O-1987-1570 - Laserfiche WebLink

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e . Industrial District Agreement - 9 render its written decision as promptly as practicable. That decision shall then be final and binding upon the parties, subject only to judicial review as may be available under' the '. Texas General Arbitration Act (ArtiCles 224-23'8, - Vernon's Annot- ated Revised Civil Statutes of Texas). Costs of the arbitration shall be shared equally by the Company and the City, provided that each party shall bear its own attorneys fees. (C) Should the provisions of Article II of this Agreement become impossible of enforcement because of of any material delay or failure to act on the part of the Harris County Appraisal District, then and in any of such events, the City shall have the right to appoint an independent appraiser, whose appraisal shall be treated for all purposes in this Agreement as if it had been made by the Harris County Appraisal District. . VII. City shall be entitled to a tax lien on Company's above-described property, all improvements thereon, and all tangible personal property thereon, in the event of default in payment of "in lieu of taxes" payments hereunder, which shall accrue penalty and interest in like manner as delinquent taxes, and ~hich shall be collectible by City in the same manner as provided by law for delinquent taxes. VII1. Company has previously provided to City at Company's' expense, a survey plat and field note description of the land and improvements have been annexed in accordance with the provisions of Article II above. Such annexation tract is contiguous to a point on the exist- ing corporate limits of La Porte. ~.