Limitations for "Relocating" Auto Dealerships Sample Clauses

Limitations for "Relocating" Auto Dealerships. The parties recognize and acknowledge certain provisions in the Act governing the "relocation" of certain businesses into STAR bond districts, and the parties specifically agree that none of the STAR Bond Proceeds may be spent in any manner that directly benefits any Auto Dealerships that relocate from elsewhere in the State of Kansas into the District. All State Increment for any such Auto Dealership shall be based only upon State sales taxes derived from taxable sales for such Auto Dealership in excess of the State sales taxes collected by such Auto Dealership from the prior Kansas location during a base year which is twelve
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