Grant of Funds. Grantor hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by Grantor based on the number of natural gas and/or electric accounts served by Grantor in Grantee in accordance with NOPEC Policy in the amount determined by Grantor (“Funds”), for the purposes set forth in Grantee’s Grant Disbursement Request, as amended, and incorporated by reference into this Agreement.
Grant of Funds. In order to support redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redevelopment Project Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”) as shown in Exhibit “C”, to make a grant or grants to Redeveloper in the total amount of the TIF Proceeds less the City’s cost to issue the TIF Bond, subject to reimbursement as provided in Paragraph 20 below for Public Improvements. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Redevelopment Project Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. In consideration of its completion of its portion of the project, the City hereby grants to Grantee the sum of FIFTY THOUSAND DOLLARS AND NO CENTS ($50,000.00).
Grant of Funds. In order to support acquisition and redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redeveloper Improvements, the City agrees, to the extent allowed by law and then only to the extent funds (TIF Funds) are lawfully available from the issuance of the TIF Bond, to make a grant of TIF Bond proceeds (TIF Proceeds) to Redeveloper in the amount of $200,000, less the City=s cost of issuing the TIF Bond. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Project Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. NOPEC hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by NOPEC based on the number of natural gas and/or electric accounts served by NOPEC in Grantee in accordance with NOPEC Policy in the amount determined by NOPEC (“Funds”), for the purposes set forth in Grantee’s Grant Application, as amended, and incorporated by reference into this Agreement for the Project(s) described on Schedule(s) to this Agreement.
Grant of Funds. The City shall pay to the Company, on a reimbursement basis, an amount not to exceed xxxxx THOUSAND AND x HUNDRED AND x-x DOLLARS ($xx,xxx ) (“Grant”) for the Company’s completion of the Project (as defined above). Provided the Company is in compliance with the terms and conditions of this Agreement, the City shall make such payment within thirty (30) days after the Company’s request for payment of the Grant funds and submission of invoices and any other information necessary to substantiate compliance. Nothing herein shall be construed to grant the City any ownership interests in the Project, and the City shall have no liability whatsoever related to the Project.
Grant of Funds. In order to support redevelopment of the Phase One Project Site and as an inducement for the Redeveloper to construct the Phase One Improvements, the City agrees, to the extent allowed by law and then only to the extent that Phase One TIF Proceeds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”), to make a grant or grants to Redeveloper in the total amount of the Phase One TIF Proceeds less the City’s cost to issue the TIF Bond (“Grant Funds”), to reimburse Redeveloper for the cost of the Specific Phase One Private Improvements, Phase One Public Enhancements and City Public Improvements identified in Section 304 below. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the expenditures were eligible Phase One Project Costs. Any ineligible use of the Grant Funds shall immediately be repaid to the City.
Grant of Funds. In order to support redevelopment of the Redeveloper Property and as an inducement for Redeveloper to construct its Project Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the TIF Tax Revenues as shown in Exhibit “C”, to make a grant or grants to Redeveloper to reimburse Redeveloper for its cost to construct its Public Improvements, subject to Redeveloper reimbursing the grants to the City in the event the Redeveloper fails to timely complete its Private Improvements as provided in Paragraph 18 below. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the cost of the Public Improvements. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. Grantor hereby grants funds to Grantee from the Third Frontier Action Fund (TFAF) in the amount of One Million One Hundred Seventy Five Thousand Three Hundred Twenty One and NoI100 Dollars ($1,175,321.00) (the "Funds"), for the purposes set forth in Exhibit I, the Grantee's Proposal, as amended (hereinafter referred to as the "Project") which is not attached hereto but `Which is incorporated herein as referenced, submitted in response to the Request for Proposal for the Third Frontier Action Funds which closed on July 23, 2003, Exhibit II, which is attached hereto and made a part hereof (hereinafter referred to as the "RFP"). Of the total funds granted herein, the amount of One Hundred Seventeen Thousand Five Hundred Thirty Two and No/100 Dollars ($117,532.00), which shall represent ten percent (10%) of the total amount of this Agreement, shall be payable to Grantee in a lump sum upon the signing of this Agreement and approval of the Grantee's request for payment and Grantor obtaining the advance written approval of its
Grant of Funds. In consideration of its completion of its portion of the project, the City hereby grants to Grantee the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS AND NO CENTS ($220,000.00).
