Common use of Maximum City Bonds Amount Clause in Contracts

Maximum City Bonds Amount. Notwithstanding Sections 4.6 (e) and (f) of this Agreement or any other provision of this Agreement to the contrary, City Payments shall be limited to the total amount necessary to service the City Bonds and pay the Event Day Tax Revenues Reimbursement Amounts. Notwithstanding other provision of this Agreement to the contrary, the City reserves the right to use economic incentive programs such as community improvement districts, transportation development districts and/or other programs available under Missouri law, exclusive of the actual Stadium and parking controlled by the NFL Team. Nothing in this agreement shall be construed to permit the use of tax abatement within the Project area or any reduction in entertainment license tax rates pursuant to Chapter 8.08 of the City Code.

Appears in 4 contracts

Samples: Construction and Lease Agreement, Financing, Construction and Lease Agreement, Construction and Lease Agreement

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