Common use of Creation of Development Program Fund Clause in Contracts

Creation of Development Program Fund. Within sixty (60) days after the Effective Date of the Development Program, the City shall create and establish a segregated fund in the name of the City designated as the “000 Xxxxxxxxxx Xxxxxx Municipal Affordable Housing Development and Tax Increment Financing District Program Fund” (hereinafter the “Development Program Fund”) pursuant to, and in accordance with the terms and conditions of, the Development Program and 30-A M.R.S.A. § 5250-A(3). The Development Program Fund shall consist of the Project Cost Account, which is pledged to and charged with the payment of Project costs described in the Development Program, as provided in 30-A M.R.S.A.§ 5250-A(3)(A)(1). The Project Cost Account is pledged to and charged with the payment of costs in the manner and priority provided in Section 3.1(b) below.

Creation of Development Program Fund. Within sixty (60) days after the Effective Date of the Development Program, the City shall create and establish a segregated fund in the name of the City designated as the “000 Xxxxxxxxxx Xxxxxx 337 Cumberland Avenue Municipal Affordable Housing Development and Tax Increment Financing District Program Fund” (hereinafter the “Development Program Fund”) pursuant to, and in accordance with the terms and conditions of, the Development Program and 30-A M.R.S.A. § 5250-A(3A (3). The Development Program Fund shall consist of the Project Cost Account, which is pledged to and charged with the payment of Project costs described in the Development Program, as provided in 30-A M.R.S.A.§ 5250-A(3)(A)(1). The Project Cost Account is pledged to and charged with the payment of costs in the manner and priority provided in Section 3.1(b) below.

Creation of Development Program Fund. Within sixty (60) days after the Effective Date of the Development Program, the City shall create and establish a segregated fund in the name of the City designated as the “000 Xxxxxxxxxx Xxxxxx Municipal 45 Xxxxxxxxx Affordable Housing Development and Tax Increment Financing District Program Fund” (hereinafter the “Development Program Fund”) pursuant to, and in accordance with the terms and conditions of, the Development Program and 30-A M.R.S.A. § 5250-A(3). The Development Program Fund shall consist of the Project Cost Account, Account which is pledged to and charged with the payment of Project costs described in the Development Program, as provided in 30-A M.R.S.A.§ 5250-A(3)(A)(1). The Project Cost Account is pledged to and charged with the payment of costs in the manner and priority provided in Section 3.1(b) below.

Creation of Development Program Fund. Within sixty (60) days after the Effective Date of the Development Programdate hereof, the City shall create and establish a segregated fund in the name of the City designated as the “000 Xxxxxxxxxx Xxxxxx The Xxxxxxx Airport Omnibus Municipal Affordable Housing Development and Tax Increment Financing District Program Fund” (hereinafter the “Development Program Fund”) pursuant to, and in accordance with the terms and conditions of, the Development Program and 30-A M.R.S.A. § 5250-A(35227(3). The Development Program Fund shall consist of the Project Cost Account, which Account that is pledged to and charged with the payment of Project project costs described as outlined in the Financial Plan of the Development Program, Program and as provided in 30-A M.R.S.A.§ 5250-A(3)(A)(1M.R.S.A. § 5227(3)(A)(1). The Project Cost Account is pledged to and charged with shall also contain a new subaccount designated as the payment of costs in “LabelTech Project Cost Subaccount.” The Project Cost Account already contains the manner and priority provided in Section 3.1(b) belowCity Project Cost Subaccount.