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1999-024-TURNER INTERNATIONAL PIPING SYSTEMS, TAX ABATEMENT AGREEMENT
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1999-024-TURNER INTERNATIONAL PIPING SYSTEMS, TAX ABATEMENT AGREEMENT
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8/18/2006 4:30:30 PM
Creation date
1/25/2001 5:03:30 PM
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CITY CLERK
Doc Name
1999
Doc Type
Resolution
CITY CLERK - Date
2/18/1999
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<br />responsibility or liability in connection therewith to third parties and the CITY agrees to indemnify <br />and hold harmless the OWNER therefrom. <br /> <br />X. <br />Compliance Provisions <br /> <br />10.1. The OWNER further agrees that the CITY, its agents and employees, shall have <br />reasonable right of access to the property to inspect the IMPROVEMENTS in order to insure that <br />the construction of the IMPROVEMENTS are in accordance with this AGREEMENT and all <br />applicable state and local laws and regulations or valid waiver thereof, After completion of the <br />IMPROVEMENTS, the CITY shall have the continuing right to inspect the PROPERTY to insure <br />that it is thereafter maintained and operated in accordance with this agreement during the term of <br />the AGREEMENT, and OWNER shall provide evidence as to the creation of the two hundred <br />ninety-two (292) new, permanent jobs described in this Agreement. Representative of the CITY <br />inspecting the property and improvements shall sign an agreement promising to maintain the <br />confidentiality of any information they obtain in connection therewith except for the purposes of <br />assessing and collecting ad valorem taxes. Said representative shall also be required to observe <br />any facility rule and regulation applicable to the property, <br /> <br />XI. <br />Initial and Annual Reporting <br /> <br />11.1 The OWNER further agrees that it will, immediately upon completion of the <br />IMPROVEMENTS, provide CITY with a sworn report which contains the following information: <br /> <br />(a) Copy of the appraisal showing the market value without the IMPROVEMENTS as <br />required in paragraph 7,1; <br /> <br />(b) Detailed description of IMPROVEMENTS; <br /> <br />(c) Description of any miscellaneous items of office and plant equipment; <br /> <br />(d) Identification of plans and specifications of constructed improvements and the <br />location of the same for inspection by CITY's certification team; <br /> <br />(e) Actual cost of added machinery and equipment; <br /> <br />(f) Actual cost of capital IMPROVEMENTS; and, <br /> <br />(g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph <br />3.1 hereof. <br /> <br />TAX ABATEMENT AGREEMENT - Page S <br />
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