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<br />encouraging development or redevelopment of the zone during the period that <br />property tax exemptions are in effect; <br /> <br />h) that access to the project be provided to allow for the inspection by City inspectors <br />and officials in order to ensure that the improvemenll> or repairs are made <br />according to the specifications and conditions of the agreement; <br /> <br />i) a limit to the uses of the property consistent with the general purpose of <br />encouraging development or redevelopment of the zone during the period that <br />property tax exemptions are in effect; <br /> <br />j) that property tax revenue lost as a result of the tax abatement agreement will be <br />recaptured by the City if the owner of the property fails to make the improvements <br />or repairs as provided by the agreement; <br /> <br />k) each term agreed to by the owner of the property; <br /> <br />I) a requirement that the owner of the property shall certify annually to the City <br />Council that the owner is in compliance with each applicable term of the <br />agreement; <br /> <br />m) contractual obligations in the event of default, violation of terms or conditions, <br />delinquent taxes, recapture, administration and assignment, or other provisions that <br />may be required by state law, or in the discretion of the City Council; and <br /> <br />n) that the City Council may cancel or modify the agreement if the property owner <br />fails to comply with the agreement. <br /> <br />VI. DEFAULT. If the City determines that the person or entity receiving an Abatement is in <br />default according to the terms and conditions of its Agreement, the City shall notify the <br />company or individual in writing at the address stated in the Agreement, and if such default <br />is not cured within a reasonable period of time specified in such notice ("Cure Period"), <br />then the Agreement may be modified or terminated without further notice. <br /> <br />In the event that the company or individual (i) allows its ad valorem taxes owed the City <br />to become delinquent and fails to timely and properly follow the legal procedures for their <br />protest and/or contest, or (ii) violates any of the terms and conditions of the Agreement <br />and fails to cure during the Cure Period, the Agreement then may be modified or <br />terminated without further notice, and the Agreement may provide a formula for recapture <br />of all or part of the taxes abated. <br /> <br />VII. CONFIDENTIALITY OF PROPRIETARY INFORMATION. Information that is <br />provided to a taxing unit in connection with an application or request for tax Abatement <br /> <br />-7- <br />