Res 1999-073 - Laserfiche WebLink

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Page 5 incentives and benefits to HEB: 1. The City agrees to waive all fees (the "Fee Waiver") associated with zoning, the subdivision process, utility connections, and building permits and inspections associated with the construction ofthe New Improvements. The Fee Waiver does not extend to water and wastewater impact fees charged by the City. 2. The City agrees to expedite the process for all hearings, reviews, inspections and contacts with City staff in order to ensure the timely completion of the construction process. 3. The City agrees to consider any other reasonable requests made by HEB in order to assist it in constructing the New Improvements. PART 7. EFFECT OF SALE, ASSIGNMENT OR LEASE OF PROPERTY Section 7.01. The Tax Abatement will be assignable to each new owner of the Property for the balance of the term of this Agreement. Transfers which result in a continuation of the business in the same general manner as operated under HEB are consented to and do not require further City Council approval; in this case, HEB or its successor will give written notice to the City within 10 days after the transaction, and HEB will be released of any further duties or obligations under this Agreement. Section 7.02. For transfers which will not result in a continuation of business as described above, this Agreement may be assigned to a new owner of the Property with the written consent of the City Council, which will not be unreasonably withheld, and HEB will be released of any fmther duties or obligations under this Agreement. Section 7.03. The new owner will assume all the duties and obligations ofHEB upon the same terms and conditions as set out in this Agreement. Any assignment of this Agreement will be to an entity that contemplates the same New Improvements to the Property, except to the extent the New Improvements have been completed. No assignment will be approved if the assignor or the assignee is indebted to the City for ad valorem taxes or other obligations.