Common use of Recapture Enhanced Value Program; Amount Clause in Contracts

Recapture Enhanced Value Program; Amount. ‌ The City shall make a Recapture Enhanced Value grant (“▇▇▇ ▇▇▇▇▇”) to the Company, in a total amount not to exceed $214,000.00, partially payable beginning in the first year following the Completion of Construction of the Project and purchase of tangible personal property at the Project Parcel and its inclusion on the City tax rolls at full assessed value (the “Initial Year”) and ending 5 years thereafter, but not later than 2019 (the “Final Year”), all as more fully described below in this Article 4.

Appears in 1 contract

Sources: Economic Development Agreement

Recapture Enhanced Value Program; Amount. The City shall make a Recapture Enhanced Value grant (“▇▇▇ ▇▇▇▇▇”) to the Company, in a total amount not to exceed $214,000.0023,000,000, partially payable beginning in the first year following the Completion of Construction of the Project and purchase of tangible personal property at the Project Parcel and its inclusion on the City tax rolls at full assessed value (the “Initial Year”) and ending 5 10 years thereafter, but not later than 2019 2035 (payable in 2036) (the “Final Year”), all as more fully described below in this Article 4.

Appears in 1 contract

Sources: Economic Development Agreement

Recapture Enhanced Value Program; Amount. ‌ The City shall make a Recapture Enhanced Value grant (“▇▇▇ ▇▇▇▇▇”) to the Company, in a total amount not to exceed $214,000.003,000,000, partially payable in annual installments beginning in the first year following the Completion of Construction Company’s construction of the Project and purchase of tangible personal property cold storage facility at the Project Parcel and its inclusion on the City tax rolls at full assessed value (the “Initial Year”) and ending 5 years thereafter, but not later than 2019 2029 (the “Final Year”), payable in fiscal year 2030, all as more fully described below in this Article 4.

Appears in 1 contract

Sources: Economic Development Agreement

Recapture Enhanced Value Program; Amount. The City shall make a Recapture Enhanced Value grant (“▇▇▇ ▇▇▇▇▇”) to the Company, in a total amount not to exceed $214,000.005,300,000, partially payable in annual installments beginning in the first year following the Completion of Construction Company’s construction of the Project and purchase of tangible personal property liquefaction facility at the Project Parcel and its inclusion on the City tax rolls at full assessed value (the “Initial Year”) and ending 5 ten (10) years thereafter, but not later than 2019 2038 (the “Final Year”), payable in fiscal year 2039, all as more fully described below in this Article 4.

Appears in 1 contract

Sources: Economic Development Agreement