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O-1980-1218
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O-1980-1218
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Last modified
2/15/2017 9:38:57 AM
Creation date
7/20/2006 11:38:10 AM
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Template:
Legislative Records
Legislative Type
Ordinance
Legislative No.
O-1980-1218
Date
7/16/1980
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<br />e <br /> <br />e <br /> <br />. <br /> <br />e <br /> <br />. Industrial District Agreement - 7 <br /> <br />County Appraisal District for any year or years during the terms <br />hereof, nothing in this Agreement shall preclude such protest and <br /> <br />Company shall have the right to tak~ all legal steps desired by it <br />to reduce the same. Notwithstanding such protest by Company, Company <br /> <br />agrees to pay to City on or before the date therefor hereinabove <br /> <br />provided, at least the total of (a) the total amount of ad valorem <br />taxes on the annexed portions, plus (b) the total amount of the "in <br /> <br />lieu of taxes" on the unannexed portions of Company's hereinabove- <br /> <br />described property which would be due_~y Company to City in accord- <br />ance with the foregoing provisions of this Agreement on the basis of <br /> <br />renditions which shall be timely filed by Company with City's Tax <br />Assessor-Collector or with both the City and the Harris County <br /> <br />Appraisal District (as the case may be) for that year. <br /> <br />When the <br /> <br />City or Harris County Appraisal District (as the case may be) valua- <br />tion on said property of Company has been so finally determined, <br /> <br />either as the result of final judgment of a court of competent juris- <br /> <br />diction or as the result of other final conclusion of the controversy, <br /> <br />then wi thin thirty (30) days thereafter Company 'shall make payment <br /> <br />to City of any additional payment due hereunder based on such final <br /> <br />e <br /> <br />valuation. <br /> <br />(B) Should Company disagree wi th any appraisal made by the <br />independent appraiser selected by City pursuant to Article II(B) <br />above (which shall be given in writing to Company), Company shall, <br />within twenty (20) days of receiving such copy, give written notice <br /> <br />'" <br /> <br />to the Ci ty of such disagreement. <br /> <br />In the event Company does not <br /> <br />give such written notice of disagreement within such time period, <br /> <br />the appraisal made' by said independent appraiser shall be final and <br /> <br />controlling for purposes of the determination of "in lieu of taxes" <br /> <br />payments to be made under this Agreement. <br /> <br />Should Company give such notice of disagreement, Company shall <br /> <br />also submit to the City with such notice a written statement setting <br />
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