County Undertakings. In consideration for the obligations of FPLE Illinois Wind under this Agreement, the County agrees as follows:
County Undertakings. The proceeds of the Bonds allocated to the County will be available to fund qualifying Open Space Projects and related Eligible Transaction Costs and Project Costs which are determined by the Board to meet the purposes established in the Open Space Act and the powers authorized in the November 6, 2018 Open Space General Obligation Bond Ballot more generally described herein at Article II, Section 2.1. Lead Staff will work with the County OLC and the Board to identify, review and assess proposed Open Space Projects. The Board, with review and recommendation from OLC, will determine funding decisions for qualified Open Space Projects. The County will prioritize the investment of Open Space Bond funds, described herein at Section 2.2(a), in the Lolo, Clinton and Turah, Potomac/Xxxxxxxxx, Xxxxxx Lake, Swan, Evaro, Frenchtown and Huson, and Ninemile Planning Regions. The County may conduct future prioritization for the investment of Open Space Bond funds utilizing citizen input and upon the review and recommendation of OLC and the Board. Eligible Transaction Costs and Project Costs will be outlined with more certainty as additional planning, engineering, due diligence and budgeting are developed for each Open Space Project. The County will ensure the proceeds of the Bonds are applied to Open Space Projects in a manner that accomplishes the Open Space Bonds purpose.
County Undertakings. (a) County agrees to a ten (10) year ad valorem tax exemption as to land, project improvements and equipment, pursuant to Section 27-30-000 xx the Mississippi Code, such exemption to be applicable to all County taxes except that there shall be excluded from such tax exemption (and the Project shall be subject to payment of) (i) school district taxes at the millage rate from time to time in effect, and (ii) road and bridge taxes at the millage rate from time to time in effect. The ten (10) year tax exemption under Section 27-30-000 xxxll run separately for each phase of the Project from the time that such phase is placed in service [as provided in Section 27-31-105(1) of the Mississippi Code]. Furthermore, upon the Project reaching a capital investment (hard and soft costs) in land, buildings and equipment of One Hundred Million Dollars ($100,000,000.00), County ad valorem taxes shall be fully exempted, and, pursuant to Section 27-30-000 xx the Mississippi Code, the County agrees to enter into a fee-in-lieu-of-taxes agreement with the owner(s) of the Project (the "Fee in Lieu Agreement"), for a ten (10) year term in the aggregate taking into account any exemption period granted and theretofore expired under Section 27-30-000. Xxe amount paid under the Fee in Lieu Agreement shall be determined in the manner set out in EXHIBIT "D," attached hereto and incorporated herein by reference. The owner(s) of the Project shall be entitled to enter into a separate Fee in Lieu Agreement for each phase of the Project, with the ten (10) year term (aggregated with the exemption period under Section 27-31-101) to run separately for each phase of the Project from the later of the time such phase is placed in service or the time when the Companies' capital investment in land, buildings and equipment reaches One Hundred Million Dollars ($100,000,000.00) [as provided in Section 27-1-105(2) of the Mississippi Code]. EXHIBIT "D" contains an illustration of computation of ad valorem taxes, tax exemptions under Section 27-30-000 xxx fee in lieu of taxes. The Companies understand that the Fee in Lieu Agreement is subject to approval by the Mississippi State Tax Commission (the "Tax Commission") pursuant to Section 27-30-000 xx the Mississippi Code. To that end, County agrees to submit the Fee in Lieu Agreement to the Tax Commission promptly after the execution of this Memorandum of Understanding for preliminary approval of the Fee in Lieu Agreement by the Tax Commission, and, upon t...
County Undertakings. (a) County agrees to lease-purchase an approximately 53,000 square foot building located on approximately 6.3 acres of real estate (the facility) which is more particularly described in Exhibit "B" attached hereto, to the Company under terms and conditions of a lease-purchase agreement to be developed between the County and the Company. At a minimum, the lease-purchase agreement will contain the following items requested by the Company:
County Undertakings. County agrees to designate CA4I as an innovation resource that the County may from time to time utilize to carry out specialized activities. In making this designation, the County pledges only those resources and funding that are either provided through outside grants or specifically approved or agreed to by Greenville County Council (“County Council”).
County Undertakings. In consideration for the obligations of Developer under this Agreement, the County Engineer, on behalf of the County, agrees that he will coordinate and cooperate with the Developer and the Developer’s Parties to minimize the impact of its use of the County Roads on normal local traffic. County Engineer shall engage sufficient personnel to timely respond, inspect, approve, and take actions as contemplated in this Agreement with regards to any construction, repair, or other actions to be completed by the Developer in connection with the Project.
County Undertakings. In furtherance of providing Supplemental Landscaping within the Buffer Planting Project Area, the County (through its Division of Transportation (“LCDOT”)) agrees to:
