Payment in lieu of Ad Valorem Taxes. 1.1 A. Subject to the completion and filing by the taxable status date of March 1, 2024 (the “Taxable Status Date”) of New York State Form RP-412-a Application For Real Property Tax Exemption (the “Exemption Application”) under Section 412-a of the New York State Real Property Tax Law and Section 874 of the Act and the approval of the Exemption Application by the appropriate assessors or Board of Assessment Review, the Land (along with the Improvements once constructed by the Company, as agent of the Agency) shall be exempt from Real Estate Taxes for the periods set forth in Section 1.5. For purposes of the foregoing “
Appears in 6 contracts
Samples: Tax Agreement, Agent and Financial Assistance and Project Agreement, Agent and Financial Assistance and Project Agreement
Payment in lieu of Ad Valorem Taxes. 1.1 A. Subject to the completion and filing by the taxable status date of March 1, 2024 2023 (the “Taxable Status Date”) of New York State Form RP-412-a Application For Real Property Tax Exemption (the “Exemption Application”) under Section 412-a of the New York State Real Property Tax Law and Section 874 of the Act and the approval of the Exemption Application by the appropriate assessors or Board of Assessment Review, the Land (along with the Improvements once constructed by the Company, as agent of the Agency) shall be exempt from Real Estate Taxes for the periods set forth in Section 1.5. For purposes of the foregoing “
Appears in 5 contracts
Samples: Agent and Financial Assistance and Project Agreement, Agent and Financial Assistance and Project Agreement, Tax Agreement
