Laserfiche WebLink
"Escrow Agreement" shall mean that certain Escrow Agreement, dated as of February <br />28, 2014, governing the disbursement of amounts deposited with the Title Company by the <br />Owner, attached hereto as Ems. <br />"Escrow Deposit" shall mean an amount equal to $222,067.32, being the amount <br />deposited with the Title Company by the Owner pursuant to the Escrow AgreementIggimy- <br />"Existing Agreement" shall mean the Development Agreement, dated as of February _, <br />2014, among the City, the Zone, the Authority and the Developer, attached hereto as Exhibit A. <br />"Land" shall mean the approximately three acres of real property contributed by the <br />Owner for detention purposes, more particularly described in Exhibit C-1 and Exhibit C-2 <br />"Owner" shall mean Senior Associates, Inc., a Texas corporation. <br />"Owner Portion" shall mean an amount equal to the sum of the Escrow Deposit and the <br />Value of the Land. <br />-"Owner Tract" shall mean. to ZgtbgLli <br />t the approximately 4-1-.7jU acres of real property- <br />"" he -,A zt:li! as S.E41,11--ate al"'I"Riss � 11=1! Z"Mi; 1 11 1 C;11:1 :::1 ffie�paftieWa* described in Ex-hihil <br />. . I I — LMLRMWM-d���� <br />"Parties" or "Party" shall mean the City, the Zone, the Authority and the Owner, the <br />parties to this Agreement. <br />"Project Plan" shall mean the Project Plan and Reinvestment Zone Financing Plan of the <br />Zone, as amended from time to time. <br />Mdqmd�p fl-mganj jLAU L'Immae® the l�aracl described <br />EA <br />-Xhihit- <br />"State" shall mean the State of Texas. <br />"Tax Increment" shall have the meaning given such term in the Tri-Party Agreement. <br />"Tax Increment Revenue Fund" shall mean the special fund established by the Authority <br />and funded with payments made by the City and any other participating Taxing Units, pursuant <br />to the Tri-Party Agreement. <br />"Taxing Unit" shall mean individually and collectively, the City and any other taxing <br />units participating in the Zone. <br />"TIRZ Act" shall mean Chapter 311, Texas Tax Code, as amended from, time to time. <br />3 <br />HOU: 94-54-V64-. JLU�JA <br />