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CITY OF PLANO COUNCIL AGENDA ITEM CITY SECRETARY USE ONLY Consent Regular Statutory Council Meeting Date: Department: Finance Department Head 4/25/11 Denise Take Agenda Coordinator (include phone
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How to fill out a development incentive agreement by:

01
Start by carefully reading the agreement: Take the time to thoroughly understand the terms, conditions, and obligations outlined in the development incentive agreement. Pay attention to any deadlines or specific requirements mentioned.
02
Gather all necessary information: Collect all the relevant information that will be required to complete the agreement. This may include details about the development project, such as its purpose, scope, timeline, and projected outcomes. Additionally, ensure you have all the necessary legal and financial documentation that may be requested.
03
Fill out the agreement accurately: Use clear and concise language to accurately fill out all sections and fields of the development incentive agreement. Make sure that all the information provided is correct and up-to-date. If any sections are not applicable, make sure to indicate this appropriately.
04
Seek legal advice if needed: If you are uncertain about any aspect of the development incentive agreement or have concerns about the terms, it is advisable to consult with a competent attorney who specializes in this area. They can provide guidance and help ensure that the agreement protects your interests.

Who needs a development incentive agreement by:

01
Developers: Any individuals, businesses, or organizations involved in a development project may need a development incentive agreement. This agreement outlines the terms and conditions for receiving incentives, such as tax breaks, grants, or other financial assistance, from government entities or other parties involved in promoting economic or community development.
02
Government entities: Governments, at various levels, may require developers to enter into a development incentive agreement to establish the terms under which they can access incentives. These agreements help govern the process of providing financial or other support to incentivize development that aligns with specific objectives, such as job creation or urban revitalization.
03
Parties providing incentives: Organizations or entities offering incentives, such as grants, tax incentives, or subsidies, for development projects may require the developers to enter into a development incentive agreement. This agreement sets out the conditions under which the incentives will be provided and ensures that the expectations and obligations of both parties are clearly defined.
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Development incentive agreement is a contract between a developer and a government entity that provides incentives or benefits to encourage the development of a particular project or area.
Developers or landowners who wish to take advantage of the incentives outlined in the agreement are required to file.
The agreement must be filled out with detailed information about the project, the incentives being offered, and any requirements or conditions that must be met.
The purpose of the agreement is to promote economic development, create jobs, and revitalize communities by offering incentives to encourage development.
The agreement must include details about the project, the parties involved, the incentives being offered, and any requirements or conditions that must be met.
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