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 Simple Fee 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 all other agreements of the County described herein. (b) By due corporate action, the County has agreed that, subject to compliance with applicable laws, the items of real and tangible personal property comprising the Project subject to the FILOT arrangement provided in the 1997 Lease Agreement shall be considered Economic Development Property under the Simple Fee Act. (c) In order to maintain the FILOT benefits the Company presently enjoys with respect to the Project, the County approves the conversion of the Project pursuant to the terms of Section 00-00-000 of the Simple Fee Act.
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Samples: Conversion and Fee in Lieu of Ad Valorem Taxes Agreement, Fee in Lieu of Property Taxes 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 Simple Simplified Fee 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 all other agreements of the County described herein.
(b) By due corporate action, the County has agreed that, subject to compliance with applicable laws, the items of real and tangible personal property comprising the Project subject to the FILOT arrangement provided in the 1997 Lease Agreement shall be considered Economic Development Property under the Simple Simplified Fee Act.
(c) In order to maintain the FILOT benefits the Company presently enjoys with respect to the Project, the County approves the conversion of the Project pursuant to the terms of Section 00-00-000 of the Simple Simplified Fee Act.
Appears in 2 contracts
Samples: Conversion and Fee in Lieu of Ad Valorem Taxes Agreement, Conversion and Fee in Lieu of Ad Valorem Taxes 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 Simple Fee 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 all other agreements of the County described herein.
(b) By due corporate action, the County has agreed that, subject to compliance with applicable laws, the items of real and tangible personal property comprising the Project subject to the FILOT arrangement provided in the 1997 Lease Agreement shall be considered Economic Development Property under the Simple Fee Act.
(c) In order to maintain the FILOT benefits the Company presently enjoys with respect to the Project, the County approves the conversion of the Project pursuant to the terms of Section 00-00-000 of the Simple Fee Act.
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