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.-, � <br />determined to be due as a result of any such protest or contest. For the purposes of this <br />Agreement, the initial value of the existing real and personal property (not subject to <br />abatement) shall be deemed to be the value as shown on the tax rolls of the Lamar County <br />Appraisal District as of January l, 2013. The current abatement which is the subject of this <br />Agreement shall extend for a period of ten (10) years beginning January 1, 2014. <br />7.2 The abatement ganted herein shall be subject to and governed by the Guidelines <br />and Criteria for Tax Abatements, a copy of which is attached hereto as Exhibit F, and Owner <br />shall comply with the requirements of Exhibit F in the performance of this Agreement, save and <br />except that, in the event of a conflict betwcen the requirements of E�ibit F and this Agreement, this <br />Agraement shall control. <br />7.3 Owner covenants and agrees that subsequent to the date of this Ageement, any <br />application by Owner for a new tax abatement for equipment or real property located within the <br />Property and the Reinvestment Zone applicable to this Agreement shall be subject to and <br />governed by the City's Criteria and Guidelines for Tax Abatement in efFect at the time of the new <br />application. <br />VIII. <br />No Conflict of Interest <br />8.1 The Owner represents and warrants that the Property does not include any <br />Property that is owned or leased by a member of the Planning and Zoning Commission of the <br />City of Paris, nor by a member of the City Council approving, or ha�ing responsibility for the <br />approval of, this Ageement. <br />IX. <br />Conditions <br />9.1 The terms and conditions of this Agreement are binding upon and enforceable <br />against and with respect to the successors and assigns of all parties hereto. <br />9.2 It is understood and agreed between the parties that the Owner, in performing its <br />obligations hereunder, is acting independently, and the City assumes no responsibility or <br />liability in connection therewith to third parties; and Owner agrees to indemnify and hold <br />harmless the City therefrom. It is further understood and agreed among the parties that the City, <br />in performing its obligations hereunder, is acting independently, and the Owner assumes no <br />responsibility or liability in connection therewith to third parties and, to the extent permissible <br />by law, the City agees to indemnify and hold harmless the Owner therefrom. <br />X. <br />Compliance Provisions <br />10.1 The Owner agees that the City, its agents and employees, shall have the <br />reasonable right of access to records concerning the Owner's investment in the Improvements for <br />the purpose of conducting an audit of the project Improvements and project costs. Any such audit <br />shall be made only after giving the Owner notice at least fourteen (14) days of notice in writing <br />in advance and will be conducted in such a manner as to not unreasonably interfere with the <br />operation of the facility. Upon request, the Owner will provide the City with a detailed <br />Asset Report with an itemized list of assets placed into service from the date of execution <br />of this Agreement to the date of completion. The Asset Report will provide for each asset <br />