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6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083
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6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083
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12-13-10 Regular City Counicl Meeting
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TABLE OF CONTENTS <br />�a�e <br />PREAMBLE.............................................................................................................................................1 <br />ARTICLE I <br />De�nitions <br />Section1.1. Definitions ...........................................................................................................................2 <br />Section 2.1. <br />Section 2.2. <br />Section 3.1. <br />�ection 3.2. <br />�ection 33. <br />�ection 3.4. <br />�ection 3.5. <br />5ection 3.6. <br />Section 3.7, <br />Section 3.8. <br />Section �.1. <br />Section 4.2. <br />Section 4.3. <br />Section 4.4. <br />Section 4.5. <br />A.RTICLE II <br />Representatio�s and Warranties <br />Representations by the City ................................................................................................ 5 <br />Representations and Warranties by the Developer ............................................................. 5 <br />ARTICLE III <br />Public Develo ment Costs• Financin • Conve ance of Land <br />Statusof Property ........................�--..................................................................................... 7 <br />Public Davelopment Costs ................................................................................................. 7 <br />Reim6ursement of Public De�elopment Costs ................................................................... 7 <br />Business5ubsidy Act .......................................................................................................... $ <br />Conveyance of Triangle Parcel ........................................................................................... & <br />Relocation.........................................................................................................................10 <br />Records.............................................................................................................................10 <br />TIFLookback ....................................................................................................................10 <br />ARTICLE N <br />Construction of Minimum Ymprpvements; Pub�ic Ymprovements <br />Construction of �inprovements .......................................................................................... l l <br />ConstructionPlans ............................................................................................................11 <br />Commencement and Completion of Construction ............................................................12 <br />Certifcate of Completion .................................................................................................. i2 <br />Construction of UtiIity Improvements and County Road Improvements .........................12 <br />ARTICLE V <br />Insurance and Condemnation <br />Section5.1. Insurance ...........................................................................................................................14 <br />Section5.2. Subordination .................................................................................................................... i5 <br />ARTICLE VI <br />Tax Increment; Taxes <br />Section 6.1. Right to Collect Delinquent Taxes ....................................................................................16 <br />Section 6.2. Reduction ot'Taaces ........................................................................................................... lb <br />37$990v6 SJB AR200-10 i <br />
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