Fire District Payment Sample Clauses

Fire District Payment. Each year, the Fire District shall pay to the City all revenues received by the Fire District from the assessment and collection of its general operational mill levy (property tax), specific ownership tax, and interest earnings on such tax collections (collectively, the "Fire District Annual Contribution"); except that the Fire District shall be entitled to retain (a) an amount up to Twenty-Five Thousand Dollars ($25,000) annually ("Fire District Retained Funds") for the purpose of paying the Fire District's continuing costs of administration, including, but not limited to, insurance, administrative assistance, elections, statutory compliance, legal services, accounting and audit services, and all other administrative duties and obligations; and (b) such amount as the Fire District is required to retain pursuant to Article X, Section 20 of the Colorado Constitution for declared emergencies only ("XXXXX Reserves"). The amount of the Fire District Retained Funds may be increased at any time and from time to time upon the Parties' mutual written agreement.
Sample 1
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Fire District Payment. The Fire District will contribute the sum of $60,000.00 toward the construction of JTA’s Administrative and maintenance Facility to offset a portion of the cost of building the fuel facility. Such payment shall be made in a single lump sum within 30 days of JTA submitting to the Fire District an invoice. The Fire District’s payment shall not create any ownership interest in the bus barn or fuel facility and shall be considered solely as consideration for the right to use the fuel facility during the term of this Agreement.
Sample 1

Related to Fire District Payment

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