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<br />e <br /> <br />e <br /> <br />Industrial District Agreement - 4 <br /> <br />'\2hEK~~~x~<<x~ilxxllnIXlDIBISRSX1D:lfxi:.iuex~~,t:.~~~~ <br /> <br />~x~xtt\i\:&lJkR~ix~"~~x~.lDRx~18.x~ <br /> <br />1J.QB~xQII1Il1llitlfX~~<<Xx'i1ll.x~B.x:t.iltsx~X>x~ <br /> <br />tmactx~~~R1D~~.Jl'Jl':I'.:ilfi~XHRRxki.l:Jxli~~ <br />~xt~it&~xIUn[iU1RillxW'~3XJX:Ibbet~~XEtutx1xh:&~ <br />aI:iXCltauqtnica~xbhetx~~'x~i).*-fixRill[illllRliIUfxxx~~ICl!~:K.~xklx.xp~ <br />atCJEGEGEx1xh:nx~x.HKji.ii.fiji.il-xxlilixxt2hetXi.Rlixx~*iXx~x"k~~ <br />peul:sGllm:atkxJlllt&Jl6UIt"k~xiRx*-il~~~x5t&:&:]dcxliix~~xQ:k~~ ' <br /> <br />aExQi~,*sx2SJl'eRae~x~~~~~~~~X\i\:~1It~:ka.xx~x~'~xSGEkGE<<kX~K' <br /> <br />D~x';I;JS:~i.sx~rldi:~"kx~x1It~:ktix:ft1~x~x:flDxx~Ximcxk:k.~~ I <br /> <br />pa~.BKExPlllxplIs.ax~~~~~~xReeessi:t.~x.PPllt.ia.xka.x.Rki~~ <br />~aRRRxe.x.Rlix~kx~xximBxeXil.ilRkixx~x~xPRlItalllll.X <br /> <br />__pxlBI~.x:t.J'xxxiGDmpaR2tx~ x*,~xxti~<<x~~x~x2i~]fx~x.aiGllJt.1Il <br /> <br />:t..SIt.X.RX~~~~X~~~~iXX\i\:&~XHilR9i~iixlD.XBIBIRB.iXlDXIBIH <br />~ <br /> <br />p2rtp <br /> <br />Company also agrees to render to City and pay an amount "in lieu <br /> <br />of taxes" on company's land, improvements, and tangible personal <br /> <br />property in the unannexed area equal to the sum of: <br /> <br />(1) Fifty percent (50% ) of the amount of ad valorem taxes which <br /> <br />would be payable to City if all of the hereinabove described <br /> <br />property which existed on January 1, 1986, had been within the <br /> <br />corporate limits of City and appraised each year by City's <br /> <br />independent appraiser~ and <br /> <br />(2) Thirty percent (30%) of the amount of ad valorem taxes which <br /> <br />would be payable to City on any increase in value of the <br /> <br />hereinabove described property, in excess of the appraised value <br /> <br />of same on January 1, 1986, resulting from new construction and <br /> <br />new acquisitions of tangible personal property, (exclusive of <br /> <br />Construction in Progress, which shall be exempt from taxation), <br /> <br />if all of said new construction and acquisitions had been within <br /> <br />the corporate limits of City and appraised by City's independent <br />