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AG 2012 06 18
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AG 2012 06 18
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Last modified
6/20/2012 4:49:08 PM
Creation date
11/27/2017 11:09:23 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/18/2012
Board
Board of Commissioners
Meeting Type
Regular
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the Grant period. In the event the building is not leased within three years of its <br />completion date so long as it is maintained for lease, the speculative building may still <br />qualify as a Program asset. Only one Grant may be awarded and the owner and lessee <br />must agree in writing as to which will be eligible to receive the Grant. <br />Section 4. PROGRAM RULES <br />1. Although a Grant may be awarded by the BOC to an applicant, the Grant is not required <br />to be paid until the applicant has fully complied with this Program and has executed a <br />written agreement ( "Agreement ") in a form satisfactory to County that sets forth the <br />specific provisions relating to the Grant. <br />2. The BOC reserves the right to waive one or more provisions of this Program, but any <br />waiver must be approved by the BOC. <br />3. The Agreement shall include with reasonable specificity a project site plan, description <br />of the project, any phasing, projected new employment with job descriptions, <br />description of the structures to be built, description of the personal property assets to <br />be installed and any other data that would be relevant to comprehension of the scope <br />and value of the project such that other assets, installed outside of those Grant eligible, <br />are not commingled within the contemplated Grant. <br />4. The applicant must furnish proof satisfactory to the Tax Assessor or County Attorney of <br />ownership of any of the assets subject to the Program. <br />5. Rolling stock, inclusive of automobiles, trucks, tractors, trailers or other licensed vehicles <br />and airplanes shall not qualify as Program assets eligible for a Grant. <br />6. County contributions to the project's infrastructure costs shall be deducted from the <br />calculated Grant award for that project. <br />7. The beginning date of the Grant period shall be flexible in order to accommodate <br />construction and production start -up time, but shall commence with a tax year that <br />begins no later than three years after the date the BOC votes to approve the Grant. The <br />taxpayer must inform the Tax Assessor in writing which tax year begins the Grant <br />Program. An extension may be granted by the BOC based upon specific project related <br />issues. <br />8. The annual Grant award due to the recipient will be paid each year during the Grant <br />period within a thirty day period of submission of all data requested by the Tax Assessor <br />necessary to determine appropriate assessments on the Grant assets and the delivery of <br />the Tax assessor's Statement. Should the assessments yield a grant in excess of that <br />budgeted for the Grant assets, another thirty day period may be necessary for <br />remittance in order to accommodate budget revisions. The initial Grant date is subject <br />Attachment number 1 <br />G -2 Page 233 <br />
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