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<br />'II.
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<br />I.
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<br />City covenants, agrees and guarantees that during the term of this
<br />Agreement, provided below, and subj ect t,o the terms and provisions
<br />of this Agreement, said District shall continue to retain its
<br />extraterritorial status as.an industrial. district, at least to the
<br />extent that the same covers the Land belonging to Company and its
<br />assigns, unless and until the status of said Land, or a portion or
<br />portions thereot, as an industrial district may be changed pursuant
<br />to the terms of this Agreement. Subjec~t to the foregoing and to
<br />the later provisions of this Agreement, c:i ty does further covenant,
<br />agree and guarantee that such industrial district, to the extent
<br />that it covers said Land lying within said District and not now
<br />within the corporate limits of. City', shall be immune from
<br />annexation by city during the term herE~of (except as hereinafter
<br />provided) and shall have no right to. have extended to it any
<br />. services by city, and that all Land, including that which has been
<br />heretofore annexed, shall not have extended to it by ordinance any
<br />rules and regulations (a) governing platf; and subdivisions of land,
<br />(b) . prescribing any building, electricaLl, plumbing or inspection
<br />code or codes, or (c) attempting to exercise in any manner whatever
<br />control over the conduct of business tllereOnj provided, . however ,
<br />any portion of Land consti tuting a strip of land 1.00' wide and
<br />contiguous to either Fairmont Parkway, state Highway 225, or state
<br />Highway 1.46, shall be subject to the rulE!s and regulations attached
<br />hereto as Exhibi t "c" and made a part hereof; and 'provided,
<br />however, it is agreed that city shall have the right to institute
<br />or intervene in any administrative and/or judicial proceeding
<br />authorized by the Texas Water Code, the: Texas Clean Air Act, the
<br />Texas Health & Safety Code, or other. fede!ral or state environmental
<br />laws, rules or regulations, to the saDle extent and to the same
<br />intent and effect as if all Land covered by this Agreement were not
<br />subject to the Agreement.
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<br />II.
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<br />In the event that any portion of the Land has heretofore been
<br />3~,nnexed by city, company agrees to render and pay fuJ.J. city ad
<br />valore1n taxes on such annexed Land and improvements; and tangible
<br />personal property.
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<br />Under the terms of the Texas Property Tax Co.de (S . B. 621., Acts of
<br />the 65th Texas ,Legislature, Regular Session, 1.979, as amended), the
<br />appraised value for tax purposes of thEl annexed portion o~ Land,
<br />improvements, and tangible personal proplarty shall be determined by
<br />the Harris county Appraisal District. The parties hereto recognize
<br />that said Appraisal District has no authc)rity to appraise the Land,
<br />improvements, and tangible personal property in the unannexed area
<br />for the purpose of computing the "in lieu" .payments hereunder.
<br />Therefore,. the parties agree that thE! appraisal of the Land,
<br />improvements, and tangible personal property in the unannexed area
<br />. shall be conducted by city, at city's E!xpense, by an independent
<br />appraiser of city's selection. The parties recognize that in
<br />making such appraisal for "in lieu" payment purposes, such
<br />appraiser must of necessi ty appraise the entire (annexed and
<br />unannexed) Land, improvements, and tangible personal property.
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