Benefits to the City Sample Clauses

Benefits to the City. Pursuant to the MOU, and as consideration for the City’s review and processing of Xxxxxxxxx’x application for certain discretionary approvals discussed in Recital F and Section 6 below (defined below as the “Entitlements”), Developer has agreed to pay to the City certain fees, taxes, and revenues, and provide for a replacement well site and public use of a portion of the Quarry post-mining (defined below as the “City Benefits”). Also pursuant to the MOU, and as additional consideration for the City’s review and processing of Developer’s application for the Entitlements, Xxxxxxxxx’x has agreed to dismiss with prejudice the fourth and last remaining of the Actions against the City, Case No. RIC 1513475, described in Recital D-1, above.
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Benefits to the City. As and for the primary consideration to the City for entering into this Development Agreement and any and all other agreements which the Parties conclude with respect to this transaction (the “Related Agreements”), it is agreed by the Parties that the benefits to the City may include the Additional Revenues (as defined below).
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Benefits to the City. The benefits to the City from entering into an IGSA for these three (3) services:  The proposed annual rate of the Electrical Maintenance agreement will cover approximately seventy (70) percent of the salary of one maintenance electrician. This is a significant cost savings for the general fund.  The net income from the electrical contract can be used to fund street light projects and reduce the project backlog.  Bring in revenue for the water and wastewater enterprise funds that can be used to fund infrastructure projects.  A regular preventative maintenance inspection program for the City's seven (7) sewage lift stations. This will reduce future repair costs and downtime for these facilities.  Additional manpower will be available for snow plowing operations.  Additional manpower for emergency situations such as water main break repairs. Repairs will be made more quickly, reducing the amount of water lost from the distribution system. This in turn will reduce water treatment chemical costs, since less water will have to be treated. In consideration for the services to be provided by the City, the RIA agrees to pay the City in accordance with the following schedule: Year Period of Performance Cost 1 15 March 2021 - 14 March 2022 $869,750.00 2 15 March 2022 - 14 March 2023 $882,796.25 3 15 March 2023 - 14 March 2024 $896,038.19 4 15 March 2024- 14 March 2025 $909,478.76 5 15 March 2025 - 14 March 2026 $923,120.94 6 15 March 2026 - 14 March 2027 $936,967.75 7 15 March 2027 - 14 March 2028 $951,022.27 8 15 March 2028 - 14 March 2029 $965,287.60 9 15 March 2029 - 14 March 2030 $979,766.91 10 15 March 2030 - 14 March 2031 $994,463.41 TOTAL $9,308,692.08 The agreement with RIA is for a 10-year term for these services. The agreement may be extended in 10-year increments if mutually agreed upon by the City and the RIA.
Sample 1
Benefits to the City. ▪ Outreach awareness campaign to residents at no cost to the City ▪ Discounted rates for residents resulting from the Partnership ▪ All repairs performed to local code with local contractors (Small Local Business Enterprise Program) ▪ USPPL will pay the City a marketing rights fee in the amount of $121,000 for FY12, and $60,000 for both FY13 and FY14 ▪ USPPL will provide a licensing fee of 12% of annual gross revenue Projected Revenue Guaranteed Marketing Rights payments FY12: $121,000 FY13: $60,500 FY14: $60,500 Total: $ 242,000 Estimated Licensing Fees (12%) FY13: $95,000 FY14: $190,000 FY15: $285,000 FY16: $375,000 FY17: $475,000 Total: $1.42 Million Combined Guaranteed Marketing Rights Fee + Estimated Licensing Fees Five Year Estimate: $1.66 Million Key Benefits to USPPL ▪ Preferred Service Line Warranty Program Partner of the City of San Diego ▪ Partnership with City will be recognized in USPPL campaign outreach letters ▪ City of San Diego Website Presence
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Benefits to the City. ▪ Sprint Solutions will pay the City a marketing rights fee in the amount of $100,000 per year for up to a 5 year term. ▪ Sprint Solutions will provide additional funds to the City with their phone recycling program targeted to City employees at City facilities. ▪ Non-Exclusive Agreement, with the exception of direct marketing to employees, will allow the CPP to negotiate marketing partnerships with other wireless companies.
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Benefits to the City. The City acknowledges that this Agreement is beneficial to it because it will result in steady, predictable, and reasonable Annual Payments from the Subject Property.
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Related to Benefits to the City

  • Benefit to Citizens of Xxxxxxx County The safety of the citizens of Xxxxxxx County is enhanced through this Agreement, which promotes safe boating conditions and reduces costs associated with patrols of recreational waterways.

  • State Employee Group Insurance Program (SEGIP) During the life of this Agreement, the Employer agrees to offer a Group Insurance Program that includes health, dental, life, and disability coverages equivalent to existing coverages, subject to the provisions of this Article. All insurance eligible employees will be provided with a Summary Plan Description (SPD) called “Your Employee Benefits”. Such SPD shall be provided no less than biennially and prior to the beginning of the insurance year. New insurance eligible employees shall receive a SPD within thirty (30) days of their date of eligibility.

  • Third Party Administrators for Defined Contribution Plans 2.1 The Fund may decide to make available to certain of its customers, a qualified plan program (the "Program") pursuant to which the customers ("Employers") may adopt certain plans of deferred compensation ("Plan or Plans") for the benefit of the individual Plan participant (the "Plan Participant"), such Plan(s) being qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended ("Code") and administered by third party administrators which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended (the "TPA(s)").

  • MAXIMUM COST TO COUNTY In no event will the cost to County for the services to be provided herein exceed the maximum sum of $ including direct non-salary expenses. As set forth in section 14 of this Contract, should the funding source for this Contract be reduced, Contractor agrees that this maximum cost to County may be amended by written notice from County to reflect that reduction.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • Benefits on Layoff (The following clause is applicable to full-time employees only) In the event of a lay-off of a full-time employee the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • Agreement with Respect to Continuation of Group Health Plan Coverage for Former Employees of the Failed Bank (a) The Assuming Institution agrees to assist the Receiver, as provided in this Section 4.12, in offering individuals who were employees or former employees of the Failed Bank, or any of its Subsidiaries, and who, immediately prior to Bank Closing, were receiving, or were eligible to receive, health insurance coverage or health insurance continuation coverage from the Failed Bank ("Eligible Individuals"), the opportunity to obtain health insurance coverage in the Corporation's FIA Continuation Coverage Plan which provides for health insurance continuation coverage to such Eligible Individuals who are qualified beneficiaries of the Failed Bank as defined in Section 607 of the Employee Retirement Income Security Act of 1974, as amended (respectively, "qualified beneficiaries" and "ERISA"). The Assuming Institution shall consult with the Receiver and not later than five (5) Business Days after Bank Closing shall provide written notice to the Receiver of the number (if available), identity (if available) and addresses (if available) of the Eligible Individuals who are qualified beneficiaries of the Failed Bank and for whom a "qualifying event" (as defined in Section 603 of ERISA) has occurred and with respect to whom the Failed Bank's obligations under Part 6 of Subtitle B of Title I of ERISA have not been satisfied in full, and such other information as the Receiver may reasonably require. The Receiver shall cooperate with the Assuming Institution in order to permit it to prepare such notice and shall provide to the Assuming Institution such data in its possession as may be reasonably required for purposes of preparing such notice.

  • Hospitals of Ontario Voluntary Life Insurance Plan The Hospital also agrees to make the Hospitals of Ontario Voluntary Life Insurance Plan (HOOVLIP) available to the nurses subject to the provisions of HOOVLIP at no cost to the Hospital.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

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