City Incentives. City shall waive the Application fees and shall accept the Prior Improvements as City infrastructure. City shall also name the north-south street improvements from Third Street to Charolais Heights “Xxxxxxxxx Road” and the connecting bridge at Third Street “Xxxxxxxxx Bridge.” As part of the bridge access, the City will engineer and construct a pass-way under the bridge or over the roadway to accommodate farm equipment to access both hay fields on either side of the roadway. City shall also xxxxx Xxxxxxxxx Ranch and its successors approval to partition and sell the four parcels referenced above and contained in Exhibit A in accordance with the Laws and this Agreement.
City Incentives. The City offers the following incentives for Developer to fulfill its obligations and representations as set forth in this Agreement relating to developing the Project on the Property:
City Incentives. Subject to Xxxxxxx’s performance of its obligations as required by this Agreement and determination that Grantee is in compliance with the provisions of this Agreement in all material respects, to promote local economic development pursuant to the Program, the City shall grant Grantee the following economic development incentives:
City Incentives. (a) Landlord and Tenant acknowledge and agree that Tenant is presently negotiating certain agreements (which agreements shall be acceptable to Tenant in its sole discretion) with the Deputy Mayor for Economic Development and Rebuilding and/or the New York City Economic Development Corporation (and/or other agencies or instrumentalities of New York City) which are necessary in order to implement the conversion of certain New York State and/or New York City sales tax exemptions which Tenant or an Affiliate of Tenant is presently eligible for into real estate tax abatements or tax exemptions (or other benefits) benefiting Tenant or an Affiliate of Tenant at the Premises and/or at the building known as 383 Madison Avenue, New York, New York (such real estate tax axxxxxxxxx xx xxx xxxxxxxxxx xx xxxxx xenefits are hereinafter referred to as the "City Incentives" and such agreements are hereinafter referred to as the "Incentives Agreements"). Tenant shall use good faith diligent efforts to complete the Incentives Agreements and to file and prosecute any applications which are necessary in connection therewith.
City Incentives. (a) Landlord and Tenant acknowledge and agree that Tenant reserves the right to negotiate certain agreements with the Deputy Mayor for Economic Development and Rebuilding and/or the New York City Economic Development Corporation (and/or other agencies or instrumentalities of New York City) for certain economic incentives with respect to the Lease and this Second Amendment (the "City Incentives").
City Incentives. As an inducement to the Developer to enter into this Agreement and perform its obligations hereunder, the City agrees to provide the following incentives subject to the achievement of the Closing described below:
City Incentives. As set forth in the Approved Budget and in separate agreements executed by the City Parties, the City Parties and Midlothian Economic Development have agreed to provide, and will provide, the following economic incentives to the Owner: land contribution, waiver of fees for building permits for construction per the Approved Budget, construction sales tax, sales tax credit (2% of actual taxable sales generated for the first 8 years of operations), property tax credit (80% of City of Midlothian property taxes for the first 8 years of operations), Transient Occupancy Tax (7% of rooms revenue, rebate of 80% for the first 8 years of operations). Collectively, the “City Incentives,” the City Incentives with respect to sales tax, property tax, and transient occupancy taxes are subject to the terms and conditions of the specific separate agreements between the City Parties and the Developer Parties.
City Incentives. Identify all incentives to be provided by the City upon satisfaction of the requirements
City Incentives. In consideration of G2V’s promises as described below, the City will provide the following: fast-track plan check and building permit issuance for G2V’s proposed facilities; construction of associated public infrastructure as identified in Exhibit B; a waiver of impact fees applicable to 1,075,000 square feet of G2V’s proposed project’s office and manufacturing space; water and wastewater availability applicable to and limited to G2V’s operational requirements in an amount not-to-exceed 375 acre feet per year; expedited facility inspections as required throughout the construction of the project’s 1,075,000 square feet of space; support for G2V’s request for, applicable New Mexico incentives, including, but not limited to, the Job Training Incentive Program, Manufacturing Investment Tax Credit, and High Wage Tax Credit; and
City Incentives. Tenant expects the City of DeSoto, Texas (the “City”) to provide certain tax incentives in connection with Tenant’s occupancy of the Premises (the actual incentives received, the “City Incentives”). Landlord and Tenant anticipate that the City Incentives will be provided through either a reduction in Taxes payable with respect to the Project or as a rebate paid to Landlord. Landlord agrees to provide to Tenant the full benefit of the City Incentives actually received by Landlord by either reducing the amount of Taxes payable by Tenant under this Lease by the amount of the City Incentives received (if Landlord receives the City Incentives through a reduction in Taxes) or by paying to Tenant any City Incentives actually received by Landlord in the form of a rebate (after deducting any amounts then due and payable by Tenant under this Lease). Nothing contained herein shall be construed as a guaranty by Landlord of Tenant’s right or ability to receive the City Incentives and the City’s failure to provide any City Incentives shall not affect Landlord’s and Tenant’s respective rights and obligations under this Lease; provided that Landlord shall be required to provide Tenant the full benefit of any City Incentives actually received by Landlord as stated herein.
