City Acknowledgement of Allocation Cap Sample Clauses

City Acknowledgement of Allocation Cap. The City acknowledges that the allocation of the Project Costs and all necessary fixtures, furniture and equipment (FF&Es) for the Fire Station Area must not exceed $5,160,000.00 (the “City Allocation Cap”). If during the design process the costs for design and construction of the Fire Station Area, the FF&Es and the City’s allocated Project Costs exceed the City Allocation Cap, the City, through the Project Committee shall reduce the estimated cost of the construction of the Fire Station Area such that the City’s total estimated allocated costs fall at or below the City Allocation Cap.
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Related to City Acknowledgement of Allocation Cap

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