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<br />. <br /> <br />. <br /> <br />. <br /> <br />TNRCC, within three years of receiving the abatement, a technically complete application for <br />such a permit. <br /> <br />Such agreement normally shall be executed within 60 days after the applicant has forwarded all <br />necessary information and documentation to the County. <br /> <br />Section 6. <br />RECAPTURE <br /> <br />(a) If the facility is completed and begins producing product or service, but subsequently discontinues <br />producing product or service for any reason for a period of 180 days during the abatement period, or <br />one year in the event of natural disaster, then the agreement shall terminate and so shall the <br />abatement of the taxes for the calendar year during which the facility no longer produces. The taxes <br />otherwise abated for that calendar year shall be paid to the County within sixty (60) days from the <br />date of termination. The company or individual shall notify the County in writing at the address <br />stated in the agreement within ten (10) days from any discontinuation, stating the reason for the <br />discontinuation and the projected length of the discontinuation. If the County determines that this <br />subsection has not been complied with, the agreement may be terminated immediately and all taxes <br />previously abated by virtue of the agreement may be recaptured and paid within sixty (60) days of <br />the termination. <br /> <br />(b) If the company or individual is in default according to the terms and conditions of its agreement, the <br />company or individual shall notify the County in writing at the address stated in the agreement <br />within ten (10) days from the default, and cure such default within sixty (60) days from the date of <br />the default ("Cure Period"). If the County determines that this subsection has not been complied <br />with, the agreement may be terminated immediately and all taxes previously abated by virtue of the <br />agreement may be recaptured, together with interest at 6% per annum calculated from the effective <br />date of the agreement and paid within sixty (60) days of the termination. If the County does not <br />receive full payment within said sixty (60) days, a penalty may be added, equal to 15% of the total <br />amount abated. <br /> <br />(c) If the company or individual allows its ad valorem taxes owed the County to become <br />delinquent and fails to timely and properly follow the legal procedures for its protest and/or <br />contest, the agreement then may be terminated, and all taxes previously abated by the <br />agreement may be recaptured and paid within sixty (60) days of the termination, and <br />penalties and interest may be assessed as set out in Section 6(b). <br /> <br />Section 7 <br />ADMINISTRATION <br /> <br />(a) The Chief Appraiser of the County annually shall determine an assessment of the real and <br />personal property comprising the reinvestment zone. Each year, the company or individual <br />receiving abatement shall furnish the assessor with such information as may be necessary for <br />the abatement. Once value has been established, the Chief Appraiser shall notify the affected <br />jurisdictions, which levies taxes of the amount of the assessment. <br /> <br />PAGE 9 <br /> <br />HARRIS COUNTY GUIDELINES AND CRITERIA <br />FOR GRANTING TAX ABATEMENT <br />