Redeveloper Contributions Sample Clauses

Redeveloper Contributions. (1) As a material inducement to the decision by the City to enter into this Agreement and to confer upon the Redeveloper the rights granted by this Agreement in respect of the Redevelopment Project, in the event Redeveloper constructs the Project, the Redeveloper shall construct (or cause to be constructed) the Infrastructure Improvements, as a component of the Project, solely at its own cost and expense (but including funds made available by the City from the proceeds of the Redevelopment Area Bonds). (2) Before commencing work on any of the above-referenced components of the Infrastructure Improvements (each, a “Component”), to the extent not already submitted to the City building official as part of Redeveloper’s building permit plan set submissions, the Redeveloper shall submit to the Director for approval (i) a proposed project budget and (ii) proposed plans and specification. In the case of physical improvements, the plans and specifications shall include a conceptual rendering of the improvements that the Redeveloper intends to make. The Director will review the proposed budget and plans and specifications submitted by the Redeveloper, and shall either accept them or require them to be revised in accordance with the Director’s comments; provided, that the scope of any Component shall not be expanded, nor shall its cost be increased, beyond the description and estimated cost set forth above for each such Component. (3) Upon completion of each Component of the Infrastructure Improvements, the Redeveloper shall notify the Director, and the Director shall assess whether such Component has been provided in accordance with the approved project budget and plans and specifications. A Certificate of Completion for the Redevelopment Project shall not be issued unless the Director has first determined that each and every Component of the Infrastructure Improvements has been completed in accordance with this paragraph. (4) The Redeveloper acknowledges that the City has not made any statements, claims or guaranties as to the condition of any of the properties upon which the Infrastructure Improvements are to be undertaken by the Redeveloper, and that the City does not assume any responsibility or liability on account of such physical condition. The Redeveloper hereby releases the City from any and all responsibility, liability and claims for or arising out of the presence on or about such properties (including in the soil, air, structures and surface and subsurf...
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Redeveloper Contributions. (1) As a material inducement to the decision by the City to enter into this Agreement and to confer upon the Redeveloper the rights granted by this Agreement in respect of the Redevelopment Project, the Redeveloper hereby undertakes to construct, solely at its own cost and expense, the following additional improvements in the vicinity of the Project Site, which additional improvements shall not be considered part of the Redevelopment Project (collectively, the “Additional Improvements”), each of which shall be subject to the cooperation of applicable required third-parties and subject to commercially reasonable procurement of all required permits, approvals and consents to do so: a. Redeveloper shall provide for the design, financing and completion of the repaving of Reock Street from South Day Street to South Center Street. The Redeveloper hereby represents that the estimated cost of this component of the Additional Improvements is $125,000. b. In reasonable consultation with the Police Department, Redeveloper shall provide for the improvement of the Officer Xxxxx Xxxxxxxx monument. The Redeveloper hereby represents that the estimated cost of this component of the Additional Improvements is $75,000, which cost is exclusive of acquisition costs of the applicable NJDOT Parcel. c. In furtherance of the overall redevelopment of the Redevelopment Area and surrounding areas, notwithstanding the fact that the building located on Block 2805, Lot 2 [Ra-Ra’s] is not located within the Project Site, Redeveloper shall undertake the demolition of such building. The Redeveloper hereby represents that the estimated cost of this component of the Additional Improvements is $50,000. d. Redeveloper shall install exterior security cameras and I.P. addresses on and around the Project sufficient to provide uninterrupted WiFi access to the nearby NJ Transit rail station, with all such information to be linked directly to provide for police access. The Redeveloper hereby represents that the estimated cost of this component of the Additional Improvements is $50,000. e. Redeveloper shall provide pavers and lights for a pedestrian path connecting the Project with the nearby NJ Transit rail station (including along Railroad Place). The Redeveloper hereby represents that the estimated cost of this component of the Additional Improvements is $80,000. f. Redeveloper shall construct a sidewalk curb extension (“bulb out”) at a pedestrian crosswalk along Freeway Drive West. The Redevelope...
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Related to Redeveloper Contributions

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

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