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5071-24 Confirming Resolution: Mixed Use Development Real Property Tax Abatement Petition for the Momentum Development Group, LLC
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5071-24 Confirming Resolution: Mixed Use Development Real Property Tax Abatement Petition for the Momentum Development Group, LLC
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4/19/2024 3:07:01 PM
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4/15/2024 1:17:23 PM
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8. Repayment. In the event the City requires repayment of the tax abatement savings as provided <br /> hereunder, it shall provide Applicant with a written statement calculating the amount due (the <br /> "Statement"), and Applicant shall make such repayment to the City within one hundred twenty(120) <br /> days of the date of the Statement. If the Applicant does not make timely repayment, the City shall be <br /> entitled to all reasonable costs and attorneys' fees incurred in the enforcement of this Agreement and <br /> the collection of the tax abatement savings required to be repaid hereunder. <br /> 9. Modification/Entire Agreement. This Agreement and the schedules attached hereto as Exhibit <br /> A contain the entire understanding between the City and the Applicant with respect to the subject <br /> matter hereof, and supersede all prior and contemporaneous agreements and understandings, <br /> inducements, and conditions, expressed or implied, oral, or written, except as herein contained. This <br /> Agreement may not be modified or amended other than by an agreement in writing signed by the City <br /> and the Applicant. The Applicant understands that any and all filings required to be made or actions <br /> required to be taken to initiate or maintain the abatement are solely the responsibility of the Applicant. <br /> 10. Waivers. Neither the failure nor any delay on the part of the City to exercise any right,remedy, <br /> power, or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or <br /> partial exercise of any right,remedy,power, or privilege preclude any other or further exercise of the <br /> same or of any other right,remedy,power, or privilege with respect to any occurrence or be construed <br /> as a waiver of such right,remedy,power,or privilege with respect to any other occurrence. No waiver <br /> shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. <br /> 11. Governing Laws of Indiana. This Agreement and all questions relating to its validity, <br /> interpretation,performance,and enforcement shall be governed by the laws and decisions of the courts <br /> of the State of Indiana. <br /> 12. Applicant's Consent to Jurisdiction. The Applicant hereby irrevocably consents to the <br /> jurisdiction of the Courts of the State of Indiana and of the St.Joseph County Circuit or Superior Court <br /> in connection with any action or proceeding arising out of or relating to this Agreement or any <br /> documents or instrument delivered with respect to any of the obligations hereunder, and any action <br /> related to this Agreement shall be brought in such County and in such Court. <br /> 12. Notices. All notices, requests, demands, and other communications required or permitted <br /> under this Agreement shall be in writing and shall be deemed to have been received when delivered by <br /> hand or by facsimile (with confirmation by registered or certified mail) or on the third business day <br /> following the mailing,by registered or certified mail,postage prepaid,return receipt requested,thereof, <br /> addressed as set forth below: <br /> If to Applicant: Momentum Development Group, LLC <br /> P.O. Box 815 <br /> South Bend, Indiana 46624 <br /> Attn: Kristopher Priemer, President <br /> 3 <br />
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