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No Meeting Packet, La Porte TIRZ, Development Agreement (HMH La Porte Land LLC)
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No Meeting Packet, La Porte TIRZ, Development Agreement (HMH La Porte Land LLC)
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5/24/2021 10:12:38 AM
Creation date
7/25/2025 11:56:21 AM
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La Porte TX
Document Type
Agenda PACKETS
Date
5/6/2021
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<br />EXHIBIT C <br /> <br />CERTIFICATE OF ADVANCE <br />This Certificate is issued under Development <br />AgreementAuthority <br />Reinvestment Zone Number One, City of La Porte, Texas, and HMH La Porte Land LLC (the <br />Developer____________, 2021. Capitalized terms used in this Certificate shall have <br />the meaning provided for in the Development Agreement. <br />This Certificate evidences a Developer Advance under the Development Agreement in <br />the amount of $____________ for the \[describe the project category and nature of work <br />completed\]. <br />Interest on the Developer Advance evidenced by this Certificate shall accrue at the rate <br />and for the period described in 6.1(B) of the Development Agreement and shall be payable in <br />accordance with the Development Agreement. <br />expenditures and completed the work described in this Certificate. Copies of the relevant <br />invoices and other appropriate documentation are attached to this Certificate. <br />the expenditures and work described in this Certificate and its approval of the matters set forth in <br />this Certificate and recognizes its obligation to repay such Developer Advance together with <br />interest pursuant to the Development Agreement. <br />C-1 <br />011782.0153271 EMF_US 84032577v3 <br /> <br />
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