Representations of the County. The County hereby represents and warrants to the Company as follows: (a) The County is a body politic and corporate and a political subdivision of the State which acts through the County Council as its governing body and by the provisions of the Act is authorized and empowered to enter into the transactions contemplated by this Fee Agreement and to carry out its obligations hereunder. The County has duly authorized the execution and delivery of this Fee Agreement and any and all other agreements described herein or therein. (b) The Project constitutes a “project” within the meaning of the Act. (c) By due corporate action, the County has agreed that, subject to compliance with applicable laws, each item of real and tangible personal property comprising the Project shall be considered Economic Development Property under the Act. (d) As required by the terms of section 00-00-000 of the Act, the County acknowledges and approves the Sponsor Affiliate.
Appears in 3 contracts
Samples: Fee in Lieu of Ad Valorem Taxes and Incentive Agreement, Fee in Lieu of Ad Valorem Taxes and Incentive Agreement, Fee in Lieu of Ad Valorem Taxes and Incentive Agreement
Representations of the County. The County hereby represents and warrants to the Company as follows:
(a) The County is a body politic and corporate and a political subdivision of the State which acts through the County Council as its governing body and by the provisions of the Act is authorized and empowered to enter into the transactions contemplated by this Fee Agreement and to carry out its obligations hereunder. The County has duly authorized the execution and delivery of this Fee Agreement and any and all other agreements described herein or therein.
(b) The Project constitutes a “project” within the meaning of the Act.
(c) By due corporate action, the County has agreed that, subject to compliance with applicable laws, each item of real and tangible personal property comprising the Project shall be considered Economic Development Property under the Act.
(d) As required by the terms of section 00-00-000 of the Act, the County acknowledges and approves the Sponsor Affiliate.
Appears in 2 contracts
Samples: Fee in Lieu of Ad Valorem Taxes Agreement, Fee in Lieu of Ad Valorem Taxes Agreement