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Revitalization Commission Agenda and Packet 2013 07 08
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Revitalization Commission Agenda and Packet 2013 07 08
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RCPKT 2013 07 08
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4 <br /> <br /> <br />(iii) That if, in any year, no Property Tax TIF revenue is generated by <br />the Property and received by the LRC, no rebate payments under <br />this Rebate Agreement shall be due to the Developer for that year. <br /> <br />(iv) That if, in any year, the LRC receives no Property Tax TIF <br />revenues because there is for the Plan Area no increment value in <br />excess of the base value for the Plan Area, no rebate payments <br />under this Rebate Agreement shall be due to the Developer for that <br />year. <br /> <br />(v) That the LRC may prepay at any time without p enalty any amounts <br />payable under this Rebate Agreement, and may make payment <br />with any source of funds available to the LRC. <br /> <br />(vi) That the LRC may use for any lawful purpose amounts not required <br />for payments under this Rebate Agreement. <br /> <br /> c. The Parties shall each keep, or cause to be kept, proper and current <br />books and accounts in which complete and accurate entries shall be made for costs <br />associated with the Project and amounts paid out from the Special Fund. <br /> <br />3. Entire Agreement. This instrument shall constitute the entire agreement <br />between the LRC and Developer and supersedes any prior agreements between the <br />Parties and their agents or representatives, all of which are merged into and revoked by <br />this Rebate Agreement with respect to its subject matter. Contact information is as <br />follows: <br /> <br />If to Developer: <br />Tract One, LLC <br />Attn: Jim Loftus <br />2595 Canyon Blvd. Suite 200 <br />Boulder, CO 80302 <br />Phone: 303.938.1329 <br />jrl@loftusdevelopments.com <br /> <br />If to LRC: <br />Louisville Revitalization Commission <br />Attn: Economic Development <br />749 Main Street <br />Louisville, CO 80027 <br />303.335.4531 <br />aarond@louisvilleco.gov <br />
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