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NS-2967
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Last modified
8/11/2020 12:21:17 PM
Creation date
6/21/2019 4:43:37 PM
Metadata
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Template:
City Clerk
Doc Type
Ordinance
Doc #
NS-2967
Date
6/18/2019
Destruction Year
P
Document Relationships
2019-040 - Mainplace Mall Transformation
(Amends)
Path:
\Resolutions\CITY COUNCIL\2011 -\2019
NS-2966
(Amends)
Path:
\Ordinances\2011 - 2020 (NS-2813 - NS-3000)\2019 (NS-2963 - NS-2978
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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 /> <br />
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