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Res 2022-200R/approving a Chapter 380 Economic Development Incentive Agreement with Majestic Realty Co. providing incentives in the form of refunds of 50 percent of additional real property taxes for up to three years
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Res 2022-200R/approving a Chapter 380 Economic Development Incentive Agreement with Majestic Realty Co. providing incentives in the form of refunds of 50 percent of additional real property taxes for up to three years
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10/26/2022 10:53:10 AM
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10/25/2022 3:57:36 PM
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Resolutions
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Approving
Number
2022-200R
Date
9/6/2022
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contrary is hereby expressly disavowed. It is understood and agreed that this Agreement does not <br /> create a joint enterprise, nor does it appoint either party as an agent of the other for any purpose <br /> whatsoever. Except as otherwise specifically provided herein, neither party shall in any way <br /> assume any of the liability of the other for acts of the other or obligations of the other. <br /> Section 9.11. Prohibition on Contracts with Companies Boycotting Israel. Pursuant to <br /> Chapters 2270 and 808 of the Texas Government Code,Developer certifies that is not ineligible to <br /> receive the award of or payments under the Agreement and acknowledges that this Agreement <br /> may be terminated and payment may be withheld if this certification is inaccurate. Failure to meet <br /> or maintain the requirements under this provision will be considered a material breach. <br /> Section 9.12. Section 2252 Compliance. Section 2252 of the Texas Government Code <br /> restricts the City from contracting with companies that do business with Iran, Sudan, or a foreign <br /> terrorist organization. Developer hereby certifies that is not ineligible to receive the award of or <br /> payments under this Agreement.Failure to meet or maintain the requirements under this provision <br /> will be considered a material breach. <br /> Section 9.13. Counterparts. This Agreement may be executed in multiple counterparts, <br /> each of which shall be considered an original, but all of which constitute one instrument. PDF <br /> signed copies and digitally signed copies of this Agreement shall also be deemed to be originals <br /> for all purposes. <br /> [SIGNATURE PAGE FOLLOWS] <br /> 18 <br />
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