Common use of Financing and Incentives Clause in Contracts

Financing and Incentives. Tax Increment Financing to reimburse the Developer for eligible costs of the Infrastructure Improvements (together with cost to privately finance) in accordance with Amended Xxxxxxxxxx Plan #11 shall be paid and applied as provided in the Xxxxxxxxxx Reimbursement Agreement dated , 2018. The City will also support the project, with letters of support from City staff or the Xxxxxxxxxx Authority or with the appearance of City elected officials or staff before appropriate agencies of the state, for amending and retaining Michigan Business Tax Credits that were previously approved for a similar project at this location of $10 million in an effort to reimburse Developer for public infrastructure improvements and make the private portion of the Project economically feasible by filling the gap between the cost of construction and the fair market value of the Project upon completion.

Financing and Incentives. Tax Increment Financing to reimburse the Developer for eligible costs of the Infrastructure Improvements (together with cost to privately finance) in accordance with Amended Xxxxxxxxxx Plan #11 23 shall be paid and applied as provided in the Xxxxxxxxxx Reimbursement Agreement dated May 25, 20182017. The City will also support the project, with letters of support from City staff or the Xxxxxxxxxx Authority or with the appearance of City elected officials or staff before appropriate agencies of the state, for amending and retaining Michigan Business Tax Credits that were previously approved for a similar project at this location of $10 million approved for Building A in an effort to reimburse Developer for public infrastructure improvements and make the private portion of the Project economically feasible by filling the gap between the cost of construction and the fair market value of the Project upon completion.

Financing and Incentives. Tax Increment Financing to reimburse the Developer for eligible costs of the Infrastructure Improvements (together with cost to privately finance) in accordance with Amended Xxxxxxxxxx Plan #11 23 shall be paid and applied as provided in the Xxxxxxxxxx Reimbursement Agreement dated , 2018. The City will also support the project, with letters of support from City staff or the Xxxxxxxxxx Authority or with the appearance of City elected officials or staff before appropriate agencies of the state, for amending and retaining Michigan Business Tax Credits that were previously approved for a similar project at this location of $10 million approved for Building A in an effort to reimburse Developer for public infrastructure improvements and make the private portion of the Project economically feasible by filling the gap between the cost of construction and the fair market value of the Project upon completion.