City Financial Assistance. Subject to the terms and conditions set forth herein, the City shall reimburse Company of up to Ten Thousand Dollars ($10,000) to reimburse Company for a portion of the costs of City fees, permits and taxes associated with the rehabilitation of the Premises (“City Assistance”) and the first year of the business license tax paid to the City.
City Financial Assistance. After the Company has executed a lease for the Premises and filed the required applications for the installation of the Premises, Company may submit to the City a reimbursement request under this Agreement for applicable City fees, permits or taxes. Company shall also provide a copy of the relevant invoices and receipts to accompany a reimbursement request. Company acknowledges and agrees that the City’s obligation to apply the funds under this Agreement is conditioned upon the City approving the applications for the fee, permit or tax for the rehabilitation of the Premises. In no event shall the City be obligated to reimburse Company for any costs in an amount in excess of Ten Thousand Dollars ($10,000). The City’s obligation to provide City Assistance shall expire on June 30th, 2022 if the City has not issued a permit set forth in Section 2 of this Agreement by that date. Company’s financial contribution to the project eligible for consideration of matching funds may include, but may not be limited to the following:
a. Design Fees
b. Labor for installation and construction
c. Any materials, furnishings, fixtures and equipment in excess of 10,000 claimed for reimbursement.
City Financial Assistance. City hereby awards Company a Grant of Ten Thousand Dollars ($10,000) subject to the terms and conditions of this Agreement.
City Financial Assistance. After the Company has executed a lease for the Premises, Company may request the Grant. Company acknowledges and agrees that the City’s offer to pay the Grant under this Agreement is conditioned upon City approval of a certificate of occupancy allowing the operation of the Company at the Premises. The City’s obligation to provide this Grant shall expire on December 31, 2022.
City Financial Assistance. After the Company has executed a lease for the Premises and filed the required applications for the rehabilitation of the Premises, Company may submit to the City a reimbursement request under this Agreement for applicable City fees, permits or taxes. Company shall also provide a copy of the relevant invoices and receipts to accompany a reimbursement request. Company acknowledges and agrees that the City’s obligation to apply the funds under this Agreement is conditioned upon the City approving the applications for the fee, permit or tax for the rehabilitation of the Premises. In no event shall the City be obligated to reimburse Company for any costs in an amount in excess of Fifteen Thousand Dollars ($15,000). The City’s obligation to provide City Assistance shall expire on June 30th, 2022 if the City has not issued a permit set forth in Section 2 of this Agreement by that date.
City Financial Assistance. After the Company has: (a) executed a lease for the Premises (if Company will operate at the Premises as a tenant); (b) filed any required City applications for the occupation of the Premises; and (c) provides a copy of Company’s paid City Business License, Company may request the Grant. Company acknowledges and agrees that the City’s Grant offer under this Agreement is conditioned upon any necessary City approvals for Company to occupy the Premises. T-42721/ 1 OC-001392-000 The City’s offer to provide the Grant will expire on December 31, 2022 if Company has not met all conditions set forth in this Section 2 by that date.
City Financial Assistance. City hereby awards Company a Grant of $15,000 subject to the terms and conditions of this Agreement.
City Financial Assistance. Subject to the terms and conditions set forth herein, the City shall reimburse Company up to Four Hundred Thousand Dollars ($400,000) for the acquisition cost of Eligible Equipment (“City Equipment Assistance”). Upon City’s receipt of a Request for Reimbursement for Eligible Equipment, together with Evidence of Acquisition and confirmation by the City that the Eligible Equipment has been installed or is otherwise being used at the Premises, the City shall reimburse Company for the amount of the Request for Reimbursement for Eligible Equipment. In no event shall the City be obligated to reimburse Company for: (i) an aggregate amount in excess of $400,000; and/or (ii) any amount for which a Request for Reimbursement has not been received by City on or before the fifth (5th) anniversary of the Occupancy Date (as defined below).
City Financial Assistance. Subject to the terms and conditions set forth herein, the City shall reimburse Company up to One Hundred Fifty Thousand Dollars ($150,000) for reimbursement of the acquisition cost of Eligible Equipment (“City Equipment Assistance”). After the Company has paid for any Eligible Equipment, Company may submit to the City a Request for Reimbursement, together with Evidence of Acquisition. Upon receipt by the City of a Request for Reimbursement for Eligible Equipment, together with Evidence of Acquisition and confirmation by the City that the Eligible Equipment has been installed or is otherwise being used at the Premises, the City shall reimburse Company for the amount of the Request for Reimbursement for Eligible Equipment. In no event shall the City be obligated to reimburse Company for Eligible Equipment in an amount in excess of $150,000. If, on the third (3rd) anniversary of the date of issuance of the certificate of occupancy for the Premises, Company has not submitted a Request for Reimbursement(s) to the City for the aggregate total amount of the City Equipment Assistance, the City shall have no further obligation to reimburse Company under this Agreement.
City Financial Assistance
