APPROPRIATION BY CITY Clause Samples
APPROPRIATION BY CITY. All of the Service Payments and the County Portion of the proceeds of the Land Sale Transactions received or to be received by the City and paid to the County hereunder are and are deemed to be appropriated pursuant to the Cooperative Agreement Ordinance to pay the City’s obligations under this Agreement. Notwithstanding the foregoing, to the extent necessary, the City agrees to appropriate those amounts to be received into the TIF Fund constituting Service Payments and the County Portion of the proceeds of the Land Sale Transactions for payment to the County.
APPROPRIATION BY CITY. The Parties acknowledge that (i) financial obligations of the City payable after the current fiscal year are contingent upon funds for that purpose being appropriated, budgeted and otherwise made available; (ii) the Parties by this Agreement do not irrevocably pledge present cash reserves for payments in future fiscal years; and