Economic Development Grant Agreement Sample Contracts

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • March 1st, 2024

This Agreement is entered into this day of , 2024, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

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ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE GALVESTON ISLAND PARK BOARD OF TRUSTEES AND
Economic Development Grant Agreement • June 9th, 2020 • Texas

This Agreement is entered into this day of , 2020, by and between the Galveston Island Park Board of Trustees (the “PARK BOARD”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN GALVESTON ISLAND PARK BOARD OF TRUSTEES
Economic Development Grant Agreement • August 13th, 2021

This Agreement is entered into this day of , 2021, by and between GALVESTON ISLAND PARK BOARD OF TRUSTEES, and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON AND
Economic Development Grant Agreement • March 3rd, 2023

Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON AND
Economic Development Grant Agreement • May 27th, 2022 • Texas

This Agreement is entered into this day of , 2022, by and between the City of Galveston, Texas (the “CITY”) and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • July 13th, 2021 • Ohio

This Economic Development Grant Agreement (the “Agreement”) is made and entered into as of , 2021 (“EFFECTIVE DATE”), by and between the CITY OF CENTERVILLE, OHIO (the “CITY”), a municipal corporation organized and existing under the constitution and the laws of the State of Ohio and CLINIC SECURITY AND LOGISTICS, INC. (DBA FULL CIRCLE RECOVERY

EX-10.16 19 dex1016.htm CITY ECONOMIC DEVELOPMENT GRANT AGREEMENT CITY ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • May 5th, 2020 • Texas

THIS CITY ECONOMIC DEVELOPMENT GRANT AGREEMENT (this “Agreement”) is made as of August 2, 2007 (the “Effective Date”) by and between the CITY OF WINDCREST, TEXAS, a Texas general law municipality (“City”) and RACKSPACE US, INC. (“Rackspace”). The City and Rackspace may be referred to herein from time to time as a “Party” or collectively as the “Parties”.

COUNTY ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • April 25th, 2008 • Rackspace Inc • Services-business services, nec • Texas

THIS COUNTY ECONOMIC DEVELOPMENT GRANT AGREEMENT (this “Agreement”) is made as of August 2, 2007 (the “Effective Date”) by and between BEXAR COUNTY, TEXAS, a political subdivision of the State of Texas (the “County”) and RACKSPACE US, INC. (“Rackspace”). The County and Rackspace may be referred to herein from time to time as a “Party” or collectively as the “Parties”.

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON
Economic Development Grant Agreement • July 8th, 2022

This Agreement is entered into this day of , 2022, by and between the City of Galveston, Texas (the “CITY”) and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • May 2nd, 2024

This Agreement is entered into this day of , 2024, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • September 6th, 2012 • Kansas

WHEREAS, it has been determined by the Grantor that an economic emergency or unique opportunity exists which warrants funding to secure economic benefits or avoid or remedy economic losses; and

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • February 26th, 2016 • Texas

This Agreement is entered into this day of , 2015, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • March 27th, 2024

between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • May 2nd, 2024

This Agreement is entered into this day of , 2024, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • March 26th, 2020 • North Carolina

This AGREEMENT (the “Agreement”) is made and entered as of the day of , 2020, by and between CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina (“County”), and PROJECT PRESS APPLICANT, a limited liability company.

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • November 8th, 2023

This Contract Addendum (the “Addendum”) is hereby entered into as of , 2023 (the “Effective Date”), among the City of Wichita, Kansas (the “City”), a municipal corporation of the State of Kansas (the “State”), Sedgwick County, Kansas (the “County”), a political subdivision of the State and Learjet Inc., a Kansas corporation (“Learjet”) (each a “Party,” and collectively, the “Parties”).

Economic Development Grant Agreement with Thompson Partners, LLC. and Kerrville EIC for
Economic Development Grant Agreement • December 7th, 2018

City staff and KEDC discussed the application and additional information was sought KEDC conducted an initial Economic Impact Analysis based off of the project assumptions at that time (full mixed‐use development of the 60 acres in phases over 10 years) indicating over $12 Million in Net Benefits to community.

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • November 14th, 2011 • Kansas

WHEREAS, it has been determined by the Grantor that an economic emergency or unique opportunity exists which warrants funding to secure economic benefits or avoid or remedy economic losses; and

ECONOMIC DEVELOPMENT GRANT AGREEMENT COUNTY OF CABARRUS (Project Paul Applicant)
Economic Development Grant Agreement • April 27th, 2020 • North Carolina

This AGREEMENT (the “Agreement”) is made and entered as of the day of , 2020, by and between CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina (“County”), and PROJECT PAUL APPLICANT, a corporation.

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • July 31st, 2018 • Texas

This Agreement is entered into this day of August, 2018 between the Galveston Island Park Board of Trustees (the "PARK BOARD"), a governmental entity created by special act of the Texas Legislature in 1962, and, the Industrial Development Corporation of the City of Galveston, Texas (“the IDC”) a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the "Act").

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • February 23rd, 2022 • Texas

This Agreement is entered into this day of , 2022, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • June 9th, 2020 • Texas

This Agreement is entered into this day of , 2020, by and between the Galveston Island Park Board of Trustees (the “PARK BOARD”), a governmental entity created by special act of the Texas Legislature in 1962, and, the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

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ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • August 6th, 2024

This Agreement is entered into this day of , 2024, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

STATE OF TEXAS § ECONOMIC DEVELOPMENT § GRANT AGREEMENT OF THE § CITY OF SAN ANTONIO COUNTY OF BEXAR §
Economic Development Grant Agreement • May 4th, 2022 • Texas

This Economic Development Grant Agreement (hereinafter referred to as this "Agreement") is made and entered into by and between the City of San Antonio, a municipal corporation of the State of Texas (hereinafter referred to as "GRANTOR"), acting by and through its City Manager or his designee, and DeLorean Motor Company, Inc., a Delaware Corporation (hereinafter referred to as "GRANTEE"). In this Agreement, GRANTOR and GRANTEE may together be referred to as the "Parties".

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON AND
Economic Development Grant Agreement • March 3rd, 2023

Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504 and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

This ECONOMIC DEVELOPMENT GRANT AGREEMENT (the “Agreement”)
Economic Development Grant Agreement • August 1st, 2019 • North Carolina

is made and entered as of the day of , 2019, by and between CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina (“County”), and PROJECT CYLINDER PP APPLICANT (“Applicant”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • August 23rd, 2018 • North Carolina

Certain terms having specific definitions are used in this Agreement, and these terms and definitions, unless the context clearly indicates to the contrary, are as set forth in this Article. The defined terms appearing in this Article are set forth in exact form as they appear between the quotation marks. When the same term is used in this Agreement with the meaning as assigned herein, it shall appear in the identical capitalized form. Otherwise, the meaning shall be as used in the context of the sentence in which it appears and not necessarily that as defined herein.

ECONOMIC DEVELOPMENT GRANT AGREEMENT
Economic Development Grant Agreement • August 24th, 2018 • North Carolina

Certain terms having specific definitions are used in this Agreement, and these terms and definitions, unless the context clearly indicates to the contrary, are as set forth in this Article. The defined terms appearing in this Article are set forth in exact form as they appear between the quotation marks. When the same term is used in this Agreement with the meaning as assigned herein, it shall appear in the identical capitalized form. Otherwise, the meaning shall be as used in the context of the sentence in which it appears and not necessarily that as defined herein.

ECONOMIC DEVELOPMENT GRANT AGREEMENT BY AND BETWEEN THE
Economic Development Grant Agreement • May 5th, 2014 • Texas

This Agreement shall become effective on the date of Authority Authorization and shall terminate on the earlier of the date on which 15 years of reimbursements to the Owner have been paid or the maximum reimbursement amount to the Owner of $15,000 per unit has been paid.

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • April 27th, 2023

between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, 504, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

ECONOMIC DEVELOPMENT GRANT AGREEMENT BETWEEN THE CITY OF GALVESTON, TEXAS AND
Economic Development Grant Agreement • May 2nd, 2024

This Agreement is entered into this day of , 2024, by and between the City of Galveston, Texas, a home rule municipal corporation (the “CITY”), and the Industrial Development Corporation of the City of Galveston, Texas (the “IDC”), a Texas nonprofit corporation established pursuant to the Development Corporation Act of 1979 and now codified in Chapters 501, 502, and 505 of the Texas Local Government Code (hereafter referred to as the “Act”).

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