County Grant. The parties acknowledge tThe County agrees to appropriated a grant to the Authority in the amount of one million dollars ($1,000,000.00) within thirty days of the original is Agreement between these parties dated September 18, 2019, ’ s execution.and tThe Authority paidagrees to pay the $1,000,000.00 to the Company within thirty days of receiving the appropriation from the County. The Company agrees that it will use the grant funds to fulfill its parking and pedestrian bridge and trail construction and transit partnership obligations.
County Grant. Developer shall submit documentation that is reasonably satisfactory to City evidencing that Developer has received approval for the County Grant from the County. Developer shall also provide copies of all draft loan documents and other instruments evidencing, securing or otherwise relating to the County Grant.
County Grant. The County hereby grants the Grantees: a. $3,243,287.18
County Grant. Subject to the terms and conditions of this Agreement, the County shall provide PDC with an annual grant equal to the amount of its annual share of Shared Revenues due to the County as a taxing jurisdiction for each NPI District (“Granted Revenues”) for the Term (as hereinafter defined) of each NPI District.
County Grant. The County shall grant to the Grantee a maximum total amount of $279,000 in HCD Grant funds (“County Grant”). Disbursement of the County Grant shall occur upon satisfactory receipt of copies of invoices and conditional (upon receipt of payment) lien releases for constructions costs to be paid with the proceeds of the County Grant. Any disbursement of funds is expressly conditioned upon the satisfaction of the County. County shall pay to Grantee on a “cost-as incurred” basis for all eligible approved costs. Unless an “Event of Acceleration” (as that term is defined herein) occurs prior to the expiration of the Affordability Period, (a) no interest shall accumulate on the County Grant, and (b) upon the expiration of the Affordability Period, the Agreement and the County Grant Documents shall be cancelled and the County Grant shall be deemed satisfied. The Declaration shall be recorded as a senior lien against the Property.
