Every qualifying business shall certify in writing one year after its project is completed and annually each year thereafter during the term of its written economic development incentive agreement with the city that the obligations set forth in its written economic development incentive agreement with the city have been and continue to be satisfied. Failure to provide this written certification by that date is an event of default and invokes the city’s right to a full refund, including damages, attorney’s fees, and collection costs.
(Ord. 220.29, passed 3-11-2021)