|
<br />e
<br />
<br />e
<br />
<br />Industrial District Agreement.- 5
<br />
<br />.. appraiser:
<br />
<br />with, the sum of (1) and ( 2) reduced by the amount of City"s ad valorem
<br />
<br />t~xe:s on the ~nnexed portion, th,ereof as determined by appraisal by
<br />_~h~ Har~is C~~~~~ Appr~isal ,District.
<br />.No~h~ng,~~r~i~ ~ont~i~ep"s~all ever be construed as'in derogation
<br />
<br />.,of ,-t:}:l~",~':1,~~o~~ ty" o~ the,- Har-r.i,s-.,Count,~ ,-A-ppraisal, District to ,establ,ish
<br />
<br />:the .app,raised, va,lue~. - of land" impt:ovements,',- 'and tangible personal
<br />::,1 ~;.. ...... ...... . . a - --. . '._ ~ -. . . .
<br />
<br />,..p,rop_e~.t:y in ,- "the :~~m~,~;ed_'nP.Qrtion,.. ~:..for ;:',!"ad', valor,em:l) tax' purpos~'s.
<br />- ." -'..... . :.. ... -. .. ..
<br />
<br />, III.
<br />
<br />..
<br />This Agreement shall extend for a period beginning on the 1st
<br />
<br />day of'January, 1987, and continue thereafter until December 31, 1993,
<br />
<br />. .. ......,,:,.,~ ..~. ..- \ ., . .' . . ..
<br />
<br />uriless extended 'for.'- an additional period
<br />
<br />or periods
<br />
<br />of time upon
<br />
<br />. -~... "
<br />mutual conse'nt of Company and City as provided by the Municipal
<br />
<br />Annexation Act:
<br />
<br />:. -::{ ) ,:'.:1:oJ .' ..:-~.~" (, r": ~"'. c :. . I.... ,"! t.. j, ....
<br />provided, however, that in the event this Agreement
<br />
<br />is not so extended for an additional period or periods of time On
<br />
<br />r.....~..~..~':'.....-, :'-' :;..-'~ ~CT':.r.::..:-:.' .... . :.: '...'.(.' t.:i ...... i..\'IJ':; .' '. . ..... ,"..:...: ....
<br />or bet-ore August"3t~"1993, the 'agreement of City not to annex property
<br />
<br />.... r ............::- " .......... ~.." .;) ~. .. ...: :: " .., . ., . . . . :.. ;,:. ,-- "':" ~ .
<br />of Company 'with~n' the District shall terminate. In that event, City
<br />
<br />. . .. ,.. :
<br />'shall have'the right fo'commence immediate annexation proceedings as
<br />
<br />to all of Company's property covered by this Agreement, notwithstanding
<br />
<br />any of the terms and provisions of this agrement, and in such event
<br />
<br />.' I
<br />Company agrees that if the 'texas Municipal Act, Articltf970a (V.A.T.S.),
<br />
<br />as am'ended after"January 1, 1980, or any new legislation is thereafter
<br />
<br />. . . .. -.' ... - ..' .
<br />
<br />enacted by the' Legisi~ture of' the State of Texas which imposes greater
<br />
<br />. .... .., ...........,..,......... i.., ~ ,......: :'rli. ~~.,...i...... .....~ ." .
<br />restrictions on 'the right of City to annex land belonging to Company
<br />or impose~ furth~r' "6'bli9~ti6~~'" on' Cit~' 'in:: l~~~~~~~ion th'~;~:;it~'i:af~I~~
<br />
<br />the annexation of such "land, Company will waive the right to require
<br />
<br />.. .._-. '.- .
<br />City to comply with any such additionai restrictions or obligations
<br />
<br />and the rights of the parties shall be then determined in accordance
<br />
<br />wi th the provisions of said Texas Municipal Annexation Act as the
<br />same existed January 1, 1980.
<br />
|