Common use of Deadline for Payments and Source of Funds Clause in Contracts

Deadline for Payments and Source of Funds. Construction of Eligible Improvements must be completed within one (1) year of grant application approval. Payment will be made after all work has been satisfactorily completed according to terms of approved grant application and all costs are documented with receipt and/or invoices. It is understood and agreed that all Program Grants paid pursuant to this Agreement shall come from currently available general revenues of the City and not directly from Sales Tax Revenues. Grantee understands and agrees that any revenues of the City other than those dedicated for payment of a given annual Program Grant pursuant to this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Grantee.

Appears in 2 contracts

Samples: Economic Development Program Agreement, Economic Development Program Agreement

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Deadline for Payments and Source of Funds. Construction of Eligible Improvements improvements must be completed within one (1) year of grant application approval. Payment will be made after all work has been satisfactorily completed according to terms of approved grant application and all costs are documented with receipt and/or invoices. It is understood and agreed that all Program Grants paid pursuant to this Agreement shall come from currently available general revenues of the City and not directly from Sales Tax Revenues. Grantee Xxxxxxx understands and agrees that any revenues of the City other than those dedicated for payment of a given annual Program Grant pursuant to this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Grantee.

Appears in 1 contract

Samples: Economic Development Program Agreement

Deadline for Payments and Source of Funds. Construction of Eligible Improvements must be completed within one (1) year of grant application approval. Payment will be made after all work has been satisfactorily completed according to terms of approved grant application and all costs are documented with receipt and/or invoices. It is understood and agreed that all Program Grants paid pursuant to this Agreement shall come from currently available general revenues of the City and not directly from Sales Tax Revenues. Grantee Xxxxxxx understands and agrees that any revenues of the City other than those dedicated for payment of a given annual Program Grant pursuant to this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Grantee.

Appears in 1 contract

Samples: Economic Development Program Agreement

Deadline for Payments and Source of Funds. Construction of Eligible Improvements must be completed within one (1) year of grant application approvalby the Completion Deadline. Payment of the Program Grant will be made after all work has been satisfactorily completed according to terms of approved grant application this Agreement and all costs are documented with receipt and/or invoices. It is understood and agreed that all Program Grants paid pursuant to this Agreement shall come from currently available general revenues of the City and not directly from Sales Tax RevenuesCity. Grantee understands and agrees that any revenues of the City other than those dedicated for payment of a given annual the Program Grant pursuant to this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule Type-A general law municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Grantee.

Appears in 1 contract

Samples: Economic Development Program Agreement

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Deadline for Payments and Source of Funds. Construction of Eligible Improvements improvements must be completed within one (1) year of grant application approval. Payment will be made after all work has been satisfactorily completed according to terms of approved grant application and all costs are documented with receipt and/or invoices. It is understood and agreed that all Program Grants paid pursuant to this Agreement shall come from currently available general revenues of the City and not directly from Sales Tax Revenues. Grantee understands and agrees that any revenues of the City other than those dedicated for payment of a given annual Program Grant pursuant to this Agreement may be used by the City for any lawful purpose that the City deems necessary in the carrying out of its business as a home rule municipality and will not serve as the basis for calculating the amount of any future Program Grant or other obligation to Grantee.

Appears in 1 contract

Samples: Economic Development Program Agreement

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