R-1989-19 - Laserfiche WebLink

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.., . ~ I .. e , I I . follow the legal procedures for their protest and/or contest: or (2) violates. any of the terms and conditions of the abatement agreement and fails to cure during the Cure Period, the. agreemen.t then may be terminated and all taxes previously. abated by virtue of the agreement will be recaptured and paid within sixty (60) days of the termination. ADMINISTRATION Section 7 (a) ~le Chief Appraiser of the County shall annually determine an assessment of the ~eal and personal property comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the assessor with such information as may be necess:ary for the abatement. Once value has been established, the Chief Appraiser shall notify the affe~ted jurisdictions which levies ta}~es of the amount of the .assessment. (b) "") I (c) "\ .; ./ The agreement shall stipulate that employees and/or designated representatives of the (affected juriSdiction) will have access to the reinvestment zone during the term of the abatement to. inspect th.e facility to determine if the terms and conditions of .the agreement are being met. All inspections will be made only after the giving of twenty-four (24) hours prior notice and will only be conducted in such manner as to not unreasonably interfere with the construction and/or operation of the facility. All inspections will be' made with one or more representatives of the company or individual and in accordance with its safety standards. Upon completion of construction the (affected jurisdiction) shall annually evaluate each facility receiving abatement to insure compliance with the agreement and report possible violations to the contract and agreem~nt to. the (affected jurisdiction) and its attorney. ASSIGNMENT Section 8 Abatement may be transferred and assigned by the holder to a new owner or lessee of the same facility upon the approval by resolution of the (aoverninq bOdy) subject to the financial capacity of the assignee and provided that all conditions and obligations in the abatement agreement are guaranteed by the,'execution of a new contractual agreement with the (affected 1urisdiction). No assignment or .transfer shall be approved if the parties to the existing' agreement, the new owner or new lessee are liable to Harris County or any affected jurisdiction for outstanding taxes or other obligations. Approval shall not be unreasonably withheld. - 8 -