If the qualifying business becomes in default, then the qualifying business shall refund to the city an amount equal to the total economic development incentives rebated or paid, and the city shall have no further obligation to provide any economic development incentives. The city may use any efforts to collect such sums owed, and the qualifying business agrees to pay any and all interest and expenses, including attorney’s fees and costs incurred by the city.
(Ord. 220.29, passed 3-11-2021)