Change in Use to Tax-Exempt. The Project could be acquired by a party that devotes it to a use which causes the property to be exempt from real property taxation. Taxes and tax increments would then cease.
Appears in 4 contracts
Samples: Development Assistance Agreement, Contract for Private Development, Development Agreement
Change in Use to Tax-Exempt. The Project could be acquired by a party that devotes it them to a use which causes the property to be exempt from real property taxation. Taxes and tax increments would then cease.
Appears in 2 contracts
Samples: Contract for Private Development, Tif Assistance Agreement
