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<br /> 8 4:£) 7~Q <br /> -7- ~;¡~.j <br /> the Cure Period, this Agreement may then be terminated <br /> and all Abated Taxes previously abated by virtue of <br /> this Agreement will be recaptured, the Tax Abatement will <br /> be rescinded and such previously Abated Taxes will be <br /> paid by Parkview to the City within sixty (60) days of the <br /> termination. <br /> C. In the event the improvements are completed and Parkview <br /> begins production but subsequently ceases production for any <br /> reason except fire, explosion or other casualty, <br /> accident or natural disaster, for a period of one (1) <br /> year during the abatement period, then this Agreement shall <br /> terminate. In the event of termination pursuant to the <br /> provisions of this paragraph, the Tax Abatement for the <br /> calendar year during which the facility no longer produces <br /> shall terminate but there shall be no recapture of prior <br /> years' Abated Taxes abated by virtue of this Agreement. <br /> The Abated Taxes otherwise abated for the calendar year <br /> during which the facility no longer produces shall be paid by <br /> Parkview to the City prior to the delinquency date for such <br /> year; provided, however, that in no event shall Parkview be <br /> required to pay such taxes within less than sixty (60) days <br /> of the termination. <br /> D. 1. If the City Council determines that Parkview has <br /> failed to create the jobs specified in Part II, to be <br /> created by December 31, 1991, then this agreement <br /> shall terminate and all Abated Taxes previously abated by <br />