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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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10/13/2021 11:39:23 AM
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9/1/2021 8:19:51 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2021-157
Date
8/17/2021
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<br />may at its option terminate this Agreement effective upon written notice to the City, subject <br />to any unpaid Grant Payment properly due to Company for which a lawful appropriation <br />of funds has occurred. <br />Section 6.03. No Recourse. Company shall have no recourse against the City for <br />purposes and satisfy its obligations under this Agreement. <br />ARTICLE VII <br />INFORMATION <br /> <br />Section 7.01. Information. Company shall, at such times and in such form as the <br />City may reasonably request from Company, provide information concerning the <br />performance of Companyor conditions under Article 3 <br />operation of the Business. <br />Section 7.02. Annual Certification Related to Compliance With Agreement. <br />Beginning in calendar year 2022 and continuing each calendar year thereafter during the <br />Term, Company shall, no later than January 30, submit to the City a certified Compliance <br />Certificate relating to <br />of the Business during the previous calendar year, signed by an authorized officer or <br />employee of Company. Where an obligation or condition is not applicable in the year for <br />which a certificate is submitted, such information is not required to be supplied (e.g., after <br />2026, the Compliance Certificate shall only certify compliance with Section 3.05). After <br />receiving a timely submitted Compliance Certificate, the City shall have thirty (30) days <br />to notify Company in writing of any questions that the City may have concerning any of <br />the information provided by Company in its Compliance Certificate, and Company shall <br /> <br /> <br />
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