City Budget Sample Clauses

City Budget. (a) For each City, Contractor shall provide Owner a preliminary City Budget developed from the preliminary Site count derived from the approved Preliminary City Network Design multiplied by the standard fixed price of each applicable Standard Site, based on the mix of Standard Sites predicted by the Parties upon completion of the applicable Preliminary City Network Design. Standard Sites are described on Attachment 5 hereto. (b) For each City, Contractor shall provide Owner a revised City budget when 90% of the Primary Candidate Sites for the City are selected (i.e., upon completion of Milestone RF2). This revised City Budget shall be calculated by multiplying the number of projected Sites for the City by the standard fixed price of the applicable Standard Site with estimates for the remaining 10% of undetermined Sites. (c) Contractor shall provide Owner a second revised City Budget when a Site Lease Agreement has been executed (including Master Lease Agreements) for 80% of the Sites within the Revised City Network Design (as defined in Section 3.4 below). This revised City Budget shall be calculated (i) by multiplying the number of projected Sites for the City by the standard fixed price of each applicable Standard Site, or (ii) based upon actual Site configuration and/or the ▇▇▇▇ of materials for such Site, if available. The City Budget shall also set forth Contractor's estimates of Permitted Reimbursable Expenses, Pass-Through Expenses and Unit Prices and provide estimates for the remaining 20% of undetermined Sites. (d) The City Budget shall be prepared for Owner's planning purposes and not Contractor's management purposes.

City Budget. Subject to the IFD Act and the Funding Goals, and based upon the information provided by Developer, City shall: 5.2.1. budget the expenditure of the expected Net Available Increment only to: (A) pay debt service due in the next Fiscal Year on any applicable Public Financing incurred or to be incurred to pay Qualified Project Costs; (B) repay the City for any Conditional City Increment used to pay debt service on IFD Debt in the manner set forth in Section 3.5(d) and to the extent set forth in Section 3.3(e); and (C) finance Qualified Project Costs; and 5.2.2. apply any Net Available Increment it receives to the budgeted purposes, subject to the covenants of the applicable Indentures for IFD Debt and the Funding Goals.

City Budget. The City’s adopted budget will reflect the updated cash flows submitted pursuant to Section 4.2.

City Budget. The City’s proposed 2018/19 – 2023/24 Capital Improvement Program, as part of its Fiscal Year 2018 and Fiscal Year 2019 biennial budget, shows $900,000 for the Fiscal Year 2018/19, $2,100,000 for the Fiscal Year 2019/20, and $850,000 for the Fiscal Year 2020/21 to fund the Trunk Sewer Lines. The City agrees, contingent upon approval of a 5% increase in Sanitary Sewer User Fees in each of the 2018-19 and 2019/20 fiscal years, to budget and approve in the Fiscal Year 2018 and Fiscal Year 2019 biennial budget the total sum of $3,000,000 to timely pay for the construction of the Salt Creek Trunk Extension to be completed by the Trunk Completion Date set forth below.