City Payment Clause Samples
City Payment. City shall reimburse Developer, in an amount not to exceed the Maximum Reimbursement Amount and subject to the terms and conditions herein, for the Sewer Income Fund Eligible Expenses of design, development, and construction of Developer’s Sewer Improvements. City acknowledges and agrees that all of the Estimated Costs identified in Exhibit A are Sewer Income Fund Eligible Expenses. The City represents and warrants to Developer that, as of the Execution Date, the aggregate amount of funds on deposit in the Sewer Income Fund is equal to or greater than the Maximum Reimbursement Amount and that the City will use its reasonable efforts to manage the Sewer Income Fund in a manner so that the aggregate amount of funds on deposit in the Sewer Income Fund during the term of this Agreement is sufficient to pay all Reimbursable Costs in accordance with this Agreement. To the extent that the amount of funds in the Sewer Income Fund are insufficient to pay all Reimbursable Costs, City shall identify alternative funds from which to pay City’s Sewer Facility Contribution obligation pursuant to the DDA.
City Payment. The Subrecipient expressly agrees and understands that the total amount to be paid by the City under this Agreement shall not exceed [Insert Dollar Amount]. Drawdowns for the payment of eligible expenses shall be made against the line item budgets specified in Exhibit “B”, which is incorporated herein by reference and made a part of this agreement, and in accordance with the Subrecipient’s performance. Expenses for general administration shall also be paid against the line item budgets specified in Exhibit “B”, which is incorporated herein by reference and made a part of this Agreement, and in accordance with the Subrecipient’s performance.
City Payment. The City shall reimburse the County for the County Project in an amount not to exceed EIGHTY-THREE THOUSAND SEVEN HUNDRED NINETY-TWO AND NO/100 DOLLARS ($83,792.00) for the design, right-of-way acquisition, and construction, including utility relocation costs for utilities not owned by the City (together “City Participation Amount”). The County will submit an invoice for the City Participation Amount upon award of the construction contract.
City Payment. After satisfactory completion of Sections 3.1 requirements in conformance with the Agreement, the Developer may invoice the City for the City Payment equal to the Maximum Public Investment so long as the total cost of the Streetscape Enhancements exceed the Maximum Public Investment. The invoice shall document, to the reasonable satisfaction of the City: the costs of Construction directly relating to the Streetscape Enhancement. The Developer shall also provide any additional information related to the Construction as may be reasonably requested by the City. Within 60 days after the City receives the City Payment invoice, with appropriate documentation, the City shall send the Developer a check for the City Payment.
City Payment. The City shall “pick up,” assume, and pay the full amount of the statutorily required contribution of the employees who are members of the P.E.R.S. This “pick- up” is and shall be in lieu of contributions to the P.E.R.S., and the extent thereof, each Bargaining Unit member’s salary shall be reduced. This “pick-up” by the City of P.E.R.S. contribution shall be mandatory and no employee subject to this “pick-up” shall have the option of choosing to receive the statutorily required contribution to the P.E.R.S.
City Payment. The City will pay the County for the full amount of the City Waterline construction using the following payment schedule: • 30% within 30 days after contract award. • 30% when construction of the City Waterline is 30% complete as determined by the value of the work completed to date against the contract amount. • 30% when construction of the City Waterline is 60% complete as determined by the value of the work completed to date against the contract amount. • Final 10%, including any adjustments for change orders, at substantial completion of the City Waterline.
City Payment. The City shall pay the Contractor for certain towing and storage services, as follows.
City Payment. The City agrees to pay Chamber a stipend each year, which payment shall be set by the City Council according to its yearly budget. The parties further agree that the mutual covenants and promises contained herein shall constitute good and sufficient consideration for the execution of this MOU.
City Payment. City shall pay Honeywell as set forth in Schedule D (Compensation to Honeywell and Deliverables). All other payment and contract provisions of Fla. Stat. § 287.058 (1), are incorporated herein by reference. Payment is governed by the Florida Prompt Payment Act.
City Payment. The City will make payments to the Developer from sales tax revenues pursuant to Chapter 380 of the Texas Local Government Code to the Developer in the amount of 100% of the Annual Sales Taxes Collected at the Project as defined below over $300,000; however, if the multi-screen theater is completed pursuant to the terms of this Agreement and the Developer is entitled to the second component of the Economic Development Grant of $1,000,000 as stated in Section 6.(1) above, the City will make payments to the Developer in the amount of 100% of the Annual Sales Tax Collected at the Project as defined below over $325,000 (the “City Payment”). The City Payment shall be paid in annual installments beginning fourteen months after the date the Wal-Mart Super Store opens to the public. The City shall have the right to pay the City Payment more frequently than annually. If this Agreement is not terminated prior to its expiration, the final City Payment to the Developer shall be that portion of the Annual Sales Taxes Collected at the Project as of the date of the expiration of this Agreement.