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<br />. ' <br /> <br />.e ' <br />~. , <br />, , <br /> <br />e <br /> <br />INDUSTRIAL AGREEMENT, Page 4. <br /> <br />result of other final conclusion of the controversy, then within <br />thirty (30) days thereafter Company shall make payment to City <br />of any additional payment due hereunder based on such final <br />valuation. Even though Company does protest the valuation set <br />on its said properties by Harris County, Company will pay to <br />City on or before the tim~ therefor hereinabove provided the <br />total amount of the payment in lieu of taxes which would be due <br />by Company to City in accordance with the foregoing provisions <br />of this paragraph (2) on the basis of renditions filed by Com- <br />pany with the Tax Assessor of Harris County for that year. <br />Should the City Commission, by resolution duly <br />adopted by a majority of its members within thirty (30) days <br />after the ad valorem tax assessment on Company's said property <br />within the District is fixed by Harris County for any year <br />during the term hereof, determine that such assessment is more <br />than twenty percent (20%) less than the assessment for that year <br />by Harris County of comparable properties within the District, <br />the City may question Company's said assessment for the purpose <br />of this agreement by so notifying Company in writing. Such <br />written notice shall be given Company within six (6) days after <br />the adoption of such resolution by registered United States mail <br />addressed to Company at P.O. Box 685, La Porte, Texas, and the <br />same shall be accompanied by a true copy of such resolution. <br />If Company and City then do not agree on an assessment, City <br />may within three (3) months after the delivery of such notice <br /> <br />petition the District Court of Harris County for a declaratory <br /> <br />judgment to be tried as other civil causes in which City must <br />establish by a preponderance of the evidence that the assessment <br />of Company's said property for that year is in fact more than <br />twenty percent (20%) less than the assessment by Harris County <br />for that same year 9f comparable properties. If final judgment <br />is entered in any such suit declaring Company's said assessment <br />to be more than twenty percent (20%) less than said assessment <br />by Harris County of comparable properties and determining in <br />