Revocation or amendment. If and when they are adopted, the CITY shall not revoke or amend the TIF Plan and Project or the TIF Ordinances, if any such revocation or amendment would prevent, reduce, alter or otherwise impair the expenditure of TIF funds to support the Development of the DEVELOPER Property as obligated in this Agreement. The CITY shall give the DEVELOPER at least thirty (30) days written notice of any proposed revocation or material amendment to the TIF Plan and Project materially impacting the Development, the TIF Ordinances, this Agreement, or any other governing TIF document.
Appears in 1 contract
Sources: Economic Incentive and Tax Increment Allocation Financing Development Agreement
Revocation or amendment. If and when they are adopted, the CITY shall not revoke or amend the TIF Plan and Project or the TIF Ordinances, if any such revocation or amendment would prevent, reduce, alter or otherwise impair the expenditure of TIF funds to support the Development of the DEVELOPER DISTRICT Property as obligated in this Agreement. The CITY shall give the DEVELOPER DISTRICT at least thirty (30) days written notice of any proposed revocation or material amendment to the TIF Plan and Project materially impacting the Development, the TIF Ordinances, this Agreement, or any other governing TIF document.
Appears in 1 contract
Sources: Economic Incentive and Tax Increment Allocation Financing Development Agreement