Authority of City Finance Director Sample Clauses

Authority of City Finance Director. Subject to the terms of this Redevelopment Agreement, the City Finance Director on behalf of the City shall have the authority to determine the timing of issuance of the TIF Indebtedness and all other details of the TIF Indebtedness, TIF Bonds, TIF Tax Revenues, Project Account, and Grant of Funds for the eligible TIF costs; provided that, the semi-annual TIF Tax Revenues shall be applied toward payment of the annual debt service of the TIF Indebtedness. All such arrangements made by the Finance Director shall be subject to approval of the Mayor.
Sample 1Sample 2Sample 3See All (45)
AutoNDA by SimpleDocs
Authority of City Finance Director. Subject to the terms of this Redevelopment Agreement, the City Finance Director on behalf of the City shall have the authority to determine the timing of issuance of the TIF Indebtedness and all other details of the TIF Indebtedness, TIF Bond, TIF Tax Revenues, Project Account and Grant of Funds for the eligible TIF Cost of the Redeveloper Undertakings; provided that, the semi-annual TIF Tax Revenues shall first be applied toward payment of the annual debt service of the TIF Bond A and then applied toward payment of the annual debt service on the TIF Bond B. Thereafter, any remaining unencumbered TIF Tax Revenues shall be allocated between the debt service of the TIF Bond A and the TIF Bond B based upon the prorated principal amount of the TIF Bond A and TIF Bond B.
Sample 1
Authority of City Finance Director. Subject to the terms of the TIF Bond Ordinance and this Redevelopment Agreement, the City Finance Director on behalf of the City shall make all necessary arrangements regarding timing of issuance of TIF Bond A and TIF Bond B in one or more series and all other details of TIF Bond A and TIF Bond B, TIF Tax Revenues, Project Account A, Project Account B, and Grant of Funds to reimburse Redeveloper for all or a portion of the Site Acquisition, Public Enhancements, and Redeveloper Public Improvements; provided that, the semi-annual TIF Tax Revenues shall first be applied toward payment of the annual debt service on TIF Bond A and then applied toward payment of the annual debt service on TIF Bond B. Thereafter, any remaining unencumbered TIF Tax Revenues shall be allocated between the debt service on the TIF Bond A and the TIF Bond B based upon the prorated principal amount of the TIF Bond A and TIF Bond B, or as otherwise provided in the TIF Bond Ordinance and any amendments thereto authorizing issuance of the TIF indebtedness. Upon retirement of TIF Bond A and TIF Bond B, any remaining semi-annual TIF Tax Revenues received during the Tax Increment Period (“Excess TIF Tax Revenues”) shall be applied toward the remaining payment of Purchase Price for so long as any portion of the Purchase Price remains outstanding. Thereafter, Excess TIF TAX Revenues shall be used to reimburse the City for other eligible public expenditures in the TDP Project Area or returned to the County Treasurer for distribution to the taxing authorities as provided in the Community Development Law. All such arrangements made by the Finance Director shall be subject to approval of the Mayor.
Sample 1

Related to Authority of City Finance Director

  • MILWAUKEE BOARD OF SCHOOL DIRECTORS AUTHORITY It is hereby agreed and declared that this Contract is made expressly subject to the powers granted to said Milwaukee Board of School Directors, by the applicable provisions of Chapter 119 and Sec.

  • Audit and the National Audit Office E9.1 The Contractor shall keep and maintain until six (6) years after the end of the Contract Period, or as long a period as may be agreed between the Parties, full and accurate records of the Contract including the Services supplied under it, all expenditure reimbursed by the Authority, and all payments made by the Authority. The Contractor shall on request afford the Authority or the Authority’s representatives such access to those records as may be requested by the Authority in connection with the Contract.

  • Joint Insurance Committee The Committee shall be referred to as the Joint Insurance Committee (Academic Employees).

  • Washtenaw Community College Eastern Michigan University Xxxxxx Xxxxxxxxxx College of Engineering & Technology Student Services BE 214 xxx_xxxxxxxx@xxxxx.xxx; 734.487.8659 734.973.3398

  • College President The "College President" is the Chief Executive Officer of the College.

  • School Board Any reference to School Board or District in this Agreement shall mean the District and/or its designated officials.

  • Special Education Committee The parties agree to establish a committee comprised of representatives from ETFO, the Ministry of Education and school board leadership in the area of special education. Additional representatives may be invited as resources to the committee as needed. The committee will discuss current issues as identified by the parties related to supporting students with special education needs. The committee shall meet regularly commencing no later than November 30, 2015 and recommendations will be made to the Minister of Education by April 30, 2016. Terms of reference will be jointly developed to inform the scope of discussions and recommendations. LETTER OF AGREEMENT #6 BETWEEN The Ontario Public School Board Association (hereinafter called ‘OPSBA’) AND The Elementary Teachers’ Federation of Ontario (hereinafter called the ‘ETFO’) AND

  • xxx/OpenGovernment/LobbingAtOrangeCounty aspx A lobbying blackout period shall commence upon issuance of the solicitation until the Board selects the Contractor. For procurements that do not require Board approval, the blackout period commences upon solicitation issuance and concludes upon contract award. The County may void any contract where the County Mayor, one or more County Commissioners, or a County staff person has been lobbied in violation of the black-out period restrictions of Ordinance No. 2002-15. • Orange County Protest Procedures xxxx://xxx.xxxxxxxxxxxxxx.xxx/VendorServices/XxxxxxXxxxxxxXxxxxxxxxx.xx px Failure to file a protest with the Manager, Procurement Division by 5:00 PM on the fifth full business day after posting, shall constitute a waiver of bid protest proceedings.

  • City Council “City Council” means the governing body of the City.

  • Department Chairperson The department Chairperson has the dual responsibility of leading the department in fulfilling its responsibilities in academic and personnel areas and of facilitating the functioning of the department. The department Chairperson is the normal channel of communications between the department and other departments, division/areas or like groupings, offices and the administration.

Time is Money Join Law Insider Premium to draft better contracts faster.