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Section 3.9 Duration of Abatement Program. The Tax Abatement Program shall exist <br /> for a period of up to 15 years beginning with real estate taxes payable in 2017 through 2031. On <br /> or before February 1 and August 1 of each year commencing August 1, 2017 until the earlier of <br /> the date that the Developer shall have received the Reimbursement Amount or February 1, 2032 <br /> the City shall pay the Developer the amount of the Tax Abatements received by the City in the <br /> previous six month period. The City may terminate the Tax Abatement Program and this <br /> Agreement at an earlier date if an Event of Default occurs and the City rescinds or cancels this <br /> Agreement. <br /> 4613440 JSB EL185-32 <br />