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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 Department Head Sally Bane Agenda Coordinator (include

How to fill out development incentive agreement by

How to fill out a development incentive agreement:

1. Determine eligibility: Research the requirements and criteria for qualifying for a development incentive agreement. This may include factors such as location, type of development, and economic impact.
2. Gather necessary documents: Collect all the required documents to complete the agreement. This may include financial statements, business plans, project details, and any other relevant information.
3. Review the agreement: Carefully read through the development incentive agreement to understand its terms and conditions. Pay close attention to any financial incentives, compliance obligations, and reporting requirements.
4. Fill in the necessary information: Complete the agreement by filling in all the required information accurately. This may include the developer's name, contact details, project details, and any other pertinent information.
5. Provide supporting documentation: Attach any supporting documents that are required to support the information provided in the agreement. This may include feasibility studies, permits, licenses, or any other relevant paperwork.
6. Seek legal advice if needed: If you are unsure about any aspect of the development incentive agreement, consider consulting with a legal professional or an expert in economic development. They can provide guidance and ensure that your interests are protected.

Who needs a development incentive agreement:

1. Developers: Developers who are planning a new project or expansion that qualifies for economic development incentives may need a development incentive agreement. This agreement helps outline the terms, conditions, and incentives provided by the government or other entities.
2. Government entities: Various government entities, such as local and state governments, may require development incentive agreements to ensure proper oversight and compliance with their economic development programs. These agreements help facilitate the development and growth of businesses in their jurisdictions.
3. Economic development organizations: Economic development organizations that administer incentive programs or work in partnership with government entities may require development incentive agreements to formalize their commitments and responsibilities. These agreements help ensure transparency, accountability, and adherence to program guidelines.

In conclusion, filling out a development incentive agreement involves understanding the eligibility requirements, gathering necessary documents, reviewing the agreement, providing accurate information, attaching supporting documentation, and seeking legal advice if needed. Both developers and government entities involved in economic development may require this agreement to establish the terms, conditions, and incentives for a project.

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What is development incentive agreement by?

The development incentive agreement is a contract entered into by a developer and a government entity that outlines the incentives provided for a development project.

Who is required to file development incentive agreement by?

The developer is required to file the development incentive agreement.

How to fill out development incentive agreement by?

The development incentive agreement must be filled out with details of the development project, incentives provided, terms and conditions, and signatures of both parties.

What is the purpose of development incentive agreement by?

The purpose of the development incentive agreement is to formalize the incentives offered by the government to encourage development projects.

What information must be reported on development incentive agreement by?

The development incentive agreement must include details of the development project, incentives provided, terms and conditions, and signatures of both parties.

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