District Funds. The Board will annually budget funds for maintaining and upgrading skills pertinent to employees' current positions. Application for the use of such funds will be made through the district-based supervisor.
District Funds. The District’s funds shall be established and maintained by the Treasurer separate and apart from all other funds that may be under the custody of the Treasurer. The Board shall establish a General Fund for the operation and administration of the District. The District’s funds shall be subject to the laws of the State concerning the investment and management of public funds, particularly Chapter 135 of the Revised Code, and shall be the responsibility of the Treasurer. The Treasurer of the District shall deposit or cause to be deposited in the General Fund the revenues received from income tax or from other sources for operating costs of the District. Money may be transferred from the General Fund to any other fund of the District by action of the Board. Any interest earned on money in any District fund shall be credited to that fund. Disbursements may be made from a District fund by the Treasurer at the direction of the Board for any proper purpose of the District, including but not limited to payment of operating costs, costs incurred in connection with the organization and meetings of the District, costs and expenses of studies undertaken relating to new programs that may be of benefit to the District, fees and expenses provided under the Contract or the Tax Agreement or of consultants and lawyers, payment of other operating expenses, and payment of other costs of programs or projects of the District. The Treasurer shall maintain records that account for all disbursements from the District funds. The Treasurer shall request the Administrator under the Tax Agreement to make quarterly reports to the Board concerning all contributions to and disbursements from the District’s funds during the preceding calendar quarter.
District Funds. District funds will be used to develop workshops, classes, speakers and other staff development activities of a District-wide interest with recommendations from the District Site Council.
District Funds. Pursuant to the SIA, concurrently with the execution of this Escrow Agreement, the District has deposited $1,523,532.65 with Escrow Agent (the “District Funds”). Escrow Agent will deposit the District Funds into the Escrow Account and will disburse the District Funds only in accordance with this Escrow Agreement. In the event the amount reimbursed to the Developer for the Public Improvements under the Reimbursement Agreement exceeds the District Funds (an “Increase”), the District will deposit additional funds equal to 115% of the Increase into the Escrow Account and the District Funds will be deemed to have increased by the amount of such deposited additional funds, and such additional funds will be disbursed pursuant to the terms and conditions of this Agreement.
District Funds. The District agrees to compensate the City one hundred percent (100%) of the City’s actual costs associated with engineering design, right-of-way acquisition, utility coordination, and construction for the Project in a total amount not-to- exceed $1,000,000.00, in accordance with the disbursement procedure outlined in Section I (B) above. The District shall disburse funds to the City after receipt of documentation to the District’s reasonable satisfaction and submitted in a form sufficient to allow the District to review, inspect and approve the City’s invoices. The amount of District Funds described above also includes the estimated cost of the permanent and temporary easements that the City will pay to the property owners for acquiring the property rights necessary to construct the Project in accordance with this Agreement. In the event that the initial amount of District Funds authorized hereunder is insufficient to fully compensate the City up to one hundred percent (100%) of the City’s actual costs associated with the engineering design, right-of-way acquisition, utility coordination, and construction for the Project, the District and the City shall negotiate in good faith whether the District will add additional funds to this Agreement through an Agreement amendment.
District Funds. The District agrees to reimburse the City up to fifty percent (50%) of the City’s actual costs associated with the Project in a total amount not-to-exceed Thirty-Nine Thousand Eight Hundred Thirty-Four Dollars ($39,834.00) (the “District Funds). The District shall reimburse the City after receipt of documentation to the District’s reasonable satisfaction and submitted in a form sufficient to allow the District to review, inspect and approve the City Engineer’s invoices. In the event that the initial amount of District Funds authorized hereunder is insufficient to fully reimburse the City up to fifty percent (50%) of the City’s actual costs associated with the Project, the District and the City shall discuss in good faith whether additional District funds will be added to this Agreement through an Agreement amendment.
