Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />Industrial District Agreement - 7 <br /> <br />County Appraisal District for any year or years during the terms <br />hereof, nothing in this Agreement shall preclude such protest and <br />company shall have the right to take all legal steps desired by it to <br /> <br />reduce the same. <br /> <br />Nothwithstanding such protest by Company, Company agrees to pay <br /> <br />to City on or before the date therefor hereinabove provided, at least <br /> <br />the total of (a) the total amount of ad valorem taxes on the annexed <br /> <br />portions, plus (b) the total amount of the "in lieu of taxes" on the <br />unannexed portions of Company's hereinabove-described property which <br /> <br />would be due by Company to City in accordance with the foregoing <br /> <br />. "' .... .. ~. .".". . . <br />provisions of 'this Agrement on the basis of renditions which shall be <br /> <br />filed by Company on or before March 31 of each year during the term <br /> <br />of this Agreement, with both the City and the Harris County Appraisal <br /> <br />District (as the case may be) for that year. <br />When the City or Harris County Appraisal District (as the case <br /> <br />may be) valuation on said property of Company has been so finally <br /> <br />determined, either as the result of final judgment of a court of <br /> <br />competent jurisdiction or as the result of other final conclusion of <br /> <br />the controversy, then within thirty (30) days thereafter Company <br /> <br />shall make payment to City of any additional payment due hereunder <br /> <br />based on such final valuation, together with applicable penalties, <br /> <br />interests, and costs. <br /> <br />(B) Should Company disagree wi th any appraisal made by the <br />independent apppraiser selected by City pursuant to Article II above <br /> <br />(which shall be given in writing to Company). Company shall, within <br /> <br />twenty (20) days of receiving such copy, give written notice to the <br />City of such disagreement. In the event Company does not give such <br /> <br />written notice of disagreement within such time period, the appraisal <br /> <br />made by said independent appraiser shall be final and controlling for <br />purposes of the determination of "in lieu of taxes" payments to be <br /> <br />made under this Agreement. <br /> <br />Should Company give such notice of disagreement, Company shall <br />