New Community Authority Sample Clauses

New Community Authority. In order to provide additional means to fund public infrastructure improvements, throughout the term of this Agreement and to the extent permitted by applicable law, the Township shall be permitted to pursue the creation of one or more NCAs for any portion of the Cooperative District. Unless a final development plan has already been approved by the Township under the provision of a Township Overlay District on or prior to the date of this Agreement, the Township agrees to require the owner of any parcel seeking final development plan approval or rezoning for that owner’s parcel, as a condition of approval of a rezoning of real property or approval of any final development plan within the Cooperative District, to join an existing NCA or form a new NCA, in cooperation with the Township, and subject that owner’s parcel to one or more community development charges as determined at the time of the NCA formation or amendment and in cooperation with the Township. Township shall diligently pursue the approval of each NCA Petition by the Commissioners, and City agrees to provide its reasonable support thereof, including, without limitation, providing a representative to attend any hearing(s) before the Commissioners relating to the formation and administration of the NCA.
Sample 1
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New Community Authority. In order to provide additional means to fund public infrastructure improvements, throughout the term of this Agreement and to the extent permitted by applicable law, the Township shall be permitted to pursue the creation of one or more NCAs for any portion of the Cooperative District. Unless a final development plan has already been approved by the Township under the provision of a Township Overlay District, the Township agrees to require, as a condition of approval of a rezoning of real property or approval of any final development plan within the Cooperative District. Township shall diligently pursue the approval of each NCA Petition by the Commissioners, and City agrees to provide its reasonable support thereof, including, without limitation, providing a representative to attend any hearing(s) before the Commissioners relating to the formation and administration of the NCA.
Sample 1
New Community Authority. Developer acknowledges that pursuant to the terms of this Development Agreement, it is obligated to consent to the inclusion of the Project Site pursuant to Chapter 349 of the Revised Code into the Franklin NCA and that the application (the “Application”) providing for the expansion of the Franklin NCA and related supplemental declarations shall provide for the collection of a community development charge (the “CDC”) in an amount equal to an additional amount not to exceed 5 xxxxx (the “Additional CDC”). The Parties agree that the Parties will work cooperatively to submit the Application to the City to add the Project Site to the Franklin NCA, and to impose and collect the Additional CDC, and the board of trustees of the Franklin NCA shall ensure that one or more representatives from businesses within the Franklin NCA are represented on the board pursuant to Ohio law.
Sample 1
New Community Authority. Developer acknowledges that pursuant to the terms of this Agreement, it is obligated to consent to the inclusion of the Project Site pursuant to Chapter 349 of the Revised Code into a new community authority district (“the Franklin NCA”) and that the petition (the “Petition”) providing for the expansion of the Franklin NCA and related declarations shall provide for the collection of a community development charge (the “CDC”) in an amount not to exceed the amount of real property taxes abated by operation of the CRA abatement (the “Replacement CDC”), plus an additional amount not to exceed 5 xxxxx (the “Additional CDC”). When the CRA abatement for the Project Site ends, the Replacement CDC shall be removed from the Project Site, and the Additional CDC will remain. The Parties agree that: (a) the Parties will work cooperatively to add the Project Site to the Franklin NCA, (b) the Petition providing for the creation of the Franklin NCA, among other matters, will provide that a CDC shall be levied in an amount not to exceed the Replacement CDC, plus the Additional CDC, on all real property within the Project Site located within the Franklin NCA, (iii) the board of trustees of the Franklin NCA shall ensure that one or more representatives from businesses within the Franklin NCA are represented on the board pursuant to Ohio law. Exhibit A
Sample 1
New Community Authority 
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Related to New Community Authority

  • Governing Law, Regulatory Authority, and Rules The validity, interpretation and enforcement of this Agreement and each of its provisions shall be governed by the laws of the state of New York, without regard to its conflicts of law principles. This Agreement is subject to all Applicable Laws and Regulations. Each Party expressly reserves the right to seek changes in, appeal, or otherwise contest any laws, orders, or regulations of a Governmental Authority.

  • Statutory Authority Connecticut General Statute §§ 10a-104, 10a-108, 4a-52a, and 10a-151b provide the University with authority to enter into contracts in the pursuit of its mission.

  • SIGNATORY AUTHORITY The signatories to this Agreement covenant and warrant that they have authority to execute this Agreement. By signing below, the undersigned agrees to the above terms and conditions.

  • Decision-Making Authority BMS shall have the sole decision-making authority for the operations and Commercialization strategies and decisions, including funding and resourcing, related to the Commercialization of Products; provided that such decisions are not inconsistent with the express terms and conditions of this Agreement, including BMS’ diligence obligations set forth in Section 5.1.

  • Company Authority The Company has all requisite corporate power and authority to enter into and perform this Agreement and to consummate the transactions contemplated herein.

  • COMPETENT SUPERVISORY AUTHORITY Identify the competent supervisory authority/ies in accordance with Clause 13

  • Authority of Company The Company has all requisite authority to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Authority of the Company To carry out its purposes, the Company, consistent with and subject to the provisions of this Agreement and applicable law, is empowered and authorized to do any and all acts and things incidental to, or necessary, appropriate, proper, advisable, or convenient for, the furtherance and accomplishment of its purposes.

  • Regulatory Authority If any regulatory authority having jurisdiction (or any successor boards or agencies), a court of competent jurisdiction or other Governmental Authority with the appropriate jurisdiction (collectively, the ''Regulatory Body'') issues a rule, regulation, law or order that has the effect of cancelling, changing or superseding any term or provision of this Agreement (the ''Regulatory Requirement''), then this Agreement will be deemed modified to the extent necessary to comply with the Regulatory Requirement. Notwithstanding the foregoing, if a Regulatory Body materially modifies the terms and conditions of this Agreement and such modification(s) materially affect the benefits flowing to one or both of the Parties, as determined by either of the Parties within twenty (20) business days of the receipt of the Agreement as materially modified, the Parties agree to attempt in good faith to negotiate an amendment or amendments to this Agreement or take other appropriate action(s) so as to put each Party in effectively the same position in which the Parties would have been had such modification not been made. In the event that, within sixty (60) days or some other time period mutually agreed upon by the Parties after such modification has been made, the Parties are unable to reach agreement as to what, if any, amendments are necessary and fail to take other appropriate action to put each Party in effectively the same position in which the Parties would have been had such modification not been made, then either Party shall have the right to unilaterally terminate this Agreement forthwith.

  • Signing Authority Will the above-named Partner be able to sign contracts on behalf of the Partnership? ☐ Yes ☐ No Partner 2: with a mailing address of . a.) Ownership: %

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