1989-11-13 Regular Meeting - Laserfiche WebLink

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e e ! . ~. follow the legal procedures for their protez~ and/or conte:st; or (2) violates any of the terms and conditions of the abatement agreement and fails to cure during the Cure Period, the. agreement then may be terminated and all taxe:s previously' abated by virtue of the agreement will be recaptured and paid within sixty (60) days of the termination. ADMINISTRATION Section 7 (a) The Chief Appraiser of the County shall annually determine an assessment of the real and personal property comprising the reinvestment zone. Each year, the company or individual receiving abatement shall furnish the assessor wi th such information as may be necessary for the abatement. Once value has been established, the Chief Appraiser shall notify the affected jurisdictions which levies taxes of the amount of the ..assessment. (b) The agreement shall stipulate that employees and/or designated representatives of the (affected jurisdiction) will have access to the reinvestment zone during the term of the abatement to. inspect th.e facility to determine if the terms and conditions of .the agreement are being met. All inspections will be made only after the giving of twenty-four (24) hours prior notice and will only be conducted in such manner as to not unreasonably interfere wi th the construction and/or operation of the facility. All inspections will be made with one or more representatives of the company or individual and in accordance with its safety standards. -, (c) Upon completion of construction the (affec~ed jurisdiction) shall annually evaluate each facility receiving abatement to insure compliance with the agreement and report possible violations to the contract and agreement to the (affected jurisdiction) and its attorney. . ASSIGNMENT Section 8 ( Abatement ~ay be transferred and assigned by the holder to a new owner or lessee of the same facility upon the approval by resolution of the (aoverning body) subject to the financial capacity of the assignee and provided that all conditions and obligations in the abatement agreement are guaranteed by the execution of a new contractual agreement. \-"ith the (affected lurisdiction). No assignment or transfer shall be approved if the parties to the existing' agreement, the new owner or new lessee ~re liable to Harris County or any affected jurisdiction for outstanding taxes or other obligations. Approval shall not be unreasonably withheld. '\ - B -