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Retailer; S`�uare Footage <br />Space A <br />9213.00 <br />Space B <br />2,800.00 <br />Space C <br />2,540.00 <br />Space D <br />1,152.00 <br />Space E <br />720.00 <br />Space F <br />5,775.00 <br />Space G <br />5,250.00 <br />Space H <br />1,750.00 <br />"M & O" taxes shall mean the maintenance and operations ad valorem taxes, <br />exclusive of debt service taxes, assessed and owing to the City by the Company on the <br />Property, including the Leased Premises. <br />"Payment Request" as it relates to an Annual Sales Tax Grant shall mean a written <br />request from Company to the City for payment of the applicable Annual Sales Tax Grant <br />for the applicable Grant Period. "Payment Request" as it relates to an Annual Property <br />Tax Grant shall mean a written request from the Company for the City to remit the Annual <br />Property Tax Grant for the applicable Grant Period. The Payment Requests for the Annual <br />Grants may be made concurrently and in the same document. <br />"Property" shall mean the entire parcel on which the Williamsburg Shopping Center <br />is located, comprising 80,666 square feet and described as City of Paris Block 102-A, Lot <br />Pt. 3, LCAD Parcel ID #15595, including vertical improvements, paved parking area, and <br />any unimproved land. A map of the Property with the Leased Premises indicated thereon <br />is attached hereto and incorporated herein by reference as Exhibit A. <br />"Required Use" shall mean the Future Retailers' continuous lease and occupancy <br />of the Leased Premises, and their continuous operation of businesses engaged in retail <br />sales to the public. <br />"Retailers" shall include both Future Retailers and retailers leasing space in the <br />Shopping Center as of the Effective Date. <br />"Sales and Use Tax" shall mean the one and one quarter percent (1.25%) sales <br />and use tax imposed by the City pursuant to Chapter 321, Texas Tax Code, on the sale <br />of Taxable Items by the Retailers Consummated in the City at the Leased Premises. Sales <br />and Use Tax shall not include the quarter percent (.25%) economic development sales <br />tax collected by City pursuant to Chapter 504 of the Texas Local Government Code. <br />