City Payment. City shall reimburse Developer, in an amount not to exceed the Maximum Reimbursement Amount and subject to the terms and conditions herein, for the Sewer Income Fund Eligible Expenses of design, development, and construction of Developer’s Sewer Improvements. City acknowledges and agrees that all of the Estimated Costs identified in Exhibit A are Sewer Income Fund Eligible Expenses. The City represents and warrants to Developer that, as of the Execution Date, the aggregate amount of funds on deposit in the Sewer Income Fund is equal to or greater than the Maximum Reimbursement Amount and that the City will use its reasonable efforts to manage the Sewer Income Fund in a manner so that the aggregate amount of funds on deposit in the Sewer Income Fund during the term of this Agreement is sufficient to pay all Reimbursable Costs in accordance with this Agreement. To the extent that the amount of funds in the Sewer Income Fund are insufficient to pay all Reimbursable Costs, City shall identify alternative funds from which to pay City’s Sewer Facility Contribution obligation pursuant to the DDA.
City Payment. The Subrecipient expressly agrees and understands that the total amount to be paid by the City under this Agreement shall not exceed [Insert Dollar Amount]. Drawdowns for the payment of eligible expenses shall be made against the line item budgets specified in Exhibit “B”, which is incorporated herein by reference and made a part of this agreement, and in accordance with the Subrecipient’s performance. Expenses for general administration shall also be paid against the line item budgets specified in Exhibit “B”, which is incorporated herein by reference and made a part of this Agreement, and in accordance with the Subrecipient’s performance.
City Payment. After satisfactory completion of Sections 3.1 requirements in conformance with the Agreement, the Developer may invoice the City for the City Payment equal to the Maximum Public Investment so long as the total cost of the Streetscape Enhancements exceed the Maximum Public Investment. The invoice shall document, to the reasonable satisfaction of the City: the costs of Construction directly relating to the Streetscape Enhancement. The Developer shall also provide any additional information related to the Construction as may be reasonably requested by the City. Within 60 days after the City receives the City Payment invoice, with appropriate documentation, the City shall send the Developer a check for the City Payment.
City Payment. The City shall pay the Contractor for certain towing and storage services, as follows.
City Payment. The City shall “pick up,” assume, and pay the full amount of the statutorily required contribution of the employees who are members of the P.E.R.S. This “pick- up” is and shall be in lieu of contributions to the P.E.R.S., and the extent thereof, each Bargaining Unit member’s salary shall be reduced. This “pick-up” by the City of P.E.R.S. contribution shall be mandatory and no employee subject to this “pick-up” shall have the option of choosing to receive the statutorily required contribution to the P.E.R.S.
City Payment. The City shall reimburse the County for the County Project in an amount not to exceed EIGHTY-THREE THOUSAND SEVEN HUNDRED NINETY-TWO AND NO/100 DOLLARS ($83,792.00) for the design, right-of-way acquisition, and construction, including utility relocation costs for utilities not owned by the City (together “City Participation Amount”). The County will submit an invoice for the City Participation Amount upon award of the construction contract.
City Payment. 27.1 Management Fee, Liability Insurance Costs, and Electric and Natural Gas Utility Costs. The City has allocated to the Center and CCAEF a total of $1,837,330 of federal funding received via the American Recovery Plan Act (“ARPA Funding”). This ARPA Funding will be distributed to the CCAEF in two equal payments of $918,665; the first to be made on or before July 5, 2024, and the second to be made on or before January 6, 2025. This ARPA Funding shall serve, in part, as compensation for the services performed on behalf of the City by the CCAEF provided for herein and shall include a Management Fee. This Management Fee is in addition to the other support by the City to the CCAEF as specifically provided for in this Agreement. The amount of the Management Fee for the 12-month term of this Agreement is $660,000, to be paid in two equal installments of $330,000 on or before the dates provided for herein. The CCAEF agrees to designate $100,000 of the total Management Fee under this agreement to support the following community events: the Annual 4th of July (Independence Day) Celebration, Día de los Muertos, Música en la Plaza, and Winter Wonderland. Remaining ARPA Funds after accounting for the Management Fee, or $1,177,330, will contribute to the payment of the CCAEF costs of Liability Insurance, as provided for under Section 21 of this Agreement, and the CCAEF costs for electricity and natural gas utilities.
City Payment. A. As stated in Section 4 hereinabove, CITY agrees to pay to AUTHORITY for the various services hereinabove agreed to be performed by AUTHORITY during the Fiscal Year 2015-2016, a total amount of Four Hundred Forty-Eight Thousand Two Hundred Dollars ($448,200.00) upon execution of this AGREEMENT.
B. Thereafter, CITY agrees to provide AUTHORITY, AUTHORITY's annual compensation described in Section 4 hereinabove, on or within a reasonable period of July 1 of each fiscal year for which an appropriation has been made. AUTHORITY shall utilize said compensation for payment of its costs and expenses in accordance with this AGREEMENT and the attached Budget to, among other purposes, advance the goals and attain the performance measurements stated in Attachment B for the term of this AGREEMENT.
C. CITY and AUTHORITY agree that CITY's payments, hereinabove specified, shall include payment for items of equipment, the cost of which is Five Hundred Dollars ($500) or more, the use of which is essential to carry out programs specified in this AGREEMENT, subject to each and all of the following conditions:
1. Upon payment of the cost thereof, each and every such piece of equipment purchased with CITY funds, which equipment costs Five 1269087
City Payment. City is not obligated to pay any amount to Developer in consideration of any conveyance to City whatsoever pursuant to this Agreement.
City Payment. City shall pay Honeywell as set forth in Schedule D (Compensation to Honeywell and Deliverables). All other payment and contract provisions of Fla. Stat. § 287.058 (1), are incorporated herein by reference. Payment is governed by the Florida Prompt Payment Act.
