Pursuant to Neb. Rev. Stat. §18-2147, et seq., the Redevelopment Plan contains a provision which provides that any ad valorem tax levied upon real property in the Redevelopment Project for the benefit of any public body shall be divided, for a period not to exceed fifteen (15) years after the Effective Date as identified herein as follows: • That portion of the ad valorem tax which is produced by the levy at the rate fixed each year by or for each such public body upon the Redevelopment Project Area valuation as of January 1 of the year prior to the year that the ad valorem taxes are to be divided shall be paid into the funds of each such public body in the same proportion as are all other taxes collected by or for the body; and • That portion of the ad valorem tax on real property as provided in the redevelopment contract or bond ordinance or resolution in the Redevelopment Project Area in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the authority to be used solely to pay the principle and the interest on, and any premiums due in connection with the bonds of, loans, notes, or advances of money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such authority (“TIF Indebtedness”) for financing or refinancing in whole or in part, of the Redevelopment Project. When such bonds, loans, notes, advances of money, or indebtedness, including interest and premiums due, have been paid, the authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon taxable real property in the Redevelopment Project Area shall be paid into the funds of the respective public bodies. Said provision is hereinafter referred to as the “Ad Valorem Tax Provision” or the “Tax Increment Provision.”
Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.
Pursuant to Neb. Rev. Stat. §18-2147, et seq., the Redevelopment Plan contains a provision which provides that any ad valorem tax levied upon real property in the Xxxxxxx Housing Redevelopment Project for the benefit of any public body shall be divided, for a period not to exceed fifteen (15) years after the effective date for the division of taxes (“Effective Date of the Ad Valorem Tax Provision”) as identified herein as follows: • That portion of the ad valorem tax which is produced by the levy at the rate fixed each year by or for each such public body upon the Xxxxxxx Housing Redevelopment Project Area valuation as of January 1 of the year prior to the year that the ad valorem taxes are to be divided shall be paid into the funds of each such public body in the same proportion as are all other taxes collected by or for the body; and • That portion of the ad valorem tax on real property as provided in the redevelopment contract or bond resolution in the Xxxxxxx Housing Redevelopment Project Area in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund of the authority to be used solely to pay the principle and the interest on, and any premiums due in connection with the bonds of, loans, notes, or advances of money to, or indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such authority (“TIF Indebtedness”) for financing or refinancing in whole or in part, the Xxxxxxx Housing Redevelopment Project. When such bonds, loans, notes, advances of money, or indebtedness, including interest and premiums due, have been paid, the authority shall so notify the County Assessor and County Treasurer and all ad valorem taxes upon taxable real property in the Redevelopment Project Area shall be paid into the funds of the respective public bodies. Said provision is hereinafter referred to as the “Ad Valorem Tax Provision” or the “Tax Increment Provision.”
Pursuant to Neb. Rev. Stat. §§ 73-101.01 through 73-101.02, a Resident Bidder shall be allowed a preference against a Non- resident Bidder from a State which gives or requires a preference to Bidders from that State. The preference shall be equal to the preference given or required by the State of the Nonresident Bidders. Where the lowest responsible bid from a resident Bidder is equal in all respects to one from a nonresident Bidder from a State, which has no preference law, the resident Bidder shall be awarded the contract. The provision of this preference shall not apply to any contract for any project upon which federal funds would be withheld because of the provisions of this preference.
Pursuant to Neb. Rev. Stat. §76-1414(5), Resident hereby designates and authorizes the following person(s) to enter the resident’s dwelling unit to retrieve, remove and store the resident’s personal property in the event that the resident dies:
Pursuant to Neb. Rev. Stat. § 43-290.01 and for the purposes of this Contract, Probation shall pay the detention costs accrued by Juvenile(s), as required by such statutory section.
Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper's contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper's contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City's Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.
Pursuant to Neb. Rev. Stat. § 18-2119, the Redeveloper certifies to the CRA that Redeveloper does not intend to file an application with the Nebraska Department of Revenue to receive tax incentives under the ImagiNE Nebraska Act.
Pursuant to Neb. Rev. Stat. § 79-819, he agrees that he holds and will continue to hold valid an appropriate certificate to act as Superintendent of Schools in the State of Nebraska throughout the term of this Contract and any extensions or modifications of this Contract.
Pursuant to Neb. Rev. Stat. §13-804(5), the Parties acknowledge, stipulate, and agree that this Agreement shall not relieve either Party of any obligation or responsibility imposed upon it by law.
