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(a) The Abatement shall be for up to ten (10) years and shall apply to the <br />taxes payable in the years 2006 through 2015, inclusive. <br /> <br /> (b) The City will abate 100% of the City's share of property tax amount which <br />the City receives from the Property, not to exceed $72,778. <br /> <br /> (c) The Abatement shall be subject to all the terms and limitations of the <br />Abatement Law. <br /> <br />(d) The Abatement may not be modified or changed during its term. <br /> <br /> The motion for the adoption of the foregoing resolution was made by Councilmember <br />Motin and duly seconded by Councilmember Kuester and, upon a vote being taken thereon after <br />full discussion thereof, the following voted in favor thereof: <br /> <br />Mayor Klinzing, Councilmembers Motin, Kuester, Tveite, and Dietz <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />Whereupon said resolution was declared duly passed and adopted on June 21, 2004. <br /> <br />linzing, ~ <br /> <br />2 04-53 <br /> <br /> <br />