Agreement to Pay Taxes. Redeveloper agrees to pay all real property taxes levied upon the Redeveloper Property and Private Improvements prior to the time the taxes become delinquent. This contractual obligation to pay such taxes prior to delinquency shall cease upon expiration of the Tax Increment Period, but the City in no way waives the statutory obligation to continue to pay real estate taxes. This provision shall not be deemed a waiver of the right to protest or contest the valuation of the lots or improvements for tax purposes.
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Samples: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement
Agreement to Pay Taxes. Redeveloper agrees to pay all real property taxes levied upon the Redeveloper Project Property and Private Redeveloper Improvements prior to the time the taxes become delinquent. This The contractual obligation by Redeveloper to pay such taxes prior to delinquency shall cease upon expiration of the Tax Increment Period, but the City in no way waives the statutory obligation of Redeveloper to continue to pay real estate taxes. This provision shall not be deemed a waiver of the right to protest or contest the valuation of the lots Project Property or improvements Redeveloper Improvements for tax purposes.
Appears in 1 contract
Samples: Redevelopment Agreement
Agreement to Pay Taxes. A. Each Redeveloper agrees to pay all real property taxes levied upon the its Redeveloper Property and its Private Improvements prior to the time the taxes become delinquent. This .
B. The contractual obligation by Redeveloper to pay such taxes prior to delinquency shall cease upon expiration of the Tax Increment Period, but the City in no way waives the statutory obligation of Redeveloper to continue to pay real estate taxes. This provision shall not be deemed a waiver of the right to protest or contest the valuation of the lots or improvements for tax purposes.
Appears in 1 contract
