Construction of Public Improvements. To the extent allowed by law and then only to the extent TIF Proceeds are lawfully available and granted to the Redeveloper as described in Paragraph 10 below, the Redeveloper shall use the TIF Proceeds to construct the Public Improvements through the City’s executive order construction process. The City shall not have any obligations to fund the Public Improvements or make grants to the Redeveloper in excess of the available TIF Proceeds as described in Paragraph 10 below. Redeveloper shall use its own funds to fund any Public Improvements costs that exceed the TIF Proceeds that are lawfully available and granted to the Redeveloper hereunder. Contracts for construction of the Public Improvements shall be bid in accordance with City procedures.
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Samples: Redevelopment Agreement
Construction of Public Improvements. To the extent allowed by law and then only to the extent TIF Proceeds are lawfully available and granted allocated to the Redeveloper as described in Paragraph 10 below, the Redeveloper shall use the TIF Proceeds to construct the Public Improvements through the City’s executive order construction processin accordance with City procedures. The City shall not have any obligations to fund the Public Improvements or make grants to the Redeveloper in excess of the available TIF Proceeds as described in Paragraph 10 below. Redeveloper shall may use its own funds to fund any Public Improvements costs that exceed the TIF Proceeds that are lawfully available and granted to the Redeveloper hereunder. Contracts for construction of the Public Improvements shall be bid in accordance with City procedures.
Appears in 1 contract
Samples: Redevelopment Agreement
Construction of Public Improvements. To the extent allowed by law and then only to the extent TIF Proceeds are lawfully available and granted to the Redeveloper as described in Paragraph 10 below, the Redeveloper shall use the TIF Proceeds to construct the Public Improvements through the City’s executive order construction process. The City shall not have any obligations to fund the Public Improvements or make grants to the Redeveloper in excess of the available TIF Proceeds as described in Paragraph 10 below. Redeveloper shall Redeveloper, at its election, may use its own funds to fund any Public Improvements costs that exceed the TIF Proceeds that are lawfully available and granted to the Redeveloper hereunder. Contracts for construction of the Public Improvements shall be bid in accordance with City procedures.
Appears in 1 contract
Samples: Redevelopment Agreement
Construction of Public Improvements. To the extent allowed by law and then only to the extent TIF Proceeds Tax Revenues are lawfully available and granted to the Redeveloper as described in Paragraph 10 belowavailable, the Redeveloper City shall use the TIF Proceeds Tax Revenues to reimburse Redeveloper for the cost to construct the its Public Improvements through the City’s executive order construction process. The City shall not have any obligations to fund the any Public Improvements or make grants to the Redeveloper in excess of the available TIF Proceeds Tax Revenues as described in Paragraph 10 11 below. Redeveloper shall Redeveloper, at its election, may use its own funds to fund any Public Improvements costs that exceed the TIF Proceeds Tax Revenues that are lawfully available and to be granted to the Redeveloper hereunderRedeveloper. Contracts for construction of the Public Improvements shall be bid in accordance with City procedures.
Appears in 1 contract
Construction of Public Improvements. To the extent allowed by law and then only to the extent TIF Proceeds are lawfully available and granted to the Redeveloper as described in Paragraph 10 15 below, the Redeveloper shall use the TIF Proceeds to construct the Public Improvements through the City’s executive order construction process. The City shall not have any obligations to fund the Public Improvements or make grants to the Redeveloper in excess of the available TIF Proceeds as described in Paragraph 10 belowprovided within this Agreement. Redeveloper shall use its own funds to fund any Public Improvements costs that exceed the TIF Proceeds that are lawfully available and granted to the Redeveloper hereunder. Contracts To the extent required by law, contracts for construction of the Public Improvements shall be bid in accordance with City procedures.
Appears in 1 contract
Samples: Redevelopment Agreement