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IY <br />After WMMVW, the City shall formally pm an order or ftsolution and authorize the <br />},. <br />f an agmment with theowner andlor lessee1(the AuthorizedFacility which <br />include, but not be limited to the following tems: <br />a) Th@BwYeNrValue. <br />b) permt of increased value to be abated each year; <br />commencement dale andthe terngustiondate of f1 d i <br />of investment AnumberR i/ R!1, 1 <br />f the <br />1Amount <br />a.... n <br />1 popfsFA k 1 1 fl rl R } iiNb{ t !MI 1 Mt +1 '. <br />plat property description, I improvement:: provided in application; <br />listing <br />of the kind, number. location, <br />'M: 1 1 f 1 ll proposedimprovementsi. <br />fthe <br />f a <br />S) A statement IiMWAA the uses Of ftPrOPOrtyconssmatwith the general PuUmeof <br />'.e 1..development <br />R ♦ll or TWevelopmentof1he ReinvestmentZonedMnjj the1 M 1 A. <br />that property tax abatement is in efibet. <br />h) Thm W,,ms to ihe project is provided to allow for the inspection by City inspectors <br />and OjEtials in order to ensure that the imprOvOMWU Or rePaits ate mb& aM*T&g to <br />the specifications and conditions ofthe agreement; <br />.I paperty tarevenuelost as a resultofthe taxabatement <.1 l l`. <br />t will be <br />recaptured <br />41.1 r l' by the City ifthc owner / L - property fails 1 make the improvementsor <br />.p1 as provided / 11 r <br />j) EaGb tam agreed A by owner 1 f 1 f e <br />/ M that the owner f the Property shall M' .1 ll 3 1 to <br />1' that <br />Ik RWW is I t R• i A Ve eack applicable ✓ 1 Of <br />•.l 11 <br />Contractualobligations inthe event of deftviolation • 1:. I! 1 , Is. <br />1 11 1 .IA :, A: <br />. A I 1 1 .I 11 : andassignmerg, or other ! A o1 1:I'. <br />may be required by state law, or in the disaction of te City Council,- and <br />M) That the City may cancel or modify 115agreement <br />Property <br />1 1} owner fails 7 <br />