CDBG Agreement Clause Samples

The CDBG Agreement clause establishes the terms and conditions under which Community Development Block Grant (CDBG) funds are provided and managed between parties, typically a government agency and a subrecipient or contractor. It outlines the specific requirements for the use of CDBG funds, such as eligible activities, reporting obligations, and compliance with federal regulations. By clearly defining these responsibilities, the clause ensures proper administration of grant funds and helps prevent misuse or misallocation, thereby safeguarding public resources and ensuring program objectives are met.
CDBG Agreement. (a) The City intends to satisfy all of its obligations relating to Site Preparation Work and Public Improvements through the CDBG Agreement. Pursuant to the CDBG Agreement, the City is contracting with the Developer or its affiliate to carry out Site Preparation Work and Public Improvements activities using funds provided by the City. The Developer or its affiliate shall receive a 16% management fee for the oversight of the Site Preparation and Public Improvement activities pursuant to CDBG Agreements (which fee is expressly separate from Developer Fee). Payment schedule of the management fee will be specified in the CDBG Agreement. Qualifying and contracting for the Site Preparation Work and Public Improvements work pursuant to the CDBG Agreement shall be carried out in accordance with the laws, policies and procedures (including standard form documents, adapted to the circumstances and parties as needed) which the City would comply with if it conducted the contracting process through its own forces – all as further specified in the CDBG Agreement. The parties each expect that the 2012 CDBG Agreement will provide for a scope of work and funding amounts sufficient to meet the parties’ expectations as of the date of such agreement for Site Preparation Work for the entire 20-acre Revitalization Site and for Public Improvement work relative to the approximately 7-acre Rental Phase 1 Development Site. However, the relevant scope and funding obligations remain subject to further adjustment under the terms of the CDBG Agreement (for example, in the event of change order under the terms of that agreement) and in any event as may be further required for the City to meet its obligations under this Agreement (for example, if further Hazardous Materials are identified, or relative to further Approved Phases). (b) To the extent any Site Preparation Work or Public Improvements work is the subject of a CDBG Agreement with Developer or with its affiliate, then so long as the City fulfills the terms of such CDBG Agreement the Developer shall not be excused from performance under the terms of this Agreement for any time delays in prosecution or completion of such work. At Closing of an Approved Phase the City may request, but is not required to, that Developer or the relevant Owner Partnership sign a statement that the Public Improvements have been completed to the extent necessary for completion of all of Developer’s obligations which are contingent upon that Public Impro...
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CDBG Agreement. THIS CONTRACT, dated and effective the date signed by the Mayor of the City of Wichita, by and between the City of Wichita, Kansas (hereinafter referred to as “the City”) and Wichita RAD Senior L.P., a Kansas limited partnership, hereinafter referred to individually as the “Project Owner/Borrower”. WITNESSETH THAT:
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Related to CDBG Agreement

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively: (a) represent the sum of the understandings and agreements between the Bank and the Borrower concerning this credit; (b) replace any prior oral or written agreements between the Bank and the Borrower concerning this credit; and (c) are intended by the Bank and the Borrower as the final, complete and exclusive statement of the terms agreed to by them. In the event of any conflict between this Agreement and any other agreements required by this Agreement, this Agreement will prevail.

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • Lock-Up Agreement The Underwriters shall have received all of the Lock-Up Agreements referenced in Section 4 and the Lock-Up Agreements shall remain in full force and effect.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Operating Agreement You have received and read a copy of the Company’s Operating Agreement (the “Operating Agreement”) and agree that your execution of this Subscription Agreement constitutes your consent to the Operating Agreement, and that upon acceptance of this Subscription Agreement by the Company, you will become a member of the Company as a holder of Class A Units. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.