Examples of Additional City Services in a sentence
Additional City Services are outlined on the service & equipment request form (page XX).
TCS will be charged the actual cost of Additional City Services incurred by Park City without any charge for profit, employee benefits, nondestructive use of equipment, depreciation, overhead, or wear and tear on any equipment.
Park City will provide TCS with cost estimates for the Additional City Services before those additional City Services are performed.
If such adjustments require Park City to provide services which exceed the level or type of City Services in the aggregate that Park City is committed to provide at Section6.1 herein, then such services shall be considered Additional City Services to be paid for by TCS under Section 6.2.
Redeveloper shall receive a credit against the Additional City Services Fee referenced in Section 3.12.2 of the Redevelopment Agreement in the amount of the Reimbursement, plus interest at a rate of 9.0% per annum from the Effective Date through January 31, 2013 (the “Credit”).
For illustration purposes only, based on the schedule set forth in Section 3.12.2 of the Redevelopment Agreement, if Redeveloper is liable for an Additional City Services Fee of $1,000,000 in Year One, Redeveloper shall only be required to pay the sum of $1,000,000 less the Credit in full satisfaction of the Additional City Services Fee in Year One.
Additional City Services are outlined on the service & equipment request form (page 5 in the application).
In the event that the Additional City Services Fee is not required to be paid by Redeveloper because it has met the $50 million capital investment commitment as set forth in Section 3.12 of the Redevelopment Agreement, Redeveloper and LCRA shall promptly negotiate in good faith to apply the Credit or any remaining balance of the Credit against another financial obligation of Redeveloper to LRCA or the City.
In the event that the Additional City Services Fee owed by Redeveloper for Year One is less than the Credit, then the remaining balance of the Credit shall be applied against any Additional City Services Fee for subsequent years until exhausted.
For illustration purposes only, based on the following schedule, in the event Redeveloper is obligated by contract to a third party for $2,000,000 in Year One, such amount being 4% of the $50 million commitment, the Additional City Services Fee of $1,000,000 would be reduced by 4% or $40,000.