AG 1999 12 20 - Laserfiche WebLink

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State standards and procedures, and shall take into account Developer's representations as to the scope, quality and value of the project. SECTION 4: Future Expansion. Any expansion of the Project after the commencement of the five-year Grant period shall (provided the Programs are still in effect, respectively) be eligible for consideration for Grants under each of the Programs for a separate five-year Grant period beginning for such tax year as the Developer shall elect by written notice to the City and County. Notwithstanding anything to the contrary contained in this Section, if the Developer commences construction of a "Phase II" expansion of the Project of at least 250,000 square feet of GFA and such construction commences prior to expiration of the initial 5-year Grant period for the Project then, in that event, the parties agree that such Phase II shall be eligible for a Level I Grant (25% level) for a separate five-year Grant period beginning on a substantially equivalent "commencement date" as that described herein for the Project. SECTION 5: State Incentives. The City, the County, and the Tourism Authority agree to assist the Deyeloper in obtaining any incentives, grants and programs that may be or become available from the State of North Carolina and shall "pass through" to the benefit of the Developer any incentives, grants and programs that the State of North Carolina provides to cities and counties for economic development purposes. SECTION 6: Validity of Incentives. As stated in each of the Programs, no change in the Programs after the date hereof shall apply to the provisions of this Agreement or to the Project (as it may be further expanded). In the event one (1) or more lawsuits or other proceedings are brought Filename- S~lanningXlnceative Grant Agreement.doc - I0 - Revised 12/18/98