Economic Development Agreement Sample Contracts

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • May 5th, 2020 • Ohio

THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this day of , 2018 (the “Effective Date”), by and between the CITY OF DUBLIN, OHIO (the “City”), a municipal corporation duly organized and validly existing under the Constitution and the laws of the State of Ohio (the “State”) and its Charter, and XCELERATE MEDIA, INC., a Delaware corporation (the “Company” and together with the City, the “Parties”), under the circumstances summarized in the following recitals.

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ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • June 18th, 2018 • Indiana

This Economic Development Agreement (the “Agreement”) is entered into as of the day of , (“Effective Date”), by and between the Redevelopment Commission of the City of Franklin, Indiana (“RDC”), as the governing body of the City of Franklin, Indiana Redevelopment District, the City of Franklin, Indiana, by and through its Board of Public Works and Safety (“BOW”), the Franklin Development Corporation (“FDC”), an Indiana non-profit neighborhood development corporation, and Franklin Gateway Development, LLC an Indiana limited liability company. (Collectively, the RDC, BOW, FDC, and Franklin Gateway Development, LLC are the “Parties”; the RDC and BOW are the “City”; and Franklin Gateway Development, LLC is the “Developer”.)

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • June 13th, 2014 • Indiana

made and entered into effective this day of , , by and between the City of Franklin, Indiana (“City”), by and through its Redevelopment Commission (the “RDC”), and 55 West Madison Street, LLC (“Developer”), an Indiana limited liability company.

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 14th, 2020 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (“Agreement”) is made and entered into this day of October, 2020 (“Effective Date”), by and among the City of Fishers, Hamilton County, Indiana, an Indiana municipal corporation (the “City”), Fishers Redevelopment Commission, a City commission existing and authorized pursuant to Ind. Code § 36-7-14 et. seq. (the “Commission”), Fishers Economic Development Commission, a City commission of existing and authorized pursuant to Ind. Code § 36-7-12 et. seq. (the “EDC” and together with the City and the Commission, the “City Bodies”) and HG Hart Maple Del LLC, an Indiana limited liability company duly registered with the Office of the Indiana Secretary of State, or its assignee or designee as provided under this Agreement (the “Developer” and together with the City Bodies, the “Parties”).

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 16th, 2015 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into effective this day of , _ , by and among the City of Franklin, Indiana (“City”), by and through its Redevelopment Commission (the “RDC”), and Franklin Community School Corporation (“FCSC”).

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 7th, 2013 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (the "Agreement") is made and entered into as of the day of October, 2013, by and between the Town of Fishers, Hamilton County, Indiana, an Indiana municipal corporation (“Fishers”), the Town of Fishers Redevelopment Commission, a commission existing and authorized pursuant to Ind. Code § 36-7-14 et. seq. (“FRC”) and Bluebridge Digital LLC, an Indiana limited liability company, as follows:

REDEVELOPMENT COMMISSION, FISHERS TOWN HALL BIUILDING CORPORATION, GUIDESOFT, INC., KHI SOLUTIONS, INC. AND DOT STAFF, LLC
Economic Development Agreement • April 4th, 2019

("Second Amendment") is made and entered into this day of March, 2019 (“Effective Date”) by and among the City of Fishers, Hamilton County, Indiana, an Indiana municipal corporation ("City"), City of Fishers Redevelopment Commission, a commission authorized and existing pursuant to Ind. Code § 36-7-14 et. seq. ("FRC"), the Fishers Town Hall Building Corporation, an Indiana not-for-profit corporation organized, existing and operating pursuant to Ind. Code §§ 23-7-1.1 and 36-7-14-12.2(a)(25) (“Corporation”), Guidesoft, Inc. d/b/a Knowledge Services, an Indiana corporation (“Knowledge Services”), KHI Solutions, Inc., an Indiana corporation (“KHI”), and dotStaff, LLC, an Indiana limited liability company (“dotStaff”), as follows:

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • July 6th, 2016 • Texas

THIS ECONOMIC DEVELOPMENT AGREEMENT ("Agreement") is made and entered into as of , 2016, by and between the Seabrook Economic Development Corporation, situated in Harris County, Texas ("SEDC"), and Seabrook Hospitality, LP, doing business as the Hampton Inn Seabrook, a Texas limited partnership, with registered office located at 3925 Lake Star Drive, League City, TX 77573, registered agent Gunvant D Bhakta, and general partner Shurag Hospitality Group, LLC, (“Owner” or "Developer"), collectively referred to herein as the "Parties."

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • August 10th, 2016 • Indiana

Hamilton County, Indiana, an Indiana municipal corporation (“City”), Fishers Redevelopment Commission, a City commission existing and authorized pursuant to Ind. Code § 36-7-14 et. seq. (“FRC”) and Fishers Economic Development Commission, a City commission of existing and authorized pursuant to Ind. Code § 36-7-12 et. seq. (“EDC”) and CIO Real Estate Fishers, LLC, an Indiana limited liability, (“CIORE”), as follows:

FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • January 30th, 2020

(“First Amendment”) is made and entered into on , 2020, by and between the TOWN OF DILLON, a Colorado home rule municipal corporation (“Town”), and Manna Colorado, LLC, a limited liability company (“Manna” and together with the Town, the “Parties”).

ECONOMIC DEVELOPMENT AGREEMENT BETWEEN LONGFELLOW REAL ESTATE PARTNERS, LLC AND THE CITY OF DURHAM
Economic Development Agreement • June 30th, 2015 • North Carolina

day of , 2015, by and between the City of Durham (the “City”), a North Carolina municipal corporation and Longfellow Real Estate Partners, LLC, a limited liability company ( “Company”) organized and existing under the law of

Common Council Agenda Item Cover Sheet
Economic Development Agreement • March 10th, 2022

This Condemnation Settlement Agreement and Covenant Not To Sue (this “Agreement”) is by and between Industrial Dielectrics, Inc. (“IDI”) and the City of Noblesville, Indiana (”City”). It is effective as of the 28th day of February, 2022. It is premised on the following recitals, which are incorporated into this Agreement:

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • December 8th, 2022 • Indiana

day of December, 2022 (the “Effective Date”), by and between the Redevelopment Commission of the City of Franklin, Indiana (“RDC”), as the governing body of the City of Franklin, Indiana Redevelopment District, and Cold Summit Development LLC, a Delaware limited liability company (“Cold Summit”). (Collectively, the RDC and Cold Summit are the “Parties”).

Contract
Economic Development Agreement • November 17th, 2016 • Texas

This Chapter 380 Economic Development Agreement (this "Agreement") is entered into by and between the CITY OF BRYAN, TEXAS, a home-rule municipal corporation organized under the laws of Texas (hereinafter referred to as "CITY"), and VIASAT, INC., a Delaware corporation (hereinafter referred to as "COMPANY").

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • September 7th, 2016 • Ohio

THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this day of , 2016 (the “Effective Date”), by and between the CITY OF DUBLIN, OHIO (the “City”), a municipal corporation duly organized and validly existing under the Constitution and the laws of the State of Ohio (the “State”) and its Charter, and O’BRIEN ROBINSON CONSTRUCTION SERVICES, INC., an Ohio corporation (the “Company” and together with the City, the “Parties”), under the circumstances summarized in the following recitals.

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • March 26th, 2019 • Texas

THIS CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT ("Agreement") is entered into as of this 26th day of_M_arch_, 2019 (the “Effective Date”) by and between the CITY OF KYLE, TEXAS, a home rule city of the State of Texas ("City") and ENF (KYLE) TECHNOLOGY, LLC., a Delaware limited liability company ("Employer"). Collectively, the City and Employer may be referred to as "Parties" and individually as a "Party," acting by and through their respective authorized officers.

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 25th, 2018 • Ohio

day of , 2018 (the “Effective Date”), by and between the CITY OF DUBLIN, OHIO (the “City”), a municipal corporation duly organized and validly existing under the Constitution and the laws of the State of Ohio (the “State”) and its Charter, and OHIOHEALTH CORPORATION, an Ohio nonprofit corporation (the “Company” and together with the City, the “Parties”), under the circumstances summarized in the following recitals.

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • June 3rd, 2022 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into on the day of June, 2022 (the “Effective Date”), by and among the Town of Brownsburg, Indiana (the “Town”) by its Town Council, the Brownsburg Redevelopment Commission (the “Commission” and collectively with Town, the “Town Bodies”) and Flaherty & Collins Development, Inc., an Indiana corporation (the “Developer”),

RURAL SOURCING ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • December 19th, 2018 • Oklahoma

$1,500,000 in the Oklahoma City location in Bricktown in the historic Plow Building with plans to add approximately 150 new to market IT related jobs over the next five to seven years; and

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • November 18th, 2011 • Indiana

Indiana (the “City”) and the City of Westfield, Indiana Redevelopment Commission (the “RDC” collectively with the City, the “Local Government Bodies”) and MS WESTFIELD, LLC a limited liability company organized and existing under the laws of the State of Indiana (together with any assignees, the “Company”).

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • May 5th, 2020 • Ohio

day of , 2016, by and between the CITY OF DUBLIN, OHIO (the “City”), a municipal corporation duly organized and validly existing under the Constitution and the laws of the State of Ohio (the “State”) and its Charter, and UPDOX LLC, an Ohio limited liability company (the “Company” and together with the City, the “Parties”), under the circumstances summarized in the following recitals.

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • May 5th, 2020 • Indiana

This ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this day of , 2017 by and among the TOWN OF WHITESTOWN, INDIANA, a municipality and a political subdivision organized and existing under the laws of the State of Indiana (the “Town”), the WHITESTOWN REDEVELOPMENT COMMISSION (the “Commission” and collectively with the Town, the “Town Parties”), a redevelopment commission organized and existing under the provisions of Indiana Code 36-7-14 and Indiana Code 36-7-25, each and amended (the “Act”), and MT PROPERTIES, LLC, an Indiana limited liability company (the “Developer”), to facilitate the renovation of a former school building located in the Town.

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ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • June 13th, 2019 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (“Agreement”) is made and entered into this _17th_ day of June_, 2019 (“Effective Date”), by and among the City of Fishers, Hamilton County, Indiana, an Indiana municipal corporation (the “City”), Fishers Redevelopment Commission, a City commission existing and authorized pursuant to Ind. Code § 36-7-14 et. seq. (the “Commission”), Fishers Economic Development Commission, a City commission of existing and authorized pursuant to Ind. Code § 36-7-12 et. seq. (the “EDC” and together with the City and the Commission, the “City Bodies”) and Pullman Pointe, an Indiana limited liability company duly registered with the Office of the Indiana Secretary of State (the “Developer”).

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • February 5th, 2019 • Indiana

This ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this day of , 2019 by and among the TOWN OF WHITESTOWN, INDIANA, a municipality and a political subdivision organized and existing under the laws of the State of Indiana (the “Town”), the WHITESTOWN REDEVELOPMENT COMMISSION (the “Commission” and collectively with the Town, the “Town Parties”), a redevelopment commission organized and existing under the provisions of Indiana Code 36-7-14 and Indiana Code 36-7-25, each as amended (the “Act”), and LITTLE LEAGUE BASEBALL, INCORPORATED, a federally chartered non-profit corporation (the “Developer”), to facilitate the development of a Little League regional headquarters in the Town.

ECONOMIC DEVELOPMENT AGREEMENT BETWEEN LONGFELLOW REAL ESTATE PARTNERS, LLC AND THE CITY OF DURHAM
Economic Development Agreement • May 5th, 2020 • North Carolina

The purpose of this Agreement is to aid and encourage the development of the properties located at 224 Morris Street and 302 Morris Street, and 301 Morris Street Durham, North Carolina. The property is located inside the Downtown Development Tier of the City of Durham. The City Council finds that the construction of the capital improvements to be made by the Company and the resulting jobs to be created is likely to have a positive effect on the revitalization of the City of Durham’s downtown. The City Council also finds that it is in the City’s interest and of benefit to the Central Park District.

ECONOMIC DEVELOPMENT AGREEMENT (MARIANO’S FRESH MARKET)
Economic Development Agreement • October 10th, 2013 • Illinois

Village Parcel Purchase Price $1,000,000.00 Stratis Parcel Purchase Price $1,100,000.00 Engineering, testing, environmental $480,836.00 Marketing fees $213,930.00 Closing costs and legal fees in connection with acquisition, financing and leasing $230,000.00 Financing Costs $1,628,073.00

FOURTH AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • August 17th, 2017

(the "Fourth Amendment") is made and entered into as of the day of June, 2017, by and among the Common Council (the "Council") of the City of Fishers, Indiana (the "City") (formerly the Town Council of the Town of Fishers, Indiana), the City of Fishers Redevelopment Commission (formerly the Town of Fishers Redevelopment Commission) (the "Redevelopment Commission"), and Interchange Diversified, LLC ("Interchange").

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • September 25th, 2018 • Indiana

This Economic Development Agreement (the “Agreement”) is entered into as of the day of _, 2018 (“Effective Date”), between and among the Redevelopment Commission of the City of Franklin, Indiana (“RDC”), as the governing body of the City of Franklin, Indiana Redevelopment District, and AMayZing Food & Beverage, LLC (“Developer”), an Indiana limited liability company (individually a “Party” and collectively, the RDC and the Developer are the “Parties”).

THIRD AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 17th, 2018

WHEREAS, consistent with that certain Economic Development Agreement, dated as of July 18, 2016, by and among the City, FRC, EDC and CIORE, as amended by that certain First Amendment To Economic Development Agreement, dated as of August, 2017, and that certain Second Amendment To Economic Development Agreement dated as of October, 2017 by among the City, FRC, EDC and CIORE (as amended, the “EDA”) CIORE agreed to purchase and develop approximately thirty-seven (37) acres of real property generally located at or about 0 East 136th Street and identified by parcel nos. 13-11-24-00-00-022.000 and 13-11-24-00-00-

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • March 28th, 2016 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into effective this day of , _ , by and between the City of Franklin, Indiana, by and through its Board of Public Works and Safety (the “City”), the City of Franklin, Indiana, by and through its Redevelopment Commission (the “RDC”), and Investment One, Inc. d/b/a Bemis Group, an Indiana corporation (“Developer”).

Contract
Economic Development Agreement • June 14th, 2017

FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF FISHERS, FISHERS REDEVELOPMENT COMMISSION, BRADEN MUNICIPAL DRIVE, LLC AND BRADEN BUSINESS SYSTEMS, INC.

SECOND AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • October 14th, 2020

This Second Amendment to Economic Development Agreement (the "Secpmd Amendment") is made and entered into as of the day of October, 2020 by and between the Village of Westmont, Illinois, an Illinois municipal corporation ("Village") and HP Quincy Partners, LLC an Indiana limited liability company ("Developer"); (the Village and the Developer may each be referred to as a “Party” and collectively referred to as “Parties”).

VINFAST MANUFACTURING US, LLC COMMUNITY ECONOMIC DEVELOPMENT AGREEMENT GRANT NO. 2022-04
Economic Development Agreement • June 15th, 2023 • VinFast Auto Pte. Ltd. • Motor vehicles & passenger car bodies • North Carolina

This Community Economic Development Agreement (this “Agreement”) between and among the Economic Investment Committee of the State of North Carolina (the “EIC”), VinFast Manufacturing US, LLC (the “Company”), VinFast Trading and Production JSC, VinFast Trading & Investment PTE. LTD. and VinES Energy Solutions JSC (each individually a “Related Member Party” and collectively the “Related Member Parties”), and Vingroup Joint Stock Company] (the “Guarantor”), is hereby made effective as of the 29th day of March, 2022 (the “Effective Date”) and shall remain in effect through December 31, 2071 unless this grant is terminated pursuant to the provisions of Article V, in which case this Agreement shall remain in effect for 150% of the Grant Term, as that term is defined below (such period of time running from the Effective Date to the applicable end date set forth above shall constitute the “Agreement Term”). Capitalized terms used herein have the meanings set forth in Article I.

ECONOMIC DEVELOPMENT AGREEMENT BY AND BETWEEN THE TOWN OF FISHERS, INDIANA AND MATT & RACHEL, LLC
Economic Development Agreement • September 11th, 2014 • Indiana

THIS ECONOMIC DEVELOPMENT AGREEMENT (“Agreement”) is made and entered into this day of September, 2014, by and between the Town of Fishers, Hamilton County, Indiana, an Indiana municipal corporation (“Fishers”) and Matt & Rachel, LLC d/b/a Bub’s Burgers & Ice Cream, an Indiana limited liability company (“Bub’s”), as follows:

ECONOMIC DEVELOPMENT AGREEMENT
Economic Development Agreement • June 7th, 2016 • Arizona

This Economic Development Agreement (“Agreement”) is made in accordance with Arizona Revised Statutes (“A.R.S.”) §§ 11-201, 11-251, 11-254, and 11-254.04, by and between

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