(A) Beginning on or before December 31 of the year which establishes "Base Year Value" for the agreement, and throughout the term of such agreement, the owner will submit a statement annually certifying, preferably on or before December 31 of each year, but no later than 60 days prior to the last date on which the Ellis County Appraisal District may remove property from the tax rolls for exemption purposes, the names and addresses of employees, number of jobs, dollar amount of payroll, type of equipment (if applicable) and the square footage of the qualified facilities subject to the abatement and all other information necessary to show compliance with the tax abatement agreement and the requirements of these guidelines. The city shall have the right if it deems necessary to examine the owner's appropriate records. The city may cancel or modify the agreement if the property owner fails to comply with the tax abatement agreement.
(B) The city shall have the right to conduct reviews, audits and inspections to evaluate the applicant's performance and compliance with the terms of the tax abatement agreement after the abatement is granted. The city shall also have the right to conduct reviews, audits and inspections during the application process to verify information in the application and to assess the project's feasibility and benefit. The applicant must agree to provide to the city requested information promptly and agree to give the city the right to inspect the applicant's operations at reasonable times.
(C) Violations of the terms of the tax abatement agreement by the tax abatement recipient may result in the full or partial loss of the abatement and give rise to a right of the city to recoup taxes abated, provide for a delinquency date and assess penalties and interest. City Council may cancel the entire agreement, or modify it if the owner fails to comply with the terms of the agreement.
(Ord. 641, passed 11-20-2006; Am. Ord. 715, passed 4-18-2011)