1987-12-07 Workshop Meeting and Called Regular Meeting

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./ e 1'- \ Industrial District A~reement - 7 ,- County Appraisal Dis'trict - - for any year or years during the terms hereof, nothing in this Agreement shall preclude such protest and - -- Company shall have the right to take all legc:ll steps desired by it to reduce the same. Notwithstanding such protest by Company, Company agrees to pay to Ci ty on or before the date 1'~ therefor hereinabove provided, at least the total of (a) the total amount of ad valorem ". ,_.~ ,_ ;: .... - \" :~."., '. :.~ I:",", taxes on the annexed P?rtions, plus (b) the total amount of the "in ~ . .. :..: _ ~ I" 'tU" ,. lieu of taxes" on the un'arme'xed'port{onsof Company' s' hereinabove- ::.~' ~~~ 4 '_ i; ',... ~: ",4 ,.": described property which would be due by Company to City in accord- .. '. ~ .... .. '- . , . . '- ". ..- r -,' ,,~ - "'- ance with the foregoing provisions of this Agreement on the basis of _,,' ,", -= ~ 'V- - :: t - ........ .......... __ . rendi tions vlh ich .'.... .'.. ,..... " ,". ,'-. .,. C..:. i~"- ,(_:. -,'- .:.'- .. ,-' shall' be-'\~imely . filed by Company \vith City's Tax "- Assessor-Collector or vi i th both the City and the Harris County Appraisal District (as the case may be) for that year. \-1hen the Ci ty or Harris County Appraisal District (as the case r.l.ay be) valua- tion on said property of Cor..?any has been so finally deterr:lined, either as the result of final judgr.l.ent oi a court'of cOr.l.petent juris- diction or as the result of other final conclusion of the controversy, then within thirty (30) days thereafter Company shall make payment to City of any additional payment due hereunder based on such fina= valuation. (B) Should Company disagree wi th any appraisal made by thl independent appraiser selected by City pursuant. to Article II(D above (\vhich shall be given in writing to Company) I Company shall within twenty (20) days of receiving such cO~YI give written notic to the Ci ty of such disagreement. In the event Company does no give such vlritten notice of disagreement within such time period the appraisal made by said independent appraiser shall be finc:ll c:ln controlling for purposes of the determination of "in lieu of taxes payments to be Jnc:lcle under this l\greement. Should Company ~ lve sLlch notice 9f d isa~reement, Company 5hal also sublnit to the City with such notice a \-lritten statement settir