Calendar Year 2016. Xxxxx shall be obligated to spend the remaining balance of the 2015 Deficit, if any, plus Two Million Dollars ($2,000,000) in Capital Expenditures during calendar year 2016, which Capital Expenditures shall include (i) infrastructure and equipment Capital Expenditures for the Hospitals, including green space, i.e., the unimproved lawn areas, at the Main Campus, and (ii) the construction costs incurred by Xxxxx with respect to the Xx. Xxxxxx X. Garcia-Memorial Family Health Center leasehold Improvements incurred by Xxxxx during calendar year 2016. The costs of maintaining the green space, i.e., the unimproved lawn areas, at the Main Campus shall be credited against Spohn’s Two Million Dollar ($2,000,000) Capital Expenditures requirement for 2016. Any deficit in Spohn’s obligation for the 2015 Deficit and Two Million Dollars ($2,000,000) Capital Expenditures and green space maintenance costs in 2016 shall be added to Spohn’s capital expenditure obligation for calendar year 2017 (collectively, the “2016 Deficit”).
Calendar Year 2016. The Pacific Council’s work plan for CY 2016 will primarily replicate the various activities required in CY 2015 with several additions and changes. Rather than focusing on Stock Assessment and Review Panel meetings, the peer review process will consider methodology changes for use in management models and future assessments. Groundfish management efforts will focus on the completion of the biennial regulations for the 2017-2018 fisheries and workshops to improve management science. Increased funding requests in 2016 are a result of increases in PSMFC and state contracts to offset inflationary expenses and enhanced participation in the Council processes, two additional full-time staff officer position to work on expanded HMS and groundfish issues, a commitment to host the National SSC meeting, initiation of the 5-year review of the groundfish catch share program, and from typical project enhancements, inflation in travel and supply costs, increased healthcare benefit costs, and cost-of-living and pay step increases. Additional funding may be necessary if there is increased workload associated with MSA reauthorization, CCC assignments, or other unanticipated obligations or responsibilities Calendar Year 2017 The Pacific Council’s proposed work plan for CY 2017 includes the various activities required in CY 2015 and CY 2016 with a few additions. The proposed budget reflects additional expenses associated with the following specific items.
Calendar Year 2016. Tenant shall be obligated to spend the remaining balance of the 2015 Deficit, if any, plus Two Million Dollars ($2,000,000) in Capital Expenditures during calendar year 2016, which Capital Expenditures shall include (i) infrastructure and equipment Capital Expenditures for the Hospitals, including green space, i.e., the unimproved lawn areas, at the Main Campus, and
