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8A, Presbyterian Homes TIF
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10/24/2024 10:27:41 AM
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2/2/2011 10:53:19 AM
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12-20-10 Special City Counicl Meeting
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TABLE QF CONTENTS <br />AREAMBLE .....................................................�-------- <br />ARTICLE Y <br />Definitions <br />Section l.] _ Definitions........--•-�--�--�-�----�---------- ............... <br />P_ _ a�e <br />.....................................�-------------------........... l <br />..........................�---------�...............................2 <br />ARTICLE II <br />Re resentatioas and Warranfies <br />Seetion 2.l . Representations by the City ...............................�-------�-�--..........................................-�-------.5 <br />Section 2.2. Representations and Warranties by the Developer .............................................................5 <br />ARTICLE III <br />Pubiic Deve_lopment Costs; Financin�; Convevance of Land <br />Section 3.I . <br />Section 3.2_ <br />Section 3.3. <br />Seetion 3_4. <br />Section 3.5_ <br />Section 3.6_ <br />Section 3.7. <br />Section 3.8. <br />S#atus of Property ...............................�--�-------.........................................-�-�-�------------�----.-.... 7 <br />AublicDevelopment Costs .................................................................._.....-�--------�---�-�-�--....7 <br />Rei�nburseFne�t of Public Development Costs ......... .............-------...................................... 7 <br />B�zsiness Subsidy Act ......................�---��-------�--�----�--..............................---�---------------...--------8 <br />Conveyanee of Triangfe Parcel ..............................................�------�----�---............................. 8 <br />Aelocation.....................................---�--�--�-�-----�--� ...................................•-----------------�-�------. 1 1 <br />Records........................�-�--------�----.......................................... <br />............................................ i l <br />TIFLookback ............................................_..-�----------�--........................................-----�----.... � 1 <br />ARTICLE N <br />Construetion oi'Minimum Improvements; Public Improvements <br />Section 4.I . Construction of Impravements ...........................................................................•--•---.----.--13 <br />Section�.2. Construction Plans ...._....--�-�--�-----�--� ...........................................�-----�--�---�-........................13 <br />Se�tion 43. Commencement ar�d Campletion of Constr�ction ............................................................ ] 4 <br />Seetior� 4.4. Cer�ificate of Completfan ...........................�--�--�-�---------.................................-------------------- l4 <br />Section 4.5. Construc#ion of Utility Ir�provements and County Road I�nprovements ......................... l 5 <br />ARTiCLE V <br />Insurance and Condemnation <br />Section5.1. �nsurance..----------�--�-� ...................................�----�-------......----�-.....................................----�--- I 7 <br />Section5.2. Subordination ...................................................�---------................................------------�------....IS <br />ARTICLE VI <br />Tax Increment; Taxes <br />Section 6.1 _ Right to Callect Detinquent Taxes .................................................................................... l 9 <br />Section6.2. Reduction of Taxes -�--�------� .............................................�------........................................--- l 9 <br />3�ssgo��a s3B ARzoo-�o � <br />
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