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: /s/ Xxxxxx X. Xxxxxxx, III XXXXXX X. XXXXXXX, III United States Attorney Western District of Tennessee XXXX X. XXXXXX, XX. Attorney General
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: XXXX X. XXXXXX, XX. Attorney General XXXXXX X. XXXXXXX, III United States Attorney Western District of Xxxxxxxxx XXXXXX X. XXXXX Assistant Attorney General Civil Rights Division XXX X. XXXXXX, XX. Deputy Assistant Attorney General Civil Rights Division XXXXXXXX X. XXXXX Section Chief Special Litigation Section XXXX X. XXXXXXX Deputy Chief Special Litigation Section XXXXXXX X. XXXXX XXXXX XXXXX Trial Attorneys United States Department of Justice Civil Rights Division 000 Xxxxxxxxxxxx Xxxxxx, XX Xxxxxxxxxx, XX 00000 Tel. (000) 000-0000 Fax. (000) 000-0000 For SHELBY COUNTY
Legislative Approvals. The disposition of public land requires a vote of the Quincy City Council Year Executed • 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. To download development agreement for New Quincy Center, Quincy, MA (2009) 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 “...
