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<br />Section 3.9 Duration of Abatement Program. The Tax Abatement Program shall exist <br />for a period of up to \[10\] years beginning with real estate taxes payable in 2019 through \[2028.\] <br />On or before February 1 and August 1 of each year commencing August 1, 2019 until the earlier <br />of the date that the Developer shall have received the Reimbursement Amount or February 1, <br />\[2029\] the City shall pay the Developer the amount of the Tax Abatements received by the City <br />in the 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 />8 <br />487587v2 JSB EL185-45 <br />