§ 2-1843. Obligation to fund.

Notwithstanding the provisions of Section 2-1842 herein, the County's obligation to fund the Fund annually shall continue until all loans, advances and indebtedness, if any, and interest thereon, of the Agency incurred as a result of redevelopment in the Redevelopment Area have been paid. Notwithstanding any provisions of the Interlocal Agreement to the contrary, the Agency shall terminate the later of:

(1)

July 13, 2044; or

(2)

The date all loans, advances, and indebtedness, if any, are no longer outstanding.

Notwithstanding any provision herein to the contrary, should a proposed Plan Amendment and the amendment to the Interlocal Agreement, as described herein, not be approved by the Board of County Commissioners on or before December 20, 2016, this section shall sunset and the provisions of this section, including the obligation to fund the trust fund, shall be null and void and of no force and effect.

(Ord. No. 05-109, § 4, 7-7-05; Ord. No. 16-95, § 2, 9-20-16)