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. e City on or before the date therefor hereinabove provided, at least t.he ~o~al of C a) the 1:ot:.al amount of ad va.lorem 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 ~o C1 ty . in accordance wi t.h the foreqoing provisions of this Agreement on the basis of renditions which shall be filed by company. When the city or Harris county Appraisal oistrict (as the case may be) valuation on said property of Company has been ISO finally determined, either as the result of final jUdgment of a co~ of competent juriSdiction or as the r~sult of other final conclus~on of ~e controversy, then wi ~hin 1:hirt.y (30) days thereafter Company shall make payment to City of any additional payment due hereunder based on such final valuation, together with applicable penalties, interest~, and costs. B. Should Company disaqree with any' appraisal made by the independent appraiser selected by Ci 1:y pursuant to Article II above (which shall be given in writing to Compal1Y) i Company shall, within twenty (20) days of receiving such copy, give written notice to the City of such disagreeIllent. I:n the event Company does not qi ve such written notice of disagreement within such time peri.od, the appraisal made by said independent appraiser shall be'final and controlling for purposes of the de,term1nation 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 ~hat Company believes to be the market value of Company's hereinabove described property. Both pa.rties agree to thereupon enter into good faith negotiations in an a1:teJl1pt to reach an agreem.ent as to the market value of COlllpany' s property for n in lieu" purposes hereunder. I:f, after the expiration of thirty (30) days from the date the notice of disagreement was received by City, the parties have not reacbed agreement as to such market value, the parties agree to submit the dispute t~o final arbitration as provided in subparagraph 1 of this ArtiCle VI B. Notwi thstandinq any such disagreement by company, Company agrees to pay to city on or before December 31 of each year durinq the term hereof, at least the total of (a) the ad valorem taxes on the annexed portions, plus (b) the total amount of the "in lieu" paYlUents which would be due hereunder on the basis of Company's valuations rendered and/or submitted to City by company hereunder I or the total assessment and "in lieu of taxes" thereon for the last preceding year, whichever is higher. 1. A Board of Arbitrators shall be created composed of one person naMed by company, one by City, and a ~~ird to be named by those two. In case of no agreement on this . arbitra.tor in 10.. days, the parties will join in a written request that the Chief ~udqe of the U.s. Ois~rict Court for the Southern District of Texas appoint the third arbi tra tor who, (as the II Imp'artial J&.rbi tra tor" ) sha-ll preside over the arbitration proceeding. The sole issue to be determined in the arbitration shall be resolution 6