Summary of Funds for Project Development Sample Clauses

Summary of Funds for Project Development. The City shall be responsible for all of the costs of the Public Ramp, at the City’s sole expense (the “Public Funding”). The Public Funding shall be drawn from a variety of sources, such as TID 36, the existing cash reserves of the City’s Parking Utility, or other sources. The Developers shall be responsible for all of the costs of the Private Development and Developers will contribute total debt and equity necessary for completion of the Project Elements of the Private Development (the “Private Funding”).
Sample 1
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Summary of Funds for Project Development. (a) A loan from the City to the Owner to support the AHF Units in the amount of up to Three Hundred Thousand Dollars ($300,000) (the “City Funding”).
Sample 1
Summary of Funds for Project Development. The City shall be responsible for (i) all of the costs of the Public Development, at the City’s sole cost and expense, and (ii) the contributions to the Block 88 Office Building set forth in Section 3.3 below (the “Public Funding”). The Public Funding shall be legally obligated by the City (as described in Section 3.3 below) at the Project Commencement Closing for disbursement pursuant to a mutually acceptable disbursing agreement (the “Disbursing Agreement”). This Agreement and the Disbursing Agreement shall legally obligate the City to release funds in 2015 and 2016 according to a cash flow schedule to be agreed to by the parties, with an absolute obligation that all such funds shall be disbursed into escrow from Tax Increment District No. 25 (“TID 25”), pursuant to the Disbursing Agreement, no later than December 2016. The Public Funding shall be drawn from a variety of sources, such as TID 25, the proceeds of the sale of the Property, the existing cash reserves of the City’s parking utility, future revenues, general obligation borrowing or other sources. The Developer shall be responsible for all of the costs of the Private Development (subject to the City’s contributions described in this Agreement) and Developer will contribute total debt and equity to the Project in the aggregate amount of not less than One Hundred Thirty Million and No/100 Dollars ($130,000,000.00) (the “Private Funding”).
Sample 1

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  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • Completion of Development Upon the completion of the whole development or complete phases of the development, Council may review this Agreement, in whole or in part, and may:

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