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<br />Industrial District Agreement - 7
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<br />County Appraisal District for any year or years during the terms
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<br />hereof, nothing in this Agreement shall preclude such protest and
<br />Company shall have th~,right to take all legal steps desired by it to
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<br />reduce the ~ame.
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<br />~o1::~wi thst,anding ,~uch protest by Company, Company agrees to pay
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<br />to .~~ty~n, ~r, before the.,datethe~efor herein~bove provided, at least
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<br />the total of (a) the total amount of ad valorem taxes on the annexed
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<br />portions, plus (b) the total amount of the "in lieu of taxes" on the
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<br />un~~.ne~~d ,p.o:r:~.io~l!!I . ~.f, ~.om~~~y' s he,r!!inabove-~!!s~ribe~ property whi~h
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<br />wo~l.~ p~ due, by C~~p'a_ny to Ci ~y in accoJ;'~ance with the foregoing
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<br />provi~ions ,of thisAgr~men~ on the basis of renditions which shall be
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<br />filed by Company on or before March 31 of each year du~ing the term
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<br />of 'this Agreement, with both the City and the Harris County Appraisal
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<br />D,is~rict Ja,s, :the ,c::ase ~ay b,~) ..~or tha~..!e~r.
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<br />When the City or Harris, County App~aisal District (as the case
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<br />may be) valuation on said property of Company has been so finally
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<br />determined, either
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<br />as
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<br />the
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<br />result of
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<br />final
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<br />j~qgment of a
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<br />court
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<br />of
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<br />competent. jurisdiction or as the result of ~ther final con~lusion of
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<br />the controversy, then within thirty (30) days thereafter Company
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<br />shall make payment to, City of any additional payment due hereunder
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<br />based on such final valuation, together with applicable penal ties,
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<br />interests, and costs.,
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<br />(B) Should COI'!'pany disagree with any appraisal m~d.e by th~
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<br />independent ap~p:r:aiser ,sel~cted br City pursua~~, ~9... ~~tic~e II .aboy~:
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<br />(which' shall be given in writing to Company), ,Company shall, within
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<br />twenty (20). days. of receiY,ing, sucl) :~opy,
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<br />giv~ written notice to the
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<br />City ?f.. su.c::~ dis,a9.~e.e~.~nt. , Il,l t~!i! event. Compa,~Y, does not give suc.~,
<br />writ~en .noticeof disagreement within such time period, th~ appraisal
<br />ma~~~~y said independent appraiser shall be final and controlling for
<br />purposes of the determination of "in lieu of taxes" payments to be
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<br />made under this Agreement.
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<br />Should Company give such notice of disagreement, Company shall
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