Property Tax Exemption. So long as the City owns the Project, the Project will be exempt from all ad valorem taxes assessed by all state and local governments and taxing districts (collectively “Property Taxes”) on real and personal property (the “Exemption”).
Appears in 2 contracts
Samples: Performance Agreement, Performance Agreement
Property Tax Exemption. So long as the City owns title to the Project, the City expects that the Project will be exempt from all ad valorem taxes assessed by all state and local governments and taxing districts (collectively “Property Taxes”) on real and personal property (the “Exemption”)property.
Appears in 1 contract
Samples: Performance Agreement
Property Tax Exemption. So long as the City owns the Project, the Project will be exempt from all ad valorem taxes assessed by all state and local governments and taxing districts (collectively “Property Taxes”) on real and personal property (the “Exemption”).
Appears in 1 contract
Samples: Performance Agreement
