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<br />er er <br /> <br />EXHIBIT "c" <br /> <br />TO. INDUSTRIAL DTSTRICT AGREEHENT <br />BET\^JEEN LA PORTE, TEXAS ("CITY") <br />AND LAI PROPERTIES, INC. ("COMPANY") <br />DATED JANUARY 1, 1984 <br /> <br />:- <br /> <br />Notwithstanding anything in th~s Agreement to the apparent <br />contrciry',,;t~e,,' execution 'and delivery of this Agreement by the <br />parties, is in full,. final ,and complete satisfaction of all <br />claims by,:the:I',:p~~ti.e.-~'_for;;ad 7:al:or~Irr ,tax matters (including all <br />tax, penalti""es(anddirlterest'):'for',1983 'and 'prior years~ brfor any <br />refunds ther~of. Company has, simultaneously with the execution <br />of this Agreement, tendered to City its payment of $14,891.80 for <br />- ~ ,. . . ._ ~ f. '", t. .. .. , '. -;. ,-, ",. ,... <br />payment d~ :i~?~ll~q:UEmt _~~,ge2 ',ad:, valprem,taxes and ,penalty and <br />interest thereon, and current 1983 ad valorem taxes. City, by <br />execution,: h_~r:eo~":'agrees,,,:to: .credit ,Company with payment in <br />advance o:f _ ,""in'rlieu ,of.taxes~t' paymen'Cs~' for' calendar 'years 1984, <br />1985 and _.l98,6 hereunder,.. : D\,1ring, such years,. Company shall only <br />be obligated~ ;to; 'pay the ad valorem tax on twenty-five percent <br />(25%) of the value of Company's taxable property covered by the <br />terms of this Agreement, as more fully described herein. <br />