Laserfiche WebLink
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
<br />e <br /> <br />e <br /> <br />of leased equipment, . railroads, pipelines, and <br />products in storage located on the Land, if all of <br />said tangible personal property. which ,existed on <br />January, 1, 1997, January 1, 1998, January 1, 1999, <br />and January 1, 2000, had been within the corporate <br />limits of City and appraised each year by the ,City's <br />independent appraiser. <br /> <br />with the sum of 1, 2 and 3 reduced by the amount of City's ad <br />valorem taxes on the annexed portion thereof as determined by <br />appraisal by the Harris County Appraisal District. <br /> <br />IV. <br /> <br />'This Agreement shall extend for a period beginning on the 1st day <br />of January, 1994, and continuing thereafter until December, 31', <br />2000, unless extended for an additional period or periods of time <br />upon mutual consent of Company and ci ty ,as provided by the <br />Municipal Annexation Act; provided, however, that in the event this <br />Agreement is not so extended for an additional period or periods <br />of time on or before August 31, 2000" the agreement of City not to <br />annex property of Company within the District shall terminate. In <br />that event, city shall have the right to commence immediate <br />annexation proceedings as to all of Company's property covered by <br />this Agreement, notwithstanding any of the terms and provisions of <br />this Agreement. <br /> <br />Company agrees that if the Texas Municipal Act, section 42.044, <br />Texas Local Government Code, is amended after January 1, 1994, or <br />any new legislation is thereafter enacted by the Legislature of the <br />state of Texas which imposes greater restrictions on the right of <br />City to annex land belonging to Company or imposes further <br />obligations on City in connection therewith after the annexation <br />of such land, . Company will waive the right to require City to <br />comply with any such additional restrictions or obligations and the <br />rights of the parties shall be then determined in accordance with <br />the provisions of said Texas Municipal Annexation Act as the same <br />existed January 1, 1994. <br /> <br />V. <br /> <br />This Agreement may be extended for an additional period or periods <br />by agreelI).ent between City and Company and/or its assigns even <br />though it is not extended by agreement between City and all of the <br />owners of all land within the District of which it is a part. <br /> <br />VI. <br /> <br />A. In the event Company elects to protest the valuation for tax <br />purposes set on its said properties by City or by the Harris County <br />Appraisal District for any year or years during the terms hereof, <br />nothing in this Agreement shall preclude such protest and Company <br />shall have the right to take' all legal steps desired by it to <br />reduce the same. <br /> <br />Notwithstanding such protest by Company, Company agrees to pay to <br /> <br />5 <br />