Common use of Representations of the City Clause in Contracts

Representations of the City. The City makes the following representations as the basis for the undertakings on its part herein contained: (a) The TAD I was duly created by the City pursuant to its redevelopment powers as authorized by the Redevelopment Powers Law, and the TAD I became effective on the Effective Date of January 1, 2006. The Redevelopment Plan and subsequent amendments were duly adopted by the City pursuant to the Redevelopment Powers Law. (b) The City has made certain findings with respect to the Redevelopment Plan in accordance with the Redevelopment Powers Law, including, without limitation, that the improvement of the Redevelopment Area has not been subject to growth and development through private enterprise and would not reasonably be anticipated to be developed without the redevelopment plan and is likely to enhance the value of the real property in the XXX X. (c) The City is permitted by Article IX, Section III, Paragraph I of the Georgia Constitution to contract for any period not exceeding fifty (50) years with the County for joint services, for the provision of services, or for the joint or separate use of facilities or equipment, provided such contracts deal with activities, services or facilities the contracting parties are authorized by law to undertake or provide, and accordingly, as a corollary, the Redevelopment Powers Law provides that the City may exercise its redevelopment powers and create redevelopment plans and tax allocation districts, and issue one or more series of bonds, notes or other obligations to finance, in whole or in part, the development costs within a tax allocation district and which are issued on the basis of pledging for the payment or security for payment of such bonds, notes, or other obligations positive tax allocation increments derived from the tax allocation district, all or part of the general funds derived from the tax allocation district, and any other property from which the bonds may be paid as provided in the Redevelopment Powers Law. (d) The City has the power to enter into this Agreement and perform all obligations contained herein, and has, by proper action, duly authorized the execution, delivery and performance of this Agreement.

Representations of the City. The City makes the following representations as the basis for the undertakings on its part herein contained: (a) The TAD I #1 was duly created by the City pursuant to its redevelopment powers as authorized by the Redevelopment Powers LawLaw and the City Resolution, and the TAD I #1 became effective on the Effective Date of January 1December 30, 20062015. The Redevelopment Plan and subsequent amendments were was duly adopted by the City pursuant to the Redevelopment Powers LawLaw and the City Resolution. (b) The City has made certain findings with respect to the Redevelopment Plan in accordance with the Redevelopment Powers Law, including, without limitation, that the improvement of (i) the Redevelopment Area has not been subject to growth and development through private enterprise and would not reasonably be anticipated to be developed without the redevelopment plan approval of the Redevelopment Plan, and (ii) the improvement of the Redevelopment Area is likely to enhance the value of a substantial portion of the real property in the XXX X.TAD #1. (c) The City intends to authorize the issuance of XXX Xxxxx as may be necessary to implement provisions of the Redevelopment Plan. (d) The City is permitted by Article IX, Section III, Paragraph I of the Georgia Constitution to contract for any period not exceeding fifty (50) years with the County County, the Board of Education and the DDDA for joint services, for the provision of services, or for the joint or separate use of facilities or equipment, provided such contracts deal with activities, services or facilities the contracting parties are authorized by law to undertake or provide, and accordingly, accordingly as a corollary, the Redevelopment Powers Law provides that the City may exercise its redevelopment powers and create redevelopment plans and tax allocation districts, and issue one or more series of bonds, notes or other obligations to finance, in whole or in part, the development costs within a tax allocation district and which are issued on the basis of pledging for the payment or security for payment of such bonds, notes, or other obligations bonds positive tax allocation increments derived from the tax allocation district, . all or part of the general funds derived from the tax allocation district, and any other property from which the bonds may be paid as provided in the Redevelopment Powers Law. (de) The City has the power to enter into this Agreement and perform all obligations contained herein, and has, by proper action, duly authorized the execution, delivery and performance of this Agreement.

Representations of the City. The City makes the following representations as the basis for the undertakings on its part herein contained: (a) The TAD I #4 was duly created by the City pursuant to its redevelopment powers as authorized by the Redevelopment Powers LawLaw and the TAD #4 Resolution, and the TAD I #4 became effective on the Effective Date of January 1December 21, 20062020. The Redevelopment Plan and subsequent amendments were was duly adopted by the City pursuant to the Redevelopment Powers Law, the Original Resolution and the TAD #4 Resolution. (b) The City has made certain findings with respect to the Redevelopment Plan in accordance with the Redevelopment Powers Law, including, without limitation, that the improvement of (i) the Redevelopment Area has not been subject to growth and development through private enterprise and would not reasonably be anticipated to be developed without the redevelopment plan approval of the Redevelopment Plan, and (ii) the improvement of the Redevelopment Area is likely to enhance the value of a substantial portion of the real property in the XXX X.TAD # 4. (c) The City is permitted by Article IX, Section III, Paragraph I of the Georgia Constitution to contract for any period not exceeding fifty (50) years with the County and the Board of Education for joint services, for the provision of services, or for the joint or separate use of facilities or equipment, provided such contracts deal with activities, services or facilities the contracting parties are authorized by law to undertake or provide, and accordingly, accordingly as a corollary, the Redevelopment Powers Law provides that the City may exercise its redevelopment powers and create redevelopment plans and tax allocation districts, and issue one or more series of bonds, notes or other obligations to finance, in whole or in part, make payments for Redevelopment Costs from the development costs within a tax allocation district and which are issued on the basis of pledging for the payment or security for payment of such bonds, notes, or other obligations positive tax allocation increments derived from the tax allocation district, all or part of the general funds derived from the tax allocation district, and any other property from which the bonds may be paid district as provided in the Redevelopment Powers Law. (d) The City has the power to enter into this Agreement and perform all obligations contained herein, and has, by proper action, duly authorized the execution, delivery and performance of this Agreement.

Representations of the City. The City makes the following representations as the basis for the undertakings on its part herein contained: (a) 2.1.1 The TAD I was duly City created by the City Xxxxxxx XXX Number One on July 20, 2021, to become effective as of December 31, 2021 pursuant to its redevelopment powers as authorized by the Redevelopment Powers Law, Law and the TAD I became effective on the Effective Date of January 1, 2006City Resolution. The City duly adopted the Redevelopment Plan and subsequent amendments were duly adopted by the City pursuant to the Redevelopment Powers LawLaw and the City Resolution. (b) 2.1.2 The City has made certain findings with respect to the Redevelopment Plan in accordance with the Redevelopment Powers Law, including, without limitation, that the improvement of that: (i) the Redevelopment Area has not been subject to growth and development through private enterprise and would not reasonably be anticipated to be developed as proposed without the redevelopment plan approval of the Redevelopment Plan, and is (ii) improvements proposed within Xxxxxxx XXX Number One are likely to enhance the value of a substantial portion of the real property in the XXX X.balance of the Redevelopment Area. (c) 2.1.3 The City intends to annually reimburse private parties seeking to obtain reimbursement of eligible Redevelopment Costs within the TAD, via a development agreement. 2.1.4 The City is permitted by Article ARTICLE IX, Section SECTION III, Paragraph PARAGRAPH I of the Georgia Constitution to contract for any period not exceeding fifty (50) years with the County for joint services, for the provision of services, or for the joint or separate use of facilities or equipment, provided such contracts deal with activities, services or facilities the contracting parties are authorized by law to undertake or provide, and accordingly, accordingly as a corollary, the Redevelopment Powers Law provides that the City may exercise its redevelopment powers and create redevelopment plans and tax allocation districts, and issue one or more series of bonds, notes or other obligations to finance, in whole or in part, the development costs within a tax allocation district and which are issued on the basis of pledging for the payment or security for payment of such bonds, notes, or other obligations positive tax allocation increments derived from the tax allocation district, all or part of the general funds derived from the tax allocation district, and any other property from which the bonds may be paid districts as provided in the Redevelopment Powers Law. (d) 2.1.5 The City has the power to enter into this Agreement and perform all obligations contained herein, and has, by proper action, action has duly authorized the execution, delivery delivery, and performance of this Agreement. This Agreement is a valid and binding legal obligation of the City, enforceable against the City in accordance with its terms.

Representations of the City. The City makes the following representations as the basis for the undertakings on its part herein contained: (a) 2.1.1 The City created the Lilburn TAD I was duly created by the City #1: Downtown Lilburn effective as of October 13, 2008, amended December 8, 2014 and further amended and renamed Lilburn TAD #2: Lilburn Main Street and Old Town District on December 16, 2014, pursuant to its redevelopment powers as authorized by the Redevelopment Powers Law, Law and the TAD I became effective on the Effective Date of January 1, 2006City Resolution. The City duly adopted the Redevelopment Plan and subsequent amendments were duly adopted by the City pursuant to the Redevelopment Powers LawLaw and the City Resolution. (b) 2.1.2 The City has made certain findings with respect to the Redevelopment Plan in accordance with the Redevelopment Powers Law, including, without limitation, that the improvement of that: (i) the Redevelopment Area has not been subject to growth and development through private enterprise and would not reasonably be anticipated to be developed without the redevelopment plan approval of the Redevelopment Plan, and (ii) the improvement of the Redevelopment Area is likely to enhance the value of a substantial portion of the real property in the Lilburn Main Street and Old Town District TAD #2. 2.1.3 The City intends to authorize the issuance of XXX X.Xxxxx or other means of TAD financing as may be necessary to implement provisions of the Redevelopment Plan. (c) 2.1.4 The City is permitted by Article ARTICLE IX, Section SECTION III, Paragraph PARAGRAPH I of the Georgia Constitution to contract for any period not exceeding fifty (50) years with the County for joint services, for the provision of services, or for the joint or separate use of facilities or equipment, provided such contracts deal with activities, services or facilities the contracting parties are authorized by law to undertake or provide, and accordingly, as a corollary, the Redevelopment Powers Law provides that the City may exercise its redevelopment powers and create redevelopment plans and tax allocation districts, and issue one or more series of bonds, notes or other obligations to finance, in whole or in part, the development costs within a tax allocation district and which are issued on the basis of pledging for the payment or security for payment of such bonds, notes, or other obligations positive tax allocation increments derived from the tax allocation district, all or part of the general funds derived from the tax allocation district, and any other property from which the bonds may be paid as provided in the Redevelopment Powers Law. (d) 2.1.5 The City has the power to enter into this Agreement and perform all obligations contained herein, and has, by proper action, action has duly authorized the execution, delivery and performance of this Agreement. This Agreement is a valid and binding legal obligation of the City, enforceable against the City in accordance with its terms. 2.1.6 The City agrees to adopt Tax Allocation District Policies and Guidelines consistent with Gwinnett County’s Tax Allocation District general policies, guidelines, methods of financing, and maximum term as well as Gwinnett County’s Debt Management Policy related to XXX xxxxx. The City of Xxxxxxx further agrees to utilize an application for TAD financing that is consistent and contains the same information as the “Gwinnett County Application for TAD Financing.”