Missouri Development Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9250
• Format: Word; Rich Text

Description

Development Agreement between First Institutional Marketing, Inc. and Ichargeit.Com, Inc. regarding marketing of certain insurance, annuity and related products dated April 7, 1999. 7 pages. Missouri Development Agreement is a legal contract between a property developer and a local government entity in Missouri, outlining the terms and conditions for a specific development project. This agreement serves as a tool to promote economic growth, job creation, and infrastructure development within the state. The Missouri Development Agreement typically includes multiple components aimed at facilitating and incentivizing the development process. These may encompass financial assistance, tax incentives, land grants, and regulatory flexibility. The primary objective is to encourage private investment in certain areas or industries that can spur economic activity and bring positive change to the region. In Missouri, there are several types of development agreements that cater to different needs and circumstances. Some commonly encountered types include: 1. Tax Increment Financing (TIF) Agreements: TIF agreements are designed to fund public infrastructure improvements within a designated development area. Under this agreement, a portion of future property tax revenue generated by the development is redirected to finance infrastructure projects, such as roads, utilities, or parking facilities. 2. Chapter 100 Agreements: Chapter 100 agreements facilitate the issuance of industrial development revenue bonds by local authorities. These tax-exempt bonds allow businesses to finance major capital projects, such as constructing or expanding manufacturing facilities, at a lower interest rate than conventional financing. 3. Community Improvement District (CID) Agreements: Community Improvement District agreements establish special districts within a municipality or county. The district imposes an additional sales tax or property tax on the district's businesses or residents. The generated revenue is then dedicated to various improvements within the district, such as security, marketing, landscaping, or other enhancements. 4. Enhanced Enterprise Zone (EEA) Agreements: EEA agreements aim to stimulate economic development in economically distressed areas by providing state tax credits and other incentives to qualified businesses that create new jobs or make significant investments in those areas. 5. Public-Private Partnership (P3) Agreements: Public-Private Partnership agreements involve collaboration between governmental entities and private companies to jointly develop, finance, and operate projects. These agreements often span across various sectors, including transportation, real estate development, infrastructure, and more. These are just a few examples of the diverse range of Missouri Development Agreements. Each specific agreement type caters to different development needs and is tailored to achieve economic growth and community improvement in accordance with the state's targeted goals.

Missouri Development Agreement is a legal contract between a property developer and a local government entity in Missouri, outlining the terms and conditions for a specific development project. This agreement serves as a tool to promote economic growth, job creation, and infrastructure development within the state. The Missouri Development Agreement typically includes multiple components aimed at facilitating and incentivizing the development process. These may encompass financial assistance, tax incentives, land grants, and regulatory flexibility. The primary objective is to encourage private investment in certain areas or industries that can spur economic activity and bring positive change to the region. In Missouri, there are several types of development agreements that cater to different needs and circumstances. Some commonly encountered types include: 1. Tax Increment Financing (TIF) Agreements: TIF agreements are designed to fund public infrastructure improvements within a designated development area. Under this agreement, a portion of future property tax revenue generated by the development is redirected to finance infrastructure projects, such as roads, utilities, or parking facilities. 2. Chapter 100 Agreements: Chapter 100 agreements facilitate the issuance of industrial development revenue bonds by local authorities. These tax-exempt bonds allow businesses to finance major capital projects, such as constructing or expanding manufacturing facilities, at a lower interest rate than conventional financing. 3. Community Improvement District (CID) Agreements: Community Improvement District agreements establish special districts within a municipality or county. The district imposes an additional sales tax or property tax on the district's businesses or residents. The generated revenue is then dedicated to various improvements within the district, such as security, marketing, landscaping, or other enhancements. 4. Enhanced Enterprise Zone (EEA) Agreements: EEA agreements aim to stimulate economic development in economically distressed areas by providing state tax credits and other incentives to qualified businesses that create new jobs or make significant investments in those areas. 5. Public-Private Partnership (P3) Agreements: Public-Private Partnership agreements involve collaboration between governmental entities and private companies to jointly develop, finance, and operate projects. These agreements often span across various sectors, including transportation, real estate development, infrastructure, and more. These are just a few examples of the diverse range of Missouri Development Agreements. Each specific agreement type caters to different development needs and is tailored to achieve economic growth and community improvement in accordance with the state's targeted goals.