Las Vegas City Commission Minutes, February 17, 1937 to August 4, 1942, lvc000004-434

7. The City will distribute each such annual payment in lieu of taxes to the taxing bodies in such proportion that each taxing body will receive from the total payment by the Administrator hereunder the same proportion as said taxing body's ad valorem tax rate bears to the total ad valorem tax rate which would be levied against the Development if it were oper­ated by private enterprise and subject to normal taxation; provided, however, that the City may distribute each such annual payment in lieu of taxes to the taxing bodies in such lesser amounts as may be mutually agreed upon between the City and the respective taxing bodies. For purposes of this Agreement, the term "taxing bodies" shall mean the State of Nevada and every political subdivision or taxing until thereof (including the City, but excluding Las Vegas Union School District on behalf of the Las Vegas Grammar School District No. 12 and Clark County Educational District No. 2) which shall have authority to levy taxes, or to certify taxes to a taxing body or public officer, to be provided for its use and benefit, and in which the Development is situated. 8. This Agreement shall continue in full force and effect with respect to the Devel­opment so long as title thereto is held by the Government and so long as the emergency declared by the President on September 8, 1939, to exist, continues; provided, however, that so long as title to the Development is held by the Government after said emergency has terminated this Agreement shall continue in full force and effect until sixty days after either party has given to the other written notice that the Agreement shall terminate at the end of said sixty days. 9. Upon the sale by the Government of any part or parts of the Development, the part or parts so sold shall, from the date of sale, no longer be considered part of the Develop­ment. Upon the termination of this Agreement as to the whole of the Development, the Government will pay such portion of the annual payment called for by Paragraph 1 hereof as the elapsed portion of the twelve-month period bears to twelve months. 10. No member of or delegate to the Congress of the United States of America shall participate in the funds made available under this Agreement. IN WITNESS WHEREOF the City of Las Vegas and the Government have respectively caused this Agreement to be duly executed as of this ___________day of________________,194____. Attest; Helen Scott City of Las Vegas City Clerk By Howell C. Garrison, Mayor United States of America Federal Works Administrator Section 3. That the Mayor and the City Clerk of the City are hereby authorized to execute a contract substantially in the form set forth in Section 2 hereof on behalf of the City. Section 4. This resolution shall take effect immediately. Commissioner Clark moved that the foregoing resolution be adopted as introduced and read, which motion was seconded by Commissioner Rubidoux and upon roll call the "Ayes" and "Nays" were as follows: Ayes: Commissioners Tinch, Clark, Rubidoux and Mayor Garrison. Nays: none. The Mayor thereupon declared said motion carried and said resolution adopted. Commissioner Rubidoux made a motion that the city clerk be instructed to write a letter to Mr. Bracken requesting a definite answer regarding the 10 acres adjoining the cemetery relative to purchasing same. Motion seconded by Commissioner Clark and carried by the following vote. Commissioners Tinch, Clark, Rubidoux and His Honor voting aye. Noes, none.