Community Benefits Plan. The Authority and StadCo hereby acknowledge and agree that StadCo and the Developer have developed, will implement and will at all times comply with, the Community Benefits Plan. The Community Benefits Plan shall comply in all respects with all requirements set forth in the Act and shall not be amended or modified nor shall StadCo or the Developer cease its respective compliance with the Community Benefits Plan without the Approval of the Authority Board until such time as the community oversight committee described in the Section 29.5(2) of Act is empaneled to monitor and enforce the Community Benefits Plan.
Community Benefits Plan. The Developer acknowledges and agrees that an integral element of the Project is a Community Benefit Plan, which will be organized and managed by the CRA. The Developer hereby agrees to use commercially reasonable efforts to achieve the CBP goal of twenty five percent (25%) of the total cost of the Project construction with a primary focus on hiring the workforce from within the City including the hiring of a Hallandale Beach General Contractor, Hallandale Beach subcontractors, Hallandale Beach residents, or any combination thereof in order to reach the twenty five percent (25%) CBP commitment. The City has established an Administrator (Hallandale Opportunities Project Administrator, or “HOP Administrator”) to oversee all contracts with CBP commitments. The Developer shall submit its draft CBP to the HOP Administrator, and will thereafter work with the HOP Administrator to reduce the CBP to final form acceptable to the HOP Administrator. The HOP Administrator will be responsible for tracking the Developer’s compliance with its CBP throughout the duration of the Project, and reporting such compliance to the CRA Board and City Commission. To the extent that the Developer needs assistance in meeting its CBP commitment, the HOP Administrator will serve as a resource to the Developer by providing points of contact to pursue in order to achieve their established goals (local vendor participation or local workforce hiring). It is noted, however, that development of the CBP remains the sole responsibility of the Developer, as does compliance with the approved CBP. In the event that the HOP Administrator determines, at such time and in accordance with such procedures as the CBP shall establish, that the Developer has not met its CBP commitment, then the Developer shall pay to the CRA a portion of the City’s cost of the HOP Program in an amount equal to (x) the difference, expressed as a percentage, between f twenty five percent (25%) and the actual local workforce hiring percentage achieved by the Developer, multiplied by (y) the City’s estimated total cost of the HOP Program in the amount of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00). By way of example, if the Developer only achieves a local hiring percentage of twenty percent (20%), then the Developer shall pay the CRA five percent (5 [25 minus 20]%) of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00), or Seventeen Thousand Five Hundred and 00/100 Dollars ($17,500.00). The failure ...
Community Benefits Plan. The Agency hereby acknowledges and agrees that the inclusion of the Community Benefits Plan in this Agreement satisfies Developer’s obligation to enter into the “Assumption Agreement” referenced in section 2.1 of the Community Benefits Agreement. Except for the foregoing, the Community Benefits Plan does not amend or limit the Community Benefits Agreement or Developer’s obligations thereunder.
Community Benefits Plan. The Guarantor shall have received the initial Community Benefits Plan and Justice40 Annual Report in respect of the Project.
Community Benefits Plan. (a) Tenant shall undertake a community benefits program designed to ensure that Tenant helps address the needs of the surrounding area, with a particular focus on communities in- need and communities that are traditionally underrepresented in the workforce. The plan is expected to include a combination of collaborative programs and financial investment that will support, enhance and/or promote the following: (i) fire departments and districts and ambulance service providers; (ii) school districts; (iii) libraries and library districts; (iv) athletic fields, ballfields and parks; (v) public hospitals and (vi) rehabilitation of abandoned, blighted and vacant residential and commercial properties and other public benefits (collectively, the “Community Benefits Program”).
(b) No less than 40% of the total value of the benefits conferred under the Community Benefits Program shall be used for initiatives directly benefitting the residents of Uniondale for the purposes enumerated in subsections (i) through (vi) in subsection (a) above. The remaining value shall be used for the same community benefit purposes in the surrounding area.
(c) An advisory committee shall be established to consult on the Community Benefits Program (the “Advisory Committee”) comprising an equal number of representatives appointed by Xxxxxx and the County Executive and one (1) representative appointed by each of the following:
(i) the Majority caucus of the Nassau County Legislature; (ii) the Minority caucus of the Nassau County Legislature; (iii) the Town of Hempstead Supervisor; and (iv) the Hempstead Town Board. The Advisory Committee shall review and advise regarding the elements of the Community Benefits Program. The Advisory Committee’s recommendations for the Community Benefits Program will be focused on how best to allocate the community benefit funding. The Community Benefits Program shall be the basis for a community benefits agreement between the County and Tenant that shall include a provision for an independent compliance monitor.
(d) Tenant shall fund the Community Benefits Program with no less than $2 million annually commencing upon the earlier of the satisfaction of the Casino Operation Condition or substantial completion of the Improvements set forth in the Final Alternate Site Plan and every annual anniversary thereafter. Notwithstanding the foregoing to the contrary, commencing upon the satisfaction of Casino Operation Condition and continuing until the date the Casino ...
Community Benefits Plan. DOE shall have received the Community Benefits Plan in form and substance satisfactory to DOE.
Community Benefits Plan. Developer shall provide a “Community Benefits Plan” as part of the PUD Process if applicable (the “Community Benefits Plan”), or, to the extent a Community Benefits Plan is not part of the PUD Process, to the District for its reasonable review and approval prior to Closing.
Community Benefits Plan. Does not apply to this Solicitation.
Community Benefits Plan. Receipt by DOE of the Community Benefits Plan for the Project.
Community Benefits Plan. The Contractor shall carry out the Community Benefits Plan attached hereto as Exhibit C.
