AG 1998 11 16 - Laserfiche WebLink

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complete by January 1, 2007. These time limits may be modified upon agreement of all parties; however, extensions are not guaranteed. Further, any qualifying expansion of the Facility or the Property after the election by BOC of the initial five-year Grant period shall (provided a Program is still in effect) be eligible for consideration as separate Grants under the Program, each for a separate five-year Grant period and each beginning with such fiscal year as BOC shall elect, b/~t no later than one fiscal year within twelve months of the completion of the added expansion as to be defined by BOC, by written notice to the County. Projects that may not separately qualify under the investment level criteria as established by the County if completed within the initial five year grant period may qualify for consideration within the remainder of the initial five year grant term upon a written request from BOC and consent of the County. Any agreement to add further investments made by BOC during the initial five year period for grant program consideration shall have no impact upon previous fiscal periods that the grant paymems may have been completed and shall apply only to the remaining time period available under the initial five year grant. This provision is intended to allow for consideration of investments that BOC might pursue which do not reach the base investment level for a separate grant consideration but are consistent with the investments in facility improvements for which the initial Industrial Development Incentive Grant applied. The amount of the investment "level" for the initial Grant under the Program shall be equivalent to the assessed value for ad valorem tax purposes of all real and personal property including all buildings, machinery, equipment and other personal property which is added or installed after January 1, 1999 to the Property as part of the Facility and which is not a part of the assessed value of the Property as