Representations of the County. The County makes the following representations as the basis for the undertakings on its part herein contained: (a) The County 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 City 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 as a corollary the Redevelopment Powers Law provides that ad valorem property taxes of the County derived from a municipal tax allocation district located within the geographic boundaries of the County may be included in the computation of tax allocation increments of the tax allocation district if the governing body of the County consents to such inclusion by resolution. (b) The County 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 including, without limitation, the inclusion of ad valorem property taxes derived by the County from ad valorem property taxes levied by the County on taxable real property within the TAD #4 in the computation of the Real Property Tax Allocation Increment for the purposes set forth in the Redevelopment Plan.
Appears in 1 contract
Samples: Intergovernmental Agreement
Representations of the County. The County makes the following representations as the basis for the undertakings on its part herein contained:
(a) The County 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 City and City, 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 as a corollary the Redevelopment Powers Law provides that ad valorem property taxes of the County derived from a municipal tax allocation district located within the geographic boundaries of the County may be included in the computation of tax allocation increments of the tax allocation district if the governing body of the County consents to such inclusion by resolution.
(b) The County 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 including, without limitation, the inclusion of ad valorem property taxes derived by the County from ad valorem property taxes levied by the County on taxable real property within the TAD #4 1 in the computation of the Real Property Tax Allocation Increment for the purposes set forth in the Redevelopment Plan.
Appears in 1 contract
Samples: Intergovernmental Agreement
Representations of the County. The County makes the following representations as the basis for the undertakings on its part herein contained:
(a) The County 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 City 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 as a corollary corollary, the Redevelopment Powers Law provides that ad valorem property taxes of the County derived from a municipal tax allocation district located within the geographic boundaries of the County may be included in the computation of tax allocation increments of the tax allocation district if the governing body of the County consents to such inclusion by resolution.
(b) The County has the power to enter into this Agreement and perform all obligations contained herein herein, and has has, by proper action action, duly authorized the execution, delivery and performance of this Agreement including, without limitation, the inclusion of ad valorem property taxes derived by the County from ad valorem property taxes levied by the County on taxable real property and personal property within the Duke Lodging TAD #4 I in the computation of the Real Property Tax Allocation Increment and the Personal Property Tax Allocation Increment, respectively, for the purposes set forth in provisions of the Redevelopment PlanPlan and subsequent amendments.
Appears in 1 contract
Samples: Intergovernmental Agreement
Representations of the County. The County makes the following representations as the basis for the undertakings on its part herein contained:
(a) 2.2.1 The County 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 City 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 as a corollary corollary, the Redevelopment Powers Law provides that ad valorem property taxes of the County derived from a municipal tax allocation district located within the geographic boundaries of the County may be included in the computation of tax allocation increments of the tax allocation district if the governing body of the County consents to such inclusion by resolution.
(b) 2.2.2 The County has the power to enter into this Agreement and perform all obligations contained herein in this Agreement, and has by proper action has duly authorized the execution, delivery and performance of this Agreement Agreement, including, without limitation, the inclusion of ad valorem property taxes derived by the County from ad valorem property taxes levied by the County on taxable real property within the TAD #4 TADs in the computation of the Real Property Tax Allocation Increment Increments for the purposes set forth in the Redevelopment Plan, pursuant O.C.G.A. §36-44-9(c).
2.2.3 This Agreement is a valid and binding legal obligation of the County, enforceable against the County in accordance with its terms.
Appears in 1 contract
Samples: Intergovernmental Agreement