Common use of The City Clause in Contracts

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the expansion and equipping of a building by the Company pursuant to Section 1.A., above, shall be entitled to an 90% exemption from ad valorem taxation for a period of five (5) calendar years, commencing January 1, 2023, such commencement date is contingent on the project actually being completed by December 31, 2022, and provided proper application is made therefor. It is the City’s further intention that the building expansion shall be entitled to a 90% exemption from ad valorem taxation for an additional period of five years from January 1, 2028 to December 31, 2032, subject to the approval, in 2027, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the expansion and equipping of a building by the Company pursuant to Section 1.A., above, shall be entitled to an 9076.75% exemption from ad valorem taxation for a period of five (5) calendar years, commencing January 1, 20232014, such commencement date is contingent on the project actually being completed by December 31, 20222013, and provided proper application is made therefor. It is the City’s further intention that the building expansion shall be entitled to a 9076.75% exemption from ad valorem taxation for an additional period of five years from January 1, 2028 2019 to December 31, 20322023, subject to the approval, in 20272018, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the expansion and equipping of a building by the Company pursuant to Section 1.A., above, shall be entitled to an 90100% exemption from ad valorem taxation for a period of five (5) calendar years, commencing January 1, 20232016, such commencement date is contingent on the project actually being completed by December 31, 20222015, and provided proper application is made therefor. It is the City’s further intention that the building expansion shall be entitled to a 90100% exemption from ad valorem taxation for an additional period of five years from January 1, 2028 2021 to December 31, 20322025, subject to the approval, in 20272020, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the expansion and equipping of a building by the Company pursuant to Section 1.A., above, shall be entitled to an 90a 91% exemption from ad valorem taxation for a period of five (5) calendar years, after commencing January 1, 20232016, such commencement date is contingent on the project actually being completed by December 31, 20222015, and provided proper application is made therefor. It is the City’s further intention that the building expansion shall be entitled to a 9091% exemption from ad valorem taxation for an additional period of five years from January 1, 2028 2021 to December 31, 20322025, subject to the approval, in 20272020, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.