Sources of City Funds Sample Clauses

Sources of City Funds. Subject to the terms and conditions of this Agreement, including but nqt limited to this Section 4.03 and Section 5 hereof, the City hereby agrees to provide City funds from the sources and in the amounts described directly below (the "City Funds") to pay for or reimburse Developer for the costs of the TIF-Funded Improvements: Source of City Funds Incremental Taxes [[and/or TlF Bond Proceeds, if any]] Maximum Amount $8,050,757 provide·d, however, that the total amount of City Funds expended for TIF-Funded Improvements shall be an amount not to exceed the lesser of Eight Million Fifty Thousand Seven Hundred Fifty­ Seven and No/100 Dollars ($8,050,757); and provided .further, that the $8,050,757 to be derived from Incremental Taxes shall be available to pay costs related to TIF-Funded Improvements and allocated by the City for that purpose only so long as: The amount of the Incremental Taxes deposited into the TIF Fund shall be sufficient to pay for such costs; and The City has been reimbursed from Incremental Taxes for the amount previously disbursed by the City for TIF-Funded Improvements. Developer acknowledges and agrees that the City's obligation to pay for TIF-Funded Improvements up to a maximum of $8,050,757 is contingent upon the fulfillment of the conditions set forth in parts (i) and (ii) above. In the event that such conditions are not fulfilled, the amount of Equity to be contributed by Developer pursuant to Section 4.01 hereof shall increase proportionately. In the event of a reduction in TIF-Eligible costs due to a reduction in Project Costs, other sources
Sample 1
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Sources of City Funds. Subject to the terms and conditions of this Agreement, including but not limited to this Section 4.02 and Section 5 hereof and the terms and conditions of the TIF Loan Agreement, the City hereby agrees to issue the City Note to the TIF Lender on the Closing Date to evidence borrowings from the TIF Lender for the uses described in Section 4.02(a). The maximum original principal amount of the City Note shall be an amount not to exceed approximately $4,627,237.49. The actual amount due and outstanding shall be the amount disbursed from time to time by the TIF Lender to the City under the TIF Loan Agreement, plus any accrued interest thereon, minus any payments made with respect thereto. Disbursements made to pay or reimburse the Developer for costs of TIF-Funded Improvements shall be made directly into the Construction Loan Escrow, as described in Section 4.03(a). Disbursements made to pay or reimburse the TIF Lenders, any guarantor of the TIF loan or other applicable parties for TIF-Funded Improvements in the nature of financing costs shall be made outside such Construction Loan Escrow. The City Note shall be a disbursing, non-revolving note. Payments under the City Note are non-recourse to the City, are payable only from the Available Incremental Taxes deposited into the TIF Fund and the other mandatory pledged revenues described in the City Note, and are subject to the amount of Available Incremental Taxes deposited into the TIF Fund and other mandatory pledged revenues being sufficient for such payments.
Sample 1
Sources of City Funds. Subject to the terms and conditions of this Agreement, including but not limited to this Section 4.03 and Section 5 hereof, the City hereby agrees to provide City funds from the sources and in the amounts described directly below (the ACity Funds@) to pay for or reimburse the Developer for the costs of the TIF-Funded Improvements.
Sample 1

Related to Sources of City Funds

  • Sources of Funding A. State funding for dual credit/concurrent courses will be available to both the ISD and Hill College based upon the current agreement between the Commissioner of Education and Commissioner of Higher Education. In accordance with this agreement, Hill College may claim state funding for all students registered for college-level credit in a dual credit/concurrent course. The ISD may also claim full ADA funding for all students registered in a dual credit/concurrent course.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Sources of Funds to Pay Interest Any interest payable by NYSERDA pursuant to Exhibit shall be paid only from the same accounts, funds, or appropriations that are lawfully available to make the related Payment.

  • Transfer to Certain Plans and Funds (1) You may transfer escrow securities within escrow to or between a registered retirement savings plan (RRSP), registered retirement income fund (RRIF) or other similar registered plan or fund with a trustee, where the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund are limited to you and your spouse, children and parents, or, if you are the trustee of such a registered plan or fund, to the annuitant of the RRSP or RRIF, or a beneficiary of the other registered plan or fund, as applicable, or his or her spouse, children and parents.

  • Funds On each purchase order for Class A shares and Class 529-A shares of Funds listed in Category 1 on the attached Schedule A that is accepted by us and for which you are responsible, you will be paid compensation as follows: Compensation as Sales Charge Percentage of as Percentage Purchases Offering Price of Offering Price Less than $25,000 5.00% 5.75% $25,000 but less than $50,000 4.25% 5.00% $50,000 but less than $100,000 3.75% 4.50% $100,000 but less than $250,000 2.75% 3.50% $250,000 but less than $500,000 2.00% 2.50% $500,000 but less than $750,000 1.60% 2.00% $750,000 but less than $1,000,000 1.20% 1.50% $1,000,000 or more See below None

  • Alternative Risk Financing Programs The County reserves the right to review, and then approve, Contractor use of self-insurance, risk retention groups, risk purchasing groups, pooling arrangements and captive insurance to satisfy the Required Insurance provisions. The County and its Agents shall be designated as an Additional Covered Party under any approved program.

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