Common use of Recapitulation Clause in Contracts

Recapitulation. 1. Legal name of each initial party to this Agreement: ▇▇▇▇▇▇ River Partners, LLC DBA Bushy Park and Berkeley County, South Carolina 2. County and street address of the project and property to be subject to this Agreement: [ ] Berkeley County, South Carolina 3. Minimum investment agreed upon: $2,000,000 (real property) $5,000,000 (personal property) 4. Length and term of this Agreement: 10 years for each annual increment of investment in the Project during the Investment Period. 5. Assessment ratio applicable for each year of this Agreement: 6% 6. Millage rate applicable for each year of this Agreement: Every year of the term: 273.7 ▇▇▇▇▇ 7. Schedule showing the amount of the fee and its calculation for each year of this Agreement: Waived by the County and the Company 8. Schedule showing the amount to be distributed annually to each of the affected taxing entities: Waived by the County and the Company

Appears in 2 contracts

Sources: Fee in Lieu of Tax Agreement, Fee in Lieu of Tax Agreement

Recapitulation. 1. Legal name of each initial party to this Agreement: ▇▇▇▇▇▇ River Partners, LLC DBA Bushy Park Project Aspire and Berkeley County, South Carolina. 2. County and street address of the project and property to be subject to this Agreement: [ ] Berkeley County, South Carolina[to be updated] 3. Minimum investment agreed upon: $2,000,000 131,000,000 (real property) $5,000,000 (and personal property) 4. Length and term of this Agreement: 10 25 years for each annual increment of investment in the Project during the Investment Period. 5. Assessment ratio applicable for each year of this Agreement: 6% 6. Millage rate applicable for each year of this Agreement: Every year of the term: 273.7 the millage rate applicable on June 30, 2024, which the parties understand is 258.7 ▇▇▇▇▇ 7. Schedule showing the amount of the fee and its calculation for each year of this Agreement: Waived by the County and the Company 8. Schedule showing the amount to be distributed annually to each of the affected taxing entities: Waived by the County and the Company

Appears in 1 contract

Sources: Fee in Lieu of Tax Agreement

Recapitulation. 1. Legal name of each initial party to this Agreement: ▇▇▇▇▇▇ River Partners, LLC DBA Bushy Park DC Blox Inc. and Berkeley County, South Carolina 2. County and street address of the project and property to be subject to this Agreement: [ ] ], Berkeley County, South Carolina 3. Minimum investment agreed upon: $2,000,000 25,725,000 (real property) $5,000,000 10,000,000 (personal property) 4. Length and term of this Agreement: 10 20 years for each annual increment of investment in the Project during the Investment Period. 5. Assessment ratio applicable for each year of this Agreement: 6% 6. Millage rate applicable for each year of this Agreement: Every year of the term: 273.7 ▇▇▇▇▇ 7. Schedule showing the amount of the fee and its calculation for each year of this Agreement: Waived by the County and the Company 8. Schedule showing the amount to be distributed annually to each of the affected taxing entities: Waived by the County and the Company

Appears in 1 contract

Sources: Fee in Lieu of Tax and Incentive Agreement

Recapitulation. 1. Legal name of each initial party to this Agreement: ▇▇▇▇▇▇ River Partners, LLC DBA Bushy Park [Project Drift] and Berkeley County, South Carolina. 2. County and street address of the project and property to be subject to this Agreement: [ ] Berkeley County, South Carolina[to be updated] 3. Minimum investment agreed upon: $2,000,000 (400,000,000 in real property) $5,000,000 (and personal property) 4. Length and term of this Agreement: 10 30 years for each annual increment of investment in the Project during the Investment Period. 5. Assessment ratio applicable for each year of this Agreement: 64% 6. Millage rate applicable for each year of this Agreement: Every year of the term: 273.7 ▇▇▇▇▇ 7. Schedule showing the amount of the fee and its calculation for each year of this Agreement: Waived by the County and the Company 8. Schedule showing the amount to be distributed annually to each of the affected taxing entities: Waived by the County and the Company

Appears in 1 contract

Sources: Fee in Lieu of Tax Agreement