Purpose of Project. The purpose of the Financial Assistance with respect to the Project is to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing of the Project Facility to advance job opportunities, health, general prosperity and economic welfare of the people of Nassau County, New York, and to specifically promote the investment commitment, employment commitment, and other commitments of the Company contained herein and in the Company's Application , and to prevent economic deterioration by eliminating blight at the site of the Facility, said site having become a ▇▇▇▇▇▇▇▇▇▇ site due to its past industrial use, which the Project will be remediate, eliminating blight and deleterious environmental conditions from the area, and to provide rental housing and affordable housing to the people of Nassau County.
Appears in 2 contracts
Sources: Uniform Project Agreement, Uniform Project Agreement