|
<br />fo~egot;tg;. provis:iQn!i:9~this. Agreement on the basis of renditions
<br />wliich sliall be filed-'by Company'..
<br />
<br />,hen the C'i~y or Harris County Appraisal Distriot (as th.e oase may
<br />.e)' va:uation,on. s'aid. property of C~mpanx.. has been so finally
<br />a.eternu.ned, sJ.ther a~ the result of f1.nal Judgment o,f a court of
<br />bo~p~t;:eflt. ju;r~sdicti.on' or ..as . the :-esult of other .fi~alconclu~ion
<br />o,f the' c'ontrove;-sy, th.en wJ;thI.n thJ;rty (30) days t:;herea;ter C~mpany
<br />shall make "paYment to city of a.ny additional payment due hereunder
<br />masedon such final valuation, together with applicable penaltie's,
<br />interes.t:.s, and ~ci:sts.
<br />
<br />B.Snould Cornpan.Y dis~gree with. any app:raisal made by the
<br />indep:etid~nt appraiser sel~c'ted by City pursuant to Arti.cle II. above
<br />(:whiCh. shall be given in writing to Companyl~ Company shall, w'ithin
<br />twe~ty. .~2'Ol . dill'S. c:!. r.eceivingsuch copy, give written; not:ic:e to' l:he
<br />c'ityofsuch d..isagrt!!:ement. . Intne event Company does not give s,~ch
<br />wr;it~,~ -no,t,i.c'e~of Qis'agre.ement. wi1:f1insucn. time. period,. the
<br />ai?P;E,~;i,~alma,de by Slaidill~epe1identa.ppraiser shall be final ana
<br />cont:ro,llingfor pll.rposes o,f the determ':i.nation of "in lieu. of taxes"
<br />p~Yments' to' bema,de under tbis Ag,reement.
<br />~.." .
<br />1119'li1IdC()nlpa~ygi.vre such notic'e' o,f disagreeme.nt, CotnpanY shall. also
<br />~~mJic~. ..t:o the >C:i,t.Yi/ith s,uch, no,tice.. a w,r'i;tenstatement $:~,~tlng
<br />f~~t;~.wha;,t 'C:cun:P'~lll". -beli~V'~s; to .be ..tJile . market value ,0'; company" s
<br />h.~~~~niWoyed~s;ch:'ibedproper~y. '. B'ot;h .,po1irt!es ..' agrEae. toth-~:reupon
<br />~n\~.~i'fnt:"o. G;Qod;'.. fCli~h.nego,tjia.cions in.; an . Ci'ttell,lPt t'o reacnaIi
<br />~9i#~~m~I1t-'Cii~t,o; . t;l1e:m~rketV'a.JLt1e:. .... o'fco~a11Y":s. . p'rc?P'~':r:ty.'f.o'r. . Q~n
<br />+.i,~~i~:;p'~~~~~e;s,l1e'reu~tiier. . If:"a~ter' th~'~xpfr'ation ..ofthi:r;.ey. J30.)
<br />da.~a.'f:tottt:the".date'the. n()~ic'e.o}f disCi9r,e-ement;; ..w~s.r~c'eived, by C'~ty,
<br />~~~,.~.~#t:i~'~.h:~VEti '~p;o'~: 'r;fi~9'~ed:. .~gr.e~~~:t1~ a~to.s~ch '1nal:1t~'~-;~a..1-u,;e,. the
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />1.1;1tt..!~:~.u ..' oft;a.1C~~'!~~~;re.on '~,ort.l1e:las.~pre:ce~ing year,;wl11clnrver
<br />~$: .LU.g.t~er. . ...... . ..... .
<br />
<br />. -. - . .
<br />1.
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />yeal.'Jin, qu..e:~t.~.():rt.. . The Boara:'shaIlhearandcons:ide-r.all
<br />relevant and material evidenc'e on that issue i.ncluding
<br />
<br />"
<br />,
<br />~
<br />
<br />.~;
<br />
|