Lavon, Texas: Crossroads of Opportunity Page: 37
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records of the applicant as are necessary to substantiate that the applicant is meeting
the criteria agreed upon during the term of the incentive,
d. A provision for recapturing City expenditures and/or cost of labor associated with the
agreement, in the event the company or individual is found to be in default according
to the terms and conditions of the incentive agreement.
e. All proprietary information required by the City for purposes of monitoring
compliance with the terms and conditions of an incentive agreement shall be
considered confidential.
Section 12
SEVERABILITY AND LIMITATION
In the event that any section, clause, sentence, paragraph, or any part of these Guidelines and
Criteria shall, for any reason, be adjudged by any count of competent jurisdiction to be invalid
such invalidity shall not affect, impair, or invalidate the remainder of these Guidelines and
Criteria.37
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University of North Texas. Center for Economic Development and Research. Lavon, Texas: Crossroads of Opportunity, report, April 2010; (https://digital.library.unt.edu/ark:/67531/metadc32971/m1/39/: accessed April 19, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Center for Economic Development and Research.