Obligation of City. Neither the City nor the CFD has a legal or financial obligation to construct the Acquisition Improvements. All costs incurred for actual construction of the Acquisition Improvements, including all incidentals thereto, shall be borne by Developer, and the obligations of the City and CFD are limited to the acquisition of the Acquisition Improvements pursuant to the provisions of this Agreement.
Obligation of City. In consideration of Developer entering into this Agreement, City agrees that it will comply with this Agreement, the Approvals that are consistent with the Agreement, and the Subsequent Approvals that are consistent with the Agreement (once approved).
Obligation of City. The total dollar amount of economic incentives shall not exceed 20% of Developer’s estimated Project costs of $1,820,000. As a result, the maximum City approved TIF #1 incentives eligible to be paid to Developer would be $364,000.00. This maximum is calculated based on 20% of the estimated City approved eligible project costs in the Developer application (20% x $1,820,000) The Parties understand and agree TIF #1 is set to expire twenty-three (23) years from creation on April 23, 2018, expiring April 22, 2041. As a result, City agrees to provide assistance to the Developer under this Agreement until the date of expiration of April 22, 2041, the end of TIF #1 as it is currently established, or until the aforementioned cap is reached, or until there are no additional TIF eligible expenses to reimburse under the TIF Act, whichever occurs first. If any of the dates stated in this Agreement regarding the beginning or end of TIF #1 are not stated correctly, the legal dates established and confirmed by St. Clair County, IL will control. Only incentive money from the TIF #1 fund will be paid out as an incentive for this project, and there is no cause of action for breach of this agreement if the creation and end dates for TIF #1 are incorrectly stated herein. It is the sole responsibility of Developer to ensure the Property is wholly located within TIF # 1 and is eligible for any TIF #1 payments. Funding assistance is broken down as follows: Total Estimated TIF #1 District Eligible Costs: $1,820,000.00 The City may reimburse 50% of the City’s portion of property taxes from the incremental EAV generated by the purchase and development of the Property (reimbursements for expenses that qualify for payment under the TIF Act) up to the end of TIF #1 (in approximately 2041), or until the maximum funding amount is reached in combination with any other funding assistance from City, or until there are no additional TIF eligible expenses to reimburse under the TIF Act, whichever occurs first: The present base EAV, as provided by Developer, for assessment year 2022 is $222.00. Developer’s estimated EAV after redevelopment and completion of the Project is $25,000.00. Based on Developer’s estimate, the estimated EAV increase is estimated to be $24,778.00 upon completion of the Project. 50% of the property taxes from the estimated increase in EAV is $12,389.00. City’s estimated payment to Developer annually, for up to eighteen (18) years, assuming there are eighteen (18) years l...
Obligation of City. To assist in meeting the schedule and budget estimates contained in this Agreement, the City will provide the following:
Obligation of City. 3.04.1 The City's obligation for payment under this Agreement, if any, is limited to funds received from a grant from the Federal Emergency Management Agency (FEMA) of the United States Department of Homeland Security and the current allocation set out in Section 3.05.2; unless adequate funds are received, the City shall have no obligation to pay Contractor/Subcontractor. Contractor/Subcontractor must look to these designated funds only and to no other funds for the City's payment under this Agreement.
Obligation of City. All construction costs for the Baseball Facility and the operating reserve must be underwritten by corporate foundations and individual contributions with no cost or obligation whatsoever to the City.
Obligation of City. During the term of this AGREEMENT, CITY hereby covenants and agrees to the following:
A. Upon the expiration of the term of this AGREEMENT, or upon the sooner termination thereof, and when surrendered, CITY will leave FACILITIES in as good order and condition as FACILITIES were at the beginning of their term of this AGREEMENT.
B. With respect to ACTIVE USE AREAS located on DISTRICT FACILITIES utilized by CITY, CITY will maintain, or cause to be maintained, as identified in site-specific agreements, turf in playing areas.
C. DISTRICT will have the right to make emergency repairs to facilities and improvements on active use areas.
D. Any obligation for the custodial service necessary to keep CITY FACILITIES in a neat, orderly, and sanitary condition at all times during its use thereof under this AGREEMENT will be the CITY’S responsibility.
E. Allow no vehicles to enter upon DISTRICT FACILITIES except as may be necessary and authorized for the limited purposes of maintenance, operation, and delivery of goods and services or in designated public parking lots.
F. Appoint an employee with whom DISTRICT, or any other authorized agent of DISTRICT, may confer regarding the terms of this AGREEMENT.
G. Enforce all DISTRICT rules, regulations, and policies provided by the DISTRICT while directing community recreational and educational activities on DISTRICT FACILITIES.
H. Provide personnel necessary for the direction or supervision of activities sponsored by the CITY at DISTRICT FACILITIES.
I. Perform the normal maintenance of its own CITY FACILITIES as required under normal working conditions and fair wear and tear, unless otherwise addressed in a site- specific agreement.
J. Permit DISTRICT to jointly use specialized CITY equipment. These include, but are not limited to Mobile Recreation Unit, Mobile Skate Park Truck and Show Wagon. CITY will provide operators and staff for such equipment, vehicles, and services. Request for specialized CITY equipment, vehicles, and services must be submitted on the approved standard form 15 days prior to event date.
K. Permit DISTRICT to jointly use specialized CITY equipment at no cost including but not limited to, TV/VCR, overhead projectors, etc. Request for specialized CITY equipment must be submitted on the approved standard form 15 days prior to event date.
L. CITY will hold user groups responsible for picking up trash and debris at school sites and parks and depositing it into the proper trash bins. Fields and adjoining area...
Obligation of City. For the term set out in this Fire Service Contract, the City shall provide, through the Rome-Xxxxx Fire Department, Fire Service to the unincorporated
Obligation of City. If a determination is made that increases described in 1 Subsection G-2 must be paid, COUNTY thereafter shall include the pro-rata 2 charges for such increases in its monthly invoices to CITY for the balance 3 of the period between July 1, 2022 and June 30, 2023.
Obligation of City. If a determination is made that increases or decreases
