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Authorizing the Acceptance of Certain Payments in Lieu of Taxes from the United States of America
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Authorizing the Acceptance of Certain Payments in Lieu of Taxes from the United States of America
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5/18/2015 3:57:18 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/8/1941
Ord-Res Number
3393-41
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- 5 - <br />use and benefit, and in which the Development is situated. <br />9. This Agreement shall continue in full force and effect with <br />respect to the Development so long as title thereto is held by the <br />Government and so long as the emergency declared by the President on <br />September 8, 1939, to exist, continues; provided, however, that so <br />long as title to the Development is held by the Government after <br />said emergency has terminated, this Agreement shall continue in full <br />force and effect until sixty days after either party has given to the <br />other written notice that the Agreement shall terminate at the end of <br />said sixty days. <br />10. Upon the sale by the Government of any part or parts of the <br />Development, the part or parts so sold shall, from the date of sale, <br />no longer be co:::sidered part of the Development. Upon the termination <br />of this Agreement as to the whole of the Development, the Government <br />will pay such portion of the annual payment called for by Paragraph 1 <br />hereof as the elapsed portion of Vlhe twelve -month period bears to twelve <br />months. <br />11. No Member of or Delegate to the Congress of the United States <br />of America shall participate in the fundsrmd.e available under this <br />Agreement. <br />IN Gs'ITNESS i'JHEREOF the City and the Government have respectively <br />caused this Agreement to be duly executed as of this <br />day of <br />(SELL) <br />Attest: <br />City Clerk Cr 1Gy/ <br />90omm OF 7K 1�� t <br />Attest: bd KAM <br />Wr <br />WROW <br />VWM 7 AA/ <br />1941. <br />CITY OF SOUTH =%TD <br />BY <br />Mayor <br />UNITED STATES OF AMERICA <br />Federal Works Administrator <br />
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