Value of Improvements. If the contemplated Improvements constructed in the tax increment financing district are completed at a lesser level of value than originally contemplated, they will generate fewer taxes and fewer tax increments than originally contemplated.
Value of Improvements. Xxxxxxxx agrees that unless Xxxxxx, or a qualified successor tenant suggested by the City, retains the use of the Leased Property for purposes consistent with the provisions of 24 C.F.R. 570.200 et seq. through the Outside Date, Landlord shall pay to the City within thirty (30) days after the City’s demand an amount equal to the greater of: (i) fair market value of the CDBG-funded improvements to the Leased Property, less any portion of the value attributable to expenditures of non-CDBG funds to such improvements to the Leased Property; or (ii) $__________________ [Insert Grant Amount]. Xxxxxxxx understands and agrees that the City would not make the Grant to Tenant without this agreement by Landlord. If Landlord fails to pay the City any amount due under this Section 7, Tenant shall pay to the City such amount due under this Section 7 within thirty (30) days after the City’s demand to Tenant.
Value of Improvements. The Department and Lessee have agreed to $4,600 as the value of the Improvements located at the Leased Premises ("Improvement Value").
