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Company shall have the right to take all legal. steps desired by it <br />to reduce the same. <br />Notwithstanding such protest by Company, anal except as otherwise <br />provided in Article V'r(B), Company agrees to pay to City on or <br />before the date therefor hereinabove provided, at least the total <br />of (a} the total amount of ad valorem taxes on the annexed <br />portions, plus {b) the total. amount of the °in lieu of taxes" oxa <br />the unannexed portions of Company's hereinabove described property <br />which would be due to City in accordance with the foregoing <br />provisions of this Agreement on the basis of renditions which <br />shall be filed by Company. <br />When the City or Harris County Appraisal District. (as the case may <br />be} valuation on said property of Company has been so finally <br />determined, either as the result of final judgment of a count of <br />competent jurisdiction or as the result of other final conclusion <br />of the controversy, than within thirty (30) days thereafter <br />Company shall make payment to City of any additional payment due <br />hereunder, ox City shall make payment to Company of any refund <br />due, as the case may be, based an such final valuation, together <br />with applicable penalties, interests, and costs. <br />B. Should Company disagree with any appraisal made by the <br />independent appraiser selected by City pursuant to Article II <br />above (which shall. be given in writing to Company}, Company shall, <br />within twenty. (2 Q} calendar days of receiving City`s invoice, gave <br />written notice to the City of such disagreement. rn the event <br />Company does not gave such written notice of disagreement within <br />such time period, the appraisal made by said independent appraiser <br />shall be final and controlling for purposes of the determination <br />of "in lieu of taxes' payments to be made under this Agreement. <br />Should Company give such notice of disagreement, Company shall <br />also submit to the City with such notice a written statement <br />setting forth what Company believes to be the market value of <br />Company's hereinabove described property. Both parties agree to <br />thereupon. enter into goad faith negotiations an an attempt to <br />reach an agreement as to the market value of Campany~s property <br />for "in lieu" purposes hereunder. If, after the expiration of <br />thirty 4?Q) days from the date the natir~ of dasagreeme~at was <br />received by City, the parties have not reached agreement as to <br />such market value, the parties agree to submit the dispute to <br />final arbitration as provided in subparagraph 1 of this Article <br />vac {B} . <br />~Totwithstandirzg any such disagreement by Company, Company agrees <br />to pay to City on or before December 3I of each year during the <br />term hereof, at least the tat a7. of (a) the ad valorem taxes on the <br />annexed partiox~s, plus (b) the tata]. amount of the '~ixx lieu" <br />payments which would be due hereunder on the basis of Company's <br />written valuatior~~ statement submitted to City by Company <br />hereunder, or the total assessment and ttin lieu of taxes" thereon <br />for the last preceding year, whichever is higher_ <br />7 <br />