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CITY OF PLANO COUNCIL AGENDA ITEM CITY SECRETARY USE ONLY Consent Regular Statutory Council Meeting Date: 11/10/14 Department: Economic Development Sally Bane Department Head Agenda Coordinator (include
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How to fill out a development incentive agreement:

01
Start by reading through the agreement carefully to understand its terms and requirements.
02
Provide your name or the name of your organization as the party entering into the agreement.
03
Include the date on which the agreement is being executed.
04
Identify the specific development project or initiative that the agreement pertains to.
05
Specify the duration of the agreement, including any start and end dates.
06
Clearly outline the incentives or benefits being provided by the entity offering the agreement. These may include tax breaks, grants, subsidies, or other financial or non-financial benefits.
07
Describe the conditions or requirements that must be met in order to receive the incentives. This could include job creation targets, environmental sustainability goals, or any other stipulations relevant to the agreement.
08
Provide a detailed budget or financial plan for the development project, including sources of funding and anticipated costs.
09
Include any reporting or monitoring requirements, such as regular progress reports, to ensure compliance with the agreement's terms.
10
Sign and date the agreement, indicating your acceptance of its terms and conditions.

Who needs a development incentive agreement:

01
Developers or organizations undertaking a specific development project.
02
Local or regional governments or economic development agencies offering incentives to promote growth and development.
03
Any party involved in a development project that wishes to benefit from financial or non-financial incentives provided by the offering entity.
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A development incentive agreement is a contract between a government entity and a private developer that outlines the terms and conditions for providing incentives or benefits in exchange for the developer's commitment to a specific development project.
Developers or private entities who have entered into a development incentive agreement with a government entity are required to file the agreement.
The development incentive agreement should be filled out according to the terms and conditions outlined in the agreement, including information about the project, the incentives being provided, and the responsibilities of each party.
The purpose of a development incentive agreement is to encourage and facilitate development projects that benefit the community by providing incentives to developers.
The development incentive agreement should include details about the project, the incentives being provided, the timeline for completion, and the responsibilities of each party.
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