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CITY OF PLANO COUNCIL AGENDA ITEM CITY SECRETARY USE ONLY Consent Regular Statutory Council Meeting Date: 09/23/13 Department: Economic Development Department Head Sally Bane Agenda Coordinator (include

How to fill out development incentive agreement by

How to fill out development incentive agreement by:

1. Begin by carefully reading through the entire agreement to understand its terms and conditions.
2. Fill in the relevant details such as the names and addresses of the parties involved, including the developer and the incentivizing entity.
3. Specify the nature of the development project that will be undertaken, including its location and scope.
4. Clearly outline the incentives or benefits that will be provided to the developer, such as tax breaks, grants, or subsidies.
5. Include any specific requirements or conditions that the developer must meet in order to qualify for the incentives, such as completing the project within a certain timeframe or creating a minimum number of jobs.
6. Clearly state the duration of the agreement, including the start and end dates.
7. Ensure that both parties sign and date the agreement, indicating their acceptance and commitment to fulfill their respective obligations.

Who needs development incentive agreement by:

1. Developers who are looking to undertake a specific development project and are seeking incentives or benefits from the incentivizing entity. This could include real estate developers, technology companies, or manufacturing firms, among others.
2. Incentivizing entities, such as government agencies or economic development organizations, who want to attract specific types of development projects to their region and are willing to offer incentives to encourage their implementation.
3. Investors or financial institutions who may require a development incentive agreement as part of their due diligence process before providing funding for a project. The agreement helps establish the terms and conditions under which the project will be carried out and how the incentives will be utilized.

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What is development incentive agreement by?

A development incentive agreement is a legally binding contract between a government entity and a private developer that outlines the terms and conditions of a development project, including any incentives or benefits offered to the developer.

Who is required to file development incentive agreement by?

The private developer or entity entering into the agreement with the government entity is required to file the development incentive agreement.

How to fill out development incentive agreement by?

The development incentive agreement should be filled out with all relevant project details, including the scope of the project, the incentives being offered, and any other terms and conditions agreed upon by both parties.

What is the purpose of development incentive agreement by?

The purpose of a development incentive agreement is to encourage private developers to invest in development projects by offering them incentives or benefits, such as tax breaks, subsidies, or infrastructure improvements.

What information must be reported on development incentive agreement by?

The development incentive agreement must include details about the project, the parties involved, the incentives being offered, and any other terms or conditions agreed upon.