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 thirty percent (30%) 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 thirty percent (30%) 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 as demonstrated by the Certified CBP Achievement, 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 thirty percent (30%) and the actual local workforce hiring percentage achieved by the Developer as demonstrated by the Certified CBP Achievement, 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 five percent (25%), then the Developer shall pay the CRA five percent (5 [30 minus 25]%) of Three Hundred Fifty Thousand and 00/100 Dollars ($350,000...
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 Contractor shall carry out the Community Benefits Plan attached hereto as Exhibit C.
Community Benefits Plan. This Community Benefits Plan defines the community benefit obligations of Vertical Developer. [Include in Vertical DDA where Vertical Developer is an Affiliate of Developer or a Joint Venture Community Builder]
Community Benefits Plan. The Developer acknowledges and agrees that an integral element of the Project is a CBP, which will be organized and managed by the CRA. The Developer hereby agrees to use commercially reasonable efforts to achieve a CBP of forty percent (40%) the total cost of development 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 40% CBP commitment. The Developer also commits to working through the newly establish Hallandale Opportunity Project (HOP) in order to recruit the needed companies/individuals for this Project. The Developer agrees to comply with the requirements of the CBP in effect and as amended from time to time. Additionally, the Developer agrees that leasing of commercial space within the Project shall be with an emphasis to local businesses. Developer acknowledges and agrees that its CBP commitment is not intended, nor shall it be deemed or construed, to (a) replace, supersede, alter, amend and/or diminish any requirements of Applicable Laws and/or (b) place any affirmative obligation upon Developer in violation of Applicable Laws. Notwithstanding anything herein to the contrary, the General Contractor shall not be required to contract with any party that is (a) unlicensed, (b) uninsured or underinsured, (c) not financially stable, and/or (d) does not meet the bonding requirements of the General Contractor’s surety.
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. The Guarantor shall have received a final business plan relating to deployment of the Project and certain reporting requirements (the “Community Benefits Plan”) which is attached as Exhibit E hereto.
Community Benefits Plan. The Design-Builder shall comply with the provisions of Exhibit N hereto with respect to utilization of the agreed to "Community Benefit Plan exclusive of the City of North Miami’s Local Preference requirement, under Section 7-151 of the City Code of Ordinances.
