Community Benefits Fund definition

Community Benefits Fund is defined in Section 6.1.

Community Benefits Fund is defined in the Community Benefits Plan.

Community Benefits Fund. As defined in GP 13.01. Compensable Delay: As defined in GP 3.06A.

Examples of Community Benefits Fund in a sentence

• To the extent any of these funds remain in the Agency’s possession upon the final Completion of the Project, the Agency shall deposit such funds in the Community Benefits Fund.

• Each Vertical Developer shall pay (or cause payment) to the Community Benefits Fund upon the close of escrow of the initial sale to an Owner/Occupant of each Market Rate Unit an amount equal to one-half of one percent (0.5%) of the sale price of such Market Rate Unit.

• One hundred percent (100%) of the Community Benefits Fund shall be reinvested by the Agency in the Project Site and BVHP to (a) benefit low- and moderate-income families; (b) eliminate blight; and/or (c) meet other community development needs of BVHP as determined by the BVHP Representative Entity, including those related to social services, affordable housing, education, the arts, public safety, assistance for senior citizens and other community services.

• Until such time as the BVHP Representative Entity is formed and independently operating, expenditures from the Community Benefits Fund shall be determined by the Agency Director following consultation with the CAC and the PAC as applicable.

• Allocations from the Community Benefits Fund shall periodically be made by the City Council at is discretion by majority vote, for the benefit of public safety, youth education, community events, community-based organizations, or for other uses benefiting the community as deemed appropriate by the Council.

More Definitions of Community Benefits Fund

Community Benefits Fund has the meaning set forth in Section 4.2 of this Agreement.

Community Benefits Fund is defined in the Community Benefits Plan. “Community Benefits Plan” is defined in the DDA.

Community Benefits Fund means a dedicated fund for developments in Census tracts with more than 34.5% poverty as measured by the US Census Bureau and described in Section 5 of the Ordinance.

Community Benefits Fund means a fund established and managed collectively by BGEC for the purpose of administering community benefits.

Community Benefits Fund means a non-profit fund or trust account that shall be established with and administered by a qualified third-party designated by Coalition Organizations, established to hold and distribute funds provided to it by the Developer according to procedures established by agreement between the third-party entity and Coalition Organizations, with funds to be used only for purposes as set forth in the Agreement.

Community Benefits Fund means a non-profit fund or trust account that shall be established with and administered by a qualified third-party designated by the Coalition, established to hold and distribute funds provided to it by Developer and/or Developer Successor according to procedures established by agreement between the third-party entity and the Coalition, with such funds to be used only for purposes as set forth in this Agreement.9

Community Benefits Fund means an amount allocated at a rate of eighty thousand, ($80,000.00) dollars by the Project per annum and administered by the Community Benefits Fund Committee.