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C. Reduced Fees for Water and Sewer Tap Labor <br />4.6 In further consideration for Owner's construction and completion of the above - <br />labor fees by fifty <br />requiredpercent (50%) where i . <br />considerationD. Local Purchasing <br />4.7 As further ., where possible, <br />Owner <br />shall purchase building ls and fixtures from vendors located within <br />4.8 It shall be an act of default of the Economic Development Agreement should <br />Owner fail to construct and compete all of the Improvements specified herein within the five (5) <br />year period set is (by.February 25, 2029). <br />V. <br />Terms Speciffic to the Residential TaxAbatement Agreement as to the Newly Acquired <br />Properties—Texas Tax Code Chapter 312 <br />B. Abatement <br />M <br />