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~~L~1G <br />b. If Louisville zones t <br />generating uses, then Louisville <br />{50) percent of the amount of rep <br />application of a 2.7 percent sale <br />businesses located within the Nor <br />paid to Superior quarterly pursue <br />by the Louisville City Administra <br />To the extent allowed by Color <br />right to inspect the applicable r <br />amount of any payment made or <br />shall cooperate and take such act <br />such inspection. <br />c. Upon annexation of the <br />have jurisdiction over the Nort2 <br />continue to apply to the Nort <br />Louisville. To the extent this A <br />Louisville ordinance, resoluti <br />Agreement shall control. <br />5. hanger ,j.n Sa1_es Ta <br />Louisville or Superior sales <br />payments to be made pursuant to <br />and Obligations; those payments <br />sales tax rates described in p~ <br />reduces (by means other than ple <br />generally applicable 2.7 percent <br />(by means other than pledging or <br />applicable 2.7 percent sales taa <br />the other party pursuant to pars <br />be calculated based upon revenu <br />the reduced rate. <br />6. Q,ther Oblicl.3t_j.ons of <br />that certain obligations of <br />Agreement may affect the future <br />Superior. However, Superior w~ <br />obligations (whether related to <br />1, 2, or 3, or the Superior Urb~ <br />entity or person) , nbr any fut~ <br />enter into, will reduce or affe <br />Louisville pursuant to parag~ <br />Obligations. <br />7. Other__ObliQations of Lc <br />that certain bond obligations of <br />Agreement may affect the future <br />Louisville. This Agreement is <br />purposes of these pre-existi <br />However, Louisville warrants that <br /> <br />ze North Property for sales tax <br />shall share with Superior, fifty <br />enues received by Louisville from <br />> tax rate to retail sales made by <br />:h Property. Such amount shall be <br />nt to a process to be agreed upon <br />:or and the Superior Town Manager. <br />do law, Superior shall have the <br />'cords of Louisville to verify the <br />'.ue; and Superior and Louisville <br />ions as may be necessary to allow <br />North Property, Louisville will <br />. Property. This Agreement shall <br />h Property after annexation by <br />~reement conflicts with any future <br />~n, motion, or contract, this <br />Rates. An increase in the <br />~ax rates shall not affect the <br />paragraph 3 or 4 in these Rights <br />Nill continue to be based upon the <br />:agraphs 3 and 4. If Louisville <br />aging or earmarking revenues) its <br />sales tax rate or Superior reduces <br />earmarking revenues) its generally <br />rate, the payments to be made to <br />raph 3 or 4, as applicable, shall <br />s received from fifty percent of <br />~~erior. Superior acknowledges <br />sperior existing prior to this <br />ales tax revenue to be retained by <br />wants that no such pre-existing <br />sperior Metropolitan Districts No. <br />n Renewal Authority, or any other <br />re obligations that Superior may <br />'t in any manner the payments due <br />aph 3.c. of these Rights and <br />' v' Louisville acknowledges <br />Louisville existing prior to this <br />ales tax revenue to be retained by <br />a subordinate obligation for the <br />g bond obligation ordinances. <br />no such pre-existing obligations, <br />4 <br />7 <br />