Common use of Additional Recitals Clause in Contracts

Additional Recitals. 2.1 The previously stated Recitals are incorporated herein and made a part hereof as though fully set forth. 2.2 The City has determined that the long-term operation of the E-Commerce Distribution Facility will result in substantial benefits to the City, and its citizens including, without limitation, the creation of significant new numbers of employment opportunities, property tax revenues, sales tax revenues and other ancillary benefits. Accordingly, the City has also determined that its entry into this Covenant Agreement and the performance of the Covenants by Owner serve a significant public purpose, while providing only incidental benefits to a private party.

Additional Recitals. 2.1 The previously stated Recitals are incorporated herein and made a part hereof as though fully set forth. 2.2 The City has determined that the long-term operation of the E-Commerce Distribution Facility will result in substantial benefits to the City, and its citizens including, without limitation, the creation of significant new numbers of employment opportunities, property tax revenues, sales tax revenues and other ancillary benefits. Accordingly, the City has also determined that its entry into this Covenant Agreement and the performance of the Covenants by Owner serve a significant public purpose, while providing only incidental benefits to a private party.