Representations and Warranties of the City. The City makes the following representations and warranties: (1) The City is a municipal corporation and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder. (2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act. (3) To finance the costs of the Project to be undertaken by the Developer, the City proposes, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer for a portion of the costs of the Project as further provided in this Agreement. (4) The City has made the findings required by the Tax Abatement Act for the Tax Abatement Program.
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Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The City's Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To finance a portion of the costs of the Project to be undertaken by the DeveloperPublic Improvements, the City proposes, subject to the further provisions of this Agreement, to apply the City's Tax Abatements to reimburse the Developer itself for a portion of the costs of the Project as further provided in this AgreementPublic Improvements.
(4) The City has made the findings required by the Tax Abatement Act for the City's Tax Abatement Program.
Appears in 1 contract
Samples: Tax Abatement Agreement
Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation and a political subdivision organized under the laws of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To finance the costs of the Project to be undertaken by the Developer, the City proposes, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer for a portion of the Project costs of the Project as further provided in this Agreement.
(4) The City has made the findings required by the Tax Abatement Act for the City Tax Abatement Program.
(5) This Agreement has been duly approved by the City Council of the City and the execution and delivery of this Agreement has been authorized by such City Council.
Appears in 1 contract
Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation home rule charter city and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To finance the costs of the Project to be undertaken by the Developer, the City proposesshall, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer for a portion of the costs of the Project as further provided in this Agreement.
(4) The City has made the findings required by the Tax Abatement Act for the Tax Abatement Program.
Appears in 1 contract
Samples: Tax Abatement Agreement
Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To finance the costs of the Project to be undertaken by the DeveloperCompany, the City proposes, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer Company for a portion of the costs of the Project as further provided in this Agreement.
(4) The City has made the findings required by the Tax Abatement Act for the Tax Abatement Program.
(5) The City has performed all requirements of, and shall make all reports as required by, the Business Subsidy Law.
Appears in 1 contract
Samples: Tax Abatement, Business Subsidy, and Grant Agreement
Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To help finance the costs of the Project to be undertaken by the DeveloperCompany, the City proposes, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer Company for a portion of the costs of the Project as further provided in this Agreement.
(4) The City has made the findings required by the Tax Abatement Act for the Tax Abatement Program.
Appears in 1 contract
Samples: Tax Abatement Agreement
Representations and Warranties of the City. The City makes the following representations and warranties:
(1) The City is a municipal corporation statutory city and a political subdivision of the State and has the power to enter into this Agreement and carry out its obligations hereunder.
(2) The Tax Abatement Program was created, adopted and approved in accordance with the terms of the Tax Abatement Act.
(3) To finance the costs of the Project to be undertaken by the Developer, the City proposes, subject to the further provisions of this Agreement, to apply the Tax Abatements to reimburse the Developer for a portion of the costs of the Project as further provided in this Agreement.
(4) The City has made the findings required by the Tax Abatement Act for the Tax Abatement Program.
Appears in 1 contract
Samples: Tax Abatement Agreement