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Res 2018-184/approving a Chapter 380 Economic Development Incentive Agreement with Katerra, Inc. to locate an Automated Building Component Manufacturing and Distribution Facility along State Highway 80 East of State Highway 21, which agreement provides i
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Res 2018-184/approving a Chapter 380 Economic Development Incentive Agreement with Katerra, Inc. to locate an Automated Building Component Manufacturing and Distribution Facility along State Highway 80 East of State Highway 21, which agreement provides i
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2/28/2019 8:00:34 AM
Creation date
10/23/2018 3:20:14 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2018-184
Date
10/16/2018
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*r opinion of the Texas Attorney General to release information in response to a specific request <br />ARTICLE IX <br />WEFAULT, TERMINATION AND REMEDIJ <br />time during the Term of this Agreement that Company is not in material compliance with its <br />such notice or, if non-compliance is not reasonably susceptible to cure within thirty (30) days and <br />a cure is not begun within such 30 -day period and thereafter continuously and diligently pursued <br />to completion on a schedule approved by the City (in either event, a "Cure"), then the City may, <br />at its sole discretion, terminate this Agreement or withhold Grant Payments otherwise due for the <br />calendar year or years in which the non-compliance occurs. If the City elects to withhold Grant <br />Payments under this Section rather than to terminate the Agreement, then, upon a Cure by <br /># <br />otherwise in compliance and subject to other limitations of this Agreement) for the remainder of <br />the Term. However, the Grant Payment withheld by the City for any year during which Company <br />= 4 <br />111167MM111111111 11=4=416 I . <br />goal <br />City under this Section. <br />Section 9.02. Termination for Misrepresentation. Notwithstanding any provision for <br />notice of default and any opportunity to cure under Section 8.01, the City may terminate the <br />
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