1977-06-09 Regular Meeting - Laserfiche WebLink

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• • C• N 5, Prepare a permanent record card on each parcel of land included in Item 2 above for the City tax office. These records will contain the property description, recommended land valuation, and how determined, a dimensional sketch of any improvements on the land, complete with details of construction, recommended values for the improvement and how determined, and any other data pertinent to the particular property. 6. Assist the Tax Assessor -Collector in setting up records on the above proper- ties, achieving equalization throughout the taxing jurisdiction, and meeting deadlines and legal requirements for each of the years. 1978, 1979, and 1980. 7. Prepare recommended City assessments and "in lieu of taxes" payments for each industrial plant within the City's Industrial Districts in accordance with the current Industrial District agreements between the various industries and the City. This will be done for tax years 1978 and 1979. In 1979, will assist the City in negotiating new Industrial District contracts, and prepare the tax data for 1980 in accordance with these new contracts. 8.. Work with the Tax Assessor -Collector, the Board of Equalization, the_ Mayor, and City Commission to promote harmony and understanding. 9. Sit with the Board of Equalization at their meetings as necessary and make available information relating to property values which may be used by them as they see fit in determining the values which should be assigned to properties coming before them. THE SECOND PARTY also agrees that in the event the recommended values are protested by the owners or representatives of the property, SECOND PARTY will furnish expert testimony at their own expense in the District Court of Harris County, Texas. IT IS FURTHER UNDERSTOOD by both parties hereto, that the re -cord cards mentioned in Item 5 above will become the exclusive property of the City of La Porte, and the City may sell or share this information with any other taxing jurisdiction as they may see fit. - 3-