Developer’s Agreement for Bowen Yard West incentives

Tax Increment Financing rebates of not to exceed 50% of the Project’s actual tax increment for ten (10) years; reimbursement not to exceed $151,200 or $8,894.12 per space for seventeen (17) public parking spaces

FINANCIAL_SERVICES

Ten (10) years of annual TIF rebates starting with the tax year when the project generates tax increment; one-time parking reimbursement upon City acceptance of conveyance and completed parking construction

2036-12-31

Tax Increment Financing rebates under the Commercial Redevelopment incentive run for a fixed ten-year period from the first year of tax increment; no automatic renewal beyond ten years and subject to CRA existence and annual appropriation.

Agreement