Laserfiche WebLink
<br />. <br /> <br />e <br /> <br />I.. <br /> <br />Industrial District Agreement - 6 <br /> <br />IV. <br /> <br />This Agreement may be extended for an additional period or <br /> <br />periods by agreement between ,City and Company and/or its assigns even <br /> <br />1:hough 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. In <br /> <br />1:.his connection, City hereby expresses ..,.ffs belief that industrial <br /> <br />district agreements of the kind made herein are conducive to the <br /> <br />. .;. <br /> <br />development of existing and future ~n~ustry' and are to ,the best <br /> <br />interest of all citizens of City and encourage future City Councils <br /> <br />to enter into future industrial district agreements and to extend for <br /> <br />additional periods permitted by law this Industrial District Agreement <br /> <br />r: <br /> <br />upon request of Company' or its assigns: provided, however, that <br /> <br />\l <br /> <br />nothing herein, contained' shall be deemed to obligate' either party <br /> <br />hereto to agree to an extension of th~~, Agrement.. <br /> <br />..,.. . <br /> <br />V. <br /> <br />.". ~.. ~ c~...:.. ,;. \". <br /> <br />C~~P~I:1Y "c:':~:rees ,to pay <br /> <br />....... <br />all ad valorem taxes," and :'a,1l!1 ;,' II in lieu <br /> <br />: . ,'. ... i:' /. <br /> <br />of taxes II pay~en,~s hereunder, <br />....,:,... ]';" . <br /> <br />to City on or before December' 31 of <br /> <br />,'.,. . <br /> <br />It is agreed that pres~ntlY the <br /> <br />each year during the term hereof. <br /> <br />ratio of ad valorem tax assessment used by City is one hundred percent <br /> <br />(100%) of the fair market value of property. <br /> <br />Any change in such <br /> <br />ratio used by City shall b~ reflected in any subseqQent computations <br /> <br />hereunder. This Agreement shall be subject to all provisions of law <br /> <br />relating to ~eter~~n~tion of value of land, improvements; and tangible <br />: "":_' ; (,:": f. '-' <br /> <br />personal,~~operty, for tax purposes (e.g., rendition, assessment, <br /> <br />t '-0 'I- . ~.. ..' .... <br />." . ,,' "..~, l.' "\..... <br /> <br />Harris County Appraisal District review and appeal procedures, court <br /> <br />appeals, etc.) for. purposes of fixing and determining, the amount of <br /> <br />ad valorem tax payments, and the amount of lIin lieu of taxll payments <br /> <br />hereunder, except as otherwise provided in Articles II and VI hereof. <br /> <br />VI. <br /> <br />(A) In the event Company elects to protest the valuation for <br /> <br />tax purposes set on its said properties by City or by the Harris <br /> <br />- <br />