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14-H Sesaco Assn Sesame Sol
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14-H Sesaco Assn Sesame Sol
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Last modified
9/11/2012 3:52:35 PM
Creation date
2/4/2004 2:10:42 PM
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Template:
AGENDA
Item Number
14-H
AGENDA - Type
RESOLUTION
Description
Assignment of Tax Abatement Agreement from Sesaco to Sesame Solutions
AGENDA - Date
2/9/2004
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of this AGREEMENT. <br />XI. <br />Initial and Annual Reporting <br />11.1 The OWNER further agrees that it will, within thirty (30) days of completion of the <br />IMPROVEMENTS, provide CITY with a sworn report, written on company letterhead and signed <br />by a designated representative of OWNER, which contains the following information: <br />(a) Copy of the printout from the Lamar County Appraisal District showing the market <br />value of the Property prior to the construction of the IMPROVEMENTS; <br />(b) Detailed description of IMPROVEMENTS; <br />(c) Detailed description of any miscellaneous items of office equipment and the actual <br />cost of such added office equipment; <br />(d) Copy of or identification of plans and specifications of constructed improvements <br />and the location of the same for inspection by CITY's certification team; <br />(e) Detailed list of and actual cost of added machinery and equipment; <br />(fl Actual cost of capital IMPROVEMENTS; and, <br />(g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 <br />hereof. <br />11.2 The OWNER further agrees that it will provide CITY with an annual, sworn report <br />which contains the following information: (a) the name of original hiree in the retained job, date of <br />hire, and place of residence of the hiree, and (b) statement as to whether or not the sixteen (16) <br />retained jobs are still in existence and filled, and (c) the name of the current employee in the retained <br />job, date of hire, and place of residence of the hiree. Additionally, OWNER shall certify, in writing, <br />that it is in compliance with each applicable term of this AGREEMENT. Such annual report shall <br />be furnished on the forms provided by the City and attached hereto as Exhibit E. <br />11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER <br />further agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's <br />Quarterly Report within thirty (30) days of its filina of the same with the Texas Workforce <br />Commission. <br />TAX ABATEhIENT AGREF.DIENT • Pagc 6 <br />
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