Community Investment. The Purchaser acknowledges that the Vendor has a history of providing financial support in the form of donations, sponsorships and bursaries to community organizations. For a period of at least five years following the Effective Date, the Purchaser shall provide a minimum of $1,000 in funding per year to support community organizations which were either supported by the Vendor prior to the Effective Date or are similar to the ones supported by the Vendor prior to the Effective Date. The Purchaser will assess the impact and benefit of these initiatives at the end of the five year period and may continue supporting such organizations where it is determined that value exists.
Community Investment. Horizon agrees that, for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by LPSB. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s La Porte County’s Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s CEO.
Community Investment an annual community investment to be made by the Bills and the Developer approximating a value of at least Three Million U.S. Dollars ($3,000,000.00).
Community Investment. Horizon agrees that for a period of five (5) years following the Effective Time, it shall cause Horizon Bank to donate $50,000 annually to nonprofit organizations and/or community schools in the markets served by Wolverine Bank. The continuation of these annual donations will be dependent upon Horizon’s continued financial performance, and their permissibility under applicable law, including all banking regulations. These donations shall be administered by Horizon’s Great Lakes Bay Region Advisory Board, subject to oversight by the Horizon Bank Board of Directors and/or Horizon’s Chief Executive Officer.
Community Investment. The Community Investment shall consist of the items and/or parameters set forth in Exhibit B attached hereto as updated and amended from time to time. The Company shall commence construction of the Community Investments not later than thirty (30) days following the closing of the Bonds (as described herein), and shall use its best efforts to complete construction and equipping of the Community Investments no later than 15 months following commencement, subject to permitted delays provided for in Section 3.04 hereof.
Community Investment. Seller shall perform the obligations related to community investment set forth in Exhibit S. 44 13.7 Additional Seller Covenants. 44
Community Investment. KCPL agrees to grant $180,000 to implement the recommendations of the Kansas City, Missouri Climate Protection Plan administered by the City of Kansas City, Missouri regarding projects in the Kansas City area that employ energy efficiency, renewables, emission control technology, or carbon reduction technology. The projects to be funded by this grant are separate from those required to be undertaken by subsections a, b, and c of this Section. In addition, KCPL agrees to grant $60,000 to support ozone and PM monitoring within the greater Kansas City region, to be administered by the Mid-America Regional Council; agrees to grant $100,000 for City of Weston drinking water infrastructure upgrades, payable within 10 days from the date the last dismissal required in Section IV of this Agreement becomes effective, to the City of Weston, Attn: Mayor Xxxxxx Xxxxxxxxxx, City Xxxx, 000 Xxxx, Xxxxxx, XX 00000; and agrees to fund a new left turn lane at Highway 45 and Iatan Road.
Community Investment. Grants for Part C.3 1,710,000 100% of the Project
Community Investment. Memorandum Feb 22, 2016 TO: Redevelopment Commission FROM: Xxxxx Xxxxxxxxx, Assistant Executive Director SUBJECT: Agreement To Buy and Sell Real Estate – Cleveland and Olive Road Xxxxxxxx Property Services Midwest, Inc. This Agreement To Buy and Sell Real Estate (Agreement) is for two tracts of land near each other on Cleveland and Olive Roads. The Cleveland property is a 10 acre site which went through the disposition process in 2012. It has been listed for sale for over a year with no offers being made with a reduced price of $199,000. This parcel is long and narrow with only approximately 300 feet of frontage on Cleveland, making it difficult for redevelopment. The second tract of land are six parcels along Olive that recently went through the disposition process with no bids being received, and comprise approximately 5 acres. Five of these six parcels front Olive and are only 200 feet in depth, making redevelopment of them also difficult. Xxxxxxxx owns property in this area, and would like to assemble these properties with theirs, thereby making a larger, developable property. Highlights of this Agreement are: • Purchase price of $115,000 • Xxxxxxx deposit of $3,750 • 45 day due diligence period • Close within 30 days after the due diligence period • Buyer pays all closing costs Staff requests approval of this Agreement.
Community Investment. Seller shall perform the obligations related to community investment set forth in Exhibit Q.
