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-, ; <br /> petition referred to in paragraph 1 hereof. <br /> 3 . That upon receipt of said annexation petition, the City <br /> shall annex the Premises to the City as provided by law. <br /> 4 . During the term of this agreement, and subject to <br /> paragraph 5 hereof, the City shall pay to BATH, or its successors <br /> or assigns, annually, an amount equal to the real property tax <br /> levied by the City and Decatur City Library for which the owner <br /> of tne Premises is �iable d�sring that year. Such payment shall <br /> be made by the City upon presentment to the Finance Department of <br /> a copy of the tax bill for said Premises as prepared by the Macon <br /> County Treasurer, and shall be made in one (1) installment. It <br /> is the purpose of this payment, and the intent of the parties <br /> hereto, to abate that portion of real property tax caused by the <br /> annexation of the Premises. <br /> 5. The City shall be liable for the payments described in <br /> paragraph 4 hereof only with regard to those portions of the <br /> Premises for which no building permits have been issued. If the <br /> City issues such a building permit during any year, the City <br /> shall have no liability hereunder to rebate any taxes levied for <br /> that year and payable the following year, regardless of whether <br /> any building is or is not constructed. The termination of the <br /> City's liability, as described herein, shall extend to the whole <br /> of any lot of record for which such a building permit is issued. <br /> 6. Upon and after annexation of the Premises, the city <br /> shall re-zone that portion thereof described on Exhibit A hereto <br /> as B-1 Neighborhood Shopping District, as per Ordinance No. 3512 <br /> of the City, as amended (the "Zoning Ordinance") . <br /> 7 . The provisions of this agreement shall supersede the <br />