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05.01 - Req for Tax Abatement-Oppidan, Public Hearing
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10-06-2009 Council Meeting
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05.01 - Req for Tax Abatement-Oppidan, Public Hearing
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`.... <br />4. Approval of Tax Abatement Agreement. <br />(a) The City Council hereby approves a Tax Abatement Agreement with the <br />Developer providing for payment of the Abatement and the City's assistance for the <br />Project in substantially the form submitted, and the Mayor and Clerk- Treasurer are <br />hereby authorized and directed to execute the Tax Abatement Agreement on behalf of the <br />City. <br />(b) The approval hereby given to the Tax Abatement Agreement includes <br />approval of such additional details therein as may be necessary and appropriate and such <br />modifications thereof, deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by the City officials authorized by this resolution to execute the <br />Tax Abatement Agreement. The execution of the Tax Abatement Agreement by the <br />appropriate officer or officers of the City shall be conclusive evidence of the approval of <br />the Tax Abatement Agreement in accordance with the terms hereof. <br />2410619v2 <br />
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