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14 - Huhtamaki Tax Abatement Agreement
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14 - Huhtamaki Tax Abatement Agreement
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AGENDA
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accumulated depreciation amount. At the City’s request, the Owner will provide actual <br />invoices to support the amounts shown on the Asset Report. To the extent allowed by the <br />Texas Public Information Act, the City shall maintain all Owner records and details as <br />confidential. <br /> <br />9.2 #¨³¸Ȍ² 2¨¦§³² ®¥ !¢¢¤²² ³® 0±®¯¤±³¸Ȁ The Owner further agrees that the City, <br />its agents and employees, shall have reasonable right of access to the Property to inspect the <br />Improvements in order to ensure that the construction of the same and installation of the <br />equipment is in accordance with this Agreement and all applicable state and local laws and <br />regulations or valid waiver thereof, provided that City, its agents and employees follow all <br />applicable safety rules and regulations. After completion of the Improvements, the City shall <br />have the continuing right to inspect the Property during the term of the Agreement for the <br />purpose of ascertaining that the Improvements have remained on the property and that the <br />Facility is in operation. All inspections will be made only after giving the Owner written <br />notice at least seventy-two (72) hours in advance, and such inspections shall be conducted <br />in such a manner so as not to interfere with the operation of the facility. Representatives of <br />the City inspecting the Property and Improvements shall be accompanied and by one (1) or <br />more representatives of the Owner and shall sign an Agreement promising to maintain the <br />confidentiality of any information they obtain in connection therewith except for the <br />purposes of assessing and collecting ad valorem taxes and verifying or enforcing compliance <br />with this Agreement, or as otherwise required by law. Said representative shall also be <br />required to observe any facility rule and regulation applicable to the Property. Nothing <br />herein shall be construed as limiting the City’s ability to perform inspections or to enter the <br />Property the subject of this Agreement. <br />X. <br />2¤¯®±³¨¦ 2¤°´¨±¤¬¤³² <br />th <br />10.1 Initial Report: The Owner further agrees that it will, by !¯±¨« ΐΔ ®¥ ³§¤ <br />¸¤ ± ¥®««®¶¨¦ ³§¤ #¨³¸Ȍ² ¨²²´ ¢¤ ®¥ ³§¤ #¤±³¨¥¨¢ ³¤ ®¥ #®¬¯«¤³¨® Ȩ9¤ ± ΐ ®¥ ³§¤ <br />!¡ ³¤¬¤³ 0¤±¨®£ȩ, provide the City with a sworn report, written on Owner’s letterhead <br />and signed by a designated representative of Owner, which contains the following <br />information relating to the Improvements completed since the effective date of the <br />Agreement: <br />(a) A copy of the printout from the Lamar County Appraisal District showing the <br />market value of the Property as of January 1, 2024, prior to the addition of <br />the Improvements; <br />(b) Detailed description of the Improvements and the year in which same were <br />completed; <br />(c) A detailed description of any miscellaneous items of capitalized office <br />equipment and the actual cost of such added office equipment; <br />(d) A detailed list of and the actual cost of Improvements; <br />6 <br /> <br />
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