City Financial Assistance definition

City Financial Assistance means any grant, cooperative agreement, loan, contract or any other arrangement by which the City provides or otherwise makes available assistance in an amount equal to $100,000 or more in the form of:

City Financial Assistance means:

City Financial Assistance means any grant, loan, tax increment financing, residential multi-family tax abatement in compliance with Ordinance No. 482-2022, Section 3, below market-value land transfer, and/or City-funded capital infrastructure improvements associated with a development project;

Examples of City Financial Assistance in a sentence

• Grantee will be considered a City Financial Assistance Recipient (“CFAR”) and must comply with the Oakland Living Wage Ordinance if it receives $100,000 or more in financial assistance from the City during a 12-month period.

• The LEP applies when the project includes the purchase of construction services either by the City as buyer or by a City Financial Assistance Recipient (CFAR); and either the City is the buyer and the dollar amount of the project exceeds $50,000.00 dollars; or the project exceeds 30 days; or new hires are needed to perform the work on the project.

• A Notice of Intent to Acquire establishes the eligibility for relocation assistance prior to the Initiation of Negotiations and/or prior to the commitment of City Financial Assistance.

• City Financial Assistance for First-time Homebuyers The City of Oakland has determined that homebuyers purchasing a Sausal Creek Home will not be eligible for any City of Oakland Mortgage Assistance or Down Payment Assistance programs.

• Notice of Intent to Acquire means a Department's written communication that is provided to a Person to be displaced, including those to be displaced by rehabilitation or demolition activities from property acquired prior to the commitment of City Financial Assistance, which clearly sets forth that the Department intends to acquire the property.

More Definitions of City Financial Assistance

City Financial Assistance means something of economic value, awarded or

City Financial Assistance means financial assistance, other than as-of-right assistance, that is provided directly by the city or by a city economic development entity using funds provided in whole or in part by the city to a person for the improvement or development of property and that, at the time the city financial assistance recipient enters into a project agreement with the city or city economic development entity, is expected to have a total present financial value of at least $ 500,000, which amount shall be adjusted on July 1 of each year commencing on July 1, 2022, based upon the 12-month percentage increases, if any, in the price index for the most recent 12-month period for which data is available. Where financial assistance takes the form of leasing property at below-market lease rates, for the purpose of determining whether such financial assistance constitutes city financial assistance, the value of the financial assistance shall be determined based on the difference in cost between the lease for the property and a market lease for a similar property. Where financial assistance takes the form of loans, bond financing or tax increment financing, for the purpose of determining whether such financial assistance constitutes city financial assistance, the value of the financial assistance shall be determined based on the difference between the financing costs to a borrower and the costs to a similar borrower who does not receive financial assistance from the city or a city economic development entity.

City Financial Assistance means any grant, loan, contract, transfer, or other arrangement by which the City provides or otherwise makes available, in the form of either or both of the following:

City Financial Assistance means the financial assistance to be provided to Developer by the City pursuant to the City HOME Agreement.

City Financial Assistance means the ($ ) in funds the City has agreed to provide Developer pursuant to the City HOME Agreement, which funds the City has received from the United Stated Department of Housing and Urban Development pursuant to Title II of the Xxxxxxxx Xxxxxxxx National Affordable Housing Act (42 U.S.C. 12701 12839) and the HOME Program regulations codified at 24 CFR Part 92.

City Financial Assistance means something of economic value, awarded or conveyed to a Person, by or through the approval of the City, for the purpose of promoting economic development, job retention, or job growth. Generalized financial assistance such as that provided through broadly applicable tax reductions shall not qualify as City Financial Assistance. City staff assistance shall not by itself by considered City Financial Assistance. The opportunity to enter into a Contract with the City shall not by itself be considered City Financial Assistance.

City Financial Assistance means any grant, cooperative agreement, loan contract or any other arrangement by which the City provides or otherwise makes available assistance in an amount exceeding twenty-five thousand dollars ($25,000) in the form of: