Legislative Approvals Clause Samples
The Legislative Approvals clause requires that certain actions or agreements are contingent upon receiving necessary approvals from legislative bodies or government authorities. In practice, this means that a contract or transaction cannot proceed until all required permissions, such as those from a city council or regulatory agency, have been formally granted. This clause ensures that the parties comply with applicable laws and regulations, preventing the agreement from being invalidated due to lack of proper governmental authorization.
Legislative Approvals. Certain implementation provisions of the Agreement may require additional appropriation of funds and/or budgetary amendments, which shall require approval of the Shelby County Board of Commissioners. JCMSC and SCG agree to present such funding requests to the Shelby County Board of Commissioners within thirty (30) days of becoming aware of the need for such requests. Agreed to this 17th day of December 2012 For the United States of America: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, III United States Attorney Western District of Tennessee ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Attorney General
Legislative Approvals. The disposition of public land requires a vote of the Quincy City Council • 2009 The New Quincy Center Development Agreement took the form of a Land Disposition Agreement (LDA), because the project required the acquisition of two City-owned parcels. The agreement calls for a private developer (a.k.a., “Redeveloper”) to acquire two City-owned parking facilities and 21 privately owned parcels in downtown Quincy within the 50 acre redevelopment area. When completed, the project will consist of 2.7 million square feet of space including: 571,000 square feet of retail space, 1 million square feet of office space, two hotels with a combined total of 280 rooms, and 735 residential units. The majority of the project will be new construction, but it also calls for the renovation of approximately 150,000 square feet of existing space. All parking will be structured, with the City acquiring 2,967 spaces, once complete, from the Redeveloper to operate as public parking. In the agreement, the project is divided into three major components: Core Public Improvements, Implementing Public Improvements, and Private Improvements. The Core Public Improvements are to be constructed by the City with a combination of State and Federal funding and are deemed necessary regardless of any private investment in the area. The Implementing Public Improvements (utilities, roadways, public spaces, and eight public parking facilities that are required to support the Private Improvements) and the Private Improvements themselves are to be constructed by the Redeveloper, with the City acquiring the Implementing Public Improvements upon completion and subject to specific financial terms. To finance the acquisition of the Implementing Public Improvements from the Redeveloper, the City plans to issue General Obligations bonds which will be retired through a unique funding mechanism. The LDA and subsequent contracts with the Redeveloper establish a series of payments from the Redeveloper to retire the bond financing pursuant to provisions of MGL Chapter 121A (Urban Development Corporations). A “121A corporation” is a special purpose entity recognized by the Secretary of the Commonwealth with the authority and power to carry out a redevelopment project approved by a municipality’s planning board, legislative body, and the Department of Housing and Community Development (referred to in the legislation as the “Housing Board”). Property owned by a 121A corporation is exempt from most local and state...
Legislative Approvals. Certain implementation provisions of the Agreement may require additional appropriation of funds and/or budgetary amendments, which shall require approval of the Shelby County Board of Commissioners. JCMSC and SCG agree to present such funding requests to the Shelby County Board of Commissioners within thirty (30) days of becoming aware of the need for such requests. Agreed to this day of December 2012 For the United States of America: ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Attorney General ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, III United States Attorney Western District of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Assistant Attorney General Civil Rights Division ▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Deputy Assistant Attorney General Civil Rights Division ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Section Chief Special Litigation Section ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Deputy Chief Special Litigation Section ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Trial Attorneys United States Department of Justice Civil Rights Division ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Tel. (▇▇▇) ▇▇▇-▇▇▇▇ Fax. (▇▇▇) ▇▇▇-▇▇▇▇ For SHELBY COUNTY