Economic Incentive Agreement Sample Contracts

ECONOMIC INCENTIVE AGREEMENT BETWEEN A&J CAPITAL CORPORATION. AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • January 29th, 2015 • North Carolina

THIS AGREEMENT is made and entered into this the day of , 2015 (“Contract Date”) by and between A&J Capital Corporation. (the "Company”), a nonprofit corporation organized and existing under the laws of the State of North Carolina, and the City of Durham (the "City"), a North Carolina municipal corporation.

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ECONOMIC INCENTIVE AGREEMENT BETWEEN MIGRATE PROPERTY 2, LLC AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • May 5th, 2020 • North Carolina

THIS AGREEMENT is made and entered into this the day of , 2016 (“Contract Date”) by and between Migrate Property 2, LLC (the "Company”), a limited liability corporation organized and existing under the laws of the State of North Carolina, and the City of Durham (the "City"), a North Carolina municipal corporation.

FOURTH AMENDMENT TO ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • August 11th, 2017

This amendment is made to that certain Economic Incentive Agreement entered into effective September 1, 2006, as amended on May 28, 2007, on January 24, 2011 and on February 11, 2014 (collectively the “Agreement”), by and between the City of Euless, Texas, a home rule municipality organized and existing under the constitution and laws of the State of Texas, hereinafter referred to as “City”, and Vineyard Village MSV, LLC, a Texas Limited Liability Company, an affiliate of Burk Collins & Co., Ltd., hereinafter referred to as “Current Developer”, and Big Vineyard Village, LLC, a Texas Limited Liability Company, hereinafter referred to as “New Developer,” and is entered into as of the date last executed by any of the parties hereto, although effective as of June 13, 2017.

ECONOMIC INCENTIVE AGREEMENT BETWEEN SELF HELP VENTURES FUND AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • June 13th, 2016 • North Carolina

THIS AGREEMENT is made and entered into this the day of , 2016 (“Contract Date”) by and between the City of Durham (the "City"), a North Carolina municipal corporation and Self-Help Ventures Fund (the "Company”), a non-profit corporation organized and existing under the laws of the State of North Carolina.

ECONOMIC INCENTIVE AGREEMENT BETWEEN THE CITY OF LOCKPORT
Economic Incentive Agreement • February 1st, 2019 • Illinois

February 2019, between the City of Lockport, an Illinois Municipal Corporation located at 222 East 9th Street, Lockport, Illinois, 60441 (the “City”), and FCA REALTY LLC, a Delaware limited liability company (“FCAR”).

AMENDMENT TO ECONOMIC INCENTIVE AGREEMENT BETWEEN UDI COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • December 6th, 2013

The City and the Company entered into a contract titled “Agreement Between the UDI Community Development Corporation and the City of Durham for Neighborhood Revitalization Capital Improvement Incentives for Economic Development Activities,” dated June 14, 2012. That contract is referred to as the “Original Contract.” The Original Contract referenced a completion date of no later than 1 year following the “Contract Date.” The Company was unable to complete the required work by June 14, 2012 due to factors largely outside of the Company’s control, including construction adjustments required to comply with the historical requirements of the project, zero lot lines requiring extensive negotiation with property owners to gain access to the project site via the adjacent properties and other construction matters which resulted in unavoidable delays. The Original Contract is hereby amended as follows:

ECONOMIC INCENTIVE AGREEMENT BY AND BETWEEN
Economic Incentive Agreement • September 21st, 2022 • Illinois

THIS ECONOMIC INCENTIVE AGREEMENT (“Agreement”), is dated the day of , 202 (“Effective Date”), and is by and between the VILLAGE OF GILBERTS, an Illinois municipal corporation with offices located at 87 Galligan Road, Gilberts, Illinois (“Village”) and , an with offices

ECONOMIC INCENTIVE AGREEMENT (OAK CREEK PLAZA)
Economic Incentive Agreement • November 6th, 2014 • Illinois
ECONOMIC INCENTIVE AGREEMENT BETWEEN UDI COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • May 31st, 2012 • North Carolina

THIS AGREEMENT is made and entered into this the day of , 2012 (“Contract Date”) by and between UDI Community Development Corporation (the "Company”), a nonprofit corporation organized and existing under the laws of the State of North Carolina, and the City of Durham (the "City"), a North Carolina municipal corporation.

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • May 6th, 2019

Intellivation, LLC, a Colorado limited liability company (“Company”) and the City of Loveland, a home rule municipal corporation (“City”), each of which may be individually referred to herein as a “Party” or all of which may be collectively referred to herein as the “Parties.”

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • October 27th, 2020

(“Second Amendment”) is entered into as of , 2020, by and between the City of Lockport, Illinois (the “City”), and Lockport Hotel LLC, an Illinois limited liability company and assignee of Lockport Square LLC (the “Company”).

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • May 11th, 2023 • Illinois

This ECONOMIC INCENTIVE AGREEMENT (“Agreement”) made and entered into this day of , 2023 (hereinafter referred to as the “Effective Date”), by and between the VILLAGE OF OSWEGO, an Illinois Home Rule Municipal corporation (hereinafter referred to as the “Village”) and WHITETAIL RIDGE GOLF CLUB, LLC, an Illinois Limited Liability corporation (hereinafter referred to as the “Developer”), collectively also “Parties” or “Party”.

AMENDMENT TO ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • May 4th, 2007

This amendment is made to that certain Economic Incentive Agreement (the “Agreement”) entered into effective September 1, 2006, by and between the City of Euless, Texas, a home rule municipality organized and existing under the constitution and laws of the State of Texas, hereinafter referred to as “CITY”, and Burk Collins & Co., Ltd., a Texas Corporation, hereinafter referred to as “CURRENT DEVELOPER”, and Vineyard Village MSV, LLC, a Texas Limited Liability Company, an affiliate of Burk Collins & Co. Ltd., hereinafter referred to as “NEW DEVELOPER”, and is entered into as of the date last executed by any of the parties hereto, although effective as of the 2nd day of September, 2006.

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • January 25th, 2021 • Illinois

THIS ECONOMIC INCENTIVE AGREEMENT ("Agreement') is made and entered into as of the day of ,2021 ("Effective Date"), by and between the VILLAGE OF OSWEGO, an Illinois municipal corporation and home rule unit of local government with offices located at 100 Parkers Mill, Oswego, Illinois ("Village") and CHRISTINA BARICKMAN DEMIDUK located at , Illinois ("Taxpayer") (collectively, the Village and the Taxpayer are the "Parties").

AMENDMENT TO ECONOMIC INCENTIVE AGREEMENT BETWEEN UDI COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF DURHAM FOR NEIGHBORHOOD REVITALIZATION
Economic Incentive Agreement • November 11th, 2013

The City and the Company entered into a contract titled “Agreement Between the UDI Community Development Corporation and the City of Durham for Neighborhood Revitalization Capital Improvement Incentives for Economic Development Activities,” dated June 14, 2012. That contract is referred to as the “Original Contract.” The Original Contract referenced a completion date of no later than 1 year following the “Approval Date.” The City Council approved the Original Contract on June 4, 2012. The Company was unable to complete the required work by June 4, 2012 due construction adjustments were needed to comply with the historical requirements of the project, zero lot lines required extensive negotiation with property owners to gain access to the project site via the adjacent properties and other construction matters which resulted in delays beyond the control of the Company. The Original Contract is hereby amended as follows:

ECONOMIC INCENTIVE AGREEMENT BETWEEN
Economic Incentive Agreement • May 11th, 2022 • Colorado

This Economic Incentive Agreement (“Agreement”) is made and entered into on this day of , 2022 (“Effective Date”), by and between the Town of Johnstown, a home rule municipality and political subdivision of the State of Colorado (“Town”), and Uncle Benny’s Building Supplies, LLC, a Colorado limited liability company (“Uncle Benny’s”).

E C O N O M I C I N C E N T I V E A G R E E M E N T
Economic Incentive Agreement • October 14th, 2019

WHEREAS, it is the desire of the City of Chickasha to encourage employers to create industry in the City of Chickasha by providing economic incentives; and

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • February 4th, 2022 • California

NOW, THEREFORE, in consideration of the foregoing Recitals and the following mutual covenants, agreements, conditions and representations, and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

ECONOMIC INCENTIVE AGREEMENT BETWEEN THE VILLAGE OF HOMEWOOD, FORD OF HOMEWOOD, INC. AND FORD OF HOMEWOOD PROPERTIES, LLC
Economic Incentive Agreement • February 22nd, 2022 • Illinois

This Agreement is made and entered into this day of , 2022, between the VILLAGE OF HOMEWOOD, Cook County, Illinois, an Illinois municipal corporation (the “Village”), and Ford of Homewood, Inc., an Illinois corporation, and Ford of Homewood Properties, LLC, an Illinois limited liability company (referred to jointly as “Developer”).

ORDINANCE NO. 21 -- ECONOMIC INCENTIVE AGREEMENT BY AND BETWEEN THE VILLAGE OF OSWEGO, OLD SECOND BANK, AND FREDDIE’S OFF THE CHAIN MEXICAN CUISINE INC.
Economic Incentive Agreement • January 7th, 2021

WHEREAS, the Village of Oswego (“Village”) has a population of more than 25,000 and is therefore a “Home Rule Unit” under the 1970 Illinois Constitution; and

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • August 19th, 2016 • California

, 2016, by and between the City of Placerville, a municipal corporation (“City”) and Hallmark Development and Realty Corporation, (“Developer”), and/or assigns to a new operating entity and all of whom are collectively referred to as the “Parties”, with reference to the following facts:

ECONOMIC INCENTIVE AGREEMENT
Economic Incentive Agreement • April 19th, 2017

THIS ECONOMIC INCENTIVE AGREEMENT (the “Agreement”) by and between the Village of West Dundee, Kane County, an Illinois municipal corporation (the “Village”), and Bricks of West Dundee, LLC, an Illinois Limited Liability Company (the “Developer”) is entered into this day of April, 2017.

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