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payments hereunder. Therefore., the parties agree that the <br />appraisal of. the Land, improvements, and tangible perso4al <br />property in the %una.4nqrxed area shall be conducted by City, at <br />City's expense,, b appraiser of Cityl.s, selection. <br />,..y an independent <br />The . parties tecogdi.Ma thatin making such appraisal for Firs lieu" <br />payment purposes, such -appraiser, mustof necessity appraise ' the <br />entire (annexed and unannexed) Land, i-Tftprovements, and tangible <br />personal property - <br />Nothing herein contained shall. ever be interpreted as lessening <br />the authority of the Harris County Appraisal District, to establish <br />d the appraisevalue of Land, improvements, and tangible personal <br />nal <br />property in the annexed portion, for ad valorem tax purposes - <br />III. <br />A.. The properties upon which the ninlieu. of" taxes. are assessed <br />are more fully described in -subsec.t3ions. j., 2, and 3 of subsection <br />C, of this Paragraph 11T (sometimes collectively called the <br />nProperty"); provided, however, pollution control equipment <br />installed . on: the Land which is eXtmpt from ad valorem taxation <br />pursuant to the provisions of Sec.11.31 of the Texas Property Tax <br />Code is exempt from ad valorem taxation and ffin lieu of. taxes,, <br />hereunder. Property included in this Agreement shall. not: be <br />entitled to an agricultural use exemption for purposes of <br />computing --in lieu of ta:kea:,-' hereunder.. <br />B. On or before the :later. :of December '31, 2008, or 30 days from: <br />mailing of tax bill And in like manner on or before each December <br />31st thereafter, through and '.including December 31., 2.0I9,. Company <br />shall pay to City an Amount of '--.in lieu of taxes" on ComPa4yls <br />Property as of January ist of: the: current calendar year ("Value <br />Year") <br />C: Company and City '' ing percentages <br />agree that: the follow' t <br />OlPercentage, Amount") shall ap .ply during each of the Value Years: <br />value <br />Year <br />2008 <br />6,210 <br />Value <br />Year <br />2009:, <br />62% <br />Val-MB <br />Year <br />2010: <br />629. <br />`Va-lue <br />year <br />2 DII.- <br />6 21 t <br />Value <br />Year <br />2012:. <br />62 <br />Value. <br />Year <br />2013: <br />6.2-0. <br />Value <br />Year <br />2014: <br />63!k <br />Value'Year <br />2015- <br />631%. <br />Value <br />:Year <br />2016: <br />63: . !09 <br />Value <br />Year <br />2017t <br />63-* <br />Value <br />Year <br />2018: <br />63!k <br />Value <br />Year <br />2019:: <br />630 <br />Company 4g.rees to pay to City an amount. of "in lieu of <br />taxes" on Company-s :and,. ;improvements and tangible <br />.personal property in the unannexed area eqaa2 to the sum <br />of - <br />3 <br />