Common Contracts
1 similar Economic Incentive Agreement contracts
AMENDMENT TO ECONOMIC INCENTIVE AGREEMENT BETWEEN UDI COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATIONEconomic Incentive Agreement • November 11th, 2013
The City and the Company entered into a contract titled “Agreement Between the UDI Community Development Corporation and the City of Durham for Neighborhood Revitalization Capital Improvement Incentives for Economic Development Activities,” dated June 14, 2012. That contract is referred to as the “Original Contract.” The Original Contract referenced a completion date of no later than 1 year following the “Approval Date.” The City Council approved the Original Contract on June 4, 2012. The Company was unable to complete the required work by June 4, 2012 due construction adjustments were needed to comply with the historical requirements of the project, zero lot lines required extensive negotiation with property owners to gain access to the project site via the adjacent properties and other construction matters which resulted in delays beyond the control of the Company. The Original Contract is hereby amended as follows:
