Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />Industrial District Agreement - 8 <br />relevant and material evidence on that issue including expert opinion, and <br />shall render its written decision as promptly as practicable. That decision <br />shall then be final and binding upon the parties, subject only to judicial <br />review as may be available under the Texas General Arbitration Act <br />(Articles 224-238, Vernon's Annotated Revised Civil Statutes of Texas). <br />Costs of the arbitration shall be shared equally by the Company and the <br />City, provided that each party shall bear its own attorneys fees. <br /> <br />(C) Should the provisions of Article II of this Agreement become impossible <br />of enforcement because of (1) the invalidity or unenforceability of the Texas Property <br />Code (S.B. 621, Acts of the 65th Texas Legislature. Regular Session, 1979), or any <br />relevant provision thereof, or (2) because of any material delay or failure to act on the <br />part of the Harris County Appraisal District, then and in any of such events, all <br />payments under this Agreement shall be governed by the provisions of Article II hereof; <br />anything to the contrary in this Agreement notwithstanding. <br /> <br />VIT. <br /> <br />City shall be entitled to a tax lien on Company's above-described property, all <br />improvements thereon, and all tangible personal property thereon, in the event of default <br />in payment of "in lieu of taxes" payments hereunder, which shall accrue penalty and <br />interest in like manlier as delinquent taxes, and which shall be collectible by City in the <br />same manner as provided by law for delinquent taxes. <br /> <br />vrn. <br /> <br />Company agrees to provide to City at Company's expense, a survey plat and field <br />note description of the land and improvements which Company petitions to be annexed <br />in accordance with the provisions of Article II above. Such annexation tract shall be <br />