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by the project, less County collection fees, for a period not to exceed five full years of <br /> operation. <br /> <br />· Level II grants are equivalent to a maximum of 90% of the revenues received from the local <br /> option 1 cent and three local option ¥2 cent sales taxes generated by the project, less State <br /> collection fees, plus up to 90% of the revenues from the 6% local occupancy tax generated <br /> by the project, less County collection fees, for a period not to exceed five full years of <br /> operation. <br /> <br />· Under no circumstances will the incentive grant payments be tied to the local property taxes <br /> to be generated by the project and all property taxes to be paid by the new or expanding <br /> hotel/conference center development must be paid in full and kept current during the period <br /> that the I-I/CCDI incentive grant remains in effect <br /> <br />· The developer (grant recipient) shall provide the County and the Tourism Authority <br /> complete and accurate room occupancy tax, retail sales tax and local option sales tax <br /> payment information, as well as monthly average daily rate and monthly average occupancy <br /> percentage. The County and Tourism Authority shall secure the confidentiality of that <br /> information in recognition of the proprietary nature of the data within the parameters <br /> authorized under state law. <br /> <br />· Hotel/conference center development incentive grant benefits may not be transferred or <br /> otherwise conveyed to another party without the specific consent of the Board of <br /> Commissioners and other contracting agencies. <br /> <br />· All hotel/conference center development incentive grant benefits are designed to be linked <br /> directly to local room tax and local option sales tax revenues received by the County <br /> attributable directly to the development of a specific project. Failure of the project to <br /> <br /> <br />