[Adopted 10-23-2013 by Ord. No. 509]
The proper officers of the Township are hereby authorized and directed to execute and deliver on behalf of the Township the TIF Cooperation Agreement, in substantially the form attached hereto and marked as Exhibit "A," in furtherance of the TIF Plan and in order to set forth, among other things, the tax increment base and the understanding of the Township, the County of Monroe, the Pocono Mountain School District and the Monroe County Industrial Development Authority on how to administer the tax increments pledged in accordance with the TIF District and TIF Plan.
Editor's Note: Exhibit "A" is on file in the Township offices.
The proper officers of the Township are hereby authorized and directed to take all such actions, execute, deliver, file and/or record all such documents, publish all notices and otherwise comply with the provisions of this article and the Act insofar as the transaction contemplated by this article, in the name and on behalf of the Township.