Summary and background of the Legislation Sample Clauses

Summary and background of the Legislation. This ordinance approves a fifteen-year franchise from the City of SeaTac to construct, operate, maintain, replace and repair an electrical light and power system in, across, over, along, under, through and below certain designated public rights-of-way. The current Franchise Agreement expired on January 1, 2015. Seattle City Light and the City of SeaTac have been engaged in discussions to renegotiate the current franchise and have successfully reached agreement on a new Franchise Agreement, which provides terms and conditions for Seattle City Light to operate within SeaTac’s right-of-way. Seattle City Light (“SCL”) provides electric service to the residents and businesses in the cities of Shoreline, Burien, Lake Forest Park, SeaTac and Tukwila (the “Franchise Cities”), under individual Franchise Agreements with each of these cities. The current 15 year Agreements have been in effect starting in 1999. They grant Seattle City Light a non-exclusive franchise to operate within the Franchise Cities’ right-of-way, and establish terms and conditions under which Seattle City Light and the Franchise Cities work together on a variety of related issues, including rates as established by Seattle City Council, fees, and operational requirements. In late 2012, Seattle City Light engaged the Franchise Cities in discussions to renegotiate the Agreements. Meetings were held with the Cities to understand what is working well with the current Agreements, as well as areas for improvement. Following these initial meetings, City Light staff met individually with SeaTac to negotiate an Agreement that maintained consistency with Seattle City Light’s Strategic Plan, and provides SeaTac with the same level of outstanding service, reliability, environmental stewardship, and accountability as we provide for customers within the Seattle city limits.
Sample 1
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Summary and background of the Legislation. The legislation makes the following changes to the current law: The City’s Rental Agreement Regulation Ordinance is modified to:  Require inclusion of a provision in rental agreements mandating that a landlord provide written notice to a tenant, between 60 and 120 days before the end of the lease term, informing the tenant whether the landlord is planning to offer the tenant a new tenancy.  Make failure to provide this notice a defense to any action to evict the tenant for holding over or continuing in possession after the expiration of the term, for unlawful detainer, or to enforce a rental agreement. The City’s Tenant Relocation Assistance Ordinance (TRAO) is modified to:  Define the term rent, which means “the basic charge for a tenant’s use of the dwelling unit and any periodic or monthly fees for other services paid to a landlord by a tenant, but do not include utility charges that are based on usage and that a tenant has agreed in the rental agreement to pay.”  Prohibit the increase of rent for the purpose of avoiding TRAO. o A tenant who has received a notice of rent increase and believes the purpose of the increase is to circumvent the TRAO requirements may file a complaint with DPD. o DPD investigates the complaint and decides if the rent increase was made to avoid TRAO. [For Ordinance 124882 / CB 118516] Xxxx Xxxxxxxxxxxx LEG Rental Agreement Regulation and TRAO ORD V1  There is a rebuttable presumption that a rent increase of 20% or more, in conjunction with other criteria, constitutes a violation of TRAO. o If DPD finds the rental property owner has violated TRAO, penalties can be assessed. o The rental owner or tenant may appeal DPD’s decision to the Hearing Examiner within 10 days after receipt of the DPD Director’s decision. o DPD is prohibited from issuing a permit until the rental owner pays any penalties assessed as a result of a violation of TRAO.  Amend the definition of substantial rehabilitation to account for changes that do not require a permit but would still require displacement of a tenant and is valued at $6,000 or more. A rental property owner performing substantial rehabilitation that fits either definition would be required to comply with TRAO, including the payment of relocation assistance to eligible tenants.
Sample 1
Summary and background of the Legislation. This legislation authorizes the Director of Finance and Administrative Services (FAS) to dispose of the property located at 0000 Xxxxx Xxxxxx (see Exhibit “A”), by means of a sale to Crescent Development (“Crescent”) or a subsidiary thereof. FAS received an unsolicited offer for the property in 2014, and since that time FAS and Crescent have been in negotiations over the deal terms of a sale. The property was acquired by the City in 1903; shortly thereafter a woodframe fire station was constructed on site. That building was demolished to make way for the present building in 1951. Seattle Fire Department operated Fire Station 15 at the site until 1971, at which time it decommissioned the fire station. The Comm Shop has operated out of the building since 1975. The purpose of the Communications Shop Program is to install, maintain and repair the dispatch radio infrastructure and mobile and portable radios for City departments and other regional agencies for common, cost-effective communications. The Comm Shop provides installation, maintenance and related services for wireless communications for city departments and other regional agencies. Radio network maintenance on the shared portions of the region-wide network is also conducted at the site. Due to the ongoing construction and increasing residential character of the South Lake Union and Xxxxx Triangle neighborhoods, it has become increasingly difficult and time-consuming for Comm Shop users (including fire, police and utilities) to navigate through various construction projects and increasing traffic congestion. Although the building has not gone through the City’s excess-property disposition process, FAS provided notification to the surrounding community, sending out 433 notices. FAS received six comments from the community, and none were in opposition of the sale. Due to this apparent low degree of community concern, consensus response and this one-time opportunity to sell the property to the adjoining landowner, FAS is satisfied with the amount of public involvement it has done to date.
Sample 1
Summary and background of the Legislation. This legislation authorizes the City Light Department (“City Light”) to execute an agreement with Bonneville Power Administration that will assist the parties in fulfilling their respective responsibilities with respect to NERC reliability standards compliance at Boundary Substation. By executing the Maintenance Obligations and Ownership Agreement for Boundary Substation, City Light will clarify its responsibilities with respect to Boundary substation equipment ownership and maintenance, which supports its mission to provide cost-effective and reliable power in an environmentally responsible and safe manner. This legislation enables the replacement of the original 1966 Boundary Operations and Maintenance Agreement, which lacks details now considered necessary in electric utility contracts to sufficiently describe the specific compliance requirements of the parties. The proposed new agreement will serve these purposes with no change in cost.
Sample 1

Related to Summary and background of the Legislation

  • Privacy Legislation The parties acknowledge that federal and/or provincial legislation that addresses the protection of individual’s personal information (collectively, “Privacy Laws”) applies to obligations and activities under this Agreement. Despite any other provision of this Agreement, neither party will take or direct any action that would contravene, or cause the other to contravene, applicable Privacy Laws. The Corporation will, prior to transferring or causing to be transferred personal information to the Rights Agent, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their personal information, or will have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws. The Rights Agent will use commercially reasonable efforts to ensure that its services hereunder comply with Privacy Laws.

  • Implementation Legislation The Contracting Parties shall enact any legislation necessary to comply with, and give effect to, the terms of the Agreement.

  • Applicable Legislation If and to the extent that any provision of this Agreement limits, qualifies or conflicts with a mandatory requirement of Applicable Legislation, the mandatory requirement will prevail. The Corporation and the Subscription Receipt Agent each will at all times in relation to this Agreement and any action to be taken hereunder observe and comply with and be entitled to the benefits of Applicable Legislation.

  • Data Protection Legislation the UK Data Protection Legislation and any other European Union legislation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a party relating to the use of Personal Data (including, without limitation, the privacy of electronic communications) and the guidance and codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation.

  • General Background (Brief description of the national, sector-specific or other relevant context in which the individual contractor will operate)

  • Introduction and Background The purpose of this Schedule 2 (Contract Services and Contract Supplies) is to set out the characteristics of the Contract Services and/or Contract Supplies (as the case may be) and Funding that the Provider will be required to make available to all Contracting Authorities in relation to Lot 1 and/or Lot 2 (as the case may be) and to provide a description of what the Contract Services and/or Contract Supplies (as the case may be) and Funding will entail.

  • Anti-Money Laundering Compliance Programs Soliciting Dealer represents to the Dealer Manager and to the Company that it has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA Conduct Rules, the Exchange Act Rules and Regulations and the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended (the “USA PATRIOT Act”), specifically including, but not limited to, Section 352 of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 (the “Money Laundering Abatement Act,” and together with the USA PATRIOT Act, the “AML Rules”) reasonably expected to detect and cause the reporting of suspicious transactions in connection with the offering and sale of the Shares. Soliciting Dealer further represents that it currently is in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act, and Soliciting Dealer hereby covenants to remain in compliance with such requirements and shall, upon request by the Dealer Manager or the Company, provide a certification to the Dealer Manager or the Company that, as of the date of such certification (a) its AML Program is consistent with the AML Rules, and (b) it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act. Upon request by the Dealer Manager at any time, Soliciting Dealer will (i) furnish a written copy of its AML Program to the Dealer Manager for review, and (ii) furnish a copy of the findings and any remedial actions taken in connection with its most recent independent testing of its AML Program.

  • Future Legislation In the event that any future legislation renders null and void or materially alters any provision of this Agreement, the remaining provisions shall remain in effect for the term of the Agreement, and the parties hereto shall negotiate a mutually agreeable provision to be substituted for the provision so rendered null and void or materially altered.

  • Anti-Money Laundering and Red Flag Identity Theft Prevention Programs The Trust acknowledges that it has had an opportunity to review, consider and comment upon the written procedures provided by USBFS describing various tools used by USBFS which are designed to promote the detection and reporting of potential money laundering activity and identity theft by monitoring certain aspects of shareholder activity as well as written procedures for verifying a customer’s identity (collectively, the “Procedures”). Further, the Trust and USBFS have each determined that the Procedures, as part of the Trust’s overall Anti-Money Laundering Program and Red Flag Identity Theft Prevention Program, are reasonably designed to: (i) prevent each Fund from being used for money laundering or the financing of terrorist activities; (ii) prevent identity theft; and (iii) achieve compliance with the applicable provisions of the Bank Secrecy Act, Fair and Accurate Credit Transactions Act of 2003 and the USA Patriot Act of 2001 and the implementing regulations thereunder. Based on this determination, the Trust hereby instructs and directs USBFS to implement the Procedures on the Trust’s behalf, as such may be amended or revised from time to time. It is contemplated that these Procedures will be amended from time to time by the parties as additional regulations are adopted and/or regulatory guidance is provided relating to the Trust’s anti-money laundering and identity theft responsibilities. USBFS agrees to provide to the Trust: (a) Prompt written notification of any transaction or combination of transactions that USBFS believes, based on the Procedures, evidence money laundering or identity theft activities in connection with the Trust or any Fund shareholder; (b) Prompt written notification of any customer(s) that USBFS reasonably believes, based upon the Procedures, to be engaged in money laundering or identity theft activities, provided that the Trust agrees not to communicate this information to the customer; (c) Any reports received by USBFS from any government agency or applicable industry self-regulatory organization pertaining to USBFS’ Anti-Money Laundering Program or the Red Flag Identity Theft Prevention Program on behalf of the Trust; (d) Prompt written notification of any action taken in response to anti-money laundering violations or identity theft activity as described in (a), (b) or (c) immediately above; and (e) Certified annual and quarterly reports of its monitoring and customer identification activities pursuant to the Procedures on behalf of the Trust. The Trust hereby directs, and USBFS acknowledges, that USBFS shall (i) permit federal regulators access to such information and records maintained by USBFS and relating to USBFS’ implementation of the Procedures, on behalf of the Trust, as they may request, and (ii) permit such federal regulators to inspect USBFS’ implementation of the Procedures on behalf of the Trust.

  • Canadian Anti-Money Laundering Legislation (a) Each Loan Party acknowledges that, pursuant to the Proceeds of Crime Act and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws (collectively, including any guidelines or orders thereunder, “AML Legislation”), the Secured Parties may be required to obtain, verify and record information regarding the Loan Parties and their respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of the Loan Parties, and the transactions contemplated hereby. Each Loan Party shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Secured Party or any prospective assignee or participant of a Secured Party, in order to comply with any applicable AML Legislation, whether now or hereafter in existence. (b) If the Administrative Agent has ascertained the identity of any Loan Party or any authorized signatories of the Loan Parties for the purposes of applicable AML Legislation, then the Administrative Agent: (i) shall be deemed to have done so as an agent for each Secured Party, and this Agreement shall constitute a “written agreement” in such regard between each Secured Party and the Administrative Agent within the meaning of the applicable AML Legislation; and (ii) shall provide to each Secured Party copies of all information obtained in such regard without any representation or warranty as to its accuracy or completeness. Notwithstanding the preceding sentence and except as may otherwise be agreed in writing, each of the Lenders agrees that the Administrative Agent has no obligation to ascertain the identity of the Loan Parties or any authorized signatories of the Loan Parties on behalf of any Lender, or to confirm the completeness or accuracy of any information it obtains from any Loan Party or any such authorized signatory in doing so

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