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Payments. Upon application by the Owner, the City shall make such Grant <br />Payments to the Owner, in accordance with the following schedule: <br />Additional Additional <br />Property Sales <br />Year Taxes % Taxes % <br />4-2022 100 90 <br />-22023 100 90 <br />-32024 80 80 <br />4 2025 80 80 <br />-52026 60 60 <br />62027 60 60 <br />-72028 40 40 <br />92029 40 40 <br />.92030 20 20 <br />4-02031 20 20 <br />As an example, if Year 1 is 201 -9 -1 -the Owner eould apply applies for and a <br />Grant Payment in 2022, such Grant Payment would be in an amount equal to 100 <br />percent of the Additional Property Taxes and 90 percent of the Additional Sales <br />Taxes generated on the Site in 2414 2021, with subsequent Grant pPayments <br />similarly being made according to the percentages above. With each application for <br />a Grant Payment, the Owner shall provide to the City a compliance certificate, as <br />described in the 380 Agreement. <br />[SIGNATURES ON NEXT PAGE] <br />