09071955 Regular Meeting - Laserfiche WebLink

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STATE OF TEXAS COUNTY OF HAYS THIS AGREE= made and entered into this the day of , 1955, by and between Erik Ehrenborg Appraisal Company of Dallas, Texas, :Party of the First Part, and the City of San Marcos, Texas, Party of the Second Part: W I T N E S 3 E T H The Party of the First Part agrees to furnish the Party of the Second Part the following services in the methods of Realty Valuation for taxation purposes of all taxable improvements, lots and parcels of land within the limits of Party of the Second Part. 1: BUILDINGS & 112ROVJIUNTS ..The Party of the First Part agrees to measure and describe all buildings and improvements upon lots and parcels inside the limits of Party of the Second Part, applying factors of valuation and depreciation for each, based upon a normal cost of new reproduction, or any years cost factor designated by Party of the Second Part, with specific depreciation expressed in one percentage, for consideration of mechanical deterioration, obsolescence, age and lack of utility. Data and information of each building will be tabulated on a permanent card record, size 5" x 8 ", showing size, class and kind, as well as all pertinent information necessary in determining, the valuation and depreci- ation of the structures as ascertained by local investigation. 2: LAND The Party of the First Part agrees to furnish the services of experts in land valuation methods, who will set lot or agreage units on each single street inside the limits of the Party of the Second Part, for the approval of a local board consisting of three (3) or more members appointed and furnished by the Party of the Second Part and at no cost to Party of the First Part. Upon approval by the committee of these units the organization will compute the valuation of all tracts accurately, proportionately and truly, also taking into consideration contours, of the land as well as depreciation for creeks, etc. 3: MAPS The Party of the First Part agrees to furnish the Party of the Second Part a complete set of block maps and ownership sheets of all property inside the limits of the City of San Marcos Texas. Ownerships to be taken from last tax roll and information gained in the field. The Party of the Second fart agrees to allow the Party of the First Part the use of all existing maps and records. 4: BUSIV7•1SS AND PERSONAL PROPE'RTY', INDUSTRIAL PLANTS AND PUBLIC UTILIT ES The party of the First Part agrees to furnish the services of experts in the valuation of all Business, Industrial and Public Utilities and make an appraisal of same. It is expressly understood that this contract will not include personal property in homes, automobiles, live stock, jewelry, stock and bonds or any intangible property. However, an automobile and truck schedule will be supplied for guidance of assessor. 5: EXEMPT PROPERTIES This service shall not include any Personal or Realty properties exempt from taxation inside the limits of the Party of the Second Part, 6: GENERAL The Party of the First Part agrees to instruct the assessor in the use of the methods of valuation and computation, so that the system in- stalled may be continued and kept up to date in the future.