Expendable Personal Property Sample Clauses

Expendable Personal Property. Expendable personal property shall vest in Grantee upon acquisition. If there is a residual inventory of such property exceeding $5,000.00 in total aggregate fair market value upon completion of the Grant Project, Grantee may retain the property for other activities, or sell it, but must in either case compensate Grantor for its share. The amount of compensation shall be computed in the same manner as Non- Expendable Personal Property. If Grantee has no further need for and is unable to sell the property, Grantee shall request disposition instructions from Grantor.

Expendable Personal Property. Expendable personal property refers to all tangible personal property other than non-expendable personal property. The SUB-RECIPIENT shall not purchase or agree to purchase expendable personal property with a unit value of three hundred dollars ($300.00) or more per unit without the prior written approval of the CITY.

Expendable Personal Property. This contract provides for the payment of acquisition expenses associated with the real property located at ▇▇▇▇ ▇. ▇▇▇▇▇▇, and payment of construction costs incurred in connection with the renovation/rehabilitation of the existing real property located at ▇▇▇▇ ▇. ▇▇▇▇▇▇, in order to provide 56 units of affordable housing. Ownership of any real estate property and/or buildings renovated/rehabilitated with funding provided under this agreement may not be sold or otherwise transferred, without approval of the City Council of the City of Wichita.