Project Incentives. The State, through ESD, will offer a package of Project incentives to the Company including Excelsior tax credits and a capital grant. The details of that package and the commitments required of the Company in exchange for those incentives are articulated in the attached incentive proposal from ESD labeled Attachment C.
Project Incentives. Subject to the terms and conditions contained in this Agreement, City and/or URA will provide the following Project incentives (individually and collectively, the “Incentive(s)”):
Project Incentives. Project assistance available to this project may include real property tax abatement, personal property tax abatement, sales tax exemption on construction materials, mutually agreeable pre-development funding of $50,000.00, and/or redirection of tax increment from new economic activity generated by the project for eligible project expenses, or various forms of grants and subsidies. The eligible pre-development funding uses may include but not limit to assessments for onsite environmental, structural, site, infrastructure, building project administration, and parking. These benefits are available through various redevelopment agencies administered by the Economic Development Corporation of Kansas City, Missouri and directly through the City of Kansas City, Missouri.
Project Incentives. In the event the Project is both (i) Substantially Complete within ten (10) months of Notice to Proceed; and (ii) delivered for less than One Hundred Five Percent (105%) of the Lump Sum (inclusive of change orders) established in the Contract, the Lump Sum Price shall be increased by Two Percent (2%). If both of these goals are not met, the Lump Sum will be reduced by Two Percent (2%). In the event the Contractor is able to achieve Substantial Completion within eight (8) months of Notice to Proceed, and delivered for less than One Hundred Five Percent (105%) of the Lump Sum (inclusive of change orders) established in the Contract, the Lump Sum Price shall be increased by Four Percent (4%) rather than the Two Percent (2%) specified above. In determining whether these goals have been met, the decision will be made irrespective of fault and regardless of whether the cause for failing to achieve these goals was within the Contractor’s control.
Project Incentives. Subject to the terms and conditions of this Agreement, the Lump Sum Price shall be increased by two percent (2%) if both of the objectives set forth below are met and shall be decreased by two percent (2%) if either or both of the objectives set forth below are not met. The objectives are as follows:
Project Incentives. The Project would be eligible for the incentives, subsidies and benefits as per the Andhra Pradesh Tourism Policy 2015-20 and under all other State/ Central Government schemes/ policies in force subject to respective guidelines of such schemes/ policies The responsibility of availing benefits of such schemes / policies would solely lie with the Selected Bidder/ Concessionaire.
