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<br /> nn f; ~ <br /> u . <br /> ^' I" <br /> 9 <br />three-party transfer agreement under which all of the rights and <br />obligations of the parties hereunder will be preserved, although <br />the named parties to this Agreement may be amended to include the <br />financing party. <br /> C. In addition to the aforesaid permitted assignments, this <br />Agreement may be assigned to a new owner 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 HEB or the <br />assignee are indebted to the City for ad valorem taxes or other <br />obligations. <br /> 8. <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 thàt this <br />value may change during the term 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 />