Undertakings of the City Sample Clauses

Undertakings of the City. The City agrees as follows:
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Undertakings of the City. In consideration for the mitigation measures to be undertaken by the Tribe in this Agreement, and in further recognition of the many benefits the Project will bring to the City, the City shall do the following:
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Undertakings of the City. Subject to the conditions herein, the City agrees as follows: a. Prior to issuance of a general partial Demolition Permit, the HPO shall meet with the Developer and its deconstruction contractor to prepare a list of historic character-defining items that the parties believe can reasonably and safely be salvaged for potential reuse in the construction of the Project. b. Prior to onset of deconstruction, the City Council shall appoint a liaison from Council to provide periodic updates to the full Council. c. Subject to the conditions and requirements herein, the City shall issue a general partial Demolition Permit for partial demolition for the Project, excluding the northernmost section of the structure known as “The Pharmacy,” based on the provisions of this Agreement and subsequent to its execution (Refer, Attachment A: Diagram Showing the location of “The Pharmacy”). d. The City shall issue a Building Permit when the terms and conditions of this Agreement have been fulfilled, and upon review and approval of the construction plans set.
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Undertakings of the City. Subject to the conditions herein, the City or its agent agrees as follows: a. Set pricing at first point of sale and at subsequent points of sale for the dedicated affordable units that does not exceed affordability, with a methodology to be set out in the Affordable Housing Trust Fund Administrative Policies and Procedures to 1.c.v above, for households earning up to 120 percent of Area Median Income. b. Screen potential buyers at first point of sale and at subsequent points of sale for eligibility by completing income qualification. c. Enter into a contract with homebuyers of each unit, including subsequent homebuyers, to ensure appropriate marketing and eligibility screening for subsequent sales of the dedicated affordable homes. d. Complete annual compliance monitoring to ensure dedicated affordable units remain the primary residence and meet the condition set forth in Resolution 8410.
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Undertakings of the City. 2.1 As a condition precedent to the City appropriating any funds under this Agreement, the City shall have entered into a termination agreement (“Lease Termination Agreement”) for that certain Dance Studio Lease. To induce the City to enter the Lease Termination Agreement and, simultaneously with the execution thereof, Developer shall enter into an agreement with the City compensating the City for its early termination of the Dance Studio Lease (“Relocation Agreement”), on terms and conditions to be set forth in the Relocation Agreement. 2.2 The City shall appropriate sufficient funds for the performance of the City’s obligations under this Agreement. 2.3 City shall cooperate with Developer throughout the Project and shall promptly review and/or process all submissions and applications in accordance with applicable City ordinances. 2.4 Subject to all of the terms, covenants and conditions of this Agreement and applicable provisions of law, and as an inducement by the City to Developer to carry out the Project, upon completion of the Project (which shall be defined as issuance of a Certificate of Use and Occupancy for all floors, including all common spaces, of the Project and, for avoidance of doubt, it is understood that said certificate may be issued with some tenant space being unoccupied, in “white box” finished status, and/or subject to final finishing per tenant requirements (hereafter “completion”)) the City will provide payments to Developer solely from future Tax Increments (derived from both real and personal property) to assist with Xxxxxxxxx’s Project Costs. The City’s total payment of Tax Increment Revenue to the Developer shall not exceed Four Million Three Hundred Fifty-Seven Thousand Five Hundred Fifty Dollars ($4,357,550). The Contribution will be paid to Developer as follows: 2.4.1 As the sole source for payment of the Contribution, the City agrees to pay the Developer an amount equal to ninety percent (90%) of the Tax Increment Revenue attributable to, and actually received from, the Property during the calendar year. 2.4.2 Payments under this Agreement shall be due in annual installments on August 15 of the calendar year following the first tax year after completion of the Project and continuing on each August 15 thereafter for a period of time described in Section 4.2. 2.4.3 The Contribution shall be a special and limited obligation of the City and not a general obligation. The City may prepay the Contribution, in its sole discretion, ...
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Undertakings of the City. 2.1 The City shall appropriate sufficient funds for the performance of the City’s obligations under this Agreement. 2.2 City shall cooperate with Developer throughout the Project and shall promptly review and/or process all submissions and applications in accordance with applicable City ordinances. In addition, the City agrees to work collaboratively with Developer in Developer’s pursuit of various grant or similar funding opportunities. 2.3 Subject to all of the terms, covenants and conditions of this Agreement and applicable provisions of law, and as an inducement by the City to Developer to carry out the Project, upon completion of the Project (which shall be defined as issuance of occupancy permits for all floors of the Project (hereafter “completion”)) the City will provide payments to Developer solely from the future Tax Increments (derived from both real and personal property) to assist with
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Undertakings of the City 
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Related to Undertakings of the City

  • Responsibilities of the City The City’s Contract Manager will be responsible for exercising general oversight of the Contractor’s activities in completing the Scope of Work. Specifically, the Contract Manager will represent the City’s interests in resolving day-to-day issues that may arise during the term of this Contract, shall participate regularly in conference calls or meetings for status reporting, shall promptly review any written reports submitted by the Contractor, and shall approve all invoices for payment, as appropriate. The City’s Contract Manager shall give the Contractor timely feedback on the acceptability of progress and task reports.

  • Obligations of the City A. The City agrees to give the Contractor access to the Project area and other City- owned properties as required to perform the necessary Services under this Agreement. B. The City shall notify the Contractor of any defects in the Services of which the Contract Administrator has actual notice.

  • MEETINGS OF THE GOVERNORS 105. Subject to these Articles, the Governors may regulate their proceedings as they think fit.

  • Proceedings Other Than Proceedings by or in the Right of the Company Indemnitee shall be entitled to the rights of indemnification provided in this Section l(a) if, by reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful.

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