O-1992-1873 - Laserfiche WebLink

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e e IT IS THEREFORE AGREED by and between the City of La Porte, Texas acting herein by its duly authorized Mayor and City Council, FIRST PARTY, and Hugh L. Landrum & Associates, Inc. of Houston, Harris County, Texas, SECOND PARTY, as follows: 1. SECOND PARTY agrees to compile a complete list of appraised values for all properties covered by Industrial District Agreements and subject to Industrial District payments to the City of La Porte, Texas, said appraised values to be as of January 1, 1993, January 1, 1994, and January 1, 1995, and it is hereby understood by both parties that the appraisals will be available by July 31, for each of the years covered by the contract. II. SECOND PARTY further agrees to work with the Harris County Appraisal District to apprise them of the area of each industrial plant that has been annexed by the City of La Porte and, therefore, subject to their assessment and a City ad valorem tax. This will apply to newly annexed areas of the City as well. III. SECOND PARTY also agrees to prepare a summary report for the City Tax Assessor- Collector each year: said report to show each industry's final total value for land, improvements, and personal property, the amount subject to ad valorem tax and the amount of the taxes and the value subject to "in-lieu of taxes" payment and the amount of the "in-lieu of taxes" payment. IV. SECOND PARTY also agrees to assist the City of La Porte in the renewing of or obtainment of contracts for properties in the districts that expire in December, 1993. Such assistance is expected to include, but is not limited to, the identification or discovery of eligible properties, negotiation of contract details with the property owners and obtainment of required information (legal descriptions, maps, metes and bounds descriptions, etc).