Res 2005-187 - Laserfiche WebLink

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I I I Inventory on the tax roll m the year m whIch thIS Agreement IS executed. PART 4 RECORDS AND AUDITS Section 4.01. On or before February 1st of each year of the Abatement Penod, CF AN wIll furmsh records to the CIty supportmg CF AN's tax abatement for the current tax year These records wIll pertam to CF AN's complIance WIth thIS Agreement for the preVIOUS calendar year The CIty Will evaluate the mformatIOn furnIshed, and wIll have the nght to request and receIve from CF AN addItIOnal mformatIOn needed to help the CIty determme CF AN's comphance WIth thIS Agreement. Upon the CIty'S venficatlon of comphance WIth thIS Agreement by CF AN for the prevIOUS calendar year, the CIty wIll Issue a tax abatement certIficate to CF AN vahdatIng the Tax Abatement for the current tax year Section 4.02. At all tImes untll the CIty'S nghts to declare default agamst CF AN have expued, the CIty WIll have access to the Property and the Facihty upon reasonable pnor notIce for the purpose of mspectIng them to ensure that the FaCIlIty IS reconstructed, renovated and remodeled, and mamtamed and used m accordance WIth the terms of thIS Agreement. PARTS. DEFAULT Section 5.01 The CIty Manager may declare a default under thIS Agreement If CF AN 1 falls to complete the constructIOn ofthe Improvements and the mstallatIOn ofthe EqUIpment m the FaCIlIty m accordance WIth the schedule described In the "Investment" column In the table attached to thIS Agreement as ExhibIt B, 2 refuses, falls or neglects to comply WIth any of the terms of thIS Agreement, mcludmg the proVISIOn for the creatIOn and mamtenance of Jobs In Sectlon 2.03 above; 3 made any representatIOn m thIS Agreement or m the applIcatIOn to the CIty for tax abatement that IS false or mIsleadmg many matenal respect; or 4 allows ad valorem taxes owed to the CIty on the Property, the FacIhty or the EqUIpment to become dehnquent, unless CF AN tlmely and properly protests or contests the taxes. Section 5.02 Ifthe CIty Manager determmes that CF AN IS m default OfthIS Agreement on a baSIS other than the failure to pay ad valorem taxes on the Property or the FacIhty, the CIty Manager wIll notlfy CF AN m wntmg, and If the default IS not cured wIthm 60 days from the date of the notlce, then the CIty Manager may termInate thIS Agreement. No cure IS allowed for defaults Involvmg the failure to pay ad valorem taxes on the Property or the FacIhty If the CIty CouncIl 3