O-2020-IDA-150 CRP/TREP New Decade Owner

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immediate annexation proceedings as to all of Company's prope covered by this Agreement, notwithstanding any of the terms provisions of this Agreement. Company agrees that if the Texas Local Government Code Sectio: Chapter 42.044 "Creation of Industrial District is Extraterritorial Jurisdiction" , or Texas Local Government Cod, Chapter 43 "Municipal Annexation", is amended, or any ne, legislation is thereafter enacted by the Legislature of the Stat of Texas which imposes greater restrictions on the right of Cit to annex land belonging to Company or imposes further obligation on City in connection therewith after the annexation of such land Company will waive the right to require City to comply with an such additional restrictions or obligations and the rights of th parties shall be then determined in accordance with the provision of said laws as the same existed on January 1, 2019. V. This Agreement may be extended for an additional period or peri by agreement between City and Company and/or its assigns e though it is not extended by agreement between City and all of owners of all land within the District of which it is a part. VI. A. in the event Company elects to protest the valuation for to purposes set on its said properties by City or by the Harri County Appraisal District for any year or years during the term hereof, nothing in this Agreement shall preclude such protest an Company shall have the right to take all legal steps desired by i to reduce the same. Notwithstanding .such protest by Company, and except as otherwis provided in Article VI(B), Company agrees to pay to City on o before the date therefore hereinabove provided, at least the tota of (a) the total amount of ad valorem taxes on the annexe portions, plus (b) the total amount of the 'Tin lieu of taxes" o the unannexed portions of Company's hereinabove described propert which would be due to City in accordance with the .foregoin provisions of this Agreement on the basis of renditions whic shall be filed by Company. When the City or Harris County Appraisal District (as the case ma be) valuation on said property of Company has been so finall determined, either as the result of final judgment of a court o competent jurisdiction or as the result of other final conclusio of the controversy, then within thirty (30) days thereafte Company shall make payment to City of any additional payment du hereunder, or City shall make payment to Company of any refun due, as the case may be, based on such final valuation, togethe with applicable penalties, interests, and costs. B. Should Company disagree with any independent appraiser selected by City above (which shall be given in writing to appraisal made by th pursuant to Article I Company), Company shall 7