Budget for ADA Improvements Sample Clauses

Budget for ADA Improvements. In connection with the presentation of its budget to the City, as required by Section 6, above, the Foundation shall present a list of any outstanding ADA improvements, together with a projected budget to complete the ADA Improvements and a schedule for their completion. The Foundation agrees to budget the sum of forty thousand dollars ($40,000) annually for the term of this Agreement, and any extension thereto, towards completion of the ADA Improvements (the “ADA Budget”). Beginning on the first anniversary of the Effective Date, the ADA Budget shall increase annually at the end of each 12-month period by any increase in the Consumer Price Index (“CPI”) as determined by the U.S. Bureau of Labor Statistics for all Urban Consumers for Los Angeles-Riverside-Orange Counties over the previous year.