Common use of Tax Incentives Clause in Contracts

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three (3) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three (3) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 - $249,000 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three two (32) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 - $249,000 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three eight (3) 8) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 3 – 249,999 1 2 3.99 million 7 7 years $250,000 4 – 499,999 2 3 4.99 million 8 8 years $500,000 5 – 999,999 3 4 5.99 million 9 9 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three six (36) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Retained* Term of Exemption 100% yrs 1-5; 99% yrs 6+ $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 500,000-999,999 3 4 years $1 - $1.99 million 5 5 years $2 – 2.99 million 6 6 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three four (34) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years $1 - $1.49 million 5 5 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three five (35) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years $1 - $1.99 million 5 5 years $2 – 2.99 million 6 6 years $3 – 3.99 million 7 7 years

Tax Incentives. The Project shall receive a One One-Hundred Percent (100%) property tax exemption for a period of three five (35) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Retained* Term of Exemption $150,000 – 249,999 *one job minimum; 1 2 years $250,000 – 499,999 2 3 years job per $500,000 – 999,999 3 4 yearsnew building value

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three five (35) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 years $500,000 – 999,999 3 4 years $1 – 1.99 million 5 5 years $2 – 2.99 million 6 6 years

Tax Incentives. The Project shall receive a One Hundred Percent (100%) property tax exemption for a period of three (3) years provided the Project Operator meets the goals and conditions set forth in this Agreement. The term of exemption is based upon the new assessed building value as determined by the City Assessor upon completion of construction and is in accordance to the following schedule: New Building Taxable Value Full Time Equivalent (FTE) Jobs Minimum Created or Retained Term of Exemption $150,000 – 249,999 1 2 years $250,000 – 499,999 2 3 6 years $500,000 – - $999,999 3 4 8 years FURTHERMORE, should Oeluck Inc. provide to the City eligible redevelopment costs as evidenced by appropriate documentation, the company would be granted additional years of exemption according to Schedule: ≥ 16% 8 years ≥ 18% 9 years ≥ 20% 10 years