O-1998-2279 - Laserfiche WebLink

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. . OR1G~NAL comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the city with such additional information applicable to the tax abatement as may be necessary for the administration of the abatement. Once the value of the real and personal property has been established, the chief appraiser shall notify the affected jurisdiction which levy taxes of the amount of the assessment. (b) The agreement shall stipulate that employees and/or designated representatives of the city will have access to the reinvestment zone during the term of the abatement to inspect the facility and all company records related to the abatement agreement and the project to determine if the company is in compliance with the agreement. All inspections will be made only after the giving of 24 hours notice and will only be conducted in such a manner as to not unreasonably interfere with the construction and/or operation of the facility. All inspections will be made with one or more representati ves of the company or indi vidual and in accordance with its safety standards. (c) Upon completion of construction, the city shall annually evaluate each facility receiving abatement to ensure compliance with the agreement and report possible violations to the contract and agreement. Sec. 66-150. Assignment. The abatement agreements may be assigned to a new owner or lessee of the facility with the written consent of the city council, which consent shall not be unreasonably withheld. Any assignment shall provide that the assignee shall irrevocably and unconditionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in the agreement. Any assignment of a tax abatement agreement shall be to an entity that contemplates the same improvements or repairs to the property, except to the extent such improvements or repairs have been completed. No assignment shall be approved if the assignor or the assignee are indebted to the city for ad valorem taxes or other obligations. Sec. 66-151. The adoption of the guidelines and criteria by the City Council of the City of La Porte does not: a) limit the discretion of the City Council of the City of La Porte to decide whether to enter into a specific tax abatement agreement; b) limit the discretion of the City Council of the City of La Porte to delegate to its employees the authority to determine whether or not the governing body should consider a particular application or request for tax abatement; or c) create any property, contract, or other legal right in any person to have the City Council of the City of La 14