Common use of PROJECT FUNDING Clause in Contracts

PROJECT FUNDING. The amount of DIP funding is at the discretion of the DDA Board or staff as directed by the Board criteria and subject to available funding. DIP funding will be evaluated on a case-by-case basis and will be based on an application’s compliance with the standards and criteria set forth in section D. The DDA may establish a scoring system for evaluating applications as needed. DIP funding is limited to no more than twenty-five (25) percent of the total project costs up to a maximum of $10,000 of DDA funding, except that restaurants and other relevant uses identified in related downtown plans, and determined by the DDA Board to be a priority project for the downtown, may receive funding exceeding $10,000 and twenty-five (25) percent of the total project costs.

Appears in 2 contracts

Samples: Intergovernmental Agreement, Intergovernmental Agreement

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PROJECT FUNDING. The amount of DIP funding is at the discretion of the DDA Board or staff as directed by the Board criteria and subject to available funding. DIP funding will be evaluated on a case-by-case basis and will be based on an application’s compliance with the standards and criteria set forth in section D. The DDA may establish a scoring system for evaluating applications as needed. DIP funding is limited to no more than twenty-five (25) percent of the total project costs up to a maximum of $10,000 of DDA funding, except that restaurants and other relevant uses identified in related downtown plans, and determined by the DDA Board to be a priority project for the downtown, may receive funding exceeding $10,000 and twenty-five (25) percent of the total project costs.

Appears in 2 contracts

Samples: Intergovernmental Agreement, Intergovernmental Agreement

PROJECT FUNDING. The amount of DIP funding is at the discretion of the DDA Board or staff as directed by the Board criteria and is subject to available funding. DIP funding will be evaluated on a case-by-case basis and will be based on an application’s compliance with the following standards and criteria set forth in section D. criteria. The DDA may establish a scoring system for evaluating applications as needed. DIP funding is limited to no more than twenty-five (25) percent of the total project costs up to a maximum of $10,000 of DDA funding, except that restaurants and other relevant uses identified in related downtown plansthe Arts and Entertainment District Strategic Report and Action Program, and determined by the DDA Board to be a priority project for the downtown, may receive funding exceeding $10,000 and twenty-five (25) percent of the total project costs.

Appears in 1 contract

Samples: Intergovernmental Agreement

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PROJECT FUNDING. The amount of DIP funding is at the discretion of the DDA Board or staff as directed by the Board criteria and subject to available funding. DIP funding will be evaluated on a case-by-case basis and will be based on an application’s compliance with the standards and criteria set forth in section D. The DDA may establish a scoring system for evaluating applications as needed. DIP funding is limited to no more than twenty-twenty- five (25) percent of the total project costs up to a maximum of $10,000 of DDA funding, except that restaurants and other relevant uses identified in related downtown plansthe Arts and Entertainment District Strategic Report and Action Program, and determined by the DDA Board to be a priority project for the downtown, may receive funding exceeding $10,000 and twenty-five (25) percent of the total project costs.

Appears in 1 contract

Samples: Intergovernmental Agreement

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