Res 2016-112/Project Texas 380 - Laserfiche WebLink

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include rebates associated with Personal Property Taxes attributable to the previous tax years. No rebates associated with Personal Property Taxes shall be included in any Grant Payments made in 2027 through the end of the Term. Section 4.05. Time for Requesting and Making Personal Property Tax Grant Payment. Beginning in 2017, and once each calendar year thereafter, within 45 days of the end of the calendar year, Company may request in writing to the City Manager, initiation of Personal Property Tax Grant Payments, as provided in this Article. The City shall not be required to make a Personal Property Tax Grant Payment during any applicable calendar year unless and until: a. Company has submitted a compliance certificate, in the form attached hereto as Exhibit `B", together with all information the City may request to verify Company's compliance with the terms of this Agreement; b. Personal Property Taxes for the prior calendar year are received by the City from the Hays County Tax Assessor-Collector; and c. Funds are appropriated by the San Marcos City Council for the specific purpose of making a Grant Payment under this Agreement as part of the City's ordinary budget and appropriations approval process. Provided the foregoing conditions have been satisfied and Company is, otherwise, in compliance with this Agreement, the City shall pay to Company any Grant Payments due within 30 days after the last to occur of the events in subsections (a), (b) and (c) of this Section. Section 4.06. Time for Requesting and Making Sales Tax Revenue Grant Payment. Within forty-five (45) days following the end of each Computation Quarter, Company may request in writing to the City Manager, initiation of Grant Payments, as provided in this Article. The City shall not be required to make a Grant Payment during any applicable Computation 7