Laserfiche WebLink
<br />~ <br /> <br /> <br />mt provides terms and conditions f()/' the Pl'Qject <br /> <br />Whereas, the Development Corporation has agreed to provide cert.iill funding to the City tor <br />the Project; and <br /> <br />Whereas, Harris County has agree.d to provide certain funding for the Project; now, <br />therefore, <br /> <br />AGREEMENT <br /> <br />For and in consideration of the mutual promises, covenants, obligations, and benefits of this <br />Agreement, the Zone, the Authority, -aml-the City, the Development Corporation and the COUllty <br />contract and agree as follows: <br /> <br />ARTICLE 1 <br />GENERAL TERMS <br /> <br />to.. '" ~ <br />0..\ \( ~b.d'ez..4- <br />~L\. ~ <br />~'^^~. <br />t? <br />. <br /> <br /> <br />1.1 Definitions.. The terms "Agreement," "Authority," "City," "Development <br />Corporation", "County", HCooperatioll Agreement", "GLO", "City Council", "State" "Zone," <br />"Zone Board," and "Tri-Party Agreement" have the meanings set forth in the preamble hereof, <br />and the following capitalized terms shall have the meanings provided below, unless otherwise <br />defined or the context clearly requires otherwise, For purposes of this Agreement the words <br />"shall" and "will" are mandatory, and the word "may" is permissive. <br /> <br />Act shall mean the Tax Increment Financing Act, Chapter 311. Texas Tax Code, as a~ended. <br /> <br />Authority Bonds shall mean any bond, note or other obligation issued or incurred in one or more <br />series pursuant to Article V. secured b ent or funds deposited in the Revenue Fund, <br />including refunding bonds. C ci;) . . <br /> <br />{;#y-Advances shall mean an nds ad e Development Corporation or the County to <br />City pursuant to Section 5. . and shall include any interest payable thereon. <br /> <br /> <br />City !l9qm~'''e1'Iie1't19 shalt mean the im.provements Project clefleribed. in Artiele 3 hereof and the <br />definition of P:'(~;eel.. <br /> <br />Cswnty stiall meaD Harris Comity, Te~~~. <br /> <br />Interlocal Agreement shall mean an agt'eemellt between theity and the County regarding the <br />County's participation in funding the Projec . . approved by City ordinance 2008- <br />3070 dated March 24, 2008, and approved by County April 8, 2008. <br /> <br />Page 2 of 15 <br />