Res 2006-182 - Laserfiche WebLink

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PART 6. ECONOMIC INCENTIVES PROVIDED BY THE CITY Section 6.01. As partial consideration for the construction of the Facility and the creation of the jobs by Thompson described in Part 2 above, the City agrees to provide the following incentives and benefits to Thompson: 1. The City agrees to waive all City fees (the "Fee Waiver") associated with zoning, the subdivision process, and building permits and inspections associated with the construction of the Facility and installation of any equipment at the Facility, up to a maximum dollar amount of $ 15,575.00. 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 Thompson in order to assist it in the installation of the Equipment and the capital investments in the Facility. 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, or to financing entities in the event third party financing is sought, 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 Thompson are consented to and do not require further City Council approval; in this case, Thompson or its successor will give written notice to the City within 10 days after the transaction, and Thompson 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 Thompson will be released of any further duties or obligations under this Agreement. Section 7.03. The new owner will assume all the duties and obligations of Thompson upon the same terms and conditions as set out in this Agreement. Any assignment of this Agreement will 4 I I I