Section 3

Citation: Section 3 (1)
Parent Document: Amherst General Bylaws (rental-housing provisions: Art. 3.50 Residential Rental, 3.26 Nuisance House, 3.48 Stretch Energy, 3.3 Human Rights)
Jurisdiction: Amherst (municipal)
Original Source: https://amherstma.gov/DocumentCenter/View/83790/General-Bylaws-of-the-Town-of... ↗

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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.

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