Community Benefits Plan Sample Clauses
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. Receipt by DOE of the Community Benefits Plan for the Project.
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. DOE shall have received the Community Benefits Plan in form and substance satisfactory to DOE.
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. Developer (and its successors and assigns) is an intended third party beneficiary of this Section 19.29.
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 Guarantor shall have received the initial Community Benefits Plan and Justice40 Annual Report in respect of the Project.
Community Benefits Plan. The Contractor shall carry out the Community Benefits Plan attached hereto as Exhibit C.
Community Benefits Plan. Does not apply to this Solicitation.
Community Benefits Plan. The recipient will execute activities with the community as defined in the Community Benefits Outcomes and Objectives attached to the award. SOLID POWER OPERATING INC.: DE-MS0000122.0000 2