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8A, Presbyterian Homes TIF
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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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TASLE OF CONTENTS <br />_ Pa�e <br />PREAMBLE .................�-------•.............................................. <br />..........................................................�----�---.. I <br />ARTICLE � <br />De#�nitions <br />Section1.1. Definitions .............................•----�-�-�-----------....................................-----�-�---------....................2 <br />ARTICLE II <br />Representations and Warranties <br />5ection 2.i . Representations by the Cih' ................................................................................................5 <br />Section 2.2. Representations and Warranties by the Developer .............................................................5 <br />ARTICLE III <br />Public Develaument Costs; Financin� Convevance of Land <br />Sectior� 3.�. Status ofAroPert}'----� ......................................•-�--------...........................................-�-------�---�-� <br />Sectian 3.2. Public DeveloprnentCosis ............................•-�-�-�---------�-�--�--.............................-------�--------� <br />Section 33_ Reimb�rsernent of Public Development Costs ...................................................................7 <br />Section3.4. Business Subsidy Act ...........................................�-�----..._.....__.............................----�-�---------8 <br />Section 3.5. Con�eyance of Triangle Parcel .........--� ..............................................�-----------.....................8 <br />Sectian3.6. Relocatian -----------�---��----� ..........................................................................................�----�� 1 <br />Section 3r.�,3_7. Records_................... .-�.gl ] <br />................�---�----------�---...................................-�--�------------�-�--...... <br />... _ <br />Section3.8. TIF Lookback..---�-----------------�---................................------.............._................................�-9I l <br />ARTICLE IV <br />Construction of Minimum �mprovements; Publir Imnrovements <br />Section 4.1 _ Construction of lmprovements ......................................--.-.-------.------.............................�-�-� 3 <br />Seetion4.2. Construction Plans .................................................................................�-----.................-3� 13 <br />Section 43_ Commencement and Completion of Construction .........................................................�-�14 <br />.___ <br />5ection 4.4. Certificate of Completion ..........................................�----�---------..._.................................-�-�14 <br />Section 4.5. Construction of Utility Improvements and County Road Improvements ......................�] 5 <br />ARTICLE V <br />Insurance and Condemnation <br />Sec#ion 5.�. insurance .....................�--------.....---�................................--------�--�----................................-1-417 <br />Section5.2. Subordination..--�----�-------� ...............................................�-�---.........._..............................�18 <br />ARTICLE VI <br />Tax IncreEnent• Taxes <br />, . �---- <br />Sectio� 6.I . Right to Collect Delinquent T�es .................................................................................1-619 <br />__. <br />Section 6.2. Reduction of Taxes .........-�------� .............................................�-------�---............................-1-519 <br />4 <br />
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