Capital Improvement Plan Clause Samples

Capital Improvement Plan. Borrower shall complete within a reasonable period of time following the date hereof the material elements of all Capital Work required by the Capital Improvement Plan with respect to such Property and shall complete such Capital Work as set forth in the Capital Improvement Plan, subject to delays caused by force majeure. The term "force majeure" as used in this Section shall include strikes, lockouts or other labor trouble, fire or other casualty, inclement weather, governmental preemption in connection with a national emergency, inability to secure materials or labor because of any such emergency, war, civil disturbance or other emergency, cause or event beyond the reasonable control of Borrower, it being agreed insufficient funds shall not constitute an event of force majeure.

Capital Improvement Plan. The Parties will develop and maintain a Capital Improvement Plan (CIP) for the Supply Facilities which will be reviewed and, if necessary, revised periodically during the budget process. The CIP may be amended at any time following review by the Partnership Committee and approval by the city councils.

Capital Improvement Plan. See Five Year Work Plan.

Capital Improvement Plan. The Operator will develop a capital repair and replacement plan, budget and schedule on a rolling five year basis for consideration by the County which describes all such elements, systems, components, equipment, fixtures and furniture which are the subject of programmed maintenance, repair and replacement, together with a description of the useful life and residual life of such elements and items and the nature, scope, timing and cost of foreseeable future repairs, replacements and capital improvements through the term of the Operating Agreement. In order to assure funding to perform all capital assets repair and replacement work, the Operator shall on an annual basis deposit funds into the R&R Fund to be utilized solely to fund such work. Funding of the reserve shall be maintained at adequate levels, established pursuant to an agreed methodology related to the life cycle periods for asset classes, to assure the availability of funds to maintain all portions of the Sports Center in a safe, secure, sustainable and first-class manner. The Operator will deposit a minimum annual amount of not less than 1% in year one, 2% in year two, 3% in year three, and 4% in the remaining years of the Sports Center Gross Revenues (less any parking fee income) into the R&R Fund for the Sports Center. During the term of this Agreement, deposits into the R&R Fund will be in amounts adequate for the maintenance and repair of the facilities based on factors including the selected construction method, materials, equipment, systems, life-cycle repair and replacement program, geography and climate.

Capital Improvement Plan. Prior to the beginning of each Fiscal Year, ICWD shall submit to the Joint Coordinating Committee and the Polk Commission a Capital Improvement Plan that shall include the size and location of Transmission Expansion Lines as well as any other Capital Projects that ICWD anticipates it will undertake in the upcoming Fiscal Year (the “Capital Improvement Plan”). The Polk Commission shall have the right to suggests Capital Projects to be undertaken in the coming year and the Joint Coordinating Committee shall review and evaluate the recommendations for inclusion in the Capital Improvement Plan for the upcoming year. The Capital Improvement Plan shall include the budget for each such Capital Project. The Capital Improvement Plan shall also indicate the amount of capital investment that ICWD anticipates will be required for the upcoming Fiscal Year, pursuant to the requirements of Section 6.02, as well as any amounts necessary to true-up any under or over-expenditures from the prior period. Based upon this information, the Joint Coordinating Committee shall formulate and approve the annual Capital Improvement Plan for the Polk County System. In the event that ICWD determines that mid-period changes to the Capital Improvement Plan are necessary, such changes shall be submitted in a like manner to the Joint Coordinating Committee for approval.

Capital Improvement Plan. The Discharger shall prepare and implement a Capital Improvement Plan (CIP) based to the extent possible on the results of the condition assessment conducted pursuant to Paragraph 7 of this Order and the SECAP, required above in Paragraph 8. The CIP shall be developed in accordance with Provisions D.13(iv)(c) and D.13(viii)(c) of the Sanitary Sewer Order.

Capital Improvement Plan. Develop Chapter 9; the Capital Improvement Plan, with the following elements. Identify recommended lift station and collection system improvements based on the evaluation in Chapter 6. Identify recommended wastewater treatment/disposal facility improvements based on the evaluations in Chapter 7. Incorporate findings of Chapter 8 for biosolids treatment and management improvements. Develop 6-year, 10-year, and 20-year Capital Improvement Plans (CIPs) for the collection and wastewater treatment, biosolids facilities system based on the system inspection, interviews with maintenance personnel, and evaluations performed for this Plan. Prioritize projects and show implementation schedule based on cost, available funding, and existing system needs and facilities needed to serve growth. Discuss the available potential funding sources for system improvements, including potential grant and loan programs.

Capital Improvement Plan. Project Descriptions and Cost Estimates

Capital Improvement Plan. To develop and articulate to state and federal legislators, watershed based positions on stormwater management issues, conservation issues, funding or any other issues jointly identified by the Member Jurisdictions.