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Res 2022-130R/approving a Chapter 380 Economic Development Incentive Agreement with Hill Country Group, LLC, providing incentives in the form of refunds of a percentage of real and personal property taxes over five years
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Res 2022-130R/approving a Chapter 380 Economic Development Incentive Agreement with Hill Country Group, LLC, providing incentives in the form of refunds of a percentage of real and personal property taxes over five years
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10/12/2022 1:52:38 PM
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Resolutions
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Approving
Number
2022-130R
Date
6/7/2022
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herein or therein, in the light of the circumstances in which they were made, from being <br /> misleading. <br /> ARTICLE VI <br /> PERSONAL LIABILITY OF PUBLIC OFFICIALS; <br /> LIMITATIONS ON CITY OBLIGATIONS <br /> Section 6.01. Personal Liability of Public Officials. No employee or elected official of <br /> the City shall be personally responsible for any liability arising under or growing out of this <br /> Agreement. <br /> Section 6.02. Limitations on City Obligations. The Grant Payments made and any other <br /> financial obligation of the City hereunder shall be paid solely from lawfully available funds that <br /> have been budgeted and appropriated each year during the Term by the City as provided in this <br /> Agreement. Under no circumstances shall the City's obligations hereunder be deemed to create <br /> any debt within the meaning of any constitutional or statutory provision. Consequently, <br /> notwithstanding any other provision of this Agreement, the City shall have no obligation or <br /> liability to pay any Grant Payments or other payments unless the City budgets and appropriates <br /> funds to make such payments during the City's fiscal year in which such Grant Payment(s)or other <br /> payments are payable under this Agreement. <br /> Section 6.03. No Recourse. Developer shall have no recourse against the City for failing <br /> to budget and appropriate funds during any fiscal year to meet the purposes and obligations under <br /> this Agreement. <br /> ARTICLE VII <br /> INFORMATION <br /> Section 7.01 . Information. The Developer shall, at such tunes and in such form as City <br /> may reasonably request from the Developer, provide information concerning the performance of <br /> the Developer's obligations under this Agreement. <br /> 9 <br />
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