Common use of Representations by the City Clause in Contracts

Representations by the City. The City makes the following representations as the basis for the undertaking on its part herein contained: (a) The City is a home rule charter city duly organized and existing under the laws of the State. Under the provisions of the Tax Abatement Act and the Business Subsidy Act, the City has the power to enter into this Agreement and carry out its obligations hereunder. (b) The City proposes to grant abatement of taxes on the Development Property for the purposes of promoting and creating housing opportunities in the City.

Representations by the City. The City makes the following representations and warranties as the basis for the undertaking on its part herein containedcovenants herein: (a) The City is a home rule charter city of the State, duly organized and existing under its Charter and the laws of the State. Under the provisions of the Tax Abatement Act and the Business Subsidy Act, the City has the power to enter into this Agreement and carry out its obligations hereunder. (b) The City proposes to grant an abatement of taxes on for the Development Property Minimum Improvements for the purposes of promoting increasing the City’s tax base and creating providing additional housing opportunities alternatives in the City.