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AMENDMENT No. 3 TO ECONOMIC DEVELOPMENT AGREEMENT TOWN OF AWARDING PARKS AND RECREATION IMPROVEMENTS This Amendment No. 3 (Amendment No. 3) is effective as of June 4, 2019 (the Amendment Effective
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Who needs economic development agreement?

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Government agencies looking to attract businesses to a particular area.
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Developers or investors seeking support for real estate development projects.
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An economic development agreement is a contract between a government entity and a business that outlines the terms and conditions for incentivizing economic development in a certain area.
Both the government entity and the business involved in the agreement are required to file the economic development agreement.
To fill out an economic development agreement, both parties should provide detailed information about the project, expected outcomes, incentives, and compliance measures.
The purpose of an economic development agreement is to encourage economic growth, job creation, and investment in a specific area.
Information such as project details, expected outcomes, financial incentives, compliance measures, and reporting requirements must be reported on an economic development agreement.
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