Common Contracts
1 similar Memorandum of Understanding contracts
MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • October 31st, 2012
This Memorandum of Understanding (the “Memorandum”) is entered by and between Texas Instruments Incorporated (the “Company”), Fort Bend County, Texas, (the “County”), and the Fort Bend County Drainage District (the “District”) (collectively the “Parties”) describes the intent of the Parties with respect to initiating a due diligence process for the purpose of the Company entering into a Purchase and Sale contract for an approximate seven acre tract of land located in the Telfair development in the City of Sugar Land, Fort Bend County, Texas, at the northeast corner of the intersection of University Blvd. and Lexington Blvd. and (the “Project Site”) and for construction of certain improvements on the Project Site and for the Parties to pursue negotiations and approvals for an ad valorem tax abatement agreement under Chapter 312, Tex. Tax Code (“Tax Abatement Agreement”).
