City’s Project Development Fund Sample Clauses

City’s Project Development Fund. The City will establish the Project Development Fund, which will contain the sum of at least Sixty-Nine Million Dollars ($69,000,000), and which shall be used to pay the City’s share of Project Costs pursuant to this Agreement. In addition to the funds already contained in the Project Development Fund, the City shall deposit and include in the Project Development Fund all interest and income earned, if any, on the OSH Contribution pursuant to this Agreement, together with all interest and income earned on all of the foregoing funds held in the Project Development Fund (less financing costs required to be paid from the foregoing funds pursuant to the Interlocal Agreement). The Project Costs to be paid from the City Contribution to Project Development Fund shall consist of the City-Furnished Materials Costs and City’s share of the Pro Rata Costs. No portion of the City Contribution to the Project Development Fund shall be used to pay either the Non-CCNA Costs or Excluded Costs. The Project Costs to be paid from the OSH Contribution to Project Development Fund shall consist of the OSH share of the Pro Rata Costs and the Non-CCNA Costs. No portion of the OSH Contribution to the Project Development Fund shall be used to pay Excluded Costs. The Project Developer agrees to abide by any funding restrictions to the same extent that any restrictions may be imposed upon the City, including any applicable transportation funding restrictions. Funding levels held in the Project Development Fund in excess of those needed for immediate payment of the City’s share of Project Costs shall be invested in accordance with Applicable Law and with the City’s investment policy. Interest proceeds from the Project Development Fund will be accumulated in the Project Development Fund and shall be used solely for Project Costs and Project financing costs (provided, however, that such Project financing costs shall not be Project Costs). In addition to other costs and expenses specifically identified in this Agreement as being the responsibility of the City and regardless of the funding levels held in the Project Development Fund, and notwithstanding anything herein to the contrary, the City shall be obligated to pay all Project Costs in an amount equal to the Budget Cap less the OSH Contribution.
Sample 1
AutoNDA by SimpleDocs

Related to City’s Project Development Fund

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement.

  • Development Area 10.4. The Development Area shall encompass all Deposits to be produced.

  • For Product Development Projects and Project Demonstrations  Published documents, including date, title, and periodical name.  Estimated or actual energy and cost savings, and estimated statewide energy savings once market potential has been realized. Identify all assumptions used in the estimates.  Greenhouse gas and criteria emissions reductions.  Other non-energy benefits such as reliability, public safety, lower operational cost, environmental improvement, indoor environmental quality, and societal benefits.  Data on potential job creation, market potential, economic development, and increased state revenue as a result of the project.  A discussion of project product downloads from websites, and publications in technical journals.  A comparison of project expectations and performance. Discuss whether the goals and objectives of the Agreement have been met and what improvements are needed, if any.

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Vendor Development Rights To the extent not inconsistent with Customer’s rights in the Work Product or as set forth herein, nothing in this Contract shall preclude Vendor from developing for itself, or for others, materials which are competitive with those produced as a result of the Services provided hereunder, provided that no Work Product is utilized, and no Intellectual Property Rights of Customer therein are infringed by such competitive materials. To the extent that Vendor wishes to use the Work Product, or acquire licensed rights in certain Intellectual Property Rights of Customer therein in order to offer competitive goods or services to third parties, Vendor and Customer agree to negotiate in good faith regarding an appropriate license and royalty agreement to allow for such.

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

  • Project Design Applicants must design a project that provides access to health services to enable eligible women and men experiencing health needs to secure and maintain safe and accessible quality screening and diagnostic services, comprehensive family planning, and/ or other women’s health services.

Time is Money Join Law Insider Premium to draft better contracts faster.