The City intends that any Management Contract will contain language similar to the Safe Harbor Requirements belowManagement Contract • September 9th, 2021
Contract Type FiledSeptember 9th, 2021Management Contract Safe Harbor Requirements. The Parties acknowledge that all or a portion of the Facilities were financed with proceeds of tax exempt obligations and are subject to restrictions on private business use pursuant to Section 141(b) of the Internal Revenue Code of 1986, as amended (the “Code”). The Parties intend for this Agreement to meet the safe harbor requirements of Internal Revenue Service Revenue Procedure 2017-13 and to not result in private business use of the