Use of STR Tax Revenues for Offsite Infrastructure Sample Clauses

Use of STR Tax Revenues for Offsite Infrastructure. 1) Exhibit E shows that YVHA’s estimated proportionate share of the Offsite Improvements in which the City has an associated cost (“City Projects”) is $20,206,447. This figure excludes the Combined Public Safety Facility, the Elk River Water Treatment Facility, and the expansion of the wastewater treatment plant, the funding for which is provided for elsewhere in this agreement. YVHA shall pay to the City the first $20,206,447 of STR Tax funds allocated to it for the purpose of design and construction of Offsite Improvements that are to be constructed by the City.
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