Common use of Village Financed Grant Clause in Contracts

Village Financed Grant. The Village shall provide a development incentive grant in the form of a reduced land sale price in the conveyance of the Property in the amount of one hundred sixty-six thousand dollars ($166,000) (“Incentive Grant”), which the Developer shall use in connection with the development of the Project and the reimbursement of certain eligible project costs.

Village Financed Grant. The Village shall provide a development incentive grant in the form of a reduced land sale price in the conveyance of the Property to Developer in the amount of one hundred sixty-six fifteen thousand dollars ($166,000115,000) purchase price credit as the closing of the sale of the Xxxxxx Property from the Village to the Developer (the “Incentive Grant”), which the Developer shall use in connection with the development of the Project and the reimbursement of certain eligible project costs.

Village Financed Grant. The Village shall provide a development incentive grant in the form of a reduced land sale price in the conveyance of the Property to Developer in the amount of one three hundred sixty-six thousand dollars ($166,000300,000) purchase price credit at the closing of the sale of the JEK Property from the Village to the Developer, and a one hundred twenty-five thousand dollar up-front payment (collectively the “Incentive Grant”), which shall be paid to the Developer shall for use in connection with the development of the Project and the reimbursement of certain eligible project costs.

Village Financed Grant. The Village shall provide a development incentive grant in the form of a reduced land sale price in credit at closing of the conveyance of the Property in the amount of one hundred sixtyforty-six eight thousand ninety-three dollars ($148,093) and an up-front payment to Developer in the amount of fifty-five thousand dollars ($166,00055,000) (together, the “Incentive Grant”), which shall be paid to the Developer shall for use in connection with the development of the Project and the reimbursement of certain eligible project costs.