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Company $hall have the night to take all legal steps desired by it <br />to reduce the same. <br />Notwithstanding such protest by Company, and except as otherwise <br />Provided in Article VI(B), Company agrees to pay to City on or <br />before the date therefor hexeinabove provided, at Least the total <br />of (a) the total, amount of ad valorem taxes on the annexed <br />portions, plus (b) the total amount of the "in lieu OX taxes" on <br />the uua2itlexesi portiorxs of Company'$ hexeinabove described property <br />which would be due to City in accordance with thO foregoing <br />provisions of this Agreement on the basis Of renditions which <br />small 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 court of <br />competent jurisdiction or as the result of other final conclusion <br />Of the controversy, then within thirty (30) days thereafter <br />Company shall, make payment to City of any additional payment due <br />hereunder, or City shall mols:e payment to CoMMY of any refund <br />due, as the case may be, based on, 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-rtiele 11' <br />above (which ohall be given in writing to Company), Company shall, <br />within. twenty (20) calendar days of receiving City'$ invoice, give <br />written noticed to the City of such disagreement. In the event <br />Company does not give such written notice of disagreement within <br />such time period, the appraisal made by said independent ap raiser <br />shall be final and controlling for purpoves of the determination <br />Of "in lieu of taxes" payments to be made under this Agreement. <br />Should Company gave also submit such notice of disagreement, Company shall <br />to the City with such notice a written statement <br />setting forth what Company believes to be the market value of <br />Company's hexeinabove described property. Both <br />s agree to <br />thereupon enter into good faith negotiations in a anieattemp to <br />reach an agreement as to the market value of Compay,s property <br />for "in lieu" Purposes hereunder. 1f, after the expiration of <br />thirty (30) days from the slate the notice of diesgxeemen <br />received by City, the Parties have not reached a a was <br />much market value, the paxties agree to submit thes to <br />e dispute to <br />final arbitration are provided in subparagraph 1 of this Article <br />Vi(B). <br />Notwithstanding any such disagreement by Company, Co an a <br />to pay to City on or before Decembex 31 of eachY grass <br />term hereof, at least the total of (a) the ad valorem taxeduring the <br />the <br />annexed portions, plus (b) the total amount of the lin lieu" <br />payments which would be due hereunder on the basis of Company's <br />writt= Vacluationo statement submitted to City by Company <br />hereunder, oz; the total. assessment and nin lieu of tares" thereo <br />for the last preceding year, whichever is higher. n <br />