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AG 1998 11 16
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AG 1998 11 16
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Last modified
3/25/2002 6:09:44 PM
Creation date
11/27/2017 11:52:51 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/16/1998
Board
Board of Commissioners
Meeting Type
Regular
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complete by January 1, 2007. These time limits may be modified upon agreement of all parties; however, <br />extensions are not guaranteed. <br /> <br /> Further, any qualifying expansion of the Facility or the Property after the election by BOC of the <br />initial five-year Grant period shall (provided a Program is still in effect) be eligible for consideration as <br />separate Grants under the Program, each for a separate five-year Grant period and each beginning with <br />such fiscal year as BOC shall elect, b/~t no later than one fiscal year within twelve months of the <br />completion of the added expansion as to be defined by BOC, by written notice to the County. <br /> <br /> Projects that may not separately qualify under the investment level criteria as established by the <br />County if completed within the initial five year grant period may qualify for consideration within the <br />remainder of the initial five year grant term upon a written request from BOC and consent of the County. <br />Any agreement to add further investments made by BOC during the initial five year period for grant <br />program consideration shall have no impact upon previous fiscal periods that the grant paymems may <br />have been completed and shall apply only to the remaining time period available under the initial five <br />year grant. This provision is intended to allow for consideration of investments that BOC might pursue <br />which do not reach the base investment level for a separate grant consideration but are consistent with <br />the investments in facility improvements for which the initial Industrial Development Incentive Grant <br />applied. <br /> <br /> The amount of the investment "level" for the initial Grant under the Program shall be equivalent <br />to the assessed value for ad valorem tax purposes of all real and personal property including all <br />buildings, machinery, equipment and other personal property which is added or installed after January 1, <br />1999 to the Property as part of the Facility and which is not a part of the assessed value of the Property as <br /> <br /> <br />
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