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<br /> -3- <br /> 826 Q I~? <br /> U"X ?,' <br /> II. <br /> PROPERTY IMPROVEMENTS AND JOB CREATION <br />A. Rohr agrees to construct facilities valued at approximately <br /> eight million dollars ($8,000,000) and containing one <br /> hundred forty-five thousand (145,000) square feet on a <br /> portion of the Property. The improvements will include a <br /> manufacturing facility, an office facility with lunchroom <br /> and a chemical storage building. <br />B. Rohr agrees to create and to have on the payroll 468 <br /> year-round, full-time jobs not later than December 31, 1994 at <br /> the facilities to be constructed on the Property. <br /> III. <br /> TERM, ABATEMENT PERIOD AND RATE OF ABATEMENT <br />A. All existing and any real estate property taxes (sometimes <br /> also called herein ad valorem taxes) hereafter created, <br /> however measured, valued or imposed (the "Abated Taxes") on <br /> ( i) the increase in value of the real estate described in <br /> Exhibit A above the value in the tax year in which this <br /> Agreement is signed and upon (i i) the improvements described <br /> in Part II shall be abated (the "Tax Abatement") for five <br /> calendar years, provided that Rohr satisfies all of its <br /> obligations (subject to the force majeure provisions at Part <br /> V.A and the proration provisions at Part V.D) under this <br /> Agreement. <br />