Evidence of Financial Ability of Redeveloper. The Redeveloper shall within sixty (60) days of the execution of this Agreement provide to the City on a confidential and privileged basis evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with redevelopment of the Project Area. Such information shall state the amount of loan commitments and source of liquid assets on hand or immediately available to the Redeveloper for design and construction of the Redeveloper Project Improvements. Such information shall be provided in a form satisfactory to the Finance Director of the City.
Evidence of Financial Ability of Redeveloper. The Redeveloper shall provide to the City on a confidential and privilege basis evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the Project Site. Such information shall state the amount and source of liquid assets on hand or immediately available to the Redeveloper for use in the Project; and shall state the amount and source of debt financing which is available, or irrevocably committed, to the Redeveloper for use in the Project Site. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the Finance Director of the City shall be a condition precedent to the requirement of the City to proceed with its obligations under this Agreement. Executed by City this day of , 2011. By: City Clerk Xxxxx Xxxxxxx, Mayor of Lincoln STATE OF NEBRASKA ) )ss. COUNTY OF LANCASTER ) The foregoing instrument was acknowledged before me this day of , 2011, by Xxxxx Xxxxxxx, Mayor of the City of Lincoln, Nebraska, a municipal corporation, on behalf of the municipal corporation. Notary Public Executed by Redeveloper this day of , 2011. By: Woodbury Corporation, a Utah corporation, as Manager By Title: STATE OF ) )ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 2011, Woodbury Corporation, a Utah corporation, as Manager of the BLOCK 21 L.L.C., a Nebraska limited liability company, on behalf of the limited liability company. Notary Public TIF Analyis prepared by: Xxxx Xxxxxxx # Public TIF Improvements Funds Used Total Construction: $ 21,098,808 1 Site Work $ 50,000 80% of Value $ 16,879,046 3 Utilities / Infrastructure $ 375,000 Land Value $ 628,100 4 Streetscape $ 475,000 Not to Protest Number $ 17,507,146 5 Docks $ 400,000 TIF Calculation: 6 Plaza $ 350,000 Parcel Size Square Feet 25,123 7 Streets & Paving $ 280,000 Parcel Value $ 628,100 9 Public Art $ 200,000 Increment Created $ 16,879,046 8 Façade $ 645,552 Tax Rate 2.0% Annual Tax Increase $ 339,581 Total Block 21 TIF Expenditures $ 2,775,552 Debt Service Coverage 1.2 Total Debt Payment $ 282,984 # of Years 15 Inte...
Evidence of Financial Ability of Redeveloper. The Redeveloper has provided to the City on a confidential and privileged basis evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the Redevelopment Project Area. Executed by City this day of , 2009.
Evidence of Financial Ability of Redeveloper. The Redeveloper shall provide to the City on a confidential and privilege basis evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the Project Site. Such information shall state the amount and source of liquid assets on hand, irrevocably committed to the Redeveloper, for use in the Redevelopment Project; and shall state the amount and source of debt financing which is irrevocably committed to the Redeveloper for use in the Redevelopment Project. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the Finance Director of the City shall be a condition precedent to the requirement of the City to proceed with its obligations under this Agreement.
Evidence of Financial Ability of Redeveloper. The Authority acknowledges that the Redeveloper has previously provided to the Authority, on a confidential and privileged basis, evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the Project Site.
Evidence of Financial Ability of Redeveloper. Redeveloper shall provide to the City evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of Redeveloper in connection with the Phase One and Phase Two Redevelopment Projects. Such information shall state the amount and source of liquid assets on hand or immediately available to Redeveloper for use in the Project and shall state the amount and source of debt financing which is available, or irrevocably committed, to Redeveloper for use in the Project. This financial information shall verify the sources of funding reflected on the “Sources and Uses” of funding attached as Exhibit “C” and incorporated by this reference and shall be provided to Finance Director of the City before the bond ordinance is approved by the City. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan.
Evidence of Financial Ability of Redeveloper. The Redeveloper shall provide to the Authority on a confidential and privileged basis evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the Project Site. Such information shall state the amount and source of liquid assets on hand or immediately available to the Redeveloper for use in the Project; and shall state the amount and source of debt financing which is available, or irrevocably committed, to the Redeveloper for use in the Project Site. Such information shall be provided in a form satisfactory to the Finance Director of the Authority, and evidence of loan commitments shall include all the Super Market Developers, Inc documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the Finance Director of the Authority shall be a condition precedent to the requirement of the Authority to proceed with its obligations under this Contract. The approval of the Finance Director shall not be unreasonably withheld.
Evidence of Financial Ability of Redeveloper. Redeveloper shall provide in confidence to the City Finance Director such evidence of availability of finances necessary for purposes of carrying out the commitments of Redeveloper in connection with the construction of the Private Improvements as the City may reasonably require. Such information shall state the amount and source of capital and/or debt financing which is available, or irrevocably committed, to Redeveloper for construction of the Private Improvements and Public Enhancements. Submittal of such financial information in a form satisfactory to the Finance Director of the City shall be a condition precedent to the City's obligations under Article V of this Agreement.
Evidence of Financial Ability of Redeveloper. The Redeveloper shall provide to the City on a confidential basis (subject to the City’s obligation under Nebraska law to disclose public records which may not be withheld from the public) evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of the Redeveloper in connection with the construction of the Redeveloper Improvements. Such information shall state the amount and source of liquid assets on hand or immediately available to the Redeveloper for use in the Project; and shall state the amount and source of debt financing which is available, or irrevocably committed, to the Redeveloper for use in the construction of the Redeveloper Improvements. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. Submittal of such financial information in a form satisfactory to the Finance Director of the City shall be a condition precedent to the requirement of the City to proceed with its obligations under this Agreement.
Evidence of Financial Ability of Redeveloper. Redeveloper shall provide to the City evidence of availability of the specific amount of finances necessary for purposes of carrying out the commitment of Redeveloper in connection with the Phase One Project. Such information shall state the amount and source of liquid assets on hand or immediately available to Redeveloper for use in the Phase One Project and shall state the amount and source of debt financing which is available, or irrevocably committed, to Redeveloper for use in the Phase One Project. This financial information shall be provided to Finance Director of the City before the bond ordinance is approved by the City. Such information shall be provided in a form satisfactory to the Finance Director of the City, and evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan.
