City Commitment of Other Funding for SAAM Renovation Sample Clauses

City Commitment of Other Funding for SAAM Renovation. The Executive agrees to include funding for completion of the 2008 SAAM Project, or a mutually acceptable Possible Alternate SAAM Project in a future City Capital Improvement Program and when approved by the City Council, to timely apply such funding, in accordance with this Agreement. City funding shall be $11 million in 2008 dollars, or such larger amount as may be agreed to by the Parties for the Possible Alternate SAAM Project. The $11 million shall be adjusted for inflation to the project start date by application of the Engineering News-Record Construction Cost Index using the annual 12-month average of the 20-city monthly index for the years and portions of years elapsed.
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