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August 11, 2003 <br /> <br />DRAFT <br /> <br />Page <br /> <br />2. "&.except the hotel~ constructed on real property owned by <br /> the City of Concord adjoining the rca! prc~Trty un ~:kick tka <br /> <br />3. The annual payment for FY 2003-2004 shall be Two-Hundred <br /> Thousand Dollars ($200,000) and shall he paid thirty (2~! fays <br /> <br /> Csn-zcnt!:n Csntcr b_~ June 30, 2004. The annual payment for FY <br /> 2004-2005 shall be TWo-Hundred Thousand Dollars ($200,000) and <br /> shall be paid to the CIT~ b:fcra Jul}' I, 2C$1 by June 30, <br /> <br />4. (h) Make -the following changes: <br /> ":lincty ~='-'cn One-hundred per cent (~10__0%) of the entire amount <br /> of all room Occupancy tax collected from the hotelJ~ constructed <br /> on City-owned real property adjoining the ---1 -ru-crt" <br /> ~e convention center i-- tc hc ~nst----'ctL-~, less the County' s <br /> statutory collection fee of five (5) per cent, shall be remitted <br /> to the CITY m=ntk!y semi-annually to coincide with pa~ents to <br /> service the debt of the convention center. "~ .... cr ---~ i~ cf <br /> <br /> ............... t..c rTsm occupancy. <br /> <br />10__c- Change this section as follows: <br /> '~uration. AS to paragraphs 2,4,5,6 and 7, ~4%e th__e te~ of this <br /> Agreement shall be ~ the same pcricd cf timz az thc ccT~ina2 <br /> .............. ~ ~ ~-- financln~ ~f as the term of the <br /> financing inst~ment used to fund const~ction of the convention <br /> center contemplated in paragraph 2 (b) herein. The te~ of the <br /> A~reement for the remaining paragraphs shall be 40 years. <br /> <br /> ..................... c ..... said <br /> <br />Change this section as follows: <br />Cancellation. In the event a convention center within the <br /> <br />219 <br /> <br /> <br />