Economic Development Grant Calculation and Funding Sample Clauses

Economic Development Grant Calculation and Funding. City is obligated to pay to Owner or Village Center Local Government Corporation one or more payments in the amounts indicated by applying the calculations referenced in Sections 5.2, 5.3 and 5.4 hereof, from any lawful source other than Ad Valorem Tax Revenues or Hotel Occupancy Tax Revenues (except as provided in Section 5.4 hereof) as described in Sections 5.2 and 5.3.1 hereof during the Term, subject to the satisfaction of Owner’s Performance Criteria and Owner’s timely and full compliance with all applicable terms and conditions contained in this Agreement. The portion of the Economic Development Xxxxx to be paid to Owner shall not exceed twenty-nine million, two hundred fifty thousand Dollars ($29,250,000) over the life of the transaction. This aggregate cap on the Economic Development Grant payments shall not apply to any Hotel Occupancy Tax Payments made to Village Center Local Government Corporation, which payments shall not be capped. In recognition of the fact that a portion of the Economic Development Grant will be, by necessity, calculated and paid after taxes have been levied by and paid to City and, therefore, will always be paid in arrears, City’s obligation to pay installments of the Economic Development Grant to Owner shall cease when all Economic Development Grant payments accruing to Owner with respect to the period from the Effective Date through the conclusion of the Term have been paid in full by City to Owner.
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Economic Development Grant Calculation and Funding. City is obligated to pay to Owner one or more payments in the amounts indicated by applying the calculations referenced in Sections 5.2 from any lawful source other than Ad Valorem Tax Revenues subject to the satisfaction of Owner’s Performance Criteria and Owner’s timely and full compliance with all applicable terms and conditions contained in this Agreement. The portion of the Economic Development Grant to be paid, and the timing in which it is to be paid to Owner is defined in Section 5.2.
Sample 1

Related to Economic Development Grant Calculation and Funding

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets:

  • Economic Development 1. The Parties aim to promote balanced economic growth, poverty reduction and the reduction of social-economic disparities.

  • Termination of Development Grant Agreement The obligations of the Recipient under the Development Grant Agreement shall terminate on the date 20 years after the date of the Development Grant Agreement.”

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • DEVELOPMENT OR ASSISTANCE IN DEVELOPMENT OF SPECIFICATIONS REQUIREMENTS/ STATEMENTS OF WORK Firms and/or individuals that assisted in the development or drafting of the specifications, requirements, statements of work, or solicitation documents contained herein are excluded from competing for this solicitation. This shall not be applicable to firms and/or individuals providing responses to a publicly posted Request for Information (RFI) associated with a solicitation.

  • Faculty Development Faculty who develop and/or teach Distance Education courses shall be provided with reasonable technical support and opportunities for Faculty development, consistent with the needs of the Faculty and availability of Board resources and services for that purpose. In the event that a Faculty member develops and/or teaches a Distance Education course for the first time, the Faculty member shall receive reasonable and appropriate professional development and technical support assistance, consistent with the needs of the Faculty and availability of Board resources and services for that purpose. In instances of succeeding assignments to teach Distance Education courses, the Faculty member is expected to demonstrate a level of technical competence sufficient to teach the course. Ongoing technical support assistance may be available to Faculty who teach succeeding offerings of the same course.

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Staff Development ‌ The County and the Association agree that the County retains full authority to determine training needs, resources that can be made available, and the method of payment for training authorized by the County. Nothing in this subsection shall preclude the right of an employee to request specific training.

  • Implementation of Strategic Plan Goals This Agreement supports the County’s Strategic Plan, Goal 1, Operational Effectiveness/Fiscal Sustainability. This Agreement will provide revenue reimbursement to the Department for services rendered.

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

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