The following shall constitute events of default, which may be declared by the city:
(A) Failure of an approved company/business 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/business 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/business to pay any tax, license fee, penalty, or other charge or obligation to the city pursuant to this code;
(D) Failure of an approved company/business to comply with any term, condition, or obligation imposed by this subchapter;
(E) Failure of an approved company/business to comply with any term, condition, or obligation of the agreement; or
(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. 10-17-1, passed 10-9-17)