Economic Development Purpose Sample Clauses

Economic Development Purpose. The Lessee represents ---------------------------- that the Project from which this Lease Agreement arises is within the definition of a "project" under the Act. The Project is necessary to provide employment in the County to benefit the economy of the County. To that end, following negotiations, the Agency, by the Inducement Resolution, has induced the Lessee to commence the Project for the purpose of providing employment within the County. The Lessee represents that it has been so induced. The Lessee also represents that the Agency's financing of part of the costs of the Project and this Lease Agreement and any Sublease are reasonably necessary to provide that inducement; and the Agency has so determined, based on that and other representations and warranties of the Lessee and any other statements of, or information provided by, the Lessee.