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<br />City covenants, agrees and guarantees that during the term of ~his
<br />Agreement, provided below, and subject to the terms and provisions
<br />of t:his Agreement:, said District sball continue to retain its
<br />extraterritorial st:atus as an industrial district., at least to the
<br />extent that the same covers 'the Land belonging t.o Company and its
<br />assiqns, unless and until the status of said Land, or a partion or
<br />portions thereQf, as an industrial district may be changed pursuant:
<br />to the terms of this Agreement. SUbject to the foregoing and to
<br />the later provisions' of this Agreement, City does further covenant,
<br />agree and guarantee that such industrial district, to the extent
<br />that it covers said Land lying wi~in said District and not now
<br />within the corporate limits of City, shall be immune from
<br />annexation by City during the term hereof (except as hereinafter
<br />provided) and shall have no right 'to have extended to it any
<br />services by Ci~y, and that all Land, includinq that which has been
<br />heretofore annexed, shall not have extended to it by ordinance any
<br />rules and regula~ions (a) governing plats and subdivisions of land,
<br />(b) prescribing. any buildinq, elec~r1cal, plumbing or inspection
<br />code or codes, or (c) attemptinq t.o exercise in any manner whatever
<br />co~trol over the conduct of business thereon; provided, however,
<br />it is agreed that city shall have the right to institute or
<br />intervene in any a~inistrative and/or judicial proceeding
<br />authorized by the Texas Water Cods, the Texas Clean Air Act, the
<br />Texas Health & Safety Coda, or other federal or state environmental
<br />laws, rules or regulations, to the SalUe extent and. to the same
<br />intent and effect as if all Land covered by this Agreement were
<br />not: subj ect to the Aqreemen't..
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<br />II.
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<br />In the event" that any portion of the Land has heretofore been
<br />annexed by Ci~y, company agrees to render and pay full City ad
<br />valorem taxes on such annexed Land and. improvements, and tanq1ble
<br />personal property. "
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<br />Under the terms of the Texas Property Tax Code (S.B. 621, Acts of
<br />the 65th Texas Legislature, .Regular Session, 1979, as amended), the
<br />appraised value for tax purposes of the annexed portion of Land,
<br />improvements, and tangible personal property shall be determined
<br />by the Harris County Appraisal District. The parties hereto
<br />recognize that said Appraisal District has no authority to appraise
<br />the Land, improvements, and tangible personal property in the
<br />unannaxed area for: the purpose of computing the "in lieu" pa.yments
<br />hereunder. Therefore, the parties agree that the appraisal of the
<br />Land, improvements, and tangible personal property in the unannexed
<br />area shall be conducted by City, at City'S expense, by an
<br />independent appraiser of city's se~eetion. The parties recogn~ze
<br />that in maXing such appraisal for "in lieu" payment purposes, suCll
<br />appraiser ZI1ust of necessity appraise t:.h.e entire (annexed and
<br />unannexed) Land, improvements, and tangible personal property.
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<br />Nothing herein contained shall ever be interpreted as lessening the
<br />authority ot the Harris County Appraisal District to establish the
<br />appraised value of Land, improveme~ts, and tangible personal
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