Common use of The City Clause in Contracts

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the acquisition and equipping of land and a building by the Company pursuant to Section 1.A., above, shall be entitled to an 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for a period of five (5) calendar years, commencing January 1, 2019, such commencement date is contingent on the project actually being completed by December 31, 2018, and provided proper application is made therefor. It is the City’s further intention that the building expansion, together with the land upon which it is located, shall be entitled to a 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for an additional period of five years from January 1, 2024 to December 31, 2028, subject to the approval, in 2022, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the acquisition expansion and equipping of land and a building by the Company pursuant to Section 1.A., above, shall be entitled to an a 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for a period of five (5) calendar years, commencing January 1, 20192021, such commencement date is contingent on the project actually being completed by December 311, 20182020, and provided proper application is made therefor. It is the City’s further intention that the building expansion, together with the land upon which it is located, expansion shall be entitled to a 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for an additional period of five years from January 1, 2024 2026 to December 31, 20282030, subject to the approval, in 20222025, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the acquisition expansion and equipping of land and a building by the Company pursuant to Section 1.A., above, shall be entitled to an a 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for a period of five (5) calendar years, commencing January 1, 20192025, such commencement date is contingent on the project actually being completed by December 31, 20182024, and provided proper application is made therefor. It is the City’s further intention that the building expansion, together with the land upon which it is located, expansion shall be entitled to a 100% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for an additional period of five years from January 1, 2024 2030 to December 31, 20282034, subject to the approval, in 20222029, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the acquisition expansion and equipping of land and a building by the Company pursuant to Section 1.A., above, shall be entitled to an 100a 90% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for a period of five (5) calendar years, commencing January 1, 20192025, such commencement date is contingent on the project actually being completed by December 31, 20182024, and provided proper application is made therefor. It is the City’s further intention that the building expansion, together with the land upon which it is located, expansion shall be entitled to a 10090% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for an additional period of five years from January 1, 2024 2030 to December 31, 20282034, subject to the approval, in 20222029, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.

The City. So long as the Company meets and performs its obligations under this Agreement, it is the City’s intention that the acquisition expansion and equipping of land and a building by the Company pursuant to Section 1.A., above, shall be entitled to an 10080% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for a period of five (5) calendar years, commencing January 1, 20192023, such commencement date is contingent on the project actually being completed by December 31, 20182022, and provided proper application is made therefor. It is the City’s further intention that the building expansion, together with the land upon which it is located, expansion shall be entitled to a 100an 80% exemption from ad valorem taxation, except taxation levied by a school district pursuant to KSA 72-8801, for an additional period of five years from January 1, 2024 2028 to December 31, 20282032, subject to the approval, in 20222027, of the then current governing body. The City agrees that, during the term of this Agreement, and so long as the Company continues to meet and perform all of its obligations under this Agreement, the City will reasonably cooperate with the Company’s efforts to perfect the intended exemption before the Kansas Court of Tax Appeals, and to make all necessary annual filings required to maintain such ad valorem tax exemption in full force and effect during the term of this Agreement, in accordance with K.S.A. 79-210 et seq.