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e e .. \ . property in the annexed.part~on, for ad valorem tax purposes. III. A. On or befare April 15, 1994, and. on or before each April 1St:h thereafter, unless an extension is granted.in accordance with the ~exas Property Tax Code, through and including April 15, 200Q, Company shall provide city with a written description of its Land and all i=provements and tangible personal property located on the Lancl as of the immediately preceding January 1st, stating its opinion of the Property's market value, and being sworn to by an Authorized officer of the Company aut:horizecl to 40 so, or Company"s duly author1zeci ag'en't:, (the Company's "Rendition"). company may file such Rendition on a Harris County Appraisal Districtrendit10n form, or similar .form. The properties which the company must render and upon which the lIin lieu of" taxes are assessed are more fully described in subsections 1, 2, and 3 of subsection 0, of this Paraqraph IIJ: (sometimes collectively called the "Property"). A failure by company to file a.Rendition as provided for in this paragraph, shall constitute a waiver by Company for the current tax year, of all riqhts of protest and appeal under the terms of this Agree1Uent. B. As part of i 1:s rendition, Company shall furnish to city a written report of the nam~~ and addresses of all persons and entities who store any tangible personal property on the Land by bailment, lease, cons1qnment( or other arrangement with Company ("products in storaqe"), and are in the possession or under the manag'ement of Company on January ls~ of each Value Year, further givinq a description of such products in storage. C. On or before the later of December 31, 1994, or 30 days from. mailing of .tax bill and in like manner on or before each December 31st thereafter, through and inclUding December 31, 2000, Company shall pa.y to City an amount "in lieu of ,~axes" on Company,' s Property as of January 1st of the ourrent: calendar year ("Value Yearl1). D. Company agrees to render to City and pay an amount "in lieu of taxes" on Company I s Land, improvements and tangible personal property in the un annexed area equal to the sum of: 1. (a) Fifty percent (50%) of the amount of ad valorem taxes which would be payable to City if all of the Company r s Land and improvements 'Which existed on ~anuary 1, 1994( January 1, 1995, and January 1, 1996, had ~een within the corporate limits of City and appraised each year by City'S independent appraiser: and eb) Fifty-three percent (53%) of the amount of ad valorem taxes which would be payable to City if all of the Company's Land. and improvements which existecl on January. 1, 1997, January 1, 1998 , January 1.. 1999, and January 1, 2000, had been within 'the corporate limits of City and appraised each year by 3