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NOW, THEREFE?RE,: in consideration of the premises: and the
<br />mutual agreements of the parties contained herein. and pursuant to
<br />the authority granted: under the municipal Annexation Act and the
<br />ordinances of City referred to 'above, City and Company hereby
<br />agree with each other as follows.
<br />im
<br />City covenants, agrees and.guarantees that during the term of this
<br />Aggreement_, provided; below, and subject to 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 thereof, as an industrial district may be changed
<br />pursuant to the terms of this Agreement. 5ulbject to the foregoing
<br />and to the later provisions of this Agreement, City does further
<br />covenant:,,. agree .and guarantee that such industrial district, to
<br />the extent that it, covers said .Land dying within said; District and
<br />not now within the corporate limits of' City,,: shall be. immune; from
<br />annexation. by City during the germ hereof {except ashereinafter
<br />provided) and shall have no right, to have extended to it any
<br />services by city,, and that all Land, including 'that `whi dh has been
<br />heretofore annexed., shall not have extended to it by ordinance any
<br />rules and regulations (a) governing plats and subdivisions of
<br />land, (W prescribing any building,, electrical.; plumbing or
<br />.inspection Code or codes, :or (c) attempting to exercise in any
<br />manner whatever control over the conduct of business thereon;
<br />Provided, however, any portion of Land constituting a strip of
<br />land 1001 wide and contiguous to either Fairmont Parkway, State
<br />Highway 22.5, or Bt'ate Highway 146., shah be subject to the rules
<br />and regulations attached hereto as Exhibit "Ctt and made a part
<br />hereof and. provided, however, it is agreed that City shall have
<br />the right to institute or intervene in any administrative and/or
<br />Judicial proceeding' authorized by the Texas Water Code, the Texas.
<br />Clean Air Act, the Texas Health & safety Code, or other federal or
<br />.state environmental laws, rules or regulations,,. to the same extent
<br />and to the same intent and effect as i'f, all Land covered by this
<br />Agreement were -.not subject to the Agreement.
<br />ll.
<br />In the event --that any portion of the Land has heretofore been
<br />annexed by City, Company agrees to render and pay full City ad.
<br />valorem taxes on such annexed Land .and -improvements, and tangible
<br />pe:rsozal property.
<br />Under the terms of the Texas Property. Tax. Code (5 _ T3 = OZI , Acts of
<br />the 55th Texas Legislature, Regular Session, 1979, as am, ended)!.
<br />the appraised value for tax purposes of the annexed. portion, of
<br />Land., improvements, and tangible personal property -shall be
<br />determined by the Harris County Appraisal. District. The- parties
<br />hereto recognize that said Appraisal District has no authority to
<br />appraise the Land, improvements_, and tangible personal property in
<br />the, unannexed area, for the purpose of coriputin5 the "in lieu'r
<br />
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