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SECTION 1: That the Mayor be and she is hereby authorized to enter into a CRA <br />Agreement, a copy of which is attached hereto and marked as Exhibit "A," with Star West Great <br />Northern Mall, LLC and to grant real estate tax abatement for a 10 -year exemption period, in the <br />amount of 40% of the tax on new construction of improvements as described by the Agreement. <br />Said Agreement shall be substantially in the form of the Agreement marked as Exhibit "A" with <br />only such changes therein as are not substantially adverse to the City and which are approved by <br />the Director of Law. <br />SECTION 2: That this Ordinance shall take effect and be in force from and after the <br />earliest date provided for by law. <br />r.wwvf.� <br />-�- <br />ATTEST <br />BEATRICE TAYLOR <br />Clerk of Council <br />APPROVED: <br />MAYOR NICOLE DAILEY JONES <br />First Reading: <br />Second Reading: a <br />Third Reading: <br />Committee: --)-r Xd p U <br />LOUIS) BROSSARD <br />President of Council <br />APPROVED AS TO LEGAL FORM <br />Is/Michael R. Gareau Jr <br />MICHAEL R. GAREAU, JR. <br />Director of Law <br />Yea. 3 <br />Nay: <br />Absent: <br />