City Request for County Contribution Sample Clauses

City Request for County Contribution. County Contributions shall occur on a reimbursement basis only. County will remit its County Contribution to City upon City written request no later than sixty (60) days after receipt by the County Auditor and as set forth herein. Beginning with the first year for which a County Contribution may be made, City may submit a written request for the County Contribution for the Development Area during the period commencing July 1 and ending on December 31 of the following calendar year from when the tax is typically levied to which the contribution relates. For example, for County taxes levied and collected based on the Taxable Value as of January 1, 2017 the City may make a written request for the County Contribution beginning July 1, 2018 through December 31, 2018. Such written request shall include proof that the City actually incurred or made payment towards the Public Improvements Costs to which such request for reimbursement relates. In turn the County shall remit payment up to the amount of its total County Contributions as of such date which have not already been disbursed for one half of the actual costs incurred by the City for the Public Improvements Costs and that have been requested up to the maximum amount of County Contribution for the Development Area as set forth in this Agreement. The failure by City to timely submit to the County Auditor a written request for a County Contribution for the Development Area will not result in the forfeiture of the County Contribution attributable to that tax year. Rather, there shall be a carryover until a timely written request from City to County is made pursuant to the terms of this Agreement. The County Contribution submitted to the City shall be accompanied with the information and calculations used in making County’s determination as to the amount of such County Contribution for the Development Area. The City agrees to only use County Contributions for reimbursement of one half of the City’s actual costs incurred for Public Improvements Costs as set forth in this Agreement.
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Related to City Request for County Contribution

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