Community Benefits Account Sample Clauses

Community Benefits Account. The Redeveloper will make a payment of $10 million to create a Community Benefits Account for the Mayor to use on public infrastructure/space projects outside the redevelopment area. THIS PAGE IS INTENTIONALLY BLANK Development Agreement Synopsis: Assembly Row, Somerville, MA Signatories • Mayor • Developer Legislative Approvals • None Year Executed • 2006 Assembly Row illustrative graphic, Somerville, MA In 2006, four parties executed an amended and restated agreement for the development of Assembly Square in Somerville: Federal Realty Investment Trust (FRIT), IKEA Property Inc., the City of Somerville, and the Somerville Redevelopment Authority (SRA). At the time, FRIT, IKEA, and the Redevelopment Authority each owned property in the Assembly Square Urban Renewal District. The agreement was intended to facilitate the relocation of a permitted, but not constructed, IKEA store from the Mystic River waterfront to an inland site via the issuance of new zoning permits and a land swap. This would allow the waterfront and the balance of the site to be used for the FRIT Assembly Square mixed use project. If successful, this agreement would supersede an earlier agreement for the IKEA waterfront site, but if it is not successfully implemented, the parties retain the right to go back to the original arrangement. To download development agreement for Assembly Row, Somerville, MA (2006) At the time of the signing of this agreement, FRIT owned and operated a 370,000 square foot retail center, the Assembly Square Mall, housed within the former Ford Motor Company assembly plant on a 26 acre parcel. The Somerville Planning Board issued a Special Permit with Site Plan Review to allow for the repositioning of the mall in December 2007. FRIT also owned or controlled, through a Land Disposition Agreement with the SRA, 25 acres known as the Inland Site, on which it proposed to build a mixed use project. IKEA owned a 17 acre site adjacent to the Mystic River on which it has received a Special Permit with Site Plan Review to construct at 340,000 square foot retail store with surface parking. Both the IKEA and FRIT Assembly Square Mall permits had been challenged in court by the Mystic View Task Force, a local community group. The City helped negotiate a settlement between the developers and the Task Force, which contributed to this Development Agreement (as well as a separate settlement agreement between the parties to the litigation). The Development Agreement called for FRIT ...
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Related to Community Benefits Account

  • Community Benefits 31.1. The potential to take in to account social considerations (also referred to as Community Benefits) in public procurement is firmly established and set out in European Directive 2014/24/EU, the Public Contracts (Scotland) Regulations 2015 (“the Regulations”) and European case law.

  • Maternity Benefits (i) Subject to the provisions of this part of the Agreement a female contributor who-

  • City Benefits The Contractor shall not be entitled to any of the benefits established for the employees of the City nor be covered by the Worker's Compensation Program of the City.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

  • Contributions to Individual Account Programs As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the State under this Section 2 shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.

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