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2018-024 Master Economic Development Agreement between the City, PEDC and American Spiralweld Pipe
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2018-024 Master Economic Development Agreement between the City, PEDC and American Spiralweld Pipe
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8/7/2020 1:51:05 PM
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9/25/2018 11:29:32 AM
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CITY CLERK
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DEVELOPMENT AGREEMENT AND AGREEMENTS RELATED THERETO. <br />NOTWITHSTANDING ANYTHING IN THIS PROVISION TO THE <br />CONTRARY, IN THE EVENT OF JOINT OR CONCURRENT NEGLIGENCE OF <br />BOTH THE CITY AND AMERICAN, OR BOTH PEDC AND AMERICAN, OR OF <br />ALL THREE PARTIES, THE RESPONSIBILITY, IF ANY, SHALL BE <br />APPORTIONED COMPARATIVELY IN ACCORDANCE WITH THE LAWS OF <br />THE STATE OF TEXAS, WITHOUT, HOWEVER, WAIVING ANY <br />GOVERNMENTAL IMMUNITY AVAILABLE TO CITY AND/OR PEDC AND <br />WITHOUT WAIVING ANY DEFENSES OF THE PARTIES UNDER TEXAS <br />LAW. IF ANY ACTION OR PROCEEDING SHALL BE BROUGHT BY OR <br />AGAINST THE CITY AND/OR PEDC IN CONNECTION WITH ANY SUCH <br />LIABILITY OR CLAIM, AMERICAN SHALL BE REQUIRED, ON NOTICE <br />FROM CITY AND/OR PEDC, TO DEFEND SUCH ACTION OR PROCEEDINGS <br />AT AMERICAN'S EXPENSE, BY OR THROUGH ATTORNEYS REASONABLY <br />SATISFACTORY TO THE CITY AND/OR PEDC. THE PROVISIONS OF THIS <br />SECTION ARE SOLELY FOR THE BENEFIT OF THE PARTIES HERETO AND <br />NOT INTENDED TO CREATE ANY RIGHTS, CONTRACTUAL OR <br />OTHERWISE, TO ANY OTHER PERSON OR ENTITY. <br />J. In the event any one or more of the provisions contained in this Master <br />Agreement shall for any reason be held to be invalid, illegal or unenforceable <br />in any respect, such invalidity, illegality, or unenforceability shall not affect <br />other provisions. <br />Article V—Tax Abatement Agreement between the City and American <br />Pursuant to Chapter 312 of the Texas Tax Code, the City and American enter into the <br />Tax Abatement Agreement attached hereto as Exhibit C and incorporated by reference as <br />if set forth herein in full. <br />[Remainder of this page is left intentionally blank.] <br />3230089100 22 <br />
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