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form, or similar form. The properties which the Company must render and upon which the "in lieu of" taxes are assessed are more fully described in subsections 1 and 2 of subsection D, of this Paragraph II (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 rights of protest and appeal under the terms of this Agreement. B. As part of its rendition, Company shall furnish to City a written report of the names and addresses of all persons and entities who store any tangible personal property on the land by bailment, lease, consignment, or other arrangement with Company ("products in storage"), and are in the possession or under the management of Company on January 1st of each Value Year, further giving a description of such products in storage. C. On or before the later of December 31, 1999, or 30 days from mailing of tax bill and in like manner on or before each December 31st thereafter, through and including December 31, 2009, Company shall pay to City an amount "in lieu of taxes" on Company's Property as of January 1st of the current calendar year ("Value Year") . D. Company agrees to render to City and pay an amount "in lieu of taxes" on Company's land, improvements and tangible personal property in the unannexed area equal to the sum of: 1. (a) One Hundred percent (100%) of the amount of ad valorem taxes which would be payable to City if all of the Company's land and improvements which existed on January 1, 1999, had been within the corporate limits of City and appraised each year by City's independent appraiser; and (b) Fifty percent (50%) of the amount of ad valorem taxes which would be payable to City if all of the Company's land and improvements which are added after January 1, 1999, had been within the corporate limits of City and appraised each year by City's independent appraiser; and 2. (a) One Hundred percent (100%) of the amount of ad valorem taxes which would be payable to City on all of the Company's tangible personal property of every description, including, without limitation, inventory, oil, gas, and mineral interests, items of leased equipment, railroads, pipelines, and products in storage located on the land, which existed on January 1, 1999, had been within the corporate limits of City and appraised each year by the City's independent appraiser; (b) Fifty percent (50%) of the amount of ad valorem taxes which would be payable to City on all of the Company's tangible personal property of every description, including, without limitation, 3