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.. , e e of the difference between t.be parties as to the fair market value of Company's p:opert:y for calculat.ion of the If in lieu If paymen~ and tot;!l .paymen~ hereunder for the year in ques1:ion. 'the Board shall hear and consider aJ.], relevant and material evidence on that issue includinq expert opinion, and shall render its written decision as promptly as practicable. 'l'hat decision shall then be .final and blncl1nCJ upon the parties, subject only to judicial review as may be available under the ~exas General Arbitration Act (Articles 224-238, vernon's Annotated Revised Civil statutes of 'l'exas). Costs ot the arbitration shall be shared 'equally by the Company and the city, provided that each party shall bear it.s own attorneys fees. VJ:I. City shall be entitled to a tax lien on company's above described property, all improvements thereon, and all tangible personal. property thereon, in the event of default in payment of Din lieu of taxes" payments' hereuncler, which shall accrue penalty and interest in like manner as delinquent taxes, and which shall be collectible by city in the same manner as provided by law for delinquent taxes. . VIII. This Aqreement shall inure to the benefit of and be bindinq upon City and Company, and upon C01l1pany's successors and assigns, affiliates and SUbsidiaries, and shall remain in force whether Company sells, assigns, or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the property belonging 'to it within the territory herein~ove. de,scribed, and the agreements herein contained shall be held to be covenants running wi'th the land owned by company situated within said territory. for so long as this Agreement or any extension thereof remains in force. Company shall qive City written notics within ninety (90) days, with full particulars as to property assigned and identity of assignee, o~ any disposition of the Land, and assignment of t~is Agreement. IX. If City enters into an Agreement with any other landowner with respect to an industrial district or enters into a renewal of any existing industrial district agreements after the effective date hereof and while this Agreement is in effect, which contains terms and provisions more favorable to the landowner than those in this Aqreement, Company ana its assigns shall have the right to amend this Agreement and City agrees to amend same to embrace the more favorable terms of such aqreement or renewal aqreement. '1'h1s Paraqraph shall not apply to any Court ordered extension of the term of the Agreement ordered in Southern Ionice, Inc. vs City af La Porte, civil Action H-89-3969, United S~ates District Court, Southern District of Texas. 7