Amherst (MA) General Bylaws § 3.54

Citation: Amherst (MA) General Bylaws § 3.54
Jurisdiction: Amherst (municipal)
Source verification: official_capture_completeness_unverified
Original Source: https://www.amherstma.gov/DocumentCenter/View/87221/General-Bylaws-of-the-Tow... ↗

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(1) If any person or entity subject to the foregoing qualifications and conditions fails to
comply with any of the foregoing qualifications and conditions with respect to work
on the property, the parties agree that such an event materially frustrates the public
purpose for which this Agreement and any certification by the state was intended to
advance. In such an event, the Tax Relief granted by this Agreement shall be
terminated upon written notice by the Town to the Sponsor, and the Sponsor shall pay
to the Town an amount equal to the value of the tax relief already received under this
Agreement. Where required, the Town shall petition the appropriate state agency or
body for revocation of the certification or approval of the grant of Tax Relief and,
upon notice of revocation, the tax relief provided by this Agreement shall be
terminated, and, to the extent consistent with law, the Sponsor shall pay to the Town
an amount equal to the value of the tax relief already received under this Agreement.