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<br /> ~3rr <br /> 1012- 7? if <br /> {..J:-: <br /> 8 <br />Agreement may be assigned to a new o~ner or lessee of the facility <br />with the written consent of the city Council, which consent shall <br />not be unreasonably withheld. Any assignment shall provide that <br />the assignee shall irrevocably and unconditionally assume all the <br />duties and obligations of the assignor.. upon the same terms and <br />conditions as set out in this Agreement. Any.assignment of this <br />Agreement shall be to an entity that contemplates the same <br />improvements to the property, except to the extent the improvements <br />have been completed. No assignment shall be approved if the Owners <br />or the assignee are indebted to the city for ad valorem taxes or <br />other obligations. <br /> 8. <br /> .¿ <br /> PROPERTY TAX APPRAISED VALUE <br /> It is understood and agreed between the parties that the <br />Property and all Improvements and Equipment upon the Property shall <br />be appraised at market value for the purposes of property tax <br />assessment throughout the term of this Agreement, and that this <br />value may. change during the tertn of. this Agreement. The <br />calculation of Abated Taxes shall make use of this appraised value <br />as it changes from year to year. <br /> 9. <br /> INDEMNITY <br /> It is understood and agreed betweèn. the. parties that the <br />Owners, in executing this Agreement as owners o~ the Property, and <br />in performing their obligations hereunder, are acting <br />independently, and the City assumes no responsibilities or <br />