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<br /> (p3Þ <br /> 1012- 721 <br /> 5 <br />terminate this Agreement; provided, however, that in the case of a <br />default, other than the creation of jobs, for causes beyond the <br />Owners' reasonable control which the Owners cannot with due <br />diligence cure within the 60 day period, the Cure Period shall be <br />extended if the Owners within five days of receipt of such notice, <br />advise the City of their intention to institute all steps necessary <br />to cure such default and institute and. thereafter prosecute to <br />completion with reasonable dispatch all steps necessary to cure the <br />default. <br /> B. In the event that the Owners allows their ad valorem <br />taxes to the city which may be owed on the Property or the <br />Improvements to become delinquent and fail to timely and properly <br /> ¿ <br />follow the legal procedures for their protest or contest, or if the <br />Owners violate any of the terms and conditions of this Agreement <br />and fail to cure them during the Cure Period, the city may <br />terminate this Agreement and all Abated Taxes previously abated by <br />virtue of this Agreement will be recaptured, the Tax Abatement will <br />be rescinded and such previously Ab~ted Taxes will be paid by the <br />Owners to the city prior to the delinquency date for such year; <br />provided, however, that in .no event shall be required to pay such <br />taxes within less than sixty (60) days of the termination. <br /> D. If the city Council determines that the Owners have failed <br />to create the jobs specified in section 2 to be created by February <br />1, 1994, then this Agreement shall terminate and the Tax Abatement <br />will be rescinded and the full amount of ad valorem taxes normally <br />assessed upon the Property shall be paid by the Owners by the <br />