1984-01-18 Regular Meeting - Laserfiche WebLink

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.. . • • for in prior contracts in a completely satisfactory manner, and having adequately demonstrated their skills and expertise in the matter of making appraisals and handling Industrial District Contracts, and the firm's President, Hugh L. Landrum is completely familiar with-.the taxable property in the City of La P'grte and the Industrial District Contracts, and is certified by the State of Texas, as Tax Assessor under a Contract with his firm; now IT IS THEREFORE AGREED by and between the City of L~ Porte, Texas, acting herein by its duly authorized Mayor and City Council, FIRST PARTY, and the firm of Hugh L. Landrum & Associates, Inc. of Houston, Harris County, Texas, SECOND PARTY, as follows: SECOND PARTY AGREES: That Hugh L. Landrum will assume the duties of Tax Assessor for the City of La Porte • with responsibilities as follows: _ 1. Work with the Harris County Appraisal District to apprise them of the area of each industrial plant that is annexed by the City of La Porte, and, therefore, subject to their assessment and a City ad valorem tax. This will apply to newly annexed areas of the City as well. 2. See that he and/or his firm appraises the unannexed portion of each industry that has an Industrial District Contract with the City and prepare the billing for "in-lieu of taxes" payment for each. 3. Obtain a listing from the Harris County Appraisal District of all taxable property in the City, review the property as possible for accuracy and equity, and report to the City Administration and Council the findings. 4. Make a report to the City Administrators of the estimated tax assessment and "in-lieu of taxes" values, assist them in preparing an effective tax rate, and assist as necessary in establishing an actual tax rate to provide the necessary funds for the City. 5. Work with the City on any new Industrial District Contracts and in re-negotiating the present Contracts prior. to their expirations in 1986. • 6. Work with the City Administration, the Mayor, and the City Council to promote the welfare of the City in connection with ad valorem taxes and with Industrial management of the area. FOR AND IN CONSIDERATION of the skilled services, technical knowledge, and experience of SECOND PARTY in the performance of the duties and obligations of Tax Assessor, the appraisal of those portions of industries subject to an "in-lieu of taxes" payment, and the information and assistance given to the City of La Porte, Texas, FIRST PARTY agrees and obligates itself to compensate SECOND PARTY by payment to SECOND PARTY the sum of THIRTY-TWO THOUSAND DOLLARS ($32,000.00) for each of the calendar years 1984, 1985, and 1986, equal payments to be made quarterly upon • -2- 3