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04-14-1997 EDA
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04-14-1997 EDA
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Last modified
1/29/2025 9:15:13 AM
Creation date
6/15/2018 6:13:22 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
4/14/1997
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
4/14/1997
EDA Document Type
Council Packets
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"Tax Increment Financing District" means the Authority' s Tax <br /> Increment Financing District No. 3 within the Development District, <br /> as now under the governance and control of the Authority, as <br /> described in Section 2 .1 (c) . [Note: The Tax Increment Financing <br /> District contains considerable property other than the Development <br /> Property, and that other property, and any increment generated <br /> thereby, is not a part of this Agreement or of the EDA Note. ] <br /> "Term" means the period beginning on the date of this <br /> Agreement and ending on (1) February 1, 2005, or (2) on such date <br /> (if any) as the Authority shall have terminated this Agreement <br /> pursuant to its terms, whichever shall occur earlier. <br /> "Unavoidable Delays" means any delay outside the control of <br /> the Party claiming its occurrence which is the direct result of <br /> strikes, other labor troubles, unusually severe or prolonged bad <br /> weather, unavailability of materials, Acts of God, fire or other <br /> casualty to the Improvements, litigation (including without <br /> limitation bankruptcy proceedings) and which directly results in <br /> delays; or acts of any federal, state or local governmental unit <br /> which directly result in delays. <br /> S <br /> I <br /> 346932.2 - 1-3 <br />
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