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execution ot'an agreement wItn the owner an-kor lessee OT tile Authorized Facility Whi MSZ <br />include, but not be limited to the following terms: <br />a) The Base Year Value, <br />b) Percent of increased value to be abated each year; <br />c) The commencement date and the termination date of abatement; <br />d) Amount of investment and average number ofjobs involved duTing the term of the <br />a) The proposed use of the Authorized Facility, nature of construction, time schedulej <br />plat, property description. and improvement lis% as provided in ft application, <br />S) A staternent limiting the uses of the property consistent with the general purpose of <br />that property abatement <br />h) lbat access to the project is provided to allow for the inspeWon by City inspectors <br />and officials in order to ensure &at the improvements or repairs am made according to <br />the specifications andconditions1the agreement; <br />1� Mw property tax revenue lost as a result of the tax abaternent agreement w0l be <br />recapurred by the City if 1 owner a f;thePro" to mab the improvementsor <br />:,7afts as provided by the agreement; <br />1 f 1 1 1� • 1 • 1 <br />1 f " t t =+ ! <br />the owner is in compliance with cad applicable term Of the apternant; <br />Contractualobligations eY"' of dabult. vioManof 4.1 1 `. or conditions. <br />delinquent taxes, rwaptum administradoi and a.,Wgmnen% or other provisions that <br />may be .i! [ 1state law,or in thediscretion the City Council; <br />m) JUt the City may cancel or <br />modify !agreementProperty f Y <br />complythe agreement. <br />