Developer/Authority Grant Applications Sample Clauses

Developer/Authority Grant Applications. Developer and the Authority will cooperate in efforts to obtain available public grant funding to undertake the Minimum Improvements, including but not limited to grants from funding from metropolitan, state, county, and federal sources identified by the Authority or Developer as reasonably available. Costs of preparing the grant applications and preparing required reports shall be borne by Developer. City staff shall have the final authority to review and submit the grant applications to the applicable agency. To the extent additional grant funds not reflected in the TIF Pro Forma are obtained, any such amounts shall be taken into consideration by the Authority when the Authority reviews the updated TIF Pro Formas and other information under Article III prior to issuing the TIF Notes. Developer shall reasonably cooperate with the City and the Authority with respect to the administration of any grants received from Hennepin County, Metropolitan Council, or State of Minnesota to support the construction of the Minimum Improvements.

Developer/Authority Grant Applications. The Developer and the Authority will cooperate in efforts to obtain available public grant funding to undertake the Project, including but not limited to the Transit Oriented Development, Tax Base Revitalization Account, and Livable Communities Demonstration Account grants from the Metropolitan Council, Department of Employment and Economic Development funding for environmental remediation, and any other funding from metropolitan, state, county and federal sources identified by the Authority or the Developer as reasonably available. To the extent additional grant funds not reflected in the TIF Pro Forma are obtained, the amount shall first fund any unanticipated costs or revenue shortfalls of the Project then to reduce the principal amount of the TIF Note. To the extent the funds from any of the sources identified in this Section 9.7 is less than the amount shown in the TIF Pro Forma, the City or Authority will provide funds, from City or Authority resources, up to five hundred thousand dollars ($500,000.00) to pay the costs of items specified in the respective grant application.