2018-024 Master Economic Development Agreement between the City, PEDC and American Spiralweld Pipe

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American; a grant of funds from PEDC to American; and a further cash -for - jobs incentive; B. An agreement under TEX. Loc. GOV'T CODE CHAPTER 380 whereby the City grants certain land to American; and C. A Tax Abatement Agreement pursuant to TEX. TAX CODE CHAPTER 312 between the City and American on the value of improvements made to said land. The following Exhibits are attached hereto and incorporated by reference as if fully set forth herein: Exhibit A: Legal Description of First Phase Property Exhibit B: Map of Tracts Constituting The Property Exhibit C: Tax Abatement Agreement Exhibit D: Wetlands Map Exhibit E: [RESERVED] Exhibit F: Property Rail Lead Map Exhibit G: ASWP Semiannual Compliance Certification Form Exhibit H: ASWP Annual Compliance Certification Form Exhibit I: Legal Description of City -owned First Phase Property Exhibit Form for Triple Net Lease for Rail Lead Article II—Definitions For the purposes of this Master Agreement, each of the following terms shall have the meaning set forth herein unless the context clearly indicates otherwise or unless otherwise set forth herein or in the Tax Abatement Agreement attached hereto as Exhibit C: "380 Agreement" shall mean the agreement between American and the City set forth herein in Article IV and entered pursuant to the City's economic development program authorized by TEX. Loc. GOVT CODE CHAP. 380 regarding the transfer of land from the City to American and American's obligations related thereto. "Agreed Fair Market Value of the Land" shall mean One Million Two Hundred Forty -Six Thousand Dollars ($1,246,000.00), which represents the dollar value of the Property conveyed to American under this Master Agreement. 32300891 00 3