The following shall constitute events of default, which may be declared by the city:
(A) Failure of an approved company to report or to pay employee withholdings as required by this subchapter, whether from new jobs or existing jobs;
(B) Failure of an approved company to satisfy the projected schedule of employee withholdings submitted with its incentive program application or as set forth in the agreement;
(C) Failure of an approved company to pay any tax, license fee, penalty or other charge or obligation to the city pursuant to the code of ordinances;
(D) Failure of an approved company to comply with any term, condition or obligation imposed by this subchapter;
(E) Failure of an approved company to comply with any term, condition or obligation of the agreement;
(F) The making of any material misrepresentation of any statement or fact on an approved company’s application or supporting documents, whether or not relied upon by the city.
(Ord. 2013-03-01, passed 3-13-13)