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"', e e City on or before the date therefor hereinabove provided, at least the ~Q~al of Ca) the total amount of ad valorem taxes on the annexed portions, plus CD) the total amount of the "in lieu of taxes" on the unannexed portions of Company's hereinabove described property which would be due to Ci ty in accordance wi th the foreqoing provisions of this Aqreement on the basis of renditions which shall be filed by company. When the city or Harris county Appraisal District. (as t.he case may be) valuation on sa.id property of Company has been so finally determined, either as the result of final judgment of a court of competent. jurisdiction or as the r~sult of other final conclusion of ~he controversy, then within 'thirty (30) days thereafter Company shall make payment to City of any add! tional payment due hereunder based on such final valuation, together with applicable penalties, interests, and costs. S. Should Company disaqree with any appraisal made by the independent appraiser selected by Ci t.y pursuant. to Article II above (which shall be given in writing to company), Company shall, within twenty (20) days of receiving such copy, give written notice to the C1 ty of such disagreement. :In the event Company does not qi ve such written notice of disagreement within such time period, the appraisal made by said independent appraiser shall be'final and cont.roliinq for purposes of the determination of "in lieu of taxes" payments to be made under this Agreement. ShoUld ,Company give such notice of disagreement, Company shall also submit to the city with such notice a written statement setting forth what Company believes to be the market value of Company's hereinabove desoribed property. Both parties agree to thereupon ent.er into good fai th neqotia tions in an a1:tempt to reach an agreement as to the market value of Company's property for nin lieu" purposes hereunder. :If, after the expiration of thirty (3D} days from ~he date ~he notice of disagreement was received by City. the parties have not reached agreement. as to such market value, the parties agree to submit the dispute to final arbitration as provided in sUbparagraph 1 of this ArtiCle VI B. Notwithstanding any such disagreement by Company, Company agrees to pay to City on or before December 31. of each year during the term hereof, at least the total of Ca) the ad valorem taxes on the annexed portions, plus Cb) the total amount of the "in lieu" payments which would be due hereunder on the basis of company's valuations rendered and/or submitted ~o City by CClnpany hereunder, or the total assessment and "in lieu of taxes" thereon for the last preceding year, whichever is hiqher. 1. A Board of Arbitrators shall be created composed of one person naMed by Company, one by City, and a third to be named by those two. In case of no agreement on this arbitrator in 10" days, the parties will join in a written request that the Chief 3udqa of the U.S. District Court for the Southern District of Texas appoint the third arbitrator who, (as the "Impartial ~.rb1trator") shall preside over the arbitration proceeding. The sole issue to be determined in the arbitration shall be resolution 6