader at Incarnate Word Academy, led the Pledge of Allegiance to the Flag of the United States of America and to the Texas Flag. D. City Secretary Rebecca L. Huerta to call the roll of the required Charter Officers. City Secretary Rebecca Huerta called the roll and verified that a quorum of the City Council and the required Charter Officers were present to conduct the meeting. Charter Officers: City Manager Peter Zanoni, City Attorney Miles Risley and City Secretary Rebecca Huerta Present: 9- Mayor Paulette Guajardo,Council Member Roland Barrera,Council Member Gil Hernandez,Council Member Michael Hunter,Council Member Mike Pusley,Council Member Dan Suckley,Council Member Everett Roy,Council Member Jim Klein, and Council Member Sylvia Campos E. CITY MANAGER'S COMMENTS / UPDATE ON CITY OPERATIONS: (ITEMS 1 -2) 1. 24-1363 Overview of City Senior Center Fitness Program, Betty Guerrero, Volunteer Fitness Coordinator City Manager Peter Zanoni introduced Volunteer Fitness Coordinator Betty Guerrero. Ms. Guerrero has been volunteering for 16 years at the City Senior Center. 2. 24-1333 Texas Municipal League (TML) Municipal Policy Summit Recap, Presented Ryan Skrobarczyk, Director of Intergovernmental Relations Director of Intergovernmental Relations Ryan Skrobarczyk presented information on the following topics: TML Municipal policy development process; 2025 Texas legislative City of Corpus Christi Page 1 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 landscape; general TML positions recommended; and TML Municipal policy development. Council Members and Director Skrobarczyk discussed the following topics: federal and state legislative agendas will be presented to Council in the Fall; the importance of receiving updates regarding property tax relief and emergency management; and opportunities for local government advocates in Austin. F. PUBLIC COMMENT Mayor Guajardo opened public comment. John Weber, 609 Naples St., presented information about the Corpus Christi Bay model-Inner Harbor and La Quinta. Joe Benavides, 410 Atlantic St., spoke about the Instituto de Cultura Hispanica de Corpus Christi Museum. Susie Luna Saldana, 4710 Hake] Dr., expressed concern regarding clarification of facts for a leadership role. Joshua De Leon, 5914 Colorado Dr., spoke about expanding the City's smoking prohibition ordinance. Shawn Flanagan, 4218 Herndon St., recommended the City ask for volunteer lifeguards for the Bill Witt swimming pool due to proposed budget cuts. Rachel Caballero, 522 Hancock Ave., spoke in opposition to Item 6 and desalination. Henry Williams, 2422 Summers St. and Marilena Garza, 702 Furman Ave., expressed concern about the proposed budget cuts to reduce the homeless program positions. Sara Cortez, 1417 Horne Rd. and Jesusa Garcia, 1638 Sycamore Place, stated they would like the City to continue overseeing the Senior Center at Greenwood and not run by another entity. Chloe Torres, 3302 Casa Bonita Dr., expressed concern about the format of the community input sessions and about proposed budget cuts to reduce the homeless program positions. Catherine Barnes, 520 S. Chapparal St., spoke in opposition to Item 6. Daniel Pena, 2813 Hulbirt St., expressed concern about storm water fees and property liens. G. BRIEFINGS: (ITEM 3) City of Corpus Christi Page 2 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 3. 24-1367 Council Update from Port Commissioner Appointees Port of Corpus Christi Commissioners David Engel and Gabe Guerra presented information on the following topics: Port update August 2024-overall Port focus for 2024 and beyond; $65 billion capital investments ($12 billion foreign direct investments); Corpus Christi ship channel improvement project status; Port of Corpus Christi engineering department projects; a key U.S. strategic military seaport-AI Speight Yard-military use; AI Speight Yard rail and drainage modifications; security command and control center remodel and improvements; Ortiz Center interior improvements; and desalination permit process overview and status. Council Members, Commissioners Engel, Guerra, and Chief Executive Officer Kent Britton discussed the following topics: the Port is working with potential clients to bring in more economic development; the Port is reinvesting money back into infrastructure; the Port's intention is to obtain a permit so the City can own and operate a desalination plant; a request to continue pursuing permits for Harbor Island; the Port is working on the permitting process for putting the discharge in the Gulf; the Port's economic impact to the community; a concern about the health threat to Dona Park neighborhood near industry; and the cost difference between fossil fuels and hydrogen. H. BOARD &COMMITTEE APPOINTMENTS: (NONE) I. EXPLANATION OF COUNCIL ACTION: J. CONSENT AGENDA: (ITEMS 4 - 19) Approval of the Consent Agenda Mayor Guajardo referred to the Consent Agenda. Items 6, 11, 12, 13, 14, 15, and 16 were pulled for individual consideration. Item 9 was withdrawn. Council Member Klein moved to approve the consent agenda with the exception of Items 6, 11, 12, 13, 14, 15, and 16, seconded by Council Member Pusley. The motion carried by the following vote: Aye: 9- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy, Council Member Klein and Council Member Campos Abstained: 0 4. 24-1390 Approval of the August 13, 2024 Regular Meeting Minutes The Minutes were approved on the consent agenda. Consent- Second Reading Ordinances City of Corpus Christi Page 3 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 5. 24-1287 Ordinance to amend Ordinance 033281 as required by Texas Commission on Environmental Quality regulations by amending Section 55-141(d)(3) of the City Code to update the list of pollutants for which limits may be established in an industrial discharge wastewater permit utilizing the Broadway Wastewater Treatment Facility and the Oso Water Reclamation Plant, providing for a penalty not to exceed $2,000 and publication. This Ordinance was passed on second reading on the consent agenda. Enactment No: 033435 6. 24-1230 Ordinance amending Section 2-330 of the Code of Ordinances of the City of Corpus Christi, Texas to provide for outside representation of City Officials for alleged violations before the Ethics Commission. Mayor Guajardo referred to Item 6. Council Members and City Attorney Miles Risley discussed the following topics: a recommendation to cap legal expenses at$5,000; a concern about a conflict of interest if the City Attorney refers outside legal counsel to city officials; and all city officials may hire their own attorney to represent them. Mayor Guajardo opened public comment. John Weber, 609 Naples St., recommended an amendment to the ordinance. Pat Craig, 5925 Tapestry Dr., spoke in opposition to the ordinance. Mayor Guajardo closed public comment. Council Member Klein moved to amend the ordinance to cap legal expenses at $1,000, seconded by Council Member Campos. Council Member Pusley moved to amend Council Member Klein's amendment by capping legal expenses at $5,000, allowing City Attorney to pre-review cases, and allowing city officials to hire their own attorneys (see attached ordinance), seconded by Council Member Hunter and passed with the following vote: Council Members Barrera, Hernandez, Hunter, Pusley, Roy and Suckley, voting, "yes"; and Mayor Guajardo and Council Members Campos and Klein voting, "no". Council Member Pusley moved to approve the ordinance as amended, seconded by Council Member Barrera. This Ordinance was passed on second reading as amended and approved with the following vote: Aye: 6- Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley and Council Member Roy Nay: 3- Mayor Guajardo, Council Member Klein and Council Member Campos City of Corpus Christi Page 4 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 Abstained: 0 Enactment No: 033436 7. 24-1221 Ordinance authorizing acceptance and amendments of Texas Beach Watch (TBW) Program Grant for$140,000.00 from the Texas General Land Office (GLO) to provide beach water sampling in Nueces, Aransas, and San Patricio County under the Texas Beach Watch Program for the period of September 1, 2024, through August 31, 2025; and authorizing one existing position to be funded by this grant and appropriating $140,000.00 in the Health Grant Fund. This Ordinance was passed on second reading on the consent agenda. Enactment No: 033437 8. 24-1324 Ordinance terminating Tax Increment Reinvestment Zone (TIRZ) #5, City of Corpus Christi, Texas; dissolving the tax increment fund for the zone; dissolving the board of directors for the zone; providing an effective date; and appropriating and transferring related funds as necessary. This Ordinance was passed on second reading on the consent agenda. Enactment No: 033438 9. 24-1216 Ordinance authorizing an amendment to a Small Business Incentives Agreement between the Corpus Christi B Corporation and Del Mar College, which increases the funding by $15,000.00 for a total amount not to exceed $130,000.00 for the 2024 Internship program; appropriating $15,000 from the unreserved fund balance of the Type B fund; and amending the budget. This Item was withdrawn. 10. 24-1195 Zoning Case No. ZN8186, Toreros Investment VI, LLC. (District 4): Ordinance rezoning a property at or near 3909 Laguna Shores Drive from the "RS-4.5" Single-Family 4.5 District, "CR-1" Resort Commercial District, and "CG-2" General Commercial District to the "CR-1" Resort Commercial District with a Special Permit; providing for a penalty not to exceed $2,000 and publication. (Applicant originally requested a zoning change to the "CR-1" Resort Commercial District, consents to staff recommendation.) Planning Commission and Staff recommend approval. This Ordinance was passed on second reading on the consent agenda. Enactment No: 033439 11. 24-1241 Ordinance authorizing a Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement up to $393,888.30 with MPM Development, LP to construct a water arterial transmission grid main related to Starlight Estates Unit 8 located south of Yorktown Boulevard and west of Krypton Drive; and authorizing future transfer and appropriation of Water and Wastewater Trust City of Corpus Christi Page 5 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 Fund revenue up to $393,888.30 to reimburse the developer in accordance with the agreement. (District 5). Mayor Guajardo referred to Items 11-16. Council Members, City Manager Peter Zanoni, and Director of Development Services AI Raymond discussed the following topics: a concern about the trust fund having a negative balance; a recommendation to allow the Capital Improvements Advisory Committee (CIAC) to review trust funds versus impact fees; a desire to vote on impact fees or trust funds prior to October 1, 2024; the purpose of these reimbursement agreements is to get water and wastewater lines to the development that are funded through the utility funds; the developers still contribute to the trust fund; and if the impact fees are approved, they would take effect October 1, 2025. Council Member Barrera moved to approve Items 11-16, seconded by Council Member Hunter. The ordinances were passed on second reading and approved with the following vote: Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 Enactment No: 033440 12. 24-1316 Ordinance authorizing a Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement up to $141,108.94 with MPM Development, LP to construct a water arterial transmission grid main related to Royal Oak South subdivision located south of the Chisolm Trail and Rand Morgan Rd intersection; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $141,108.94 to reimburse the developer in accordance with the agreement. (District 1). See Item 11. Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 Enactment No: 033441 13. 24-1317 Ordinance authorizing a Wastewater Trunk Line Construction and Reimbursement Agreement up to $365,028.94 with MPM Development to construct a required wastewater trunk line for the proposed residential development related to Royal Oak South subdivision located south of the City of Corpus Christi Page 6 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 Chisolm Trail and Rand Morgan Rd intersection; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $365,028.94 to reimburse the developer in accordance with the agreement. (District 1). See Item 11. Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 Enactment No: 033442 14. 24-1318 Ordinance authorizing a Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement up to $131,835.50 with MPM Development, LP to construct a water arterial transmission grid main related to King's Landing Unit 9 subdivision located north of the Lady Alexa Dr. and Lady Claudia St. intersection; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $131,835.50 to reimburse the developer in accordance with the agreement. (District 3). See Item 11. Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 Enactment No: 033443 15. 24-1242 Ordinance authorizing a Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement up to $136,870.31 with LSK Development, LLC to construct a water arterial transmission grid main related to Azali Estates Unit 3 located north of Yorktown Boulevard and east of Azali Drive; and authorizing future transfer and appropriation of Water and Wastewater Trust Fund revenue up to $136,870.31 to reimburse the developer in accordance with the agreement. (District 5). See Item 11. Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 City of Corpus Christi Page 7 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 Enactment No: 033444 16. 24-1315 Ordinance authorizing a Water Arterial Transmission & Grid Main Construction and Reimbursement Agreement up to $1,245,538.00 with MST, LLC to construct a water arterial transmission grid main related to Kaspian Subdivision Unit I located south of FM 43 and east of CR 43; and appropriating and transferring of future revenue from Water and Wastewater lot and acreage fees and pro-rats fees to the Water Arterial Transmission & Grid Line Trust Fund to reimburse the developer per the agreement (District 5) See Item 11. Aye: 8- Mayor Guajardo, Council Member Barrera, Council Member Hernandez, Council Member Hunter, Council Member Pusley, Council Member Suckley, Council Member Roy and Council Member Campos Nay: 1 - Council Member Klein Abstained: 0 Enactment No: 033445 Consent- Contracts and Procurement 17. 24-1156 Motion authorizing execution of a one-year service agreement, with two one-year options, with Horacio Carrillo III, dba Carrillo's Welding Services "CWS", of Corpus Christi, in an amount not to exceed $104,100.00, with a potential amount up to $312,300.00 if options are exercised, for welding and fabrication services for Solid Waste Services, with FY 2024 funding of$8,675.00 from the General Fund. This Motion was passed on the consent agenda. Enactment No: M2024-131 18. 24-1224 Motion authorizing execution of a three-year service agreement, with two one-year options, for professional auditing services with Weaver and Tidwell, LLP, of Houston in an amount not to exceed $794,200.00, with a potential up to $1,364,513.00 if options are exercised, with funding of$264,733.33 from the FY2025 General Fund, subject to future budget approval. This Motion was passed on the consent agenda. Enactment No: M2024-132 19. 24-1071 Motion authorizing amendment No. 4 to the professional services contract with Pape-Dawson Engineers, Inc of San Antonio, Texas, for additional meetings already conducted with the Capital Improvement Advisory Committee (CIAC) and City Staff, in the amount of$38,000.00 for a total amount not to exceed $3,981,700. City of Corpus Christi Page 8 Printed on 8/23/2024 City Council Meeting Minutes August 20, 2024 This Motion was passed on the consent agenda. Enactment No: M2024-133 K. RECESS FOR LUNCH Mayor Guajardo recessed the Council meeting for lunch at 2:04 p.m. Executive Session Item 20 was held during the lunch recess. Mayor Guajardo reconvened the meeting at 3:05 p.m. L. PUBLIC HEARINGS: (NONE) M. INDIVIDUAL CONSIDERATION ITEMS: (NONE) N. EXECUTIVE SESSION: (ITEM 20) Mayor Guajardo referred to Executive Session Item 20. The Council went into Executive Session at 2:04 p.m. The Council returned from Executive Session at 3:05 p.m. 20. 24-1364 Executive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to industries, infrastructure, utilities, and property in the City's extraterritorial jurisdiction, services thereto, annexation, Texas Local Gov't Code service plans, industrial district agreements (IDA's), and Chapters 42, 43 and 212 of the Texas Local Government Code § 43.0116, et. seq., rates for utilities, actions for limitation of rates, Texas Water Code §13.043 and associated statutes and regulations, and Texas Government Code § 551.087 to discuss and deliberate regarding potential financial or other incentive(s) to business prospects(s) that the governmental body seeks to have locate, stay, or expand in or near the territory of the City and with which the City will be conducting economic development negotiations, authorizing preparation of service plans for areas to be considered for annexation, and authorizing professional services agreements and amendments thereto with attorneys, engineers, and other consultants involved in the aforementioned actions This E-Session Item was discussed in executive session. O. ADJOURNMENT There being no further business, Mayor Guajardo adjourned this meeting at 4:04 p.m. City of Corpus Christi Page 9 Printed on 8/23/2024 Ordinance amending Section 2-330 of the Code of Ordinances of the City of Corpus Christi, Texas to provide for outside representation of City Officials for alleged violations before the Ethics Commission. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, THAT: Section 1. The requirement for the Ethics Commission review of City Council changes to the Ethics Code under § 2-326(a)(1) is hereby waived and Subsection 2-330 of the City Code is amended to read as follows: Sec. 2-330. - Complaints. (a) A sworn complaint allegingviolation of the code of ethics shall specify the provisions of the Rules of Conduct (section 2-311) alleged to have been violated and facts alleged to constitute the violation. In lieu of a complaint sworn to under oath, the complainant may subscribe to the complaint using an unsworn declaration prepared in compliance with the Texas Unsworn Declaration Act, V.T.C.A., Civil Practice and Remedies Code ch. 132, as amended. (b) Upon the valid complaint of any one {1} person filed with the city secretary's office, the commission shall consider possible violations of the code of ethics by city officials and board members and former city officials and board members other than members of this commission. In addition, the commission shall consider such possible violations when referred to it as a complaint by majority vote of all council members holding office and qualified to vote thereon. The council may direct the city attorney to draft such referred complaint, which shall be reviewed as other complaints hereunder. The council members voting for the complaint shall sign the complaint. (c) A complaint alleging a violation by a city official or board member must be filed with the city secretary within"6)months from the date the eernpiainants complainant(sl knew or should have known of the action alleged as a violation, and not afterward. (d) (-1-) The city secretary, after receiving a complaint submitted in accordance with subsection (a) and c above, shall, within twee {3) business days, acknowledge receipt to the complainant and provide a copy to the city attorney, the commission, and the person city official or board member complained against("the respondent"). (el(1) The city attorney shall conduct a preliminary review of the complaint within 7 business days after receipt and issue determination whether the complaint (i) is sufficient as to form and ii alleges sufficient facts which, if true, would constitute a prima facie violation of the Rules of Conduct. The city attorney shall provide the commission, the city secretary, the complainant and the respondent with written notice of such determination. (2) The complaint is dismissed upon determination that the complaint failed to comply with (i) or ii above, subject to complainant's right to appeal such dismissal to the commission within 10 business days of dismissal This appeal must be in writing, sworn to in compliance with subsection (a) above, and state the grounds for the appeal The complainant shall provide the appeal to the city secretary who will then forward a copy to the commission, the city attorney and the respondent within three business days of receipt. (3) The respondent shall have 10 business days to submit a written response to the commission after a preliminary determination of the city attorney that the complaint complies with(i)and ii above or after proper appeal is forwarded to the commission in compliance with subsection (e)(2). (4)Within 30 business days after commission's receipt of(a)the determination of the city attorney that the complaint complies with (i)and ii above or(b)an appeal by the complainant in compliance with subsection (e)(2) the commission shall determine whether to schedule a hearing or take other action concerning the complaint. Such determination shalt be made during a meeting of the commission by majority vote of all commissioners present. (2) The person eornpiained against shat!have ten (10) calendar days,frorn reeeipt of the eornpiaint, to submit a written response to the cornpiaint to the City seeretarr. (3) Th . .3n shall, not earlier than the time aRetted in subseetion (d)(2) and not later than thirty(30)eaiendar days after receipt of a compLaint by the eity seeretarr, notify On writing the person who made the eempiaint and the person eempLained against whether it V Mends to sehedtiLe a hearing or take other aetion eoneerning the eornpLaint. (4) —(5jThe complainant shall have one M opportunity within ar 10 business days of any denial of their original complaint by the commission to amend their complaint and refile the same with the commission. (f) If the commission determines such party's complaint or defense was groundless, legal fees incurred bythe complainants,the commission, and the party complained against, in an amount determined reasonable by the commission may be awarded against the unsuccessful party. "Groundless" means: (1) without basis or fact; or (2) not warranted by law or reasonably arguable interpretation thereof. The complainants shall not be liable for such fees if the commission has determined grounds exist for a hearing. The city will pay reasonable fees for legal representation of the respondent through conclusion of a commission hearing in an amount not to exceed $5,000, subject to city's right to repayment through salary and/or stipend deductions of the respondent in the event commission finds a violation has occurred. Section 2. All provisions of the ordinances of the City of Corpus Christi in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other 2 provisions of the ordinances of the City of Corpus Christi not in conflict with the provisions of this Ordinance shall remain in full force and effect. Section 3. Should any sentence, paragraph, subdivision, clause, phrase or section of this ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this ordinance as a whole, or any part or provision thereof other than the part so decided to be invalid, illegal or unconstitutional, and shall not affect the validity of the Code of Ordinances as a whole. Section 4. This ordinance shall become effective October 1, 2024. Publication shall be made in the official publication of the City of Corpus Christi as required by the City Charter of the City of Corpus Christi. Introduced and voted on the day of , 2024. PASSED and APPROVED on the day of , 2024. Paulette M. Guajardo, Mayor Rebecca L. Huerta, City Secretary 3 � S cl �o o� � µCORPOOI AGENDA MEMORANDUM 1852 Action Item for the City Council Meeting August 27, 2024 DATE: August 27, 2024 TO: Peter Zanoni, City Manager FROM: Ernesto De La Garza, Director of Public Works ErnestoD2@cctexas.com (361) 826-1677 Josh Chronley, Assistant Director of Finance-Procurement Josh C2(a-)cctexas.com (361) 826-3169 Hot Mix Asphaltic Concrete Pavement Material for Public Works CAPTION: Resolution authorizing two one-year supply agreements, with two one-year options, for the purchase of hot mix asphaltic concrete pavement material, with Anderson Colombia Co., Inc., of Corpus Christi for up to $4,500,000.00 and with Berry Contracting, LP, dba Bay LTD., of Corpus Christi for up to $4,500,000.00, for a combined total amount not to exceed $9,000,000.00 and a potential amount up to $27,000,000.00 if options are exercised, with FY 2025 funding of $5,000,000.00 from the Street Fund, subject to budget approval. SUMMARY: This resolution authorizes two one-year supply agreements, one with Anderson Colombia Co., Inc., of Corpus Christi and one with Berry Contracting, LP dba Bay LTD., of Corpus Christi, Texas for a combined total of $9,000,000. These supply agreements will provide the needed hot mix asphalt concrete to the Public Works Department for city-wide street maintenance and repair projects. BACKGROUND AND FINDINGS: Public Works utilizes hot mix asphalt concrete (HMAC) to maintain and rehabilitate City streets infrastructure. These materials are used in our Rapid Pavement Program, non-structural overlays, pothole repairs, and base & pavement repairs. As the department continues street work, the demand for HMAC remains vital. In FY 2021, Public Works competitively bid a 70/30 split contract for our HMAC supplier. Due to the volatility of the price for liquid asphalt the submitted bids had a 30% variance between the two bidders. This led to the recommendation of a 90/10 split. The offer was rejected by the second lowest bidder resulting in a contract with only one supplier. This presented obstacles such as plant breakdowns, unavailable mix designs, and lack of contract capacity. What's more, in FY 24, our current supplier experienced 39 days of breakdowns and 14 days of service disruption, diminishing our ability to complete projects efficiently and forcing us to procure hot mix asphalt from the second vendor without contract capacity. A new strategy was proposed to produce a new procurement that would provide flexibility between vendors and allow them to compete for business on a month-to-month basis. The bid allows suppliers to provide a discount based on monthly volume and submit a price monthly. We received two bids from the only local suppliers in the Nueces County area. The bid resulted in an average difference of 5% between both suppliers on the most utilized HMAC TY D, which is the material used as the final surface of our roadways. PROCUREMENT DETAIL: Finance & Procurement conducted a competitive Request for Proposal process to obtain proposals for a new contract for hot mix asphaltic concrete pavement material to repair roads and road surface treatments for the Public Works Department. The City received two responsive, responsible proposals, and is recommending the award to the two best value proposals, Anderson Colombia Co., Inc., of Corpus Christi, and Berry Contracting, LP dba Bay LTD., of Corpus Christi. Hot mix asphaltic concrete pavement material is volatile and fluctuates on an upward scale, as shown on graph from 2016 to 2024. In 2021, the cost of material from Bay Ltd. was $72.81 per ton to the current proposed pricing of $95.06 per ton. This shows an increase of 30.55% per ton. In 2021, the cost of material from Anderson Columbia Co. was $108.00 per ton to the current proposed pricing of $90 per ton. This shows a decrease of 16.67% per ton. Overall, the low bid has increased 23.61% from the 2021 price of $72.81 per ton to the current proposed price of $90 per ton. The chart below demonstrates the cost difference between the lowest cost from 2021 to 2024 for hot mix asphaltic concrete material. Est. Usage Variance Variance$ Annual 2021 2024 % per Ton Variance Hot Mix Asphalic Concrete Material per Ton $72.81 $90.00 23.6% $17.19 $567,270.00 —Producer Prim Index by In dustry:Asp If It Paving Mixture and Block Manufacturing:Asphalt and Tar Paving MixtureJEvclud Ing LlquldJ,Including Bl[umen or Mph a It Concrete,Asp he It Paving Cement Jul 2016 Jan 2017 Ju 12017 Jan 2018 1u12019 Jan 2019 Ju12019 Jan 2020 Jul 2020 Jan 2021 Jul 2021 Jan 2022 Ju12022 Jan 2023 Ju12023 Jan 2024 ALTERNATIVES: The alternative is that Public Works can request to purchase 100% of supply from one vendor, request or go back out to bid and search for alterative vendors. FISCAL IMPACT: No fiscal impact in FY 2024 for this agreement. The funding is included in the FY 2025 operating budget with funds available in the Street Fund. An estimated amount of $2,500,000 from the Surface Preservation Org and $2,500,000 and from the Street Utility Cut Repair Org. FUNDING DETAIL: Fund: 1041 Street Fund Organization/Activity: 12430 Surface Preservation Org Department: 33 Street Project # (CIP Only): N/A Account: 520130 Maintenance and Repairs Fund: 1041 Street Fund Organization/Activity: 12420 Street Utility Cut Repairs Department: 33 Street Project # (CIP Only): N/A Account: 520130 Maintenance and Repairs RECOMMENDATION: Staff recommends authorizing execution of two one-year supply agreements, with two one-year options, for the purchase of hot mix asphaltic concrete pavement material, with Anderson Colombia Co., Inc., of Corpus Christi, and with Berry Contracting, LP dba Bay LTD., of Corpus Christi for Public Works as presented. LIST OF SUPPORTING DOCUMENTS: Resolution Supply Agreement Matrix Resolution authorizing two one-year supply agreements, with two one-year options, for the purchase of hot mix asphaltic concrete pavement material, with Anderson Colombia Co., Inc., of Corpus Christi for up to $4,500,000.00 and with Berry Contracting, LP, dba Bay LTD., of Corpus Christi for up to $4,500,000.00, for a combined total amount not to exceed $9,000,000.00 and a potential amount up to $27,000,000.00 if options are exercised, with FY 2025 funding of $5,000,000.00 from the Street Fund, subject to budget approval. WHEREAS, the Public Works Department requires volume quantities of hot mix asphaltic concrete pavement materials for use in ongoing and new street projects and needs more than one source of materials to best leverage constant demand and supply requirements; WHEREAS, State law provides that such procurements, as outlined above, are subject to statutory procurement requirements, including competitive bids, unless an exception applies; and WHEREAS, there is a statutory exception for this procurement in Local Government Code, Section 252.022(a)(2), as this purchase is necessary to preserve and protect the public health or safety of the residents. Be it resolved by the City Council of the City of Corpus Christi, Texas: Section 1. The City Council specifically finds that the foregoing statements included in the preamble of this resolution are true and correct and adopts such findings for all intents and purposes related to the authorization of this procurement. Section 2. The City Manager, or his designee, is authorized to execute two one-year supply agreements, each having two one-year options to renew, for the purchase of hot mix asphaltic concrete pavement material, with Anderson Colombia Co., Inc., of Corpus Christi for up to $4,500,000.00 and with Berry Contracting, LP, dba Bay LTD., of Corpus Christi for up to $4,500,000.00, for a combined total amount not to exceed $9,000,000.00 and a potential amount up to $27,000,000.00 if options are exercised, with FY 2025 funding of $5,000,000.00 from the Street Fund, subject to budget approval. PASSED and APPROVED on the day of , 2024. ATTEST: Paulette Guajardo, Mayor Rebecca Huerta, City Secretary Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 SC G� SUPPLY AGREEMENT NO. 5667 U Hot Mix Asphaltic Concrete Pavement yCaeaoRp�� 1852 THIS Hot Mix Asphaltic Concrete Pavement Supply Agreement ("Agreement") is entered into by and between the City of Corpus Christi, a Texas home-rule municipal corporation ("City") and Anderson Columbia Co., Inc. ("Contractor"), effective upon execution by the City Manager or the City Manager's designee ("City Manager"). WHEREAS, Contractor has bid to provide Hot Mix Asphaltic Concrete Pavement in response to Request for Bid No. 5667 ("RFB"), which RFB includes the required scope of work and all specifications and which RFB and the Contractor's bid response are incorporated by reference in this Agreement as Exhibits 1 and 2, respectively, as if each were fully set out here in its entirety. NOW, THEREFORE, City and Contractor agree as follows: 1. Scope. Contractor will provide Hot Mix Asphaltic Concrete Pavement in accordance with the attached Scope of Work, as shown in Attachment A, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. "Goods," "products", and "supplies", as used in this Agreement, refer to and have the same meaning. 2. Term. (A) The Term of this Agreement is one year beginning on the date provided in the Notice to Proceed from the Contract Administrator or the City's Procurement Division. The parties may mutually extend the term of this Agreement for up to two additional one-year periods ("Option Period(s)"), provided, the parties do so in writing prior to the expiration of the original term or the then-current Option Period. (B) At the end of the Term of this Agreement or the final Option Period, the Agreement may, at the request of the City prior to expiration of the Term or final Option Period, continue on a month-to-month basis for up to six months with compensation set based on the amount listed in Attachment B for the Term or the final Option Period. The Contractor may opt out of this continuing term by providing notice to the City at least 30 days prior to the expiration of the Term or final Option Period. During the month-to-month term, either Party may terminate the Agreement upon 30 days' written notice to the other Party. 3. Compensation and Payment. This Agreement is for an amount not to exceed $4,500,000.00, subject to approved extensions and changes. Payment will be Supply Agreement Standard Form Page 1 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 made for goods delivered and accepted by the City within 30 days of acceptance, subject to receipt of an acceptable invoice. All pricing must be in accordance with the attached Bid/Pricing Schedule, as shown in Attachment B, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. Any amount not expended during the initial term or any option period may, at the City's discretion, be allocated for use in the next Option Period. Invoices must be mailed to the following address with a copy provided to the Contract Administrator: City of Corpus Christi Attn: Accounts Payable P.O. Box 9277 Corpus Christi, Texas 78469-9277 4. Contract Administrator. The Contract Administrator designated by the City is responsible for approval of all phases of performance and operations under this Agreement, including deductions for non-performance and authorizations for payment. The City's Contract Administrator for this Agreement is as follows: Name: Velma Pena Department: Public Works Phone: 361-826-1933 Email: VelmaP@cctexas.com 5. Insurance. Before performance can begin under this Agreement, the Contractor must deliver a certificate of insurance ("COI"), as proof of the required insurance coverages, to the City's Risk Manager and the Contract Administrator. Additionally, the COI must state that the City will be given at least 30 days' advance written notice of cancellation, material change in coverage, or intent not to renew any of the policies. The City must be named as an additional insured. The City Attorney must be given copies of all insurance policies within 10 days of the City Manager's written request. Insurance requirements are as stated in Attachment C, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. 6. Purchase Release Order. For multiple-release purchases of products to be provided by the Contractor over a period of time, the City will exercise its right to specify time, place and quantity of products to be delivered in the following manner: any City department or division may send to Contractor a purchase release order signed by an authorized agent of the department or division. The purchase release order must refer to this Agreement, and products will remain with Supply Agreement Standard Form Page 2 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 the Contractor until such time as the products are delivered and accepted by the City. 7. Inspection and Acceptance. City may inspect all products supplied before acceptance. Any products that are delivered but not accepted by the City must be corrected or replaced immediately at no charge to the City. If immediate correction or replacement at no charge cannot be made by the Contractor, a replacement product may be bought by the City on the open market and any costs incurred, including additional costs over the item's bid price, must be paid by the Contractor within 30 days of receipt of City's invoice. 8. Warranty. (A) The Contractor warrants that all products supplied under this Agreement are new, quality items that are free from defects, fit for their intended purpose, and of good material and workmanship. The Contractor warrants that it has clear title to the products and that the products are free of liens or encumbrances. (B) In addition, the products purchased under this Agreement shall be warranted by the Contractor or, if indicated in Attachment D by the manufacturer, for the period stated in Attachment D. Attachment D is attached to this Agreement and is incorporated by reference into this Agreement as if fully set out here in its entirety. 9. Quality/Quantity Adjustments. Any quantities indicated on the Bid/Pricing Schedule are estimates only and do not obligate the City to order or accept more than the City's actual requirements nor do the estimates restrict the City from ordering less than its actual needs during the term of the Agreement and including any Option Period. Substitutions and deviations from the City's product requirements or specifications are prohibited without the prior written approval of the Contract Administrator 10. Non-Appropriation. The continuation of this Agreement after the close of any fiscal year of the City, which fiscal year ends on September 30th annually, is subject to appropriations and budget approval specifically covering this Agreement as an expenditure in said budget, and it is within the sole discretion of the City's City Council to determine whether or not to fund this Agreement. The City does not represent that this budget item will be adopted, as said determination is within the City Council's sole discretion when adopting each budget. 11. Independent Contractor. Contractor will perform the work required by this Agreement as an independent contractor and will furnish such products in its own manner and method, and under no circumstances or conditions will any agent, servant or employee of the Contractor be considered an employee of the City. Supply Agreement Standard Form Page 3 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 12. Subcontractors. In providing the Goods, Contractor will not enter into subcontracts or utilize the services of subcontractors. 13. Amendments. This Agreement may be amended or modified only in writing executed by authorized representatives of both parties. 14. Waiver. No waiver by either party of any breach of any term or condition of this Agreement waives any subsequent breach of the same. 15. Taxes. The Contractor covenants to pay payroll taxes, Medicare taxes, FICA taxes, unemployment taxes and all other applicable taxes. Upon request, the City Manager shall be provided proof of payment of these taxes within 15 days of such request. 16. Notice. Any notice required under this Agreement must be given by fax, hand delivery, or certified mail, postage prepaid, and is deemed received on the day faxed or hand-delivered or on the third day after postmark if sent by certified mail. Notice must be sent as follows: IF TO CITY: City of Corpus Christi Attn: Velma Pena Title: Contract Funds Administrator Address: 2525 Hygeia St., Corpus Christi, Texas 78415 Phone: 361-826-1933 Fax: 361-885-0038 IF TO CONTRACTOR: Anderson Columbia Co., Inc. Attn: Drew Cullen Title: Agent Address: 3096 County Rd. 44, Robstown, Texas 78380 Phone: 361-853-2535 Fax: 361-853-5564 17. CONTRACTOR SHALL FULLY INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY OF CORPUS CHRISTI AND ITS OFFICERS, EMPLOYEES AND AGENTS ("INDEMNITEES') FROM AND AGAINST ANY AND ALL LIABILITY, LOSS, CLAIMS, DEMANDS, SUITS, AND CAUSES OF ACTION OF WHATEVER NATURE, CHARACTER, OR DESCRIPTION ON ACCOUNT OF PERSONAL INJURIES, PROPERTY LOSS, OR DAMAGE, OR ANY OTHER KIND OF INJURY, LOSS, OR DAMAGE, INCLUDING ALL EXPENSES OF LITIGATION, COURT COSTS, ATTORNEYS' FEES AND EXPERT WITNESS FEES, Supply Agreement Standard Form Page 4 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 WHICH ARISE OR ARE CLAIMED TO ARISE OUT OF OR IN CONNECTION WITH A BREACH OF THIS AGREEMENT OR THE PERFORMANCE OF THIS AGREEMENT BY THE CONTRACTOR OR RESULTS FROM THE NEGLIGENT ACT, OMISSION, MISCONDUCT, OR FAULT OF THE CONTRACTOR OR ITS EMPLOYEES OR AGENTS. CONTRACTOR MUST, AT ITS OWN EXPENSE, INVESTIGATE ALL CLAIMS AND DEMANDS, ATTEND TO THEIR SETTLEMENT OR OTHER DISPOSITION, DEFEND ALL ACTIONS BASED THEREON WITH COUNSEL SATISFACTORY TO THE CITY ATTORNEY, AND PAY ALL CHARGES OF ATTORNEYS AND ALL OTHER COSTS AND EXPENSES OF ANY KIND ARISING OR RESULTING FROM ANY SAID LIABILITY, DAMAGE, LOSS, CLAIMS, DEMANDS, SUITS, OR ACTIONS. THE INDEMNIFICATION OBLIGATIONS OF CONTRACTOR UNDER THIS SECTION SHALL SURVIVE THE EXPIRATION OR EARLIER TERMINATION OF THIS AGREEMENT. 18. Termination. (A) The City may terminate this Agreement for Contractor's failure to comply with any of the terms of this Agreement. The City must give the Contractor written notice of the breach and set out a reasonable opportunity to cure. If the Contractor has not cured within the cure period, the City may terminate this Agreement immediately thereafter. (B) Alternatively, the City may terminate this Agreement for convenience upon 30 days advance written notice to the Contractor. The City may also terminate this Agreement upon 24 hours written notice to the Contractor for failure to pay or provide proof of payment of taxes as set out in this Agreement. 19. Owner's Manual and Preventative Maintenance. Contractor agrees to provide a copy of the owner's manual and/or preventative maintenance guidelines or instructions if available for any equipment purchased by the City pursuant to this Agreement. Contractor must provide such documentation upon delivery of such equipment and prior to receipt of the final payment by the City. 20. Limitation of Liability. The City's maximum liability under this Agreement is limited to the total amount of compensation listed in Section 3 of this Agreement. In no event shall the City be liable for incidental, consequential or special damages. 21. Assignment. No assignment of this Agreement by the Contractor, or of any right or interest contained herein, is effective unless the City Manager first gives written consent to such assignment. The performance of this Agreement by the Contractor is of the essence of this Agreement, and the City Manager's right to withhold consent to such assignment is within the sole discretion of the City Manager on any ground whatsoever. Supply Agreement Standard Form Page 5 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 22. Severability. Each provision of this Agreement is considered to be severable and, if, for any reason, any provision or part of this Agreement is determined to be invalid and contrary to applicable law, such invalidity shall not impair the operation of nor affect those portions of this Agreement that are valid, but this Agreement shall be construed and enforced in all respects as if the invalid or unenforceable provision or part had been omitted. 23. Order of Precedence. In the event of any conflicts or inconsistencies between this Agreement, its attachments, and exhibits, such conflicts and inconsistencies will be resolved by reference to the documents in the following order of priority: A. this Agreement (excluding attachments and exhibits); B. its attachments; C. the bid solicitation document including any addenda (Exhibit 1 ); then, D. the Contractor's bid response (Exhibit 2). 24. Certificate of Interested Parties. Contractor agrees to comply with Texas Government Code Section 2252.908, as it may be amended, and to complete Form 1295 "Certificate of Interested Parties" as part of this Agreement if required by said statute. 25. Governing Law. Contractor agrees to comply with all federal, Texas, and City laws in the performance of this Agreement. The applicable law for any legal disputes arising out of this Agreement is the law of the State of Texas, and such form and venue for such disputes is the appropriate district, county, or justice court in and for Nueces County, Texas. 26. Public Information Act Requirements. This paragraph applies only to agreements that have a stated expenditure of at least $1,000,000 or that result in the expenditure of at least $1,000,000 by the City. The requirements of Subchapter J, Chapter 552, Government Code, may apply to this contract and the Contractor agrees that the contract can be terminated if the Contractor knowingly or intentionally fails to comply with a requirement of that subchapter. 27. Entire Agreement. This Agreement constitutes the entire agreement between the parties concerning the subject matter of this Agreement and supersedes all prior negotiations, arrangements, agreements and understandings, either oral or written, between the parties. Supply Agreement Standard Form Page 6 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 CONTRACTOR DocuSigned by: Signature: o o��a® Printed Name-. Drew Cullen Title: Agent Date: 8/20/2024 CITY OF CORPUS CHRISTI Josh Chronley Assistant Director of Finance — Procurement Date: Attached and Incorporated by Reference: Attachment A: Scope of Work Attachment B: Bid/Pricing Schedule Attachment C: Insurance Requirements Attachment D: Warranty Requirements Incorporated by Reference Only: Exhibit l : RFB No. 5667 Exhibit 2: Contractor's Bid Response Supply Agreement Standard Form Page 7 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 y[3s Cam` 0 a H v NCOApppOP0.S£O ATTACHMENT A: SCOPE OF WORK 1.1 General Requirements/Background Information The Contractor shall provide hot mix asphaltic concrete pavement material on an as- needed basis. The material will be utilized for street maintenance repairs and street paving projects as outlined in this Scope of Work. 1.2 Scope of Work A. Product Material Requirement: 1 . The Contractor shall provide hot mix asphaltic concrete pavement material, PG 64-22, Type B (Fine Graded Base Surface), in accordance with Special Specification 3076 Dense-Graded Hot- Mix Asphalt of the Texas Department of Transportation 2014 Standard Specification. "Production Quality Control" will be the sole responsibility of the Contractor. No testing will be performed by the City's engineer unless the City deems it necessary to pull a random sample for testing. 2. The Contractor shall provide hot mix asphaltic concrete pavement, PG 64-22, Type D (Fine Graded Surface Coarse), in accordance with Special Specification 3076 Dense-Graded Hot- Mix Asphalt of the Texas Department of Transportation 2014 Standard Specification. "Production Quality Control" will be the sole responsibility of the Contractor. No testing will be performed by the Engineer unless the City deems it necessary to pull a random sample for testing. B. Loading Specifications: The Contractor shall guarantee that during loading hours, the City will be afforded the opportunity have trucks loaded at the plant with a first come, first loaded arrangement. C. Availability: 1 . The Contractor shall guarantee to have on-site a minimum 15-ton capacity, independently heated, storage silo, to be available at all times. This requirement is to ensure the City's Pothole Program is cost- effective accessing material being purchased avoiding unnecessary delays. 2. The pickup point must be within Nueces County. Material must be available for pickup daily Monday through Friday between the hours of 7:OOam - 5:30pm. Page 1 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 D. Specification Requirements The Contractor shall guarantee that the materials furnished is in compliance with the specifications. If material is found not to be in compliance with the specifications, the vendor will be responsible for all costs incurred by the City for removing defective material and replacing it with acceptable material. If the hot mix is not meeting the City specifications, the City reserves the right to request the following services: 1 . Testing a. The City reserves the right to request Contractor's TxDOT QC/QA template for daily production. b. The City of Corpus Christi or a laboratory designated by the City and the Contractor shall cooperate with the laboratory at all times to be sure that the material meets City specifications. c. If the laboratory tests indicate that the material provided to the City does not meet specifications, the City reserves the right to reject the material, and the Contractor will be obligated to cover the cost to remove and replace rejected material with materials that meet specifications. d. According to City specifications, the cost of all certified Laboratory tests and reports on materials necessary to control the quality of material delivered, shall be borne by the City only on materials tested. e. The cost of testing materials that do not meet City specifications shall be borne by the Contractor. 2. Material Samples: a. These guidelines will be followed when submitting material samples for testing. These samples will be used to solve any questions or disputes that arise during the contract period. b. At any time deemed necessary by the City, the Contractor shall provide material for testing to a laboratory designated by the City of Corpus Christi. c. The City reserves the right to witness any laboratory testing by the Contractor at any time deem necessary. d. When the Contractor sends sample material for testing, the Contractor will also enclose a letter of transmittal signed by an agent of the Contractor who submitted the material. The letter will delineate the kind of material, producer, location, and source of material. The exterior of the container utilized to transport the sample material for testing is required to carry the Contractor's Company name. Page 2 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 1.3 Special Instructions A. Ordering 1 . Standard Service for Hot Mix Asphaltic Concrete Pavement Material Type B, Type D, is Monday through Friday between the hours of 7:00 a.m. - 5:30 p.m. 2. Weekend service is a requirement for this contract. Weekend service for Hot Mix Asphaltic Concrete Pavement Material Type B & Type D is 7:00 a.m. - 5:30 p.m. 3. Afterhours service is required for this contract. Afterhours service for Hot Mix Asphaltic Concrete Pavement Type B &Type D is 5:30 p.m. to 2:00 a.m. 4. The estimated quantity for this commodity is based on previous buy history and future projections. The actual purchase will be in accordance with the Supply Agreement. 5. City staff will place the order with Contractor on a weekly basis and may cancel at the City's discretion. 6. City staff yearly tonnage estimate can vary by project, material type and quantity. The availability of quantity tonnage will adjust based on budget availability per year. Public Works anticipates using 40,000 tons of HMAC in 2024. This contract quantity could be exhausted before the contract end date. B. Billing 1 . The Contractor's discount rate shall remain fixed for the term of the contract. 2. Monthly tonnage rate must be submitted by the 20th of each month for the following month's orders. 3. Monthly billing cycle must be from the 25th of each month to the 24th of each following month. 1.4 Contractor Quality Control and Superintendence The Contractor shall establish and maintain a complete Quality Control Program that is acceptable to the Contract Administrator to assure that the requirements of the Contract are provided as specified Page 3 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 so ATTACHMENT B - PRICING ow � CITY OF CORPUS CHRISTI �± Pricing Form REV 3 v CONTRACTS AND PROCUREMENT CORPORA"" RFP No. 5667 1852 Hot Mix Asphaltic Concrete Pavement Material PAGE 1 OF 2 DATE: 06-05-24 Anderson Columiba Co, Inc. PROPOSER AUTHORIZED SIGNATURE 1. Refer to "Instructions to Proposers" and Contract Terms and Conditions before completing proposal. 2. Provide your best price for each item. 3. In submitting this proposal, Proposer certifies that: a. the prices in this proposal have been arrived at independently, without consultation, communication, or agreement with any other Proposer or competitor, for the purpose of restricting competition with regard to prices; b. Proposer is an Equal Opportunity Employer; and the Disclosure of Interest information on file with City's Contracts and Procurement office, pursuant to the Code of Ordinances, is current and true. c. Proposer has incorporated any changes issue through Addenda to the RFP in this pricing. 4. Discount Rate to stay fixed based on the proposal. 5. The original bid price per ton will be utilized for the first month's billing rate after the contract has been executed. 6. Monthly price per ton to be submitted to JiIITQcctexas.com by 1 PM on the 20th of each month for the following month's orders. 7. If no monthly price per ton is submitted by the deadline,the previous month's price per ton will be used. 8. Monthly billing cycle will be from the 25th each month to the 24th of each following month. SAMPLE HMAC Type D Monthly Base Price Per Ton $ 801W Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons 27, $ 78.40 1,001-3,000 Tons 47, $ 76.80 3,001+Tons G` $ 75.20 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 PAGE 2 OF 2 HMAC Type D Monthly Base Price Per Ton $ Annual Usage 33,000 Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons % $ $90.00 1,001-3,000 Tons % $ $90.00 I3,001+Tons % $ $90.00 HMAC Type B Monthly Base Price PerTon $ $82.00 Annual Usage 7,500 Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons 0.0 % $ $82.00 1,001-3,000 Tons 0.0 % $ $82,00 3,001+Tons 0.0 % $ $82.00 Annual Contract total to not exceed $4,500,000 ORDER CONTACT NAME: Doug Satz ORDER CONTACT PHONE#: 301-_8774253 0 Zee it ti Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 Attachment C: Insurance and Bond Requirements I. CONTRACTOR'S LIABILITY INSURANCE A. Contractor must not commence work under this agreement until all insurance required has been obtained and such insurance has been approved by the City. Contractor must not allow any subcontractor Agency to commence work until all similar insurance required of any subcontractor Agency has been obtained. B. Contractor must furnish to the City's Risk Manager and Contract Administer one (1) copy of Certificates of Insurance (COI) with applicable policy endorsements showing the following minimum coverage by an insurance company(s) acceptable to the City's Risk Manager. The City must be listed as an additional insured on the General liability and Auto Liability policies by endorsement, and a waiver of subrogation is required on all applicable policies. Endorsements must be provided with COI. Project name and or number must be listed in Description Box of COI. TYPE OF INSURANCE MINIMUM INSURANCE COVERAGE 30-written day notice of cancellation, Bodily Injury and p roperty required on all certificates or by Damage Per occurrence - applicable policy endorsements aggregate Commercial General Liability $1,000,000 Per Occurrence Including: 1. Commercial Broad Form 2. Premises -Operations 3. Products/Completed Operations 4. Contractual Liability 5. Independent Contractors 6. Personal Injury-Advertising Injury AUTO LIABILITY(including) $500,000 Combined Single Limit 1. Owned 2. Hired and Non-Owned 3. Rented/Leased WORKERS' COMPENSATION Statutory EMPLOYER'S LIABILITY $500,000/$500,000/$500,000 C. In the event of accidents of any kind related to this agreement, Contractor must furnish the Risk Manager with copies of all reports of any accidents within 10 days of the accident. II. ADDITIONAL REQUIREMENTS Page 2 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 A. Applicable for paid employees, Contractor must obtain workers' compensation coverage through a licensed insurance company. The coverage must be written on a policy and endorsements approved by the Texas Department of Insurance. The workers' compensation coverage provided must be in an amount sufficient to assure that all workers' compensation obligations incurred by the Contractor will be promptly met. B. Contractor shall obtain and maintain in full force and effect for the duration of this Contract, and any extension hereof, at Contractor's sole expense, insurance coverage written on an occurrence basis, by companies authorized and admitted to do business in the State of Texas and with an A.M. Best's rating of no less than A- VII. C. Contractor shall be required to submit a copy of the replacement certificate of insurance to City at the address provided below within 10 days of the requested change. Contractor shall pay any costs incurred resulting from said changes. All notices under this Article shall be given to City at the following address: City of Corpus Christi Attn: Risk Manager P.O. Box 9277 Corpus Christi,TX 78469-9277 D. Contractor agrees that with respect to the above required insurance, all insurance policies are to contain or be endorsed to contain the following required provisions: • List the City and its officers, officials, employees, volunteers, and elected representatives as additional insured by endorsement, as respects operations, completed operation and activities of, or on behalf of, the named insured performed under contract with the City, with the exception of the workers' compensation policy, • Provide for an endorsement that the "other insurance" clause shall not apply to the City of Corpus Christi where the City is an additional insured shown on the policy, • Workers' compensation and employers' liability policies will provide a waiver of subrogation in favor of the City, and • Provide thirty (30) calendar days advance written notice directly to City of any suspension, cancellation, non-renewal or material change in coverage, and not less than ten (10) calendar days advance written notice for nonpayment of premium. Page 2 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 E. Within five (5) calendar days of a suspension, cancellation, or non-renewal of coverage, Contractor shall provide a replacement Certificate of Insurance and applicable endorsements to City. City shall have the option to suspend Contractor's performance should there be a lapse in coverage at any time during this contract. Failure to provide and to maintain the required insurance shall constitute a material breach of this contract. F. In addition to any other remedies the City may have upon Contractor's failure to provide and maintain any insurance or policy endorsements to the extent and within the time herein required, the City shall have the right to order Contractor to remove the exhibit hereunder, and/or withhold any payment(s) if any, which become due to Contractor hereunder until Contractor demonstrates compliance with the requirements hereof. G. Nothing herein contained shall be construed as limiting in any way the extent to which Contractor may be held responsible for payments of damages to persons or property resulting from Contractor's or its subcontractor's performance of the work covered under this agreement. H. It is agreed that Contractor's insurance shall be deemed primary and non-contributory with respect to any insurance or self insurance carried by the City of Corpus Christi for liability arising out of operations under this agreement. I. It is understood and agreed that the insurance required is in addition to and separate from any other obligation contained in this agreement. Bond Requirements: No bonds are required. 2021 Insurance Requirements Ins. Req. Exhibit 4-13 Contracts for General Services - Services Performed Onsite 05/10/2021 Risk Management- Legal Dept. Page 3 of 3 Docusign Envelope ID:7BF5EB93-E5BF-41 F7-A27C-38E48CEC4113 ATTACHMENT D: WARRANTY REQUIREMENTS No warranty requirements for required. Page 1 of 1 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 SC G� SUPPLY AGREEMENT NO. 5998 U Hot Mix Asphaltic Concrete Pavement yCaeaoRp�� 1852 THIS Hot Mix Asphaltic Concrete Pavement Supply Agreement ("Agreement") is entered into by and between the City of Corpus Christi, a Texas home-rule municipal corporation ("City") and Berry Contracting, LP dba Bay LTD. ("Contractor"), effective upon execution by the City Manager or the City Manager's designee ("City Manager"). WHEREAS, Contractor has bid to provide Hot Mix Asphaltic Concrete Pavement in response to Request for Bid No. 5998 ("RFB"), which RFB includes the required scope of work and all specifications and which RFB and the Contractor's bid response are incorporated by reference in this Agreement as Exhibits 1 and 2, respectively, as if each were fully set out here in its entirety. NOW, THEREFORE, City and Contractor agree as follows: 1. Scope. Contractor will provide Hot Mix Asphaltic Concrete Pavement in accordance with the attached Scope of Work, as shown in Attachment A, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. "Goods," "products", and "supplies", as used in this Agreement, refer to and have the same meaning. 2. Term. (A) The Term of this Agreement is one year beginning on the date provided in the Notice to Proceed from the Contract Administrator or the City's Procurement Division. The parties may mutually extend the term of this Agreement for up to two additional one-year periods ("Option Period(s)"), provided, the parties do so in writing prior to the expiration of the original term or the then-current Option Period. (B) At the end of the Term of this Agreement or the final Option Period, the Agreement may, at the request of the City prior to expiration of the Term or final Option Period, continue on a month-to-month basis for up to six months with compensation set based on the amount listed in Attachment B for the Term or the final Option Period. The Contractor may opt out of this continuing term by providing notice to the City at least 30 days prior to the expiration of the Term or final Option Period. During the month-to-month term, either Party may terminate the Agreement upon 30 days' written notice to the other Party. 3. Compensation and Payment. This Agreement is for an amount not to exceed $4,500,000.00, subject to approved extensions and changes. Payment will be Supply Agreement Standard Form Page 1 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 made for goods delivered and accepted by the City within 30 days of acceptance, subject to receipt of an acceptable invoice. All pricing must be in accordance with the attached Bid/Pricing Schedule, as shown in Attachment B, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. Any amount not expended during the initial term or any option period may, at the City's discretion, be allocated for use in the next Option Period. Invoices must be mailed to the following address with a copy provided to the Contract Administrator: City of Corpus Christi Attn: Accounts Payable P.O. Box 9277 Corpus Christi, Texas 78469-9277 4. Contract Administrator. The Contract Administrator designated by the City is responsible for approval of all phases of performance and operations under this Agreement, including deductions for non-performance and authorizations for payment. The City's Contract Administrator for this Agreement is as follows: Name: Velma Pena Department: Public Works Phone: 361-826-1933 Email: VelmaP@cctexas.com 5. Insurance. Before performance can begin under this Agreement, the Contractor must deliver a certificate of insurance ("COI"), as proof of the required insurance coverages, to the City's Risk Manager and the Contract Administrator. Additionally, the COI must state that the City will be given at least 30 days' advance written notice of cancellation, material change in coverage, or intent not to renew any of the policies. The City must be named as an additional insured. The City Attorney must be given copies of all insurance policies within 10 days of the City Manager's written request. Insurance requirements are as stated in Attachment C, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety. 6. Purchase Release Order. For multiple-release purchases of products to be provided by the Contractor over a period of time, the City will exercise its right to specify time, place and quantity of products to be delivered in the following manner: any City department or division may send to Contractor a purchase release order signed by an authorized agent of the department or division. The purchase release order must refer to this Agreement, and products will remain with Supply Agreement Standard Form Page 2 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 the Contractor until such time as the products are delivered and accepted by the City. 7. Inspection and Acceptance. City may inspect all products supplied before acceptance. Any products that are delivered but not accepted by the City must be corrected or replaced immediately at no charge to the City. If immediate correction or replacement at no charge cannot be made by the Contractor, a replacement product may be bought by the City on the open market and any costs incurred, including additional costs over the item's bid price, must be paid by the Contractor within 30 days of receipt of City's invoice. 8. Warranty. (A) The Contractor warrants that all products supplied under this Agreement are new, quality items that are free from defects, fit for their intended purpose, and of good material and workmanship. The Contractor warrants that it has clear title to the products and that the products are free of liens or encumbrances. (B) In addition, the products purchased under this Agreement shall be warranted by the Contractor or, if indicated in Attachment D by the manufacturer, for the period stated in Attachment D. Attachment D is attached to this Agreement and is incorporated by reference into this Agreement as if fully set out here in its entirety. 9. Quality/Quantity Adjustments. Any quantities indicated on the Bid/Pricing Schedule are estimates only and do not obligate the City to order or accept more than the City's actual requirements nor do the estimates restrict the City from ordering less than its actual needs during the term of the Agreement and including any Option Period. Substitutions and deviations from the City's product requirements or specifications are prohibited without the prior written approval of the Contract Administrator 10. Non-Appropriation. The continuation of this Agreement after the close of any fiscal year of the City, which fiscal year ends on September 30th annually, is subject to appropriations and budget approval specifically covering this Agreement as an expenditure in said budget, and it is within the sole discretion of the City's City Council to determine whether or not to fund this Agreement. The City does not represent that this budget item will be adopted, as said determination is within the City Council's sole discretion when adopting each budget. 11. Independent Contractor. Contractor will perform the work required by this Agreement as an independent contractor and will furnish such products in its own manner and method, and under no circumstances or conditions will any agent, servant or employee of the Contractor be considered an employee of the City. Supply Agreement Standard Form Page 3 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 12. Subcontractors. In providing the Goods, Contractor will not enter into subcontracts or utilize the services of subcontractors. 13. Amendments. This Agreement may be amended or modified only in writing executed by authorized representatives of both parties. 14. Waiver. No waiver by either party of any breach of any term or condition of this Agreement waives any subsequent breach of the same. 15. Taxes. The Contractor covenants to pay payroll taxes, Medicare taxes, FICA taxes, unemployment taxes and all other applicable taxes. Upon request, the City Manager shall be provided proof of payment of these taxes within 15 days of such request. 16. Notice. Any notice required under this Agreement must be given by fax, hand delivery, or certified mail, postage prepaid, and is deemed received on the day faxed or hand-delivered or on the third day after postmark if sent by certified mail. Notice must be sent as follows: IF TO CITY: City of Corpus Christi Attn: Velma Pena Title: Contract Funds Administrator Address: 2525 Hygeia St., Corpus Christi, Texas 78415 Phone: 361-826-1933 Fax: 361-885-0038 IF TO CONTRACTOR: Berry Contracting, LP dba Bay Ltd. Attn: Jesus H. Wong Title: Area Manager Address: 1414 Valero Way, Corpus Christi, Texas 78409 Phone: 361-244-8668 Fax : 361-289-2304 17. CONTRACTOR SHALL FULLY INDEMNIFY, HOLD HARMLESS AND DEFEND THE CITY OF CORPUS CHRISTI AND ITS OFFICERS, EMPLOYEES AND AGENTS ("INDEMNITEES') FROM AND AGAINST ANY AND ALL LIABILITY, LOSS, CLAIMS, DEMANDS, SUITS, AND CAUSES OF ACTION OF WHATEVER NATURE, CHARACTER, OR DESCRIPTION ON ACCOUNT OF PERSONAL INJURIES, PROPERTY LOSS, OR DAMAGE, OR ANY OTHER KIND OF INJURY, LOSS, OR DAMAGE, INCLUDING ALL EXPENSES OF LITIGATION, COURT COSTS, ATTORNEYS' FEES AND EXPERT WITNESS FEES, Supply Agreement Standard Form Page 4 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 WHICH ARISE OR ARE CLAIMED TO ARISE OUT OF OR IN CONNECTION WITH A BREACH OF THIS AGREEMENT OR THE PERFORMANCE OF THIS AGREEMENT BY THE CONTRACTOR OR RESULTS FROM THE NEGLIGENT ACT, OMISSION, MISCONDUCT, OR FAULT OF THE CONTRACTOR OR ITS EMPLOYEES OR AGENTS. CONTRACTOR MUST, AT ITS OWN EXPENSE, INVESTIGATE ALL CLAIMS AND DEMANDS, ATTEND TO THEIR SETTLEMENT OR OTHER DISPOSITION, DEFEND ALL ACTIONS BASED THEREON WITH COUNSEL SATISFACTORY TO THE CITY ATTORNEY, AND PAY ALL CHARGES OF ATTORNEYS AND ALL OTHER COSTS AND EXPENSES OF ANY KIND ARISING OR RESULTING FROM ANY SAID LIABILITY, DAMAGE, LOSS, CLAIMS, DEMANDS, SUITS, OR ACTIONS. THE INDEMNIFICATION OBLIGATIONS OF CONTRACTOR UNDER THIS SECTION SHALL SURVIVE THE EXPIRATION OR EARLIER TERMINATION OF THIS AGREEMENT. 18. Termination. (A) The City may terminate this Agreement for Contractor's failure to comply with any of the terms of this Agreement. The City must give the Contractor written notice of the breach and set out a reasonable opportunity to cure. If the Contractor has not cured within the cure period, the City may terminate this Agreement immediately thereafter. (B) Alternatively, the City may terminate this Agreement for convenience upon 30 days advance written notice to the Contractor. The City may also terminate this Agreement upon 24 hours written notice to the Contractor for failure to pay or provide proof of payment of taxes as set out in this Agreement. 19. Owner's Manual and Preventative Maintenance. Contractor agrees to provide a copy of the owner's manual and/or preventative maintenance guidelines or instructions if available for any equipment purchased by the City pursuant to this Agreement. Contractor must provide such documentation upon delivery of such equipment and prior to receipt of the final payment by the City. 20. Limitation of Liability. The City's maximum liability under this Agreement is limited to the total amount of compensation listed in Section 3 of this Agreement. In no event shall the City be liable for incidental, consequential or special damages. 21. Assignment. No assignment of this Agreement by the Contractor, or of any right or interest contained herein, is effective unless the City Manager first gives written consent to such assignment. The performance of this Agreement by the Contractor is of the essence of this Agreement, and the City Manager's right to withhold consent to such assignment is within the sole discretion of the City Manager on any ground whatsoever. Supply Agreement Standard Form Page 5 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 22. Severability. Each provision of this Agreement is considered to be severable and, if, for any reason, any provision or part of this Agreement is determined to be invalid and contrary to applicable law, such invalidity shall not impair the operation of nor affect those portions of this Agreement that are valid, but this Agreement shall be construed and enforced in all respects as if the invalid or unenforceable provision or part had been omitted. 23. Order of Precedence. In the event of any conflicts or inconsistencies between this Agreement, its attachments, and exhibits, such conflicts and inconsistencies will be resolved by reference to the documents in the following order of priority: A. this Agreement (excluding attachments and exhibits); B. its attachments; C. the bid solicitation document including any addenda (Exhibit 1 ); then, D. the Contractor's bid response (Exhibit 2). 24. Certificate of Interested Parties. Contractor agrees to comply with Texas Government Code Section 2252.908, as it may be amended, and to complete Form 1295 "Certificate of Interested Parties" as part of this Agreement if required by said statute. 25. Governing Law. Contractor agrees to comply with all federal, Texas, and City laws in the performance of this Agreement. The applicable law for any legal disputes arising out of this Agreement is the law of the State of Texas, and such form and venue for such disputes is the appropriate district, county, or justice court in and for Nueces County, Texas. 26. Public Information Act Requirements. This paragraph applies only to agreements that have a stated expenditure of at least $1,000,000 or that result in the expenditure of at least $1,000,000 by the City. The requirements of Subchapter J, Chapter 552, Government Code, may apply to this contract and the Contractor agrees that the contract can be terminated if the Contractor knowingly or intentionally fails to comply with a requirement of that subchapter. 27. Entire Agreement. This Agreement constitutes the entire agreement between the parties concerning the subject matter of this Agreement and supersedes all prior negotiations, arrangements, agreements and understandings, either oral or written, between the parties. Supply Agreement Standard Form Page 6 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 CONTRACTOR Signed by: Signature: Printed Name: Jesus H. Wong Title: Area Manager Date: 8/20/2024 CITY OF CORPUS CHRISTI Josh Chronley Assistant Director of Finance — Procurement Date: Attached and Incorporated by Reference: Attachment A: Scope of Work Attachment B: Bid/Pricing Schedule Attachment C: Insurance Requirements Attachment D: Warranty Requirements Incorporated by Reference Only: Exhibit l : RFB No. 5998 Exhibit 2: Contractor's Bid Response Supply Agreement Standard Form Page 7 of 7 Approved as to Legal Form October 29, 2021 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 �[3S Cam` 0 a H v NCOApppOP0.S£O ATTACHMENT A: SCOPE OF WORK 1.1 General Requirements/Background Information The Contractor shall provide hot mix asphaltic concrete pavement material on an as- needed basis. The material will be utilized for street maintenance repairs and street paving projects as outlined in this Scope of Work. 1.2 Scope of Work A. Product Material Requirement: 1 . The Contractor shall provide hot mix asphaltic concrete pavement material, PG 64-22, Type B (Fine Graded Base Surface), in accordance with Special Specification 3076 Dense-Graded Hot- Mix Asphalt of the Texas Department of Transportation 2014 Standard Specification. "Production Quality Control" will be the sole responsibility of the Contractor. No testing will be performed by the City's engineer unless the City deems it necessary to pull a random sample for testing. 2. The Contractor shall provide hot mix asphaltic concrete pavement, PG 64-22, Type D (Fine Graded Surface Coarse), in accordance with Special Specification 3076 Dense-Graded Hot- Mix Asphalt of the Texas Department of Transportation 2014 Standard Specification. "Production Quality Control" will be the sole responsibility of the Contractor. No testing will be performed by the Engineer unless the City deems it necessary to pull a random sample for testing. B. Loading Specifications: The Contractor shall guarantee that during loading hours, the City will be afforded the opportunity have trucks loaded at the plant with a first come, first loaded arrangement. C. Availability: 1 . The Contractor shall guarantee to have on-site a minimum 15-ton capacity, independently heated, storage silo, to be available at all times. This requirement is to ensure the City's Pothole Program is cost- effective accessing material being purchased avoiding unnecessary delays. 2. The pickup point must be within Nueces County. Material must be available for pickup daily Monday through Friday between the hours of 7:OOam - 5:30pm. Page 1 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 D. Specification Requirements The Contractor shall guarantee that the materials furnished is in compliance with the specifications. If material is found not to be in compliance with the specifications, the vendor will be responsible for all costs incurred by the City for removing defective material and replacing it with acceptable material. If the hot mix is not meeting the City specifications, the City reserves the right to request the following services: 1 . Testing a. The City reserves the right to request Contractor's TxDOT QC/QA template for daily production. b. The City of Corpus Christi or a laboratory designated by the City and the Contractor shall cooperate with the laboratory at all times to be sure that the material meets City specifications. c. If the laboratory tests indicate that the material provided to the City does not meet specifications, the City reserves the right to reject the material, and the Contractor will be obligated to cover the cost to remove and replace rejected material with materials that meet specifications. d. According to City specifications, the cost of all certified Laboratory tests and reports on materials necessary to control the quality of material delivered, shall be borne by the City only on materials tested. e. The cost of testing materials that do not meet City specifications shall be borne by the Contractor. 2. Material Samples: a. These guidelines will be followed when submitting material samples for testing. These samples will be used to solve any questions or disputes that arise during the contract period. b. At any time deemed necessary by the City, the Contractor shall provide material for testing to a laboratory designated by the City of Corpus Christi. c. The City reserves the right to witness any laboratory testing by the Contractor at any time deem necessary. d. When the Contractor sends sample material for testing, the Contractor will also enclose a letter of transmittal signed by an agent of the Contractor who submitted the material. The letter will delineate the kind of material, producer, location, and source of material. The exterior of the container utilized to transport the sample material for testing is required to carry the Contractor's Company name. Page 2 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 1.3 Special Instructions A. Ordering 1 . Standard Service for Hot Mix Asphaltic Concrete Pavement Material Type B, Type D, is Monday through Friday between the hours of 7:00 a.m. - 5:30 p.m. 2. Weekend service is a requirement for this contract. Weekend service for Hot Mix Asphaltic Concrete Pavement Material Type B & Type D is 7:00 a.m. - 5:30 p.m. 3. Afterhours service is required for this contract. Afterhours service for Hot Mix Asphaltic Concrete Pavement Type B &Type D is 5:30 p.m. to 2:00 a.m. 4. The estimated quantity for this commodity is based on previous buy history and future projections. The actual purchase will be in accordance with the Supply Agreement. 5. City staff will place the order with Contractor on a weekly basis and may cancel at the City's discretion. 6. City staff yearly tonnage estimate can vary by project, material type and quantity. The availability of quantity tonnage will adjust based on budget availability per year. Public Works anticipates using 40,000 tons of HMAC in 2024. This contract quantity could be exhausted before the contract end date. B. Billing 1 . The Contractor's discount rate shall remain fixed for the term of the contract. 2. Monthly tonnage rate must be submitted by the 20th of each month for the following month's orders. 3. Monthly billing cycle must be from the 25th of each month to the 24th of each following month. 1.4 Contractor Quality Control and Superintendence The Contractor shall establish and maintain a complete Quality Control Program that is acceptable to the Contract Administrator to assure that the requirements of the Contract are provided as specified Page 3 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 ATTACHMENT B- PRICING so CITY OF CORPUS CHRISTI Pricing Form REV 3 CONTRACTS AND PROCUREMENT /pip FOR I p RFP No. 5667 1852 Hot Mix Asphaltic Concrete Pavement Material PAGE 1 OF 2 DATE: Berry Contracting, LP dba Bay Ltd. PROPOSER AUTHORIZED SIGNATURE 1. Refer to "Instructions to Proposers" and Contract Terms and Conditions before completing proposal. 2. Provide your best price for each item. 3. In submitting this proposal, Proposer certifies that: a. the prices in this proposal have been arrived at independently, without consultation, communication, or agreement with any other Proposer or competitor, for the purpose of restricting competition with regard to prices; b. Proposer is an Equal Opportunity Employer; and the Disclosure of Interest information on file with City's Contracts and Procurement office, pursuant to the Code of Ordinances, is current and true. c. Proposer has incorporated any changes issue through Addenda to the RFP in this pricing. 4. Discount Rate to stay fixed based on the proposal. 5. The original bid price per ton will be utilized for the first month's billing rate affer the contract has been executed. 6. Monthly price per ton to be submitted to JiIIT@cctexas.com by 1 PM on the 20th of each month for the following month's orders. 7. If no monthly price per ton is submitted by the deadline,the previous month's price per ton will be used. B. Monthly billing cycle will be from the 25th each month to the 24th of each following month. SAMPLE HMAC Type D Monthly Base Price Per Ton $ 80`00 Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons 2% $ 78.40 1,001-3,000 Tons 4% $ 76.80 3,001+Tons 1 6% $ 75.20 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 PAGE 2 OF 2 HMAC Type D Monthly Base Price PerTon $ 95.06 Annual Usage 33,000 Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons 0 % $ 95.06 1,001-3,000 Tons 1 % $ 94.11 3,001+Tons 2 % $ 93.16 HMAC Type B Monthly Base Price Per Ton $ 91.85 Annual Usage 7,500 Discount Rate(Percentage) Discounted Price Per Monthly Qty Usage Ton 1-1,000 Tons 0 % $ 91.85 1,001-3,000 Tons 0 % $ 91.85 3,001+Tons 0 % $ 91.85 An nual Contract total to not exceed $4,500,000 ORDER CONTACT NAME: Norma Saiz ORDER CONTACT PHONE#: 361-945-3796 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 Attachment C: Insurance and Bond Requirements I. CONTRACTOR'S LIABILITY INSURANCE A. Contractor must not commence work under this agreement until all insurance required has been obtained and such insurance has been approved by the City. Contractor must not allow any subcontractor Agency to commence work until all similar insurance required of any subcontractor Agency has been obtained. B. Contractor must furnish to the City's Risk Manager and Contract Administer one (1) copy of Certificates of Insurance (COI) with applicable policy endorsements showing the following minimum coverage by an insurance company(s) acceptable to the City's Risk Manager. The City must be listed as an additional insured on the General liability and Auto Liability policies by endorsement, and a waiver of subrogation is required on all applicable policies. Endorsements must be provided with COI. Project name and or number must be listed in Description Box of COI. TYPE OF INSURANCE MINIMUM INSURANCE COVERAGE 30-written day notice of cancellation, Bodily Injury and p roperty required on all certificates or by Damage Per occurrence - applicable policy endorsements aggregate Commercial General Liability $1,000,000 Per Occurrence Including: 1. Commercial Broad Form 2. Premises -Operations 3. Products/Completed Operations 4. Contractual Liability 5. Independent Contractors 6. Personal Injury-Advertising Injury AUTO LIABILITY(including) $500,000 Combined Single Limit 1. Owned 2. Hired and Non-Owned 3. Rented/Leased WORKERS' COMPENSATION Statutory EMPLOYER'S LIABILITY $500,000/$500,000/$500,000 C. In the event of accidents of any kind related to this agreement, Contractor must furnish the Risk Manager with copies of all reports of any accidents within 10 days of the accident. II. ADDITIONAL REQUIREMENTS Page 2 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 A. Applicable for paid employees, Contractor must obtain workers' compensation coverage through a licensed insurance company. The coverage must be written on a policy and endorsements approved by the Texas Department of Insurance. The workers' compensation coverage provided must be in an amount sufficient to assure that all workers' compensation obligations incurred by the Contractor will be promptly met. B. Contractor shall obtain and maintain in full force and effect for the duration of this Contract, and any extension hereof, at Contractor's sole expense, insurance coverage written on an occurrence basis, by companies authorized and admitted to do business in the State of Texas and with an A.M. Best's rating of no less than A- VII. C. Contractor shall be required to submit a copy of the replacement certificate of insurance to City at the address provided below within 10 days of the requested change. Contractor shall pay any costs incurred resulting from said changes. All notices under this Article shall be given to City at the following address: City of Corpus Christi Attn: Risk Manager P.O. Box 9277 Corpus Christi,TX 78469-9277 D. Contractor agrees that with respect to the above required insurance, all insurance policies are to contain or be endorsed to contain the following required provisions: • List the City and its officers, officials, employees, volunteers, and elected representatives as additional insured by endorsement, as respects operations, completed operation and activities of, or on behalf of, the named insured performed under contract with the City, with the exception of the workers' compensation policy, • Provide for an endorsement that the "other insurance" clause shall not apply to the City of Corpus Christi where the City is an additional insured shown on the policy, • Workers' compensation and employers' liability policies will provide a waiver of subrogation in favor of the City, and • Provide thirty (30) calendar days advance written notice directly to City of any suspension, cancellation, non-renewal or material change in coverage, and not less than ten (10) calendar days advance written notice for nonpayment of premium. Page 2 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 E. Within five (5) calendar days of a suspension, cancellation, or non-renewal of coverage, Contractor shall provide a replacement Certificate of Insurance and applicable endorsements to City. City shall have the option to suspend Contractor's performance should there be a lapse in coverage at any time during this contract. Failure to provide and to maintain the required insurance shall constitute a material breach of this contract. F. In addition to any other remedies the City may have upon Contractor's failure to provide and maintain any insurance or policy endorsements to the extent and within the time herein required, the City shall have the right to order Contractor to remove the exhibit hereunder, and/or withhold any payment(s) if any, which become due to Contractor hereunder until Contractor demonstrates compliance with the requirements hereof. G. Nothing herein contained shall be construed as limiting in any way the extent to which Contractor may be held responsible for payments of damages to persons or property resulting from Contractor's or its subcontractor's performance of the work covered under this agreement. H. It is agreed that Contractor's insurance shall be deemed primary and non-contributory with respect to any insurance or self insurance carried by the City of Corpus Christi for liability arising out of operations under this agreement. I. It is understood and agreed that the insurance required is in addition to and separate from any other obligation contained in this agreement. Bond Requirements: No bonds are required. 2021 Insurance Requirements Ins. Req. Exhibit 4-13 Contracts for General Services - Services Performed Onsite 05/10/2021 Risk Management- Legal Dept. Page 3 of 3 Docusign Envelope ID:AD71 EE3E-9CB3-49F5-A02A-9381858DE814 ATTACHMENT D: WARRANTY REQUIREMENTS No warranty requirements for required. Page 1 of 1 •' d Streets Team CITY OF CORPUS CH Department of Public • RAPCity ID . Corpus • �}� PAVEMENT O PROGRAM r Hotmix Procurement History and Moving Forward Contract Histor1 � RAPE O PROGRAM • Two Vendors Supply Hotmix • Previous split contract by % resulted in a rejected offer by the second lowest mBAY,td. bidder . • Result : Public Works A SIRRY Company obtained a contract with only one supplier . • Current Contract Expires 9/l/24 1 Contract Scope RAPID PAVEMENT PROGRAM -D()uii vendors submit pricing monthly. • Vendors able to bid more competitively with HBAYLtd. flexibility to make adjustments A SIRRY Company • Public Works can use either vendor to maximize financial efficiency and minimize downtime due to Service Disrupt3m. RAPID NZ 7 PAVEMENT PROGRAM Working Days 207 Total FY 2024 Disruption Service Days Hotmix Plant Down Availability 27D Utilizing a one vendor contract Full Service Days 4 i Asphalt p cmorcoxvuscnw,sn • — — • y PUBLIC WORKS RAPID PAVE m ENT Y852 _ r , .qus c . p+�x �mo�ro �:���:n 0 0� • - • - __�'!: PUBLIC WORKS , Y852 F 4 <w Questions ° RAPID �I^ PAVEMENT PkOGRAM Any Questions ? SC 0 C7 MCOBPOHP,0 AGENDA MEMORANDUM 1852 Action Item for the City Council Meeting August 27, 2024 DATE: July 16, 2024 TO: Peter Zanoni, City Manager FROM: Peter Collins, Chief Information Officer of Information Technology Pete rC(a)cctexas.com (361) 826-3735 Josh Chronley, Assistant Director of Finance & Procurement Josh C2(a)cctexas.com (361) 826-3169 Infor CareFor Managed Services CAPTION: Motion authorizing execution of a new five-year software and support agreement, with renewable one-year terms with Infor LLC, of New York, in an amount not to exceed $1,226,457.00, for the purchase and dedicated support of the Infor CareFor managed services software, providing the City of Corpus Christi with a dedicated support team, business application support, custom development and configuration, and release impact support for Infor's Financial, Human Resources, Permitting and Utility Billing modules currently used by the City, with FY 2024 funding of $245,291 .40 from the IT Enterprise Applications Fund. SUMMARY: The City of Corpus Christi currently uses Infor's Financial, Human Resources, Permitting and Utility Billing modules. The City of Corpus Christi wants to execute a contract with Infor for a managed services agreement which provides the City of Corpus Christi with the opportunity to have a dedicated support team, business application support, custom development and configuration, and release impact support. BACKGROUND AND FINDINGS: The City of Corpus Christi uses Infor for Finance (Accounts Payable, Accounts Receivable, Payroll, Travel, and Procurement), Human Resources (Recruitment, Benefits, Learning and Compensation), and Public Sector (Utility Billing and Development Services permitting). Infor also supports the Utility Billing Payment portal for citizens, as well as the online permit application process for developers. We are also in the process of implementing Infor's Workforce Management (WFM) (timekeeping) and Code Enforcement modules. With all the modules currently utilized by the City of Corpus Christi, the City would like to enter into a managed services agreement with Infor. This agreement will provide the City of Corpus Christi with the opportunity to have a dedicated support team, business application support, custom development and configuration, and release impact support. This agreement also allows for retraining, process improvement, and fine-tuning of current configurations and processes. • Dedicated support team: City of Corpus Christi will be assigned two resources who will provide service delivery oversight and escalations, plan priorities and align plans for process improvement for quarterly enhancement releases, help manage day-to-day operational progress and ensure. • Business Application Support: Infor will be readily available to help and support with reported issues and provide recommendations, support configurations, knowledge gaps, business process recommendations, data correction and user errors, as well as escalation services. • Solution Enhancement: Dedicated number of hours for development of custom processes or technical support, optimization of business processes and enablement of application custom configurations. • Release Impact Management: For every monthly and major bi-yearly releases, Infor will identify customer specific expected system impacts and coordinate enhancement training, testing and prioritization plan with the City of Corpus Christi. PROCUREMENT DETAIL: This procurement for the Infor license agreement is being facilitated through the Subscription License and Services Agreement between Infor (US), LLC ("Infor") and City of Corpus Christi, Texas ("Customer" or "Licensee") with an effective date of April 23, 2021 (the "Agreement"). ALTERNATIVES: Not to approve this managed services agreement with Infor. FISCAL IMPACT: The FY 2024 fiscal impact is $245,291 .40 to IT Enterprise Applications, with future years budgeted through the annual budgeting process. FUNDING DETAIL: Fund: 5210 Information Technology Organization/Activity: 40470 IT Enterprise Applications Project # (CIP Only): n/a Account: 530000 Professional Services RECOMMENDATION: Staff recommends approval of this motion authorizing this service agreement with Infor as presented. LIST OF SUPPORTING DOCUMENTS: Price Sheet Infor CareFor Managed Services Agreement City of Corpus Christi Price Sheet Sr. Buyer: Minerva Alvarado Infor CareFor Managed Services Finance & Procurement Infor, LLC New York Services Fees for Year 1 Quarterly Fee Total Year 1 Fees $61 ,322.85 $245,291 .40 Services Fees for Year 2 Quarterly Fee Total Year 2 Fees $61 ,322.85 $245,291 .40 Services Fees for Year 3 Quarterly Fee Total Year 3 Fees $61 ,322.85 $245,291 .40 Services Fees for Year 4 Quarterly Fee Total Year 4 Fees $61 ,322.85 $245,291 .40 Services Fees for Year 5 Quarterly Fee Total Year 5 Fees $61 ,322.85 $245,291 .40 Total $1,226,457.00 0 This Services Work Order("Work Order" or"SWO") is subject to all terms and conditions of the Professional Services Agreement between Infor (US), LLC ("Infor") and City of Corpus Christi, Texas ("Customer") with an Effective Date of 412312021 (the "Services Agreement"). All terms of the Services Agreement are incorporated herein by this reference. Capitalized terms not defined in this Work Order are defined in the Services Agreement. In the event of a conflict, the terms of this Work Order control over the terms of the Services Agreement. Customer City of Corpus Christi, Texas Opportunity Number OP-04519287 Effective Date Date of last Party's signature Start Services Date October 7, 2024 Prepared by Subramaniyam Vaithilingam Service Infor CareFor Services 1 .0 CareFor Services Overview Infor's CareFor Services("CareFor")are designed to assist customers with executing ongoing responsibilities in the post-go live phase related to the support,administration, and evolution of their Infor solution. Through defined capabilities within the CareFor portfolio, the CareFor Services team will help Customer sustain their Infor solution by performing certain responsibilities as defined in this Work Order. 2.0 Software & Services in Scope Infor shall provide Customer with services for the in-scope software as identified below and as described in Section 3.0 collectively, "Services"). The full sco e of the Services will start as of the Start Services Date above unless noted below. Business Extension Lifecycle Management Release Software User Count Application Support for Solution Impact Support Existing Enhancement Management Extensions Infor Public Sector(IPS)—Multi- In Scope In Scope In Scope Tenant 150 as Consumable as Consumable as Consumable In Scope Hours Hours Hours Infor Financials and Supply In Scope In Scope In Scope Management(FSM)—Multi- 4,000 as Consumable as Consumable as Consumable In Scope Tenant Hours Hours Hours Infor Human Resources&Talent In Scope In Scope In Scope (HRT)—Multi-Tenant 4,000 as Consumable as Consumable as Consumable In Scope Hours Hours Hours In Scope In Scope In Scope Infor Payroll—Multi-Tenant 4,000 as Consumable as Consumable as Consumable In Scope Hours Hours Hours Infor Workforce Management In Scope In Scope In Scope (WFM)—Multi-Tenant 2,000 as Consumable as Consumable as Consumable In Scope Hours Hours Hours Infor Expense Management In Scope In Scope In Scope (XM)—Multi-Tenant 5 as Consumable as Consumable as Consumable In Scope Hours Hours Hours Infor Configure-Price-Quote In Scope In Scope In Scope (CPQ)—Multi-Tenant 8,000 as Consumable as Consumable as Consumable In Scope Hours Hours Hours Software referenced herein is subject to the terms of the Software License Agreement and/or SaaS Agreement between the parties and nothing herein shall serve to modify such terms or expand the scope of the Software granted thereunder. Infor(US),LLC Services Work Order(Nov 2022) Page 1 of 7 2.1 Service Consumption As noted above, some of the service categories in the scope of the Work Order will be consumed by Customer using allocations of"Consumable Hours",which are defined as the resource hours spent on Customer-reported issues and requests, including time spent on triage, research, estimating, troubleshooting, Customer interaction, and resolution activities. • This Work Order includes 600 Consumable Hours for use within each year in the term of this Work Order. The Consumable Hours will be scheduled in four quarterly(3-month)allotments of 150 hours each. • Customer will utilize their Consumable Hours entitlement for all efforts within the following service categories, and as such, related Infor efforts will be deducted from the Customer's allocations: o Business Application Support as described in Section 3.1 o Extension Lifecycle Management Support as described in Section 3.2.1 o Extension Lifecycle Management Solution Enhancement as described in Section 3.2.2 Consumable Hours terms of usage o Customer may carry forward no more than one-third (1/3)of the Consumable Hours allotted from any 3-month period, if unused in that period, into the next 3-month period during the Term of this Work Order. o No carryover of Consumable Hours is permitted beyond the Term of this Work Order. o Customer may pull Consumable Hours forward from future allotments when mutually agreed by the Parties. o If Customer has utilized all authorized Consumable Hours and has additional requirements, Customer may purchase additional Consumable Hours as described in Section 9.0. o Hours spent by the Customer Experience Manager("CEM")or Service Operations Manager("SOM")in support of Services governance and management are not charged against the allotments of Consumable Hours. If a CEM or SOM is required to perform Consumable Hours activities, such time will be charged to the Consumable Hours allotment. 3.0 Services Description 3.1 Business Application Support Business Application Support refers to support of Customer issues and questions regarding use of the Infor applications beyond the scope of support defined and provided within the Customer's Software License Agreement or SaaS Agreement. Business Application Support consists of the following, as requested by Customer: • Troubleshoot and diagnose Customer-reported issues and service requests, and provide recommended actions for knowledge gaps, user errors, or data correction • Answer questions about standard in-scope application configuration, features, functionality, and extensibility tools • Escalate back to the Customer or appropriate Infor support organization if Customer issues or requests are not in the scope of this Work Order • Assist customer with clarification or execution of Infor Support ticket responses 3.2 Extension Lifecycle Management 3.2.1 Support of Existing Extensions Extension Lifecycle Management Support of Existing Extensions refers to support of the Customer's current in-scope inventory of unique configurations, personal izations,workflows, reports, interfaces, and other non-standard application objects ("Extensions"), and consists of the following as requested and approved by the Customer: • Support and troubleshoot issues that are diagnosed and confirmed to be caused by Extensions • Remediate Extensions to resolve reported issues • Remediate Extensions as needed in response to contents of application updates • Revert to standard features when custom code becomes obsolete with delivery of an application update 3.2.2 Solution Enhancement Extension Lifecycle Management Solution Enhancement refers to efforts, at Customer's request, to create new or modify Customer's existing Extensions and consists of the following as requested and approved by the Customer: • Develop new Extensions as requested and defined by Customer's business and technical requirements using Infor extensibility tools • Update Extensions to enable new Customer business or technical requirements • Assist with enablement of application configuration • Assist with efforts to optimize business processes Infor resource hours spent on Solution Enhancement requests are consumed from a fixed allotment of resource hours as defined in Section 2.1. As such, the resource(s)assigned to a service request will position a solution approach and an estimate of resource hours needed to satisfy the request. Once Customer provides approval, the CareFor team will schedule the work. Infor(US),LLC Services Work Order(Nov 2022) Page 2 of 7 3.3 Release Impact Management Release Impact Management refers to activities to evaluate and plan for the forthcoming cloud application update, and consists of the following: • Review planned contents of the cloud application update and develop Customer-specific list of expected impacts • For any Extensions included in the scope of Extension Lifecycle Management, provide recommendations for remediation and testing and review with Customer to confirm and prioritize • Jointly establish a plan with Customer for prioritized actions to be taken 4.0 Change Control Process "Change Control Process" means the below-described process to manage how changes that might arise during the term of the Services will be managed. Changes may include, but are not limited to, changes in efforts/costs,schedule/timeline,scope, or Deliverables. Both parties must agree to any changes to this Work Order pursuant to the Change Control Process before any services not set forth herein are performed. If either party believes a change to this Work Order is necessary, such party shall issue to the other party a written change request("Change Request"). In the case of a Customer-initiated Change Request, Infor will promptly evaluate the feasibility of the Change Request following receipt and will determine the impact to the Services cost and timelines. If additional scope of work necessary for the contemplated changes are not included in the Service Fees specified in the Service Fees section of this Work Order and are requested by Customer, the rate for such additional scope of work will be established at that time based on Infor's then-current rates. Infor shall provide Customer a written statement("Change Response")describing in detail: • Any additional scope of work to be performed because of the Change Request. • The estimated fee associated with such additional scope of work. • Any other information relating to the Change Request that may reasonably be requested by Customer. Customer shall respond promptly to any Infor-initiated Change Request. If Customer's authorized representative approves an Infor-initiated Change Request or a Change Response,with such approval to be in writing, such Change Request or Change Response shall be deemed to be a"Change Order."Any executed Change Order shall be deemed an amendment to this Work Order. The Infor Customer Experience Manager and the Customer primary contact recorded in the Customer Profile Document shall administer any approved Change Order. If Customer rejects an Infor-initiated Change Request, or any Change Response, Infor and Customer shall proceed to fulfill their obligations as originally agreed under this Work Order and any subsequent Change Order. 5.0 Services Delivery 5.1 Service Management Infor assigns two roles to guide the overall execution of the Services for Customer as follows: • Customer Experience Manager(CEM) o Provides post go-live service delivery oversight and serves as escalation point for Customer o Leads regularly scheduled service management meetings to discuss current activities and align on plans and priorities o Provides monthly service reporting and leads customer discussion of KPI performance o Serves as Customer contact for any non-standard requests • Service Operations Manager(SOM) o Supports and integrates with the activities of Customer Experience Manager as needed o Manages the day-to-day operational progress and priority of incidents and requests from Customer submission through resolution o Coordinates the resources and actions of the CareFor delivery team in line with Customer issue severities o Ensures status is communicated to Customer as defined and agreed in the Customer Profile Document 5.2 Service Engagement The following summarizes the engagement process for Customer service requests and Infor in subsequent support of service requests: • Support a specific, limited number of Customer users of the Services who will be identified and named in the Customer Profile Document and enabled to submit support requests in the Infor incident management system("Key Users") • Key Users will log issues and service requests as service incidents within the Infor Support Portal and add email addresses of any other Customer users who should be notified of service incident updates. Solution Enhancement requests are to be routed directly to the CareFor queue,whereas all others must be routed per standard procedure through Infor Support. Infor(US),LLC Services Work Order(Nov 2022) Page 3 of 7 • If the incident is within the scope of the Services, the Customer will be notified, and at which point the CareFor Service Operations Manager will initiate the Services under this Work Order. • The service incident will be assigned to a CareFor resource based on the description and severity of the incident. • The assigned CareFor resource(s)will review the incident and, if needed, collaborate with the Customer Key User to understand and resolve the issue or request. • Once a service request or issue resolution is completed and tested by the CareFor team, the Customer will be notified, and Customer will be responsible for user testing and confirmation of resolution. 5.3 Service Levels In delivery of the Services, Infor categorizes Customer requests according to the following Severity Levels. Once requests are routed to the CareFor team and a resource is assigned to address the request, they will engage with the Customer contact via the Infor Support Portal to clarify the request, gather information, or request a meeting if necessary(collectively, "Response"). The below summarizes the target response times for the Services: Severity Category Description Target Response Times Severity 1 Critical Production Service is unavailable for all users in production,or Service a critical business process in production has halted Per Customer's Unavailable with no acceptable workarounds contracted Infor product Severity 2 Major Impact Service is severely impaired causing disruption support plan response to important business processes and there is times no acceptable workaround. Severity 3 Medium Impact Service is partially impaired. There is disruption to Important business processes, but there is an acceptable short-term workaround Severity 4 Standard Service is fully operational. There are questions regarding functionality of the software or an issue where an acceptable workaround exists Solution Service request for new Extensions to existing solution Within 24 business hours Enhancement to meet new or changed Customer business requirements 6.0 Services Transition After Work Order execution, Infor will engage with Customer to conduct transition and onboarding activities to prepare to deliver the Services.This period shall involve the following activities: • Assignment by Customer of a transition lead to work with Infor on the development of a transition plan and manage the timely execution of related Customer responsibilities • Alignment on a transition plan,drafted by the Customer Experience Manager and Service Operations Manager, of service enablement deliverables, owners,stakeholders, and timelines • Review by the CareFor team of Customer's related technical and process documentation • Development and confirmation with Customer of a Customer Profile Document, specific to Customer, describing the aligned service and operational model, communication plan, and ongoing service reporting • Enablement of Customer identified Key Users of the Services with set up and training in CareFor service ticket creation and management using the Infor Support Portal 7.0 Services Assumptions The following assumptions apply generally to delivery of the Services in this Work Order and are in addition to any service category assumptions defined in Section 3.0: Services Design • All services will be performed remotely. If Customer requests, and the Parties mutually agree, that Infor provide onsite visits, Customer shall pay for reasonable travel and living expenses. • All communication will be in English. • Business hours for the Services are between 8:00 am and 5:00 pm US Central Time Monday through Friday • Customer will have no more than eight(8)Key Users of the Services. • Customer Key Users have a base knowledge and working understanding of the Infor applications, business processes, and technical skills related to their roles and will provide end user application support, including application navigation and end user process execution guidance. Infor Requirements to Deliver the Services • Customer has a current, valid, and paid contract for Infor Support for all the Infor products in scope. Infor(US),LLC Services Work Order(Nov 2022) Page 4 of 7 • All the credentials needed to access the in-scope Infor products and to provide the Services will be provided by Customer. • Customer will provide relevant contacts to assist Infor CareFor personnel during both transition and ongoing delivery of the Services. Failure to do so may impact Infor's ability to resolve incidents. • If necessary, site-to-site VPN information will be provided by the Customer to the CareFor team for configuration of the site- to-site VPN tunnel. • Customer will provide complete and accurate documentation of their key business processes and Extensions for in-scope applications.Where Infor Global Professional Services("GPS") is the implementation partner, the CareFor team will work with the GPS team to gather all available GPS-generated documentation as a first step. • If requested, Customer will provide evidence of successful testing as documented for all in-scope Extensions.Where requested evidence of successful testing can't be provided by Customer, Infor's ability to resolve incidents may be impacted. Resolution may require a separate engagement with Infor Global Professional Services or a certified Infor consulting partner.Any cost to Customer would be in addition to fees shown in Section 9.0 below. Limitations to Services Scope • Should Customer's named user counts shown in Section 2.0 increase by more than 10%at any time during the Term, the CareFor Change Control Process shall be followed to address such change in scope. • This Work Order does not include the delivery of consulting project work. As such, Infor reserves the right to consider a Customer-requested work effort to be a consulting project for reasons that include, but are not limited to, the requirement of deliverables not described in this Work Order, the inherent need for project management or integrated architecture design by Infor, or a requirement of services noted below in Section 8.0. Infor uses an expected level of effort of forty(40)or more Consumable Hours as a trigger to evaluate the nature of Customer-requested work efforts. If Infor determines a Customer- requested work effort to be a consulting project, the effort must then be engaged under a separate Work Order with Infor Global Professional Services or other consulting services provider. • Unless mutually agreed by the Parties, Customer will be responsible for test script development,test script maintenance, and test execution, related to or resulting from the Services • Unless mutually agreed by the Parties and included in the scope of Solution Enhancement, Customer will be responsible for documentation for use by or to support Customer's end users. • If additional Software or application modules are added or other changes to the scope of the Services are made,these will be accommodated as a Change Order to this Work Order after mutual review and acceptance by the Parties. • All changes to the Services will be handled using the CareFor Change Control Process described in Section 4.0. 8.0 Exclusions The following is a list of specific notable exclusions to the Services. This list is complementary to the scope of the Services defined above and within the Work Order, as such it does not represent a comprehensive list of exclusions to the Services. • Any other Infor product-related support or services not specifically defined herein • Services or responsibilities within the scope of Infor Software Support or Infor Cloud Operations • Services for any third-party products not listed in Section 2.0 • Infor and any other Software licensing • Infor product maintenance/support fees • New site rollouts, implementations, migrations, or initial application tenant setup • User acceptance testing • End-user training • Data archiving services • Data correction execution or any other DBA services • All support of Customer hardware and software used to access in-scope software 9.0 Services Fees Services Fees for Year 1 Quarterly Fee Total Year 1 Fees $61,322.85 $245,291.40 Services Fees for Year 2 Quarterly Fee Total Year 2 Fees $61,322.85 $245,291.40 Services Fees for Year 3 Quarterly Fee Total Year 3 Fees $61,322.85 $245,291.40 Infor(US),LLC Services Work Order(Nov 2022) Page 5 of 7 Services Fees for Year 4 Quarterly Fee Total Year 4 Fees $61,322.85 $245,291.40 Services Fees for Year 5 Quarterly Fee Total Year 5 Fees $61,322.85 $245,291.40 *All amounts are in US Dollars unless otherwise specified • The Services provided pursuant to this Work Order are provided on a fixed fee basis.Any variation to this Work Order must be agreed to in writing by the Parties to amend this Work Order accordingly. Billing and payment are not dependent or conditioned on delivery of deliverables contemplated herein or any other deliverables. • The Total Contract Value (TCV)for sixty(60)months is$1,226,457 • Additional allotments of Consumable Hours for the scope in Section 2.1 can be purchased in blocks of 40 hours at a cost of $6,800. 10.0 Payment Schedule Quarterly Fees will be invoiced in advance of the three-month period to which such fees apply. Fees do not include applicable taxes,which will be added to each invoice. Customer will pay each Infor invoice within 30 days from the date of the invoice in accordance with the Agreement. 11 .0 Work Order Term This Work Order shall commence as of the Effective Date set forth above and shall continue for an initial term of sixty (60) months from Start Service Date (the"Initial Term"). After the Initial Term,this Work Order shall automatically renew for successive one-year terms, (a"Renewal Term") unless either party provides written notice to the other party of non-renewal at least ninety(90)days prior to the commencement of a Renewal Term. Customer agrees that it will take all necessary steps and make timely requests for the appropriation of funds to make all payments called for under this Work Order, and use its best efforts and take all steps to cause such appropriations to be made. In the event that(i)funds for the succeeding fiscal period cannot be obtained, (ii)Customer has exhausted all legally available means for making payment called for under this Work Order, and (iii)no funds have been appropriated for the acquisition of such Services, then Customer may terminate this Work Order at the end of any fiscal period by giving notice to Infor as soon as reasonably practicable. Customer represents that funding has been appropriated sufficient to pay amounts due under this Work Order for the current fiscal year. Afterthe Initial Term,the annual renewal cap shall be six percent(6%)orthe then-current year-over-year increase in the Consumer Price Index (CPI-U),whichever is greater and shall apply to future annual renewals. Infor(US),LLC Services Work Order(Nov 2022) Page 6 of 7 THE PARTIES have executed this Work Order through the signatures of their respective authorized representatives. INFOR(US), LLC City of Corpus Christi, Texas Signature: Signature: Printed Name: Printed Name: Josh Chronley Title: Title:Assistant Director of Contracts and Procurement Address: Address: 1201 Leopard Street Address: Corpus Christi, TX 78401 Signature Date: Signature Date: Invoices MUST be mailed to: Contact, if different from above: Company Name: Printed Name: Contact Name: Title: Address: Address: Address: Address: Phone: Phone: Email Address: Email Address: SERVICES ENGAGEMENT SET UP—INTERNAL USE ONLY Engagement Manager: CLARITY USERS Time Approver: Alternate Approver: Item Class: Product: CHANGEPOINT USERS Expense&Alternate Approver: Customer Acct#: RHQ/Business Unit: Customer Type: Billing Office: Region/Vertical: Location State(Work Performed): Item Class: Product: Infor(US),LLC Services Work Order(Nov 2022) Page 7 of 7 .bus cr 0 h U 'NCORPOPPE AGENDA MEMORANDUM Action Item for the City Council Meeting of August 27, 2024 DATE: August 20, 2024 TO: Peter Zanoni, City Manager FROM: Jeff H. Edmonds, P. E., Director of Engineering Services a effreye(a)cctexas.com (361) 826-3851 Nicholas Winkelmann, P.E, Director of Water Systems and Support Services NickW(a)cctexas.com (361) 826-1796 Josh Chronley, CTCD, Assistant Director of Finance & Procurement 0oshc2(a)-cctexas.com (361) 826-3169 Professional Services Contract Blucher Park Wastewater Improvements CAPTION: Motion authorizing a professional services contract with LJA Engineering, Inc., Corpus Christi, Texas, to provide a Preliminary Engineering Report for the Blucher Park Wastewater Improvements Project in an amount not to exceed $240,020.00, located in Council District 1, with FY 2024 funding available from Wastewater Capital Fund. SUMMARY: This motion authorizes approval of a professional services contract to complete a Preliminary Engineering Report for the Blucher Park Wastewater Improvements project. The project is required to address a confirmed capacity constraint which has been identified as part of the investigation and analysis associated with the Consent Decree. BACKGROUND AND PURPOSE: On January 11, 2021, the City entered into a 15-year Consent Decree agreement with the Environmental Protection Agency (EPA), Department of Justice (DOJ), and the Texas Commission on Environmental Quality (TCEQ). The agreement identifies various benchmarks for the condition and capacity assessment of our wastewater system. Condition assessment is focused on the collection system infrastructure and requires cleaning and close captioned television (cctv) inspection of force mains and gravity sewer mains. This infrastructure also includes manholes and air relief valves. Condition assessment analysis leads to repair, replacement, mitigation, and increased frequencies of cleaning and inspection. The capacity assessment of the system included the development of a hydraulic model. Field inspection and rainfall measurement were also conducted to confirm the conditions of the model and the influence of inflow and infiltration. After the completion of the modeling and further analysis of historic sanitary sewer overflows (SSO), remedial measures throughout the system have been identified. These measures are to be completed as a condition of compliance with the agreement. This investigation and hydraulic analysis have confirmed a capacity constraint resulting in constrained and inefficient wastewater flows in the Blucher Park area. The inability of the collection system to function properly has resulted in consistent SSOs. This project will assess the existing wastewater collection system and a new design will be developed which will significantly modify and upgrade the wastewater infrastructure in the area. The design improvements will alleviate the capacity constraints and reduce the likelihood of an SSO. The Preliminary Engineering Report will investigate different options, provide preliminary layout drawings, construction sequencing, alignment, right-of-way requirements, identify parameters that may affect design, and other factors required for professional design. PROJECT TIMELINE: 2024 - 2025 A S O N D J F Design Projected schedule reflects City Council award in August 2024, with anticipated ELR completion in February 2025. COMPETITIVE SOLICITATION PROCESS: LJA Engineering, Inc. was selected in May 2024 under RFQ 5036 for Blucher Park Wastewater Improvements projects, which was one of three projects announced under the Wastewater CIP Projects category of the RFQ. The final evaluation ranked LJA Engineering, Inc. as one of the highest ranked firms based on eight factors: 1) experience on projects of similar scope and complexity, 2) demonstrated capability & capacity on comparable projects, 3) past performance, 4) team members with experience and qualifications, 5) team members experience with work of similar scope and complexity, 6) availability of resources to accomplish the work, 7) demonstrated understanding of scope of services, 8) demonstrated understanding and experience with similar services with a public agency. LJA Engineering, Inc. has over 50 years of experience. In 2015 and 2016, LJA quired two Corpus Chrisi firms. These firms had been working in and with the City of Corpus Christi on streets, drainage, water and wastewater since 1989. LJA Engineering, Inc. has successfully completed various City projects. Some of the projects are Laguna Shores Force Main Replacement, McBride Lift Station and Force Main, Sharpsburg Lift Station and Up River Road Force Main, and Cimarron/Yorktown Lift Station. ALTERNATIVES: Not awarding the contract for professional services to LJA Engineering, Inc. will delay necessary improvements to the Blucher Park area, causing more costly repairs to the infrastructure and property and increasing the risk of SSOs. Additionally, not awarding this contract would jeopardize the City's ability to meet the established goals of the Consent Decree Agreement. FISCAL IMPACT: The fiscal impact for FY 2024 is an amount not to exceed $240,020.00 with funding available through the Wastewater Capital Fund. FUNDING DETAIL: Fund: Wastewater CIP (Fund 4260) Department: Wastewater (46) Org: 89 Project: Blucher Park Wastewater Improvements (Project 23018) Account: Outside Consultants (550950) Activity: 23018 Amount: $240,020.00 RECOMMENDATION: Staff recommends approval of the professional services contract with LJA Engineering, Inc., in the amount not to exceed $240,020.00 for Blucher Park Wastewater Improvements project. The ELR phase will begin in August 2024 with anticipated completion in February 2025. LIST OF SUPPORTING DOCUMENTS: Location & Vicinity Maps Evaluation Matrix CIP Page Contract Presentation RFQ No. 5036 Professional Engineering Services FY2024 Wastewater Projects Only Proposal Evaluation Score UA Halff Associates Urban Engineering Corpus Christi Corpus Christi Corpus Christi Minimum Qualifications Pass/Fail Pass Pass Pass Licensing/Certification No Material Lawsuits Past 5 Years No Material Regulatory Issues Past 5 Years i References Provided for Firm Minimum Qualifications Pass/Fail Pass Pass Pass Technical Proposal Experience on projects of similar scope and complexity 7.0 4.9 5.3 4.9 Demonstrated capability&capacity on comparable projects 7.0 4.2 5.3 4.6 Past Performance 7.0 6.7 5.3 4.2 Team members with experience and qualifications 7.0 5.6 4.6 3.5 Team members experience with work of similar scope and complexity 7.0 5.3 5.3 4.2 Availability of resources to accomplish the work 7.0 4.2 4.9 3.5 Demonstrated understanding of the scope of services 14.0 11.2 11.2 11.2 Demonstrated understanding and experience with a public agency 14.0 12.6 11.2 10.5 Subtotal Technical Proposal 70.0 54.6 52.9 46.6 Interview Experience on projects of similar scope and complexity 4.0 3.8 4.0 3.8 Demonstrated capability&capacity on comparable projects 4.0 3.6 3.6 3.8 Past Performance 2.0 1.9 1.6 1.9 Team members with experience and qualifications 4.0 3.8 3.8 4.0 Team members experience with work of similar scope and complexity 4.0 3.8 3.6 3.8 Availability of resources to accomplish the work 2.0 1.8 1.9 1.9 Demonstrated understanding of the scope of services 5.0 5.0 4.5 4.8 Demonstrated understanding and experience with a public agency 5.0 1 5.0 4.8 4.8 Subtotal Interview 30.0 28.7 27.8 28.7 Total Score 100.0 83.3 80.6 1 75.3 Projects Selected 23018-Blucher Park Citywide Wastewater IDIQ 24106-Northwest Blvd. Wastewater Improvements I Wastewater Infrastructure RFQ No. 5036 Professional Engineering Services FY2024 Wastewater Projects Only Proposal Evaluation Score Garver Ardurra Plummer Houston Corpus Christi Corpus Christi Minimum Qualifications Pass/Fail Pass Pass Pass Licensing/Certification No Material Lawsuits Past 5 Years No Material Regulatory Issues Past 5 Years ' References Provided for Firm Minimum Qualifications Pass/Fail Pass Pass Pass Technical Proposal Experience on projects of similar scope and complexity 7.0 5.3 4.9 5.3 Demonstrated capability&capacity on comparable projects 7.0 6.0 4.6 4.6 Past Performance 7.0 3.9 2.1 4.9 Team members with experience and qualifications 7.0 6.0 4.2 4.9 Team members experience with work of similar scope and complexity 7.0 6.0 3.9 4.2 Availability of resources to accomplish the work 7.0 5.6 4.6 4.2 Demonstrated understanding of the scope of services 14.0 9.8 9.8 7.7 Demonstrated understanding and experience with a public agency 14.0 10.5 12.6 11.2 Subtotal Technical Proposal 70.0 52.9 46.6 46.9 Interview Experience on projects of similar scope and complexity 4.0 3.0 3.0 2.6 Demonstrated capability&capacity on comparable projects 4.0 2.4 2.8 2.2 Past Performance 2.0 1.2 1.2 1.3 Team members with experience and qualifications 4.0 3.0 2.8 2.8 Team members experience with work of similar scope and complexity 4.0 2.8 2.8 2.4 Availability of resources to accomplish the work 2.0 1.3 1.2 1.2 Demonstrated understanding of the scope of services 5.0 3.5 3.8 2.8 Demonstrated understanding and experience with a public agency 5.0 1 3.5 4.3 3.3 Subtotal Interview 30.0 20.7 21.8 1 18.5 Total Score 100.0 68.4 65.4 Projects Selected RFQ No. 5036 Professional Engineering Services FY2024 Wastewater Projects Only Proposal Evaluation Score Jacobs Engineering Hanson J.Schwarz Corpus Christi Corpus Christi Corpus Christi Minimum Qualifications Pass/Fail Pass Pass Pass Licensing/Certification w, No Material Lawsuits Past 5 Years t No Material Regulatory Issues Past 5 Years 4f References Provided for Firm qrf Minimum Qualifications Pass/Fail Pass Pass Pass Technical Proposal Experience on projects of similar scope and complexity 7.0 3.5 3.9 3.5 Demonstrated capability&capacity on comparable projects 7.0 3.9 3.9 3.5 Past Performance 7.0 3.5 3.2 4.2 Team members with experience and qualifications 7.0 5.3 4.2 3.9 Team members experience with work of similar scope and complexity 7.0 4.2 4.6 3.9 Availability of resources to accomplish the work 7.0 5.3 3.2 3.2 Demonstrated understanding of the scope of services 14.0 7.7 7.7 7.7 Demonstrated understanding and experience with a public agency 14.0 9.8 10.5 11.2 Subtotal Technical Proposal 70.0 43.1 41.0 41.0 Interview Experience on projects of similar scope and complexity 4.0 0.0 0.0 0.0 Demonstrated capability&capacity on comparable projects 4.0 0.0 0.0 0.0 Past Performance 2.0 0.0 0.0 0.0 Team members with experience and qualifications 4.0 0.0 0.0 0.0 Team members experience with work of similar scope and complexity 4.0 0.0 0.0 0.0 Availability of resources to accomplish the work 2.0 0.0 0.0 0.0 Demonstrated understanding of the scope of services 5.0 0.0 0.0 0.0 Demonstrated understanding and experience with a public agency 5.0 1 0.0 0.0 0.0 Subtotal Interview 30.0 0.0 0.0 1 0.0 Total Score 100.0 431 41.0 41.0 Projects Selected RFQ No. 5036 Professional Engineering Services FY2024 Wastewater Projects Only Lockwood Andrews and Proposal Evaluation Score Pape Dawson Mendez Newnam Corpus Christi Corpus Christi Corpus Christi Minimum Qualifications Pass/Fail Pass Pass Pass Licensing/Certification No Material Lawsuits Past 5 Years t No Material Regulatory Issues Past 5 Years c References Provided for Firm of Minimum Qualifications Pass/Fail Pass Pass Pass Technical Proposal Experience on projects of similar scope and complexity 7.0 4.6 4.9 3.2 Demonstrated capability&capacity on comparable projects 7.0 3.5 4.2 2.8 Past Performance 7.0 2.1 2.5 3.5 Team members with experience and qualifications 7.0 4.9 3.9 3.2 Team members experience with work of similar scope and complexity 7.0 4.9 3.9 2.8 Availability of resources to accomplish the work 7.0 3.9 3.2 3.9 Demonstrated understanding of the scope of services 14.0 9.1 7.7 7.7 Demonstrated understanding and experience with a public agency 14.0 7.7 8.4 8.4 Subtotal Technical Proposal 70.0 40.6 38.5 35.4 Interview Experience on projects of similar scope and complexity 4.0 0.0 0.0 0.0 Demonstrated capability&capacity on comparable projects 4.0 0.0 0.0 0.0 Past Performance 2.0 0.0 0.0 0.0 Team members with experience and qualifications 4.0 0.0 0.0 0.0 Team members experience with work of similar scope and complexity 4.0 0.0 0.0 0.0 Availability of resources to accomplish the work 2.0 0.0 0.0 0.0 Demonstrated understanding of the scope of services 5.0 0.0 0.0 0.0 Demonstrated understanding and experience with a public agency 5.0 1 0.0 0.0 0.0 Subtotal Interview 30.0 0.0 0.0 1 0.0 Total Score 100.0 40.6 38.5 35.4 Projects Selected RFQ No. 5036 Professional Engineering Services FY2024 Wastewater Projects Only Civil&Environmental Proposal Evaluation Score Consultants Lefevre SAMES Corpus Christi Port Mansfield McAllen Minimum Qualifications Pass/Fail Pass Pass Pass Licensing/Certification No Material Lawsuits Past 5 Years t No Material Regulatory Issues Past 5 Years References Provided for Firm " Minimum Qualifications Pass/Fail Pass Pass Pass Technical Proposal Experience on projects of similar scope and complexity 7.0 2.8 2.8 2.1 Demonstrated capability&capacity on comparable projects 7.0 2.5 2.1 2.5 Past Performance 7.0 2.8 3.2 3.2 Team members with experience and qualifications 7.0 2.5 3.5 2.5 Team members experience with work of similar scope and complexity 7.0 2.5 3.2 2.1 Availability of resources to accomplish the work 7.0 3.2 2.1 3.9 Demonstrated understanding of the scope of services 14.0 7.7 6.3 3.5 Demonstrated understanding and experience with a public agency 14.0 7.7 6.3 4.9 Subtotal Technical Proposal 70.0 31.5 29A 24.5 Interview Experience on projects of similar scope and complexity 4.0 0.0 0.0 0.0 Demonstrated capability&capacity on comparable projects 4.0 0.0 0.0 0.0 Past Performance 2.0 0.0 0.0 0.0 Team members with experience and qualifications 4.0 0.0 0.0 0.0 Team members experience with work of similar scope and complexity 4.0 0.0 0.0 0.0 Availability of resources to accomplish the work 2.0 0.0 0.0 0.0 Demonstrated understanding of the scope of services 5.0 0.0 0.0 0.0 Demonstrated understanding and experience with a public agency 5.0 1 0.0 0.0 0.0 Subtotal Interview 30.0 0.0 0.0 1 0.0 Total Score 100.0 3 .S 29.4 24.5 Projects Selected Capital Improvement Flan 2024 thru 2026 City of Corpus Christi, Texas Project# 23018 Project Name Blucher Park Wastewater Improvements Type improvement/Additions Department Wastewater Useful Life 25 years Contact Director of Water Utilities Category Wastewater Priority Critical-Condition\longevity Council District 1 Status Active Description The wastewater system in the Blucher Park area has been confirmed as a capacity constraint using field data and the wastewater hydraulic model. This project will assess the existing wastewater collection system and a new design will be developed which will significantly modify and upgrade the wastewater infrastructure in this area. The designed improvements will alleviate the capacity constraint(s). Justification Successful Completion of this project will address a defined capacity constraint as established in the Consent Decree Hydraulic Model.The elimination of this capacity will reduce the potential and likelihood of sanitary sewer overflows(SSO). Expenditures Prior Years 2024 2025 2026 Total Construction/Rehab 2,500,000 2,500,000 Design 190,000 190,000 Contingency 500,000 500,000 Eng,Admin Reimbursements 19,000 250,000 269,000 Total 209,000 3,250,000 3,459,000 Funding Sources Prior Years 2024 2025 2026 Total Revenue Bonds 209,000 3,250,000 3,459,000 Total 209,000 3,250,000 3,459,000 Budget Impact/Other 71 An assessment will be done upon completion of project to determine maintenance costs.This project is required to upgrade infrastructure to accommodate wastewater flows and meet the conditions of the Consent Decree. 331 ° 1 c o 16"PATER IN EXTION ENSION s HW 286-AL MEDA STREET HWY 286-NLNMEDN STREET ! � CORPUS CHRISTI BAY � �O °ou q If O �qYs r SCALE: N.T.S. q$g `yo 3 VICINITY MAP NOT TO SCALE • • _e z 1 4 1 d 41 db Ica !r r '' PROJECT LOCATION 4 .� LEOPARD ST. !� p CIO i Z __q LIPAN ST. ` N Y 'It + # 1 Z + � 1 0 A AL 1 `fir a '' �` }t •�. MORGAN AVE. i iiiii" �" • . l i I �sT. �;• � , B`UDNER ST- » i. � r. �s CAI-DWEI- •� MUSSE•n ST. w 07 r � '1 KINNEY ST. -+ " Tim LOCATION MAP i NOT TO SCALE Project Number: 23018 BLUCHER PARK CITY COUNCIL EXHIBIT WASTEWATER IMPROVEMENTS CITY OF CORPUS CHRISTI,TEXAS DEPARTMENT OF ENGINEERING SERVICES A Carpus Chr sti Engineering Blucher Park Wastewater Improvements Council Presentation August 20, 2024 Project Location Corpus Chr sti Engineering Wre + N SCU:NUs. sr YICINI �MAP ' I PROJECT LOCATION^ _ 11 ] rN r m4 LEOPARD GT. .. 1 we It, 4 I LOCATIO N MAP a Project Number:23018 Project Scope Corpus ChrSO Engineering A brief summary of Preliminary Engineering Report is as follows: • Address existing wastewater collection system. • Recommend upgrades to the wastewater infrastructure in the area. • Investigate different options, provide preliminary layout drawings, construction sequencing, alignment, right-of-way requirements, identify parameters that may affect design, and other factors required. 3 Project Schedule *Ch,� Engineering 2024 - 2025 ii O N D J F Desig n Projected Schedule reflects City Council award in August 2024 with anticipated ELR completion in February 2025. se 0 0 AGENDA MEMORANDUM First Reading for the City Council Meeting of August 27, 2024 NoRPa PP¢ 1852 Second Reading for the City Council Meeting of September 3, 2024 DATE: August 27, 2024 TO: Peter Zanoni, City Manager FROM: Heather Hurlbert, CPA, CGFO —Assistant City Manager HeatherH3(a)cctexas.com (361) 826-3506 Miles Risley, City Attorney MilesR(a)cctexas.com (361) 826-3873 Reestablishing Industrial Districts and authorizing City Manager to execute Industrial District Agreements for a 15 year period CAPTION: Ordinance authorizing execution of new 15 year Industrial District Agreements (IDAs); and reestablishing the land areas located within the extraterritorial jurisdiction of the City of Corpus Christi, Texas as Industrial Districts Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11 . SUMMARY: The current IDAs expire December 31 , 2024. The new IDA provides for annual payments to the City in lieu of ad valorem taxes ("PILOT) equal to: (1) 100% of the ad valorem taxes based on market value of the land; and (2) 74.5% of ad valorem taxes based on market value of the improvements affixed and placed in use for more than 4 calendar years. In exchange, the City agrees not to annex the land during the term of the IDA except as otherwise provided in the IDA. In addition, the IDAs provide for voluntary annexation (1) when the land owner fails to timely cure any default or (2) when the Texas Legislature adopts a bill that will in the sole but reasonable and continuing opinion of the City result in a prohibition of annexation of all or part of the land or (3)when the land owner indicates an intent to seek annexation in lieu of the application of the Industrial District Agreement or (4) to the extent necessary to annex a corridor of property as provided for in Section 1.03 of the Industrial District Agreement. BACKGROUND AND FINDINGS: The City has had industrial districts since 1981 to enhance economic stability by attracting the location of new and the expansion of existing industries to be located within the industrial districts. Texas Local Government Code Section 42.044 authorizes municipalities to contract with owners of land in an industrial district to guarantee the continuation of the extraterritorial jurisdiction (ETJ) status of the district and its immunity from annexation for a period not to exceed 15 years each. The City currently has about 80 current IDAs with terms that expire December 31, 2024. In FY 2023, the estimated billing for IDAs was $28,000,000. The companies are billed each year for their PILOTs under the terms of the IDAs. Payments are due January 31 each year. The City provides limited services to the companies located within the industrial districts and does not maintain streets within the districts. Negotiations with industries for a new IDA began in December 2023. The City worked with experts in the field and reviewed practices of other cities that have Industrial Districts including Houston for best practices. The major contract aspects that resulted as a product of the negotiations are as follows: • The new PILOTs on improvements affixed and placed in use for more than 4 calendar years will increase from 62.5% to 74.5% of the amount of ad valorem taxes which would otherwise be payable if the improvements were located within the City limits. This is a 19% increase from the prior agreement. • The PILOTs for land will remain at 100% of the amount of the ad valorem taxes which would otherwise be payable if the property were located within the City limits. • The new IDA allows companies to receive same tax exemption as allowed by Texas Tax Code Section 11.31 for pollution control property. • The new IDA allows companies to submit an alternate estimated PILOT in the event there is a legal challenge to the appraised value. Upon finalization of the lawsuit, the PILOT is adjusted to reflect the adjudicated value. The proposed Ordinance authorizes execution of a new standard form IDA attached to the Ordinance. • The new IDA requires the companies to execute a voluntary petition for annexation to be utilized in any of the following events 1) if the land owner fails to timely cure any default or (2) if the Texas Legislature adopts a bill that will in the sole but reasonable and continuing opinion of the City result in a prohibition of annexation of all or part of the land or (3) if the land owner indicates an intent to seek annexation in lieu of the application of the Industrial District Agreement or (4) to the extent necessary to annex a corridor of property as provided for in Section 1 .03 of the Industrial District Agreement. In the event of voluntary annexation due to bill adopted by the Texas Legislature, the IDA provides for execution of a 380 Agreement to allow the parties to receive the same benefits as if the land remained in the City's ETJ. • The new IDA requires all companies to install backflow/airgap equipment in accordance with the City Plumbing Code to ensure the safety of the City's water supply. In addition to the standard form IDA, the Ordinance also authorizes IDAs with payments equal to 100% ad valorem taxation on all land, improvements and property for the three companies whose properties had previously received requested disannexation. The new agreements are estimated to generate an additional $5.0 million annually in revenue for the City beginning in Fiscal Year 2026. Per the City's financial policy, 5% of the revenue generated by the IDA's funds Residential Streets and 5% funds Street Maintenance. ALTERNATIVES: - Not execute a new IDA and collect no payments from the Industrial Districts - Not execute a new IDA and pursue annexation of the Industrial District land - Extend the current IDA with the same terms FISCAL IMPACT: Funding Detail: Fund: Organization/Activity: Mission Element: Project # (CIP Only): Account: RECOMMENDATION: Staff recommends approval of the Ordinance. LIST OF SUPPORTING DOCUMENTS: Ordinance reestablishing Industrial Districts and authorizing new 15 year IDAs. -Exhibit A Map depicting location of Industrial Districts -Exhibit B Standard form of Industrial District Agreement which includes Voluntary Petition for Annexation, Municipal Services Agreement in event of annexation, and standard 380 agreement in event of annexation -Exhibit C 100% IDA with Citgo for tracts previously disannexed by ordinance -Exhibit D 100% IDA with Basic Equipment for tracts previously disannexed by ordinance -Exhibit E 100% IDA with Bootstrap Energy LLC for tracts previously disannexed by ordinance -Exhibit F copy of City Code 55-96 industrial backflow as referenced in IDA I AN ORDINANCE REESTABLISHING THE LAND AREAS LOCATED WITHIN THE EXTRATERRITORIAL JURISDICTION OF THE CITY OF CORPUS CHRISTI, TEXAS AS INDUSTRIAL DISTRICTS NOS. 1, 2, 4, 5, 6, 7, 8, 9, 10, AND 11; AUTHORIZING EXECUTION OF INDUSTRIAL DISTRICT AGREEMENTS; AUTHORIZING ANNEXATION OF THE LAND WHEN THE PROPERTY OWNER REMAINS DELINQUENT IN PAYMENTS IN LIEU OF TAXES AFTER NOTICE AND OPPORTUNITY TO CURE; AUTHORIZING VOLUNTARY ANNEXATION OF THE LAND UPON PETITION SUBMITTED BY LAND OWNERS; AND AUTHORIZING EXECUTION OF 380 AGREEMENTS IN THE EVENT OF ANNEXATION PURSUANT TO A BILL APPROVED BY THE TEXAS LEGISLATURE WHEREAS, under Texas Local Government Code Chapter 42, Subchapter 42.044, the governing body of any city has the right, power and authority to designate any part of the area located in its extraterritorial jurisdiction as an Industrial District, and to treat such area from time to time as such governing body may deem to be in the best interest of the City; and WHEREAS, included in such rights and powers of the governing body of any city is the permissive right and power to enter into written agreements with the owner or owners of land in the extraterritorial jurisdiction of a city to guarantee the continuation of the extraterritorial status of such land, and immunity from annexation by the city for a period of time, and other such terms and consideration as the parties might deem appropriate; and WHEREAS, it is the established policy of the City Council of the City of Corpus Christi, Texas (the "City"), to adopt reasonable measures permitted by law that 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 as being in the best interest of the City and its citizens; and WHEREAS,under said policy and the provisions of Texas Local Gov't Code § 42.044,the City of Corpus Christi has enacted Ordinance No. 15898, approved November 26, 1980, as amended indicating its willingness to enter into industrial district agreements with industries located within its extraterritorial jurisdiction and designating the specified land areas as Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2; and WHEREAS, to correct certain boundary issues, Ordinance No. 029958, as amended, reestablished Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2 and renamed such areas "Industrial District No. 1" and "Industrial District No. 2"; and WHEREAS, Ordinance No. 030994 provided for disannexing from the City of Corpus Christi, Texas, an approximately 54.35-acre tract of land and an approximately 3.89-acre tract of land, both owned by Citgo Refining and Chemicals Company, L.P., ("Citgo") and adjusted the boundary of Industrial District No. 1 to include the disannexed tracts and authorized the execution of an Industrial District Agreement with Citgo requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tracts were in the City limits; WHEREAS, Ordinance No. 031145 provided for disannexing from the City of Corpus Christi, Texas, an approximately 3.41-acre tract of land owned by Basic Equipment Company and C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 2 adjusted the boundary of Industrial District No. 1 to include the disannexed tract and authorizing the execution of an Industrial District Agreement with Basic Equipment Company requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tract was in the City limits; and WHEREAS, Ordinance No. 031797 provided for expanding the boundary of Industrial District No. 2 to include approximately 213 acres; and WHEREAS, Ordinance No. 032720 provided for disannexing from the City of Corpus Christi, Texas, an approximately 75.58-acre tract of land and adjusted the boundary of Industrial District No. 2 to include the disannexed tract and authorizing the execution of an Industrial District Agreement with Bootstrap Energy LLC requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tract was in the City limits; and WHEREAS, an area of the City's extraterritorial jurisdiction has been informally referred to as Industrial District No. 3 and the use of such name for a new Industrial District may cause confusion; and WHEREAS, Ordinance No. 031721, as amended, established Industrial District No. 4 in Nueces County; and WHEREAS, Ordinance No. 031775 as amended established Industrial District Nos. 5, 6, and 7, in the City's extraterritorial jurisdiction in San Patricio County; and WHEREAS, Ordinance No. 031817 as amended established Industrial District No. 8 in the City's extraterritorial jurisdiction in San Patricio County; and WHEREAS, Ordinance No. 033161 as amended established Industrial District Nos. 9, 10, and 11 in the City's extraterritorial jurisdiction in San Patricio County; and WHEREAS, Industrial District Nos. 1, 2, 4, 5, 6, 7, 8, 9,10, and 11 are collectively referred to herein as the "Industrial Districts"; WHEREAS, the City Council previously authorized the entering into of contractual obligations known as the "Industrial District Agreements" with land and/or improvement owners located within the Industrial Districts, and the term of each Industrial District Agreement ends December 31, 2024; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The findings contained in the preamble of this Ordinance are determined to be true and correct and are hereby adopted as part of this Ordinance. SECTION 2. Industrial District No. 1, Industrial District No. 2, Industrial District No. 4, Industrial District No. 5, Industrial District No. 6, Industrial District No. 7, Industrial District No. 8, Industrial District No. 9, Industrial District No. 10, and Industrial District No. 11 are hereby reestablished with boundaries as described by the ordinances referenced above and as depicted in the attached and incorporated Exhibit A. If any Industrial District boundary description is found C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 3 to be insufficient, then the boundary of said Industrial District shall incorporate the area for such Industrial District as depicted on Exhibit A. SECTION 3. The City may create new Industrial Districts and expand or diminish the size of any Industrial District and the City hereby reserves all rights and powers it may have or acquire to revoke in whole or in part the creation of all or any part of an Industrial District, except to the extent that it has agreed not to do so in any industrial district agreement. SECTION 4. The City Council approves and authorizes the entering of contractual obligations with property owners within the extraterritorial jurisdiction of the City in substantially the form of the Industrial District Agreement as shown in the document which is attached hereto and incorporated herein as Exhibit B. The City Manager, or his designee, is hereby authorized to execute such documents and all related documents on behalf of the City of Corpus Christi. SECTION 5. Notwithstanding Section 4, the City Council approves and authorizes the entering of contractual obligations with Citgo Refining and Chemicals Company, L.P. in substantially the form of the Industrial District Agreement as shown in the document which is attached hereto and incorporated herein as Exhibit C to include the tracts disannexed by Ordinance 030994 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. The City Manager, or his designee, is hereby authorized to execute such documents and all related documents on behalf of the City of Corpus Christi, with further changes approved by the City Attorney in a manner that retains 100% payments in lieu of taxes. SECTION 6. Notwithstanding Section 4, the City Council approves and authorizes the entering of contractual obligations with Basic Equipment Company in substantially the form of the Industrial District Agreement as shown in the document which is attached hereto and incorporated herein as Exhibit D to include the tracts disannexed by Ordinance 031145 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. The City Manager, or his designee, is hereby authorized to execute such documents and all related documents on behalf of the City of Corpus Christi, with further changes approved by the City Attorney in a manner that retains 100%payments in lieu of taxes. SECTION 7. Notwithstanding Section 4, the City Council approves and authorizes the entering of contractual obligations with Bootstrap Energy LLC in substantially the form of the Industrial District Agreement as shown in the document which is attached hereto and incorporated herein as Exhibit E to include the tracts disannexed by Ordinance 032720 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. The City Manager, or his designee, is hereby authorized to execute such documents and all related documents on behalf of the City of Corpus Christi, with further changes approved by the City Attorney in a manner that retains 100% payments in lieu of taxes. SECTION 8. A copy of Section 55-96 of the City Code that is referenced in Section 1.06 of the Industrial District Agreements is attached hereto and incorporated as Exhibit F for purposes of Section 1.06 of the Industrial District Agreements. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 4 SECTION 9. The City Manager or designee is authorized to take all steps necessary to initiate annexation proceedings, accept voluntary annexation documents, send required pre- annexation and post-annexation documents, and, subject to required City Council actions, complete any annexations of all lands identified in any of the aforementioned Industrial Districts: (1)upon which the owner of any property thereon has failed to execute an industrial district agreement and incorporated Petition for Annexation and Agreement for Provision of Municipal Services within the timeline established by the City Manager or designee, with said annexation to be effective only after the expiration of a prohibition of annexation pursuant to an effective industrial district agreement, non-annexation agreement, or 212 agreement concerning said land, (2) upon which the owner of any property thereon has defaulted in their industrial district agreement, (3) if a bill is approved by the Texas Legislature that will, in the sole but reasonable and continuing opinion of the CITY, result in a prohibition of annexation of all or part of the Land, (4) upon which an owner of land requested annexation in lieu of the application of the Industrial District Agreement, or (5) to the extent necessary to annex a corridor of property as provided for in Section 1.03 of each Industrial District Agreement. SECTION 10. The City Manager or designee is authorized to execute 380 Agreements in substantially the form attached to the Industrial District Agreement(s) in the event of annexation pursuant to the Industrial District Agreement as a result of a bill is approved by the Texas Legislature that will, in the sole but reasonable and continuing opinion of the CITY, result in a prohibition of annexation of all or part of the Land. Introduced and voted on the day of , 2024. PASSED and APPROVED on the day of , 2024. ATTEST: Paulette Guajardo, Mayor Rebecca Huerta, City Secretary C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 5 EXHIBIT A—Map of Industrial Districts Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11. EXHIBIT B— [To be inserted] Standard Form of Industrial District Agreement. EXHIBIT C — [To be inserted] Industrial District Agreement with Citgo Refining and Chemicals Company, L.P. to include the tracts disannexed by Ordinance 030994 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. EXHIBIT D — [To be inserted] Industrial District Agreement with Basic Equipment Company to include the tracts disannexed by Ordinance 031145 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. EXHIBIT E — [To be inserted] Industrial District Agreement with Bootstrap Energy LLC to include the tracts disannexed by Ordinance 032720 and requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the disannexed tracts were in the City limits. EXHIBIT F - A copy of Section 55-96 of the City Code referenced in Section 1.06 of the Industrial District Agreements. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 6 EXHIBIT A-Map of Industrial Districts No. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11 IndustrialDistflfts—Districts9, 10, & 11 have no IDA agts b/c they are subjectto TLGC 212 ETJ agts & not s req'd to get IDA's until 2033 — Industrialdistrictscreatedon 9-5-23 11 to reventtheirremovalfromCit 's 10 �7 p y PorllaridLy 5, 8 I ETJ-pursuantto 5B 2038 passed in ��,/ 2O23 legislativesession Nueces Bay I i •n tt 4 1 I,( There is no ID#3.There used to be an 2 Corpus ID in the Gulf,called ID#3.City has Rabslown T Christi annexed as much as allowed in that ' �n•'�'Christi A area now.To avoid confusion with the rts trin previous ID area,ID#3 was not used Airport when additional IN were added in the /r last 5 years. C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx a - e L .. @�a SY.zYLY..5-4 Ilk M1 •^�� f'k00 2 1 CITY nF F CO-RPUS CIIHIST-1, DvpGrtment of Engineering Services survey Division - ► - • a. Leiiei + „W -. eLIK lfe\[ en Ji 01, �- � E��L`F'" +••iii���iee I I M.,iL ^]eiii e I'll J 6 di eiiiii\ iieefiiLW iyRii fill Jli iiL _ - � _ _ Ls"i 1 J iiiL fiL s iAie sio. .I•y '.<� ■ei - c iocLx. �1 9Y 4 i s e � �' ��•¢ - - ■ac s\i naa ansiuu�i \om tax:■ :' � J r}P IP • �+� c - ' A CITY of 1 l • CORPUS- 4r7 8 031797 Industrial District No. 2 without additional Bootstrap Area LINE BEARING DISTANCE L5 Rand Morgan Road --'t L1 N 0-30-56 W 8,785' L2 N 89-24-30 E 5,144' L3 N 9-27-6 E 5,958' el L4 S 56-34-14 E 21,757' QV Of L5 S 1-16-47 E 645' Corpus Christi L6 S 88-28-39 W 18,100' 0 1,750 3,500 7,000 Feet /i. 1 inch=2,500 feet % i` DATE:MAY 9,2019 % DRAWN BY:A.OLT i L4 i Mckinzie.Rd /i i` i` i f CIO!Of (iirPu.+Chrr.sli .ti�% m L6 % ro A` r L3 county Road sa L2 POINT OF BEGINNIN( City of C.C. v U IND#2 County Road 1694 L1 C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2Cl9F9C8\@BCL@2Cl9F9C8.docx 9 032720 Industrial District No. 2 with additional Bootstrap Area UP 444 �71 '��° ti x v� MCW 0 C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 10 031721 Industrial District No. 4 rr_ J — 449�4.32 Acres 1,051,05FOOFS OAF +" 3.67 Acres S j g Le®end 3 � I '� 5 �Gpuvt line yfgv Ifw<+-�. N � �E�a T-G�ax Prgrem-Dnii IIrte 3b]+Yrv3 F- EUIC T-G,!a]C P1'WCh rsP3.33 Mesl C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 11 031775 Industrial District Nos. 5, 6, and 7 ry 36 i K� _ Industrial District#6 �. TPCO America ja -. Industrial District#7 Reynolds Metals tik In de Ilk t r * IMI r Industrial District#S Nashtec Legend Reference Items M industrlai Districts Nortns,de C.0 iaay AnnexArea _ O City Limits j ETJ Parcel Lines C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 12 031817 Industrial District No. 8 Proposed Industrial District No. S For emours um r $. - I-•• industrial District#8 (Chemours) N A �, r POINT OF BEGINNING7 `` YAIRE TE C'I'IV OF INGLECN'Y LIMTTNs FF< Na�allo6epR RACT WITHIN THE CITY OF CORPUS CHRISTI,TEXAS CITY LIMITS C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 13 033161 Industrial District Nos. 9, 10, and 11 San Patricio County Industrial Districts ID 9 35 h�~ 11 D.11 I Legend For,Iand Industrial District 9 C Industrial Dishict 10 Industrial Dishict 11 5 I Miles Source:Economic Develo"mt DepaOmaml.July 2023 asrn c.nserew Anaaoraarw..city m[srpu onrisu�amanm_o.wirpnenmemsw obveffinmusui�oisamaapn C:\Users\ufc-prod\AppData\Local\Temp\BCL Tech nologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx 14 EXHIBIT F - A copy of Section 55-96 of the City Code referenced in Section 1.06 of the Industrial Districts. "Sec. 55-96. Industrial backflow. (a)All potable water connections between an industrial facility or industrial processing unit and the city's water system must be equipped with a reduced pressure backflow preventer(assembly) or air gap, which will prevent backflow and back-siphonage. A reduced pressure backflow preventer(assembly) or air gap must be installed directly after each city meter servicing potable water and meet Texas Commission on Environmental Quality and Municipal Code requirements. If an industrial facility is in compliance with all TCEQ regulations related to backflow prevention, the city's chief operating officer may, at his discretion and in writing, approve the facility's use of a backflow prevention method that is an alternative to the reduced pressure backflow preventer(assembly)or air gap,is in addition to fully-effective cross-connection control in accordance with TCEQ requirements,and is fully verifiable by the city at or adjacent to each city meter. Approval of such system requires a chief operating officer determination that such system provides better protection of the city's water system than a reduced pressure backflow preventer (assembly) or air gap- (b)Fire service lines must have a double-check assembly directly after the city meter or tap. (c)All backflow preventers(assemblies),excluding air gaps,must be inspected and certified to be operating within specifications on an annual basis by a state-licensed backflow prevention assembly tester. In addition, the backflow prevention assembly tester must file a copy of the test report with the city's third- parry database within ten(10)days of the testing. (d)Upon installing,repairing,or replacing a reduced pressure backflow preventer(assembly)or an air gap on a property with an industrial facility or industrial processing unit,an industrial district affidavit must be immediately submitted by a Texas licensed professional engineer to the utilities department for each city water meter on the property.In addition,upon relocating a water meter,an industrial district affidavit must be immediately submitted by a Texas licensed professional engineer to the utilities department. The industrial district affidavit must confirm there is no cross-connection between the city meter(s) and backflow preventer(s) and will be on a form designated by the city. The industrial district affidavit also identifies the location of each backflow preventer(s). (e) The city has the right to inspect any connections to the city's water system, including any valves and backflow prevention devices. (f) If the owner or operator of an industrial facility or industrial processing unit fails to comply with this section,the city may refuse to connect the industrial facility or industrial processing unit or disconnect the property, facility, or unit from the city's water supply system. Failure to comply with the requirements of this section will result in termination of the water service. (g)A violation of this section is a nuisance punishable by a fine of up to two thousand dollars ($2,000.00). Each day any violation of this section continues constitutes a separate offense. (h)If an industrial facility is in compliance with all TCEQ regulations related to backflow prevention as of the effective date of the ordinance codified in this section,then the chief operating officer of the city may, at his discretion and in writing,provide the facility a time period of up to one hundred eighty(180)days to bring the facility into compliance.Regardless of any time period provided for compliance with this section, if an imminent threat to the city's water system exists,the city will terminate the customer's water service immediately." (Ord.No. 032617, § 1, 12-7-2021) C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@2C19F9C8\@BCL@2C19F9C8.docx INDUSTRIAL DISTRICT AGREEMENT NO. «ID» THE STATE OF TEXAS § COUNTY OF NUECES § CITY OF CORPUS CHRISTI § This Industrial District Agreement ("Agreement") is made and entered into under the authority of Section 42.044 of the Texas Local Government Code,by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and <<LO Name», a <<LO Entity_State» <<LO Entity_Type», Landowner,«IO_Name», a «IO_Entity_State» «IO Entity_Type», Improvements Owner, and <<L Name», a<<L Entity_State» <<L Entity_Type» Lessee,hereinafter collectively called the "COMPANY." The CITY and the COMPANY are hereinafter sometimes referred to individually as a "Party" and collectively as the "Parties." WHEREAS,it is the established policy of the City Council of the City of Corpus Christi,Texas,to adopt reasonable measures permitted by law that 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, the COMPANY is the owner and/or lessee of Land and/or owner of Improvements on land within the Extraterritorial Jurisdiction(ETJ)of the CITY; and WHEREAS,under said policy and the provisions of Section 42.044, Texas Local Government Code,the CITY has enacted Ordinance No. 15898, approved November 26, 1980, as amended, incorporated for all purposes, indicating its willingness to enter into Industrial District Agreements with industries located within its ETJ and designating the specified land areas as Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2; and WHEREAS, in order to correct certain boundary issues, Ordinance No. 029958, as amended, reestablished Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2 and renamed such areas "Industrial District No. 1 and Industrial District No. 2" and Ordinance Nos. 030994 and 031145 expanded Industrial District No. 1,and Ordinance Nos. 031797 and 032720 expanded Industrial District No. 2; and WHEREAS, Ordinance No. 031721, as amended, established Corpus Christi Industrial District No. 4 in Nueces County; and WHEREAS,Ordinance Nos. 031775,031817,and 033161,as amended,established Corpus Christi Industrial District Nos. 5, 6, 7, 8,9, 10, and 11 in the CITY's ETJ in San Patricio County; and WHEREAS, Industrial District Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11 are collectively referred to as the "Industrial Districts"; and WHEREAS,the CITY desires to encourage the updating, expansion and growth of industries within said Industrial Districts, and for this purpose,desires to enter into this Agreement with the COMPANY; and WHEREAS, the COMPANY desires to minimize its tax burden and avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts. NOW, THEREFORE, in consideration of the premises, the mutual agreements of the Parties herein contained and under the authority granted under Section 42.044, Texas Local Government Code, and the Ordinances of the CITY referred to above,the CITY and the COMPANY hereby agree as follows: C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 1 Article 1 Section 1.01 Immunity from Annexation.The CITY covenants and agrees that during the term of this Agreement, and subject to the terms and provisions herein,the Land shall retain its extraterritorial status as an Industrial District, except as otherwise provided in this Agreement. Except as provided otherwise in this Agreement,the CITY further covenants and agrees that the Land shall be immune from annexation during the Term of this Agreement. Section 1.02 Limited to Industrial Use. The COMPANY covenants and agrees that during the Term, the COMPANY will not use or permit the use of the Land and/or Improvements covered by this Agreement for purposes not included within the term "industry". "Industry" as used herein shall mean for the same industrial uses to which the Land, or similarly situated land within the Industrial Districts, is now devoted by the COMPANY or other such parties holding such similarly situated land. Holding the Land and Improvements for future "industry" use, without using same for non-industry purposes, does not violate this Section 1.02. If the COMPANY uses, or permits use of, the Land and/or Improvements covered by this Agreement for purposes not included within the term "industry" as defined above,then the PILOT to be paid by the COMPANY under this Agreement shall be increased to an amount equal to 100%of the amount of ad valorem taxes on Land and Improvements,sited on the Land,that would otherwise be payable to the CITY by the COMPANY if said Improvements were situated on land within the CITY limits of the CITY. The increase shall be immediately effective for all payments from the inception of this Agreement, and the COMPANY shall transmit to the CITY within 60 days of being notified by the CITY of the determination of a non- industry use,subject to the notice and opportunity to cure provided for in Section 4.04,an amount equal to said 100% of ad valorem taxes from the inception of this Agreement, less any amounts previously paid by the COMPANY to the CITY under this Agreement,plus penalties and interest as if the amounts were delinquent taxes. The CITY shall be entitled to its reasonable attorneys' fees and other costs in collecting any of these amounts. In addition,the CITY shall have the right, in its sole and absolute discretion: (1) to obtain an injunction from a court of competent jurisdiction,upon the court's determination that the use is not an"industry"use,requiring that the use be permanently discontinued, or (2) to annex the Land covered by this Agreement and until the Land is annexed, the COMPANY shall continue to make payments equal to said 100% of ad valorem taxes on Land and Improvements. Section 1.03 Annexation Corridor. If any other company within the Extraterritorial Jurisdiction of the CITY fails to enter into an Industrial District Agreement with the CITY or defaults on their in lieu of tax payments, and said defaulting company is not contiguous with the CITY's boundary,the COMPANY shall,after the CITY provides the COMPANY with 60 days prior written notice of intent to initiate annexation proceeding,permit the CITY to annex a suitable strip of land out of the COMPANY's Land from the CITY'S boundary to the defaulting company's land to permit its annexation. In the event the CITY must annex a part of the COMPANY's property in order to annex property owned by third parties,the CITY will annex the absolute minimum amount of the COMPANY's Land legally necessary to annex such property owned by third parties. The location of such annexed Land shall be subject to the approval of the COMPANY which approval shall not be unreasonably withheld. The COMPANY and such annexed Land shall have no right to any CITY services as a result of such annexation;nor shall the CITY extend,by ordinance, any rules,or regulations to such annexed Land,including,but not limited to,those(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 whatsoever control over the conduct of the COMPANY's business thereon. Such annexed portion of Land shall remain a part of this Agreement and shall not be subject to CITY taxes, but such annexed Land and any Improvements thereon shall continue to be included within the in lieu of tax payment. In the event that the need for an annexation corridor no longer exists,including but not limited to the defaulting company entering into an Industrial District Agreement, having otherwise met its obligations to the CITY, the CITY agrees to immediately cease any annexation proceedings related to the annexation corridor over the COMPANY's Land, or within 60 days, take the steps necessary to complete deannexation proceedings required to remove from the city limits any unnecessary annexation corridor. If notwithstanding the foregoing provisions of this Section 1.03,any of such annexed portion of Land or any Improvements or other property located thereon is subject to any CITY taxes with respect to any Calendar Year during the Term of this Agreement, the CITY shall (i) exclude such annexed portion of Land and any Improvements and other property located thereon from the calculation of the PILOT due from the COMPANY under Article 3 for such year, and(ii) as an economic development incentive grant under a program authorized by Chapter 380 of the Texas Local Government Code,remit(either as an offset against the amount of payment in lieu of tax owed to the CITY under this Agreement or as a rebate paid to the COMPANY),within 60 days following the CITY's receipt C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 2 of proof of payment of such CITY taxes,the portion of such CITY taxes that is in excess of the PILOT that would have been required to be paid to the CITY under this Agreement with respect to such annexed portion of Land and any Improvements and other property located thereon had such annexed portion of Land not been annexed. Section 1.04 City Services. During the Term hereof,pursuant to this Agreement,the CITY shall have no obligation to extend to the Land any utility or other CITY services, except for services that are being provided to and paid for by the COMPANY on the date hereof,or as otherwise stated herein. Section 1.05 Fire Protection Services. The CITY may provide fire protection services to the COMPANY at the option of the COMPANY for an additional payment to the CITY as set forth under Section 3.05 hereof. Section 1.06 Compliance with City Rules and Reeulations. The CITY and the COMPANY agree that during the Term hereof, with respect to the Land and Improvements and other property located thereon, the CITY shall not require compliance with its rules or regulations: (1) governing zoning and platting of the Land, or any additions thereto, outside the CITY limits and in an Industrial District; provided, however, COMPANY further agrees that it will in no way divide the Land or additions thereto without complying with applicable State law and CITY ordinances governing subdivision of land;(2) excluded from Industry compliance obligations pursuant to Section 1.02 of Exhibit E; or (3) prescribing any rules governing the method of operation of COMPANY's business, except as to those regulations relating to the delivery of utility services and industrial waste disposal through CITY-owned facilities. The COMPANY shall ensure that all of the COMPANY's connections with the CITY water system contain backflow prevention devices and/or air gaps consistent with the technical criteria referenced in Section 55-96 of the City Code as said section exists on the signature date of this Agreement and state law, including any periodic certifications required by the aforementioned provisions of the City Code and state law. Notwithstanding, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer(assembly).After such review and determination, CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method, then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY, CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies. If the CITY does not respond within 60 days of such written COMPANY request,then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.07 Definitions.The following terms have the following meanings: A. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. B. CAD. The appraisal district(either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the portion of the Land and the Improvements located within the boundaries of such appraisal district. C. Calendar Year.A period of time beginning January I and ending December 31 in a numbered year. D. Existing Improvements. Improvements other than New Improvements. C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 3 E. Extraterritorial Jurisdiction (ETJ). As defined by Chapter 42 of the Texas Local Government Code, as amended. The CITY's existing ETJ includes the unincorporated area that is contiguous to the corporate boundaries of the CITY and that is located within five miles of those boundaries. F. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. G. Industrial District. The industrial districts designated pursuant to Ordinance Nos. 029958, 031721, 031775,031797,031817,033161,or future ordinance of the CITY,are incorporated herein by reference. H. Industrial District Agreement. An agreement made and entered into under the authority of Section 42.044 of the Texas Local Government Code. L Land. All of the land owned, leased or possessed by COMPANY and located within the Industrial Districts. Land, in the context of this Agreement includes all land of the COMPANY located in the Industrial Districts,whether or not it is in included in Exhibit A. J. Market Value.As determined and defined by the applicable CAD. K. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement L. PILOT. Payment in Lieu of Ad Valorem Taxes. M. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). N. Prior Industrial District Agreement. The Industrial District Agreement by and between the CITY and the COMPANY that expired December 31,2024. Article 2 Section 2.01 Term. The term of this Agreement(Term) shall be 15 years from January 1, 2025 to December 31, 2039,unless earlier terminated as herein provided. Section 2.02 New Agreement or Annexation before Expiration of Term. Prior to July 1, 2039,the COMPANY shall enter into a new Industrial District Agreement with the CITY or file a voluntary Petition for Annexation of the Land into the territorial limits of the CITY. The Petition for Annexation pursuant to this section will be in the form attached as Exhibit C. The annexation may become effective at any time after September 1, 2039. Failure of the COMPANY to execute and submit a voluntary Petition for Annexation prior to July 1,2039 shall entitle the City to (1)file the Petition for Annexation and Agreement for Provision of Municipal Services attached to this agreement and/or(2) otherwise annex the Land into the territorial limits of the CITY. In the event of annexation due to failure to enter into a new Industrial District Agreement in 2039, the terms of this Agreement other than restrictions on annexation,that can be legally applied after annexation will continue to apply until December 31,2039. Article 3 Section 3.01 Payment in lieu of Ad Valorem Taxes (PILOT).Each year during the Term hereof, the COMPANY shall pay to the CITY: C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 4 A. Land.An amount in lieu of tax on the Land(excluding Improvements located thereon)equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Land which would otherwise be payable to CITY by COMPANY if the Land were situated within the CITY limits. B. Existing Improvements. An amount in lieu of tax on Existing Improvements located on the Land equal to 74.5%of the amount of ad valorem taxes based upon the Market Value of the Existing Improvements, which would otherwise be payable to the CITY by the COMPANY if said Existing Improvements were situated on land within the CITY limits.For purposes of this calculation,the Existing Improvements will not include the pollution control improvements that have qualified for exemption from taxation pursuant to Texas Property Tax Code 11.31. C. New Improvements. For the first four Calendar Years after a New Improvement is affixed to the land and Placed in Use,the COMPANY shall pay 0%PILOT for said New Improvement. D. With respect to any new land acquired by the COMPANY located within an Industrial District,the new land shall be included in the COMPANY'S land known as the Land, and shall be considered in calculating the in lieu of tax payment on the Land as of January I of the first year following the date which the new land is acquired by the COMPANY. Within 90 days after the acquisition of new land by the COMPANY, the COMPANY shall provide the CITY with a revised Exhibit A that includes a complete listing by the applicable CAD of the Geographic ID number of the newly acquired land and any Improvements thereon and promptly after the CITY's receipt of such revised Exhibit A, the CITY and the COMPANY shall each execute, acknowledge, and deliver to one another a written agreement with respect to such acquired land substantially in the form of Exhibit D attached hereto to evidence that such land is made subject to the terms and provisions of this Agreement. E. With respect to any new land acquired by the COMPANY after January 1, 2025, located within the ETJ of the CITY, but not in an Industrial District,the COMPANY shall report such purchase to the CITY and the CITY shall determine whether an Industrial District Agreement is desired for such newly acquired land. Section 3.02 Company Schedule of Value. On or before August 31st of each year of this Agreement,or upon final determination of Market Values by the applicable CAD,whichever is later,the COMPANY shall provide to the CITY an itemized Schedule of Value by sworn affidavit, on the form attached hereto as Exhibit B, listing all CAD, Geographic ID numbers and the Market Values related thereto, and showing all Land and Improvements owned or controlled by the COMPANY including and identifying the property to be valued as part of this Agreement (the "Schedule") and each exemption applicable to the calculation of taxation on each item of property (specifying exemptions pursuant to Texas Property Tax Code 11.31). The Schedule shall also list the year any Improvements were Placed in Use. The COMPANY has no objection to the CITY'S review of all forms,information,and documents provided by the COMPANY to the applicable CAD and,in the event of appeal,the Appraisal Review Board.Failure to provide the Schedule to the CITY shall constitute a breach of this Agreement. Section 3.03 Determination of Value. Subject to the provisions of Section 3.04, in determining the COMPANY'S annual in lieu of tax payment required under this Agreement,the calculation shall be made utilizing the Market Value of all Land and Improvements, but not including the Land and/or Improvements that qualify for the exemption for pollution control property as provided in Texas Property Tax Code Section 11.31 as determined by the applicable CAD, or its successor, under provisions of the Texas Property Tax Code. The COMPANY shall timely provide information and reports required under this Agreement and under Texas law,rules and regulations to the applicable CAD or its designee, so that the appraisal process can be completed in accordance with all applicable state laws. Section 3.04 Company Protest of Value or Billing. If the COMPANY elects to protest the valuation set on any of its properties by the CAD for any year or years during the Term hereof, it is agreed that nothing in this Agreement shall preclude the protest, and the COMPANY shall have the right to take all legal steps desired to reduce the same as if the property were located within the CITY. The COMPANY shall notify the CITY of its appeal within 30 days after its protest of the valuation is submitted to the CAD. Notwithstanding any protest of valuation by the COMPANY C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 5 or any non-CAD related billing dispute,the COMPANY agrees to pay to the CITY an initial estimated PILOT,on or before the Due Date in Section 3.07 below,based on the amount billed by the CITY. Alternate Estimated PILOT.- If the COMPANY files a lawsuit or lawsuits over the value of any of any of its properties on which the PILOT is calculated and chooses to pay an Alternate Estimated PILOT, then on or before November V of the tax year subject to the lawsuit, the COMPANY shall provide written notice to the CITY identifying each CAD Geographic ID number subject to the lawsuit and the COMPANY's estimate of value and legal basis for each value.This written notice shall be accompanied by the COMPANY's calculation of: (1) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the Market Values determined by the CAD(CAD-determined Market Values for the tax year subject to the lawsuit), and (2) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the market values estimated by the COMPANY(COMPANY-determined market values for the tax year subject to the lawsuit), and (3) the total, cumulative PILOT paid by COMPANY to CITY for the year immediately prior to the tax year subject to the lawsuit. If the total cumulative CAD-determined Market Values for the tax year subject to the lawsuit are more than 20% greater than the total, cumulative CAD-determined Market Values for the immediately prior tax year, then the COMPANY may pay an Alternate Estimated PILOT,based on the greater of: (1) the COMPANY-determined market values for the tax year subject to the lawsuit,or (2) 120%of the total,cumulative PILOT paid by COMPANY to CITY for the tax year immediately prior to the tax year subject to the lawsuit(s). When the valuation on said property or any billing dispute has been finally determined, either as the result of final unappealable judgment of a court of competent jurisdiction or as the result of other final settlement of the controversy, then within 30 days thereafter, if the PILOT due the CITY is established to be an amount more than the PILOT or Alternate Estimated PILOT paid by the COMPANY,then COMPANY shall make to the CITY any additional PILOT due based on the final determination.If,as a result of final unappealable judgment of a court of competent jurisdiction, or as the result of other final settlement of the controversy,the PILOT due to the CITY is established to be an amount less than the amount of the PILOT or Alternate Estimated PILOT for that year paid by the COMPANY,the excess in lieu of tax payment,if any,collected by the CITY shall be returned to COMPANY within 60 days after COMPANY provides notice and a copy of said final determination. The parties may mutually agree to alternative methods of reimbursement,such as a credit to the in lieu of tax payments due the next year.Any non-CAD related billing disputes shall be resolved by the CITY within 90 days from the date notice of the dispute is received by the CITY. Section 3.05 Fire Protection. With respect to each year during the Term of this Agreement, an additional amount for CITY fire protection equal to 15% of the amount of ad valorem taxes based upon 100% of the Market Value of the Improvements located on the Land which would otherwise be payable to the CITY by the COMPANY for such year if said Improvements were situated on land within the CITY limits(Calculation: Market Value of Improvements x 15% x CITY tax rate =Fire Protection Fee) will be paid annually; provided, however, that the COMPANY shall not be obligated to pay the additional amount provided by this Section 3.05 for any year during the Term of this Agreement if either(i) as of January 1 of such year,the COMPANY is a member in good standing of the Refinery Terminal Fire Company, or its successor, or (ii) the COMPANY satisfies the requirements set forth in Section 775.032(a)(1),(2),and(3)of the Texas Health and Safety Code and certifies to the CITY in writing such compliance. Section 3.06 Calculation of Amount Due.The CITY shall mail an invoice to the COMPANY,which sets forth the amount of payment in lieu of tax owed to the CITY calculated in accordance with this Agreement. Such invoice shall be postmarked at least 30 days prior to the Due Date defined in Section 3.07 below,and shall be mailed to the address shown in Section 10.03 of this Agreement.The calculation shall be made with reference to the exemption for pollution control property in Section 11.31, Texas Property Tax Code, and Article VIII, Section 1-1, Texas Constitution, as same presently exist or may be hereafter amended, using the Market Value of pollution control equipment certified by the CAD. In addition, all amounts other than the 11.31 amount referenced above shall be calculated without reference to any new tax exemption or any increase in an existing tax exemption enacted after January 1, 1995. Section 3.07 Payment. The COMPANY agrees to pay to the CITY on or before January 31 of the year following each year during the Term hereof(the "Due Date"), all PILOTS provided for hereunder and invoiced by the CITY in C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 6 accordance with Section 3.06 above,without discount for early payment,but subject to Section 3.04.Notwithstanding, if the CITY sends a late invoice (after January ls�, then the COMPANY will pay the CITY within 30 days after receipt of the late invoice. This Agreement, and the method of determining and fixing the amount of the PILOTS hereunder, shall be subject to all provisions of law relating to determination of Market Value and taxation,including, but not limited to,laws relating to rendition,assessment,equalization and appeal.Any invoiced amounts that are not paid by the Due Date shall be considered delinquent. Delinquent amounts shall be immediately subject to interest at 12% per annum, compounded monthly and the COMPANY shall reimburse the CITY for its costs of collections, including reasonable attorneys' fees. Section 3.08 Filing of Industrial District Agreement.After execution,the CITY will file this Agreement with the applicable County Clerk, invoice the COMPANY for the filing fee, and provide a file-stamped copy to the COMPANY. COMPANY shall remit payment for such filing fee within 30 days after being invoiced for the cost of such filing. Article 4 Section 4.01 Company Failure to Pay/Company Breach. If the COMPANY fails to make a report or payment due to the CITY hereunder or a payment due by January 31,2025 under the Prior Industrial District Agreement_or if the COMPANY fails to perform any other material obligation incumbent upon the COMPANY to be performed hereunder or revokes any provision of this Agreement or attachment hereto, and if such default is not fully corrected within 60 days (or such longer period to the extent required by Section 4.04) after the CITY gives written notice of said default to the COMPANY, the City shall have the option to either (1) accept the COMPANY's Petition for Annexation and Agreement for Provision of Municipal Services and commence annexation proceedings, in accordance with Section 10.07 below, and sue to recover all damages; or (2) continue this Agreement for its Term and collect the payments required hereunder.A failure to perform pursuant to this Agreement will not be considered "material"if such failure to perform does not affect reporting,payment,annexation,or enforceability of any provision of this Agreement. Nonetheless, a COMPANY violation or failure to perform this Agreement, regardless of materiality shall entitle the City to declare this Agreement in default and commence ordinary annexation proceedings. Section 4.02 Lien. The CITY shall be entitled to and have a tax lien on the Land and Improvements which may, in the event of default in payment of any sum due hereunder that is not cured in accordance with Section 4.04 below,be enforced by CITY in the same manner as provided by law and for the collection of delinquent ad valorem taxes. Additionally,the CITY shall be entitled to and have a contractual lien on the Land and Improvements which may be foreclosed in the event of such uncured default (1)judicially or(2) extra judicially in the same manner as a deed of trust under the Texas Property Code, and for that purpose may appoint a trustee or trustees. Section 4.03 City Breach. If the CITY breaches this Agreement by annexing or attempting to pass an ordinance annexing any of the Land(except with reference to any annexation provided for herein),the COMPANY shall provide written Notice of Default(clearly labeled as such)to the CITY and COMPANY shall be entitled to enjoin the CITY from the date of its breach for the balance of the Term of this Agreement from enforcing any annexation ordinance adopted in violation of this Agreement and from taking any further action in violation of this Agreement. If the COMPANY elects to pursue this remedy, then so long as the CITY specifically performs its obligations hereunder, under injunctive order or otherwise, the COMPANY shall continue to make the annual payments required by this Agreement. Section 4.04 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by the COMPANY of any of the terms or conditions of this Agreement,the CITY shall give the COMPANY written Notice of Default (clearly labeled as such) specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the COMPANY will be afforded 60 days within which to cure the alleged default. A default not related to payment that cannot be remedied within 60 days may be subject to a Plan of Cure that will be considered by the CITY if said Plan is requested in writing to the CITY within 30 days after CITY sends the Notice of Default. The City will approve a Plan of Cure that cannot be remedied within 60 days not related to payment if such plan of cure reasonably cures the default in the most expeditious manner possible and C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 7 does not harm the enforceability of any legal remedies provided in this document and its attachment. Failure of the COMPANY to comply with the Plan of Cure will be considered an additional default of this Agreement. Section 4.05 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.06 No Waiver of Riehts and Remedies. It is expressly understood that if at any time the COMPANY is in default in any provision of this Agreement,the failure on the part of the CITY to promptly avail itself of the rights and remedies that the CITY may have,will not be considered a waiver on the part of the CITY; provided that if the CITY within 4 years from the date of any default by the COMPANY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Further, is expressly understood that if at any time the CITY is in default in any provision of this Agreement, the failure on the part of the COMPANY to promptly avail itself of the rights and remedies that the COMPANY may have,will not be considered a waiver on the part of the COMPANY;provided that if the COMPANY within 4 years from the date of any default by the CITY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Section 4.07 Limitation of Liability.To the fullest extent permitted by law,and not withstanding any other provision of this Agreement, in no event will either party be liable to the other party hereunder for punitive, exemplary, or indirect damages, lost profits or business interruptions damages; provided however, this limitation in not meant to limit the CITY'S rights under this Agreement to collect from the COMPANY any unpaid PILOT,late penalties and interest associated therewith, and any costs of collection including but not limited to reasonable attorney fees. Article 5 Section 5.01 Description of Property.The COMPANY agrees to provide the CITY with a listing of Geographic ID numbers, as available from the applicable CAD or its successor, to be attached hereto and incorporated herein as Exhibit A. With respect to COMPANY'S acquisition of new land in the Industrial District, as described in Section 3.01 which becomes included in the Land,COMPANY agrees to provide to CITY a listing of Geographic ID numbers as available from the applicable CAD or its successor. Article 6 Section 6.01 Annexation By Another Entity.If any attempt to annex any of the Land owned,used,occupied,leased, rented or possessed by COMPANY,is made by another municipality,or if the incorporation of any new municipality should attempt to include within its limits the Land or property, the CITY shall seek a temporary and permanent injunction against the annexation or incorporation,with the cooperation of the COMPANY, and shall take any other legal action necessary or advisable under the circumstances.The cost of the legal action shall be borne equally by the Parties;provided,however,the fees of any special legal counsel shall be paid by the Party retaining same. Section 6.02 Termination. If the CITY and the COMPANY are unsuccessful in obtaining a temporary injunction enjoining the attempted annexation or incorporation described in Section 6.01 above,the COMPANY shall have the option of(1)terminating this Agreement,effective as of the date of the annexation or incorporation into the CITY,or (2) continuing to make the PILOTS required hereunder. This option shall be exercised within 30 days after the application for the temporary injunction is denied. If the COMPANY elects to continue the PILOT, the CITY shall place future payments hereunder together with part of the payment for the Calendar Year in which the annexation or incorporation is attempted, prorated to the date the temporary injunction or relief is denied, in a separate interest- bearing escrow account which shall be held by CITY subject to the following: A. If final judgment (after all appellate review, if any, has been exhausted) is entered denying a permanent injunction and/or upholding the annexation or incorporation,or a final settlement or other final disposition of C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 8 the controversy allows or upholds the annexation or incorporation, then all of such payments and accrued interest thereon shall be refunded to the COMPANY;or B. If final judgment (after all appellate review, if any, has been exhausted) is entered granting a permanent injunction and/or invalidating the annexation or incorporation, or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation,then all of such payments and accrued interest thereon shall be retained for use by the CITY. Article 7 Section 7.01 Sale or Lease. If the COMPANY sells all or a portion of the Land or Improvements to any entity,then the COMPANY shall within 90 days give notice to the CITY of said sale,and this Agreement shall continue in effect as to all Land and/or Improvements sold.If the COMPANY leases all or a portion of the Land or Improvements to an entity that will be responsible for payment hereunder,the COMPANY shall within 90 days give notice to the CITY of said lease, and this Agreement shall continue in effect as to all Land and/or Improvements leased. Section 7.02 Company's Responsibility for Payment; Assignment. The COMPANY as seller or lessor in a transaction pursuant to Section 7.01 above, shall remain responsible for any PILOT attributable to the Land or Improvements sold or leased unless the COMPANY has entered into an assignment and assumption agreement with the buyer or lessee of such Land or Improvements that the CITY has consented to, in which the buyer or lessee assumes all responsibilities and obligations under this Agreement as to the purchased or leased Land and/or Improvements.The CITY will consent to an assignment and assumption agreement if all payments for PILOT are up- to-date and said agreement provides for execution of documents required by the CITY to ensure the continued enforceability of all obligations of this Agreement in a form satisfactory to the CITY, acting reasonably. If the COMPANY assigns its payment responsibility to a lessee and COMPANY's lessee fails to make any required payments after assuming such responsibility,the COMPANY may,after notice in accordance with Section 4.04,either make the required payments itself or agree to annexation by petition in accordance with Section 10.07 below. Effective the date of transfer of the Land to a new owner, the new owner of the Land will execute a Petition for Annexation and Agreement for Provision of Municipal Services,in substantially the same form as the one attached as Exhibit C,signed by the buyer before the CITY will consent to the assignment. Section 7.03 Covenant Running with the Land. THIS AGREEMENT SHALL BE DEEMED COVENANTS RUNNING WITH THE LAND, AND A MEMORANDUM OF AGREEMENT SHALL BE RECORDED IN THE REAL PROPERTY RECORDS OF NUECES COUNTY, TEXAS AND/OR SAN PATRICIO COUNTY, TEXAS, AS APPLICABLE. THE COMPANY AND THE CITY ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT IS BINDING UPON THE CITY AND THE COMPANY AND THEIR RESPECTIVE SUCCESSORS, EXECUTORS, HEIRS, AND ASSIGNS, AS APPLICABLE, FOR THE TERM OF THIS AGREEMENT AND CONSTITUTES A COVENANT RUNNING WITH THE LAND. ALL SUCCESSIVE FUTURE OWNERS OF THE LAND WILL BE TO THE SAME EXTENT BOUND BY AND WILL HAVE THE SAME RIGHT TO INVOKE AND ENFORCE,THE PROVISIONS OF THIS AGREEMENT AS THE ORIGINAL SIGNERS OF THIS AGREEMENT. Article 8 Section 8.01 Inurement. This Agreement shall inure to the benefit of and be binding upon the CITY and the COMPANY, and shall inure to the benefit of and be binding upon the COMPANY'S successors, assigns, Affiliates and subsidiaries, and, subject to Section 7.02, shall remain in force whether the COMPANY sells,assigns,or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the Land, and the agreements herein contained shall be held to be covenants running with the Land for so long as this Agreement or any extension thereof remains in force. The COMPANY agrees to require any Affiliates of COMPANY who desire to have the benefits of this agreement execute such documents as required by the CITY to ensure the enforceability of all provisions of this agreement, including, but not limited to, for all owners of the Land, the attached Petition for Annexation and Agreement for Provision of Municipal Services.Failure of any owner of the Land to execute this C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 9 agreement and attached Petition for Annexation and Agreement for Provision of Municipal Services will constitute a default. Article 9 Section 9.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area.The COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Section 9.02 Water Procurement.The COMPANY acknowledges that the CITY provides a regional water system that is critical to the well-being and economic growth of the entire area and that it is important for each customer to continue to use the system as its principal source of water. The COMPANY agrees to provide six months written notice of any intent or action to obtain more than ten 10% of its total water needs from any source other than the CITY. This Agreement does not guarantee to the COMPANY the availability of any specified amount or quantity of water, subject to any obligations that that might apply to the CITY pursuant to state law. Article 10 Section 10.01 Severability. In the event any word,phrase,clause, sentence,paragraph, section, article or other part of this Agreement or the application thereof to any person, firm, corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal, invalid or unconstitutional for any reason, then the application, illegality, invalidity or unconstitutionality of the word, phrase, clause, sentence, paragraph, section, article or other part of this 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. Section 10.02 Entire Agreement.This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. The exhibits attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. The language in all parts of this Agreement shall in all cases be construed according to its fair meaning and shall not be strictly construed for or against any party. Section 10.03 Notices.Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates shall be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below, with a prominent identification of the title of this Agreement to which it refers, "INDUSTRIAL DISTRICT AGREEMENT NO.JD»".Each Party must notify the other Party of any change of address in writing. To the CITY: City of Corpus Christi-City Manager 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 With copies to City of Corpus Christi Director of Finance P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3105 City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 10 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 If to COMPANY: «LO Name)) (Owner of the Land) «LO Notice Address)) «LO Notice_City>> Phone: «LO Notice Phone» With copies to: «IO Name»(Owner of the Improvements) «IO Notice Address» «IO Notice_City» Phone: «IO Notice Phone» and «L Name))(Lessee) «L Notice Address» «L Notice_City» Phone: «L Notice Phone» Section 10.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to any of its conflicts of law principles. This Agreement is to be performed in Nueces County,Texas , and/or San Patricio County,Texas. Section 10.05 Counterparts.This Agreement may be executed in multiple counterparts,each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 10.06 Authority; Construction.By acceptance of this Agreement and/or benefits conferred hereunder,each parry represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained herein. The headings contained in this Agreement are for reference purposes only,are not to be considered a part hereof,and shall not affect in any way the meaning or interpretation of this Agreement.Unless the context otherwise requires: (1) the word "including" shall mean "including, but not limited to," (ii) words used in the singular shall also denote the plural,and words used in the plural shall also denote the singular,and(iii)references to the terms"Article,""Section," "clause," "Exhibit" and "Schedule" are references to the Articles, Sections, clauses, Exhibits and Schedules of this Agreement unless otherwise specified. Section 10.07 Petition for Annexation. Subject to the provisions of Article 4, COMPANY agrees that failure to timely cure any default in accordance with this Agreement constitutes a petition for annexation of the Land and in furtherance thereof in the event of such a failure,a voluntary Petition for Annexation and Agreement for Provision of Municipal Services executed by all owners of the Land is attached hereto as Exhibit C and may be accepted by the CITY for purposes of annexing the Land in the event that COMPANY fails to timely cure any default in accordance with this Agreement. Further, COMPANY agrees that the annexation petition may be accepted by the CITY for purposes of annexing the Property in the event that, during the Term of this Agreement, a bill is approved by the Texas Legislature that will,in the sole but reasonable and continuing opinion of the CITY,result in a prohibition of annexation of all or part of the Land. hi addition to the filing of a voluntary Petition for Annexation and Agreement for Provision of Municipal Services pursuant to this section,the City may pursue such other annexation actions related to the Land as appropriate to ensure all owners of the Land are included in any annexation(s). In the event of annexation pursuant to a bill approved by the Texas Legislature, then the annexation will be subject to the City's agreement to execute a 380 Agreement with COMPANY and its relevant Affiliates for the remainder of the term of this Agreement,in the form attached as Exhibit E. In the event of such legislation, the Parties will consider alternative legal arrangements that would preserve the Parties' rights and authority that would not require full annexation. C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 11 The preceding_paragraph applies to any of the COMPANY's successors,assigns,or Affiliates provided for in Section 8.01,regardless of ownership or other interest in Land subject to this Agreement,including the provisions related to the 380 Agreement. If the Land is annexed,this Agreement will terminate automatically upon payment of the final PILOT payment due under this Agreement. Annexation does not absolve the COMPANY of the requirement to pay any PILOT that accrued prior to the date of annexation under this Agreement,and the CITY may pursue all remedies in law and equity to collect such past due PILOT payments.Nonetheless,no PILOT will be due for any year for which the COMPANY is subject to taxation due to annexation. This Agreement and the attached documents are authorized and enforceable pursuant to Texas Local Government Code § 212.172. The Parties agree that the following disclosure is sufficient for purposes of Section 212.172 (b-1)of the Texas Local Government Code: THE COMPANY IS NOT REQUIRED TO ENTER INTO THIS AGREEMENT AND HAS CHOSEN TO DO SO OF ITS OWN FREE WILL. AT THE TIME OF THIS AGREEMENT, THE CITY HAS THE AUTHORITY TO ANNEX THIS PROPERTY EITHER BY REQUEST OF THE OWNER UNDER SUBCHAPTER C-3 OF TEXAS LOCAL GOVERNMENT CODE CHAPTER 43 OR WITHOUT THE REQUEST OF THE OWNERS UNDER SECTION 43.0116 OF THE TEXAS LOCAL GOVERNMENT CODE.THIS AGREEMENT OFFERS COMPANY PROTECTION FROM ANNEXATION UNDER SECTION 43.0116. IN EXCHANGE FOR THAT IMMUNITY, THE COMPANY REQUESTS ANNEXATION THROUGH PETITION IF COMPANY FAILS TO COMPLY WITH THE REQUIREMENTS OF THIS AGREEMENT. IN THE EVENT THAT COMPANY TRIGGERS ANNEXATION UNDER THIS SECTION 10.07, THE CITY WILL ACCEPT THE ANNEXATION PETITION AND PRESENT AN ANNEXATION ORDINANCE TO CITY COUNCIL FOR APPROVAL FOLLOWING A PUBLIC HEARING. NO FURTHER CONSENT OF THE LANDOWNER IS REQUIRED FOR ANNEXATION BY PETITION. THE CITY WAIVES IMMUNITY FROM SUIT ONLY FOR PURPOSES OF CHALLENGING AN ANNEXATION,ADMINISTERING PILOT PAYMENTS AND REFUNDS OR PURSUING REMEDIES UNDER ARTICLE 4. Section 10.08 Effect of Future Laws. To the extent allowed by the Constitution and laws of the State of Texas, no subsequent change in the law regarding annexation shall affect the enforceability of this Agreement or the CITY's ability to annex the Land covered herein pursuant to the terms of this Agreement. Section 10.09 Most Favored Nations. If CITY enters into a new Industrial District Agreement,or a renewal of any Industrial District Agreement, with a landowner which contains in lieu of tax payment terms and provisions more favorable to the landowner than those in this Agreement, COMPANY and its successors and assigns shall have the right to either terminate this Agreement or amend this Agreement to contain the more favorable in lieu of tax payment terms and provisions.For purposes of the immediately preceding sentence,"landowner"shall not include any tourist- related business or facilities under Section 42.044,Texas Local Government Code. The foregoing provisions of this Section 10.09 do not preclude the CITY from entering into a onetime, economic development agreement with any new major employer within the CITY's ETJ, or with any company proposing a major new investment within the CITY's district ETJ,as part of the CITY'S economic development program. Exhibits: Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Exhibit B Form of Sworn Schedule of Values Exhibit C Petition for Annexation &Agreement for Provision of Municipal Services—to be executed at time of signatures to Agreement by all Land owners Exhibit D Form of Property Supplement Exhibit E Standard Industrial District Annexation 380 Agreement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 12 EXECUTED this day of 2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: «LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «L0_S1gnatory_T1tle» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 13 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Name: Title: 40 Signatory_Title» Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: oL Signatory» Naine: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by«L_Signatory», as the «L_Signatory_Title>>of«L Name>>,a«L_Entity_State» «L_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 14 Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Depictions of Land subject to this Agreement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 15 Exhibit B Form of Sworn Schedule of Values for Industrial District Agreement No. As of 1/1/ Due 8/31/ COMPANY NAME: Contact Name: Telephone: Address: Geographic Description Earliest Date that CAD Market Did CAD declare COMPANY Prior year Did CAD declare ID# Property was first Value property exempt valuation in CAD prior year property placed in use or from taxation lawsuit filed Market exempt from affixed to the Land pursuant to Texas by value taxation pursuant to if Property is an Property Code COMPANY Texas Property Iniprovement 11.317 Code 11.31 Total I a duly authorized official of the above COMPANY, do swear that the inforination provided is accurate and within my knowledge. Signature Date Name & Title of Authorized Official Sworn to and subscribed before me by on this day of (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 16 Exhibit C Petition for Annexation To: The City Council of The City of Corpus Christi,Texas: The undersigned Landowner(s)of the hereinafter described tract of Land,which is without residents,request the City Council of the City of Corpus Christi,Texas,to extend the present city limits of the City of Corpus Christi,Texas,to include as part of the City of Corpus Christi, Texas, the territory described in Exhibit A of the Industrial District Agreement to which this document is attached,and the document description herein is considered incorporated herein. We certify that this Land is not appraised for ad valorem tax purposes as land for agricultural or wildlife management use under Texas Tax Code, Chapter 23, Subchapters C or D, as they may be amended or as timber land under Subchapter E of that chapter as it may be amended. Attached hereto is the Agreement for Provision of Municipal Services, fully executed by all of the undersigned Landowner(s). This Petition for Annexation of the above-described tract of land is intended to be signed and duly acknowledged by each and every owner of said Land. LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory», as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 17 Exhibit C Agreement for Provision of Municipal Services This Agreement for Provision of Municipal Services ("Service Agreement") pursuant to Texas Local Government Code §43.0672, as amended is entered into by and between the City of Corpus Christi ("CITY"'), and ("Landowner"). WHEREAS, the Landowner has requested that the City consider annexation of the territory described in Exhibit A of the Industrial District Agreement to which this document is attached situated in County,Texas,which is hereinafter described as the "Land"; WHEREAS, the CITY intends to institute annexation proceedings for the Land, and Texas Local Government Code §43.0672 requires a written agreement for the provision of services in the area first be entered into between the City and Landowner of the Subject Property prior to annexation; WHEREAS,the City Council of the City of Corpus Christi,Texas,finds and determines that: • this Agreement will not provide any fewer services or a lower level of services in the annexation area than were in existence in the annexation area at the time immediately preceding the annexation process, and • this Agreement for Provision of Municipal Services will provide the Land with a level of service, infrastructure, and infrastructure maintenance that is comparable to the level of service, infrastructure, and infrastructure maintenance available in other parts of the municipality with topography, land use, and population density similar to those reasonably contemplated or projected in the area; and • all statutory requirements for annexation have been satisfied and the CITY is authorized by Texas Local Government Code Chapter 43 to annex the Land into the CITY. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the CITY and the Landowner(s) agree as follows: Section 1.Recitals.The Parties hereto acknowledge and agree that the foregoing recitals are hereby found to be true and correct and are hereby adopted by the Parties and made a part hereof for all purposes. Section 2.Services to be Provided.The following service list represents the provision of services agreed to between the landowner of the Property and the City establishing a program under which the City will provide municipal services to the Subject Property as required by Texas Local Government Code §43.0672,which will be provided at a level consistent with services levels provided to other similarly situated areas within the City. • Police Protection: The Corpus Christi Police Department will provide police protection at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Fire Protection: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable) attached to the Industrial District Agreement to which this document is attached, the Corpus Christi Fire Department will provide fire protection and suppression at the same level of service now being provided to other areas of the City of Corpus Christi,Texas,with similar topography, land use,and population density. • Emergency Medical Service: The Corpus Christi Fire Department will provide emergency medical services at the same level of service now being provided to other areas of the City of Corpus Christi,Texas, with similar topography,land use, and population density. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 18 • Solid Waste Collection: Solid waste collection and services will be provided at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Operation and Maintenance of Water and Wastewater Facilities that are not Within the Service Area of Another Water or Wastewater Utility: Water and wastewater service will continue to be provided in accordance with the Corpus Christi Code of Ordinances,Corpus Christi Unified Development Code,Utility Department Policies, and engineering standards at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density, provided the service is not currently served by another utility through existing facilities located within or adjacent to the area. Water or wastewater facilities owned or maintained by the CITY at the time of the proposed annexation shall continue to be maintained by the CITY. Water or wastewater facilities that may be the property of another municipality or other entity shall not be maintained by the City of Corpus Christi unless the facilities are dedicated to and accepted by the City of Corpus Christi.The current water line mains at their existing locations shall be available for point of use extension based upon the current City's standard water extension policies now existing or as may be amended. On-site sewage facilities will be allowed contingent upon the property owner meeting all city, county, state and federal requirements. • Operation and Maintenance of Roads and Streets, including Street Lighting: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable)attached to the Industrial District Agreement to which this document is attached,The City will maintain public streets, including road and street lighting, within the annexed area at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density. Any and all lighting of roads, streets, and alleyways that may be positioned in a right- of-way, roadway, or utility company easement shall be maintained by the applicable utility company servicing the City of Corpus Christi,Texas,pursuant to the rules,regulations, and fees of the utility. • Operation and Maintenance of Parks,Playgrounds and Swimming Pools:Currently,there are no public recreational facilities in the annexation area,including parks,playgrounds,or swimming pools. • Operation and Maintenance of any other Publicly-Owned Facility,Building, or Service: Currently,no other publicly owned facilities, buildings, or services are identified in the annexation area. If the City acquires any such facilities,buildings,or services within the annexation area,an appropriate City department will provide maintenance services. Section 3. Schedule of Services.In accordance with Texas Local Government Code § 43.0672(c),no other services are contemplated by this Service Agreement and a schedule for future services as contemplated by Texas Local Government Code § 43.0672(b)is not applicable as all services identified herein will be provided upon the effective date of annexation. Section 4.Level of Service.Nothing in this Service Agreement shall require the City to provide a uniform level of full municipal services to each area of the City,including the annexed areas,if different characteristics of topography, land use,and population density are considered a sufficient basis for providing different levels of service. Section 5.Term.The term of this Service Agreement is 10 years from the date the annexation is effective. Section 6. Vested Rights Claims. This Service Agreement is not a permit for the purposes of Texas Local Government Code Chapter 245. Section 7.Legal Construction.No subsequent change in the law regarding annexation shall affect the enforceability of this Service Agreement. If any provision in this Service Agreement is for any reason found to be unenforceable, to the extent the unenforceability does not destroy the basis of the bargain among the parties, the unenforceable provision will not affect any other provision hereof, and this Service Agreement will be construed as if the C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 19 unenforceable provision had never been a part of the Agreement. Whenever the context requires, the singular will include the plural and neuter include the masculine or feminine gender,and vice versa. Section 8. Venue and Applicable Law. Sole venue for this Service Agreement shall be in Nueces County, Texas. This Service Agreement shall be construed under and in accordance with the laws of the State of Texas. Section 9.Authority.This Service Agreement binds and inures to the benefit of the CITY,LANDOWNER,and their successors and assigns.Each party further warrants that each signatory to this Service Agreement is legally authorized to bind the respective individual or entity for the purpose established herein. EXECUTED,this the day of ,2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024, by Assistant City Manager of the City of Corpus Christi, a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: <<LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «LO_Signatory_Title» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 20 Exhibit D Form of Property Supplement to Industrial District Agreement No. This Supplement to Industrial District Agreement No. (this "Supplement") between CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY,"and«LO Name», a«LO Entity_State» «LO_Entity_Type», Landowner,«IO_Name»,a«IO_Entity_State» «IO Entity_Type»,Improvements Owner,and«L Name»,a«L Entity_State»«L Entity_Type»Lessee,hereinafter collectively called the "COMPANY," is executed on the dates of execution of this Supplement as set forth immediately above the respective signatures of the CITY and the COMPANY below, but this Supplement shall be effective on the date on which the land described in the attached Description of Additional Land attached hereto was acquired by the COMPANY (the Supplement Effective Date"). WHEREAS,reference is hereby made to Industrial District Agreement No. (the same,as heretofore amended and as heretofore supplemented,is herein called the"Industrial District Agreement")entered into on 2024,by and between the COMPANY and the CITY; and WHEREAS,the COMPANY has acquired the land described by the applicable CAD Geographic ID number in the Description of Additional Land attached hereto which is located within an Industrial District,and,the COMPANY has provided the CITY with a revised Exhibit A- Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement to the Industrial District Agreement that includes a complete listing by CAD Geographic ID number of such acquired land and any Improvements thereon. WHEREAS, in furtherance thereof, and as provided for in the Industrial District Agreement, the CITY and the COMPANY desire to execute and deliver this Supplement to evidence that such acquired land is made subject to the terms and provisions of the Industrial District Agreement. NOW,THEREFORE,for and in consideration of the covenants and agreements contained herein and in the Industrial District Agreement,the CITY and the COMPANY hereby agree that the land described on the attached Description of Additional Land is hereby designated to be and constitutes additional Land for purposes of the Industrial District Agreement No. and all of its exhibits effective as of the Supplement Effective Date. Each party hereto represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Supplement and all of the exhibits to the Industrial District Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained in all of those documents. ENTERED into this day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 21 LANDOWNER ATTEST: «LO Name» By: «LO Signatory» Name: Name Title: «LO_Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 ,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State»«LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,20 . (seal) Notary Public IMPROVEMENTS OWNER ATTEST «IO_Name» By: Name: Name: JO_Signatory» Title: Title: JO_Signatory_Title» IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 by «IO_Signatory»,as the «IO_Signatory_Title»of«IO_Name»,a«IO_Entity_State»«IO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 20. (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 22 Exhibit E Standard Industrial District Annexation 380 Agreement This Agreement ("Agreement") is made and entered into as of , (the "Effective Date"), by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and <<LO Name», a <<LO Entity_State» <<LO Entity_Type», Landowner,«IO_Name», a «IO_Entity_State» «IO Entity_Type», Improvements Owner, and <<L Name», a<<L Entity_State» <<L Entity_Type» Lessee,hereinafter collectively called the "COMPANY."pursuant to Chapter 380 of the Texas Local Government Code. WHEREAS,the COMPANY or an Affiliate thereof desires to voluntarily be annexed into the CITY limits of Corpus Christi and agreed to this voluntary annexation as a condition of entry into an industrial district agreement with CITY; and WHEREAS, the CITY has established a program in accordance with Article III, Section 52- a of the Texas Constitution and Chapter 380 of the Texas Local Government Code ("Chapter 380") under which the CITY has the authority to make loans or grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the CITY; and WHEREAS, the CITY has concluded and hereby finds that this Agreement promotes economic development in the CITY of Corpus Christi and, as such, meets the requirements under Chapter 380 and the CITY's established economic development program, and, further, is in the best interests of the CITY and COMPANY; and WHEREAS, the CITY recognizes the positive economic impact that the COMPANY's investment in COMPANY's industrial facility will bring to the CITY through development and diversification of the economy, reduction of unemployment and underemployment through the retention of existing jobs and the production of new jobs, and the attraction of new businesses; and as described in this Agreement; and WHEREAS, consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, CITY and the COMPANY as contemplated in this Agreement agree to work together to cause the public purposes of developing and diversifying the economy of the state, reducing unemployment or underemployment in the state, and developing or expanding transportation or commerce in the state; and WHEREAS, to ensure that the benefits the CITY provides under this Agreement are utilized in a manner consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, the COMPANY has agreed to comply with certain conditions for receiving those benefits, and WHEREAS, the CITY and the COMPANY desire to enter into this Agreement for their mutual benefit; NOW, THEREFORE, for and in consideration of the foregoing recitals and of the mutual promises, obligations, covenants and benefits herein contained,CITY and the COMPANY contract and agree as follows: Article 1. General Terms Section 1.01 Definitions. The following terms have the following meanings: a. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 23 b. Appeal Rebate Date. Ninety days after the termination of the COMPANY's rights to appeal the value of an appealed CAD Geographic ID via lawsuit, protest, appeal or other legal proceeding and the COMPANY's notification thereof to the CITY. c. Business Personal Property. Taxable tangible personal property, including inventories, located on the Land. d. CAD. The county appraisal district (either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the Land and Improvements located within the boundaries of such appraisal district.. e. Calendar Year. A period of time beginning January I and ending December 31 in a numbered year. f. Existing Improvements. Improvements other than New Improvements. g. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. h. Land. "Land" shall mean the land owned by the COMPANY or its Affiliate described in Exhibit A attached to the Industrial District Agreement to which this document is attached. i. Market Value.As determined and defined by the applicable CAD. j. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement. k. Non-Appeal Rebate Date.April I following the relevant tax year or 60 days following the COMPANY's payment of ad valorem taxes for an unappealed CAD Geographic ID,whichever is later 1. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). Section 1.02 Continuation of Land Use Under Sec. 43.002 Local Govt Code; Industrial Use of Land may continue; Exclusions from City Code Regulatory and Permit Requirements that may limit Industrial Use: a. CITY and COMPANY agree that Sec. 43.002,Tex. Loc. Govt. Code ("Sec. 43.002)provides that CITY may not prohibit COMPANY from continuing to use land in the manner in which the land was being used on the date the annexation proceedings were instituted. Subject to rights existing under Sec. 43.002, COMPANY and CITY mutually stipulate that the Land annexed into the City was being used at the time of annexation for uses that fall within the Heavy Industrial(IH) zoning district under the Corpus Christi City Code. CITY will, after a COMPANY request that cites this provision, promptly initiate and pursue a zoning case for the Land,without zoning fees being assessed to COMPANY,to be zoned IH(or such other zoning district that permits COMPANY's industrial activities),without the need for any additional CITY permits. b. CITY and COMPANY stipulate that, as a matter of law, Sec.43.002 guarantees to COMPANY the right to use the Land for Heavy Industrial Uses and other uses that might be authorized within the IH zone without the necessity for additional licenses,certificates,permits,approvals,or other forms of authorization,including but not limited to Conditional Use Permits or Special Use Permits To the extent that any court, board, commission, or other entity proposes or requests any permits or other authorizations be required as a result of annexation into the City limits,the CITY agrees to support, and if requested,request the issuance of such C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 24 permits or other authorizations. c. CITY stipulates that,during the term of this Agreement and as a provision of this Agreement, the entirety of the Land will be treated as"IH"(Heavy Industrial)or equivalent zoning district for purposes of Corpus Christi City Code Section 14-231, including that Section's exemption of IH-zoned Land from the requirements of the necessity of obtaining building permits and compliance with the Technical Construction Codes of the CITY. d. Corpus Christi City Code Section 14-231 currently provides as follows, which terms the Parties agree and stipulate shall be applicable to new construction on the Land except as otherwise provided in this Section 1.02: Section 105.1.4 Building Permit Exemptions: (a)Definitions. For the purposes of this section: State or Federal Facility means a facility owned or managed by the State of Texas or the federal government. Industrial Facility means a facility used to manufacture, compound, package, process, refine, sort, test,and treat raw materials and other processed materials into finished or intermediate products and to store equipment or materials used by that industrial facility. Agricultural Facility means any structure on a tract of land larger than 10 acres used exclusively in connection with ranching or agricultural use, excluding structures used for residential,commercial, or industrial purposes. (b)Exemption.A State or Federal Facility,Industrial Facility,or Agricultural Facility may claim an exemption from the City's requirement for technical construction code permits if all connections between the aforesaid facility and the city water system are equipped with a backflow prevention device or air gap. (c)An Industrial Facility can only claim the technical construction code permit exemption if. Lthe facility or industrial processing unit is inaccessible to the general public; 2.the facility or unit is zoned IH or occupies a site of 20 or more contiguous acres; 3.the facility or structure is not within 150 feet from the I-37 right-of-way; and 4.the construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit is under a licensed professional engineer's observation and direct supervision. The licensed professional engineer will certify that all improvements meet the intent or spirit of the City's technical construction codes and life safety criteria for the occupancy as outlined in Chapter 14 of the Corpus Christi Code. (d) The building official and/or Corpus Christi Water representative has the right to inspect any installations connected to the city water system to the point of the valves or safety devices to ensure the connection to a backflow prevention device or air gap. (e) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that does not have the required technical construction code permits and does not install backflow prevention devices or air gaps at all connections to the city water system authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. (f) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that fails to test or timely provide test results or maintain the required backflow prevention device in good operating condition authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. e. Prior to annexation,none of the Land was subject to CITY ordinances;therefore,it is the intent of the Parties that no part of the Corpus Christi Code of Ordinances shall have the effect of disrupting the industrial operations of COMPANY.Accordingly,the following provisions of the Corpus Christi City Code and other rules and policies of CITY will not apply to the Land: (1)Any provision of Chapter 13 or 14 of the City Code requiring notifications to CITY or permits to be issued by CITY,other than: C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 25 (a) Section 105.1.4 of Section 14-231 of the City Code,except as modified in this section, and (b) Article V (Flood Hazard Prevention Code) of Chapter 14 of the City Code, as amended and/or renumbered. (2) Any ordinances,rules,policies, or other regulatory provisions of CITY addressing a field or area of regulation occupied by a provision of the following codes adopted by the State of Texas: Agricultural Code,Finance Code,Insurance Code,Labor Code,Natural Resources Code, and Occupations Code. (3) The provision of Section 105.1.4(c)(3), set out above, regarding a minimum distance from the I-37 right-of-way may be modified administratively for good cause upon application to the CITY Director of Development Services(or the successor to that position.) (4) The provision of Section 105.1.4(c)(4), set out above, regarding certification by a licensed professional engineer shall not be applicable to construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit provided that COMPANY represents in writing to the CITY Director of Development Services(or the successor to that position)that COMPANY conducts its operations in accordance with currently applicable industry standards and codes. This provision does not require COMPANY to make any written representation to CITY about its maintenance and operations(such as assembly,disassembly,modification,or alteration)that would not otherwise fall within CITY technical construction codes. (5) The provisions of Sec. 105.1.4 (d), (e) and (f) are modified to provide that, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability,effectiveness,and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer (assembly).After such review and determination,CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method,then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY, CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies. If the CITY does not respond within 60 days of such written COMPANY request, then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.03 Annexation and City Services. During the term hereof, pursuant to this Agreement, the CITY shall have no obligation to extend to the Land any utilities or other CITY services, except for services that are being provided to and paid for by the COMPANY on the Effective Date, or as otherwise stated herein. The COMPANY agrees and stipulates that the annexation is valid, and the COMPANY has no right to challenge the annexation of the Land by the CITY. 2. Term Section 2.01 Term.This Agreement shall be effective upon annexation of the Land and continue until December 31, 2039,unless terminated as herein provided or extended for additional period or periods of time upon mutual consent of the COMPANY and the CITY as provided by the Local Government Code. If this agreement becomes effective after December 31, 2034,then the CITY will consider extending the termination date of this agreement for a period of up to 5 years. C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 26 3. Chapter 380 Rebates of City Ad Valorem Taxes Paid by Company Section 3.01 Rebate of Ad Valorem Taxes.Each year during the term hereof,the CITY shall rebate a portion of ad valorem taxes paid by COMPANY to the CITY that are attributable to the Improvements to the Land and the COMPANY's Business Personal Property on the LAND. The payment obligation is more specifically described as follows,but may be reduced as provided in this agreement,notably Sections 3.04 and 3.05: a. The "Reimbursable Tax Amount" is the ad valorem taxes paid by the COMPANY to the account of the CITY in the following amounts: (1) 25.5% of the Reimbursable Tax Amount paid by COMPANY for the CITY ad valorem taxes finally received from COMPANY on Existing Improvements owned by COMPANY on the Land. (2) 100% of the Reimbursable Tax Amount paid by COMPANY for the CITY ad valorem taxes finally received from COMPANY on New Improvements owned by COMPANY on the Land. (3) 100% of the Reimbursable Tax Amount paid by COMPANY for the CITY ad valorem taxes finally received from COMPANY on Business Personal Property owned by COMPANY on the Land. b. The CITY hereby agrees to create a "Reimbursement Account" to be segregated from general CITY funds and held for the benefit of the COMPANY and CITY for the purpose of paying the CITY rebate of ad valorem taxes to the COMPANY. After the COMPANY notifies the CITY of the amount of reimbursable CITY ad valorem taxes it has paid,the City will verify the amount received by the CITY and place the reimbursable taxes in a separate account for potential reimbursement to COMPANY, hereinafter known as the "Reimbursement Account". With respect to each COMPANY CAD Geographic ID subject to rebate, such rebate shall be paid by the Non Appeal Rebate Date following COMPANY's certification of such no-appeal status for each CAD Geographic ID. In the event of an appeal, the CITY will rebate the reimbursable taxes to the COMPANY by the Appeal Rebate Date. If the COMPANY appeals the value of a CAD Geographic ID,then the reimbursable taxes for such CAD Geographic ID will be held in the aforementioned Reimbursement Account until the final determination concerning the amount of ad valorem taxes that should be properly assessed to the Existing Improvements, New Improvements, and Business Personal Property on the Land. The CITY's Director of Financial Services shall maintain the Reimbursement Account and may disburse payments pursuant to this agreement without further authorization of City Council. Funds in the Reimbursement Account may be used to pay any debts of COMPANY owed to CITY as a result of default of any obligations owed by COMPANY to CITY, and setoff is authorized for that purpose. Interest on said account will be retained by the CITY. The CITY will be the owner of the Reimbursement Account and interest paid on the Reimbursement Account, and the COMPANY's rights to receive funds from the Reimbursement Account will not be assignable. Attempted assignment, bankruptcy, or insolvency of COMPANY shall terminate the COMPANY's rights, if any, to the funds in the Reimbursement Account. c. The COMPANY shall provide evidence, satisfactory to the CITY, of payment of the ad valorem taxes on Existing Improvements, New Improvements, and Business Personal Property located on the Land. The sole source of payments by the CITY pursuant to this agreement is the taxes paid by the COMPANY that are rebatable pursuant hereto. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\@BCL@OCIABA9A\ BCL@OCIABA9A.docx 27 d. Subject to the different mechanism and timings,it is the express intention of the Parties that the payments and rebates of ad valorem taxes provided in this Agreement replicate the ultimate incidence of PILOT provided for in the Industrial District Agreement to which this document is attached as applicable to the COMPANY and its Affiliates. The attached "Worked Examples of Article 3 Payments and Rebates" illustrates the Parties intentions as to how payments and rebates will function under this Article 3. Section 3.02 Company Schedule of Value. On or before August 31 of each year of this Agreement, or upon final determination of Market Values by the applicable CAD,whichever is later,the COMPANY shall provide to the CITY an itemized Schedule of Value by sworn affidavit,on the form attached hereto as Exhibit B to the Industrial District Agreement to which this document is attached,listing all CAD Geographic ID numbers and the values related thereto, and showing all Land, Improvements, and Business Personal Property, owned or controlled by the COMPANY including and identifying the property to be valued as part of this Agreement (the "Schedule"). COMPANY must include in its Schedule of Value the Geographic ID numbers for all Business Personal Property accounts on the Land, whether owned by COMPANY or an Affiliate. The Schedule shall also list the year any Improvements were Placed in Use. The COMPANY has no objection to the CITY'S review of all forms, information, and documents provided by the COMPANY to the applicable CAD and,in the event of appeal,the Appraisal Review Board.Failure to provide the Schedule to the CITY shall constitute a waiver of the right to receive reimbursement pursuant to this agreement. Section 3.03 Determination of Value.The COMPANY shall timely provide information and reports required under this Agreement and under Texas law,rules and regulations to the applicable CAD or its designee,so that the appraisal process can be completed in accordance with all applicable state laws. Section 3.04 Company Protest of Value or Billing. If the COMPANY elects to protest the valuation set on any of its properties by the applicable CAD for any year or years during the term hereof, it is agreed that nothing in this Agreement shall preclude the protest,and the COMPANY shall have the right to take all legal steps desired to reduce the same. A reduction of the taxable value will reduce the reimbursable amounts pursuant this agreement. The COMPANY must cooperate with the CITY in determining what taxes and accounts are subject to protests to ensure the CITY is accurately maintaining and disbursing funds in the Reimbursement Account. Section 3.05 Fire Protection.The CITY will reduce CITY reimbursement to the COMPANY in an amount equal to 15% of the ad valorem taxes paid to the CITY for the Land; provided, however, that the COMPANY shall not be obligated to pay the additional amount provided by this Section 3.05 for any year during the Term of this Agreement if either (i) as of January 1 of such year, the COMPANY or its Affiliate that owns the Land is a member in good standing of the Refinery Terminal Fire Company, or its successor, or (n) the COMPANY or its Affiliate that owns the Land satisfies the requirements set forth in Section 775.032(a)(1), (2), and (3) of the Texas Health and Safety Code and certifies to the CITY in writing such compliance. Section 3.06 Calculation of Amount Due.Within 30 days after request by the COMPANY,following COMPANY's submission of taxes paid and lists of accounts determined reimbursable by this agreement,the CITY shall provide a report to the COMPANY specifying the accounts and amounts subject which sets forth the amount of the Reimbursable Tax Amount and amount held in the Reimbursement Account in accordance with this Agreement. Section 3.07 Payment.The COMPANY agrees to pay its ad valorem taxes so as not to be delinquent under the Texas Property Tax Code. The COMPANY further agrees to provide an accurate report of all amounts paid for ad valorem taxes on the Land, Existing Improvements thereon, New Improvements thereon, and Business Personal Property thereon and properly pay CITY ad valorem taxes to on or before January 31st of each year. Penalties and/or interest that are paid by the COMPANY will not be subject to rebate to the COMPANY. Article 4.Default and Cessation of Operations Section 4.01 Default by CITY. If the CITY does not perform its obligations hereunder in substantial compliance with this Agreement and, if such default remains uncured for a period of 60 days after notice thereof shall have been given, in addition to the other rights under the law or given the COMPANY under this C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 28 Agreement,the COMPANY may enforce specific performance of this Agreement and seek an injunction or writ of mandamus to perform obligations under this Agreement. Section 4.02 Default by COMPANY. If the COMPANY does not perform its obligations hereunder in substantial compliance with this Agreement, and, if such default remains uncured for a period of 60 days after notice thereof shall have been given or such longer period as is reasonably necessary to cure default if such default cannot be cured within 60 days not withstanding COMPANY's reasonable efforts to effectuate a cure, the CITY may terminate this Agreement and CITY's obligation to pay funds to COMPANY under this Agreement will terminate. Section 4.03 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by either party of any of the terms or conditions of this Agreement,the non-defaulting party shall give the other parry written notice specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the allegedly defaulting party will be afforded 60 days within which to cure the alleged default. Section 4.04 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.05 Limitation of Liability.In no event will either party be liable to the other parry hereunder for punitive, exemplary,or indirect damages,lost profits or business interruptions damages. Article 5.Description of Applicable Property Section 5.01 Description of Property. The COMPANY agrees to provide the CITY with an updated listing of Geographic ID numbers,as available from the applicable CAD,for property located on the Land,to be attached hereto and incorporated into the description of the Land on Exhibit A of the Industrial District Agreement to which this document is attached and supplements thereto,to the extent such Land has been annexed into the territorial limits of the City. The COMPANY must include all accounts containing property for which COMPANY proposed to receive rebates of ad valorem taxes paid to the CITY. Article 6.Transfer of Land or Property to another Entity,Adding or Removing Affiliates,and Remitting Taxes Section 6.01 Sale or Lease. If the COMPANY sells or leases all or a portion of the Land or Improvements to any entity,the COMPANY shall within 90 days give notice to the CITY of said sale or lease. Section 6.02 Assignment. This Agreement may be assigned by the COMPANY to a new owner of Land only with the prior,written approval of the CITY. The CITY may choose to permit assignment and/or require the COMPANY to execute a new 380 agreement with the CITY. If the COMPANY and proposed Assignee are in compliance with all obligations to the CITY,then the CITY will not unreasonably withhold permission for assignment or execution of a new 380 agreement. The mere right to payment pursuant to this agreement may not be assigned. Section 6.03 No Third-Party Beneficiaries,Setoff.Except as specifically assigned with permission of the CITY,no entity other than CITY or COMPANY shall have any right in this agreement or funds due pursuant to this Agreement. Further,the purpose of this agreement is to incentivize the continued operation and expansion of COMPANY.If the COMPANY fails to make payments of taxes or other amounts to the City, then amounts in the Reimbursement Account may be transferred to the CITY in satisfaction of any debts to the CITY.In the event that COMPANY ceases to do business on the Land, becomes insolvent or otherwise ceases to pay creditors as its debts becomes due, then amounts in the Reimbursement Account will inure to the CITY.Amounts in the Reimbursement Account will not be assignable, and creditors of COMPANY shall have no claim to any amounts in the Reimbursement Account or amounts otherwise owed or payable by CITY to COMPANY. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 29 Section 6.04 Adding Affiliates to Agreement.Affiliates who own property in the area of the Land may be added or removed for purposes of qualifying for tax rebates. Any Affiliates added will need to agree to be governed by the terms of this agreement.The parties to this Agreement intend to prepare standardized forms to enable Affiliates to be added or removed efficiently. Article 7.Procurement Section 7.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area. COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Article 8.Miscellaneous Provisions Section 8.01 Severability.In the event any word,phrase,clause, sentence,paragraph,section,article or other part of this Agreement or the application thereof to any person,firm,corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal,invalid or unconstitutional for any reason,then the application,invalidity or unconstitutionality of the word,phrase,clause,sentence,paragraph,section,article or other part of this 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. Section 8.02 Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. Section 8.03 Notices. Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates may be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below.The COMPANY must notify the CITY of any change of address in writing.Notices by a party to the other party hereto,shall be mailed or delivered as follows: If to CITY: City Manager, City of Corpus Christi 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 Fax:361-826-3845 With copies to: City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 Fax: 361-826-3239 If to COMPANY: «LO Name» «LO Notice Address» «LO Notice_City>> Phone: «LO Notice Phone» Fax: «LO Notice Fax» With copies to: «IO Name» «IO Notice Address» C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 30 «IO_Notice_City» Phone: «IO Notice Phone» Fax: «IO Notice Fax» and «L Name», «L Notice Address» «L Notice_City>> Phone: «L Notice Phone» Section 8.04 Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas,and the sole legal venue for construction of this agreement will be in a court in Nueces County,Texas. Section 8.05 Counterparts. This Agreement may be executed in multiple counterparts,each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 8.06 Authority.By acceptance of this Agreement and/or benefits conferred hereunder,each parry represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms, covenants and conditions contained herein. The CITY waives immunity from suit pursuant to this Agreement only for the purpose of administering payments due to COMPANY pursuant to Articles 3 or 4 of this Agreement. Article 9. Chapter 380 Rebates of City Sales/Use Taxes Paid by Company Section 9.01 Rebate of City Sales/Use Taxes. Each year during the term hereof,the CITY shall rebate a portion of city sales/use taxes paid by COMPANY to the State that are attributable to taxable transactions on the LAND and remitted to the CITY pursuant to Texas Tax Code 321.101 for any lawful purpose. The payment obligation is more specifically described as follows,but may be reduced as provided in this agreement,including Section 9.04. a. The "Reimbursable Sales/Use Tax Amount" consists of 98% of the CITY sales/use taxes paid by the COMPANY to the account of the State during a calendar year for the City of Corpus Christi City Operations allocation pursuant to Texas Tax Code 321.101 for any lawful purpose,which is remitted to the CITY.There will be no reimbursement to COMPANY from the sales tax allocated (now or in the future)to a Type A or Type B corporation, a crime control district, a municipal development district, a municipal development corporation, a district for fire control, prevention or emergency medical services or to any other district, corporation or entity. There will also be no reimbursement to COMPANY from a sales tax for property tax relief, for a sports or community venue project, for a metropolitan or rapid transit authority, for street maintenance,or for any other use that is limited by state law. b. For each calendar year subject to this Section 9.01, the CITY will create a "Reimbursement Sales/Use Tax Account" to be segregated from other CITY funds and held for the benefit of the COMPANY and CITY for the purpose of paying the rebate of the Reimbursable Sales/Use Tax Amount to the COMPANY. c. Each month the COMPANY will notify the CITY of the amount of Reimbursable Sales/Use Tax it has paid to the State or paid to vendors and provide documentation, upon CITY's request, confirming the amount and the payment. Upon receipt of that month's sales and use tax distribution from the Comptroller, CITY will place the Reimbursable Sales/Use Tax Amount due COMPANY in a separate account, hereinafter known as the "Reimbursement Sales/Use Account." d. Funds in the Reimbursement Sales/Use Account shall be paid by the CITY to the COMPANY on or before May 1 of each calendar year following each taxable year under this Agreement, provided the COMPANY has complied with its obligations under Sections 9.01- 9.05. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 31 e. The CITY's Director of Financial Services shall maintain and oversee the Reimbursement Sales/Use Tax Account, and may disburse payments to the COMPANY due under this Agreement without further authorization of City Council. Funds in the Reimbursement Sales/Use Tax Account may be used to offset any debts of COMPANY owed to CITY as a result of default of any obligations owed by COMPANY to CITY under this Agreement. Any interest accruing on the Reimbursement Sales/Use Tax Account may be retained by the CITY. f. The CITY will be the owner of the Reimbursement Sales/Use Tax Account and interest paid on the Reimbursement Account, and the COMPANY's rights to receive funds from the Reimbursement Sales/Use Account will not be assignable. Attempted assignment, bankruptcy, or insolvency of COMPANY shall terminate the COMPANY's rights, if any, to the funds in the Reimbursement Account for that calendar year. g. As more fully described in Section 9.02, below, the COMPANY shall provide evidence, satisfactory to the CITY, of payment of sales/use taxes on taxable transactions on the Land. h. The sole source of payments by the CITY to COMPANY pursuant to this Agreement shall be sales/use taxes paid by the COMPANY remitted to the CITY pursuant to Texas Tax Code 321.101 that are rebatable under this Agreement. Section 9.02 Company Schedule of Value. On or before February 28 following each calendar year of this Agreement,the COMPANY shall provide to the CITY a Sworn Schedule of Sales/Use Tax Paid by COMPANY for the preceding calendar year, utilizing the form attached as Form of Sworn Schedule of Sales/Use Tax Paid by Company. This Schedule shall document the sales/use tax paid by COMPANY on all taxable transactions on the Land during the preceding calendar year. COMPANY must include in its schedule the sales/use tax accounts for all accounts subject to this Agreement, whether paid by COMPANY or an Affiliate. The COMPANY here consents to the CITY'S review of the pertinent sales/use tax forms, information, and documents provided by the COMPANY to the Comptroller. Failure on the part of COMPANY to provide the Schedule to the CITY shall constitute a waiver of COMPANY'S right to receive reimbursement pursuant to this Agreement for the calendar year. Section 9.03 Calculation of Amount Due.Within 30 days after request by the COMPANY,following COMPANY's submission of its Sworn Schedule of Sales/Use Tax Paid by Company for the preceding calendar year,the CITY shall provide a report to the COMPANY identifying the relevant account and specifying the amount then held in the Reimbursement Sales/Use Account in accordance with this Agreement. Section 9.04 Audits. Sales/use tax is audited periodically by the Comptroller.The audit period is often multiple years and may result,when final,in additional sales/use tax liability or in a refund of previously paid sales/use tax a. If COMPANY incurs additional sales/use liability as a result of an audit,upon the final determination of liability the reimbursement from CITY to COMPANY under this Agreement will be handled in the same manner as a normal sale/use tax payment. CITY will not be responsible for reimbursing any penalties and/or interest paid by the COMPANY. b. If COMPANY receives a refund from the State as a result of an audit,the COMPANY will reimburse the CITY for any portion of refunded city sales/use tax that had been previously rebated to COMPANY from CITY. Within 90 days of receipt of a sales/use tax refund, the COMPANY must provide to CITY a schedule similar to the sales/use tax refund request detailing the refund transactions and amount COMPANY owes to the CITY and,upon confirmation of that amount by CITY, shall promptly repay it to CITY. Section 9.05 Compliance with Texas Tax Code. The COMPANY agrees to pay sales/use taxes due to the State so C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 32 as not to be delinquent under the Texas Tax Code.Any Penalties and/or interest paid by the COMPANY to the State with respect to city sales/use Tax will not be subject to rebate to the COMPANY. IN WITNESS WHEREOF, the Parties hereto have caused this instrument to be duly executed as of the day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: <<LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO_Name», a«LO_Entity_State» «LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: <dO Signatory» Name: C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 33 Title: <40_Signatory_Title» Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State» «IO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public LESSEE ATTEST: <<L Name)) By: Name: «L Signatory» Name: Title: 4, Signatory_Title» Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by <<L_Signatory»,as the <<L_Signatory_Title»of«L Name»,a<<L Entity_State» <<L Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 34 Exhibit to 380 Agreement Worked Examples of Article 3 Payments and Rebates Assumption: CAD certified taxable value of single CAD Geographic ID times CITY tax rate is $100 Case Case assumptions Payments/Refunds Deposits/Rebates Assessor/Collector CITY Reimbursement Account ("A/C") ("RA") No Appeal A. • COMPANY timely pays • $100 tax payment • $100 into RA,then rebated by • Rebate 100% Non-Appeal Rebate Date B. • COMPANY timely pays • $100 tax payment • $25.50 into RA,then rebated by • Rebate 25.5% Non-Appeal Rebate Date C. • COMPANY untimely pays and • $115 tax payment • $25.50 into RA,then rebated by incurs $15 penalty/interest Non-Appeal Rebate Date • Rebate 25.5% Appeal Filed D. • COMPANY timely pays full bill • $100 initial tax payment • Initial$100 into RA • Appeal cuts value by 50% • Post Appeal: $50 refund • Post Appeal: $50 rebated from • Rebate 100% issued by A/C and funded RA by Appeal Rebate Date; by CITY remaining $50 released to CITY E • COMPANY timely pays full bill • $100 initial tax payment • Initial$25.50 into RA • Appeal cuts value by 50% • Post Appeal: $50 refund • Post Appeal: $12.75 rebated from • Rebate 25.5% issued by A/C and funded RA by Appeal Rebate Date; by CITY remaining $12.75 released to CITY F • COMPANY timely pays full bill • $100 initial tax payment • Initial$100 into RA • No change in value • Post Appeal: no • Post Appeal: $100 rebated from • Rebate 100% payment/refund RA by Appeal Rebate Date G • COMPANY timely pays full bill • $100 initial tax payment • Initial$100 into RA • Value increases 100% • Post Appeal: $100 • Post Appeal: $100 added to RA • COMPANY timely pays additional tax payment and $200 rebated by Appeal Rebate additional bill Date • Rebate 100% H • COMPANY timely pays full bill • $100 initial tax payment • Initial$100 into RA • Value increases 100% • Post Appeal: $115 • Post Appeal: $100 added to RA • COMPANY untimely pays additional tax payment and $200 rebated by Appeal Rebate additional bill and incurs $15 Date penalty/interest • Rebate 100% I • COMPANY timely pays full bill • $100 initial tax payment • Initial$25.50 into RA • Value increases 100% • Post Appeal: $100 • Post Appeal: $25.50 added to RA • COMPANY timely pays additional tax payment and $51 rebated by Appeal Rebate additional bill Date • Rebate 25.5% J • COMPANY timely fair pays bill at • $50 initial tax payment • Initial$50 into RA 50% • Post Appeal: no • Post Appeal: $50 rebated from • Appeal cuts value by 50% payment/refund RA by Appeal Rebate Date • Rebate 100% C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 35 K • COMPANY timely fair pays bill at • $50 initial tax payment • Initial$12.75 into RA 50% • Post Appeal: $50 • Post Appeal: $12.75 added to RA • No change of value additional tax payment and $25.50 rebated by Appeal • Rebate 25.5% Rebate Date L • COMPANY timely fair pays bill at • $50 initial tax payment • Initial$12.75 into RA 50% • Post Appeal: $35 • Post Appeal: $6.375 added to RA • Appeal cuts value by 25% additional tax payment and $19.125 rebated by Appeal • COMPANY untimely pays ($25 additional tax plus Rebate Date additional payment,incurring $10 $10 penalty/interest) penalty/interest • Rebate 25.5% M • COMPANY timely fair pays bill at • $50 initial tax payment • Initial$12.75 into RA 50% • Post Appeal: $25 refund • Post Appeal: $6.375 rebated by • Appeal cuts value by 75% issued by A/C and funded Appeal Rebate Date;remaining • Rebate 25.5% by CITY $6.375 released to CITY C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 36 Exhibit to 380 Agreement Form of Sworn Schedule of Sales/Use Tax Paid by Company Timeframe: 1/1/ through 12/31 Due: 2/28/ COMPANY NAME: Contact Name: Telephone: Address: City Account/ Portion Return Tax Payer Date Paid Vendor Invoice Taxable Tax Rate Sales/Use Refund Period ID* Number Base Tax Paid Requested Filed* Total * Will apply to taxpayers paying and filing sales/use tax. For sales tax paid directly to vendors, a copy of the vendor invoice detailing sales tax paid along with the schedule above will be provided. For direct pay permit holders, attach a copy of each sales/use tax filing with the State along with completing the schedule above for each individual sales/use tax filing. Additional detail by vendor will be provided if requested by City as necessary or appropriate for City to verify payments and/or reimbursability. I, , a duly authorized official of the above COMPANY, do swear that the information provided is accurate and within my knowledge. Signature Date Name&Title of Authorized Official Sworn to and subscribed before me by on this day of (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@OCIABA9A\ BCL@OCIABA9A.docx 37 INDUSTRIAL DISTRICT AGREEMENT NO. «ID» THE STATE OF TEXAS § COUNTY OF NUECES § CITY OF CORPUS CHRISTI § This Industrial District Agreement ("Agreement") is made and entered into under the authority of Section 42.044 of the Texas Local Government Code,by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County,Texas,hereinafter called the "CITY," and CITGO Refining and Chemicals Company, LP, a Delaware Corporation, Land and Improvements Owner, hereinafter collectively called the "COMPANY." The CITY and the COMPANY are hereinafter sometimes referred to individually as a "Party" and collectively as the "Parties." WHEREAS,it is the established policy of the City Council of the City of Corpus Christi,Texas,to adopt reasonable measures permitted by law that 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, the COMPANY is the owner and/or lessee of Land and/or owner of Improvements on land within the Extraterritorial Jurisdiction(ETJ)of the CITY; and WHEREAS,under said policy and the provisions of Section 42.044, Texas Local Government Code, the CITY has enacted Ordinance No. 15898, approved November 26, 1980, as amended, incorporated for all purposes, indicating its willingness to enter into Industrial District Agreements with industries located within its ETJ and designating the specified land areas as Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2; and WHEREAS, in order to correct certain boundary issues, Ordinance No. 029958, as amended, reestablished Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2 and renamed such areas "Industrial District No. 1 and Industrial District No. 2"and Ordinance No. 031797 expanded Industrial District No. 2; and WHEREAS, Ordinance No. 030994 provided for disannexing from the City of Corpus Christi, Texas, an approximately 54.35-acre tract of land and an approximately 3.89-acre tract of land, both owned by Citgo Refining and Chemicals Company, L.P., ("Citgo") and adjusted the boundary of Industrial District No. 1 to include the disannexed tracts and authorized the execution of an Industrial District Agreement with Citgo requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tracts were in the City limits; WHEREAS, Ordinance No. 031721, as amended, established Corpus Christi Industrial District No. 4 in Nueces County; and WHEREAS,Ordinance Nos. 031775,031817,and 033161,as amended,established Corpus Christi Industrial District Nos. 5, 6, 7, 8,9, 10, and 11 in the CITY's ETJ in San Patricio County; and WHEREAS, Industrial District Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11 are collectively referred to as the "Industrial Districts"; and WHEREAS,the CITY desires to encourage the updating, expansion and growth of industries within said Industrial Districts, and for this purpose,desires to enter into this Agreement with the COMPANY; and WHEREAS, the COMPANY desires to minimize its tax burden and avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 1 WHEREAS,the COMPANY desires to avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts; NOW, THEREFORE, in consideration of the premises, the mutual agreements of the Parties herein contained and under the authority granted under Section 42.044, Texas Local Government Code, and the Ordinances of the CITY referred to above,the CITY and the COMPANY hereby agree as follows: Article 1 Section 1.01 Immunity from Annexation.The CITY covenants and agrees that during the term of this Agreement, and subject to the terms and provisions herein,the Land shall retain its extraterritorial status as an Industrial District, except as otherwise provided in this Agreement. Except as provided otherwise in this Agreement,the CITY further covenants and agrees that the Land shall be immune from annexation during the Term of this Agreement. Section 1.02 Limited to Industrial Use. The COMPANY covenants and agrees that during the Term, the COMPANY will not use or permit the use of the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry". "Industry" as used herein shall mean for the same industrial uses to which the Land, or similarly situated land within the Industrial Districts, is now devoted by the COMPANY or other such parties holding such similarly situated land.Holding the Land and Improvements for future "industry"use, without using same for non-industry purposes, does not violate this Section 1.02. If the COMPANY uses, or permits use of, the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry" as defined above, then the PILOT to be paid by the COMPANY under this Agreement shall be increased to an amount equal to 100%of the amount of ad valorem taxes on Land and Improvements, and personal property sited on the Land, that would otherwise be payable to the CITY by the COMPANY if said Improvements and personal property were situated on land within the CITY limits of the CITY. The increase shall be immediately effective for all payments from the inception of this Agreement, and the COMPANY shall transmit to the CITY within 60 days of being notified by the CITY of the determination of a non- industry use,subject to the notice and opportunity to cure provided for in Section 4.04,an amount equal to said 100% of ad valorem taxes from the inception of this Agreement, less any amounts previously paid by the COMPANY to the CITY under this Agreement,plus penalties and interest as if the amounts were delinquent taxes. The CITY shall be entitled to its reasonable attorneys' fees and other costs in collecting any of these amounts. In addition,the CITY shall have the right, in its sole and absolute discretion: (1) to obtain an injunction from a court of competent jurisdiction,upon the court's determination that the use is not an"industry"use,requiring that the use be permanently discontinued, or (2) to annex the Land covered by this Agreement and until the Land is annexed, the COMPANY shall continue to make payments equal to said 100% of ad valorem taxes on Land and Improvements and personal property. Section 1.025 Oak Park Program Protocol Limitation. A. For purposes of this provision,the following terms have the following definitions: 1. Cogeneration Unit. A facility or boiler dedicated to the creation of steam. 2. Environmental Unit. A facility dedicated to meeting or assisting in meeting federal and state environmental quality standards or federal or state environmental permit limitations including, inter alia, sulfur recovery systems. 3. Tankage. Storage facilities for crude or processed hydrocarbons. B. COMPANY covenants and agrees that during the term hereof,COMPANY will not locate any facilities dedicated to the processing and refining of hydrocarbons on any of the Land covered by this Agreement other than Cogeneration Units,Environmental Units,or Tankage that are located in the area bounded on the north by Gibson,on the west by Poth Lane,on the South by Huisache, and on the east by Retama. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 2 Section 1.03 Annexation Corridor. If any other company within the Extraterritorial Jurisdiction of the CITY fails to enter into an Industrial District Agreement with the CITY or defaults on their in lieu of tax payments, and said defaulting company is not contiguous with the CITY's boundary,the COMPANY shall, after the CITY provides the COMPANY with 60 days prior written notice of intent to initiate annexation proceeding,permit the CITY to annex a suitable strip of land out of the COMPANY's Land from the CITY'S boundary to the defaulting company's land to permit its annexation. In the event the CITY must annex a part of the COMPANY's property in order to annex property owned by third parties,the CITY will annex the absolute minimum amount of the COMPANY's Land legally necessary to annex such property owned by third parties. The location of such annexed Land shall be subject to the approval of the COMPANY which approval shall not be unreasonably withheld. The COMPANY and such annexed Land shall have no right to any CITY services as a result of such annexation;nor shall the CITY extend,by ordinance, any rules,or regulations to such annexed Land,including,but not limited to,those(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 whatsoever control over the conduct of the COMPANY's business thereon. Such annexed portion of Land shall remain a part of this Agreement and shall not be subject to CITY taxes, but such annexed Land and any Improvements thereon shall continue to be included within the in lieu of tax payment. In the event that the need for an annexation corridor no longer exists,including but not limited to the defaulting company entering into an Industrial District Agreement, having otherwise met its obligations to the CITY, the CITY agrees to immediately cease any annexation proceedings related to the annexation corridor over the COMPANY's Land, or within 60 days, take the steps necessary to complete deannexation proceedings required to remove from the city limits any unnecessary annexation corridor. If notwithstanding the foregoing provisions of this Section 1.03,any of such annexed portion of Land or any Improvements or other property located thereon is subject to any CITY taxes with respect to any Calendar Year during the Term of this Agreement, the CITY shall (i) exclude such annexed portion of Land and any Improvements and other property located thereon from the calculation of the PILOT due from the COMPANY under Article 3 for such year, and (ii)as an economic development incentive grant under a program authorized by Chapter 3 80 of the Texas Local Government Code,remit(either as an offset against the amount of payment in lieu of tax owed to the CITY under this Agreement or as a rebate paid to the COMPANY),within 60 days following the CITY's receipt of proof of payment of such CITY taxes,the portion of such CITY taxes that is in excess of the PILOT that would have been required to be paid to the CITY under this Agreement with respect to such annexed portion of Land and any Improvements and other property located thereon had such annexed portion of Land not been annexed. Section 1.04 City Services. During the Term hereof,pursuant to this Agreement,the CITY shall have no obligation to extend to the Land any utility or other CITY services, except for services that are being provided to and paid for by the COMPANY on the date hereof,or as otherwise stated herein. Section 1.05 Fire Protection Services. The CITY may provide fire protection services to the COMPANY at the option of the COMPANY for an additional payment to the CITY as set forth under Section 3.05 hereof. Section 1.06 Compliance with City Rules and Regulations. The CITY and the COMPANY agree that during the Term hereof, with respect to the Land and Improvements and other property located thereon, the CITY shall not require compliance with its rules or regulations: (1) governing zoning and platting of the Land, or any additions thereto, outside the CITY limits and in an Industrial District; provided, however, COMPANY further agrees that it will in no way divide the Land or additions thereto without complying with applicable State law and CITY ordinances governing subdivision of land;(2) excluded from Industry compliance obligations pursuant to Section 1.02 of Exhibit E; or (3) prescribing any rules governing the method of operation of COMPANY's business, except as to those regulations relating to the delivery of utility services and industrial waste disposal through CITY-owned facilities. The COMPANY shall ensure that all of the COMPANY's connections with the CITY water system contain backflow prevention devices and/or air gaps consistent with the technical criteria referenced in Section 55-96 of the City Code as said section exists on the signature date of this Agreement and state law, including any periodic certifications required by the aforementioned provisions of the City Code and state law. Notwithstanding, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 3 method provides the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer(assembly).After such review and determination, CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method, then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer(assembly). After a written request by COMPANY, CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies.If the CITY does not respond within 60 days of such written COMPANY request,then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.07 Definitions.The following terms have the following meanings: A. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. B. CAD. The appraisal district(either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the portion of the Land and the Improvements located within the boundaries of such appraisal district. C. Calendar Year.A period of time beginning January 1 and ending December 31 in a numbered year. D. Existing Improvements. Improvements other than New Improvements. E. Extraterritorial Jurisdiction (ETJ). As defined by Chapter 42 of the Texas Local Government Code, as amended. The CITY's existing ETJ includes the unincorporated area that is contiguous to the corporate boundaries of the CITY and that is located within five miles of those boundaries. F. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. G. Industrial District. The industrial districts designated pursuant to Ordinance Nos. 029958, 031721, 031775,031797,031817,033161,or future ordinance of the CITY,are incorporated herein by reference. H. Industrial District Agreement. An agreement made and entered into under the authority of Section 42.044 of the Texas Local Government Code. L Land. All of the land owned, leased or possessed by COMPANY and located within the Industrial Districts. Land, in the context of this Agreement includes all land of the COMPANY located in the Industrial Districts,whether or not it is in included in Exhibit A. J. Market Value.As determined and defined by the applicable CAD. K. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 4 L. PILOT. Payment in Lieu of Ad Valorem Taxes. M. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). N. Prior Industrial District Agreement. The Industrial District Agreement by and between the CITY and the COMPANY that expired December 31,2024. Article 2 Section 2.01 Term. The term of this Agreement(Term) shall be 15 years from January 1, 2025 to December 31, 2039,unless earlier terminated as herein provided. Section 2.02 New Agreement or Annexation before Expiration of Term. Prior to July 1, 2039,the COMPANY shall enter into a new Industrial District Agreement with the CITY or file a voluntary Petition for Annexation of the Land into the territorial limits of the CITY. The Petition for Annexation pursuant to this section will be in the form attached as Exhibit C. The annexation may become effective at any time after September 1, 2039. Failure of the COMPANY to execute and submit a voluntary Petition for Annexation prior to July 1,2039 shall entitle the City to (1)file the Petition for Annexation and Agreement for Provision of Municipal Services attached to this agreement and/or(2) otherwise annex the Land into the territorial limits of the CITY. In the event of annexation due to failure to enter into a new Industrial District Agreement in 2039, the terms of this Agreement other than restrictions on annexation,that can be legally applied after annexation will continue to apply until December 31,2039. Article 3 Section 3.01 Payment in lieu of Ad Valorem Taxes (PILOT).Each year during the Term hereof,the COMPANY shall pay to the CITY: A. Land.An amount in lieu of tax on the Land(excluding Improvements located thereon)equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Land which would otherwise be payable to CITY by COMPANY if the Land were situated within the CITY limits. B. Existing Improvements. An amount in lieu of tax on Existing Improvements located on the Land equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Existing Improvements, which would otherwise be payable to the CITY by the COMPANY if said Existing Improvements were situated on land within the CITY limits.For purposes of this calculation,the Existing Improvements will not include the pollution control improvements that have qualified for exemption from taxation pursuant to Texas Property Tax Code 11.31. C. New Improvements. For the first four Calendar Years after a New Improvement is affixed to the land and Placed in Use,the COMPANY shall pay 100%PILOT for said New Improvement. Personal Property. An amount in lieu of tax on personal property equal to 100%of the amount of ad valorem taxes based upon the Market Value of the personal property which would otherwise be payable to CITY by COMPANY if the personal property were situated on land within the CITY limits. D. With respect to any new land acquired by the COMPANY located within an Industrial District,the new land shall be included in the COMPANY'S land known as the Land, and shall be considered in calculating the in lieu of tax payment on the Land as of January I of the first year following the date which the new land is acquired by the COMPANY. Within 90 days after the acquisition of new land by the COMPANY, the COMPANY shall provide the CITY with a revised Exhibit A that includes a complete listing by the applicable CAD of the Geographic ID number of the newly acquired land and any Improvements thereon and promptly after the CITY's receipt of such revised Exhibit A, the CITY and the COMPANY shall each C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 5 execute, acknowledge, and deliver to one another a written agreement with respect to such acquired land substantially in the form of Exhibit D attached hereto to evidence that such land is made subject to the terms and provisions of this Agreement. E. With respect to any new land acquired by the COMPANY after January 1, 2025, located within the ETJ of the CITY, but not in an Industrial District,the COMPANY shall report such purchase to the CITY and the CITY shall determine whether an Industrial District Agreement is desired for such newly acquired land. Section 3.02 Company Schedule of Value. On or before August 31st of each year of this Agreement,or upon final determination of Market Values by the applicable CAD,whichever is later,the COMPANY shall provide to the CITY an itemized Schedule of Value by sworn affidavit, on the form attached hereto as Exhibit B, listing all CAD, Geographic ID numbers and the Market Values related thereto,and showing all Land and Improvements and personal property owned or controlled by the COMPANY including and identifying the property to be valued as part of this Agreement (the "Schedule") and each exemption applicable to the calculation of taxation on each item of property (specifying exemptions pursuant to Texas Property Tax Code 11.31). The Schedule shall also list the year any Improvements were Placed in Use. The COMPANY has no objection to the CITY'S review of all forms,information, and documents provided by the COMPANY to the applicable CAD and,in the event of appeal,the Appraisal Review Board. Failure to provide the Schedule to the CITY shall constitute a breach of this Agreement. Section 3.03 Determination of Value. Subject to the provisions of Section 3.04, in determining the COMPANY'S annual in lieu of tax payment required under this Agreement,the calculation shall be made utilizing the Market Value of all Land and Improvements and personal property,but not including the Land and/or Improvements and/or personal property that qualify for the exemption for pollution control property as provided in Texas Property Tax Code Section 11.31 as determined by the applicable CAD,or its successor,under provisions of the Texas Property Tax Code. The COMPANY shall timely provide information and reports required under this Agreement and under Texas law,rules and regulations to the applicable CAD or its designee, so that the appraisal process can be completed in accordance with all applicable state laws. Section 3.04 Company Protest of Value or Billing. If the COMPANY elects to protest the valuation set on any of its properties by the CAD for any year or years during the Term hereof, it is agreed that nothing in this Agreement shall preclude the protest, and the COMPANY shall have the right to take all legal steps desired to reduce the same as if the property were located within the CITY. The COMPANY shall notify the CITY of its appeal within 30 days after its protest of the valuation is submitted to the CAD. Notwithstanding any protest of valuation by the COMPANY or any non-CAD related billing dispute,the COMPANY agrees to pay to the CITY an initial estimated PILOT,on or before the Due Date in Section 3.07 below,based on the amount billed by the CITY. Alternate Estimated PILOT. If the COMPANY files a lawsuit or lawsuits over the value of any of any of its properties on which the PILOT is calculated and chooses to pay an Alternate Estimated PILOT, then on or before November V of the tax year subject to the lawsuit, the COMPANY shall provide written notice to the CITY identifying each CAD Geographic ID number subject to the lawsuit and the COMPANY's estimate of value and legal basis for each value.This written notice shall be accompanied by the COMPANY's calculation of: (1) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the Market Values determined by the CAD(CAD-determined Market Values for the tax year subject to the lawsuit), and (2) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the market values estimated by the COMPANY(COMPANY-determined market values for the tax year subject to the lawsuit), and (3) the total, cumulative PILOT paid by COMPANY to CITY for the year immediately prior to the tax year subject to the lawsuit. If the total cumulative CAD-determined Market Values for the tax year subject to the lawsuit are more than 20% greater than the total, cumulative CAD-determined Market Values for the immediately prior tax year, then the COMPANY may pay an Alternate Estimated PILOT,based on the greater of- (1) the COMPANY-determined market values for the tax year subject to the lawsuit,or (2) 120%of the total,cumulative PILOT paid by COMPANY to CITY for the tax year immediately prior to the tax year subject to the lawsuit(s). C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 6 When the valuation on said property or any billing dispute has been finally determined, either as the result of final unappealable judgment of a court of competent jurisdiction or as the result of other final settlement of the controversy, then within 30 days thereafter, if the PILOT due the CITY is established to be an amount more than the PILOT or Alternate Estimated PILOT paid by the COMPANY,then COMPANY shall make to the CITY any additional PILOT due based on the final determination.If,as a result of final unappealable judgment of a court of competent jurisdiction, or as the result of other final settlement of the controversy,the PILOT due to the CITY is established to be an amount less than the amount of the PILOT or Alternate Estimated PILOT for that year paid by the COMPANY,the excess in lieu of tax payment,if any,collected by the CITY shall be returned to COMPANY within 60 days after COMPANY provides notice and a copy of said final determination. The parties may mutually agree to alternative methods of reimbursement,such as a credit to the in lieu of tax payments due the next year.Any non-CAD related billing disputes shall be resolved by the CITY within 90 days from the date notice of the dispute is received by the CITY. Section 3.05 Fire Protection. With respect to each year during the Term of this Agreement, an additional amount for CITY fire protection equal to 15% of the amount of ad valorem taxes based upon 100% of the Market Value of the Improvements located on the Land which would otherwise be payable to the CITY by the COMPANY for such year if said Improvements were situated on land within the CITY limits(Calculation: Market Value of Improvements x 15% x CITY tax rate =Fire Protection Fee) will be paid annually; provided, however, that the COMPANY shall not be obligated to pay the additional amount provided by this Section 3.05 for any year during the Term of this Agreement if either (i) as of January I of such year,the COMPANY is a member in good standing of the Refinery Terminal Fire Company, or its successor, or (ii) the COMPANY satisfies the requirements set forth in Section 775.032(a)(1),(2),and(3)of the Texas Health and Safety Code and certifies to the CITY in writing such compliance. Section 3.06 Calculation of Amount Due.The CITY shall mail an invoice to the COMPANY,which sets forth the amount of payment in lieu of tax owed to the CITY calculated in accordance with this Agreement. Such invoice shall be postmarked at least 30 days prior to the Due Date defined in Section 3.07 below,and shall be mailed to the address shown in Section 10.03 of this Agreement.The calculation shall be made with reference to the exemption for pollution control property in Section 11.31, Texas Property Tax Code, and Article VIII, Section 1-1, Texas Constitution, as same presently exist or may be hereafter amended, using the Market Value of pollution control equipment certified by the CAD. In addition, all amounts other than the 11.31 amount referenced above shall be calculated without reference to any new tax exemption or any increase in an existing tax exemption enacted after January 1, 1995. Section 3.07 Payment. The COMPANY agrees to pay to the CITY on or before January 31 of the year following each year during the Term hereof(the "Due Date"), all PILOTS provided for hereunder and invoiced by the CITY in accordance with Section 3.06 above,without discount for early payment,but subject to Section 3.04.Notwithstanding, if the CITY sends a late invoice (after January Is), then the COMPANY will pay the CITY within 30 days after receipt of the late invoice. This Agreement, and the method of determining and fixing the amount of the PILOTS hereunder, shall be subject to all provisions of law relating to determination of Market Value and taxation,including, but not limited to,laws relating to rendition,assessment,equalization and appeal.Any invoiced amounts that are not paid by the Due Date shall be considered delinquent. Delinquent amounts shall be immediately subject to interest at 12% per annum, compounded monthly and the COMPANY shall reimburse the CITY for its costs of collections, including reasonable attorneys' fees. Section 3.08 Filing of Industrial District Agreement.After execution,the CITY will file this Agreement with the applicable County Clerk, invoice the COMPANY for the filing fee, and provide a file-stamped copy to the COMPANY. COMPANY shall remit payment for such filing fee within 30 days after being invoiced for the cost of such filing. Article 4 Section 4.01 Company Failure to Pay/Company Breach. If the COMPANY fails to make a report or payment due to the CITY hereunder or if the COMPANY fails to perform any other material obligation incumbent upon the COMPANY to be performed hereunder or revokes any provision of this Agreement or attachment hereto,and if such default is not fully corrected within 60 days (or such longer period to the extent required by Section 4.04) after the CITY gives written notice of said default to the COMPANY, the City shall have the option to either(1) accept the C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 7 COMPANY's Petition for Annexation and Agreement for Provision of Municipal Services and commence annexation proceedings,in accordance with Section 10.07 below,and sue to recover all damages; or(2)continue this Agreement for its Term and collect the payments required hereunder.A failure to perform pursuant to this Agreement will not be considered "material" if such failure to perform does not affect reporting, payment, annexation, or enforceability of any provision of this Agreement. Nonetheless, a COMPANY violation or failure to perform this Agreement,regardless of materiality shall entitle the City to declare this Agreement in default and commence ordinary annexation proceedings. Section 4.02 Lien. The CITY shall be entitled to and have a tax lien on the Land and Improvements and personal property which may,in the event of default in payment of any sum due hereunder that is not cured in accordance with Section 4.04 below,be enforced by CITY in the same manner as provided by law and for the collection of delinquent ad valorem taxes. Additionally, the CITY shall be entitled to and have a contractual lien on the Land and Improvements and personal property which may be foreclosed in the event of such uncured default (1)judicially or (2) extra judicially in the same manner as a deed of trust under the Texas Property Code, and for that purpose may appoint a trustee or trustees. Section 4.03 City Breach. If the CITY breaches this Agreement by annexing or attempting to pass an ordinance annexing any of the Land(except with reference to any annexation provided for herein),the COMPANY shall provide written Notice of Default(clearly labeled as such)to the CITY and CCOMPANY shall be entitled to enjoin the CITY from the date of its breach for the balance of the Term of this Agreement from enforcing any annexation ordinance adopted in violation of this Agreement and from taking any further action in violation of this Agreement. If the COMPANY elects to pursue this remedy, then so long as the CITY specifically performs its obligations hereunder, under injunctive order or otherwise, the COMPANY shall continue to make the annual payments required by this Agreement. Section 4.04 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by the COMPANY of any of the terms or conditions of this Agreement,the CITY shall give the COMPANY written Notice of Default (clearly labeled as such) specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the COMPANY will be afforded 60 days within which to cure the alleged default. A default not related to payment that cannot be remedied within 60 days may be subject to a Plan of Cure that will be considered by the CITY if said Plan is requested in writing to the CITY within 30 days after CITY sends the Notice of Default. The City will approve a Plan of Cure that cannot be remedied within 60 days not related to payment if such plan of cure reasonably cures the default in the most expeditious manner possible and does not harm the enforceability of any legal remedies provided in this document and its attachment. Failure of the COMPANY to comply with the Plan of Cure will be considered an additional default of this Agreement. Section 4.05 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other,and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.06 No Waiver of Rights and Remedies. It is expressly understood that if at any time the COMPANY is in default in any provision of this Agreement,the failure on the part of the CITY to promptly avail itself of the rights and remedies that the CITY may have,will not be considered a waiver on the part of the CITY;provided that if the CITY within 4 years from the date of any default by the COMPANY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Further, is expressly understood that if at any time the CITY is in default in any provision of this Agreement, the failure on the part of the COMPANY to promptly avail itself of the rights and remedies that the COMPANY may have,will not be considered a waiver on the part of the COMPANY;provided that if the COMPANY within 4 years from the date of any default by the CITY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Section 4.07 Limitation of Liability.To the fullest extent permitted by law,and not withstanding any other provision of this Agreement, in no event will either party be liable to the other party hereunder for punitive, exemplary, or C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 8 indirect damages, lost profits or business interruptions damages; provided however, this limitation in not meant to limit the CITY'S rights under this Agreement to collect from the COMPANY any unpaid PILOT,late penalties and interest associated therewith, and any costs of collection including but not limited to reasonable attorney fees. Article 5 Section 5.01 Description of Property.The COMPANY agrees to provide the CITY with a listing of Geographic ID numbers, as available from the applicable CAD or its successor, to be attached hereto and incorporated herein as Exhibit A. With respect to COMPANY'S acquisition of new land in the Industrial District, as described in Section 3.01 which becomes included in the Land,COMPANY agrees to provide to CITY a listing of Geographic ID numbers as available from the applicable CAD or its successor. Article 6 Section 6.01 Annexation By Another Entity.If any attempt to annex any of the Land owned,used,occupied,leased, rented or possessed by COMPANY,is made by another municipality,or if the incorporation of any new municipality should attempt to include within its limits the Land or property, the CITY shall seek a temporary and permanent injunction against the annexation or incorporation,with the cooperation of the COMPANY, and shall take any other legal action necessary or advisable under the circumstances.The cost of the legal action shall be borne equally by the Parties;provided,however,the fees of any special legal counsel shall be paid by the Party retaining same. Section 6.02 Termination. If the CITY and the COMPANY are unsuccessful in obtaining a temporary injunction enjoining the attempted annexation or incorporation described in Section 6.01 above,the COMPANY shall have the option of(1)terminating this Agreement,effective as of the date of the annexation or incorporation into the CITY,or (2) continuing to make the PILOTS required hereunder. This option shall be exercised within 30 days after the application for the temporary injunction is denied. If the COMPANY elects to continue the PILOT, the CITY shall place future payments hereunder together with part of the payment for the Calendar Year in which the annexation or incorporation is attempted, prorated to the date the temporary injunction or relief is denied, in a separate interest- bearing escrow account which shall be held by CITY subject to the following: A. If final judgment (after all appellate review, if any, has been exhausted) is entered denying a permanent injunction and/or upholding the annexation or incorporation,or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation, then all of such payments and accrued interest thereon shall be refunded to the COMPANY; or B. If final judgment (after all appellate review, if any, has been exhausted) is entered granting a permanent injunction and/or invalidating the annexation or incorporation, or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation,then all of such payments and accrued interest thereon shall be retained for use by the CITY. Article 7 Section 7.01 Sale or Lease. If the COMPANY sells all or a portion of the Land or Improvements to any entity,then the COMPANY shall within 90 days give notice to the CITY of said sale,and this Agreement shall continue in effect as to all Land and/or Improvements sold.If the COMPANY leases all or a portion of the Land or Improvements to an entity that will be responsible for payment hereunder,the COMPANY shall within 90 days give notice to the CITY of said lease, and this Agreement shall continue in effect as to all Land and/or Improvements leased. Section 7.02 Company's Responsibility for Payment; Assignment. The COMPANY as seller or lessor in a transaction pursuant to Section 7.01 above, shall remain responsible for any PILOT attributable to the Land or Improvements sold or leased unless the COMPANY has entered into an assignment and assumption agreement with the buyer or lessee of such Land or Improvements that the CITY has consented to, in which the buyer or lessee assumes all responsibilities and obligations under this Agreement as to the purchased or leased Land and/or Improvements.The CITY will consent to an assignment and assumption agreement if all payments for PILOT are up- C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 9 to-date and said agreement provides for execution of documents required by the CITY to ensure the continued enforceability of all obligations of this Agreement in a form satisfactory to the CITY, acting reasonably. If the COMPANY assigns its payment responsibility to a lessee and COMPANY's lessee fails to make any required payments after assuming such responsibility,the COMPANY may,after notice in accordance with Section 4.04,either make the required payments itself or agree to annexation by petition in accordance with Section 10.07 below. Effective the date of transfer of the Land to a new owner, the new owner of the Land will execute a Petition for Annexation and Agreement for Provision of Municipal Services,in substantially the same form as the one attached as Exhibit C,signed by the buyer before the CITY will consent to the assignment. Section 7.03 Covenant Running with the Land. THIS AGREEMENT SHALL BE DEEMED COVENANTS RUNNING WITH THE LAND, AND A MEMORANDUM OF AGREEMENT SHALL BE RECORDED IN THE REAL PROPERTY RECORDS OF NUECES COUNTY, TEXAS AND/OR SAN PATRICIO COUNTY, TEXAS, AS APPLICABLE. THE COMPANY AND THE CITY ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT IS BINDING UPON THE CITY AND THE COMPANY AND THEIR RESPECTIVE SUCCESSORS, EXECUTORS, HEIRS, AND ASSIGNS, AS APPLICABLE, FOR THE TERM OF THIS AGREEMENT AND CONSTITUTES A COVENANT RUNNING WITH THE LAND. ALL SUCCESSIVE FUTURE OWNERS OF THE LAND WILL BE TO THE SAME EXTENT BOUND BY AND WILL HAVE THE SAME RIGHT TO INVOKE AND ENFORCE,THE PROVISIONS OF THIS AGREEMENT AS THE ORIGINAL SIGNERS OF THIS AGREEMENT. Article 8 Section 8.01 Inurement. This Agreement shall inure to the benefit of and be binding upon the CITY and the COMPANY, and shall inure to the benefit of and be binding upon the COMPANY'S successors, assigns, Affiliates and subsidiaries, and, subject to Section 7.02, shall remain in force whether the COMPANY sells,assigns,or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the Land, and the agreements herein contained shall be held to be covenants running with the Land for so long as this Agreement or any extension thereof remains in force. The COMPANY agrees to require any Affiliates of COMPANY who desire to have the benefits of this agreement execute such documents as required by the CITY to ensure the enforceability of all provisions of this agreement, including, but not limited to, for all owners of the Land, the attached Petition for Annexation and Agreement for Provision of Municipal Services.Failure of any owner of the Land to execute this agreement and attached Petition for Annexation and Agreement for Provision of Municipal Services will constitute a default. Article 9 Section 9.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area.The COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Section 9.02 Water Procurement.The COMPANY acknowledges that the CITY provides a regional water system that is critical to the well-being and economic growth of the entire area and that it is important for each customer to continue to use the system as its principal source of water. The COMPANY agrees to provide six months written notice of any intent or action to obtain more than ten 10% of its total water needs from any source other than the CITY. This Agreement does not guarantee to the COMPANY the availability of any specified amount or quantity of water, subject to any obligations that that might apply to the CITY pursuant to state law. Article 10 Section 10.01 Severabilitv. In the event any word,phrase,clause, sentence,paragraph, section, article or other part of this Agreement or the application thereof to any person, firm, corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal, invalid or unconstitutional for any reason, then the application, C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 10 illegality, invalidity or unconstitutionality of the word, phrase, clause, sentence, paragraph, section, article or other part of this 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. Section 10.02 Entire Agreement.This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. The exhibits attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. The language in all parts of this Agreement shall in all cases be construed according to its fair meaning and shall not be strictly construed for or against any party. Section 10.03 Notices.Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates shall be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below, with a prominent identification of the title of this Agreement to which it refers, "INDUSTRIAL DISTRICT AGREEMENT NO.«ID»".Each Party must notify the other Party of any change of address in writing. To the CITY: City of Corpus Christi-City Manager 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 With copies to City of Corpus Christi Director of Finance P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3105 City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 If to COMPANY: CITGO Refining and Chemicals Company,LP 1802 Nueces Bay Blvd. Corpus Christi,Texas 78407 Phone: 361-8444633 Fax: 361-8444853 With copies to: CITGO Refining and Chemicals Company,LP Debra Gibson—N4073 P.O.Box 4689 Houston,Texas 77210 Phone: 832486-4322 Fax: 832486-1828 Section 10.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to any of its conflicts of law principles. This Agreement is to be performed in Nueces County,Texas. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 11 Section 10.05 Counterparts.This Agreement may be executed in multiple counterparts,each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 10.06 Authority; Construction.By acceptance of this Agreement and/or benefits conferred hereunder,each party represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained herein. The headings contained in this Agreement are for reference purposes only,are not to be considered a part hereof,and shall not affect in any way the meaning or interpretation of this Agreement.Unless the context otherwise requires: (i) the word "including" shall mean "including, but not limited to," (ii) words used in the singular shall also denote the plural,and words used in the plural shall also denote the singular,and(iii)references to the terms"Article,""Section," "clause," "Exhibit" and "Schedule" are references to the Articles, Sections, clauses, Exhibits and Schedules of this Agreement unless otherwise specified. Section 10.07 Petition for Annexation. Subject to the provisions of Article 4, COMPANY agrees that failure to timely cure any default in accordance with this Agreement constitutes a petition for annexation of the Land and in furtherance thereof in the event of such a failure,a voluntary Petition for Annexation and Agreement for Provision of Municipal Services executed by all owners of the Land is attached hereto as Exhibit C and may be accepted by the CITY for purposes of annexing the Land in the event that COMPANY fails to timely cure any default in accordance with this Agreement. Further, COMPANY agrees that the annexation petition may be accepted by the CITY for purposes of annexing the Property in the event that, during the Term of this Agreement, a bill is approved by the Texas Legislature that will,in the sole but reasonable and continuing opinion of the CITY,result in a prohibition of annexation of all or part of the Land. In addition to the filing of a voluntary Petition for Annexation and Agreement for Provision of Municipal Services pursuant to this section,the City may pursue such other annexation actions related to the Land as appropriate to ensure all owners of the Land are included in any annexation(s). In the event of annexation pursuant to a bill approved by the Texas Legislature, then the annexation will be subject to the City's agreement to execute a 380 Agreement with COMPANY and its relevant Affiliates for the remainder of the term of this Agreement,in the form attached as Exhibit F. In the event of such legislation, the Parties will consider alternative legal arrangements that would preserve the Parties' rights and authority that would not require full annexation. The preceding paragraph applies to any of the COMPANY's successors,assigns,or Affiliates provided for in Section 8.01,regardless of ownership or other interest in Land subject to this Agreement,including the provisions related to the 380 Agreement. If the Land is annexed,this Agreement will terminate automatically upon payment of the final PILOT payment due under this Agreement. Annexation does not absolve the COMPANY of the requirement to pay any PILOT that accrued prior to the date of annexation under this Agreement,and the CITY may pursue all remedies in law and equity to collect such past due PILOT payments.Nonetheless,no PILOT will be due for any year for which the COMPANY is subject to taxation due to annexation. This Agreement and the attached documents are authorized and enforceable pursuant to Texas Local Government Code § 212.172. The Parties agree that the following disclosure is sufficient for purposes of Section 212.172(b-1)of the Texas Local Government Code: THE COMPANY IS NOT REQUIRED TO ENTER INTO THIS AGREEMENT AND HAS CHOSEN TO DO SO OF ITS OWN FREE WILL. AT THE TIME OF THIS AGREEMENT, THE CITY HAS THE AUTHORITY TO ANNEX THIS PROPERTY EITHER BY REQUEST OF THE OWNER UNDER SUBCHAPTER C-3 OF TEXAS LOCAL GOVERNMENT CODE CHAPTER 43 OR WITHOUT THE REQUEST OF THE OWNERS UNDER SECTION 43.0116 OF THE TEXAS LOCAL GOVERNMENT CODE.THIS AGREEMENT OFFERS COMPANY PROTECTION FROM ANNEXATION UNDER SECTION 43.0116. IN EXCHANGE FOR THAT IMMUNITY, THE COMPANY REQUESTS ANNEXATION THROUGH PETITION IF COMPANY FAILS TO COMPLY WITH THE REQUIREMENTS OF THIS AGREEMENT. IN THE EVENT THAT COMPANY TRIGGERS C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 12 ANNEXATION UNDER THIS SECTION 10.07, THE CITY WILL ACCEPT THE ANNEXATION PETITION AND PRESENT AN ANNEXATION ORDINANCE TO CITY COUNCIL FOR APPROVAL FOLLOWING A PUBLIC HEARING. NO FURTHER CONSENT OF THE LANDOWNER IS REQUIRED FOR ANNEXATION BY PETITION. THE CITY WAIVES IMMUNITY FROM SUIT ONLY FOR PURPOSES OF CHALLENGING AN ANNEXATION,ADMINISTERING PILOT PAYMENTS AND REFUNDS OR PURSUING REMEDIES UNDER ARTICLE 4. Section 10.08 Effect of Future Laws. To the extent allowed by the Constitution and laws of the State of Texas, no subsequent change in the law regarding annexation shall affect the enforceability of this Agreement or the CITY's ability to annex the Land covered herein pursuant to the terms of this Agreement. fa-ver-able to 4he laiidevffief4ffift 44-Reqw-, i4-;- this Agr-eement, C;OMAA--�AL aiid its stieeessefs wid assigns shall nel have the right to either- teFmina4e this Agfeement or- amend this Agr-eeffient to eentain the fner-e favor-able in liett of twi Seetion 10.091%4ost Favored Nations,. if CITY enters inle a new industr-W Pis4fiet Agfeement,or-a wnewa4 of an�7 b Exhibits: Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Exhibit B Form of Sworn Schedule of Values Exhibit C Petition for Annexation &Agreement for Provision of Municipal Services —to be executed at time of signatures to Agreement by all Land owners Exhibit D Form of Property Supplement Exhibit E Standard Industrial District Annexation 380 Agreement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 13 EXECUTED this day of 2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: «LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «L0_S1gnatory_T1tle» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 14 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Name: Title: 40 Signatory_Title» Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: oL Signatory» Naine: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by«L_Signatory», as the «L_Signatory_Title>>of«L Name>>,a«L_Entity_State» «L_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 15 Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Depictions of Land subject to this Agreement 2164-0001-0010 68 Outside Land DRISCOLL VILLAGE LTS 1-A,1-0&1 2892-0001-0010 68 Outside Land GRACE HTS LT 1 BK 1 2892.OD01-0020 6B Outside Land GRACE HTS LTS 2 THRU 39 BK 1 � 2992-0002-0010 5B Outside Land GRACE HTS LTS 1 THRU 12 BK 2 3191-0001-0010 6B Outside Land HARBOR VIEW ESTS LTS 1 THRU 11 BLK A 3191-0002-0010 6B Outside Land HARBOR VIEW ESTS LTS 1 THRU 10 BLK B 3191-0003-0010 GB Outside Land HARBOR VIEW ESTS LTS 1 THRU 6 BLK C 3191-0004-0160 6B Outside Land HARBOR VIEW ESTS LTS 16 THRU 33 BLK D 3191-0005-0010 6B Outside Land HARBOR VIEW ESTS LTS I THRU 32 BLK E RIM 3191-0008-0010 68 Outside Land HARBOR VIEW ESTS LTS I THRU 33 BLK H 3191-0010-0010 6B OutsTdeM HARBOR VIEW ESTS LTS 1 THRU 51 BLK 1 see e; 3191-0011-0010 6B Outside Land HARBOR VIEW ESTS LTS 1 THRU 50 BLK K 3191-0013-0240 6B Outside Land HARBOR VIEW ESTS LTS I THRU 15,18 THRU 21&24 THRU 48 BLK S933 OODO-0000 6B Outtide Land OAK LAWN STREET CLOSURES IN THE NE PART OF ABS 01,14.9147 ACS 5933 =1-0010 66 Outside Land OAK LAWN LTS 1 THRU 21 BK 1 AIM ,. 5933-GO02-0010 6B Outside Land OAK LAWN LTS 1 THRU 14 8K 2 5933-0003-0010 5B Outside Land OAK LAWN LTS 1 THRU 4,SA,GA,68,7&PT LTS 5&10 THRU 13 ALL LT 14 BK 3 5933-0004-0040 68 Outside Land OAK LAWN LTS 3 THRU 19 BK 4 5938-0012.0010 6B Outside Land OAK PARK LTS 1,7&N 85'OF LT 8A BK 12 5938-0015-0010 6B Outside Land OAK PARK LTS 1 THRU 12 BK 15 5938-0016-0010 68 Outside Land OAK PARK LTS 1 THRU 6&B THRU 12 BK 16 5938-0017-0010 68 Outside Land OAK PARK LTS 1 THRU 4&11&12 BK 17 6849-0004-0015 GB Outside Land PONTIAC TRACTS 2.43 ACS OUT TR B iCL{PT PARCEL 7 TRACT I}EAST PLANT C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL@241917A3.docx 16 Exhibit B Form of Sworn Schedule of Values for Industrial District Agreement No. As of 1/1/ Due 8/31/ COMPANY NAME: Contact Name: Telephone: Address: Geographic Description Earliest Date that CAD Market Did CAD declare COMPANY Prior year Did CAD declare ID# Property was first Value property exempt valuation in CAD prior year property placed in use or from taxation lawsuit filed Market exempt from affixed to the Land pursuant to Texas by value taxation pursuant to if Property is an Property Code COMPANY Texas Property Iniprovement 11.317 Code 11.31 Total I a duly authorized official of the above COMPANY, do swear that the inforination provided is accurate and within my knowledge. Signature Date Name & Title of Authorized Official Sworn to and subscribed before me by on this day of (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 17 Exhibit C Petition for Annexation To: The City Council of The City of Corpus Christi,Texas: The undersigned Landowner(s)of the hereinafter described tract of Land,which is without residents,request the City Council of the City of Corpus Christi,Texas,to extend the present city limits of the City of Corpus Christi,Texas,to include as part of the City of Corpus Christi, Texas, the territory described in Exhibit A of the Industrial District Agreement to which this document is attached,and the document description herein is considered incorporated herein. We certify that this Land is not appraised for ad valorem tax purposes as land for agricultural or wildlife management use under Texas Tax Code, Chapter 23, Subchapters C or D, as they may be amended or as timber land under Subchapter E of that chapter as it may be amended. Attached hereto is the Agreement for Provision of Municipal Services, fully executed by all of the undersigned Landowner(s). This Petition for Annexation of the above-described tract of land is intended to be signed and duly acknowledged by each and every owner of said Land. LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory», as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 18 Exhibit C Agreement for Provision of Municipal Services This Agreement for Provision of Municipal Services ("Service Agreement") pursuant to Texas Local Government Code §43.0672, as amended is entered into by and between the City of Corpus Christi ("CITY"'), and ("Landowner"). WHEREAS, the Landowner has requested that the City consider annexation of the territory described in Exhibit A of the Industrial District Agreement to which this document is attached situated in County,Texas,which is hereinafter described as the "Land"; WHEREAS, the CITY intends to institute annexation proceedings for the Land, and Texas Local Government Code §43.0672 requires a written agreement for the provision of services in the area first be entered into between the City and Landowner of the Subject Property prior to annexation; WHEREAS,the City Council of the City of Corpus Christi,Texas,finds and determines that: • this Agreement will not provide any fewer services or a lower level of services in the annexation area than were in existence in the annexation area at the time immediately preceding the annexation process, and • this Agreement for Provision of Municipal Services will provide the Land with a level of service, infrastructure, and infrastructure maintenance that is comparable to the level of service, infrastructure, and infrastructure maintenance available in other parts of the municipality with topography, land use, and population density similar to those reasonably contemplated or projected in the area; and • all statutory requirements for annexation have been satisfied and the CITY is authorized by Texas Local Government Code Chapter 43 to annex the Land into the CITY. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the CITY and the Landowner(s) agree as follows: Section 1.Recitals.The Parties hereto acknowledge and agree that the foregoing recitals are hereby found to be true and correct and are hereby adopted by the Parties and made a part hereof for all purposes. Section 2.Services to be Provided.The following service list represents the provision of services agreed to between the landowner of the Property and the City establishing a program under which the City will provide municipal services to the Subject Property as required by Texas Local Government Code §43.0672,which will be provided at a level consistent with services levels provided to other similarly situated areas within the City. • Police Protection: The Corpus Christi Police Department will provide police protection at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Fire Protection: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable) attached to the Industrial District Agreement to which this document is attached, the Corpus Christi Fire Department will provide fire protection and suppression at the same level of service now being provided to other areas of the City of Corpus Christi,Texas,with similar topography, land use,and population density. • Emergency Medical Service: The Corpus Christi Fire Department will provide emergency medical services at the same level of service now being provided to other areas of the City of Corpus Christi,Texas, with similar topography,land use, and population density. C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 19 • Solid Waste Collection: Solid waste collection and services will be provided at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Operation and Maintenance of Water and Wastewater Facilities that are not Within the Service Area of Another Water or Wastewater Utility: Water and wastewater service will continue to be provided in accordance with the Corpus Christi Code of Ordinances,Corpus Christi Unified Development Code,Utility Department Policies, and engineering standards at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density, provided the service is not currently served by another utility through existing facilities located within or adjacent to the area. Water or wastewater facilities owned or maintained by the CITY at the time of the proposed annexation shall continue to be maintained by the CITY. Water or wastewater facilities that may be the property of another municipality or other entity shall not be maintained by the City of Corpus Christi unless the facilities are dedicated to and accepted by the City of Corpus Christi.The current water line mains at their existing locations shall be available for point of use extension based upon the current City's standard water extension policies now existing or as may be amended. On-site sewage facilities will be allowed contingent upon the property owner meeting all city, county, state and federal requirements. • Operation and Maintenance of Roads and Streets, including Street Lighting: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable)attached to the Industrial District Agreement to which this document is attached,The City will maintain public streets, including road and street lighting, within the annexed area at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density. Any and all lighting of roads, streets, and alleyways that may be positioned in a right- of-way, roadway, or utility company easement shall be maintained by the applicable utility company servicing the City of Corpus Christi,Texas,pursuant to the rules,regulations, and fees of the utility. • Operation and Maintenance of Parks,Playgrounds and Swimming Pools: Currently,there are no public recreational facilities in the annexation area,including parks,playgrounds,or swimming pools. • Operation and Maintenance of any other Publicly-Owned Facility,Building, or Service: Currently,no other publicly owned facilities, buildings, or services are identified in the annexation area. If the City acquires any such facilities,buildings,or services within the annexation area,an appropriate City department will provide maintenance services. Section 3. Schedule of Services.In accordance with Texas Local Government Code § 43.0672(c),no other services are contemplated by this Service Agreement and a schedule for future services as contemplated by Texas Local Government Code § 43.0672(b)is not applicable as all services identified herein will be provided upon the effective date of annexation. Section 4.Level of Service.Nothing in this Service Agreement shall require the City to provide a uniform level of full municipal services to each area of the City,including the annexed areas,if different characteristics of topography, land use,and population density are considered a sufficient basis for providing different levels of service. Section 5.Term.The term of this Service Agreement is 10 years from the date the annexation is effective. Section 6. Vested Rights Claims. This Service Agreement is not a permit for the purposes of Texas Local Government Code Chapter 245. Section 7.Legal Construction.No subsequent change in the law regarding annexation shall affect the enforceability of this Service Agreement. If any provision in this Service Agreement is for any reason found to be unenforceable, to the extent the unenforceability does not destroy the basis of the bargain among the parties, the unenforceable provision will not affect any other provision hereof, and this Service Agreement will be construed as if the C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 20 unenforceable provision had never been a part of the Agreement. Whenever the context requires, the singular will include the plural and neuter include the masculine or feminine gender,and vice versa. Section 8. Venue and Applicable Law. Sole venue for this Service Agreement shall be in Nueces County, Texas. This Service Agreement shall be construed under and in accordance with the laws of the State of Texas. Section 9.Authority.This Service Agreement binds and inures to the benefit of the CITY,LANDOWNER,and their successors and assigns.Each party further warrants that each signatory to this Service Agreement is legally authorized to bind the respective individual or entity for the purpose established herein. EXECUTED,this the day of ,2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024, by Assistant City Manager of the City of Corpus Christi, a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: <<LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «L0_S1gnatory_Title» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufc-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 21 Exhibit D Form of Property Supplement to Industrial District Agreement No. This Supplement to Industrial District Agreement No. (this "Supplement") between CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY,"and«LO Name», a«LO Entity_State» «LO_Entity_Type», Landowner,«IO_Name»,a«IO_Entity_State» «IO Entity_Type»,Improvements Owner,and«L Name»,a«L Entity_State»«L Entity_Type»Lessee,hereinafter collectively called the "COMPANY," is executed on the dates of execution of this Supplement as set forth immediately above the respective signatures of the CITY and the COMPANY below, but this Supplement shall be effective on the date on which the land described in the attached Description of Additional Land attached hereto was acquired by the COMPANY (the Supplement Effective Date"). WHEREAS,reference is hereby made to Industrial District Agreement No. (the same,as heretofore amended and as heretofore supplemented,is herein called the"Industrial District Agreement")entered into on 2024,by and between the COMPANY and the CITY; and WHEREAS,the COMPANY has acquired the land described by the applicable CAD Geographic ID number in the Description of Additional Land attached hereto which is located within an Industrial District,and,the COMPANY has provided the CITY with a revised Exhibit A- Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement to the Industrial District Agreement that includes a complete listing by CAD Geographic ID number of such acquired land and any Improvements thereon. WHEREAS, in furtherance thereof, and as provided for in the Industrial District Agreement, the CITY and the COMPANY desire to execute and deliver this Supplement to evidence that such acquired land is made subject to the terms and provisions of the Industrial District Agreement. NOW,THEREFORE,for and in consideration of the covenants and agreements contained herein and in the Industrial District Agreement,the CITY and the COMPANY hereby agree that the land described on the attached Description of Additional Land is hereby designated to be and constitutes additional Land for purposes of the Industrial District Agreement No. and all of its exhibits effective as of the Supplement Effective Date. Each party hereto represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Supplement and all of the exhibits to the Industrial District Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained in all of those documents. ENTERED into this day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation, on behalf of said corporation. C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 22 (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: «LO Signatory)) Name: Name Title: «LO_Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 ,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name»,a«LO_Entity_State»«LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,20 . (seal) Notary Public IMPROVEMENTS OWNER ATTEST «IO_Name» By: Name: Name: JO_Signatory» Title: Title: «IO_Signatory_Title» IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 by «IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 20. (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 23 Exhibit E Standard Industrial District Annexation 380 Agreement This Agreement ("Agreement") is made and entered into as of , (the "Effective Date"), by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and <<LO Name», a <<LO Entity_State» <<LO Entity_Type», Landowner,«IO_Name», a «IO_Entity_State» «IO Entity_Type», Improvements Owner, and <<L Name», a<<L Entity_State» <<L Entity_Type» Lessee,hereinafter collectively called the "COMPANY."pursuant to Chapter 380 of the Texas Local Government Code. WHEREAS,the COMPANY or an Affiliate thereof desires to voluntarily be annexed into the CITY limits of Corpus Christi and agreed to this voluntary annexation as a condition of entry into an industrial district agreement with CITY; and WHEREAS, the CITY has established a program in accordance with Article III, Section 52- a of the Texas Constitution and Chapter 380 of the Texas Local Government Code ("Chapter 380") under which the CITY has the authority to make loans or grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the CITY; and WHEREAS, the CITY has concluded and hereby finds that this Agreement promotes economic development in the CITY of Corpus Christi and, as such, meets the requirements under Chapter 380 and the CITY's established economic development program, and, further, is in the best interests of the CITY and COMPANY; and WHEREAS, the CITY recognizes the positive economic impact that the COMPANY's investment in COMPANY's industrial facility will bring to the CITY through development and diversification of the economy, reduction of unemployment and underemployment through the retention of existing jobs and the production of new jobs, and the attraction of new businesses; and as described in this Agreement; and WHEREAS, consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, CITY and the COMPANY as contemplated in this Agreement agree to work together to cause the public purposes of developing and diversifying the economy of the state, reducing unemployment or underemployment in the state, and developing or expanding transportation or commerce in the state; and WHEREAS, to ensure that the benefits the CITY provides under this Agreement are utilized in a manner consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, the COMPANY has agreed to comply with certain conditions for receiving those benefits, and WHEREAS, the CITY and the COMPANY desire to enter into this Agreement for their mutual benefit; NOW, THEREFORE, for and in consideration of the foregoing recitals and of the mutual promises, obligations, covenants and benefits herein contained,CITY and the COMPANY contract and agree as follows: Article 1. General Terms Section 1.01 Definitions. The following terms have the following meanings: a. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 24 b. Appeal Rebate Date. Ninety days after the termination of the COMPANY's rights to appeal the value of an appealed CAD Geographic ID via lawsuit, protest, appeal or other legal proceeding and the COMPANY's notification thereof to the CITY. c. Business Personal Property. Taxable tangible personal property, including inventories, located on the Land. d. CAD. The county appraisal district (either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the Land and Improvements located within the boundaries of such appraisal district. e. Calendar Year. A period of time beginning January I and ending December 31 in a numbered year. f. Existing Improvements. Improvements other than New Improvements. g. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. h. Land. "Land" shall mean the land owned by the COMPANY or its Affiliate described in Exhibit A attached to the Industrial District Agreement to which this document is attached. i. Market Value.As determined and defined by the applicable CAD. j. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement. k. Non-Appeal Rebate Date.April I following the relevant tax year or 60 days following the COMPANY's payment of ad valorem taxes for an unappealed CAD Geographic ID,whichever is later 1. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). m. D »Ρer-�., The iris,-,.yemea�s and personal r ei4y as dese,-ibe her-eill. Section 1.02 Continuation of Land Use Under Sec. 43.002 Local Govt Code; Industrial Use of Land may continue; Exclusions from City Code Regulatory and Permit Requirements that may limit Industrial Use: a. CITY and COMPANY agree that Sec. 43.002,Tex. Loc. Govt. Code ("Sec. 43.002)provides that CITY may not prohibit COMPANY from continuing to use land in the manner in which the land was being used on the date the annexation proceedings were instituted. Subject to rights existing under Sec. 43.002, COMPANY and CITY mutually stipulate that the Land annexed into the City was being used at the time of annexation for uses that fall within the Heavy Industrial(IH) zoning district under the Corpus Christi City Code. CITY will, after a COMPANY request that cites this provision, promptly initiate and pursue a zoning case for the Land,without zoning fees being assessed to COMPANY,to be zoned IH(or such other zoning district that permits COMPANY's industrial activities),without the need for any additional CITY permits. b. CITY and COMPANY stipulate that, as a matter of law, Sec.43.002 guarantees to COMPANY the right to use the Land for Heavy Industrial Uses and other uses that might be authorized within the IH zone without the necessity for additional licenses,certificates,permits,approvals,or other forms of authorization,including C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 25 but not limited to Conditional Use Permits or Special Use Permits To the extent that any court, board, commission, or other entity proposes or requests any permits or other authorizations be required as a result of annexation into the City limits,the CITY agrees to support, and if requested,request the issuance of such permits or other authorizations. c. CITY stipulates that,during the term of this Agreement and as a provision of this Agreement, the entirety of the Land will be treated as"IH"(Heavy Industrial)or equivalent zoning district for purposes of Corpus Christi City Code Section 14-231, including that Section's exemption of IH-zoned Land from the requirements of the necessity of obtaining building permits and compliance with the Technical Construction Codes of the CITY. d. Corpus Christi City Code Section 14-231 currently provides as follows, which terms the Parties agree and stipulate shall be applicable to new construction on the Land except as otherwise provided in this Section 1.02: Section 105.1.4 Building Permit Exemptions: (a)Definitions. For the purposes of this section: State or Federal Facility means a facility owned or managed by the State of Texas or the federal government. Industrial Facility means a facility used to manufacture, compound, package, process, refine, sort, test,and treat raw materials and other processed materials into finished or intermediate products and to store equipment or materials used by that industrial facility. Agricultural Facility means any structure on a tract of land larger than 10 acres used exclusively in connection with ranching or agricultural use, excluding structures used for residential, commercial, or industrial purposes. (b)Exemption.A State or Federal Facility,Industrial Facility,or Agricultural Facility may claim an exemption from the City's requirement for technical construction code permits if all connections between the aforesaid facility and the city water system are equipped with a backflow prevention device or air gap. (c)An Industrial Facility can only claim the technical construction code permit exemption if. Lthe facility or industrial processing unit is inaccessible to the general public; 2.the facility or unit is zoned IH or occupies a site of 20 or more contiguous acres; 3.the facility or structure is not within 150 feet from the I-37 right-of-way; and 4.the construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit is under a licensed professional engineer's observation and direct supervision. The licensed professional engineer will certify that all improvements meet the intent or spirit of the City's technical construction codes and life safety criteria for the occupancy as outlined in Chapter 14 of the Corpus Christi Code. (d) The building official and/or Corpus Christi Water representative has the right to inspect any installations connected to the city water system to the point of the valves or safety devices to ensure the connection to a backflow prevention device or air gap. (e) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that does not have the required technical construction code permits and does not install backflow prevention devices or air gaps at all connections to the city water system authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. (f) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that fails to test or timely provide test results or maintain the required backflow prevention device in good operating condition authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. e. Prior to annexation,none of the Land was subject to CITY ordinances;therefore,it is the intent of the Parties that no part of the Corpus Christi Code of Ordinances shall have the effect of disrupting the industrial operations of COMPANY.Accordingly,the following provisions of the Corpus Christi City Code and other rules and policies of CITY will not apply to the Land: C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 26 (1)Any provision of Chapter 13 or 14 of the City Code requiring notifications to CITY or permits to be issued by CITY,other than: (a) Section 105.1.4 of Section 14-231 of the City Code,except as modified in this section,and (b) Article V (Flood Hazard Prevention Code) of Chapter 14 of the City Code, as amended and/or renumbered. (2) Any ordinances,rules,policies, or other regulatory provisions of CITY addressing a field or area of regulation occupied by a provision of the following codes adopted by the State of Texas: Agricultural Code,Finance Code,Insurance Code,Labor Code,Natural Resources Code, and Occupations Code. (3) The provision of Section 105.1.4(c)(3), set out above, regarding a minimum distance from the I-37 right-of-way may be modified administratively for good cause upon application to the CITY Director of Development Services(or the successor to that position.) (4) The provision of Section 105.1.4(c)(4), set out above, regarding certification by a licensed professional engineer shall not be applicable to construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit provided that COMPANY represents in writing to the CITY Director of Development Services(or the successor to that position)that COMPANY conducts its operations in accordance with currently applicable industry standards and codes. This provision does not require COMPANY to make any written representation to CITY about its maintenance and operations(such as assembly,disassembly,modification,or alteration)that would not otherwise fall within CITY technical construction codes. (5) The provisions of Sec. 105.1.4 (d), (e) and (f) are modified to provide that, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability,effectiveness,and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer (assembly).After such review and determination,CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method,then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY,CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies. If the CITY does not respond within 60 days of such written COMPANY request, then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.03 Annexation and City Services. During the term hereof, pursuant to this Agreement, the CITY shall have no obligation to extend to the Land any utilities or other CITY services, except for services that are being provided to and paid for by the COMPANY on the Effective Date, or as otherwise stated herein. The COMPANY agrees and stipulates that the annexation is valid,and the COMPANY has no right to challenge the annexation of the Land by the CITY. 2. Term Section 2.01 Term.This Agreement shall be effective upon annexation of the Land and continue until December 31, 2039,unless terminated as herein provided or extended for additional period or periods of time upon mutual consent of the COMPANY and the CITY as provided by the Local Government Code. If this agreement becomes effective C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 27 after December 31, 2034, then the CITY will consider extending the termination date of this agreement for a period of up to 5 years. 3. Chapter-380 Rebates of City Ad A'alor-em Taxes Paid hy Compan 3. Left blank Seetion 3.01 Rebate of Ad Valer-em Taxes. Eaeh�eaf dw4tig the teff+i hefeef-,the CITY shall r-ebate a pei4ieti of ad CITY in the fellowifig afflotffits: a. The "Reimbtffsable Twi Ametmt" is the ad valor-em twies paid by the GOMPAN); to the aeeetffit of the finally weeived ffem GOMPANY en Existing improvements owned by GOMPANY on the finally r-eeeived fFem GOMPANY on New improvements &A,ned by GOMPANY on the Land. finally r-eeeived fFam GOMPANY on Business Personal Property owned by GOMPANY on .>aaaa lma+id. fitads and held for- the beaefit of the GOMPANY and GITY for- the pttr-pese of paying the GITY COMPANY,A NY hefeiiiaiter laiewii as+he "ReHibttfseffieii�Aeee b� the Nati Appeal Rebate Pate fellewiiig GOMPANY's eei4ifiea+ieii ef stteh iie appeal stattis fef la the event of an appeal, the GITY will r-ebate the r-eimbttr-sable twies to the GOMPANY by the Appeal Rebate Date. in the Reimbttr-semeat Aeeettat may be ttsed to pay wiy debts of GOMPANY owed to CITY as a r-esttk of defattit of any obligations owed by GOMPANY to CITY, and setoff is attthor-ized for-that The GITY will be the owner- of the Reimbttr-semeat Aeeettat and inter-est paid on the CAUsers\ufc-prodAppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCL a241917A3\CaBCLCa241917A3.docx 28 ■ • ♦ ♦ Y. ♦ I W,11111111 ♦11 11011111"0'.M. ■ ■ • i wail-a ■ • 1 • i ♦ ■ •, Nil • i I'm SIM WIN •�� Article 4.Default and Cessation of Operations Section 4.01 Default by CITY. If the CITY does not perform its obligations hereunder in substantial compliance with this Agreement and, if such default remains uncured for a period of 60 days after notice thereof shall have been given, in addition to the other rights under the law or given the COMPANY under this Agreement,the COMPANY may enforce specific performance of this Agreement and seek an injunction or writ of mandamus to perform obligations under this Agreement. Section 4.02 Default by COMPANY. If the COMPANY does not perform its obligations hereunder in substantial compliance with this Agreement, and, if such default remains uncured for a period of 60 days after notice thereof shall have been given or such longer period as is reasonably necessary to cure default if such default cannot be cured within 60 days not withstanding COMPANY's reasonable efforts to effectuate a cure, the CITY may terminate this Agreement and CITY's obligation to pay any funds to COMPANY under this Agreement will terminate. Section 4.03 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by either party of any of the terms or conditions of this Agreement,the non-defaulting party shall give the other party written notice specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the allegedly defaulting party will be afforded 60 days within which to cure the alleged default. Section 4.04 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.05 Limitation of Liability.In no event will either party be liable to the other party hereunder for punitive, exemplary,or indirect damages,lost profits or business interruptions damages. Article 5.Description of Applicable Property Section 5.01 Description of Property. The COMPANY agrees to provide the CITY with an updated listing of Geographic ID numbers,as available from the applicable CAD,for property located on the Land,to be attached hereto and incorporated into the description of the Land on Exhibit A of the Industrial District Agreement to which this document is attached and supplements thereto,to the extent such Land has been annexed into the territorial limits of the City. rebates of ad valer-efn twies paid to the CITY. Article 6.Transfer of Land or Property to another Entity,Adding or Removing Affiliates,and Remitting Taxes Section 6.01 Sale or Lease. If the COMPANY sells or leases all or a portion of the Land or Improvements to any entity,the COMPANY shall within 90 days give notice to the CITY of said sale or lease. Section 6.02 Assignment. This Agreement may be assigned by the COMPANY to a new owner of Land only with the prior,written approval of the CITY. The CITY may choose to permit assignment and/or require the COMPANY to execute a new 380 agreement with the CITY. If the COMPANY and proposed Assignee are in compliance with all obligations to the CITY,then the CITY will not unreasonably withhold permission for assignment or execution of a new 380 agreement. The mere right to payment pursuant to this agreement may not be assigned. Section 6.03 No Third-Party Beneficiaries,Setoff.Except as specifically assigned with permission of the CITY,no entity other than CITY or COMPANY shall have any right in this agreement or funds due pursuant to this Agreement. Further,the purpose of this agreement is to incentivize the continued operation and expansion of COMPANY. If the COMPANY fails to make payments of taxes or other amounts to the City, then amounts in the Reimbursement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL a241917A3.docx 30 Account may be transferred to the CITY in satisfaction of any debts to the CITY.In the event that COMPANY ceases to do business on the Land, becomes insolvent or otherwise ceases to pay creditors as its debts becomes due, then amounts in the Reimbursement Account will inure to the CITY.Amounts in the Reimbursement Account will not be assignable, and creditors of COMPANY shall have no claim to any amounts in the Reimbursement Account or amounts otherwise owed or payable by CITY to COMPANY. Section 6.04 Adding Affiliates to Agreement.Affiliates who own property in the area of the Land may be added or removed for purposes of this Agreement . Any Affiliates added will need to agree to be governed by the terms of this agreement.The parties to this Agreement intend to prepare standardized forms to enable Affiliates to be added or removed efficiently. Article 7. Procurement Section 7.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area. COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Article 8.Miscellaneous Provisions Section 8.01 Severability.In the event any word,phrase,clause, sentence,paragraph,section,article or other part of this Agreement or the application thereof to any person,firm,corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal,invalid or unconstitutional for any reason,then the application,invalidity or unconstitutionality of the word,phrase,clause,sentence,paragraph,section,article or other part of this 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. Section 8.02 Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. Section 8.03 Notices. Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates may be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below.The COMPANY must notify the CITY of any change of address in writing.Notices by a party to the other party hereto,shall be mailed or delivered as follows: If to CITY: City Manager City of Corpus Christi 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 Fax:361-826-3845 With copies to: City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 Fax: 361-826-3239 If to COMPANY: «LO Name» C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 31 «LO Notice Address» «LO_Notice_City» Phone: «LO Notice Phone» Fax: «LO Notice Fax» With copies to: «IO Name» «IO Notice Address» «IO Notice_City>> Phone: «IO Notice Phone» Fax: «IO Notice Fax» and «L Name», «L Notice Address» «L Notice_City>> Phone: «L Notice Phone» Section 8.04 Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and the sole legal venue for construction of this agreement will be in a court in Nueces County,Texas. Section 8.05 Counterparts. This Agreement may be executed in multiple counterparts, each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 8.06 Authority.By acceptance of this Agreement and/or benefits conferred hereunder,each party represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms, covenants and conditions contained herein. The CITY waives immunity from suit pursuant to this Agreement only for the purpose of administering payments due to COMPANY pursuant to Articles 3 or 4 of this Agreement. Article 9. Chapter-380 Rebates of City Sal., Use Taxes Paid b f`....,p anj7, Left blank. Seetion 9.01 Rebate of City Sales/Use Taxes. Eaeh year-dw4ag �he tefm her-eef,� 4ie CITY shall wbale a pet4ion E) maintenanee,or-for-any other-use 4iat is limited by state law. b. For- eaek ealeiidaf yeaf sttbjeel to this Seetieti 9.01, the CITY will er-ea4e a "Reimbtir-sement Sales,'Use Tax Aeeettal" to be segr-ega4ed fFefn other- CITY funds and held for-the benefit of the COMPANY a-Rd CITY for- the piir-pese E)f paying the r-eba4e of the Reimbiir-sable Sales/Use Tax Afnetmt 1E) the C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 32 aeee�efoina4ef known as the «Reimbufsemeat Sales/-Use Aeee off-set any debts of COMPANY owed to CITY as a festtit of defattit of any obli COMPANY to CITY ttodef this Agfeement. Any intefest aeef+tiflg On �hipe -R-e-imbia-r-sefReat Sales/ fl. The CITY will be the owfief of the Reimbttfsemefit Sales/Use TwE Aeeottat and ifitefest paid on the COMPANY shall tefmiaa+e the COMPANY's fights, if any, to the Afads in the Reimbttfsement to the CITY, of Payment of sale is�cir:res Aen tccr kable tfansaetions on the Land. a paid by the COMPANY femitted to the CITY pttfstta-at to Texas TwE Gode 3-21.101 that afe feba4able ttfide this A, nt Section 9.02 Company Sehedule of Value. On of befefe Febf+tafy -28 fellowing eaeh ealeadaf yeaf of this Agfeement, the COMPANY shall pfevide to the CITY a Swom Sekedttle of Sales,LUse Tax Paid by COMPANY fef Company. This Sehedttle shall doettffietit the salesAttse ta�E -paid by COMPANY off all t&Eable t+aiisaetiotis eti the aeeetmts sttbjeet to this Agfeeffiefft, whethef paid by COMPANY of a+i Affilia4e. The COMPANY hefe eensetits to the !'',)wpt- lle Seetion 9.03 Caletilation of Amount Due.Alithiff 30 days af4ef feEtttest by the COMPANY, fellowiiig GOMPAN3�'s pfe,vide a r-epeA to the COMPANY identifying t4e felevatit aeeottat a+id speeif�iag the amotttit then held in the Section 9.04 Audits. SalesAHse twk is attdited per-iodieally by the Comptfoller, The attdit period is of4en mttitiple years liabilitt4he feifflbtff-SefRefIt fFOM CITY to COMPANY tmder-this Agreement will be handled in the same CAUsers\ufc-prodAppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCL a241917A3\CaBCLCa241917A3.docx 33 QTY. Within 90 days of weeipt of a sa4es/use twi refund, the GOMAA4A� must pr-e:vide to QTY a to CITY. IN WITNESS WHEREOF,the Parties hereto have caused this instrument to be duly executed as of the day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 34 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Naine: Title: <d0 Signatory_Title>> Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «IO_Signatory>>,as the «IO_Signatory_Title>>of«IO Name>>,a«IO_Entity_State>> «IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D.,2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: <L Signatory» Name: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «L_Signatory»,as the «L_Signatory_Title>>of«L Name>>,a«L Entity_State» «L Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL a241917A3\ BCL(241917A3.docx 35 Exhibit to 380 Agr-eemen4 Cie Case assumptions F*yMeHtsiRefu DepositsiRebates G� G� No Appeal- COMPANY NY tifnel. pays inn twE payment e $25 cn into RA,then rebated by e COMPANY tifitimely pa-ys and 0 $115 twE Payment e Q5.50 into RA, then r-eba4ed by Reba4e -c coi Appeal Filed _ lti ti l $l nn itite RA Appeal ettts vaitte by 0 n $cn released to CITY COMPANY n NY timely p s fill bill e $inn initial ..�payment e 7v t;.,1 $25 cn into RA Appeal l eats.mite by 50 e Post Appeal: $cn r-efttfid a Post Appeal: $l- 7c eba4e,a I- ri. Reba4e by QT-)Lr-emaining Q t 7 '7c released to CITY _ loit .,1 $l nn iffte RA _ I ff ti l $l 00 iffte R e GOMPAN3� tiffiely p&ys. additional twE pat,fnetit md POO rebated by Appeal Reba4e additional bill Date- _ Reb a 100 _ hii6..l $l nn iffte RA GOMPAN)L ttti6ffiely pays. additional twE paymeat md WOO rebated by Appeal Reba4-e- additional bill and inetifs Cnran n rTY ti-mely p s f„ll l.;ll e $inn initial ..�p r. e Tv t;.,1 $25 cn into RA • VaItte ; s 100 e Post Appeal: $inn e Post Appeal: $25 cn added to RA • COMPANY timely pa-ys add4iotial t&i pa-yffiefft a+id $51 febated by Appeal Rebate _ Preb , 2 c c o i _ I-ait l $cn into RA e Post Appeali-tie Appeal ettts vaitte by o rt4e f t a RA by Appeal l Reba4e Da4ee _ n )a e 1004 CAUsers\ufc-prodAppDataALocal\Temp\BCL Teclmolo-aies\easyPDF 8\(da BCL�241917A3\(da BCLCt241917A3.docx 36 initial e l- 7 G rote RA e Post Appe Reba4e Reb e COMPANY tifnely fair-pays bill at e $50 initial ta�k payment e initial P-2.75 into RA i$04 - Post Appeal: e35 _ Post Appeal: eti 37c added to RA • Appeal etits y l„e by 25oi elnr 4Zeba4e 25 coi • Appeal e its v mite by 75 isstted by A/i a+id ftmded Appeal Reba4ca&4eremmi—ing CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCL a241917A3\CaBCL(ti 241917A3.docx 37 Exhibit to 380 Agr-eemen4 Form of Sworn Sehedule of Snlesil4se Tax Paid by Compan zT--'ifnef-imie-: !,/tirvugh 1-2/31 r rtaet Name: Telepheffei Aar atyPbrtion Fbturn Account/ Invoice Taxable Sales/Use Wund Period Tax Payer I D' Date Pai d Vendor Number Base Tax Rate Tax Pai d F;bquested F I ed* Total * VV I I appl y to taxpayers payi ng and fi I i ng sal es/use tax For-sales t&i paid dir-eefly �a wiider-s, a eepy of the ieiider- itweiee detailiiig sales taii paid aleiig with �he sehedttle above will be pr-evided. Fef: dir-eet pay pei:ffiit holders, a4taeh a eepy of efteh SEEWS,LHse tali filing with the State aleiig with eeffiple6iig the sehedttle abolve for-eaeh individttal sales,�dse twE filing. Additional detail by vender-will be pr-evided if r-eqttested b�7 provided is aeetwa4e and within my kne dge. signatwe � (Se l4 CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCL a241917A3\CaBCL t�i 241917AI docx 38 INDUSTRIAL DISTRICT AGREEMENT NO. «ID» THE STATE OF TEXAS § COUNTY OF NUECES § CITY OF CORPUS CHRISTI § This Industrial District Agreement ("Agreement") is made and entered into under the authority of Section 42.044 of the Texas Local Government Code,by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and Basic Equipment Company (a wholly-owned subsidiary of Berry Contracting,Inc.) Land and Improvements Owner,hereinafter collectively called the "COMPANY." The CITY and the COMPANY are hereinafter sometimes referred to individually as a "Party" and collectively as the "Parties." WHEREAS,it is the established policy of the City Council of the City of Corpus Christi,Texas,to adopt reasonable measures permitted by law that 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, the COMPANY is the owner and/or lessee of Land and/or owner of Improvements on land within the Extraterritorial Jurisdiction(ETJ)of the CITY; and WHEREAS,under said policy and the provisions of Section 42.044, Texas Local Government Code, the CITY has enacted Ordinance No. 15898, approved November 26, 1980, as amended, incorporated for all purposes, indicating its willingness to enter into Industrial District Agreements with industries located within its ETJ and designating the specified land areas as Corpus Christi Industrial Development Area No. I and Corpus Christi Industrial Development Area No. 2; and WHEREAS, in order to correct certain boundary issues, Ordinance No. 029958, as amended, reestablished Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2 and renamed such areas "Industrial District No. I and Industrial District No. 2"and Ordinance No. 031797 expanded Industrial District No. 2; and WHEREAS, Ordinance No. 031145 provided for disannexing from the City of Corpus Christi, Texas, an approximately 3.41-acre tract of land owned by Basic Equipment Company and adjusted the boundary of Industrial District No. 1 to include the disannexed tract and authorizing the execution of an Industrial District Agreement with Basic Equipment Company requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tract was in the City limits; and WHEREAS, Ordinance No. 031721, as amended, established Corpus Christi Industrial District No. 4 in Nueces County; and WHEREAS,Ordinance Nos. 031775,031817,and 033161,as amended,established Corpus Christi Industrial District Nos. 5, 6, 7, 8,9, 10, and 11 in the CITY's ETJ in San Patricio County; and WHEREAS, Industrial District Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and I I are collectively referred to as the "Industrial Districts"; and WHEREAS,the CITY desires to encourage the updating, expansion and growth of industries within said Industrial Districts, and for this purpose,desires to enter into this Agreement with the COMPANY; and WHEREAS, the COMPANY desires to minimize its tax burden and avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts. C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 1 WHEREAS,the COMPANY desires to avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts; NOW, THEREFORE, in consideration of the premises, the mutual agreements of the Parties herein contained and under the authority granted under Section 42.044, Texas Local Government Code, and the Ordinances of the CITY referred to above,the CITY and the COMPANY hereby agree as follows: Article 1 Section 1.01 Immunity from Annexation.The CITY covenants and agrees that during the term of this Agreement, and subject to the terms and provisions herein,the Land shall retain its extraterritorial status as an Industrial District, except as otherwise provided in this Agreement. Except as provided otherwise in this Agreement,the CITY further covenants and agrees that the Land shall be immune from annexation during the Term of this Agreement. Section 1.02 Limited to Industrial Use. The COMPANY covenants and agrees that during the Term, the COMPANY will not use or permit the use of the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry". "Industry" as used herein shall mean for the same industrial uses to which the Land, or similarly situated land within the Industrial Districts, is now devoted by the COMPANY or other such parties holding such similarly situated land.Holding the Land and Improvements for future "industry"use, without using same for non-industry purposes, does not violate this Section 1.02. If the COMPANY uses, or permits use of, the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry" as defined above, then the PILOT to be paid by the COMPANY under this Agreement shall be increased to an amount equal to 100%of the amount of ad valorem taxes on Land and Improvements, and personal property sited on the Land, that would otherwise be payable to the CITY by the COMPANY if said Improvements and personal property were situated on land within the CITY limits of the CITY. The increase shall be immediately effective for all payments from the inception of this Agreement, and the COMPANY shall transmit to the CITY within 60 days of being notified by the CITY of the determination of a non- industry use,subject to the notice and opportunity to cure provided for in Section 4.04,an amount equal to said 100% of ad valorem taxes from the inception of this Agreement, less any amounts previously paid by the COMPANY to the CITY under this Agreement,plus penalties and interest as if the amounts were delinquent taxes. The CITY shall be entitled to its reasonable attorneys' fees and other costs in collecting any of these amounts. In addition,the CITY shall have the right, in its sole and absolute discretion: (1) to obtain an injunction from a court of competent jurisdiction,upon the court's determination that the use is not an"industry"use,requiring that the use be permanently discontinued, or (2) to annex the Land covered by this Agreement and until the Land is annexed, the COMPANY shall continue to make payments equal to said 100% of ad valorem taxes on Land and Improvements and personal property. Section 1.03 Annexation Corridor. If any other company within the Extraterritorial Jurisdiction of the CITY fails to enter into an Industrial District Agreement with the CITY or defaults on their in lieu of tax payments, and said defaulting company is not contiguous with the CITY's boundary,the COMPANY shall,after the CITY provides the COMPANY with 60 days prior written notice of intent to initiate annexation proceeding,permit the CITY to annex a suitable strip of land out of the COMPANY's Land from the CITY'S boundary to the defaulting company's land to permit its annexation. In the event the CITY must annex a part of the COMPANY's property in order to annex property owned by third parties,the CITY will annex the absolute minimum amount of the COMPANY's Land legally necessary to annex such property owned by third parties. The location of such annexed Land shall be subject to the approval of the COMPANY which approval shall not be unreasonably withheld. The COMPANY and such annexed Land shall have no right to any CITY services as a result of such annexation;nor shall the CITY extend,by ordinance, any rules,or regulations to such annexed Land,including,but not limited to,those(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 whatsoever control over the conduct of the COMPANY's business thereon. Such annexed portion of Land shall remain a part of this Agreement and shall not be subject to CITY taxes, but such annexed Land and any Improvements thereon shall continue to be included within the in lieu of tax payment. In the event that the need for an annexation corridor no longer exists,including but not limited to the defaulting company entering into an Industrial C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 2 District Agreement, having otherwise met its obligations to the CITY, the CITY agrees to immediately cease any annexation proceedings related to the annexation corridor over the COMPANY's Land, or within 60 days, take the steps necessary to complete deannexation proceedings required to remove from the city limits any unnecessary annexation corridor. If notwithstanding the foregoing provisions of this Section 1.03,any of such annexed portion of Land or any Improvements or other property located thereon is subject to any CITY taxes with respect to any Calendar Year during the Term of this Agreement, the CITY shall (1) exclude such annexed portion of Land and any Improvements and other property located thereon from the calculation of the PILOT due from the COMPANY under Article 3 for such year, and(ii) as an economic development incentive grant under a program authorized by Chapter 380 of the Texas Local Government Code,remit(either as an offset against the amount of payment in lieu of tax owed to the CITY under this Agreement or as a rebate paid to the COMPANY),within 60 days following the CITY's receipt of proof of payment of such CITY taxes,the portion of such CITY taxes that is in excess of the PILOT that would have been required to be paid to the CITY under this Agreement with respect to such annexed portion of Land and any Improvements and other property located thereon had such annexed portion of Land not been annexed. Section 1.04 City Services. During the Term hereof,pursuant to this Agreement,the CITY shall have no obligation to extend to the Land any utility or other CITY services, except for services that are being provided to and paid for by the COMPANY on the date hereof,or as otherwise stated herein. Section 1.05 Fire Protection Services. The CITY may provide fire protection services to the COMPANY at the option of the COMPANY for an additional payment to the CITY as set forth under Section 3.05 hereof. Section 1.06 Compliance with City Rules and Regulations. The CITY and the COMPANY agree that during the Term hereof, with respect to the Land and Improvements and other property located thereon, the CITY shall not require compliance with its rules or regulations: (1) governing zoning and platting of the Land, or any additions thereto, outside the CITY limits and in an Industrial District; provided, however, COMPANY further agrees that it will in no way divide the Land or additions thereto without complying with applicable State law and CITY ordinances governing subdivision of land;(2) excluded from Industry compliance obligations pursuant to Section 1.02 of Exhibit E; or (3) prescribing any rules governing the method of operation of COMPANY's business, except as to those regulations relating to the delivery of utility services and industrial waste disposal through CITY-owned facilities. The COMPANY shall ensure that all of the COMPANY's connections with the CITY water system contain backflow prevention devices and/or air gaps consistent with the technical criteria referenced in Section 55-96 of the City Code as said section exists on the signature date of this Agreement and state law, including any periodic certifications required by the aforementioned provisions of the City Code and state law. Notwithstanding, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer(assembly).After such review and determination, CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method, then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY, CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies.If the CITY does not respond within 60 days of such written COMPANY request,then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.07 Definitions.The following terms have the following meanings: A. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 3 (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986,as amended. B. CAD. The appraisal district(either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the portion of the Land and the Improvements located within the boundaries of such appraisal district. C. Calendar Year.A period of time beginning January 1 and ending December 31 in a numbered year. D. Existing Improvements. Improvements other than New Improvements. E. Extraterritorial Jurisdiction (ETJ). As defined by Chapter 42 of the Texas Local Government Code, as amended. The CITY's existing ETJ includes the unincorporated area that is contiguous to the corporate boundaries of the CITY and that is located within five miles of those boundaries. F. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. G. Industrial District. The industrial districts designated pursuant to Ordinance Nos. 029958, 031721, 031775,031797,031817,033161,or future ordinance of the CITY,are incorporated herein by reference. H. Industrial District Agreement. An agreement made and entered into under the authority of Section 42.044 of the Texas Local Government Code. L Land. All of the land owned, leased or possessed by COMPANY and located within the Industrial Districts. Land, in the context of this Agreement includes all land of the COMPANY located in the Industrial Districts,whether or not it is in included in Exhibit A. J. Market Value.As determined and defined by the applicable CAD. K. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement L. PILOT. Payment in Lieu of Ad Valorem Taxes. M. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). N. Prior Industrial District Agreement. The Industrial District Agreement by and between the CITY and the COMPANY that expired December 31,2024. Article 2 Section 2.01 Term. The term of this Agreement (Term) shall be 15 years from January 1, 2025 to December 31, 2039,unless earlier terminated as herein provided. Section 2.02 New Agreement or Annexation before Expiration of Term. Prior to July 1, 2039,the COMPANY shall enter into a new Industrial District Agreement with the CITY or file a voluntary Petition for Annexation of the Land into the territorial limits of the CITY. The Petition for Annexation pursuant to this section will be in the form attached as Exhibit C. The annexation may become effective at any time after September 1, 2039. Failure of the C:AUsers\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 4 COMPANY to execute and submit a voluntary Petition for Annexation prior to July 1,2039 shall entitle the City to (1)file the Petition for Annexation and Agreement for Provision of Municipal Services attached to this agreement and/or(2) otherwise annex the Land into the territorial limits of the CITY. In the event of annexation due to failure to enter into a new Industrial District Agreement in 2039, the terms of this Agreement other than restrictions on annexation,that can be legally applied after annexation will continue to apply until December 31,2039. Article 3 Section 3.01 Payment in lieu of Ad Valorem Taxes (PILOT).Each year during the Term hereof,the COMPANY shall pay to the CITY: A. Land.An amount in lieu of tax on the Land(excluding Improvements located thereon)equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Land which would otherwise be payable to CITY by COMPANY if the Land were situated within the CITY limits. B. Existing Improvements. An amount in lieu of tax on Existing Improvements located on the Land equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Existing Improvements, which would otherwise be payable to the CITY by the COMPANY if said Existing Improvements were situated on land within the CITY limits.For purposes of this calculation,the Existing Improvements will not include the pollution control improvements that have qualified for exemption from taxation pursuant to Texas Property Tax Code 11.31. C. New Improvements. For the first four Calendar Years after a New Improvement is affixed to the land and Placed in Use,the COMPANY shall pay 100%PILOT for said New Improvement. Personal Property. An amount in lieu of tax on personal property equal to 100%of the amount of ad valorem taxes based upon the Market Value of the personal property which would otherwise be payable to CITY by COMPANY if the personal property were situated on land within the CITY limits. D. With respect to any new land acquired by the COMPANY located within an Industrial District,the new land shall be included in the COMPANY'S land known as the Land, and shall be considered in calculating the in lieu of tax payment on the Land as of January I of the first year following the date which the new land is acquired by the COMPANY. Within 90 days after the acquisition of new land by the COMPANY, the COMPANY shall provide the CITY with a revised Exhibit A that includes a complete listing by the applicable CAD of the Geographic ID number of the newly acquired land and any Improvements thereon and promptly after the CITY's receipt of such revised Exhibit A, the CITY and the COMPANY shall each execute, acknowledge, and deliver to one another a written agreement with respect to such acquired land substantially in the form of Exhibit D attached hereto to evidence that such land is made subject to the terms and provisions of this Agreement. E. With respect to any new land acquired by the COMPANY after January 1, 2025, located within the ETJ of the CITY, but not in an Industrial District,the COMPANY shall report such purchase to the CITY and the CITY shall determine whether an Industrial District Agreement is desired for such newly acquired land. Section 3.02 Company Schedule of Value. On or before August 31st of each year of this Agreement,or upon final determination of Market Values by the applicable CAD,whichever is later,the COMPANY shall provide to the CITY an itemized Schedule of Value by sworn affidavit, on the form attached hereto as Exhibit B, listing all CAD, Geographic ID numbers and the Market Values related thereto,and showing all Land and Improvements and personal property owned or controlled by the COMPANY including and identifying the property to be valued as part of this Agreement (the "Schedule") and each exemption applicable to the calculation of taxation on each item of property (specifying exemptions pursuant to Texas Property Tax Code 11.31). The Schedule shall also list the year any Improvements were Placed in Use. The COMPANY has no objection to the CITY'S review of all forms,information, and documents provided by the COMPANY to the applicable CAD and,in the event of appeal,the Appraisal Review Board. Failure to provide the Schedule to the CITY shall constitute a breach of this Agreement. C:AUsers\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 5 Section 3.03 Determination of Value. Subject to the provisions of Section 3.04, in determining the COMPANY'S annual in lieu of tax payment required under this Agreement,the calculation shall be made utilizing the Market Value of all Land and Improvements and personal property,but not including the Land and/or Improvements and/or personal property that qualify for the exemption for pollution control property as provided in Texas Property Tax Code Section 11.31 as determined by the applicable CAD,or its successor,under provisions of the Texas Property Tax Code. The COMPANY shall timely provide information and reports required under this Agreement and under Texas law,rules and regulations to the applicable CAD or its designee, so that the appraisal process can be completed in accordance with all applicable state laws. Section 3.04 Company Protest of Value or Billing. If the COMPANY elects to protest the valuation set on any of its properties by the CAD for any year or years during the Term hereof, it is agreed that nothing in this Agreement shall preclude the protest, and the COMPANY shall have the right to take all legal steps desired to reduce the same as if the property were located within the CITY. The COMPANY shall notify the CITY of its appeal within 30 days after its protest of the valuation is submitted to the CAD. Notwithstanding any protest of valuation by the COMPANY or any non-CAD related billing dispute,the COMPANY agrees to pay to the CITY an initial estimated PILOT,on or before the Due Date in Section 3.07 below,based on the amount billed by the CITY. Alternate Estimated PILOT.- If the COMPANY files a lawsuit or lawsuits over the value of any of any of its properties on which the PILOT is calculated and chooses to pay an Alternate Estimated PILOT, then on or before November I"of the tax year subject to the lawsuit, the COMPANY shall provide written notice to the CITY identifying each CAD Geographic ID number subject to the lawsuit and the COMPANY's estimate of value and legal basis for each value.This written notice shall be accompanied by the COMPANY's calculation of: (1) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the Market Values determined by the CAD(CAD-determined Market Values for the tax year subject to the lawsuit), and (2) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the market values estimated by the COMPANY(COMPANY-determined market values for the tax year subject to the lawsuit), and (3) the total, cumulative PILOT paid by COMPANY to CITY for the year immediately prior to the tax year subject to the lawsuit. If the total cumulative CAD-determined Market Values for the tax year subject to the lawsuit are more than 20% greater than the total, cumulative CAD-determined Market Values for the immediately prior tax year, then the COMPANY may pay an Alternate Estimated PILOT,based on the greater of: (1) the COMPANY-determined market values for the tax year subject to the lawsuit,or (2) 120%of the total,cumulative PILOT paid by COMPANY to CITY for the tax year immediately prior to the tax year subject to the lawsuit(s). When the valuation on said property or any billing dispute has been finally determined, either as the result of final unappealable judgment of a court of competent jurisdiction or as the result of other final settlement of the controversy, then within 30 days thereafter, if the PILOT due the CITY is established to be an amount more than the PILOT or Alternate Estimated PILOT paid by the COMPANY,then COMPANY shall make to the CITY any additional PILOT due based on the final determination.If,as a result of final unappealable judgment of a court of competent jurisdiction, or as the result of other final settlement of the controversy,the PILOT due to the CITY is established to be an amount less than the amount of the PILOT or Alternate Estimated PILOT for that year paid by the COMPANY,the excess in lieu of tax payment,if any,collected by the CITY shall be returned to COMPANY within 60 days after COMPANY provides notice and a copy of said final determination. The parties may mutually agree to alternative methods of reimbursement,such as a credit to the in lieu of tax payments due the next year.Any non-CAD related billing disputes shall be resolved by the CITY within 90 days from the date notice of the dispute is received by the CITY. Section 3.05 Fire Protection. With respect to each year during the Term of this Agreement, an additional amount for CITY fire protection equal to 15% of the amount of ad valorem taxes based upon 100% of the Market Value of the Improvements located on the Land which would otherwise be payable to the CITY by the COMPANY for such year if said Improvements were situated on land within the CITY limits(Calculation: Market Value of Improvements x 15% x CITY tax rate =Fire Protection Fee) will be paid annually; provided, however, that the COMPANY shall not be obligated to pay the additional amount provided by this Section 3.05 for any year during the Term of this C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 6 Agreement if either (i) as of January I of such year,the COMPANY is a member in good standing of the Refinery Terminal Fire Company, or its successor, or (ii) the COMPANY satisfies the requirements set forth in Section 775.032(a)(1),(2),and(3)of the Texas Health and Safety Code and certifies to the CITY in writing such compliance. Section 3.06 Calculation of Amount Due.The CITY shall mail an invoice to the COMPANY,which sets forth the amount of payment in lieu of tax owed to the CITY calculated in accordance with this Agreement. Such invoice shall be postmarked at least 30 days prior to the Due Date defined in Section 3.07 below,and shall be mailed to the address shown in Section 10.03 of this Agreement.The calculation shall be made with reference to the exemption for pollution control property in Section 11.31, Texas Property Tax Code, and Article VIII, Section 1-1, Texas Constitution, as same presently exist or may be hereafter amended, using the Market Value of pollution control equipment certified by the CAD. In addition, all amounts other than the 11.31 amount referenced above shall be calculated without reference to any new tax exemption or any increase in an existing tax exemption enacted after January 1, 1995. Section 3.07 Payment. The COMPANY agrees to pay to the CITY on or before January 31 of the year following each year during the Term hereof(the "Due Date"),all PILOTS provided for hereunder and invoiced by the CITY in accordance with Section 3.06 above,without discount for early payment,but subject to Section 3.04.Notwithstanding, if the CITY sends a late invoice (after January Ist), then the COMPANY will pay the CITY within 30 days after receipt of the late invoice. This Agreement, and the method of determining and fixing the amount of the PILOTS hereunder, shall be subject to all provisions of law relating to determination of Market Value and taxation,including, but not limited to,laws relating to rendition,assessment,equalization and appeal.Any invoiced amounts that are not paid by the Due Date shall be considered delinquent. Delinquent amounts shall be immediately subject to interest at 12% per annum, compounded monthly and the COMPANY shall reimburse the CITY for its costs of collections, including reasonable attorneys' fees. Section 3.08 Filing of Industrial District Agreement.After execution,the CITY will file this Agreement with the applicable County Clerk, invoice the COMPANY for the filing fee, and provide a file-stamped copy to the COMPANY. COMPANY shall remit payment for such filing fee within 30 days after being invoiced for the cost of such filing. Article 4 Section 4.01 Company Failure to Pay/Company Breach. If the COMPANY fails to make a report or payment due to the CITY hereunder or if the COMPANY fails to perform any other material obligation incumbent upon the COMPANY to be performed hereunder or revokes any provision of this Agreement or attachment hereto,and if such default is not fully corrected within 60 days (or such longer period to the extent required by Section 4.04) after the CITY gives written notice of said default to the COMPANY, the City shall have the option to either(1) accept the COMPANY's Petition for Annexation and Agreement for Provision of Municipal Services and commence annexation proceedings,in accordance with Section 10.07 below,and sue to recover all damages; or(2)continue this Agreement for its Term and collect the payments required hereunder.A failure to perform pursuant to this Agreement will not be considered "material" if such failure to perform does not affect reporting, payment, annexation, or enforceability of any provision of this Agreement. Nonetheless, a COMPANY violation or failure to perform this Agreement,regardless of materiality shall entitle the City to declare this Agreement in default and commence ordinary annexation proceedings. Section 4.02 Lien. The CITY shall be entitled to and have a tax lien on the Land and Improvements and personal property which may,in the event of default in payment of any sum due hereunder that is not cured in accordance with Section 4.04 below,be enforced by CITY in the same manner as provided by law and for the collection of delinquent ad valorem taxes. Additionally, the CITY shall be entitled to and have a contractual lien on the Land and Improvements and personal property which may be foreclosed in the event of such uncured default (1)judicially or (2) extra judicially in the same manner as a deed of trust under the Texas Property Code, and for that purpose may appoint a trustee or trustees. Section 4.03 City Breach. If the CITY breaches this Agreement by annexing or attempting to pass an ordinance annexing any of the Land(except with reference to any annexation provided for herein),the COMPANY shall provide C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 7 written Notice of Default(clearly labeled as such)to the CITY and CCOMPANY shall be entitled to enjoin the CITY from the date of its breach for the balance of the Term of this Agreement from enforcing any annexation ordinance adopted in violation of this Agreement and from taking any further action in violation of this Agreement. If the COMPANY elects to pursue this remedy,then so long as the CITY specifically performs its obligations hereunder, under injunctive order or otherwise, the COMPANY shall continue to make the annual payments required by this Agreement. Section 4.04 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by the COMPANY of any of the terms or conditions of this Agreement,the CITY shall give the COMPANY written Notice of Default (clearly labeled as such) specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the COMPANY will be afforded 60 days within which to cure the alleged default. A default not related to payment that cannot be remedied within 60 days may be subject to a Plan of Cure that will be considered by the CITY if said Plan is requested in writing to the CITY within 30 days after CITY sends the Notice of Default. The City will approve a Plan of Cure that cannot be remedied within 60 days not related to payment if such plan of cure reasonably cures the default in the most expeditious manner possible and does not harm the enforceability of any legal remedies provided in this document and its attachment. Failure of the COMPANY to comply with the Plan of Cure will be considered an additional default of this Agreement. Section 4.05 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.06 No Waiver of Rights and Remedies. It is expressly understood that if at any time the COMPANY is in default in any provision of this Agreement,the failure on the part of the CITY to promptly avail itself of the rights and remedies that the CITY may have,will not be considered a waiver on the part of the CITY; provided that if the CITY within 4 years from the date of any default by the COMPANY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Further, is expressly understood that if at any time the CITY is in default in any provision of this Agreement, the failure on the part of the COMPANY to promptly avail itself of the rights and remedies that the COMPANY may have,will not be considered a waiver on the part of the COMPANY;provided that if the COMPANY within 4 years from the date of any default by the CITY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Section 4.07 Limitation of Liability.To the fullest extent permitted by law,and not withstanding any other provision of this Agreement, in no event will either party be liable to the other party hereunder for punitive, exemplary, or indirect damages, lost profits or business interruptions damages; provided however, this limitation in not meant to limit the CITY'S rights under this Agreement to collect from the COMPANY any unpaid PILOT,late penalties and interest associated therewith, and any costs of collection including but not limited to reasonable attorney fees. Article 5 Section 5.01 Description of Property.The COMPANY agrees to provide the CITY with a listing of Geographic ID numbers, as available from the applicable CAD or its successor, to be attached hereto and incorporated herein as Exhibit A. With respect to COMPANY'S acquisition of new land in the Industrial District, as described in Section 3.01 which becomes included in the Land,COMPANY agrees to provide to CITY a listing of Geographic ID numbers as available from the applicable CAD or its successor. Article 6 Section 6.01 Annexation BY Another Entity.If any attempt to annex any of the Land owned,used,occupied,leased, rented or possessed by COMPANY,is made by another municipality,or if the incorporation of any new municipality should attempt to include within its limits the Land or property, the CITY shall seek a temporary and permanent injunction against the annexation or incorporation,with the cooperation of the COMPANY, and shall take any other C:AUsers\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 8 legal action necessary or advisable under the circumstances.The cost of the legal action shall be borne equally by the Parties;provided,however,the fees of any special legal counsel shall be paid by the Party retaining same. Section 6.02 Termination. If the CITY and the COMPANY are unsuccessful in obtaining a temporary injunction enjoining the attempted annexation or incorporation described in Section 6.01 above,the COMPANY shall have the option of(1)terminating this Agreement,effective as of the date of the annexation or incorporation into the CITY,or (2) continuing to make the PILOTS required hereunder. This option shall be exercised within 30 days after the application for the temporary injunction is denied. If the COMPANY elects to continue the PILOT, the CITY shall place future payments hereunder together with part of the payment for the Calendar Year in which the annexation or incorporation is attempted, prorated to the date the temporary injunction or relief is denied, in a separate interest- bearing escrow account which shall be held by CITY subject to the following: A. If final judgment (after all appellate review, if any, has been exhausted) is entered denying a permanent injunction and/or upholding the annexation or incorporation,or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation, then all of such payments and accrued interest thereon shall be refunded to the COMPANY;or B. If final judgment (after all appellate review, if any, has been exhausted) is entered granting a permanent injunction and/or invalidating the annexation or incorporation, or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation,then all of such payments and accrued interest thereon shall be retained for use by the CITY. Article 7 Section 7.01 Sale or Lease. If the COMPANY sells all or a portion of the Land or Improvements to any entity,then the COMPANY shall within 90 days give notice to the CITY of said sale,and this Agreement shall continue in effect as to all Land and/or Improvements sold.If the COMPANY leases all or a portion of the Land or Improvements to an entity that will be responsible for payment hereunder,the COMPANY shall within 90 days give notice to the CITY of said lease, and this Agreement shall continue in effect as to all Land and/or Improvements leased. Section 7.02 Company's Responsibility for Payment; Assignment. The COMPANY as seller or lessor in a transaction pursuant to Section 7.01 above, shall remain responsible for any PILOT attributable to the Land or Improvements sold or leased unless the COMPANY has entered into an assignment and assumption agreement with the buyer or lessee of such Land or Improvements that the CITY has consented to, in which the buyer or lessee assumes all responsibilities and obligations under this Agreement as to the purchased or leased Land and/or Improvements.The CITY will consent to an assignment and assumption agreement if all payments for PILOT are up- to-date and said agreement provides for execution of documents required by the CITY to ensure the continued enforceability of all obligations of this Agreement in a form satisfactory to the CITY, acting reasonably. If the COMPANY assigns its payment responsibility to a lessee and COMPANY's lessee fails to make any required payments after assuming such responsibility,the COMPANY may,after notice in accordance with Section 4.04,either make the required payments itself or agree to annexation by petition in accordance with Section 10.07 below. Effective the date of transfer of the Land to a new owner, the new owner of the Land will execute a Petition for Annexation and Agreement for Provision of Municipal Services,in substantially the same form as the one attached as Exhibit C,signed by the buyer before the CITY will consent to the assignment. Section 7.03 Covenant Running with the Land. THIS AGREEMENT SHALL BE DEEMED COVENANTS RUNNING WITH THE LAND, AND A MEMORANDUM OF AGREEMENT SHALL BE RECORDED IN THE REAL PROPERTY RECORDS OF NUECES COUNTY, TEXAS AND/OR SAN PATRICIO COUNTY, TEXAS, AS APPLICABLE. THE COMPANY AND THE CITY ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT IS BINDING UPON THE CITY AND THE COMPANY AND THEIR RESPECTIVE SUCCESSORS, EXECUTORS, HEIRS, AND ASSIGNS, AS APPLICABLE, FOR THE TERM OF THIS AGREEMENT AND CONSTITUTES A COVENANT RUNNING WITH THE LAND. ALL SUCCESSIVE FUTURE OWNERS OF THE LAND WILL BE TO THE SAME EXTENT BOUND BY AND WILL HAVE THE C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 9 SAME RIGHT TO INVOKE AND ENFORCE,THE PROVISIONS OF THIS AGREEMENT AS THE ORIGINAL SIGNERS OF THIS AGREEMENT. Article 8 Section 8.01 Inurement. This Agreement shall inure to the benefit of and be binding upon the CITY and the COMPANY, and shall inure to the benefit of and be binding upon the COMPANY'S successors, assigns, Affiliates and subsidiaries, and, subject to Section 7.02, shall remain in force whether the COMPANY sells, assigns,or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the Land, and the agreements herein contained shall be held to be covenants running with the Land for so long as this Agreement or any extension thereof remains in force. The COMPANY agrees to require any Affiliates of COMPANY who desire to have the benefits of this agreement execute such documents as required by the CITY to ensure the enforceability of all provisions of this agreement, including, but not limited to, for all owners of the Land, the attached Petition for Annexation and Agreement for Provision of Municipal Services.Failure of any owner of the Land to execute this agreement and attached Petition for Annexation and Agreement for Provision of Municipal Services will constitute a default. Article 9 Section 9.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area.The COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Section 9.02 Water Procurement.The COMPANY acknowledges that the CITY provides a regional water system that is critical to the well-being and economic growth of the entire area and that it is important for each customer to continue to use the system as its principal source of water. The COMPANY agrees to provide six months written notice of any intent or action to obtain more than ten 10% of its total water needs from any source other than the CITY. This Agreement does not guarantee to the COMPANY the availability of any specified amount or quantity of water, subject to any obligations that that might apply to the CITY pursuant to state law. Article 10 Section 10.01 Severabilitv. In the event any word,phrase,clause, sentence,paragraph, section, article or other part of this Agreement or the application thereof to any person, firm, corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal, invalid or unconstitutional for any reason, then the application, illegality, invalidity or unconstitutionality of the word, phrase, clause, sentence, paragraph, section, article or other part of this 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. Section 10.02 Entire Agreement.This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. The exhibits attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. The language in all parts of this Agreement shall in all cases be construed according to its fair meaning and shall not be strictly construed for or against any party. Section 10.03 Notices.Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates shall be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below, with a prominent identification of the title of this Agreement to which it refers, "INDUSTRIAL DISTRICT AGREEMENT NO.«ID»".Each Party must notify the other Party of any change of address in writing. C:AUsers\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 10 To the CITY: City of Corpus Christi-City Manager 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 With copies to City of Corpus Christi Director of Finance P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3105 City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 If to COMPANY: Mr.Edward A.Martin,Vice-President Basic Equipment Company Corpus Christi,Texas 78469 361-693-2100 With copies to: Basic Equipment Company Mr. Charles A.Vanneman Legal Counsel POBox 4858 Corpus Christi,TX 78469 Section 10.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to any of its conflicts of law principles. This Agreement is to be performed in Nueces County,Texas. Section 10.05 Counterparts.This Agreement may be executed in multiple counterparts,each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 10.06 Authority; Construction.By acceptance of this Agreement and/or benefits conferred hereunder,each parry represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained herein. The headings contained in this Agreement are for reference purposes only,are not to be considered a part hereof,and shall not affect in any way the meaning or interpretation of this Agreement.Unless the context otherwise requires: (i) the word "including" shall mean "including, but not limited to," (ii) words used in the singular shall also denote the plural,and words used in the plural shall also denote the singular,and(iii)references to the terms"Article,""Section," "clause," "Exhibit" and "Schedule" are references to the Articles, Sections, clauses, Exhibits and Schedules of this Agreement unless otherwise specified. Section 10.07 Petition for Annexation. Subject to the provisions of Article 4, COMPANY agrees that failure to timely cure any default in accordance with this Agreement constitutes a petition for annexation of the Land and in furtherance thereof in the event of such a failure,a voluntary Petition for Annexation and Agreement for Provision of Municipal Services executed by all owners of the Land is attached hereto as Exhibit C and may be accepted by the CITY for purposes of annexing the Land in the event that COMPANY fails to timely cure any default in accordance with this Agreement. C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 11 Further, COMPANY agrees that the annexation petition may be accepted by the CITY for purposes of annexing the Property in the event that, during the Term of this Agreement,a bill is approved by the Texas Legislature that will,in the sole but reasonable and continuing opinion of the CITY,result in a prohibition of annexation of all or part of the Land. In addition to the filing of a voluntary Petition for Annexation and Agreement for Provision of Municipal Services pursuant to this section,the City may pursue such other annexation actions related to the Land as appropriate to ensure all owners of the Land are included in any annexation(s). In the event of annexation pursuant to a bill approved by the Texas Legislature, then the annexation will be subject to the City's agreement to execute a 380 Agreement with COMPANY and its relevant Affiliates for the remainder of the term of this Agreement,in the form attached as Exhibit F. In the event of such legislation, the Parties will consider alternative legal arrangements that would preserve the Parties' rights and authority that would not require full annexation. The preceding�paragraph applies to any of the COMPANY's successors,assigns,or Affiliates provided for in Section 8.01,regardless of ownership or other interest in Land subject to this Agreement,including the provisions related to the 380 Agreement. If the Land is annexed,this Agreement will terminate automatically upon payment of the final PILOT payment due under this Agreement. Annexation does not absolve the COMPANY of the requirement to pay any PILOT that accrued prior to the date of annexation under this Agreement,and the CITY may pursue all remedies in law and equity to collect such past due PILOT payments.Nonetheless,no PILOT will be due for any year for which the COMPANY is subject to taxation due to annexation. This Agreement and the attached documents are authorized and enforceable pursuant to Texas Local Government Code § 212.172. The Parties agree that the following disclosure is sufficient for purposes of Section 212.172 (b-1)of the Texas Local Government Code: THE COMPANY IS NOT REQUIRED TO ENTER INTO THIS AGREEMENT AND HAS CHOSEN TO DO SO OF ITS OWN FREE WILL. AT THE TIME OF THIS AGREEMENT, THE CITY HAS THE AUTHORITY TO ANNEX THIS PROPERTY EITHER BY REQUEST OF THE OWNER UNDER SUBCHAPTER C-3 OF TEXAS LOCAL GOVERNMENT CODE CHAPTER 43 OR WITHOUT THE REQUEST OF THE OWNERS UNDER SECTION 43.0116 OF THE TEXAS LOCAL GOVERNMENT CODE.THIS AGREEMENT OFFERS COMPANY PROTECTION FROM ANNEXATION UNDER SECTION 43.0116. IN EXCHANGE FOR THAT IMMUNITY, THE COMPANY REQUESTS ANNEXATION THROUGH PETITION IF COMPANY FAILS TO COMPLY WITH THE REQUIREMENTS OF THIS AGREEMENT. IN THE EVENT THAT COMPANY TRIGGERS ANNEXATION UNDER THIS SECTION 10.07, THE CITY WILL ACCEPT THE ANNEXATION PETITION AND PRESENT AN ANNEXATION ORDINANCE TO CITY COUNCIL FOR APPROVAL FOLLOWING A PUBLIC HEARING. NO FURTHER CONSENT OF THE LANDOWNER IS REQUIRED FOR ANNEXATION BY PETITION. THE CITY WAIVES IMMUNITY FROM SUIT ONLY FOR PURPOSES OF CHALLENGING AN ANNEXATION,ADMINISTERING PILOT PAYMENTS AND REFUNDS OR PURSUING REMEDIES UNDER ARTICLE 4. Section 10.08 Effect of Future Laws. To the extent allowed by the Constitution and laws of the State of Texas, no subsequent change in the law regarding annexation shall affect the enforceability of this Agreement or the CITY's ability to annex the Land covered herein pursuant to the terms of this Agreement. fa-ver-able to the la-ndev�%ef4fflfl ifl-this AgFeement, C;044AA4,A� and its sueeesser-s and assigns shall nel have the right to either- teFmina4e this Agfeemeal or- amend this Agr-eeffient �o eentain the more ftwer-able in liett of twE Seetion 10.091%4ost Favored Nations,. if CITY enters inle a new lndusti4a4 Pistr-iet Agr-eement,or-a wnewa4 of any C:AUsersAufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 12 Exhibits: Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Exhibit B Form of Sworn Schedule of Values Exhibit C Petition for Annexation &Agreement for Provision of Municipal Services —to be executed at time of signatures to Agreement by all Land owners Exhibit D Form of Property Supplement Exhibit E Standard Industrial District Annexation 380 Agreement CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCa 141 ACC9CAC(PBCL(v 141 ACC9C.docx 13 EXECUTED this day of 2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: «LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «LO_Signatory_Title» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 14 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Name: Title: 40 Signatory_Title» Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: <L Signatory» Naine: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by«L_Signatory», as the «L_Signatory_Title>>of«L Name>>,a«L_Entity_State» «L_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 15 Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Depictions of Land subject to this Agreement Nueces County Appraisal District Exhibit A Industrial District Agreement#7B Geographic IDs and Legal Descriptions Basic Equipment Company ���M M��Legal Descriptions 3695-0003-0010 78 Outside land INTERSTATE INDL COMPLEX LT 1 BK 3 C:AUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\@BCL@I41ACC9CAtil CL@I41ACC9C.docx 16 Exhibit B Form of Sworn Schedule of Values for Industrial District Agreement No. As of 1/1/ Due 8/31/ COMPANY NAME: Contact Name: Telephone: Address: Geographic Description Earliest Date that CAD Market Did CAD declare COMPANY Prior year Did CAD declare ID# Property was first Value property exempt valuation in CAD prior year property placed in use or from taxation lawsuit filed Market exempt from affixed to the Land pursuant to Texas by value taxation pursuant to if Property is an Property Code COMPANY Texas Property Iniprovement 11.317 Code 11.31 Total I a duly authorized official of the above COMPANY, do swear that the inforination provided is accurate and within my knowledge. Signature Date Name & Title of Authorized Official Sworn to and subscribed before me by on this day of (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 17 Exhibit C Petition for Annexation To: The City Council of The City of Corpus Christi,Texas: The undersigned Landowner(s)of the hereinafter described tract of Land,which is without residents,request the City Council of the City of Corpus Christi,Texas,to extend the present city limits of the City of Corpus Christi,Texas,to include as part of the City of Corpus Christi, Texas, the territory described in Exhibit A of the Industrial District Agreement to which this document is attached,and the document description herein is considered incorporated herein. We certify that this Land is not appraised for ad valorem tax purposes as land for agricultural or wildlife management use under Texas Tax Code, Chapter 23, Subchapters C or D, as they may be amended or as timber land under Subchapter E of that chapter as it may be amended. Attached hereto is the Agreement for Provision of Municipal Services, fully executed by all of the undersigned Landowner(s). This Petition for Annexation of the above-described tract of land is intended to be signed and duly acknowledged by each and every owner of said Land. LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory», as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 18 Exhibit C Agreement for Provision of Municipal Services This Agreement for Provision of Municipal Services ("Service Agreement") pursuant to Texas Local Government Code §43.0672, as amended is entered into by and between the City of Corpus Christi ("CITY"'), and ("Landowner"). WHEREAS, the Landowner has requested that the City consider annexation of the territory described in Exhibit A of the Industrial District Agreement to which this document is attached situated in County,Texas,which is hereinafter described as the "Land"; WHEREAS, the CITY intends to institute annexation proceedings for the Land, and Texas Local Government Code §43.0672 requires a written agreement for the provision of services in the area first be entered into between the City and Landowner of the Subject Property prior to annexation; WHEREAS,the City Council of the City of Corpus Christi,Texas,finds and determines that: • this Agreement will not provide any fewer services or a lower level of services in the annexation area than were in existence in the annexation area at the time immediately preceding the annexation process, and • this Agreement for Provision of Municipal Services will provide the Land with a level of service, infrastructure, and infrastructure maintenance that is comparable to the level of service, infrastructure, and infrastructure maintenance available in other parts of the municipality with topography, land use, and population density similar to those reasonably contemplated or projected in the area; and • all statutory requirements for annexation have been satisfied and the CITY is authorized by Texas Local Government Code Chapter 43 to annex the Land into the CITY. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the CITY and the Landowner(s) agree as follows: Section 1.Recitals.The Parties hereto acknowledge and agree that the foregoing recitals are hereby found to be true and correct and are hereby adopted by the Parties and made a part hereof for all purposes. Section 2.Services to be Provided.The following service list represents the provision of services agreed to between the landowner of the Property and the City establishing a program under which the City will provide municipal services to the Subject Property as required by Texas Local Government Code §43.0672,which will be provided at a level consistent with services levels provided to other similarly situated areas within the City. • Police Protection: The Corpus Christi Police Department will provide police protection at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Fire Protection: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable) attached to the Industrial District Agreement to which this document is attached, the Corpus Christi Fire Department will provide fire protection and suppression at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use,and population density. • Emergency Medical Service: The Corpus Christi Fire Department will provide emergency medical services at the same level of service now being provided to other areas of the City of Corpus Christi,Texas, with similar topography,land use, and population density. C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 19 • Solid Waste Collection: Solid waste collection and services will be provided at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Operation and Maintenance of Water and Wastewater Facilities that are not Within the Service Area of Another Water or Wastewater Utility: Water and wastewater service will continue to be provided in accordance with the Corpus Christi Code of Ordinances,Corpus Christi Unified Development Code,Utility Department Policies, and engineering standards at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density, provided the service is not currently served by another utility through existing facilities located within or adjacent to the area. Water or wastewater facilities owned or maintained by the CITY at the time of the proposed annexation shall continue to be maintained by the CITY. Water or wastewater facilities that may be the property of another municipality or other entity shall not be maintained by the City of Corpus Christi unless the facilities are dedicated to and accepted by the City of Corpus Christi.The current water line mains at their existing locations shall be available for point of use extension based upon the current City's standard water extension policies now existing or as may be amended. On-site sewage facilities will be allowed contingent upon the property owner meeting all city, county, state and federal requirements. • Operation and Maintenance of Roads and Streets, including Street Lighting: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable)attached to the Industrial District Agreement to which this document is attached,The City will maintain public streets, including road and street lighting, within the annexed area at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density. Any and all lighting of roads, streets, and alleyways that may be positioned in a right- of-way, roadway, or utility company easement shall be maintained by the applicable utility company servicing the City of Corpus Christi,Texas,pursuant to the rules,regulations, and fees of the utility. • Operation and Maintenance of Parks,Playgrounds and Swimming Pools: Currently,there are no public recreational facilities in the annexation area,including parks,playgrounds,or swimming pools. • Operation and Maintenance of any other Publicly-Owned Facility,Building, or Service: Currently,no other publicly owned facilities, buildings, or services are identified in the annexation area. If the City acquires any such facilities,buildings,or services within the annexation area,an appropriate City department will provide maintenance services. Section 3. Schedule of Services.In accordance with Texas Local Government Code § 43.0672(c),no other services are contemplated by this Service Agreement and a schedule for future services as contemplated by Texas Local Government Code § 43.0672(b)is not applicable as all services identified herein will be provided upon the effective date of annexation. Section 4.Level of Service.Nothing in this Service Agreement shall require the City to provide a uniform level of full municipal services to each area of the City,including the annexed areas,if different characteristics of topography, land use,and population density are considered a sufficient basis for providing different levels of service. Section 5.Term.The term of this Service Agreement is 10 years from the date the annexation is effective. Section 6. Vested Rights Claims. This Service Agreement is not a permit for the purposes of Texas Local Government Code Chapter 245. Section 7.Legal Construction.No subsequent change in the law regarding annexation shall affect the enforceability of this Service Agreement. If any provision in this Service Agreement is for any reason found to be unenforceable, to the extent the unenforceability does not destroy the basis of the bargain among the parties, the unenforceable provision will not affect any other provision hereof, and this Service Agreement will be construed as if the C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 20 unenforceable provision had never been a part of the Agreement. Whenever the context requires, the singular will include the plural and neuter include the masculine or feminine gender,and vice versa. Section 8. Venue and Applicable Law. Sole venue for this Service Agreement shall be in Nueces County, Texas. This Service Agreement shall be construed under and in accordance with the laws of the State of Texas. Section 9.Authority.This Service Agreement binds and inures to the benefit of the CITY,LANDOWNER,and their successors and assigns.Each party further warrants that each signatory to this Service Agreement is legally authorized to bind the respective individual or entity for the purpose established herein. EXECUTED,this the day of ,2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024, by Assistant City Manager of the City of Corpus Christi, a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: <<LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «LO_Signatory_Title» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 21 Exhibit D Form of Property Supplement to Industrial District Agreement No. This Supplement to Industrial District Agreement No. (this "Supplement") between CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY,"and«LO Name», a«LO Entity_State» «LO_Entity_Type», Landowner,«IO_Name»,a«IO_Entity_State» «IO Entity_Type»,Improvements Owner,and«L Name»,a«L Entity_State»«L Entity_Type»Lessee,hereinafter collectively called the "COMPANY," is executed on the dates of execution of this Supplement as set forth immediately above the respective signatures of the CITY and the COMPANY below, but this Supplement shall be effective on the date on which the land described in the attached Description of Additional Land attached hereto was acquired by the COMPANY (the Supplement Effective Date"). WHEREAS,reference is hereby made to Industrial District Agreement No. (the same,as heretofore amended and as heretofore supplemented,is herein called the"Industrial District Agreement")entered into on 2024,by and between the COMPANY and the CITY; and WHEREAS,the COMPANY has acquired the land described by the applicable CAD Geographic ID number in the Description of Additional Land attached hereto which is located within an Industrial District,and,the COMPANY has provided the CITY with a revised Exhibit A- Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement to the Industrial District Agreement that includes a complete listing by CAD Geographic ID number of such acquired land and any Improvements thereon. WHEREAS, in furtherance thereof, and as provided for in the Industrial District Agreement, the CITY and the COMPANY desire to execute and deliver this Supplement to evidence that such acquired land is made subject to the terms and provisions of the Industrial District Agreement. NOW,THEREFORE,for and in consideration of the covenants and agreements contained herein and in the Industrial District Agreement,the CITY and the COMPANY hereby agree that the land described on the attached Description of Additional Land is hereby designated to be and constitutes additional Land for purposes of the Industrial District Agreement No. and all of its exhibits effective as of the Supplement Effective Date. Each party hereto represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Supplement and all of the exhibits to the Industrial District Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained in all of those documents. ENTERED into this day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation, on behalf of said corporation. C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 22 (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: «LO Signatory)) Name: Name Title: «LO_Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 ,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name»,a«LO_Entity_State»«LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,20 . (seal) Notary Public IMPROVEMENTS OWNER ATTEST «IO_Name» By: Name: Name: JO_Signatory» Title: Title: «IO_Signatory_Title» IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 by «IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 20. (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 23 Exhibit E Standard Industrial District Annexation 380 Agreement This Agreement ("Agreement") is made and entered into as of , (the "Effective Date"), by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and <<LO Name», a <<LO Entity_State» <<LO Entity_Type», Landowner,«IO_Name», a «IO_Entity_State» «IO Entity_Type», Improvements Owner, and <<L Name», a<<L Entity_State» <<L Entity_Type» Lessee,hereinafter collectively called the "COMPANY."pursuant to Chapter 380 of the Texas Local Government Code. WHEREAS,the COMPANY or an Affiliate thereof desires to voluntarily be annexed into the CITY limits of Corpus Christi and agreed to this voluntary annexation as a condition of entry into an industrial district agreement with CITY; and WHEREAS, the CITY has established a program in accordance with Article III, Section 52- a of the Texas Constitution and Chapter 380 of the Texas Local Government Code ("Chapter 380") under which the CITY has the authority to make loans or grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the CITY; and WHEREAS, the CITY has concluded and hereby finds that this Agreement promotes economic development in the CITY of Corpus Christi and, as such, meets the requirements under Chapter 380 and the CITY's established economic development program, and, further, is in the best interests of the CITY and COMPANY; and WHEREAS, the CITY recognizes the positive economic impact that the COMPANY's investment in COMPANY's industrial facility will bring to the CITY through development and diversification of the economy, reduction of unemployment and underemployment through the retention of existing jobs and the production of new jobs, and the attraction of new businesses; and as described in this Agreement; and WHEREAS, consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, CITY and the COMPANY as contemplated in this Agreement agree to work together to cause the public purposes of developing and diversifying the economy of the state, reducing unemployment or underemployment in the state, and developing or expanding transportation or commerce in the state; and WHEREAS, to ensure that the benefits the CITY provides under this Agreement are utilized in a manner consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, the COMPANY has agreed to comply with certain conditions for receiving those benefits, and WHEREAS, the CITY and the COMPANY desire to enter into this Agreement for their mutual benefit; NOW, THEREFORE, for and in consideration of the foregoing recitals and of the mutual promises, obligations, covenants and benefits herein contained,CITY and the COMPANY contract and agree as follows: Article 1. General Terms Section 1.01 Definitions. The following terms have the following meanings: a. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 24 b. Appeal Rebate Date. Ninety days after the termination of the COMPANY's rights to appeal the value of an appealed CAD Geographic ID via lawsuit, protest, appeal or other legal proceeding and the COMPANY's notification thereof to the CITY. c. Business Personal Property. Taxable tangible personal property, including inventories, located on the Land. d. CAD. The county appraisal district (either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the Land and Improvements located within the boundaries of such appraisal district. e. Calendar Year. A period of time beginning January I and ending December 31 in a numbered year. f. Existing Improvements. Improvements other than New Improvements. g. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. h. Land. "Land" shall mean the land owned by the COMPANY or its Affiliate described in Exhibit A attached to the Industrial District Agreement to which this document is attached. i. Market Value.As determined and defined by the applicable CAD. j. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement. k. Non-Appeal Rebate Date.April I following the relevant tax year or 60 days following the COMPANY's payment of ad valorem taxes for an unappealed CAD Geographic ID,whichever is later 1. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). m. D »Ρer-�., The iris,-,.yemea�s and personal r ei4y as dese,-ibe her-eill. Section 1.02 Continuation of Land Use Under Sec. 43.002 Local Govt Code; Industrial Use of Land may continue; Exclusions from City Code Regulatory and Permit Requirements that may limit Industrial Use: a. CITY and COMPANY agree that Sec. 43.002,Tex. Loc. Govt. Code ("Sec. 43.002)provides that CITY may not prohibit COMPANY from continuing to use land in the manner in which the land was being used on the date the annexation proceedings were instituted. Subject to rights existing under Sec. 43.002, COMPANY and CITY mutually stipulate that the Land annexed into the City was being used at the time of annexation for uses that fall within the Heavy Industrial(IH) zoning district under the Corpus Christi City Code. CITY will, after a COMPANY request that cites this provision, promptly initiate and pursue a zoning case for the Land,without zoning fees being assessed to COMPANY,to be zoned IH(or such other zoning district that permits COMPANY's industrial activities),without the need for any additional CITY permits. b. CITY and COMPANY stipulate that, as a matter of law, Sec.43.002 guarantees to COMPANY the right to use the Land for Heavy Industrial Uses and other uses that might be authorized within the IH zone without the necessity for additional licenses,certificates,permits,approvals,or other forms of authorization,including C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 25 but not limited to Conditional Use Permits or Special Use Permits To the extent that any court, board, commission, or other entity proposes or requests any permits or other authorizations be required as a result of annexation into the City limits,the CITY agrees to support, and if requested,request the issuance of such permits or other authorizations. c. CITY stipulates that,during the term of this Agreement and as a provision of this Agreement, the entirety of the Land will be treated as"IH"(Heavy Industrial)or equivalent zoning district for purposes of Corpus Christi City Code Section 14-231, including that Section's exemption of IH-zoned Land from the requirements of the necessity of obtaining building permits and compliance with the Technical Construction Codes of the CITY. d. Corpus Christi City Code Section 14-231 currently provides as follows, which terms the Parties agree and stipulate shall be applicable to new construction on the Land except as otherwise provided in this Section 1.02: Section 105.1.4 Building Permit Exemptions: (a)Definitions. For the purposes of this section: State or Federal Facility means a facility owned or managed by the State of Texas or the federal government. Industrial Facility means a facility used to manufacture, compound, package, process, refine, sort, test,and treat raw materials and other processed materials into finished or intermediate products and to store equipment or materials used by that industrial facility. Agricultural Facility means any structure on a tract of land larger than 10 acres used exclusively in connection with ranching or agricultural use, excluding structures used for residential, commercial, or industrial purposes. (b)Exemption.A State or Federal Facility,Industrial Facility,or Agricultural Facility may claim an exemption from the City's requirement for technical construction code permits if all connections between the aforesaid facility and the city water system are equipped with a backflow prevention device or air gap. (c)An Industrial Facility can only claim the technical construction code permit exemption if. Lthe facility or industrial processing unit is inaccessible to the general public; 2.the facility or unit is zoned IH or occupies a site of 20 or more contiguous acres; 3.the facility or structure is not within 150 feet from the I-37 right-of-way; and 4.the construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit is under a licensed professional engineer's observation and direct supervision. The licensed professional engineer will certify that all improvements meet the intent or spirit of the City's technical construction codes and life safety criteria for the occupancy as outlined in Chapter 14 of the Corpus Christi Code. (d) The building official and/or Corpus Christi Water representative has the right to inspect any installations connected to the city water system to the point of the valves or safety devices to ensure the connection to a backflow prevention device or air gap. (e) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that does not have the required technical construction code permits and does not install backflow prevention devices or air gaps at all connections to the city water system authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. (f) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that fails to test or timely provide test results or maintain the required backflow prevention device in good operating condition authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. e. Prior to annexation,none of the Land was subject to CITY ordinances;therefore,it is the intent of the Parties that no part of the Corpus Christi Code of Ordinances shall have the effect of disrupting the industrial operations of COMPANY.Accordingly,the following provisions of the Corpus Christi City Code and other rules and policies of CITY will not apply to the Land: C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 26 (1)Any provision of Chapter 13 or 14 of the City Code requiring notifications to CITY or permits to be issued by CITY,other than: (a) Section 105.1.4 of Section 14-231 of the City Code,except as modified in this section,and (b) Article V (Flood Hazard Prevention Code) of Chapter 14 of the City Code, as amended and/or renumbered. (2) Any ordinances,rules,policies, or other regulatory provisions of CITY addressing a field or area of regulation occupied by a provision of the following codes adopted by the State of Texas: Agricultural Code,Finance Code,Insurance Code,Labor Code,Natural Resources Code, and Occupations Code. (3) The provision of Section 105.1.4(c)(3), set out above, regarding a minimum distance from the I-37 right-of-way may be modified administratively for good cause upon application to the CITY Director of Development Services(or the successor to that position.) (4) The provision of Section 105.1.4(c)(4), set out above, regarding certification by a licensed professional engineer shall not be applicable to construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit provided that COMPANY represents in writing to the CITY Director of Development Services(or the successor to that position)that COMPANY conducts its operations in accordance with currently applicable industry standards and codes. This provision does not require COMPANY to make any written representation to CITY about its maintenance and operations(such as assembly,disassembly,modification,or alteration)that would not otherwise fall within CITY technical construction codes. (5) The provisions of Sec. 105.1.4 (d), (e) and (f) are modified to provide that, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability,effectiveness,and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer (assembly).After such review and determination,CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method,then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY,CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies. If the CITY does not respond within 60 days of such written COMPANY request, then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.03 Annexation and City Services. During the term hereof, pursuant to this Agreement, the CITY shall have no obligation to extend to the Land any utilities or other CITY services, except for services that are being provided to and paid for by the COMPANY on the Effective Date, or as otherwise stated herein. The COMPANY agrees and stipulates that the annexation is valid,and the COMPANY has no right to challenge the annexation of the Land by the CITY. 2. Term Section 2.01 Term.This Agreement shall be effective upon annexation of the Land and continue until December 31, 2039,unless terminated as herein provided or extended for additional period or periods of time upon mutual consent of the COMPANY and the CITY as provided by the Local Government Code. If this agreement becomes effective C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 27 after December 31, 2034, then the CITY will consider extending the termination date of this agreement for a period of up to 5 years. 3. Chapter-380 Rebates of City Ad A'alor-em Taxes Paid hy Compan 3. Left blank Seetion 3.01 Rebate of Ad Valer-em Taxes. Eaeh�eaf dw4tig the teff+i hefeef-,the CITY shall r-ebate a pei4ieti of ad CITY in the fellowifig afflotffits: a. The "Reimbtffsable Twi Ametmt" is the ad valor-em twies paid by the GOMPAN); to the aeeetffit of the finally weeived ffem GOMPANY en Existing improvements owned by GOMPANY on the finally r-eeeived fFem GOMPANY on New improvements &A,ned by GOMPANY on the Land. finally r-eeeived fFam GOMPANY on Business Personal Property owned by GOMPANY on .>aaaa lma+id. fitads and held for- the beaefit of the GOMPANY and GITY for- the pttr-pese of paying the GITY COMPANY,A NY hefeiiiaiter laiewii as+he "ReHibttfseffieii�Aeee b� the Nati Appeal Rebate Pate fellewiiig GOMPANY's eei4ifiea+ieii ef stteh iie appeal stattis fef la the event of an appeal, the GITY will r-ebate the r-eimbttr-sable twies to the GOMPANY by the Appeal Rebate Date. in the Reimbttr-semeat Aeeettat may be ttsed to pay wiy debts of GOMPANY owed to CITY as a r-esttk of defattit of any obligations owed by GOMPANY to CITY, and setoff is attthor-ized for-that The GITY will be the owner- of the Reimbttr-semeat Aeeettat and inter-est paid on the CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCa 141 ACC9CAC(PBCL(v 141 ACC9C.docx 28 ■ • ♦ ♦ Y. ♦ I W,11111111 ♦11 11011111"0'.M. ■ ■ • i wail-a ■ • 1 • i ♦ ■ •, Nil • i I'm SIM WIN •�� Article 4.Default and Cessation of Operations Section 4.01 Default by CITY. If the CITY does not perform its obligations hereunder in substantial compliance with this Agreement and, if such default remains uncured for a period of 60 days after notice thereof shall have been given, in addition to the other rights under the law or given the COMPANY under this Agreement,the COMPANY may enforce specific performance of this Agreement and seek an injunction or writ of mandamus to perform obligations under this Agreement. Section 4.02 Default by COMPANY. If the COMPANY does not perform its obligations hereunder in substantial compliance with this Agreement, and, if such default remains uncured for a period of 60 days after notice thereof shall have been given or such longer period as is reasonably necessary to cure default if such default cannot be cured within 60 days not withstanding COMPANY's reasonable efforts to effectuate a cure, the CITY may terminate this Agreement and CITY's obligation to pay any funds to COMPANY under this Agreement will terminate. Section 4.03 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by either party of any of the terms or conditions of this Agreement,the non-defaulting party shall give the other party written notice specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the allegedly defaulting party will be afforded 60 days within which to cure the alleged default. Section 4.04 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.05 Limitation of Liability.In no event will either party be liable to the other party hereunder for punitive, exemplary,or indirect damages,lost profits or business interruptions damages. Article 5.Description of Applicable Property Section 5.01 Description of Property. The COMPANY agrees to provide the CITY with an updated listing of Geographic ID numbers,as available from the applicable CAD,for property located on the Land,to be attached hereto and incorporated into the description of the Land on Exhibit A of the Industrial District Agreement to which this document is attached and supplements thereto,to the extent such Land has been annexed into the territorial limits of the City. rebates of ad valer-efn twies paid to the CITY. Article 6.Transfer of Land or Property to another Entity,Adding or Removing Affiliates,and Remitting Taxes Section 6.01 Sale or Lease. If the COMPANY sells or leases all or a portion of the Land or Improvements to any entity,the COMPANY shall within 90 days give notice to the CITY of said sale or lease. Section 6.02 Assignment. This Agreement may be assigned by the COMPANY to a new owner of Land only with the prior,written approval of the CITY. The CITY may choose to permit assignment and/or require the COMPANY to execute a new 380 agreement with the CITY. If the COMPANY and proposed Assignee are in compliance with all obligations to the CITY,then the CITY will not unreasonably withhold permission for assignment or execution of a new 380 agreement. The mere right to payment pursuant to this agreement may not be assigned. Section 6.03 No Third-Party Beneficiaries,Setoff.Except as specifically assigned with permission of the CITY,no entity other than CITY or COMPANY shall have any right in this agreement or funds due pursuant to this Agreement. Further,the purpose of this agreement is to incentivize the continued operation and expansion of COMPANY. If the COMPANY fails to make payments of taxes or other amounts to the City, then amounts in the Reimbursement C:AUsers\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 30 Account may be transferred to the CITY in satisfaction of any debts to the CITY.In the event that COMPANY ceases to do business on the Land, becomes insolvent or otherwise ceases to pay creditors as its debts becomes due, then amounts in the Reimbursement Account will inure to the CITY.Amounts in the Reimbursement Account will not be assignable, and creditors of COMPANY shall have no claim to any amounts in the Reimbursement Account or amounts otherwise owed or payable by CITY to COMPANY. Section 6.04 Adding Affiliates to Agreement.Affiliates who own property in the area of the Land may be added or removed for purposes of this Agreement . Any Affiliates added will need to agree to be governed by the terms of this agreement.The parties to this Agreement intend to prepare standardized forms to enable Affiliates to be added or removed efficiently. Article 7. Procurement Section 7.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area. COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Article 8.Miscellaneous Provisions Section 8.01 Severability.In the event any word,phrase,clause, sentence,paragraph,section,article or other part of this Agreement or the application thereof to any person,firm,corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal,invalid or unconstitutional for any reason,then the application,invalidity or unconstitutionality of the word,phrase,clause,sentence,paragraph,section,article or other part of this 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. Section 8.02 Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. Section 8.03 Notices. Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates may be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below.The COMPANY must notify the CITY of any change of address in writing.Notices by a party to the other party hereto,shall be mailed or delivered as follows: If to CITY: City Manager City of Corpus Christi 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 Fax:361-826-3845 With copies to: City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 Fax: 361-826-3239 If to COMPANY: «LO Name» C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 31 «LO Notice Address» «LO_Notice_City» Phone: «LO Notice Phone» Fax: «LO Notice Fax» With copies to: «IO Name» «IO Notice Address» «IO Notice_City>> Phone: «IO Notice Phone» Fax: «IO Notice Fax» and «L Name», «L Notice Address» «L Notice_City>> Phone: «L Notice Phone» Section 8.04 Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and the sole legal venue for construction of this agreement will be in a court in Nueces County,Texas. Section 8.05 Counterparts. This Agreement may be executed in multiple counterparts, each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 8.06 Authority.By acceptance of this Agreement and/or benefits conferred hereunder,each party represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms, covenants and conditions contained herein. The CITY waives immunity from suit pursuant to this Agreement only for the purpose of administering payments due to COMPANY pursuant to Articles 3 or 4 of this Agreement. Article 9. Chapter-380 Rebates of City Sal., Use Taxes Paid b f`....,p anj7, Left blank. Seetion 9.01 Rebate of City Sales/Use Taxes. Eaeh year-dw4ag �he tefm her-eef,� 4ie CITY shall wbale a pet4ion E) maintenanee,or-for-any other-use 4iat is limited by state law. b. For- eaek ealeiidaf yeaf sttbjeel to this Seetieti 9.01, the CITY will er-ea4e a "Reimbtir-sement Sales,'Use Tax Aeeettal" to be segr-ega4ed fFefn other- CITY funds and held for-the benefit of the COMPANY a-Rd CITY for- the piir-pese E)f paying the r-eba4e of the Reimbiir-sable Sales/Use Tax Afnetmt 1E) the C:AUsers\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 32 aeeettat, hefoina4efknow as the "Reimbufsemeat Sales/Use Aeee off-set any debts of COMPANY owed to CITY as a festtit of defattit of any obli COMPANY to CITY ttodef this Agfeement. Any intefest aeef+tiflg On �hipe -R-e-imbia-r-sefReat Sales/ fl. The CITY will be the owfief of the Reimbttfsemefit Sales/Use TwE Aeeottat and ifitefest paid on the COMPANY shall tefmiaa+e the COMPANY's fights, if any, to the Afads in the Reimbttfsement to tlzrre CITY, of Payment of sale ispe *_ccires-Aen tccr kable tfansaetions on the Land. a paid by the COMPANY femitted to the CITY pttfstta-at to Texas TwE Gode 3-21.101 that afe feba4able ttfide this A, nt Section 9.02 Company Sehedule of Value. On of befefe Febf+tafy -28 fellowing eaeh ealeadaf yeaf of this Agfeement, the COMPANY shall pfevide to the CITY a Swom Sekedttle of Sales,LUse Tax Paid by COMPANY fef Company. This Sehedttle shall doettffietit the salesAttse ta�E -paid by COMPANY off all t&Eable t+aiisaetiotis eti the aeeetmts sttbjeet to this Agfeeffiefft, whethef paid by COMPANY of a+i Affilia4e. The COMPANY hefe eensetits to the !'',)wpt- lle Seetion 9.03 Caletilation of Amount Due.Alithiff 30 days af4ef feEtttest by the COMPANY, fellowiiig GOMPAN3�'s pfe,vide a r-epeA to the COMPANY identifying t4e felevatit aeeottat a+id speeif�iag the amotttit then held in the Section 9.04 Audits. SalesAHse twk is attdited per-iodieally by the Comptfoller, The attdit period is of4en mttitiple years liabilitt4he feifflbtff-SefRefIt fFOM CITY to COMPANY tmder-this Agreement will be handled in the same CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCa 141 ACC9CAC(PBCL(v 141 ACC9C.doex 33 QTY. Within 90 days of weeipt of a sa4es/use twi refund, the GOMAA4A� must pr-e:vide to QTY a to CITY. IN WITNESS WHEREOF,the Parties hereto have caused this instrument to be duly executed as of the day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 34 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Naine: Title: <d0 Signatory_Title>> Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «IO_Signatory>>,as the «IO_Signatory_Title>>of«IO Name>>,a«IO_Entity_State>> «IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D.,2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: <L Signatory» Name: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «L_Signatory»,as the «L_Signatory_Title>>of«L Name>>,a«L Entity_State» «L Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:AUsers\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@141ACC9CA BCL@141ACC9C.docx 35 Exhibit to 380 Agr-eemen4 Cie Case assumptions F*yMeHtsiRefu DepositsiRebates G� G� No Appeal- COMPANY NY tifnel. pays inn twE payment e $25 cn into RA,then rebated by e COMPANY tifitimely pa-ys and 0 $115 twE Payment e Q5.50 into RA, then r-eba4ed by Reba4e -c coi Appeal Filed _ lti ti l $l nn itite RA Appeal ettts vaitte by 0 n $cn released to CITY COMPANY n NY timely p s fill bill e $inn initial ..�payment e 7v t;.,1 $25 cn into RA Appeal l eats.mite by 50 e Post Appeal: $cn r-efttfid a Post Appeal: $l- 7c eba4e,a I- ri. Reba4e by QT-)Lr-emaining Q t 7 '7c released to CITY _ loit .,1 $l nn iffte RA _ I ff ti l $l 00 iffte R e GOMPAN3� tiffiely p&ys. additional twE pat,fnetit md POO rebated by Appeal Reba4e additional bill Date- _ Reb a 100 _ hii6..l $l nn iffte RA GOMPAN)L ttti6ffiely pays. additional twE paymeat md WOO rebated by Appeal Reba4-e- additional bill and inetifs Cnran n rTY ti-mely p s f„ll l.;ll e $inn initial ..�p r. e Tv t;.,1 $25 cn into RA • VaItte ; s 100 e Post Appeal: $inn e Post Appeal: $25 cn added to RA • COMPANY timely pa-ys add4iotial t&i pa-yffiefft a+id $51 febated by Appeal Rebate _ Preb , 2 c c o i _ I-ait l $cn into RA e Post Appeali-tie Appeal ettts vaitte by o rt4e f t a RA by Appeal l Reba4e Da4ee _ n )a e 1004 CAUsers\ufc-prodAppDataALocal\Temp\BCL Teclmolo-aies\easyPDF S\a BCL�A141AMCA a BCL a 141ACC9C.docx 36 initial e l- 7 G rote RA e Post Appe Reba4e Reb e COMPANY tifnely fair-pays bill at e $50 initial ta�k payment e initial P-2.75 into RA i$04 - Post Appeal: e35 _ Post Appeal: eti 37c added to RA • Appeal etits y l„e by 25oi elnr 4Zeba4e 25 coi • Appeal e its v mite by 75 isstted by A/i a+id ftmded Appeal Reba4ca&4eremmi—ing CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCa 141 ACC9CAC(PBCL(v 141 ACC9C.docx 37 Exhibit to 380 Agr-eemen4 Form of Sworn Sehedule of Snlesil4se Tax Paid by Compan zT--'ifnef-imie-: !,/tirvugh 1-2/31 r rtaet Name: Telepheffei Aar atyPbrtion Fbturn Account/ Invoice Taxable Sales/Use Wund Period Tax Payer I D' Date Pai d Vendor Number Base Tax Rate Tax Pai d F;bquested F I ed* Total * VV I I appl y to taxpayers payi ng and fi I i ng sal es/use tax For-sales t&i paid dir-eefly �a wiider-s, a eepy of the ieiider- itweiee detailiiig sales taii paid aleiig with �he sehedttle above will be pr-evided. Fef: dir-eet pay pei:ffiit holders, a4taeh a eepy of efteh SEEWS,LHse tali filing with the State aleiig with eeffiple6iig the sehedttle abolve for-eaeh individttal sales,�dse twE filing. Additional detail by vender-will be pr-evided if r-eqttested b�7 provided is aeetwa4e and within my kne dge. signatwe � (Se l4 CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCa 141 ACC9CAC(PBCL(v 141 ACC9C.docx 38 INDUSTRIAL DISTRICT AGREEMENT NO. «ID» THE STATE OF TEXAS § COUNTY OF NUECES § CITY OF CORPUS CHRISTI § This Industrial District Agreement ("Agreement") is made and entered into under the authority of Section 42.044 of the Texas Local Government Code,by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and Bootstrap Energy LLC, Land and Improvements Owner, hereinafter collectively called the "COMPANY." The CITY and the COMPANY are hereinafter sometimes referred to individually as a"Party"and collectively as the "Parties." WHEREAS,it is the established policy of the City Council of the City of Corpus Christi,Texas,to adopt reasonable measures permitted by law that 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, the COMPANY is the owner and/or lessee of Land and/or owner of Improvements on land within the Extraterritorial Jurisdiction(ETJ)of the CITY; and WHEREAS,under said policy and the provisions of Section 42.044, Texas Local Government Code, the CITY has enacted Ordinance No. 15898, approved November 26, 1980, as amended, incorporated for all purposes, indicating its willingness to enter into Industrial District Agreements with industries located within its ETJ and designating the specified land areas as Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2; and WHEREAS, in order to correct certain boundary issues, Ordinance No. 029958, as amended, reestablished Corpus Christi Industrial Development Area No. 1 and Corpus Christi Industrial Development Area No. 2 and renamed such areas "Industrial District No. 1 and Industrial District No. 2"and Ordinance No. 031797 expanded Industrial District No. 2; and WHEREAS, Ordinance No. 031721, as amended, established Corpus Christi Industrial District No. 4 in Nueces County; and WHEREAS,Ordinance Nos. 031775,031817,and 033161,as amended,established Corpus Christi Industrial District Nos. 5, 6, 7, 8,9, 10, and 11 in the CITY's ETJ in San Patricio County; and WHEREAS, Ordinance No. 032720 provided for disannexing from the City of Corpus Christi, Texas, an approximately 75.58-acre tract of land and adjusted the boundary of Industrial District No.2 to include the disannexed tract and authorizing the execution of an Industrial District Agreement with Bootstrap Energy LLC requiring the payment in lieu of taxes in an amount equal to 100 percent of the ad valorem taxes that would be due if the tract was in the City limits; and WHEREAS, Industrial District Nos. 1, 2, 4, 5, 6, 7, 8, 9, 10, and 11 are collectively referred to as the "Industrial Districts"; and WHEREAS,the CITY desires to encourage the updating, expansion and growth of industries within said Industrial Districts, and for this purpose,desires to enter into this Agreement with the COMPANY; and WHEREAS, the COMPANY desires to minimize its tax burden and avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts. WHEREAS,the COMPANY desires to avoid regulation by the CITY of the COMPANY's structures and properties within such Industrial Districts; C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 1 NOW, THEREFORE, in consideration of the premises, the mutual agreements of the Parties herein contained and under the authority granted under Section 42.044, Texas Local Government Code, and the Ordinances of the CITY referred to above,the CITY and the COMPANY hereby agree as follows: Article 1 Section 1.01 Immunity from Annexation.The CITY covenants and agrees that during the term of this Agreement, and subject to the terms and provisions herein,the Land shall retain its extraterritorial status as an Industrial District, except as otherwise provided in this Agreement. Except as provided otherwise in this Agreement,the CITY further covenants and agrees that the Land shall be immune from annexation during the Term of this Agreement. Section 1.02 Limited to Industrial Use. The COMPANY covenants and agrees that during the Term, the COMPANY will not use or permit the use of the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry". "Industry" as used herein shall mean for the same industrial uses to which the Land, or similarly situated land within the Industrial Districts, is now devoted by the COMPANY or other such parties holding such similarly situated land.Holding the Land and Improvements for future "industry"use, without using same for non-industry purposes, does not violate this Section 1.02. If the COMPANY uses, or permits use of, the Land and/or Improvements and/or personal property covered by this Agreement for purposes not included within the term "industry" as defined above, then the PILOT to be paid by the COMPANY under this Agreement shall be increased to an amount equal to 100%of the amount of ad valorem taxes on Land and Improvements, and personal property sited on the Land, that would otherwise be payable to the CITY by the COMPANY if said Improvements and personal property were situated on land within the CITY limits of the CITY. The increase shall be immediately effective for all payments from the inception of this Agreement, and the COMPANY shall transmit to the CITY within 60 days of being notified by the CITY of the determination of a non- industry use,subject to the notice and opportunity to cure provided for in Section 4.04,an amount equal to said 100% of ad valorem taxes from the inception of this Agreement, less any amounts previously paid by the COMPANY to the CITY under this Agreement,plus penalties and interest as if the amounts were delinquent taxes. The CITY shall be entitled to its reasonable attorneys' fees and other costs in collecting any of these amounts. In addition,the CITY shall have the right, in its sole and absolute discretion: (1) to obtain an injunction from a court of competent jurisdiction,upon the court's determination that the use is not an"industry"use,requiring that the use be permanently discontinued, or (2) to annex the Land covered by this Agreement and until the Land is annexed, the COMPANY shall continue to make payments equal to said 100% of ad valorem taxes on Land and Improvements and personal property. Section 1.03 Annexation Corridor. If any other company within the Extraterritorial Jurisdiction of the CITY fails to enter into an Industrial District Agreement with the CITY or defaults on their in lieu of tax payments, and said defaulting company is not contiguous with the CITY's boundary,the COMPANY shall, after the CITY provides the COMPANY with 60 days prior written notice of intent to initiate annexation proceeding,permit the CITY to annex a suitable strip of land out of the COMPANY's Land from the CITY'S boundary to the defaulting company's land to permit its annexation. In the event the CITY must annex a part of the COMPANY's property in order to annex property owned by third parties,the CITY will annex the absolute minimum amount of the COMPANY's Land legally necessary to annex such property owned by third parties. The location of such annexed Land shall be subject to the approval of the COMPANY which approval shall not be unreasonably withheld. The COMPANY and such annexed Land shall have no right to any CITY services as a result of such annexation;nor shall the CITY extend,by ordinance, any rules,or regulations to such annexed Land,including,but not limited to,those(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 whatsoever control over the conduct of the COMPANY's business thereon. Such annexed portion of Land shall remain a part of this Agreement and shall not be subject to CITY taxes, but such annexed Land and any Improvements thereon shall continue to be included within the in lieu of tax payment. In the event that the need for an annexation corridor no longer exists,including but not limited to the defaulting company entering into an Industrial District Agreement, having otherwise met its obligations to the CITY, the CITY agrees to immediately cease any annexation proceedings related to the annexation corridor over the COMPANY's Land, or within 60 days, take the C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 2 steps necessary to complete deannexation proceedings required to remove from the city limits any unnecessary annexation corridor. If notwithstanding the foregoing provisions of this Section 1.03,any of such annexed portion of Land or any Improvements or other property located thereon is subject to any CITY taxes with respect to any Calendar Year during the Term of this Agreement, the CITY shall (i) exclude such annexed portion of Land and any Improvements and other property located thereon from the calculation of the PILOT due from the COMPANY under Article 3 for such year, and(ii) as an economic development incentive grant under a program authorized by Chapter 380 of the Texas Local Government Code,remit(either as an offset against the amount of payment in lieu of tax owed to the CITY under this Agreement or as a rebate paid to the COMPANY),within 60 days following the CITY's receipt of proof of payment of such CITY taxes,the portion of such CITY taxes that is in excess of the PILOT that would have been required to be paid to the CITY under this Agreement with respect to such annexed portion of Land and any Improvements and other property located thereon had such annexed portion of Land not been annexed. Section 1.04 City Services. During the Term hereof,pursuant to this Agreement,the CITY shall have no obligation to extend to the Land any utility or other CITY services, except for services that are being provided to and paid for by the COMPANY on the date hereof,or as otherwise stated herein. Section 1.05 Fire Protection Services. The CITY may provide fire protection services to the COMPANY at the option of the COMPANY for an additional payment to the CITY as set forth under Section 3.05 hereof. Section 1.06 Compliance with City Rules and Regulations. The CITY and the COMPANY agree that during the Term hereof, with respect to the Land and Improvements and other property located thereon, the CITY shall not require compliance with its rules or regulations: (1) governing zoning and platting of the Land, or any additions thereto, outside the CITY limits and in an Industrial District; provided, however, COMPANY further agrees that it will in no way divide the Land or additions thereto without complying with applicable State law and CITY ordinances governing subdivision of land;(2) excluded from Industry compliance obligations pursuant to Section 1.02 of Exhibit E; or (3) prescribing any rules governing the method of operation of COMPANY's business, except as to those regulations relating to the delivery of utility services and industrial waste disposal through CITY-owned facilities. The COMPANY shall ensure that all of the COMPANY's connections with the CITY water system contain backflow prevention devices and/or air gaps consistent with the technical criteria referenced in Section 55-96 of the City Code as said section exists on the signature date of this Agreement and state law, including any periodic certifications required by the aforementioned provisions of the City Code and state law. Notwithstanding, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer(assembly).After such review and determination, CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method, then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY, CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies.If the CITY does not respond within 60 days of such written COMPANY request,then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.07 Definitions.The following terms have the following meanings: A. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 3 B. CAD. The appraisal district(either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the portion of the Land and the Improvements located within the boundaries of such appraisal district. C. Calendar Year.A period of time beginning January I and ending December 31 in a numbered year. D. Existing Improvements. Improvements other than New Improvements. E. Extraterritorial Jurisdiction (ETJ). As defined by Chapter 42 of the Texas Local Government Code, as amended. The CITY's existing ETJ includes the unincorporated area that is contiguous to the corporate boundaries of the CITY and that is located within five miles of those boundaries. F. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. G. Industrial District. The industrial districts designated pursuant to Ordinance Nos. 029958, 031721, 031775,031797,031817,033161,or future ordinance of the CITY,are incorporated herein by reference. H. Industrial District Agreement. An agreement made and entered into under the authority of Section 42.044 of the Texas Local Government Code. I. Land. All of the land owned, leased or possessed by COMPANY and located within the Industrial Districts. Land, in the context of this Agreement includes all land of the COMPANY located in the Industrial Districts,whether or not it is in included in Exhibit A. J. Market Value.As determined and defined by the applicable CAD. K. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement L. PILOT. Payment in Lieu of Ad Valorem Taxes. M. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). N. Prior Industrial District Agreement. The Industrial District Agreement by and between the CITY and the COMPANY that expired December 31,2024. Article 2 Section 2.01 Term. The term of this Agreement(Term) shall be 15 years from January 1, 2025 to December 31, 2039,unless earlier terminated as herein provided. Section 2.02 New Agreement or Annexation before Expiration of Term. Prior to July 1, 2039,the COMPANY shall enter into a new Industrial District Agreement with the CITY or file a voluntary Petition for Annexation of the Land into the territorial limits of the CITY. The Petition for Annexation pursuant to this section will be in the form attached as Exhibit C. The annexation may become effective at any time after September 1, 2039. Failure of the COMPANY to execute and submit a voluntary Petition for Annexation prior to July 1,2039 shall entitle the City to (1)file the Petition for Annexation and Agreement for Provision of Municipal Services attached to this agreement and/or(2) otherwise annex the Land into the territorial limits of the CITY. In the event of annexation due to failure C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 4 to enter into a new Industrial District Agreement in 2039, the terms of this Agreement other than restrictions on annexation,that can be legally applied after annexation will continue to apply until December 31,2039. Article 3 Section 3.01 Payment in lieu of Ad Valorem Taxes (PILOT).Each year during the Term hereof, the COMPANY shall pay to the CITY: A. Land.An amount in lieu of tax on the Land(excluding Improvements located thereon)equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Land which would otherwise be payable to CITY by COMPANY if the Land were situated within the CITY limits. B. Existing Improvements. An amount in lieu of tax on Existing Improvements located on the Land equal to 100%of the amount of ad valorem taxes based upon the Market Value of the Existing Improvements, which would otherwise be payable to the CITY by the COMPANY if said Existing Improvements were situated on land within the CITY limits.For purposes of this calculation,the Existing Improvements will not include the pollution control improvements that have qualified for exemption from taxation pursuant to Texas Property Tax Code 11.31. C. New Improvements. For the first four Calendar Years after a New Improvement is affixed to the land and Placed in Use,the COMPANY shall pay 100%PILOT for said New Improvement. Personal Property. An amount in lieu of tax on personal property equal to 100%of the amount of ad valorem taxes based upon the Market Value of the personal property which would otherwise be payable to CITY by COMPANY if the personal property were situated on land within the CITY limits. D. With respect to any new land acquired by the COMPANY located within an Industrial District,the new land shall be included in the COMPANY'S land known as the Land, and shall be considered in calculating the in lieu of tax payment on the Land as of January I of the first year following the date which the new land is acquired by the COMPANY. Within 90 days after the acquisition of new land by the COMPANY, the COMPANY shall provide the CITY with a revised Exhibit A that includes a complete listing by the applicable CAD of the Geographic ID number of the newly acquired land and any Improvements thereon and promptly after the CITY's receipt of such revised Exhibit A, the CITY and the COMPANY shall each execute, acknowledge, and deliver to one another a written agreement with respect to such acquired land substantially in the form of Exhibit D attached hereto to evidence that such land is made subject to the terms and provisions of this Agreement. E. With respect to any new land acquired by the COMPANY after January 1, 2025, located within the ETJ of the CITY, but not in an Industrial District,the COMPANY shall report such purchase to the CITY and the CITY shall determine whether an Industrial District Agreement is desired for such newly acquired land. Section 3.02 Company Schedule of Value. On or before August 31st of each year of this Agreement,or upon final determination of Market Values by the applicable CAD,whichever is later,the COMPANY shall provide to the CITY an itemized Schedule of Value by sworn affidavit, on the form attached hereto as Exhibit B, listing all CAD, Geographic ID numbers and the Market Values related thereto,and showing all Land and Improvements and personal property owned or controlled by the COMPANY including and identifying the property to be valued as part of this Agreement (the "Schedule") and each exemption applicable to the calculation of taxation on each item of property (specifying exemptions pursuant to Texas Property Tax Code 11.31). The Schedule shall also list the year any Improvements were Placed in Use. The COMPANY has no objection to the CITY'S review of all forms,information, and documents provided by the COMPANY to the applicable CAD and,in the event of appeal,the Appraisal Review Board. Failure to provide the Schedule to the CITY shall constitute a breach of this Agreement. COMPANY must include on its Schedule of Value the Geographic ID numbers for all personal property accounts on the Property, whether owned by COMPANY or by a Lessee or tenant. C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 5 Section 3.03 Determination of Value. Subject to the provisions of Section 3.04,in determining the COMPANY'S annual in lieu of tax payment required under this Agreement,the calculation shall be made utilizing the Market Value of all Land and Improvements and personal property,but not including the Land and/or Improvements and/or personal property that qualify for the exemption for pollution control property as provided in Texas Property Tax Code Section 11.31 as determined by the applicable CAD,or its successor,under provisions of the Texas Property Tax Code. The COMPANY shall timely provide information and reports required under this Agreement and under Texas law,rules and regulations to the applicable CAD or its designee, so that the appraisal process can be completed in accordance with all applicable state laws. Section 3.04 Company Protest of Value or Billing. If the COMPANY elects to protest the valuation set on any of its properties by the CAD for any year or years during the Term hereof, it is agreed that nothing in this Agreement shall preclude the protest, and the COMPANY shall have the right to take all legal steps desired to reduce the same as if the property were located within the CITY. The COMPANY shall notify the CITY of its appeal within 30 days after its protest of the valuation is submitted to the CAD. Notwithstanding any protest of valuation by the COMPANY or any non-CAD related billing dispute,the COMPANY agrees to pay to the CITY an initial estimated PILOT,on or before the Due Date in Section 3.07 below,based on the amount billed by the CITY. Alternate Estimated PILOT.- If the COMPANY files a lawsuit or lawsuits over the value of any of any of its properties on which the PILOT is calculated and chooses to pay an Alternate Estimated PILOT, then on or before November 1"of the tax year subject to the lawsuit, the COMPANY shall provide written notice to the CITY identifying each CAD Geographic ID number subject to the lawsuit and the COMPANY's estimate of value and legal basis for each value.This written notice shall be accompanied by the COMPANY's calculation of: (1) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the Market Values determined by the CAD (CAD-determined Market Values for the tax year subject to the lawsuit), and (2) the total,cumulative PILOT for the tax year subject to the lawsuit,based on the market values estimated by the COMPANY(COMPANY-determined market values for the tax year subject to the lawsuit), and (3) the total, cumulative PILOT paid by COMPANY to CITY for the year immediately prior to the tax year subject to the lawsuit. If the total cumulative CAD-determined Market Values for the tax year subject to the lawsuit are more than 20% greater than the total, cumulative CAD-determined Market Values for the immediately prior tax year, then the COMPANY may pay an Alternate Estimated PILOT,based on the greater of- (1) the COMPANY-determined market values for the tax year subject to the lawsuit,or (2) 120%of the total,cumulative PILOT paid by COMPANY to CITY for the tax year immediately prior to the tax year subject to the lawsuit(s). When the valuation on said property or any billing dispute has been finally determined, either as the result of final unappealable judgment of a court of competent jurisdiction or as the result of other final settlement of the controversy, then within 30 days thereafter, if the PILOT due the CITY is established to be an amount more than the PILOT or Alternate Estimated PILOT paid by the COMPANY,then COMPANY shall make to the CITY any additional PILOT due based on the final determination.If,as a result of final unappealable judgment of a court of competent jurisdiction, or as the result of other final settlement of the controversy,the PILOT due to the CITY is established to be an amount less than the amount of the PILOT or Alternate Estimated PILOT for that year paid by the COMPANY,the excess in lieu of tax payment,if any,collected by the CITY shall be returned to COMPANY within 60 days after COMPANY provides notice and a copy of said final determination. The parties may mutually agree to alternative methods of reimbursement,such as a credit to the in lieu of tax payments due the next year.Any non-CAD related billing disputes shall be resolved by the CITY within 90 days from the date notice of the dispute is received by the CITY. Section 3.05 Fire Protection. With respect to each year during the Term of this Agreement, an additional amount for CITY fire protection equal to 15% of the amount of ad valorem taxes based upon 100% of the Market Value of the Improvements located on the Land which would otherwise be payable to the CITY by the COMPANY for such year if said Improvements were situated on land within the CITY limits(Calculation: Market Value of Improvements x 15% x CITY tax rate =Fire Protection Fee) will be paid annually; provided, however, that the COMPANY shall not be obligated to pay the additional amount provided by this Section 3.05 for any year during the Term of this Agreement if either(i) as of January 1 of such year,the COMPANY is a member in good standing of the Refinery C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 6 Terminal Fire Company, or its successor, or (ii) the COMPANY satisfies the requirements set forth in Section 775.032(a)(1),(2),and(3)of the Texas Health and Safety Code and certifies to the CITY in writing such compliance. Section 3.06 Calculation of Amount Due.The CITY shall mail an invoice to the COMPANY,which sets forth the amount of payment in lieu of tax owed to the CITY calculated in accordance with this Agreement. Such invoice shall be postmarked at least 30 days prior to the Due Date defined in Section 3.07 below,and shall be mailed to the address shown in Section 10.03 of this Agreement.The calculation shall be made with reference to the exemption for pollution control property in Section 11.31, Texas Property Tax Code, and Article VIII, Section 1-1, Texas Constitution, as same presently exist or may be hereafter amended, using the Market Value of pollution control equipment certified by the CAD. In addition, all amounts other than the 11.31 amount referenced above shall be calculated without reference to any new tax exemption or any increase in an existing tax exemption enacted after January 1, 1995. Section 3.07 Payment. The COMPANY agrees to pay to the CITY on or before January 31 of the year following each year during the Term hereof(the "Due Date"), all PILOTS provided for hereunder and invoiced by the CITY in accordance with Section 3.06 above,without discount for early payment,but subject to Section 3.04.Notwithstanding, if the CITY sends a late invoice (after January Is), then the COMPANY will pay the CITY within 30 days after receipt of the late invoice. This Agreement, and the method of determining and fixing the amount of the PILOTS hereunder, shall be subject to all provisions of law relating to determination of Market Value and taxation,including, but not limited to,laws relating to rendition,assessment,equalization and appeal.Any invoiced amounts that are not paid by the Due Date shall be considered delinquent. Delinquent amounts shall be immediately subject to interest at 12% per annum, compounded monthly and the COMPANY shall reimburse the CITY for its costs of collections, including reasonable attorneys' fees. Section 3.08 Required Development. The COMPANY agrees that improvements necessary to operate a cryptocurrency mining operation and/or lease serve or rack space for the operation of a cryptocurrency mining operation must be Placed in Use on all Land on or before December 31, 2023. COMPANY may, as an approved alternative, construct a battery energy storage system with a requirement that such a facility must be Placed in Use not later than December 31, 2025. If the alternative facility has not been Placed in Use by December 31, 2025, for reasons beyond Company's ability to control, including, for the avoidance of doubt,delays by AEP or ERCOT,then COMPANY shall make payment in lieu of taxes from and after the end of calendar year 2025 at the greater o£ (i)the applicable rate per Article 3.01 of appraised value of any improvements regardless if such appraised value is classified by NCAD as either Placed in Use or Construction Work in Progress (CWIP); or (ii) $100,000.00 (one-hundred thousand dollars). In such event the COMPANY shall be deemed to be in compliance with the Agreement. Failure to substantially comply with the foregoing requirement will constitute a breach of this Agreement. If following notice of such breach,COMPANY does not provide either(1)a completion schedule reasonably acceptable to CITY,or(2) a proposed alternative industrial use for undeveloped tract that is reasonably acceptable to the CITY within 90 days, the CITY may declare this agreement terminated and accept COMPANY's petition for annexation and begin annexation proceedings under Section 10.07 below. Additionally, if COMPANY does provide an acceptable alternative development within the 90 day period, but does not thereafter diligently pursue such alternative project and insure that necessary Improvements are Placed in Use within such reasonable time period as the Parties may agree to, not to exceed two years, following approval of the alternative development, then the City may declare this Agreement terminated and accept COMPANY's petition for annexation and begin annexation proceedings under Section 10.07 below. Section 3.08 Filing of Industrial District Agreement.After execution,the CITY will file this Agreement with the applicable County Clerk, invoice the COMPANY for the filing fee, and provide a file-stamped copy to the COMPANY. COMPANY shall remit payment for such filing fee within 30 days after being invoiced for the cost of such filing. Article 4 Section 4.01 Company Failure to Pay/Company Breach. If the COMPANY fails to make a report or payment due to the CITY hereunder or if the COMPANY fails to perform any other material obligation incumbent upon the COMPANY to be performed hereunder or revokes any provision of this Agreement or attachment hereto,and if such C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 7 default is not fully corrected within 60 days (or such longer period to the extent required by Section 4.04) after the CITY gives written notice of said default to the COMPANY, the City shall have the option to either(1) accept the COMPANY's Petition for Annexation and Agreement for Provision of Municipal Services and commence annexation proceedings,in accordance with Section 10.07 below,and sue to recover all damages; or(2)continue this Agreement for its Term and collect the payments required hereunder.A failure to perform pursuant to this Agreement will not be considered "material" if such failure to perform does not affect reporting, payment, annexation, or enforceability of any provision of this Agreement. Nonetheless, a COMPANY violation or failure to perform this Agreement,regardless of materiality shall entitle the City to declare this Agreement in default and commence ordinary annexation proceedings. Section 4.02 Lien. The CITY shall be entitled to and have a tax lien on the Land and Improvements and personal property which may,in the event of default in payment of any sum due hereunder that is not cured in accordance with Section 4.04 below,be enforced by CITY in the same manner as provided by law and for the collection of delinquent ad valorem taxes. Additionally, the CITY shall be entitled to and have a contractual lien on the Land and Improvements and personal property which may be foreclosed in the event of such uncured default (1)judicially or (2) extra judicially in the same manner as a deed of trust under the Texas Property Code, and for that purpose may appoint a trustee or trustees. Section 4.03 City Breach. If the CITY breaches this Agreement by annexing or attempting to pass an ordinance annexing any of the Land(except with reference to any annexation provided for herein),the COMPANY shall provide written Notice of Default(clearly labeled as such)to the CITY and CCOMPANY shall be entitled to enjoin the CITY from the date of its breach for the balance of the Term of this Agreement from enforcing any annexation ordinance adopted in violation of this Agreement and from taking any further action in violation of this Agreement. If the COMPANY elects to pursue this remedy,then so long as the CITY specifically performs its obligations hereunder, under injunctive order or otherwise, the COMPANY shall continue to make the annual payments required by this Agreement. Section 4.04 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by the COMPANY of any of the terms or conditions of this Agreement,the CITY shall give the COMPANY written Notice of Default (clearly labeled as such) specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the COMPANY will be afforded 60 days within which to cure the alleged default. A default not related to payment that cannot be remedied within 60 days may be subject to a Plan of Cure that will be considered by the CITY if said Plan is requested in writing to the CITY within 30 days after CITY sends the Notice of Default. The City will approve a Plan of Cure that cannot be remedied within 60 days not related to payment if such plan of cure reasonably cures the default in the most expeditious manner possible and does not harm the enforceability of any legal remedies provided in this document and its attachment. Failure of the COMPANY to comply with the Plan of Cure will be considered an additional default of this Agreement. Section 4.05 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other,and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.06 No Waiver of Riehts and Remedies. It is expressly understood that if at any time the COMPANY is in default in any provision of this Agreement,the failure on the part of the CITY to promptly avail itself of the rights and remedies that the CITY may have,will not be considered a waiver on the part of the CITY;provided that if the CITY within 4 years from the date of any default by the COMPANY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. Further, is expressly understood that if at any time the CITY is in default in any provision of this Agreement, the failure on the part of the COMPANY to promptly avail itself of the rights and remedies that the COMPANY may have,will not be considered a waiver on the part of the COMPANY;provided that if the COMPANY within 4 years from the date of any default by the CITY, does not avail itself of the rights or remedies or elect to terminate this Agreement on account of such default,then such default is deemed waived. C:\Users\ufo-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 8 Section 4.07 Limitation of Liability.To the fullest extent permitted by law,and not withstanding any other provision of this Agreement, in no event will either party be liable to the other party hereunder for punitive, exemplary, or indirect damages, lost profits or business interruptions damages; provided however, this limitation in not meant to limit the CITY'S rights under this Agreement to collect from the COMPANY any unpaid PILOT,late penalties and interest associated therewith, and any costs of collection including but not limited to reasonable attorney fees. Article 5 Section 5.01 Description of Property.The COMPANY agrees to provide the CITY with a listing of Geographic ID numbers, as available from the applicable CAD or its successor, to be attached hereto and incorporated herein as Exhibit A. With respect to COMPANY'S acquisition of new land in the Industrial District, as described in Section 3.01 which becomes included in the Land,COMPANY agrees to provide to CITY a listing of Geographic ID numbers as available from the applicable CAD or its successor. Article 6 Section 6.01 Annexation BY Another Entity.If any attempt to annex any of the Land owned,used,occupied,leased, rented or possessed by COMPANY,is made by another municipality,or if the incorporation of any new municipality should attempt to include within its limits the Land or property, the CITY shall seek a temporary and permanent injunction against the annexation or incorporation,with the cooperation of the COMPANY, and shall take any other legal action necessary or advisable under the circumstances.The cost of the legal action shall be borne equally by the Parties;provided,however,the fees of any special legal counsel shall be paid by the Party retaining same. Section 6.02 Termination. If the CITY and the COMPANY are unsuccessful in obtaining a temporary injunction enjoining the attempted annexation or incorporation described in Section 6.01 above,the COMPANY shall have the option of(1)terminating this Agreement,effective as of the date of the annexation or incorporation into the CITY,or (2) continuing to make the PILOTS required hereunder. This option shall be exercised within 30 days after the application for the temporary injunction is denied. If the COMPANY elects to continue the PILOT, the CITY shall place future payments hereunder together with part of the payment for the Calendar Year in which the annexation or incorporation is attempted, prorated to the date the temporary injunction or relief is denied, in a separate interest- bearing escrow account which shall be held by CITY subject to the following: A. If final judgment (after all appellate review, if any, has been exhausted) is entered denying a permanent injunction and/or upholding the annexation or incorporation,or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation, then all of such payments and accrued interest thereon shall be refunded to the COMPANY;or B. If final judgment (after all appellate review, if any, has been exhausted) is entered granting a permanent injunction and/or invalidating the annexation or incorporation, or a final settlement or other final disposition of the controversy allows or upholds the annexation or incorporation,then all of such payments and accrued interest thereon shall be retained for use by the CITY. Article 7 Section 7.01 Sale or Lease. If the COMPANY sells all or a portion of the Land or Improvements to any entity,then the COMPANY shall within 90 days give notice to the CITY of said sale,and this Agreement shall continue in effect as to all Land and/or Improvements sold.If the COMPANY leases all or a portion of the Land or Improvements to an entity that will be responsible for payment hereunder,the COMPANY shall within 90 days give notice to the CITY of said lease, and this Agreement shall continue in effect as to all Land and/or Improvements leased. Section 7.02 Company's Responsibility for Payment; Assignment. The COMPANY as seller or lessor in a transaction pursuant to Section 7.01 above, shall remain responsible for any PILOT attributable to the Land or Improvements sold or leased unless the COMPANY has entered into an assignment and assumption agreement with the buyer or lessee of such Land or Improvements that the CITY has consented to, in which the buyer or lessee C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 9 assumes all responsibilities and obligations under this Agreement as to the purchased or leased Land and/or Improvements.The CITY will consent to an assignment and assumption agreement if all payments for PILOT are up- to-date and said agreement provides for execution of documents required by the CITY to ensure the continued enforceability of all obligations of this Agreement in a form satisfactory to the CITY, acting reasonably. If the COMPANY assigns its payment responsibility to a lessee and COMPANY's lessee fails to make any required payments after assuming such responsibility,the COMPANY may,after notice in accordance with Section 4.04,either make the required payments itself or agree to annexation by petition in accordance with Section 10.07 below. Effective the date of transfer of the Land to a new owner, the new owner of the Land will execute a Petition for Annexation and Agreement for Provision of Municipal Services,in substantially the same form as the one attached as Exhibit C,signed by the buyer before the CITY will consent to the assignment. Section 7.03 Covenant Runnine with the Land. THIS AGREEMENT SHALL BE DEEMED COVENANTS RUNNING WITH THE LAND, AND A MEMORANDUM OF AGREEMENT SHALL BE RECORDED IN THE REAL PROPERTY RECORDS OF NUECES COUNTY, TEXAS AND/OR SAN PATRICIO COUNTY, TEXAS, AS APPLICABLE. THE COMPANY AND THE CITY ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT IS BINDING UPON THE CITY AND THE COMPANY AND THEIR RESPECTIVE SUCCESSORS, EXECUTORS, HEIRS, AND ASSIGNS, AS APPLICABLE, FOR THE TERM OF THIS AGREEMENT AND CONSTITUTES A COVENANT RUNNING WITH THE LAND. ALL SUCCESSIVE FUTURE OWNERS OF THE LAND WILL BE TO THE SAME EXTENT BOUND BY AND WILL HAVE THE SAME RIGHT TO INVOKE AND ENFORCE,THE PROVISIONS OF THIS AGREEMENT AS THE ORIGINAL SIGNERS OF THIS AGREEMENT. Article 8 Section 8.01 Inurement. This Agreement shall inure to the benefit of and be binding upon the CITY and the COMPANY, and shall inure to the benefit of and be binding upon the COMPANY'S successors, assigns, Affiliates and subsidiaries,and, subject to Section 7.02, shall remain in force whether the COMPANY sells,assigns,or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the Land, and the agreements herein contained shall be held to be covenants running with the Land for so long as this Agreement or any extension thereof remains in force. The COMPANY agrees to require any Affiliates of COMPANY who desire to have the benefits of this agreement execute such documents as required by the CITY to ensure the enforceability of all provisions of this agreement, including, but not limited to, for all owners of the Land, the attached Petition for Annexation and Agreement for Provision of Municipal Services.Failure of any owner of the Land to execute this agreement and attached Petition for Annexation and Agreement for Provision of Municipal Services will constitute a default. Article 9 Section 9.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area.The COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Section 9.02 Water Procurement.The COMPANY acknowledges that the CITY provides a regional water system that is critical to the well-being and economic growth of the entire area and that it is important for each customer to continue to use the system as its principal source of water. The COMPANY agrees to provide six months written notice of any intent or action to obtain more than ten 10% of its total water needs from any source other than the CITY. This Agreement does not guarantee to the COMPANY the availability of any specified amount or quantity of water, subject to any obligations that that might apply to the CITY pursuant to state law. Article 10 C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 10 Section 10.01 Severability. In the event any word,phrase,clause, sentence,paragraph, section, article or other part of this Agreement or the application thereof to any person, firm, corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal, invalid or unconstitutional for any reason, then the application, illegality, invalidity or unconstitutionality of the word, phrase, clause, sentence, paragraph, section, article or other part of this 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. Section 10.02 Entire Agreement.This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. The exhibits attached to this Agreement are incorporated herein and shall be considered a part of this Agreement for the purposes stated herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. The language in all parts of this Agreement shall in all cases be construed according to its fair meaning and shall not be strictly construed for or against any party. Section 10.03 Notices.Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates shall be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below, with a prominent identification of the title of this Agreement to which it refers, "INDUSTRIAL DISTRICT AGREEMENT NO.«ID»".Each Party must notify the other Party of any change of address in writing. To the CITY: City of Corpus Christi-City Manager 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 With copies to City of Corpus Christi Director of Finance P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3105 City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 If to COMPANY: Mr.Matthew J.Held Bootstrap Energy LLC 3838 Oak Lawn Ave., Ste. 100 Dallas,TX 75219 Phone: 310-210-4545 Email: matt.held@bootstrap-energy.com With copies to: Brent Stahl Stahl,Davies, Sewell, Chavarria&Friend,LLP 7320 N.MoPAc, Suite 211 Austin,TX 78731 Email: bstahl@sbaustinlaw.com Phone: (512) 652-2946 C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 11 Section 10.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to any of its conflicts of law principles. This Agreement is to be performed in Nueces County,Texas. Section 10.05 Counterparts.This Agreement may be executed in multiple counterparts,each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 10.06 Authority; Construction.By acceptance of this Agreement and/or benefits conferred hereunder,each party represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such parry to all of the terms,covenants and conditions contained herein. The headings contained in this Agreement are for reference purposes only,are not to be considered a part hereof,and shall not affect in any way the meaning or interpretation of this Agreement.Unless the context otherwise requires: (1) the word "including" shall mean "including, but not limited to," (ii) words used in the singular shall also denote the plural,and words used in the plural shall also denote the singular,and(iii)references to the terms"Article,""Section," "clause," "Exhibit" and "Schedule" are references to the Articles, Sections, clauses, Exhibits and Schedules of this Agreement unless otherwise specified. Section 10.07 Petition for Annexation. Subject to the provisions of Article 4, COMPANY agrees that failure to timely cure any default in accordance with this Agreement constitutes a petition for annexation of the Land and in furtherance thereof in the event of such a failure,a voluntary Petition for Annexation and Agreement for Provision of Municipal Services executed by all owners of the Land is attached hereto as Exhibit C and may be accepted by the CITY for purposes of annexing the Land in the event that COMPANY fails to timely cure any default in accordance with this Agreement. Further, COMPANY agrees that the annexation petition may be accepted by the CITY for purposes of annexing the Property in the event that, during the Term of this Agreement,a bill is approved by the Texas Legislature that will,in the sole but reasonable and continuing opinion of the CITY,result in a prohibition of annexation of all or part of the Land. In addition to the filing of a voluntary Petition for Annexation and Agreement for Provision of Municipal Services pursuant to this section,the City may pursue such other annexation actions related to the Land as appropriate to ensure all owners of the Land are included in any annexation(s). In the event of annexation pursuant to a bill approved by the Texas Legislature, then the annexation will be subject to the City's agreement to execute a 380 Agreement with COMPANY and its relevant Affiliates for the remainder of the term of this Agreement,in the form attached as Exhibit F. In the event of such legislation, the Parties will consider alternative legal arrangements that would preserve the Parties' rights and authority that would not require full annexation. The preceding�paragraph applies to any of the COMPANY's successors,assigns,or Affiliates provided for in Section 8.01,regardless of ownership or other interest in Land subject to this Agreement,including the provisions related to the 380 Agreement. If the Land is annexed,this Agreement will terminate automatically upon payment of the final PILOT payment due under this Agreement. Annexation does not absolve the COMPANY of the requirement to pay any PILOT that accrued prior to the date of annexation under this Agreement,and the CITY may pursue all remedies in law and equity to collect such past due PILOT payments.Nonetheless,no PILOT will be due for any year for which the COMPANY is subject to taxation due to annexation. This Agreement and the attached documents are authorized and enforceable pursuant to Texas Local Government Code § 212.172. The Parties agree that the following disclosure is sufficient for purposes of Section 212.172 (b-1)of the Texas Local Government Code: THE COMPANY IS NOT REQUIRED TO ENTER INTO THIS AGREEMENT AND HAS CHOSEN TO DO SO OF ITS OWN FREE WILL. AT THE TIME OF THIS AGREEMENT, THE CITY HAS THE AUTHORITY TO ANNEX THIS PROPERTY EITHER BY REQUEST OF THE OWNER UNDER SUBCHAPTER C-3 OF TEXAS LOCAL GOVERNMENT CODE CHAPTER 43 OR WITHOUT THE REQUEST OF THE OWNERS UNDER C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 12 SECTION 43.0116 OF THE TEXAS LOCAL GOVERNMENT CODE.THIS AGREEMENT OFFERS COMPANY PROTECTION FROM ANNEXATION UNDER SECTION 43.0116. IN EXCHANGE FOR THAT IMMUNITY, THE COMPANY REQUESTS ANNEXATION THROUGH PETITION IF COMPANY FAILS TO COMPLY WITH THE REQUIREMENTS OF THIS AGREEMENT. IN THE EVENT THAT COMPANY TRIGGERS ANNEXATION UNDER THIS SECTION 10.07, THE CITY WILL ACCEPT THE ANNEXATION PETITION AND PRESENT AN ANNEXATION ORDINANCE TO CITY COUNCIL FOR APPROVAL FOLLOWING A PUBLIC HEARING. NO FURTHER CONSENT OF THE LANDOWNER IS REQUIRED FOR ANNEXATION BY PETITION. THE CITY WAIVES IMMUNITY FROM SUIT ONLY FOR PURPOSES OF CHALLENGING AN ANNEXATION,ADMINISTERING PILOT PAYMENTS AND REFUNDS OR PURSUING REMEDIES UNDER ARTICLE 4. Section 10.08 Effect of Future Laws. To the extent allowed by the Constitution and laws of the State of Texas, no subsequent change in the law regarding annexation shall affect the enforceability of this Agreement or the CITY's ability to annex the Land covered herein pursuant to the terms of this Agreement. Section 10.09 Disannexation Acknowleament. In consideration of the disannexation of the subject property on or after the Effective Date the COMPANY agrees that the CITY is not obligated to reimburse any taxes under Section 43.148 of the Texas Local Government Code as any taxes previously received on the property were offset by the costs of services actually provided to the property. Code.Seetion 10.091%4ost Favored Nations,. if CITY enters inte a new ladtistfial PistFiet Agfeement, or-a r-enewal of aa�7 payment tefms and pr-e:visiens. For-ptiFpeses of the immedia+e!�, pFeeediag sef4enee, "landowner-" shall not ineltide de:velepment agr-eemeal with any new meoer- employer- within the C14AL s ET-j, or- with aa�, eempaa�, p Exhibits: Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Exhibit B Form of Sworn Schedule of Values Exhibit C Petition for Annexation &Agreement for Provision of Municipal Services—to be executed at time of signatures to Agreement by all Land owners Exhibit D Form of Property Supplement Exhibit E Standard Industrial District Annexation 380 Agreement C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 13 EXECUTED this day of 2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: «LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «L0_S1gnatory_T1tle» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 14 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Name: Title: 40 Signatory_Title» Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: <L Signatory» Naine: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by«L_Signatory», as the «L_Signatory_Title>>of«L Name>>,a«L_Entity_State» «L_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 15 Exhibit A Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement Depictions of Land subject to this Agreement Nueces County ID Type Legal Description Appraisal District Geographic ID 0276-0145-0040 110B Outside Land Assessors Map 145 80.756 Acs out of 114.8 Ac tr 4 sur 409 AB&M Abst 555 ICL (Formerly 263-145-40) CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLC I C1A6E9DAC(PBCL(v 1 C1 A6E9D.docx 16 Exhibit B Form of Sworn Schedule of Values for Industrial District Agreement No. As of 1/1/ Due 8/31/ COMPANY NAME: Contact Name: Telephone: Address: Geographic Description Earliest Date that CAD Market Did CAD declare COMPANY Prior year Did CAD declare ID# Property was first Value property exempt valuation in CAD prior year property placed in use or from taxation lawsuit filed Market exempt from affixed to the Land pursuant to Texas by value taxation pursuant to if Property is an Property Code COMPANY Texas Property Iniprovement 11.317 Code 11.31 Total I a duly authorized official of the above COMPANY, do swear that the inforination provided is accurate and within my knowledge. Signature Date Name & Title of Authorized Official Sworn to and subscribed before me by on this day of (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 17 Exhibit C Petition for Annexation To: The City Council of The City of Corpus Christi,Texas: The undersigned Landowner(s)of the hereinafter described tract of Land,which is without residents,request the City Council of the City of Corpus Christi,Texas,to extend the present city limits of the City of Corpus Christi,Texas,to include as part of the City of Corpus Christi, Texas, the territory described in Exhibit A of the Industrial District Agreement to which this document is attached,and the document description herein is considered incorporated herein. We certify that this Land is not appraised for ad valorem tax purposes as land for agricultural or wildlife management use under Texas Tax Code, Chapter 23, Subchapters C or D, as they may be amended or as timber land under Subchapter E of that chapter as it may be amended. Attached hereto is the Agreement for Provision of Municipal Services, fully executed by all of the undersigned Landowner(s). This Petition for Annexation of the above-described tract of land is intended to be signed and duly acknowledged by each and every owner of said Land. LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory», as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 18 Exhibit C Agreement for Provision of Municipal Services This Agreement for Provision of Municipal Services ("Service Agreement") pursuant to Texas Local Government Code §43.0672, as amended is entered into by and between the City of Corpus Christi ("CITY"'), and ("Landowner"). WHEREAS, the Landowner has requested that the City consider annexation of the territory described in Exhibit A of the Industrial District Agreement to which this document is attached situated in County,Texas,which is hereinafter described as the "Land"; WHEREAS, the CITY intends to institute annexation proceedings for the Land, and Texas Local Government Code §43.0672 requires a written agreement for the provision of services in the area first be entered into between the City and Landowner of the Subject Property prior to annexation; WHEREAS,the City Council of the City of Corpus Christi,Texas,finds and determines that: • this Agreement will not provide any fewer services or a lower level of services in the annexation area than were in existence in the annexation area at the time immediately preceding the annexation process, and • this Agreement for Provision of Municipal Services will provide the Land with a level of service, infrastructure, and infrastructure maintenance that is comparable to the level of service, infrastructure, and infrastructure maintenance available in other parts of the municipality with topography, land use, and population density similar to those reasonably contemplated or projected in the area; and • all statutory requirements for annexation have been satisfied and the CITY is authorized by Texas Local Government Code Chapter 43 to annex the Land into the CITY. NOW, THEREFORE, in consideration of the mutual covenants contained herein, the CITY and the Landowner(s) agree as follows: Section 1.Recitals.The Parties hereto acknowledge and agree that the foregoing recitals are hereby found to be true and correct and are hereby adopted by the Parties and made a part hereof for all purposes. Section 2.Services to be Provided.The following service list represents the provision of services agreed to between the landowner of the Property and the City establishing a program under which the City will provide municipal services to the Subject Property as required by Texas Local Government Code §43.0672,which will be provided at a level consistent with services levels provided to other similarly situated areas within the City. • Police Protection: The Corpus Christi Police Department will provide police protection at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Fire Protection: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable) attached to the Industrial District Agreement to which this document is attached, the Corpus Christi Fire Department will provide fire protection and suppression at the same level of service now being provided to other areas of the City of Corpus Christi,Texas,with similar topography, land use,and population density. • Emergency Medical Service: The Corpus Christi Fire Department will provide emergency medical services at the same level of service now being provided to other areas of the City of Corpus Christi,Texas, with similar topography,land use, and population density. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 19 • Solid Waste Collection: Solid waste collection and services will be provided at the same level of service now being provided to other areas of the City of Corpus Christi, Texas,with similar topography, land use, and population density. • Operation and Maintenance of Water and Wastewater Facilities that are not Within the Service Area of Another Water or Wastewater Utility: Water and wastewater service will continue to be provided in accordance with the Corpus Christi Code of Ordinances,Corpus Christi Unified Development Code,Utility Department Policies, and engineering standards at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density, provided the service is not currently served by another utility through existing facilities located within or adjacent to the area. Water or wastewater facilities owned or maintained by the CITY at the time of the proposed annexation shall continue to be maintained by the CITY. Water or wastewater facilities that may be the property of another municipality or other entity shall not be maintained by the City of Corpus Christi unless the facilities are dedicated to and accepted by the City of Corpus Christi.The current water line mains at their existing locations shall be available for point of use extension based upon the current City's standard water extension policies now existing or as may be amended. On-site sewage facilities will be allowed contingent upon the property owner meeting all city, county, state and federal requirements. • Operation and Maintenance of Roads and Streets, including Street Lighting: Except as varied pursuant to the Standard Industrial District Annexation 380 Agreement(if applicable)attached to the Industrial District Agreement to which this document is attached,The City will maintain public streets, including road and street lighting, within the annexed area at the same level of service now being provided to other areas of the City of Corpus Christi, Texas, with similar topography, land use, and population density. Any and all lighting of roads, streets, and alleyways that may be positioned in a right- of-way, roadway, or utility company easement shall be maintained by the applicable utility company servicing the City of Corpus Christi,Texas,pursuant to the rules,regulations, and fees of the utility. • Operation and Maintenance of Parks,Playgrounds and Swimming Pools: Currently,there are no public recreational facilities in the annexation area,including parks,playgrounds,or swimming pools. • Operation and Maintenance of any other Publicly-Owned Facility,Building, or Service: Currently,no other publicly owned facilities, buildings, or services are identified in the annexation area. If the City acquires any such facilities,buildings,or services within the annexation area,an appropriate City department will provide maintenance services. Section 3. Schedule of Services.In accordance with Texas Local Government Code § 43.0672(c),no other services are contemplated by this Service Agreement and a schedule for future services as contemplated by Texas Local Government Code § 43.0672(b)is not applicable as all services identified herein will be provided upon the effective date of annexation. Section 4.Level of Service.Nothing in this Service Agreement shall require the City to provide a uniform level of full municipal services to each area of the City,including the annexed areas,if different characteristics of topography, land use,and population density are considered a sufficient basis for providing different levels of service. Section 5.Term.The term of this Service Agreement is 10 years from the date the annexation is effective. Section 6. Vested Rights Claims. This Service Agreement is not a permit for the purposes of Texas Local Government Code Chapter 245. Section 7.Legal Construction.No subsequent change in the law regarding annexation shall affect the enforceability of this Service Agreement. If any provision in this Service Agreement is for any reason found to be unenforceable, to the extent the unenforceability does not destroy the basis of the bargain among the parties, the unenforceable provision will not affect any other provision hereof, and this Service Agreement will be construed as if the C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 20 unenforceable provision had never been a part of the Agreement. Whenever the context requires, the singular will include the plural and neuter include the masculine or feminine gender,and vice versa. Section 8. Venue and Applicable Law. Sole venue for this Service Agreement shall be in Nueces County, Texas. This Service Agreement shall be construed under and in accordance with the laws of the State of Texas. Section 9.Authority.This Service Agreement binds and inures to the benefit of the CITY,LANDOWNER,and their successors and assigns.Each party further warrants that each signatory to this Service Agreement is legally authorized to bind the respective individual or entity for the purpose established herein. EXECUTED,this the day of ,2024. CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024, by Assistant City Manager of the City of Corpus Christi, a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: Name: «LO_Signatory>> Name: Title: <<LO Signatory Title>> Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of , 2024,by«LO_Signatory», as the «L0_S1gnatory_Title» of «LO Name», a «LO Entity_State» «LO_Entity_Type», on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,2024 (seal) Notary Public C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 21 Exhibit D Form of Property Supplement to Industrial District Agreement No. This Supplement to Industrial District Agreement No. (this "Supplement") between CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY,"and«LO Name», a«LO Entity_State» «LO_Entity_Type», Landowner,«IO_Name»,a«IO_Entity_State» «IO Entity_Type»,Improvements Owner,and«L Name»,a«L Entity_State»«L Entity_Type»Lessee,hereinafter collectively called the "COMPANY," is executed on the dates of execution of this Supplement as set forth immediately above the respective signatures of the CITY and the COMPANY below, but this Supplement shall be effective on the date on which the land described in the attached Description of Additional Land attached hereto was acquired by the COMPANY (the Supplement Effective Date"). WHEREAS,reference is hereby made to Industrial District Agreement No. (the same,as heretofore amended and as heretofore supplemented,is herein called the"Industrial District Agreement")entered into on 2024,by and between the COMPANY and the CITY; and WHEREAS,the COMPANY has acquired the land described by the applicable CAD Geographic ID number in the Description of Additional Land attached hereto which is located within an Industrial District,and,the COMPANY has provided the CITY with a revised Exhibit A- Geographic ID's & CAD Type & Legal Descriptions of Land subject to this Agreement to the Industrial District Agreement that includes a complete listing by CAD Geographic ID number of such acquired land and any Improvements thereon. WHEREAS, in furtherance thereof, and as provided for in the Industrial District Agreement, the CITY and the COMPANY desire to execute and deliver this Supplement to evidence that such acquired land is made subject to the terms and provisions of the Industrial District Agreement. NOW,THEREFORE,for and in consideration of the covenants and agreements contained herein and in the Industrial District Agreement,the CITY and the COMPANY hereby agree that the land described on the attached Description of Additional Land is hereby designated to be and constitutes additional Land for purposes of the Industrial District Agreement No. and all of its exhibits effective as of the Supplement Effective Date. Each party hereto represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Supplement and all of the exhibits to the Industrial District Agreement and to obligate and bind such party to all of the terms,covenants and conditions contained in all of those documents. ENTERED into this day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation, on behalf of said corporation. C:AUsers\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6B9DA BCL@1C1A6B9D.docx 22 (seal) Notary Public LANDOWNER ATTEST: «LO Name» By: «LO Signatory)) Name: Name Title: «LO_Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 ,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name»,a«LO_Entity_State»«LO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of ,A.D.,20 . (seal) Notary Public IMPROVEMENTS OWNER ATTEST «IO_Name» By: Name: Name: JO_Signatory» Title: Title: «IO_Signatory_Title» IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 120 by «IO_Signatory», as the «IO_Signatory_Title»of«IO Name»,a«IO_Entity_State»«IO_Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 20. (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 23 Exhibit E Standard Industrial District Annexation 380 Agreement This Agreement ("Agreement") is made and entered into as of , (the "Effective Date"), by and between the CITY OF CORPUS CHRISTI, TEXAS, a Texas home-rule municipal corporation of Nueces County, Texas, hereinafter called the "CITY," and <<LO Name», a <<LO Entity_State» <<LO Entity_Type», Landowner,«IO_Name», a «IO_Entity_State» «IO Entity_Type», Improvements Owner, and <<L Name», a<<L Entity_State» <<L Entity_Type» Lessee,hereinafter collectively called the "COMPANY."pursuant to Chapter 380 of the Texas Local Government Code. WHEREAS,the COMPANY or an Affiliate thereof desires to voluntarily be annexed into the CITY limits of Corpus Christi and agreed to this voluntary annexation as a condition of entry into an industrial district agreement with CITY; and WHEREAS, the CITY has established a program in accordance with Article III, Section 52- a of the Texas Constitution and Chapter 380 of the Texas Local Government Code ("Chapter 380") under which the CITY has the authority to make loans or grants of public funds for the purposes of promoting local economic development and stimulating business and commercial activity within the CITY; and WHEREAS, the CITY has concluded and hereby finds that this Agreement promotes economic development in the CITY of Corpus Christi and, as such, meets the requirements under Chapter 380 and the CITY's established economic development program, and, further, is in the best interests of the CITY and COMPANY; and WHEREAS, the CITY recognizes the positive economic impact that the COMPANY's investment in COMPANY's industrial facility will bring to the CITY through development and diversification of the economy, reduction of unemployment and underemployment through the retention of existing jobs and the production of new jobs, and the attraction of new businesses; and as described in this Agreement; and WHEREAS, consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, CITY and the COMPANY as contemplated in this Agreement agree to work together to cause the public purposes of developing and diversifying the economy of the state, reducing unemployment or underemployment in the state, and developing or expanding transportation or commerce in the state; and WHEREAS, to ensure that the benefits the CITY provides under this Agreement are utilized in a manner consistent with Article III, Section 52-a of the Texas Constitution, Chapter 380 and other law, the COMPANY has agreed to comply with certain conditions for receiving those benefits, and WHEREAS, the CITY and the COMPANY desire to enter into this Agreement for their mutual benefit; NOW, THEREFORE, for and in consideration of the foregoing recitals and of the mutual promises, obligations, covenants and benefits herein contained,CITY and the COMPANY contract and agree as follows: Article 1. General Terms Section 1.01 Definitions. The following terms have the following meanings: a. Affiliates. As used herein shall mean: (1) all companies with respect to which the COMPANY directly or indirectly, through one or more intermediaries at the time in question, owns or has the power to exercise control over 50% or more of the stock having the right to vote for the election of directors; or (2) all corporations (or other entities) controlled by or under common control with the Company as contemplated by Section 1239(c)of the Internal Revenue Code of 1986, as amended. C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 24 b. Appeal Rebate Date. Ninety days after the termination of the COMPANY's rights to appeal the value of an appealed CAD Geographic ID via lawsuit, protest, appeal or other legal proceeding and the COMPANY's notification thereof to the CITY. c. Business Personal Property. Taxable tangible personal property, including inventories, located on the Land. d. CAD. The county appraisal district (either the Nueces County Appraisal District [NCAD] or the San Patricio County Appraisal District [SPCAD]) responsible for appraising the Land and Improvements located within the boundaries of such appraisal district. e. Calendar Year. A period of time beginning January I and ending December 31 in a numbered year. f. Existing Improvements. Improvements other than New Improvements. g. Improvements. As defined in Section 1.04(3) of the Texas Tax Code, and shall also include power generation facilities, petroleum and/or chemical refining, processing, extraction or storage facilities, structures,or equipment erected on or affixed to the land,regardless of the land ownership,and pipelines on, under, or across the land which are owned by COMPANY. Improvements include Existing Improvements and New Improvements. h. Land. "Land" shall mean the land owned by the COMPANY or its Affiliate described in Exhibit A attached to the Industrial District Agreement to which this document is attached. i. Market Value.As determined and defined by the applicable CAD. j. New Improvement. Improvements which have been affixed to the Land and Placed in Use for four or fewer Calendar Years. On the fifth calendar year after the New Improvement has been affixed to the Land or Placed in Use,it will be considered an Existing Improvement. k. Non-Appeal Rebate Date.April I following the relevant tax year or 60 days following the COMPANY's payment of ad valorem taxes for an unappealed CAD Geographic ID,whichever is later 1. Placed in Use. Improvements that are completed and placed in use and are not listed by the applicable CAD as Construction Work in Progress(CWIP). m. D »Ρer-�., The iris,-,.yemea�s and personal r ei4y as dese,-ibe her-eill. Section 1.02 Continuation of Land Use Under Sec. 43.002 Local Govt Code; Industrial Use of Land may continue; Exclusions from City Code Regulatory and Permit Requirements that may limit Industrial Use: a. CITY and COMPANY agree that Sec. 43.002,Tex. Loc. Govt. Code ("Sec. 43.002)provides that CITY may not prohibit COMPANY from continuing to use land in the manner in which the land was being used on the date the annexation proceedings were instituted. Subject to rights existing under Sec. 43.002, COMPANY and CITY mutually stipulate that the Land annexed into the City was being used at the time of annexation for uses that fall within the Heavy Industrial(IH) zoning district under the Corpus Christi City Code. CITY will, after a COMPANY request that cites this provision, promptly initiate and pursue a zoning case for the Land,without zoning fees being assessed to COMPANY,to be zoned IH(or such other zoning district that permits COMPANY's industrial activities),without the need for any additional CITY permits. b. CITY and COMPANY stipulate that, as a matter of law, Sec.43.002 guarantees to COMPANY the right to use the Land for Heavy Industrial Uses and other uses that might be authorized within the IH zone without the necessity for additional licenses,certificates,permits,approvals,or other forms of authorization,including C:\Users\ufo-prodAppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 25 but not limited to Conditional Use Permits or Special Use Permits To the extent that any court, board, commission, or other entity proposes or requests any permits or other authorizations be required as a result of annexation into the City limits,the CITY agrees to support, and if requested,request the issuance of such permits or other authorizations. c. CITY stipulates that,during the term of this Agreement and as a provision of this Agreement, the entirety of the Land will be treated as"IH"(Heavy Industrial)or equivalent zoning district for purposes of Corpus Christi City Code Section 14-231, including that Section's exemption of IH-zoned Land from the requirements of the necessity of obtaining building permits and compliance with the Technical Construction Codes of the CITY. d. Corpus Christi City Code Section 14-231 currently provides as follows, which terms the Parties agree and stipulate shall be applicable to new construction on the Land except as otherwise provided in this Section 1.02: Section 105.1.4 Building Permit Exemptions: (a)Definitions. For the purposes of this section: State or Federal Facility means a facility owned or managed by the State of Texas or the federal government. Industrial Facility means a facility used to manufacture, compound, package, process, refine, sort, test,and treat raw materials and other processed materials into finished or intermediate products and to store equipment or materials used by that industrial facility. Agricultural Facility means any structure on a tract of land larger than 10 acres used exclusively in connection with ranching or agricultural use, excluding structures used for residential, commercial, or industrial purposes. (b)Exemption.A State or Federal Facility,Industrial Facility,or Agricultural Facility may claim an exemption from the City's requirement for technical construction code permits if all connections between the aforesaid facility and the city water system are equipped with a backflow prevention device or air gap. (c)An Industrial Facility can only claim the technical construction code permit exemption if. Lthe facility or industrial processing unit is inaccessible to the general public; 2.the facility or unit is zoned IH or occupies a site of 20 or more contiguous acres; 3.the facility or structure is not within 150 feet from the I-37 right-of-way; and 4.the construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit is under a licensed professional engineer's observation and direct supervision. The licensed professional engineer will certify that all improvements meet the intent or spirit of the City's technical construction codes and life safety criteria for the occupancy as outlined in Chapter 14 of the Corpus Christi Code. (d) The building official and/or Corpus Christi Water representative has the right to inspect any installations connected to the city water system to the point of the valves or safety devices to ensure the connection to a backflow prevention device or air gap. (e) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that does not have the required technical construction code permits and does not install backflow prevention devices or air gaps at all connections to the city water system authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. (f) Any State or Federal Facility, Industrial Facility, or Agricultural Facility that fails to test or timely provide test results or maintain the required backflow prevention device in good operating condition authorizes the City to refuse to connect or the City to disconnect the connection from the city water supply system. e. Prior to annexation,none of the Land was subject to CITY ordinances;therefore,it is the intent of the Parties that no part of the Corpus Christi Code of Ordinances shall have the effect of disrupting the industrial operations of COMPANY.Accordingly,the following provisions of the Corpus Christi City Code and other rules and policies of CITY will not apply to the Land: C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 26 (1)Any provision of Chapter 13 or 14 of the City Code requiring notifications to CITY or permits to be issued by CITY,other than: (a) Section 105.1.4 of Section 14-231 of the City Code,except as modified in this section,and (b) Article V (Flood Hazard Prevention Code) of Chapter 14 of the City Code, as amended and/or renumbered. (2) Any ordinances,rules,policies, or other regulatory provisions of CITY addressing a field or area of regulation occupied by a provision of the following codes adopted by the State of Texas: Agricultural Code,Finance Code,Insurance Code,Labor Code,Natural Resources Code, and Occupations Code. (3) The provision of Section 105.1.4(c)(3), set out above, regarding a minimum distance from the I-37 right-of-way may be modified administratively for good cause upon application to the CITY Director of Development Services(or the successor to that position.) (4) The provision of Section 105.1.4(c)(4), set out above, regarding certification by a licensed professional engineer shall not be applicable to construction, assembly, disassembly, reassembly, modification, alteration, or improvement of the facility or unit provided that COMPANY represents in writing to the CITY Director of Development Services(or the successor to that position)that COMPANY conducts its operations in accordance with currently applicable industry standards and codes. This provision does not require COMPANY to make any written representation to CITY about its maintenance and operations(such as assembly,disassembly,modification,or alteration)that would not otherwise fall within CITY technical construction codes. (5) The provisions of Sec. 105.1.4 (d), (e) and (f) are modified to provide that, upon COMPANY'S request citing this section and obligation, the CITY's director of water or authorized equivalent will review the COMPANY's proposed use of an alternative backflow prevention method and determine whether that proposed method provides the same or greater level of reliability,effectiveness,and ease of verifiability at or near the City's water-connection location as a reduced pressure backflow preventer (assembly).After such review and determination,CITY and COMPANY will jointly approach the Texas Commission on Environmental Quality (TCEQ) to request TCEQ review of the proposed alternative backflow prevention method. If TCEQ approves a jointly-proposed alternative backflow prevention method,then the CITY will allow the use of said proposed alternative backflow prevention method unless the CITY determines that said proposed alternative backflow prevention method will not provide the same or greater level of reliability, effectiveness, and ease of verifiability at or near the City's water- connection location as a reduced pressure backflow preventer (assembly). After a written request by COMPANY,CITY shall provide such determination in writing by a licensed professional engineer with expertise in industrial and municipal systems that utilize backflow prevention technologies. If the CITY does not respond within 60 days of such written COMPANY request, then the request for use of said jointly-proposed,TCEQ-approved alternative backflow prevention method will be deemed approved. Section 1.03 Annexation and City Services. During the term hereof, pursuant to this Agreement, the CITY shall have no obligation to extend to the Land any utilities or other CITY services, except for services that are being provided to and paid for by the COMPANY on the Effective Date, or as otherwise stated herein. The COMPANY agrees and stipulates that the annexation is valid,and the COMPANY has no right to challenge the annexation of the Land by the CITY. 2. Term Section 2.01 Term.This Agreement shall be effective upon annexation of the Land and continue until December 31, 2039,unless terminated as herein provided or extended for additional period or periods of time upon mutual consent of the COMPANY and the CITY as provided by the Local Government Code. If this agreement becomes effective C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 27 after December 31, 2034, then the CITY will consider extending the termination date of this agreement for a period of up to 5 years. 3. Chapter-380 Rebates of City Ad A'alor-em Taxes Paid hy Compan 3. Left blank Seetion 3.01 Rebate of Ad Valer-em Taxes. Eaeh�eaf dw4tig the teff+i hefeef-,the CITY shall r-ebate a pei4ieti of ad CITY in the fellowifig afflotffits: a. The "Reimbtffsable Twi Ametmt" is the ad valor-em twies paid by the GOMPAN); to the aeeetffit of the finally weeived ffem GOMPANY en Existing improvements owned by GOMPANY on the finally r-eeeived fFem GOMPANY on New improvements &A,ned by GOMPANY on the Land. finally r-eeeived fFam GOMPANY on Business Personal Property owned by GOMPANY on .>aaaa lma+id. fitads and held for- the beaefit of the GOMPANY and GITY for- the pttr-pese of paying the GITY COMPANY,A NY hefeiiiaiter laiewii as+he "ReHibttfseffieii�Aeee b� the Nati Appeal Rebate Pate fellewiiig GOMPANY's eei4ifiea+ieii ef stteh iie appeal stattis fef la the event of an appeal, the GITY will r-ebate the r-eimbttr-sable twies to the GOMPANY by the Appeal Rebate Date. in the Reimbttr-semeat Aeeettat may be ttsed to pay wiy debts of GOMPANY owed to CITY as a r-esttk of defattit of any obligations owed by GOMPANY to CITY, and setoff is attthor-ized for-that The GITY will be the owner- of the Reimbttr-semeat Aeeettat and inter-est paid on the CAUsers\ufc-prod\AppDataALocal\Temp\BCL Tec1no1ogies\easyPDF8\CaBCLCaI C1A6E9DAC(PBCL v1 C1 A6E9D.docx 28 ■ • ♦ ♦ Y. ♦ I W,11111111 ♦11 11011111"0'.M. ■ ■ • i wail-a ■ • 1 • i ♦ ■ •, Nil • i I'm SIM WIN •�� Article 4.Default and Cessation of Operations Section 4.01 Default by CITY. If the CITY does not perform its obligations hereunder in substantial compliance with this Agreement and, if such default remains uncured for a period of 60 days after notice thereof shall have been given, in addition to the other rights under the law or given the COMPANY under this Agreement,the COMPANY may enforce specific performance of this Agreement and seek an injunction or writ of mandamus to perform obligations under this Agreement. Section 4.02 Default by COMPANY. If the COMPANY does not perform its obligations hereunder in substantial compliance with this Agreement, and, if such default remains uncured for a period of 60 days after notice thereof shall have been given or such longer period as is reasonably necessary to cure default if such default cannot be cured within 60 days not withstanding COMPANY's reasonable efforts to effectuate a cure, the CITY may terminate this Agreement and CITY's obligation to pay any funds to COMPANY under this Agreement will terminate. Section 4.03 Notice of Default.Notwithstanding anything to the contrary contained herein,in the event of any breach by either party of any of the terms or conditions of this Agreement,the non-defaulting party shall give the other party written notice specifying the nature of the alleged default, and manner in which the alleged default may be satisfactorily cured.Thereafter,the allegedly defaulting party will be afforded 60 days within which to cure the alleged default. Section 4.04 Cumulative Remedies.The remedies provided herein are cumulative,none is in lieu of any other, and any one or more or combination of the same is available.Each party,in addition to remedies expressly provided herein is entitled to any and all other remedies available at law or in equity. Section 4.05 Limitation of Liability.In no event will either party be liable to the other party hereunder for punitive, exemplary,or indirect damages,lost profits or business interruptions damages. Article 5.Description of Applicable Property Section 5.01 Description of Property. The COMPANY agrees to provide the CITY with an updated listing of Geographic ID numbers,as available from the applicable CAD,for property located on the Land,to be attached hereto and incorporated into the description of the Land on Exhibit A of the Industrial District Agreement to which this document is attached and supplements thereto,to the extent such Land has been annexed into the territorial limits of the City. rebates of ad valer-efn twies paid to the CITY. Article 6.Transfer of Land or Property to another Entity,Adding or Removing Affiliates,and Remitting Taxes Section 6.01 Sale or Lease. If the COMPANY sells or leases all or a portion of the Land or Improvements to any entity,the COMPANY shall within 90 days give notice to the CITY of said sale or lease. Section 6.02 Assignment. This Agreement may be assigned by the COMPANY to a new owner of Land only with the prior,written approval of the CITY. The CITY may choose to permit assignment and/or require the COMPANY to execute a new 380 agreement with the CITY. If the COMPANY and proposed Assignee are in compliance with all obligations to the CITY,then the CITY will not unreasonably withhold permission for assignment or execution of a new 380 agreement. The mere right to payment pursuant to this agreement may not be assigned. Section 6.03 No Third-Party Beneficiaries,Setoff.Except as specifically assigned with permission of the CITY,no entity other than CITY or COMPANY shall have any right in this agreement or funds due pursuant to this Agreement. Further,the purpose of this agreement is to incentivize the continued operation and expansion of COMPANY. If the COMPANY fails to make payments of taxes or other amounts to the City, then amounts in the Reimbursement C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 30 Account may be transferred to the CITY in satisfaction of any debts to the CITY.In the event that COMPANY ceases to do business on the Land, becomes insolvent or otherwise ceases to pay creditors as its debts becomes due, then amounts in the Reimbursement Account will inure to the CITY.Amounts in the Reimbursement Account will not be assignable, and creditors of COMPANY shall have no claim to any amounts in the Reimbursement Account or amounts otherwise owed or payable by CITY to COMPANY. Section 6.04 Adding Affiliates to Agreement.Affiliates who own property in the area of the Land may be added or removed for purposes of this Agreement . Any Affiliates added will need to agree to be governed by the terms of this agreement.The parties to this Agreement intend to prepare standardized forms to enable Affiliates to be added or removed efficiently. Article 7. Procurement Section 7.01 Buy Local. COMPANY shall use commercially reasonable efforts to acquire all of its procurements, including,but not limited to,supplies,materials,equipment,service contracts,construction contracts,and professional services contracts from businesses located within Nueces and San Patricio Counties, unless such procurements are not reasonably and competitively available within said area. COMPANY shall not be required to maintain records regarding this requirement other than those normally kept in its usual course of business. Article 8.Miscellaneous Provisions Section 8.01 Severability.In the event any word,phrase,clause, sentence,paragraph,section,article or other part of this Agreement or the application thereof to any person,firm,corporation or circumstances shall ever be held by any court of competent jurisdiction to be illegal,invalid or unconstitutional for any reason,then the application,invalidity or unconstitutionality of the word,phrase,clause,sentence,paragraph,section,article or other part of this 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. Section 8.02 Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersedes any and all prior understandings,or oral or written agreements,between the parties respecting such subject matter,except as otherwise provided in the instruments referenced herein. This Agreement may be amended only by written instrument signed by all of the parties hereto. Section 8.03 Notices. Any notice to the COMPANY or the CITY concerning the matters to which this Agreement relates may be given in writing by registered or certified mail addressed to the COMPANY or the CITY at the appropriate respective addresses set forth below.The COMPANY must notify the CITY of any change of address in writing.Notices by a party to the other party hereto,shall be mailed or delivered as follows: If to CITY: City Manager City of Corpus Christi 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone:361-826-3220 Fax:361-826-3845 With copies to: City of Corpus Christi-City Attorney 1201 Leopard P.O.Box 9277 Corpus Christi,Texas 78469-9277 Phone: 361-826-3360 Fax: 361-826-3239 If to COMPANY: «LO Name» C:\Users\ufo-prod�AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 31 «LO Notice Address» «LO_Notice_City» Phone: «LO Notice Phone» Fax: «LO Notice Fax» With copies to: «IO Name» «IO Notice Address» «IO Notice_City>> Phone: «IO Notice Phone» Fax: «IO Notice Fax» and «L Name», «L Notice Address» «L Notice_City>> Phone: «L Notice Phone» Section 8.04 Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and the sole legal venue for construction of this agreement will be in a court in Nueces County,Texas. Section 8.05 Counterparts. This Agreement may be executed in multiple counterparts, each of which is deemed an original,and all of which taken together, shall constitute but one and the same instrument,which may be sufficiently evidenced by one counterpart. Section 8.06 Authority.By acceptance of this Agreement and/or benefits conferred hereunder,each party represents and warrants to the other that its undersigned agents have complete and unrestricted authority to enter into this Agreement and to obligate and bind such party to all of the terms, covenants and conditions contained herein. The CITY waives immunity from suit pursuant to this Agreement only for the purpose of administering payments due to COMPANY pursuant to Articles 3 or 4 of this Agreement. Article 9. Chapter-380 Rebates of City Sal., Use Taxes Paid b f`....,p anj7, Left blank. Seetion 9.01 Rebate of City Sales/Use Taxes. Eaeh year-dw4ag �he tefm her-eef,� 4ie CITY shall wbale a pet4ion E) maintenanee,or-for-any other-use 4iat is limited by state law. b. For- eaek ealeiidaf yeaf sttbjeel to this Seetieti 9.01, the CITY will er-ea4e a "Reimbtir-sement Sales,'Use Tax Aeeettal" to be segr-ega4ed fFefn other- CITY funds and held for-the benefit of the COMPANY a-Rd CITY for- the piir-pese E)f paying the r-eba4e of the Reimbiir-sable Sales/Use Tax Afnetmt 1E) the C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 32 aeeettat, hefoina4efknow as the "Reimbufsemeat Sales/Use Aeee off-set any debts of COMPANY owed to CITY as a festtit of defattit of any obli COMPANY to CITY ttodef this Agfeement. Any intefest aeef+tiflg On �hipe -R-e-imbia-r-sefReat Sales/ fl. The CITY will be the owfief of the Reimbttfsemefit Sales/Use TwE Aeeottat and ifitefest paid on the COMPANY shall tefmiaa+e the COMPANY's fights, if any, to the Afads in the Reimbttfsement to tlzrre CITY, of Payment of sale ispe *_ccires-Aen tccr kable tfansaetions on the Land. a paid by the COMPANY femitted to the CITY pttfstta-at to Texas TwE Gode 3-21.101 that afe feba4able ttfide this A, nt Section 9.02 Company Sehedule of Value. On of befefe Febf+tafy -28 fellowing eaeh ealeadaf yeaf of this Agfeement, the COMPANY shall pfevide to the CITY a Swom Sekedttle of Sales,LUse Tax Paid by COMPANY fef Company. This Sehedttle shall doettffietit the salesAttse ta�E -paid by COMPANY off all t&Eable t+aiisaetiotis eti the aeeetmts sttbjeet to this Agfeeffiefft, whethef paid by COMPANY of a+i Affilia4e. The COMPANY hefe eensetits to the !'',)wpt- lle Seetion 9.03 Caletilation of Amount Due.Alithiff 30 days af4ef feEtttest by the COMPANY, fellowiiig GOMPAN3�'s pfe,vide a r-epeA to the COMPANY identifying t4e felevatit aeeottat a+id speeif�iag the amotttit then held in the Section 9.04 Audits. SalesAHse twk is attdited per-iodieally by the Comptfoller, The attdit period is of4en mttitiple years liabilitt4he feifflbtff-SefRefIt fFOM CITY to COMPANY tmder-this Agreement will be handled in the same CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLCalC1A6E9DAC(PBCL(vIC1A6E9D.docx 33 QTY. Within 90 days of weeipt of a sa4es/use twi refund, the GOMAA4A� must pr-e:vide to QTY a to CITY. IN WITNESS WHEREOF,the Parties hereto have caused this instrument to be duly executed as of the day of 120 CITY OF CORPUS CHRISTI ATTEST: Assistant City Manager City Secretary LEGAL FORM APPROVED Assistant City Attorney for City Attorney CITY OF CORPUS CHRISTI ACKNOWLEDGMENT THE STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on 2024,by Assistant City Manager of the City of Corpus Christi,a Texas home-rule municipal corporation,on behalf of said corporation. (seal) Notary Public LANDOWNER ATTEST: «LO Name)) By: Name: «LO_Signatory)) Name: Title: <LO Signatory_Title» Title: LANDOWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «LO_Signatory»,as the «LO_Signatory_Title»of«LO Name», a«LO_Entity_State» «LO Entity_Type»,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 34 IMPROVEMENTS OWNER ATTEST: «IO Name» By: Name: 40_Signatory» Naine: Title: <d0 Signatory_Title>> Title: IMPROVEMENTS OWNER ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «IO_Signatory>>,as the «IO_Signatory_Title>>of«IO Name>>,a«IO_Entity_State>> «IO_Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D.,2024 (seal) Notary Public LESSEE ATTEST: «L Name>> By: Name: <L Signatory» Name: Title: <L Signatory_Title>> Title: LESSEE ACKNOWLEDGMENT THE STATE OF § COUNTY OF § This instrument was acknowledged before me on day of 2024,by «L_Signatory»,as the «L_Signatory_Title>>of«L Name>>,a«L Entity_State» «L Entity_Type>>,on behalf of said corporation. Given under my hand and seal of office this day of A.D., 2024 (seal) Notary Public C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\emyPDF 8\ BCL@1C1A6E9D\ BCL@1C1A6E9D.docx 35 Exhibit to 380 Agr-eemen4 Cie Case assumptions F*yMeHtsiRefu DepositsiRebates G� G� No Appeal- COMPANY NY tifnel. pays inn twE payment e $25 cn into RA,then rebated by e COMPANY tifitimely pa-ys and 0 $115 twE Payment e Q5.50 into RA, then r-eba4ed by Reba4e -c coi Appeal Filed _ lti ti l $l nn itite RA Appeal ettts vaitte by 0 n $cn released to CITY COMPANY n NY timely p s fill bill e $inn initial ..�payment e 7v t;.,1 $25 cn into RA Appeal l eats.mite by 50 e Post Appeal: $cn r-efttfid a Post Appeal: $l- 7c eba4e,a I- ri. Reba4e by QT-)Lr-emaining Q t 7 '7c released to CITY _ loit .,1 $l nn iffte RA _ I ff ti l $l 00 iffte R e GOMPAN3� tiffiely p&ys. additional twE pat,fnetit md POO rebated by Appeal Reba4e additional bill Date- _ Reb a 100 _ hii6..l $l nn iffte RA GOMPAN)L ttti6ffiely pays. additional twE paymeat md WOO rebated by Appeal Reba4-e- additional bill and inetifs Cnran n rTY ti-mely p s f„ll l.;ll e $inn initial ..�p r. e Tv t;.,1 $25 cn into RA • VaItte ; s 100 e Post Appeal: $inn e Post Appeal: $25 cn added to RA • COMPANY timely pa-ys add4iotial t&i pa-yffiefft a+id $51 febated by Appeal Rebate _ Preb , 2 c c o i _ I-ait l $cn into RA e Post Appeali-tie Appeal ettts vaitte by o rt4e f t a RA by Appeal l Reba4e Da4ee _ n )a e 1004 CAUsers\ufc-prod\AppDataALocal\Temp\BCL Teclmolo-aies\easyPDF 8\,daBCLCaI C1A6E9DAC(PBCL(v 1 C1 A6E9D.docx 36 initial e l- 7 G rote RA e Post Appe Reba4e Reb e COMPANY tifnely fair-pays bill at e $50 initial ta�k payment e initial P-2.75 into RA i$04 - Post Appeal: e35 _ Post Appeal: eti 37c added to RA • Appeal etits y l„e by 25oi elnr 4Zeba4e 25 coi • Appeal l e its v mite by 75 isstted by A/i a+id ftmded Appeal Rebace Da4e;r-emu—ing CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLC 1 C1A6E9DAC(PBCL(v 1 C1 A6E9D.docx 37 Exhibit to 380 Agr-eemen4 Form of Sworn Sehedule of Snlesil4se Tax Paid by Compan zT--'ifnef-imie-: !,/tirvugh 1-2/31 r rtaet Name: Telepheffei Aar atyPbrtion Fbturn Account/ Invoice Taxable Sales/Use Wund Period Tax Payer I D' Date Pai d Vendor Number Base Tax Rate Tax Pai d F;bquested F I ed* Total * VV I I appl y to taxpayers payi ng and fi I i ng sal es/use tax For-sales t&i paid dir-eefly �a wiider-s, a eepy of the ieiider- itweiee detailiiig sales taii paid aleiig with �he sehedttle above will be pr-evided. Fef: dir-eet pay pei:ffiit holders, a4taeh a eepy of efteh SEEWS,LHse tali filing with the State aleiig with eeffiple6iig the sehedttle abolve for-eaeh individttal sales,�dse twE filing. Additional detail by vender-will be pr-evided if r-eqttested b�7 provided is aeetwa4e and within my kne dge. signatwe � (Se l4 CAUsers\ufc-prod\AppDataALocal\Temp\BCL Technologies\easyPDF 8\CaBCLC 1 C1A6E9DAC(PBCL(v 1 C1 A6E9D.docx 38 6, Industrial is i ster Agreement Council Presentation August 27, 2024 What is an Industrial District? State law allo industry to make a payment to Cities in 1' u o ation into the city limits • Designate geogr 1 istri in the ETJ • City services and re 1 are not extended into those districts • Districts encourage econo talili d growth of the City by encouraging the ocatio et tion, and expansion of Industry Location of Industrial Districts 11 7 /Porth"11� 5 8 lu Nueces Bay i,11 4 1 s 2 ,—Gorp us R61 town Co rpu- 4 _�oryua� ChrlS�l Christi ChrrsU " tot Airportoriginal t s no ere There i ID#3-the ID#3 in the Gulf - - - -. ••-• � • ID#9,10,&11 have no active agreements Industrial District History City has a 40- a istory with Industrial Districts • Currentlysignated districts in both Nueces and San Patricio ounty • City's practice is to negotiation a single master agreement for all industries within the designated districts • Current 10-year industrial d trict a ents expire on 12/31/24 • New 15-year master agreement wi 1 be effective on 1/1/25 Initial Negotiation Position • Ensure the Ci s kotected if there are legislation changes tha oul ibit the City from annexing companies in st 1 Districts • Increase the PILO r 62. to at least 73.4% for existing improvemen o io the City in the middle of the comparative cities • Increase the PILOT from 00 t % usiness Personal Property (BPP) to make the y IDA's consistent with other comparative ' es • Ensure Backflow prevention is required for all industries as part of the IDA. Negotiation Structure City negotiating egan meeting in Summer of 2023 • City Manager • City Attorney • Assistant City Manager • Chief Financial Officer • Assistant City Attorney • Director-Intergovernmental Relatio • Assistant to the City Manager • Assistant Budget Director • Administrative Support • Hugh Landrum (Hugh L Landrum & Associa es) • Mike Culbertson (CCREDC) • Matt Garcia (TXOGA) 6 Negotiation Structure • December 8, 20 - t meeting with Industry representatives where calen and;+d as discussed • January 18, 20 - ced proposed agreement terms • February 1, 2024-Re ck from Industry partners on proposed terms • February 20, 2024-City distrib e ?eement raft agreement to Industry partners • April 11, 2024-Response to proposed a received from large industry group Negotiation Structure • May 22, 2024- ee to move from the larger negotiation group to sma r ne 'a ' n teams. Agreed to meet every Thursday un a r reement is finalized. Agreed to key negotiation poi • PILOT percentage • Business Personal Pr pe Xn tions • TCEQ exemption • Voluntary Annexation Petit • Backflow Prevention • Term • Fair Pay concept Negotiation Structure • June-August • Met a to of 6 person and 5 times virtually • Updated City Co executive session at each City Council meeting du ng 'me • Successfully negotiate` ajo tract aspects Agreement Comparison Contract Provision Current Contract Proposed Contract PILOT-Land 100% 1 PILOT-New Improvements (Year 1-4 after the improvement is put in 0% 0% service) PILOT-Existing Improvements (Beginning year 5 after the improvement 62.5% 74.5% is put in service) PILOT-TCEQ Pollution Control 62 5% 0/ ° Exempt Improvements Signed voluntary annexation petition included with new contract. Will be accepted by City if: Involuntary Annex if there 1. IDA land owner defaults Annexation was a company default 2.Texas legislature approves bill that will result in the prohibition of annexation. If annexation occurs for this reason,the 380 rebate agreement will be activated. ;4 Agreement Comparison Contract Provision Current Contract Proposed Contract Term 10 year 15 year If the company files a lawsuit related to value and the CAD total cumulative value exceeds prior tax year by 20%,the Alternative Estimated PILOT company may pay an alternative estimated None(Fair Pay) PILOT of the greater of the company determined market value or 120%of the prior tax year PILOT. Final payment will be the same as under the prior agreement. Company must install backflow/airgap in Rackflow Requirements None accordance with City Plumbing Code but the City may consider alternatives per the process defined in the new agreement. Bottom Line Summary • Land PILOT re t 100% • Existing Impr eme s OT increased 19% to 74.5% • Projected to e a roximately $5.OM in additional revenue for the ty egiIsi /elu in tax year 2025 • PILOT for companies woverage will be 89.5 • Every agreement will have a tary annexation petition that can be accepted any defaults of if there is any legislative change that would prevent the City from annexing in the future. Next Steps • Today-First rea g the ordinance for the new Industrial District Maste gre e • September 3-Se r k nd adoption of the ordinance • Once adopted, Staff ill Industrial Partners to execute the new Industr r' Ma ter Agreements which will be effective January 1, 0 se 0 H v /NCORPOR 11 AGENDA MEMORANDUM 1852 Action Item for the City Council Meeting August 27, 2024 DATE: August 27, 2024 TO: Peter Zanoni, City Manager FROM: Heather Hurlbert, Assistant City Manager HeatherH3(d_)CCTexas.com (361) 826-3506 City of Corpus Christi Investment Policy and Investment Strategies CAPTION: Resolution amending and reaffirmation the City of Corpus Christi's Investment Policy and Investment Strategies for the Fiscal Year 2024-2025 SUMMARY: The Public Funds Investment Act requires an annual review by the governing body of its investment policy and adoption of a written instrument stating that it has reviewed the investment policy and investment strategies. BACKGROUND AND FINDINGS: Under Texas Government Code, Chapter 2256, Subchapter A. Authorized Investments for Governmental Entities, the State of Texas delineates the types of investments and the investment rules that must be followed by governmental entities. This chapter is often referred to as the "Public Funds Investment Act". In accordance with the Public Funds Investment Act, the governing body must approve the City's investment policy annually. The City's Investment Committee met on May 6, 2024, and voted to approve the Investment Policy as presented, with no changes. The Investment Committee is comprised of the City Manager, Chief Financial Officer, Director of Finance, Assistant Director of Finance and the Director of Management and Budget. Linda Patterson with Meeder Public Funds, the City's Investment Advisor, has also reviewed the Investment Policy and Investment Strategies. On July 16, 2024, the City Council reviewed the policy and requested that a City Council Member be added to the Investment Committee and to move diversification above yield under Section IV of the policy. The investment policy was amended as follows: Section IV, "Objectives," is amended by reordering the placement of subsections C and D, entitled "Yield" and "Diversification", respectively, as new subsections C and D, entitled "Diversification" and "Yield", respectively, without any substantive changes to the content of the subsections. Section VI, "Delegating Authority and Responsibility", subsection A, "City Council", is amended by adding the following language: "In addition, the Council is responsible for designating one or more individuals to serve as Investment Off icer(s). In accordance with the Act, the Council may retain responsibility for reviewing and approving authorized broker/dealers or designate that responsibility to the Investment Committee." Section VI, "Delegating Authority and Responsibility", subsection B, "Investment Committee", is amended effective February 1, 2025, to remove from the Investment Committee the Chief Financial Officer, Finance Director, and Assistant Finance Director. Section VI, "Delegating Authority and Responsibility", subsection B, "Investment Committee", is amended, effective February 1 , 2025, to add to the Investment Committee the Assistant City Manager over Finance and two Council Members appointed by the Mayor (one of which may be the Mayor) for a term concurrent with the member's elected term. Section VI, "Delegating Authority and Responsibility", subsection C, "Investment Officers", is amended by removing the Chief Financial Officer. ALTERNATIVES: Make no changes to the Investment Policy. FISCAL IMPACT: N/A Funding Detail: Fund: Organization/Activity: Mission Element: Project # (CIP Only): Account: RECOMMENDATION: City staff recommends approval of the resolution amending and reaffirming the City of Corpus Christi's Investment Policy and Investment Strategies for Fiscal Year 2024-2025 as presented. LIST OF SUPPORTING DOCUMENTS: City of Corpus Christi Investment Policy and Investment Strategies 2024-2025 City of Corpus Christi Investment Policy and Investment Strategies 2024-2025 (Red Line version) Resolution Resolution amending and reaffirming the City of Corpus Christi's Investment Policy and Investment Strategies for fiscal year 2024-2025. WHEREAS, the City of Corpus Christi's Investment Policy and Investment Strategies were first adopted pursuant to Resolution No. 022390 on October 24, 1995; WHEREAS, the Texas Public Funds Investment Act requires the governing body to annually review, amend as necessary, and reaffirm its investment policy and investment strategies; WHEREAS, the Investment Policy and Investment Strategies were previously reviewed and reaffirmed for fiscal year 2023-2024 pursuant to Resolution No. 033099 on July 18, 2023; and, WHEREAS, the Investment Policy and Investment Strategies were reviewed for fiscal year 2024-2025 by the Investment Committee initially on May 6, 2024, were subsequently recommended for approval with amendments and an updated reissuance date, and now are recommended for approval and reaffirmation by the City Council. Be it resolved by the City Council of the City of Corpus Christi, Texas: Section 1. The City Council has reviewed the City of Corpus Christi's Investment Policy and Investment Strategies for fiscal year 2024-2025. A copy of the Investment Policy, which contains the separate Investment Strategies for fiscal year 2024-2025, is incorporated by reference into this resolution as if set out here in its entirety. Section 2. Style and formatting changes, along with substantive amendments, are being made to the previous fiscal year's Investment Policy and Investment Strategies document, with such changes and amendments delineated and described as follows: (a) Section IV, "Objectives," is amended by reordering the placement of subsections C and D, entitled "Yield" and "Diversification", respectively, as new subsections C and D, entitled "Diversification" and "Yield", respectively, without any substantive changes to the content of the subsections, to read as follows: "C. Diversification The City will diversify its investments by maturity and market sector in an effort to avoid incurring unreasonable and avoidable market risks. D. Yield The Portfolio shall be designed with the objective of attaining a reasonable market yield taking into account the investment risk constraints and liquidity needs of the City." (b) Section VI, "Delegating Authority and Responsibility", subsection A, "City Council", is amended by adding new content in the subsection, as shown with text added as underlined below, to read as follows: "A. City Council The City Council has ultimate fiduciary responsibility for all funds. The City Council Page 1 of 3 is responsible for reviewing and adopting the Policy on no less than an annual basis. The City Council shall receive and review quarterly investment reports, approved by the Investment Committee, from the Investment Officers. In addition, the Council is responsible for designating one or more individuals to serve as Investment Officer(s). In accordance with the Act, the Council may retain responsibility for reviewing and approving authorized broker/dealers or designate that responsibility to the Investment Committee." (c) Section VI, "Delegating Authority and Responsibility", subsection B, "Investment Committee", is amended, effective February 1 , 2025, to update and revise content in the subsection, as shown with text deleted as stricken below and text added as underlined below, to read as follows: "B. Investment Committee An Investment Committee shall meet at least quarterly to review and determine operational strategies and to monitor investment results. The Investment Committee shall consist of the Cif„ Manager Chief Cinannial nffinor Qirenfer of Cin_Anne Q. Drnnie irrl'l8QRt ("Cinenne")> c iv Acbar�c cT.F8QGtG_ of Cinanne> and Direnfer of GGTTIITT Management 7r,lY R,ldne+ of the City Manager, Assistant City Manager over Finance, Director of Management and Budget, and two Council Members appointed by the Mayor (one of which may be the Mayor) for a term concurrent with the member's elected term. The Investment Committee shall include in its deliberation such topics as: economic outlook, diversification, maturity structure, risk, and performance of the portfolio. At least annually, the Investment Committee shall review, revise, and adopt a list of qualified brokers that are authorized to engage in investment transactions with the City. The Investment Committee shall be responsible for monitoring, reviewing, and making recommendations regarding the Policy to the City Council. The Investment Committee will review quarterly investment reports before submission to the City Council." (d) Section VI, "Delegating Authority and Responsibility", subsection C, "Investment Officers", is amended to update and revise the content in the subsection, as shown with text deleted as stricken below, to read as follows: "C. Investment Officers Investment Officers are designated by City Council resolution until such designation is rescinded. The authority to invest City funds and the execution of any documentation necessary is granted to the Investment Officers consisting of the Chief FiRaRGial Q#iner Director of Finance, Assistant Director of Finance, City Treasurer and Investment Analyst. The Investment Officers are responsible for the daily operation of the investment program; shall comply with this Policy, the Act, and all applicable federal, State, and City laws, rules, and regulations; and will provide complete reports to the Investment Committee on a quarterly basis. The Investment Officers will retain all documentation on investment transactions." Section 3. With the changes and amendments set out in Section 2 of this ordinance, to include an updated issuance date that coincides with the date this resolution is passed, the City Council hereby approves the City of Corpus Christi's Investment Policy and Investment Strategies for fiscal year 2024-2025, appoints the investment officers as named and authorized in the Page 2 of 3 Investment Policy and Investment Strategies, and reaffirms the continuation of the policy and strategies in full force and effect. PASSED AND APPROVED on the day of , 2024. ATTEST: Paulette Guajardo, Mayor Rebecca Huerta, City Secretary Page 3 of 3 City of Corpus Christi Investment Policy and Investment Strategies Adopted August 27, 2024 TABLE OF CONTENTS I. POLICY STATEMENT............................................................................. 1 11. SCOPE................................................................................................. 1 III. PRUDENCE......................................................................................... 2 IV. OBJECTIVES ....................................................................................... 2 V. LEGAL LIMITATIONS AND AUTHORITIES ............................................. 3 VI. DELEGATION OF AUTHORITY AND RESPONSIBILITY .......................... 3 VII. AUTHORIZED FINANCIAL INSTITUTIONS AND BROKER/DEALERS ..... 4 VIII. AUTHORIZED INVESTMENTS ........................................................... 5 IX. COLLATE RALIZATION ......................................................................... 7 X. SAFEKEEPING...................................................................................... 8 XI. INTERNAL CONTROLS ........................................................................ 8 XII. REPORTING....................................................................................... 9 XIII. DEPOSITORIES ............................................................................... 10 XIV. AUDITS AND COMPLIANCE WITH LAWS ........................................ 10 XV. INVESTMENT POLICY ADOPTION.................................................... 10 XVI. INVESTMENT STRATEGIES ........................................................... 111 APPENDIX A. RESOLUTION .................................................................................... 13 i CITY OF CORPUS CHRISTI INVESTMENT POLICY AND INVESTMENT STRATEGIES Adopted August 27, 2024 This Investment Policy ("Policy") sets forth the specific policies and guidelines and general strategy for the investment of funds of the City of Corpus Christi ("City") in order to achieve the City's goals of safety, liquidity, diversification, and yield and to preserve the public trust. This Policy satisfies the statutory requirements of the Public Funds Investment Act, Texas Government Code, Chapter 2256 ("Act") to define and adopt a formal investment policy and strategy and assures compliance with the Act. I. POLICY STATEMENT It is the policy of the City that the administration of its funds and the investment of those funds shall be handled as its highest public trust. Investments shall be made in a manner which will provide maximum security of principal invested through risk management and diversification strategies while meeting the cash flow needs of the City and conforming to all federal, State and local laws, rules and regulations governing the investment of public funds. The receipt of a reasonable yield is secondary to the requirements for safety and liquidity. Earnings from investment will be used in a manner that best serves the interests of the City. II. SCOPE This Policy governs the investment of all funds of the City as reported in the Annual Comprehensive Financial Report, except for the following: A. Employee's Retirement Fund, and B. Fireman's Retirement System. With respect to the funds of non-profit corporations that are established by City Council resolution and act on behalf of the City in accordance with State law, this Policy shall prevail in the absence of a specific investment policy adopted by the non-profit corporation. In addition to this Policy, the investment of bond proceeds and other bond funds (including debt and reserve funds) of the City or of a non-profit corporation established by the City and acting on behalf of the City in accordance with State law shall be governed and controlled by their creating ordinance, resolution or trust indenture, including the authorization of eligible investments, and by the provisions of the Internal Revenue Code of 1986, as amended, including all regulations and rulings promulgated thereunder applicable to the issuance of tax- exempt obligations. All funds in the investment portfolio ("Portfolio") of the City are managed as a pooled fund group, referenced in this Policy as the City's Pooled Fund, except the following, which are managed as separately invested assets: Page 1 of 13 A. Texas Utility System Junior Lien Revenue Improvement Bonds Escrow; B. Airport Passenger Facility Charges (PFC); and C. Law Enforcement Seized Assets. III. PRUDENCE The standard of care established by law to be used in the investment process shall be the "prudent person standard" and shall be applied in the context of managing the overall Portfolio, rather than a consideration as to the prudence of a single investment. The standard states that: Investments shall be made with judgment and care, under prevailing circumstances, that a person of prudence, discretion, and intelligence would exercise in the management of the persons own affairs, not for speculation, but for investment, considering the probable safety of capital and the probable income to be derived. IV. OBJECTIVES All funds shall be managed and invested with four primary objectives, in order of their priority: A. Safety The preservation and safety of principal is the City's foremost objective. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. Authorized investments are chosen for their high credit quality and stability. B. Liquidity The Portfolio shall remain sufficiently liquid, and retain a liquidity buffer, to assure that the City meets all reasonably anticipated expenditures. Investment decisions will be based on anticipated cash flows and only high-credit quality securities will be used for their marketability. C. Diversification The City will diversify its investments by maturity and market sector in an effort to avoid incurring unreasonable and avoidable market risks. D. Yield The Portfolio shall be designed with the objective of attaining a reasonable market yield taking into account the investment risk constraints and liquidity needs of the City. Page 2 of 13 V. LEGAL LIMITATIONS AND AUTHORITIES Specific investment parameters for the investment of public funds in Texas are found in the Act. All investments will be made in accordance with the Act, this Policy, and any applicable financial indentures or trust requirements. VI. DELEGATION OF AUTHORITY AND RESPONSIBILITY All participants in the investment process shall seek to act responsibly as custodians of the public trust. A. City Council The City Council has ultimate fiduciary responsibility for all funds. The City Council is responsible for reviewing and adopting the Policy on no less than an annual basis.The City Council shall receive and review quarterly investment reports, approved by the Investment Committee, from the Investment Officers. In addition, the Council is responsible for designating one or more individuals to serve as Investment Officer(s). In accordance with the Act, the Council may retain responsibility for reviewing and approving authorized broker/dealers or designate that responsibility to the Investment Committee. B. Investment Committee An Investment Committee shall meet at least quarterly to review and determine operational strategies and to monitor investment results. Effective February 1, 2025, the Investment Committee shall consist of the City Manager, Assistant City Manager over Finance, Director of Management and Budget and two Council Members appointed by the Mayor(one of which may be the Mayor)for a term concurrent with the member's elected term.. The Investment Committee shall include in its deliberation such topics as: economic outlook, diversification, maturity structure, risk, and performance of the portfolio. At least annually, the Investment Committee shall review, revise, and adopt a list of qualified brokers that are authorized to engage in investment transactions with the City. The Investment Committee shall be responsible for monitoring, reviewing, and making recommendations regarding the Policy to the City Council.The Investment Committee will review quarterly investment reports before submission to the City Council. C. Investment Officers Investment Officers are designated by City Council resolution until such designation is rescinded. The authority to invest City funds and the execution of any documentation necessary is granted to the Investment Officers consisting of the, Director of Finance, Assistant Director of Finance, City Treasurer and Investment Analyst. The Investment Officers are responsible for the daily operation of the investment program; shall comply with this Policy, the Act, and all applicable federal, State, and City laws, rules, and regulations; and will provide complete reports to the Investment Committee on a quarterly basis. The Investment Officers will retain all documentation on investment transactions. Each Investment Officer shall attend at least 10 hours of training within 12 months after Page 3 of 13 taking office or designation as an Investment Officer and eight hours of investment training in each succeeding two-year fiscal period. Training must be received from an independent source approved by the City's Investment Committee and must include education in investment controls, security risks, strategy risks, market risks, diversification of the investment portfolio and compliance with the Act. The Investment Officers will avoid any transaction that might impair public confidence in the City. The Investment Officers may not engage in an investment transaction except as provided under the terms of this Policy. In order to ensure quality and capability of investment management, the Investment Officers shall possess sufficient working knowledge of economics and securities markets, as well as the experience and judgment necessary to carry out the responsibilities outlined in this Policy. D. Investment Advisor The City Council may contract with an investment management firm registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.) or with the State Securities Board to provide for the investment and management of its public funds or other funds under its control.A contract made under authority of this subsection may not be for a term longer than two years. A renewal or extension of the contract must be made by the City Council by ordinance or resolution. E. Ethics and Conflicts of Interest Investment Officers shall comply with the City's Code of Ethics which requires disclosure of financial interests each year. Investment Officers shall refrain from personal business activities that could conflict with proper execution of the investment program or which could impair the ability to make impartial investment decisions. Investment Officers shall disclose to the City Council any material investment decisions and financial interests in institutions that conduct investment or banking transactions with the City. Investment Officers must file a disclosure statement with the Texas Ethics Commission and City Council if: 1. The Investment Officer has a personal business relationship with a business organization offering to engage in an investment transaction with the City (as defined in 2256.005 (i)(1-3)); or 2. The Investment Officer is related within the second degree by affinity or consanguinity, as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the City. VII. AUTHORIZED FINANCIAL INSTITUTIONS AND BROKER/DEALERS All investment transactions shall be made through the financial institutions or broker/dealers approved by the Investment Committee. No investment transactions may be entered into with a brokerage subsidiary of the City's safekeeping bank in order to perfect delivery versus payment (DVP) requirements for trade independence. Page 4of13 The Investment Officers will provide each authorized financial institution and broker/dealer a copy of this Policy to ensure that they are familiar with the goals and objectives of the City as required by the Act. Investments shall only be made with local government investment pools which have provided the City with a written certification executed by a qualified representative of the pool acknowledging that the pool has: A. Received, and thoroughly reviewed the Policy; and B. Implemented reasonable controls and procedures in an effort to preclude investment transactions not authorized by the Policy, except to the extent that this authorization is dependent on an analysis of the makeup of the City's Portfolio or requires an interpretation of subjective investment standards. The Investment Officers will request the Investment Committee authorize the deletion of financial institutions or broker/dealers for: A. Slow response time; B. Inability to compete with other authorized firms; C. Insufficient market information on technical or fundamental expectations based on economic indicators; D. Failed transactions or continuing operations difficulties; or E. Unwillingness to abide by this Policy. VIII.AUTHORIZED INVESTMENTS A. Investments Authorized investments under this Policy shall be limited to the instruments listed below as further described by the Act. If additional types of securities are approved for investment of public funds by State statute,they will not be eligible for investment by the City until this Policy has been amended and the amended version adopted by the City Council. The City is not required to liquidate investments that were authorized investments at the time of purchase (2256.017). 1. Obligations of the U.S. Government, its agencies and instrumentalities, excluding mortgage backed securities, with a maximum stated maturity of three years [2256.009(a)(1)]. 2. Fully Federal Deposit Insurance Corporation (FDIC) insured or collateralized depository certificates of deposit of a depository institution that has its main office or a branch office in Texas with a maximum maturity of two years (2256.010). 3. Fully collateralized direct repurchase agreements with a defined termination date secured in accordance with this Policy and placed through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in this State. All repurchase agreement transactions shall be governed in Page 5of13 accordance with the Act. The maximum stated maturity shall be one year with the exception of flex repurchase agreements used for bond proceeds capital projects. The flex repurchase agreement transaction shall be matched to the expenditure plan of the bonds (2256.011). 4. AAA, or equivalent, rated local government investment pools defined by the Act and striving to maintain a $1 net asset value and specifically approved for participation by a resolution of the City Council (2256.016). 5. AAA-rated, SEC registered no-load money market mutual funds which strive to maintain a $1 net asset value [2256.014(a)]. 6. Fully FDIC insured or collateralized interest-bearing depository accounts of banks in Texas [2256.009(a)(7)]. 7. General debt obligations of any U.S. states, agencies, counties, cities, and other political subdivisions of any state rated no less than A by a nationally recognized rating agency and with a maximum stated maturity of three years [2256.009(a)(5)]. 8. FDIC insured brokered certificate of deposit securities from a bank in any U.S. state, DVP to the City's safekeeping agent, not to exceed two years to maturity. Before purchase, the Investment Officers must verify the FDIC status of the bank on www.fdic.gov to assure the bank is FDIC insured [2256.010(b)]. 9. A101,or equivalent, rated commercial paper with a maximum maturity of 270 days subject to meeting one of the two stated conditions in Sec. 2256.013. (2256.013). 10. Guaranteed investment contracts with a maximum maturity of two years and executed in accordance with the Act (2256.015). 11. Securities lending transactions with primary dealers or banks doing business in Texas in accordance with the Act (2256.0115). B. Competitive Bidding Requirement It is the policy of the City to require competitive bidding for all security purchases and sales, except for: 1. Transactions with money market mutual funds and local government investment pools; 2. Treasury and agency securities purchased at issue; 3. Automatic overnight "sweep" transactions with the city depository; and 4. Repurchase agreements. Two or more bids or offers must be solicited for all other transactions involving individual securities with the exception of guaranteed investment contracts, which require at least three bids or offers. In situations where the exact security is not offered by other dealers, offers on the closest comparable investment may be used to establish a fair market price for the security. Certificates of deposit may be solicited in any manner permitted by the Act. C. DVP Requirement All transactions, excluding local government investment pool and mutual fund transactions, shall be conducted on a DVP basis. Page 6of13 IX. COLLATERALIZATION The City requires that all uninsured collected balances plus accrued interest, if any, in depository accounts be secured in accordance with the requirements of the Depository Services Agreement, this Policy, the Public Funds Collateral Act (Texas Government Code, Chapter 2257), and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. A. Time and Demand Deposit Pledged Collateral Consistent with State law, the City requires all bank time and demand deposits to be federally insured and collateralized above federal insurance coverage with eligible securities. Depository collateral is pledged to and not owned by the City. All collateral shall be held by independent third-party custodian(s) approved by the City under an executed collateral agreement with the pledging bank. The custodian(s) shall provide a monthly report of the collateral.The value of pledged securities must be at least 102%of deposits including accrued interest. Eligible collateral securities shall only include: 1. Obligations of the U.S. Government, its agencies and instrumentalities, including mortgage backed securities and collateralized mortgage obligations passing the Federal Reserve bank test, 2. Obligations of states, agencies, counties, cities, and other political subdivisions of any state rated not less than A by a nationally recognized rating agency, or 3. Irrevocable letters of credit issued to the City by a federal home loan bank. The City's Investment Officers reserve the right to accept or reject any form of collateral or enhancement at their sole discretion. Collate raIization often requires substitution. The substituted collateral's market value will be calculated and, if its market value is equal to or greater than the required collateral value, the substitution is allowed. Substitutions should be limited to minimize the City's transactional recording requirements. Should the collateral's market value exceed the required amount, the pledging Institution may request approval from an Investment Officerto reduce collateral.Collateral reductions may be permitted only if the City's records indicate that the total collateral market value exceeds the required amount. B. Repurchase Agreements Owned Collateral Collateral under a repurchase agreement is owned by the City(2256.011). It will be held by an independent third-party safekeeping institution approved by the City under an executed Bond Market Master Repurchase Agreement. Securities (collateral) with a market value totaling 102% of the principal and accrued interest of the repurchase agreement is Page 7of13 required, and the third-party is responsible for the monitoring and maintaining of collateral and margins daily. Authorized collateral for repurchase agreements will include only: 1. Cash; 2. Obligations of the U.S. Government, its agencies and instrumentalities including mortgage-backed securities and CMO which pass the bank test; or 3. Debt obligations of any U.S. state or U.S. state sub-division rated A or better by at least one nationally recognized rating agency. X. SAFEKEEPING The City shall maintain safekeeping with its banking institution or other banks for the safekeeping of City-owned securities (including those owned under a repurchase agreement or guaranteed investment contract). All collateral must be held in the City's name and must be so reflected on the safekeeping receipts. All security transactions shall be settled on a DVP basis by the safekeeping institution (2256.005). Securities shall not be held in any brokerage account. Securities shall not be bought from the City's depository bank in order to provide perfected DVP. The safekeeping institution shall be required to issue safekeeping receipts listing each specific security, rate, description, maturity, Committee on Uniform Security Identification Procedures (CUSIP) number, and other pertinent information which will be maintained by the Investment Officers. XI. INTERNAL CONTROLS The Investment Officers will maintain controls to regulate the activities of the investment program in accordance with this Policy.The controls shall be designed to prevent loss of funds due to fraud, employee error, misrepresentation by third parties, unanticipated market changes, or imprudent actions. Internal controls deemed most important would include: competitive bidding, control of collusion, separation of duties, safekeeping, delegation of authority, and documentation. In conjunction with the annual financial audit, a compliance audit of management controls on investments and adherence to this Policy shall be performed. A. Cash Flow Forecasting Cash flow analysis and forecasting is designed to protect and sustain cash flow requirements of the City. Executive management of the City will inform the Investment Officers of anticipated cash flows which will be used for cash flow and investment purposes. B. Loss of Rating The Investment Officers shall monitor the credit rating on all authorized investments in the Page 8of13 portfolio which require ratings by policy or law. Ratings will be based upon independent information from a nationally recognized rating agency. An investment that requires a minimum rating under the Act does not qualify as an authorized investment during the period the investment does not have the minimum rating. The City shall take all prudent measures that are consistent with this Policy to liquidate an investment that does not have the minimum rating. If any security falls below the minimum rating required by Policy or law, the Investment Officers shall notify the Committee of the loss of rating, conditions affecting the rating and possible loss of principal with liquidation options available, within one week after the loss of the required rating (2256.021). C. Monitoring FDIC Coverage The Investment Officers shall monitor, on no less than a weekly basis, the status and ownership of all banks issuing brokered certificates of deposit owned by the City based upon information from the FDIC. If any bank has been acquired or merged with another bank in which brokered certificates of deposit are owned by the City, the Investment Officers shall immediately liquidate any brokered certificate of deposit which places the City above the FDIC insurance level. XII. REPORTING In accordance with the Act (2256.023), not less than quarterly, the Investment Officers shall prepare and submit to the Investment Committee and City Council a written report of investment transactions for all funds covered by the Act and this Policy for the preceding reporting period within a reasonable time after the end of the period. The report must: A. Describe in detail the investment position of the portfolio on the date of the report; B. Be prepared jointly by all Investment Officers of the City; C. Be signed by each Investment Officer of the City; D. Contain a summary statement of each pooled fund group that states the: 1. Beginning market value for the reporting period; 2. Ending market value for the period; and 3. Fully accrued interest for the reporting period; E. State the book value and market value of each separately invested asset at the end of the reporting period by the type of asset and fund type invested; F. State the maturity date of each separately invested asset that has a maturity date; G. State the account or fund or pooled group fund in City for which each individual investment was acquired; and H. State the compliance of the investment portfolio of the City as it relates to: 1. The investment strategy expressed in this Policy; and 2. Relevant provisions of Section 2256.023 of the Act. The quarterly reports prepared by the Investment Officers shall be formally reviewed at least annually by an independent auditor, and the result of the review shall be reported to City Council by that auditor. Page 9of13 In addition to quarterly reports, the Investment Officers will submit to the Director of Finance the following reports on a monthly basis: A. Cash position by bank account; B. Collateral position; and C. Investment transaction. Market prices for market value calculations shall be obtained from nationally recognized securities databases including those provided by the City's depository bank through its safekeeping services and Bloomberg Professional Services. XIII. DEPOSITORIES The City designates one banking institution for banking services through a competitive process at least every five years. Written depository agreements shall be executed before funds are transferred. XIV. AUDITS AND COMPLIANCE WITH LAWS Each banking institution agrees to comply with all federal, State, and local laws, rules, and regulations. The personnel or officers of such institution shall be fully qualified and authorized under federal, State, and local law to perform the services set out under this Policy. Each institution shall permit the Investment Officers to audit, examine, and make excerpts or transcripts from such records of all contracts, invoices, materials, and other data relating to applicable investments. XV. INVESTMENT POLICY ADOPTION The City Council shall review and adopt by resolution its Investment Policy and Investment Strategies not less than annually, and the approving resolution shall designate any changes made to the Policy and Strategies. Page 10 of 13 XVI. INVESTMENT STRATEGIES The City's Investment Portfolio ("Portfolio") will be designed and managed based on projected cash flows to provide for all anticipated and projected cash needs for each fund. The Portfolio is to be managed pro-actively considering ongoing market changes but is essentially a buy-and- hold portfolio. Information on expected expenditures from the executive management of the City will be incorporated into investment decisions. The overall investment program shall be designed and managed with a degree of professionalism worthy of public trust. The investment strategy for funds established after the annual Policy adoption will be managed in accordance with the terms of this Policy and applicable agreements until a specific strategy is reviewed and adopted. A. Pooled Fund Strategy The City's Pooled Fund is an aggregation of City funds which include tax receipts, enterprise revenue, fine and fee revenues, as well as, bond proceeds, grants, gifts, and endowments. The City's Pooled Fund may include funds from various Corporations associated with the City which receive income distributions from their pro-rata share of the full fund group. The City's Pooled Fund is maintained to meet anticipated daily cash needs for City operations, capital projects, and debt service payments. The objectives of this fund are to: 1. Ensure safety of principal by investing only in high-credit quality investments for which a strong secondary market exists which are designed to assure on-going suitability and marketability of such investments; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Limit market and credit risk through diversification; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy. The City's Pooled Fund shall have a maximum dollar-weighted average maturity (WAM) of one year (365 days) designed to meet anticipated cash flow needs. The fund shall be laddered based on cash flow analysis to provide ongoing liquidity for anticipated needs and provide for reasonable extension. A minimum of 15% of the City's Pooled Fund shall be held in cash or cash equivalents for liquidity and no more than 40% may be invested longer than one year. Changes in City cash flows may change percentage representations over time. Unless approved by the Investment Committee, the target percentages specified shall not be exceeded for a temporary period greater than thirty (30) days without the Investment Officers taking corrective action. The risks in the City's Pooled Fund shall be measured quarterly against a risk benchmark designed to mirror the authorized market investments and the City's cash flow requirements. Because this fund is dictated by cash flow needs, the benchmark becomes a measure of risk which reflects the primary market rates matched to the WAM. With a maximum WAM of one year, the risk benchmark is established as the one-year Treasury Bill for the comparable period. The fund should track the risk benchmark but will naturally Page 11 of 13 lag as market interest rates, which adjust daily, move. B. Texas Utility System Junior Lien Revenue Improvement Bonds Escrow Fund Strategy This escrow fund was established pursuant to an escrow agreement dated as of August 29, 2017 with The Bank of New York Mellon Trust Company, N.A. Escrow will be maintained with The Bank of New York Mellon Trust Company, N.A. in investments authorized by the Act and this Policy. The objectives of this fund are to: 1. Ensure safety of principal by investing only in high credit quality investments for which a strong secondary market exists; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Manage market and credit risk through diversification of investments and the requirement of AAA ratings; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy and the escrow agreement. C. Airport Passenger Facility Charges (PFC) Fund Strategy The Airport PFC Fund is revenue comprised of fees imposed as authorized by The Aviation Safety and Capacity Expansion Act of 1190 (Public Law 101-508, Title II, Subtitle B). The revenue is segregated as required by the Passenger Facility Charge Audit Guide for Public Agencies, issued by the Federal Aviation Administration.The objectives of this fund are to: 1. Ensure safety of principal by investing only in high credit quality investments for which a strong secondary market exists; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Manage market and credit risk through diversification of investments and the requirement of AAA ratings; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy and the escrow agreement. D. Law Enforcement Seized Assets Fund Strategy The Law Enforcement Seized Assets Fund is comprised of seized contraband money that, per the Code of Criminal Procedure, Chapter 59, Article 8, may be deposited in an interest- bearing bank account in the jurisdiction of the attorney representing the State until final judgment is rendered concerning the contraband. The objective of this fund is to ensure safety of principal by investing only in a fully FDIC-insured or collateralized interest-bearing depository account of banks in Texas. Since the revenue will only be deposited into this type of investment, there is no liquidity risk, market risk, diversification risk, nor credit risk. Page 12 of 13 City of Corpus Christi Investment Policy and Investment Strategies Adopted ,;.Sy , ° 2^' �Au¢ust 27. 2024 TABLE OF CONTENTS I. POLICY STATEMENT............................................................................. 1 11. SCOPE................................................................................................. 1 III. PRUDENCE......................................................................................... 2 IV. OBJECTIVES ....................................................................................... 2 V. LEGAL LIMITATIONS AND AUTHORITIES ............................................. 3 VI. DELEGATION OF AUTHORITY AND RESPONSIBILITY .......................... 3 VII. AUTHORIZED FINANCIAL INSTITUTIONS AND BROKER/DEALERS ..... 4 VIII. AUTHORIZED INVESTMENTS ........................................................... 5 IX. COLLATE RALIZATION ......................................................................... 7 X. SAFEKEEPING...................................................................................... 8 XI. INTERNAL CONTROLS ........................................................................ 8 XII. REPORTING....................................................................................... 9 XIII. DEPOSITORIES ............................................................................... 10 XIV. AUDITS AND COMPLIANCE WITH LAWS ........................................ 10 XV. INVESTMENT POLICY ADOPTION................................................ 1010 XVI. INVESTMENT STRATEGIES ......................................................... 1244 APPENDIX A. RESOLUTION .................................................................................... 13 i CITY OF CORPUS CHRISTI INVESTMENT POLICY AND INVESTMENT STRATEGIES Adopted dw;y16z'zAzz418, 20-2-3 August 27. 2024 This Investment Policy ("Policy") sets forth the specific policies and guidelines and general strategy for the investment of funds of the City of Corpus Christi ("City") in order to achieve the City's goals of safety, liquidity, diversification, and yield and to preserve the public trust. This Policy satisfies the statutory requirements of the Public Funds Investment Act, Texas Government Code, Chapter 2256 ("Act") to define and adopt a formal investment policy and strategy and assures compliance with the Act. I. POLICY STATEMENT It is the policy of the City that the administration of its funds and the investment of those funds shall be handled as its highest public trust. Investments shall be made in a manner which will provide maximum security of principal invested through risk management and diversification strategies while meeting the cash flow needs of the City and conforming to all federal, State and local laws, rules and regulations governing the investment of public funds. The receipt of a reasonable yield is secondary to the requirements for safety and liquidity. Earnings from investment will be used in a manner that best serves the interests of the City. II. SCOPE This Policy governs the investment of all funds of the City as reported in the Annual Comprehensive Financial Report, except for the following: A. Employee's Retirement Fund, and B. Fireman's Retirement System. With respect to the funds of non-profit corporations that are established by City Council resolution and act on behalf of the City in accordance with State law, this Policy shall prevail in the absence of a specific investment policy adopted by the non-profit corporation. In addition to this Policy, the investment of bond proceeds and other bond funds (including debt and reserve funds) of the City or of a non-profit corporation established by the City and acting on behalf of the City in accordance with State law shall be governed and controlled by their creating ordinance, resolution or trust indenture, including the authorization of eligible investments, and by the provisions of the Internal Revenue Code of 1986, as amended, including all regulations and rulings promulgated thereunder applicable to the issuance of tax- exempt obligations. All funds in the investment portfolio ("Portfolio") of the City are managed as a pooled fund group, referenced in this Policy as the City's Pooled Fund, except the following, which are managed as separately invested assets: Page 1 of 13 A. Texas Utility System Junior Lien Revenue Improvement Bonds Escrow; B. Airport Passenger Facility Charges (PFC); and C. Law Enforcement Seized Assets. III. PRUDENCE The standard of care established by law to be used in the investment process shall be the "prudent person standard" and shall be applied in the context of managing the overall Portfolio, rather than a consideration as to the prudence of a single investment. The standard states that: Investments shall be made with judgment and care, under prevailing circumstances, that a person of prudence, discretion, and intelligence would exercise in the management of the persons own affairs, not for speculation, but for investment, considering the probable safety of capital and the probable income to be derived. IV. OBJECTIVES All funds shall be managed and invested with four primary objectives, in order of their priority: A. Safety The preservation and safety of principal is the City's foremost objective. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. Authorized investments are chosen for their high credit quality and stability. B. Liquidity The Portfolio shall remain sufficiently liquid, and retain a liquidity buffer, to assure that the City meets all reasonably anticipated expenditures. Investment decisions will be based on anticipated cash flows and only high-credit quality securities will be used for their marketability. C. Diversification The City will diversify its investments by maturity and market sector in an effort to avoid incurring unreasonable and avoidable market risks. QD. Yield The Portfolio shall be designed with the objective of attaining a reasonable market yield taking into account the investment risk constraints and liquidity needs of the City. Page 2 of 13 V. LEGAL LIMITATIONS AND AUTHORITIES Specific investment parameters for the investment of public funds in Texas are found in the Act. All investments will be made in accordance with the Act, this Policy, and any applicable financial indentures or trust requirements. VI. DELEGATION OF AUTHORITY AND RESPONSIBILITY All participants in the investment process shall seek to act responsibly as custodians of the public trust. A. City Council The City Council has ultimate fiduciary responsibility for all funds. The City Council is responsible for reviewing and adopting the Policy on no less than an annual basis.The City Council shall receive and review quarterly investment reports, approved by the Investment Committee, from the Investment Officers. In addition, the Council is responsible for designating one or more individuals to serve as Investment Officer(s). In accordance with the Act, the Council may retain responsibility for reviewing and approving authorized broker/dealers or designate that responsibility to the Investment Committee. B. Investment Committee An Investment Committee shall meet at least quarterly to review and determine operational strategies and to monitor investment results. Effective February 1, 2025, Tthe Investment Committee shall consist of the Gity Maig,ge Chief P;ig,ige;,' Q:ffie ,. n;.-,.e-te- - A#�0R;;RA2 R. (Prr^ee6iFe19 eRt r-r iRaRee"), A5sist;; t-Pir2et9r ef PiRarree, and Pir2et9r of Management and Budget of the City Manager, Assistant City Manager over Finance,Director of Management and Budget and two Council Members appointed by the Ma. or one of which may be the Maw) for a term concurrent with the member's elected term.. The Investment Committee shall include in its deliberation such topics as: economic outlook, diversification, maturity structure, risk, and performance of the portfolio.At least annually, the Investment Committee shall review, revise, and adopt a list of qualified brokers that are authorized to engage in investment transactions with the City. The Investment Committee shall be responsible for monitoring, reviewing, and making recommendations regarding the Policy to the City Council. The Investment Committee will review quarterly investment reports before submission to the City Council. C. Investment Officers Investment Officers are designated by City Council resolution until such designation is rescinded. The authority to invest City funds and the execution of any documentation Page 3 of 13 necessary is granted to the Investment Officers consisting of the , Director of Finance, Assistant Director of Finance, City Treasurer and Investment Analyst. The Investment Officers are responsible for the daily operation of the investment program; shall comply with this Policy, the Act, and all applicable federal, State, and City laws, rules, and regulations; and will provide complete reports to the Investment Committee on a quarterly basis. The Investment Officers will retain all documentation on investment transactions. Each Investment Officer shall attend at least 10 hours of training within 12 months after taking office or designation as an Investment Officer and eight hours of investment training in each succeeding two-year fiscal period. Training must be received from an independent source approved by the City's Investment Committee and must include education in investment controls, security risks, strategy risks, market risks, diversification of the investment portfolio and compliance with the Act. The Investment Officers will avoid any transaction that might impair public confidence in the City. The Investment Officers may not engage in an investment transaction except as provided under the terms of this Policy. In order to ensure quality and capability of investment management, the Investment Officers shall possess sufficient working knowledge of economics and securities markets, as well as the experience and judgment necessary to carry out the responsibilities outlined in this Policy. D. Investment Advisor The City Council may contract with an investment management firm registered under the Investment Advisers Act of 1940 (15 U.S.C. Section 80b-1 et seq.) or with the State Securities Board to provide for the investment and management of its public funds or other funds under its control.A contract made under authority of this subsection may not be for a term longer than two years. A renewal or extension of the contract must be made by the City Council by ordinance or resolution. E. Ethics and Conflicts of Interest Investment Officers shall comply with the City's Code of Ethics which requires disclosure of financial interests each year. Investment Officers shall refrain from personal business activities that could conflict with proper execution of the investment program or which could impair the ability to make impartial investment decisions. Investment Officers shall disclose to the City Council any material investment decisions and financial interests in institutions that conduct investment or banking transactions with the City. Investment Officers must file a disclosure statement with the Texas Ethics Commission and City Council if: 1. The Investment Officer has a personal business relationship with a business organization offering to engage in an investment transaction with the City (as defined in 2256.005 (i)(1-3)); or 2. The Investment Officer is related within the second degree by affinity or Page 4of13 consanguinity, as determined under Chapter 573 of the Texas Government Code, to an individual seeking to transact investment business with the City. VII. AUTHORIZED FINANCIAL INSTITUTIONS AND BROKER/DEALERS All investment transactions shall be made through the financial institutions or broker/dealers approved by the Investment Committee. No investment transactions may be entered into with a brokerage subsidiary of the City's safekeeping bank in order to perfect delivery versus payment (DVP) requirements for trade independence. The Investment Officers will provide each authorized financial institution and broker/dealer a copy of this Policy to ensure that they are familiar with the goals and objectives of the City as required by the Act. Investments shall only be made with local government investment pools which have provided the City with a written certification executed by a qualified representative of the pool acknowledging that the pool has: A. Received, and thoroughly reviewed the Policy; and B. Implemented reasonable controls and procedures in an effort to preclude investment transactions not authorized by the Policy, except to the extent that this authorization is dependent on an analysis of the makeup of the City's Portfolio or requires an interpretation of subjective investment standards. The Investment Officers will request the Investment Committee authorize the deletion of financial institutions or broker/dealers for: A. Slow response time; B. Inability to compete with other authorized firms; C. Insufficient market information on technical or fundamental expectations based on economic indicators; D. Failed transactions or continuing operations difficulties; or E. Unwillingness to abide by this Policy. VIII.AUTHORIZED INVESTMENTS A. Investments Authorized investments under this Policy shall be limited to the instruments listed below as further described by the Act. If additional types of securities are approved for investment of public funds by State statute,they will not be eligible for investment by the City until this Policy has been amended and the amended version adopted by the City Council. The City is not required to liquidate investments that were authorized investments at the time of purchase (2256.017). 1. Obligations of the U.S. Government, its agencies and instrumentalities, excluding Page 5of13 mortgage backed securities, with a maximum stated maturity of three years [2256.009(a)(1)]. 2. Fully Federal Deposit Insurance Corporation (FDIC) insured or collateralized depository certificates of deposit of a depository institution that has its main office or a branch office in Texas with a maximum maturity of two years (2256.010). 3. Fully collateralized direct repurchase agreements with a defined termination date secured in accordance with this Policy and placed through a primary government securities dealer, as defined by the Federal Reserve, or a financial institution doing business in this State. All repurchase agreement transactions shall be governed in accordance with the Act. The maximum stated maturity shall be one year with the exception of flex repurchase agreements used for bond proceeds capital projects. The flex repurchase agreement transaction shall be matched to the expenditure plan of the bonds (2256.011). 4. AAA, or equivalent, rated local government investment pools defined by the Act and striving to maintain a $1 net asset value and specifically approved for participation by a resolution of the City Council (2256.016). 5. AAA-rated, SEC registered no-load money market mutual funds which strive to maintain a $1 net asset value [2256.014(a)]. 6. Fully FDIC insured or collateralized interest-bearing depository accounts of banks in Texas [2256.009(a)(7)]. 7. General debt obligations of any U.S. states, agencies, counties, cities, and other political subdivisions of any state rated no less than A by a nationally recognized rating agency and with a maximum stated maturity of three years [2256.009(a)(5)]. 8. FDIC insured brokered certificate of deposit securities from a bank in any U.S. state, DVP to the City's safekeeping agent, not to exceed two years to maturity. Before purchase, the Investment Officers must verify the FDIC status of the bank on www.fdic.gov to assure the bank is FDIC insured [2256.010(b)]. 9. Al/P1,or equivalent, rated commercial paper with a maximum maturity of 270 days subject to meeting one of the two stated conditions in Sec. 2256.013. (2256.013). 10. Guaranteed investment contracts with a maximum maturity of two years and executed in accordance with the Act (2256.015). 11. Securities lending transactions with primary dealers or banks doing business in Texas in accordance with the Act (2256.0115). B. Competitive Bidding Requirement It is the policy of the City to require competitive bidding for all security purchases and sales, except for: 1. Transactions with money market mutual funds and local government investment pools; 2. Treasury and agency securities purchased at issue; 3. Automatic overnight "sweep" transactions with the city depository; and 4. Repurchase agreements. Two or more bids or offers must be solicited for all other transactions involving individual Page 6of13 securities with the exception of guaranteed investment contracts, which require at least three bids or offers. In situations where the exact security is not offered by other dealers, offers on the closest comparable investment may be used to establish a fair market price for the security. Certificates of deposit may be solicited in any manner permitted by the Act. C. DVP Requirement All transactions, excluding local government investment pool and mutual fund transactions, shall be conducted on a DVP basis. IX. COLLATERALIZATION The City requires that all uninsured collected balances plus accrued interest, if any, in depository accounts be secured in accordance with the requirements of the Depository Services Agreement, this Policy, the Public Funds Collateral Act (Texas Government Code, Chapter 2257), and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. A. Time and Demand Deposit Pledged Collateral Consistent with State law, the City requires all bank time and demand deposits to be federally insured and collateralized above federal insurance coverage with eligible securities. Depository collateral is pledged to and not owned by the City. All collateral shall be held by independent third-party custodian(s) approved by the City under an executed collateral agreement with the pledging bank. The custodian(s) shall provide a monthly report of the collateral.The value of pledged securities must be at least 102%of deposits including accrued interest. Eligible collateral securities shall only include: 1. Obligations of the U.S. Government, its agencies and instrumentalities, including mortgage backed securities and collateralized mortgage obligations passing the Federal Reserve bank test, 2. Obligations of states, agencies, counties, cities, and other political subdivisions of any state rated not less than A by a nationally recognized rating agency, or 3. Irrevocable letters of credit issued to the City by a federal home loan bank. The City's Investment Officers reserve the right to accept or reject any form of collateral or enhancement at their sole discretion. Collate raIization often requires substitution. The substituted collateral's market value will be calculated and, if its market value is equal to or greater than the required collateral value, the substitution is allowed. Substitutions should be limited to minimize the City's transactional recording requirements. Should the collateral's market value exceed the required amount, the pledging Institution Page 7of13 may request approval from an Investment Officer to reduce collateral.Collateral reductions may be permitted only if the City's records indicate that the total collateral market value exceeds the required amount. B. Repurchase Agreements Owned Collateral Collateral under a repurchase agreement is owned by the City(2256.011). It will be held by an independent third-party safekeeping institution approved by the City under an executed Bond Market Master Repurchase Agreement. Securities (collateral) with a market value totaling 102% of the principal and accrued interest of the repurchase agreement is required, and the third-party is responsible for the monitoring and maintaining of collateral and margins daily. Authorized collateral for repurchase agreements will include only: 1. Cash; 2. Obligations of the U.S. Government, its agencies and instrumentalities including mortgage-backed securities and CMO which pass the bank test; or 3. Debt obligations of any U.S. state or U.S. state sub-division rated A or better by at least one nationally recognized rating agency. X. SAFEKEEPING The City shall maintain safekeeping with its banking institution or other banks for the safekeeping of City-owned securities (including those owned under a repurchase agreement or guaranteed investment contract). All collateral must be held in the City's name and must be so reflected on the safekeeping receipts. All security transactions shall be settled on a DVP basis by the safekeeping institution (2256.005). Securities shall not be held in any brokerage account. Securities shall not be bought from the City's depository bank in order to provide perfected DVP. The safekeeping institution shall be required to issue safekeeping receipts listing each specific security, rate, description, maturity, Committee on Uniform Security Identification Procedures (CUSIP) number, and other pertinent information which will be maintained by the Investment Officers. XI. INTERNAL CONTROLS The Investment Officers will maintain controls to regulate the activities of the investment program in accordance with this Policy.The controls shall be designed to prevent loss of funds due to fraud, employee error, misrepresentation by third parties, unanticipated market changes, or imprudent actions. Internal controls deemed most important would include: competitive bidding, control of collusion, separation of duties, safekeeping, delegation of authority, and documentation. In conjunction with the annual financial audit, a compliance audit of management controls on investments and adherence to this Policy shall be performed. Page 8of13 A. Cash Flow Forecasting Cash flow analysis and forecasting is designed to protect and sustain cash flow requirements of the City. Executive management of the City will inform the Investment Officers of anticipated cash flows which will be used for cash flow and investment purposes. B. Loss of Rating The Investment Officers shall monitor the credit rating on all authorized investments in the portfolio which require ratings by policy or law. Ratings will be based upon independent information from a nationally recognized rating agency. An investment that requires a minimum rating under the Act does not qualify as an authorized investment during the period the investment does not have the minimum rating. The City shall take all prudent measures that are consistent with this Policy to liquidate an investment that does not have the minimum rating. If any security falls below the minimum rating required by Policy or law, the Investment Officers shall notify the Committee of the loss of rating, conditions affecting the rating and possible loss of principal with liquidation options available, within one week after the loss of the required rating (2256.021). C. Monitoring FDIC Coverage The Investment Officers shall monitor, on no less than a weekly basis, the status and ownership of all banks issuing brokered certificates of deposit owned by the City based upon information from the FDIC. If any bank has been acquired or merged with another bank in which brokered certificates of deposit are owned by the City, the Investment Officers shall immediately liquidate any brokered certificate of deposit which places the City above the FDIC insurance level. XII. REPORTING In accordance with the Act (2256.023), not less than quarterly, the Investment Officers shall prepare and submit to the Investment Committee and City Council a written report of investment transactions for all funds covered by the Act and this Policy for the preceding reporting period within a reasonable time after the end of the period. The report must: A. Describe in detail the investment position of the portfolio on the date of the report; B. Be prepared jointly by all Investment Officers of the City; C. Be signed by each Investment Officer of the City; D. Contain a summary statement of each pooled fund group that states the: 1. Beginning market value for the reporting period; 2. Ending market value for the period; and 3. Fully accrued interest for the reporting period; E. State the book value and market value of each separately invested asset at the end of the reporting period by the type of asset and fund type invested; F. State the maturity date of each separately invested asset that has a maturity date; Page 9of13 G. State the account or fund or pooled group fund in City for which each individual investment was acquired; and H. State the compliance of the investment portfolio of the City as it relates to: 1. The investment strategy expressed in this Policy; and 2. Relevant provisions of Section 2256.023 of the Act. The quarterly reports prepared by the Investment Officers shall be formally reviewed at least annually by an independent auditor, and the result of the review shall be reported to City Council by that auditor. In addition to quarterly reports, the Investment Officers will submit to the Director of Finance the following reports on a monthly basis: A. Cash position by bank account; B. Collateral position; and C. Investment transaction. Market prices for market value calculations shall be obtained from nationally recognized securities databases including those provided by the City's depository bank through its safekeeping services and Bloomberg Professional Services. XIII. DEPOSITORIES The City designates one banking institution for banking services through a competitive process at least every five years. Written depository agreements shall be executed before funds are transferred. XIV. AUDITS AND COMPLIANCE WITH LAWS Each banking institution agrees to comply with all federal, State, and local laws, rules, and regulations. The personnel or officers of such institution shall be fully qualified and authorized under federal, State, and local law to perform the services set out under this Policy. Each institution shall permit the Investment Officers to audit, examine, and make excerpts or transcripts from such records of all contracts, invoices, materials, and other data relating to applicable investments. XV. INVESTMENT POLICY ADOPTION The City Council shall review and adopt by resolution its Investment Policy and Investment Strategies not less than annually, and the approving resolution shall designate any changes made to the Policy and Strategies. Page 10 of 13 Page 11 of 13 XVI. INVESTMENT STRATEGIES The City's Investment Portfolio ("Portfolio") will be designed and managed based on projected cash flows to provide for all anticipated and projected cash needs for each fund. The Portfolio is to be managed pro-actively considering ongoing market changes but is essentially a buy-and- hold portfolio. Information on expected expenditures from the executive management of the City will be incorporated into investment decisions. The overall investment program shall be designed and managed with a degree of professionalism worthy of public trust. The investment strategy for funds established after the annual Policy adoption will be managed in accordance with the terms of this Policy and applicable agreements until a specific strategy is reviewed and adopted. A. Pooled Fund Strategy The City's Pooled Fund is an aggregation of City funds which include tax receipts, enterprise revenue, fine and fee revenues, as well as, bond proceeds, grants, gifts, and endowments. The City's Pooled Fund may include funds from various Corporations associated with the City which receive income distributions from their pro-rata share of the full fund group. The City's Pooled Fund is maintained to meet anticipated daily cash needs for City operations, capital projects, and debt service payments. The objectives of this fund are to: 1. Ensure safety of principal by investing only in high-credit quality investments for which a strong secondary market exists which are designed to assure on-going suitability and marketability of such investments; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Limit market and credit risk through diversification; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy. The City's Pooled Fund shall have a maximum dollar-weighted average maturity (WAM) of one year (365 days) designed to meet anticipated cash flow needs. The fund shall be laddered based on cash flow analysis to provide ongoing liquidity for anticipated needs and provide for reasonable extension. A minimum of 15% of the City's Pooled Fund shall be held in cash or cash equivalents for liquidity and no more than 40% may be invested longer than one year. Changes in City cash flows may change percentage representations over time. Unless approved by the Investment Committee, the target percentages specified shall not be exceeded for a temporary period greater than thirty (30) days without the Investment Officers taking corrective action. The risks in the City's Pooled Fund shall be measured quarterly against a risk benchmark designed to mirror the authorized market investments and the City's cash flow requirements. Because this fund is dictated by cash flow needs, the benchmark becomes a measure of risk which reflects the primary market rates matched to the WAM. With a maximum WAM of one year, the risk benchmark is established as the one-year Treasury Bill for the comparable period. The fund should track the risk benchmark but will naturally Page 12 of 13 lag as market interest rates, which adjust daily, move. B. Texas Utility System Junior Lien Revenue Improvement Bonds Escrow Fund Strategy This escrow fund was established pursuant to an escrow agreement dated as of August 29, 2017 with The Bank of New York Mellon Trust Company, N.A. Escrow will be maintained with The Bank of New York Mellon Trust Company, N.A. in investments authorized by the Act and this Policy. The objectives of this fund are to: 1. Ensure safety of principal by investing only in high credit quality investments for which a strong secondary market exists; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Manage market and credit risk through diversification of investments and the requirement of AAA ratings; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy and the escrow agreement. C. Airport Passenger Facility Charges (PFC) Fund Strategy The Airport PFC Fund is revenue comprised of fees imposed as authorized by The Aviation Safety and Capacity Expansion Act of 1190 (Public Law 101-508, Title II, Subtitle B). The revenue is segregated as required by the Passenger Facility Charge Audit Guide for Public Agencies, issued by the Federal Aviation Administration.The objectives of this fund are to: 1. Ensure safety of principal by investing only in high credit quality investments for which a strong secondary market exists; 2. Ensure that anticipated cash flows are matched with adequate investment liquidity; 3. Manage market and credit risk through diversification of investments and the requirement of AAA ratings; and 4. Attain a market yield commensurate with the objectives and restrictions set forth in this Policy and the escrow agreement. D. Law Enforcement Seized Assets Fund Strategy The Law Enforcement Seized Assets Fund is comprised of seized contraband money that, per the Code of Criminal Procedure, Chapter 59, Article 8, may be deposited in an interest- bearing bank account in the jurisdiction of the attorney representing the State until final judgment is rendered concerning the contraband. The objective of this fund is to ensure safety of principal by investing only in a fully FDIC-insured or collateralized interest-bearing depository account of banks in Texas. Since the revenue will only be deposited into this type of investment, there is no liquidity risk, market risk, diversification risk, nor credit risk. Page 13 of 13 se 0 0 U NCORPO0.1¢ AGENDA MEMORANDUM 1852 Action Item for the City Council Meeting August 27, 2024 DATE: August 27, 2024 TO: Peter Zanoni, City Manager FROM: Jeff H. Edmonds, P. E., Director of Engineering Services 0effreye(u-)-cctexas.com (361) 826-3851 Authorizing acceptance of easements and legal responsibility for the Michael J. Ellis (North Padre Island) Seawall CAPTION: Motion authorizing execution of all documents necessary to acquire property interests necessary for the City to accept legal responsibility, improve and maintain the Michael J. Ellis Seawall on North Padre Island, which will be dedicated to the City at no cost. SUMMARY: The motion authorizes the City Manager or designee to execute all property instruments provided the property interests are dedicated to the City at no cost and accept legal maintenance responsibility for the Michael J. Ellis Seawall. BACKGROUND AND FINDINGS: A project was approved in the FY 2024 CIP and TIRZ#2 Project Plan to make repairs to the Michael J. Ellis Seawall with a total budget of $15M. The seawall was originally built in the late 1960's by the Padre Island Investment Corporation (PIIC). Although privately owned and maintained, public access to the seawall is guaranteed by a past judgement against PIIC and subsequent legislation. This creates the impression that the seawall is a public amenity that is in a poor state of repair. The Micheal J. Ellis Seawall and Beach is a popular destination for both tourists and locals. The seawall was severely damaged by Hurricane Allen in 1980. Since it was privately owned, repairs were not eligible for FEMA Public Assistance (PA). The adjoining owners had to assess themselves to make the needed repairs. Part of this action would satisfy one of the requirements for FEMA PA eligibility. By passing a resolution accepting "Legal Responsibility", staff believes that the seawall would become eligible for FEMA PA grants in the event of damage from a presidentially declared disaster. Additional steps will also be taken to help avoid some of the delays and confusion that the city experienced with FEMA funding for the Packery Channel Restoration. Prior to bringing this action, staff have sought letters of intent to convey the necessary easements from each of the 15 tracts fronting the seawall. There are 12 separate owners. Letters of intent to convey easements have been received by 10 of the 12 separate owners. The four condominium complexes have all submitted letters of intent through the designee for the POA. The letter of intent language was negotiated between legal staff and attorneys for the property owners. The main concern of the property owners was ensuring the future seawall construction and use not diminish or interfere with their use and enjoyment of the seawall and beach. The four tracts with outstanding Letters of Intent are undeveloped and owned by two institutional investors, Axys Capital Credit Fund LLC and Padre Island North LLC. Staff have had multiple conversations with the owners' representatives and neither has expressed an unwillingness to grant the easements and both are working with their attorneys on the Letter of Intent language. The action accepting legal responsibility is conditioned on the receipt of easements from all properties fronting the seawall. ALTERNATIVES: Council can choose not to proceed with the project. FINANCIAL IMPACT: No financial impact to approving this resolution. RECOMMENDATION: Staff recommends approval of motion to acquire easements for the North Padre Island Seawall Improvements project and acceptance of legal maintenance responsibility for the seawall. LIST OF SUPPORTING DOCUMENTS: CIP page Letter of Intent Presentation Capital Improvement Flan 2024 thru 2026 City of Corpus Christi, Texas Project# 24133 Project Name North Padre Island Seawall Improvements V ' Type Improvement/Additions Department TIRZ#2 Useful Life 25 ears Contact Economic Development Director Y P Category Site Improvements Priority Community Investment Council District 4 Status Active Description The North Padre Island Seawall is located on the gulf beach which is frequented by tourists and citizens daily. The structure serves as a barrier between the beach and the buildings but is also a walkway along the beach area. It is in need of repairs and the area currently lacks amenities such as benches,lighting,and share structures. This project will assess the needs of the area and then provide funding to fulfill the identifies needs. Justification This project was deemed a priority of TIRZ#2 Board and will provide needed amenities for visitors to North Padre Island. Expenditures Prior Years 2024 2025 2026 Total Construction/Rehab 1,000,000 5,506,757 5,506,757 12,013,514 Design 1,500,000 1,500,000 Eng,Admin Reimbursements 275,000 605,743 605,743 1,486,486 Tom 2,775,000 6,112,500 6,112,500 15,000,000 Funding Sources Prior Years 2024 2025 2026 Total Tax Increment Finance District 2,775,000 6,112,500 6,112,500 15,000,000 Total 2,775,000 6,112,500 6,112,500 15,000,000 Budget Impact/Other 71 An assessment will be done upon completion of project to determine maintenance costs.Increased annual maintenance cost to be budgeted in the TIRZ#2 operating budget to maintain improvements and amenities. 75 N 7� - CHANNEL w E NORTH PADRE ISLAND SEAWALL PROJECT e � _. 13 � 4 ' ti i ® GULF OF MEXICO n 4 3 _ a 15 ❑ PARCELS WITH LETTERS ' ° OF INTENT ACQUIRED Go�Q u s Ch,�s i J y * 7852 NORTH PADRE ISLAND MICHAEL J . ELLIS SEAWALL PROJECT PRESENTATION TO City Council 08/27/24 Michael J . Ellis Nf- = Seawall - 1970's f •�I�'d fir_^:iy � _ Michael J . Ellis • • m7K - _ ......... ...... ..... y 1 A� r 1 NORTH PADRE ISLAND SEAWALL - HISTORY Aft Aft a • • ; . ; Padre Island Padre Island - Protective Seawall Court order State of Texas City annexes Investment Corpus Christi, Covenants & construction halts seawall vs PIIC area of North Corp (PIIC) Section A Plat Landowners' starts. extension to judgement. Padre Island announced Recorded. Agreement. north &south. containing 1st hotel on seawall. Padre Island. 0--o Assignment 1st Amendment Protective SB 1688 amends 2nd Protective Beach & Seawall of Trustee to to Protective Covenants Natural Amendment Covenants renamed after PIPOA. Covenants. amended. Resources Code to Protective amended. Michael J. Ellis § 61.017. Covenants City Includes $15M in FY24 CIP project to upgrade seawall. Project 4 24133 Project lame N-orth Padre Island Seawall Improt-emeuts ' Type Improvement Adi itions Department TIRZ#'_ Useful Life 25 years Contact Economic Development Director Category Site Improvements Prlorits-Community Investment Council District 4 Status Active IkSCrlptton The North Padre Island Seawall is located on the gulf beach which is frequented by tourists and citizens daily. The structure serves as a barrier benareen the beach and the buildings but is also a walkway along the beach area. It is in need of repairs and the area currently lacks ntnenities such as benches.lighting.and share structures. This project will assess the needs of the area and then provide funding to f 0fill the identifies needs Justification This project was deemed a priority of TIRZ=2 Board and will provide needed auuenities for visitors to North Padre Island. Expenditures Prior Years 2014 2025 2026 Total ConstructionfRehab 1,000,000 5,506,757 5,506,757 12,013,514 Design 1,500,ON 1500,000 Eng,Admin Reimbursements 275.000 605,743 605,743 1,486,486 Total 2,775,000 6.112,500 6,112,500 15,0N,800 Funding Sources Prior Tears 2024 2025 2026 Total Tax Increment Finance District 2 775 CCO 6,112500 6,112.500 15 Lv00 nC0 Total 2,775,000 6,112,500 6.112,500 15.000,000 Important Background • Seawall was privately built on land claimed by the State of TX under Open Beaches Act. • The state sued Padre Island Investment Corporation (PIIC) for trespass. • A judgment was issued in 1974 that granted the public permanent access to the seawall and beach and granted ownership of some tracts to the state. • Hurricane Allen caused significant damage in 1980. Adjoining property owners created a seawall committee to fund the repairs. • The City of Corpus Christi annexed the seawall area in 1981. • 1995 Legislation reiterated permanent public easement and established that vegetation line would be considered the face of the seawall in exchange for constructing a public parking lot and roadway easements for beach access. • The City helped facilitate the state requirement to provide public parking. Current Seawall Status • The seawall is privately owned and maintained. • The seawall is in a poor state of repair. • Owners cannot restrict access to the public. • Owners have difficulty insuring the seawall. • The seawall is not currently eligible for Assistance under the FEMA Public Assistance Program. • Catastrophic damage would likely be the responsibility of the owners. Proposed r, Seawall Status V ;. A $15M project was approved in the FY24 CIP to improve the seawall. The City needs the real estate rights to make the repairs and upgrades. The City must be legally responsible for a: c maintenance and repair to be FEMA PA eligible. City is seeking an easement dedication and not I fee simple ownership of seawall property. }� Owners will no longer be at risk for seawall damage, maintenance, or claims. North Padre Island Seawall in 1980 after damage fro, jurricane Allen FEMA PA Program • The FEMA PA Program provides Federal grant assistance >4 for the restoration of disaster-damaged public facilities. • FEMA provides assistance based on authorities and limitations defined in federal statutes and regulations. • The four basic components of FEMA PA eligibility are: Public Assistance Program eligible applicant, eligible facility, eligible work and and Policy Guide eligible cost. version 4,Effective June 1,2020 (FP MOM-2) • In order increase the likelihood that future Seawall disaster repairs would be FEMA PA eligible, the City must OFEMA legally assume responsibility for its maintenance. • Also need to avoid the seawall's classification as a "Flood Control Work" under the USACE definition. ACTIONS COMPLETED • City has received expert advise on optimizing the likelihood of FEMA PA eligibility. • Property survey and easement exhibits have been prepared. • City has corresponded with all owners. • A Town Hall meeting was held April 11, 2024. • City has formed a steering committee of landowners helping to facilitate easement acquisition. • Engineering has selected a design firm and engaged them on preliminary engineering activities. • The Gulfstream has signed a letter of intent with conditions for granting the maintenance easement. • The Gulfsteam letter is being shared as a template for the other property owners. NEXT STEPS • City will use the Gulfsteam letter of intent to get similar instruments from the other property owners. • Council will need to assume "legal responsibility" for the seawall. This is necessary to help ensure FEMA PA eligibility. Will be conditioned on easement acquisition. • City will also seek negative determinations from USACE and N RCS. • Detailed design contract award by council. • Stakeholder meetings will be scheduled to get feedback on the design. • Project will be advertised for bid once the bid docs are ready. This will probably be early to mid 2025. • Construction will probably take 12-18 months. (f REQUIRED LEGAL ACTIONS • Deed from PIPOA, Trustee, conveying all of its rights, title and interest to the seawall to the City. • Amendment No. 3 to the Protective Covenants and Landowner's Agreement deleting Article VI Seawall Maintenance Agreement. • Easement from each seawall tract owner conveying a permanent easement and maintenance easement to the City. • Council action assuming legal responsibility for the seawall. QUESTIONS? Jeff Edmonds, P.E. City of Corpus Christi Director of Engineering 361-826-3851 office i • CITY OF CORPUS CHRISTI CITY SECRETARY'S OFFICE AUG 2 0 2024 COUNCIL ACTION REQUEST I-MYSECRETARrsOFFICE DATE: August 13, 2024 TO: Rebecca Huerta, City Secretary FROM: Council Member Mike Pusley,At-Large Council Member Michael Hunter,At-Large Council Member Gil Hernandez,Dist. 5 COPIES TO: Mayor& Council Peter Zanoni, City Manager Miles Risley, City Attorney SUBJECT: Resolution to authorize the Capital Improvement Advisory Committee(CIAO)to review the Trust Fund Policy. ACTION REQUEST: Per Council Policy 16.d.,we are requesting that the following item be placed on the next available City Council agenda for discussion and possible action: • Resolution authorizing the Capital Improvement Advisory Committee(CIAC)to review solutions to the viability of extending the Trust Funds for the purpose of future development versus Impact fees. y 1 Coun '1 er ike Pus y Council Member Mi hael Hunter Council Member Gil Hernan