City Obligation. The City shall have no design and construction obligations with respect to utilities other than as may be included in the City’s obligations with respect to City Traffic Improvements.
City Obligation. The CITY warrants:
City Obligation. The City agrees that it will continue to provide the twenty year retirement plan, now in effect, for all members of the bargaining unit with the practices heretofore prevailing. The one year final average salary option specified in the Retirement and Social Security Law, Section 302 subd. 9(d) shall be continued. Additionally, the City shall make available the program established by Section 375-i of the New York State Retirement Law. Effective January 1, 1994 the City shall adopt the benefits 3300607.4 6/7/2019 set forth in Section marked 384(e) of the New York State Retirement and Social Security Law (Policemen’s and Firemen’s Retirement System) for members of this collective bargaining unit. On December 31, 1994 the City will withdraw from Section 384(e) thereby placing unit employees hired after that date in section 384(d). This withdrawal will take place at such date closest to December 31, 1994 as allowed by the New York State Retirement System to accomplish the purpose intended.
City Obligation. In return for the County’s performance of its obligation set forth above, the City shall pay the County the total sum of $30,175.00 as set out in the estimate attached hereto as part of Exhibit “A.” This is an estimate, and should the County’s hours to complete the project take longer than estimated, the City agrees to reimburse the County for any overage. Payment is due within 30 days of the completion of the Project, and shall be made by a check payable to McLennan County delivered to the McLennan County Treasurer.
City Obligation. The City agrees to assume and accept the City Obligation to repay the Loan in the amount of $1,480,000 plus interest thereon. The amounts to be paid by the City pursuant to this Agreement representing interest due on its City Obligation shall be computed at the same rate or rates of interest borne by the corresponding maturities of the Bonds which rate or rates shall be determined by the County Council at the time of the sale of the Bonds, based on then current market conditions. The amounts to be paid by the City pursuant to this Agreement representing principal due on its City Obligation shall be computed and scheduled to provide funds sufficient to pay the principal of the Loan as the same shall mature, based on the Loan repayment and City Obligation maturity schedules attached as Exhibit B hereto. Such schedules shall be prepared by the County and attached at the Bond Closing and a copy sent to the City.
City Obligation. The City, at its sole cost and expense, shall provide or cause the respective utility companies to provide the utility services as set forth on Exhibit C-1 and shown on Exhibit C-3 which shall be required to facilitate any increased capacity needs due to the development of the Project Site as envisioned by the Redevelopment Plan. Such utility services shall be provided as depicted on Exhibit C-3 attached hereto. The City shall provide the Redeveloper with a plan showing the utility services to be provided by the City and their location.
City Obligation. In consideration and as a material inducement for Developer fulfilling the Developer Obligations, the City shall authorize the Sewer Alternative.
City Obligation. Coordinate scheduling of PMT meeting City Deliverables: • Consolidated comments of draft code concepts • Published schedule of community event • Link to City website showing public materials Schedule: January-February 2021
City Obligation. The City has no direct obligation to Subtenant under this Sublease and may at its option, at any time after the BNP’s Lease with the City shall terminate, provided Subtenant is, and remains, in default and fails to cure, or commence a diligent effort to cure, such default after sixty (60) calendar days’ notice from City, seek judicial termination of this Sublease. Notwithstanding the foregoing, upon and at any time after the expiration of the BNP’s Lease with the City, the City shall have the unilateral right to terminate the Subtenant’s tenancy (and this Sublease) upon two calendar month’s prior written notice to the Subtenant.
City Obligation. For and in consideration of HSE satisfying in full the HSE Obligations (as defined in Section 3), the City shall satisfy in full the following:
