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11B - ORD MAINPLACE SHOPPING TOWN
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06/18/2019
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11B - ORD MAINPLACE SHOPPING TOWN
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6/13/2019 4:42:30 PM
Creation date
6/13/2019 4:41:23 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
11B
Date
6/18/2019
Destruction Year
2024
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(c) Progress relative to economic projections of. <br />(i) Increases in property tax, <br />(ii) Property Tax In -Lieu of VLF received by the City, <br />(iii) Sales tax received from the Project, <br />(iv) Business tax received from the Project, <br />(v) Hotel Visitors Tax (HVT) <br />(vi) Utility User Tax received from the Project, <br />(d) Reporting for items listed in subsection 5.1.2(c) shall be include a table, <br />orcoared by the Owner with City's cooperation, substantially similar to the following: <br />Reporting Period: 2022 — 211d Report <br />Year 3 of 10 of Agreement <br />Revenue <br />Total for Period <br />Cumulative to <br />Percentage <br />Status & Look Ahead <br />date <br />increase over <br />2018 Base <br />Year <br />Property Tax <br />Property <br />Tax In - <br />Lieu of <br />VLF <br />Sales Tax <br />I <br />TOT (HVT) <br />Business <br />Tax <br />Franchise <br />Tax <br />UUT <br />5.2. Special Revicw. The City Council may order a special review of compliance with this <br />Agreement at any time, but not more than once during any 12 month period. The City Manager, <br />or his or her designee, shall conduct such special reviews. <br />5.3. Review Procedure. <br />-18- <br />11 B-31 <br />
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