Common use of Public Purpose Clause in Contracts

Public Purpose. The parties acknowledge a municipality’s responsibility to create safeguards to ensure funding involving the VILLAGE is being utilized for a public purpose. In fulfillment of that responsibility, the VILLAGE has, following review, concluded this DEVELOPMENT AGREEMENT is being implemented in satisfaction of various public purposes including: 1. Providing greater employment opportunities pursuant to Wisconsin Statutes 66.52(1), see eq. 66.52(1) (a) and 66.431(2); 2. Providing the broadening, preservation and enhancement of the VILLAGE’S tax base, see eq. 66.52(1), 66.52(1) (a).

Public Purpose. The parties acknowledge a municipality’s responsibility to create safeguards to ensure funding involving the VILLAGE is being utilized for a public purpose. In fulfillment of that responsibilityFollowing review, the VILLAGE has, following review, has concluded this DEVELOPMENT AGREEMENT is being implemented in satisfaction of satisfies various public purposes including: 1. Providing greater employment opportunities pursuant to Wisconsin Statutes 66.52(1), see eq. 66.52(1) (a66.52(1)(a) and 66.431(2); 2. Providing the broadening, preservation and enhancement of the VILLAGE’S tax base, see eq. 66.52(1), 66.52(1) (a66.52(1)(a).