Business Subsidy Sample Clauses

Business Subsidy. While the Assessment Amount does not constitute a “business subsidy” as defined by Minn. Stat. §116J.993, subd. 3(1), of the Business Subsidy Act, Minn. Stat. §§116J.993 to 116J.995 because it is in an amount less than $150,000, any reduction in the Assessment Amount that is greater than $25,000 is subject to reporting requirements contained in Minn. Stat. §116J.994(8)(b). The public purposes of the reduction in the Assessment Amount are assisting development of the Property for the installation of storage units which will better serve the needs of the community and the increase of the tax base of the City and the State. Wage and job goals are not among the public purposes included. The Developer must submit a report to HEDRA containing information that allows HEDRA to submit the reports required by Minn. Stat. §116J.994(8)(b) and (c). If, the Developer fails to provide a report, the Developer must pay HEDRA a penalty of $100 for each subsequent day until the report is filed. The maximum aggregate penalty payable is $1,000.
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Business Subsidy. The parties agree and understand that the financial assistance described in this Agreement does not constitute a business subsidy within the meaning of the Business Subsidy Act, because the assistance is for housing, an enumerated exception under Section 116J.993, subdivision 3(7) of the Business Subsidy Act. The Developer releases and waives any claim against the Authority and its governing body members, officers, agents, servants and employees thereof arising from application of the Business Subsidy Act to this Agreement, including without limitation any claim that the Authority failed to comply with the Business Subsidy Act with respect to this Agreement.
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Business Subsidy. The parties agree and understand that the Purchase Price is at least equal to the market value of such property, and that the conveyance described in this Agreement does not constitute a “business subsidy” within the meaning of Minnesota Statutes, Sections 116J.993 to 116J.995, as amended.
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Business Subsidy. A. Land sale proceeds: City will write down the purchase price of the Sliver Lot and Lot 5, representing assistance in the aggregate amount of $267,700 (see Section 1, above).
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Business Subsidy 
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Related to Business Subsidy

  • Certified and Minority Business Enterprises Reports Upon Customer request, the Contractor shall report to the requesting Customer the Contractor’s spend with certified and other minority business enterprises in the provision of commodities or services related to the Customer’s orders. These reports shall include the period covered, the name, minority code, and Federal Employer Identification Number of each minority business utilized during the period; commodities and services provided by the minority business enterprise, and the amount paid to each minority business enterprise on behalf of the Customer.

  • Business Tax The Consultant represents and warrants that it currently has a City business tax certificate or exemption, if qualified, and will maintain such certificate or exemption for the Master Agreement term.

  • Insurance Companies Insurance required hereunder shall be in companies duly licensed to transact business in the State of Washington, and maintaining during the policy term a General Policyholders Rating of ‘A-’ or better and a financial rating of ‘IX’ or better, as set forth in the most current issue of “Best’s Insurance Guide.”

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