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Section 2.07. "Personal Property Tax Grant Payments" means the City's payments to <br /> Company once per calendar year during the Term of an amount equal to 50 percent of Personal <br /> Property Taxes generated from operation of the Business at the Site during the full calendar year <br /> immediately preceding the year in which the payment is made. <br /> Section 2.08. "Sales Tax Revenue" means the amount of sales and use tax revenues <br /> attributable to the Business collected by the Texas Comptroller of Public Accounts (or any <br /> similar successor tax collection entity of agency of the State) and that are paid to and actually <br /> received by the City. Said Sales Tax Revenue shall be collected under a State sales tax permit <br /> separate and distinct from Company's existing physical retail sales locations in Texas. <br /> Section 2.09. "Sales Tax Revenue Grant Payments" means the City's payments to <br /> Company, at the end of every Sales Tax Revenue Computation Quarter, during the Term, in an <br /> amount equal to 75 percent of Sales Tax Revenue generated from operation of the Business at <br /> the Site during the immediately preceding Sales Tax Revenue Computation Quarter. <br /> Section 2.10. "Sales Tax Revenue Computation Quarter" means each calendar quarter <br /> beginning on January 1, April 1, July 1, or October 1, as applicable, and ending on the <br /> succeeding March 31, June 30, September 30, or December 31, as applicable. The first Sales Tax <br /> Revenue Computation Quarter shall commence on July 1, 2017 and end September 30, 2017 and <br /> is referred to herein as "Computation Quarter 1," with each succeeding Computation Quarter <br /> within the Term of this agreement being consecutively numbered, concluding with Computation <br /> Quarter 120, provided the Term is extended per Section 4.03. <br /> Section 2.11. "Site" means the real property within the corporate limits of the City of <br /> San Marcos, Texas upon which the activities of the Company's interne retail sales operations <br /> center is located, the legal description of which is shown in Exhibit "A," attached hereto and <br /> 3 <br />