Common use of Notice of Termination and Repayment Clause in Contracts

Notice of Termination and Repayment. In the event that the City determines that the tax abatement deductions should be terminated, reduced and/or that any of the tax abatement savings should be repaid, it will give the Applicant notice of such determination, including a written statement calculating the amount due from the Applicant, and will provide the Applicant with an opportunity to meet with the City’s designated representatives to show cause why the abatement should not be terminated, reduced and/or the tax benefits repaid. Such notice shall state the names of the person with whom the Applicant may meet and will provide that the Applicant shall have thirty (30) days from the date of such notice to arrange such meeting and to provide its evidence concerning why the abatement termination, reduction and/or tax benefits repayment should not occur. If, after giving such notice and receiving such evidence, if any, the City determines that the abatement termination, reduction and/or tax benefits repayment action is proper, the Applicant shall be provided with written notice and a hearing before the Council before any final action shall be taken concerning the termination, reduction and/or repayment of tax benefits. If the Council adopts a resolution terminating, reducing and/or requiring repayment of tax benefits, the Applicant shall be entitled to appeal that determination to the Xxxxxx County Superior or Circuit Court.

Notice of Termination and Repayment. In the event that the City determines that the tax abatement deductions should be terminated, reduced and/or terminated or that any of the tax abatement savings should be repaid, it will give the Applicant notice of such determination, including a written statement calculating the amount due from the Applicant, and will provide the Applicant with an opportunity to meet with the City’s designated representatives to show cause why the abatement should not be terminated, reduced terminated and/or the tax benefits repaid. Such notice shall state the names of the person with whom the Applicant may meet and will provide that the Applicant shall have thirty (30) days from the date of such notice to arrange such meeting and to provide its evidence concerning why the abatement termination, reduction termination and/or tax benefits repayment should not occur. If, after giving such notice and receiving such evidence, if any, the City determines that the abatement termination, reduction termination and/or tax benefits repayment action is proper, the Applicant shall be provided with written notice and a hearing before the Council before any final action shall be taken concerning terminating the termination, reduction abatement and/or requiring repayment of tax benefits. If the Council adopts a resolution terminating, reducing terminating the tax abatement and/or requiring repayment of tax benefits, the Applicant shall be entitled to appeal that determination to the a Xxxxxx County Superior or Circuit Court.