County Payment Sample Clauses

County Payment. The County agrees to pay current, annually-appropriated funds to the City for deposit into the Tax Increment funds created by the City for TIRZs (the “Tax Increment Funds”) fifty percent (50%) of the tax increment attributed to the captured appraised value of the County in the TIRZs, except that the tax increment attributed to the captured appraised value of the County for the Anarene/Double L properties shall be twenty-five percent (25%). The County’s obligation to make these payments will accrue only after taxes on the captured appraised value are collected by the County. Payments shall be due on May 1 of each year during the term of the Agreement. No interest or penalty will be charged to the County for any payments made by the County based on collections that occur after this due date. The County may offset against future payments to the Tax Increment any portion of payments to the City under this Agreement that the County subsequently refunds to taxpayers pursuant to the provision of the Texas Tax Code.

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County Payment. The County agrees to pay current, annually-appropriated funds to the City for deposit into the Tax Increment funds created by the City for TIRZs (the “Tax Increment Funds”) fifty (50%) of the tax increment attributed to the captured appraised value of the County in the TIRZs. The County’s obligation to make these payments will accrue only after taxes on the captured appraised value are collected by the County. Payments shall be due on May 1 of each year during the term of the Agreement. No interest or penalty will be charged to the County for any payments made by the County based on collections that occur after this due date. The County may offset against future payments to the Tax Increment any portion of payments to the City under this Agreement that the County subsequently refunds to taxpayers pursuant to the provision of the Texas Tax Code.

County Payment. Subject to the conditions set forth in Section 2, the County agrees to pay to the Company Four Hundred Thousand Dollars ($400,000) in one lump sum, as a financial assistance to preserve the Property in a manner consistent with the Preservation Requirements as set forth herein. Company shall request payment following the 60th day of Continuous Operations, but no earlier than July 1, 2015. A proper request for payment must include the following: (a) name and address of the Company, (b) the Company’s Federal Tax Identification Number, (c) payment amount due, (d) Certificate of Compliance for the Property (e) completed New Jobs Report form (Attachment 1), and (f) any such other information deemed necessary by the County to ensure compliance with the terms of this Agreement and specifically requested in a written notice to the Company. County shall pay said invoice within 30 days of receipt and approval.

County Payment. Upon substantial completion of each phase of the Rose Creek Improvements, City shall submit records of the actual cost of completing these improvements, including a breakout of the costs that are strictly flood control related. Only County approved flood control related work is considered eligible for reimbursement. Within thirty (30) days after receipt (as defined in section 5.1. of this Agreement) of the records by the County, County shall pay to the City the actual flood control cost of completing the improvements. Such payments shall not exceed $225,000 for the improvements completed in the year 2021. For improvements completed in 2022, County shall pay to City the actual flood control costs not to exceed $200,000. If additional funds are approved by the Salt Lake County Mayor and Salt Lake County Council for following years, written notification will be sent to Riverton City. Possible future funding shall follow the same protocols as the initial funding. B. Section 2(a) is hereby added: 2(a). Unexpended funds allocated to this project by amendment to the Agreement for the preceding year may, at the County’s discretion, be added to the allocation for the subsequent year without further amendment of this Agreement, i.e. unexpended funds from the Second Amendment allocated for 2020 may be added to the funds allocated for 2021 pursuant to the Third Amendment, etc. C. All parts, paragraphs, and other provisions of the Agreement not specifically modified by this Amendment shall be the same and remain in full force and effect.

County Payment. Subject to the conditions set forth in Section 2, the County agrees to pay to the Company Two Hundred Sixty Four Thousand Eight Hundred Seventy Three Dollars (264,873.00) annually for a term of fifteen (15) years as a financial assistance to preserve the ▇▇▇▇ Tar Building in a manner consistent with the Preservation Requirements as set forth herein. The total maximum possible County Payments shall not exceed Three Million Nine Hundred Seventy Three Thousand Ninety Five Dollars ($3,973,095.00) over the term of this Agreement.

County Payment. On or before the expiration of an Agreement term, the City shall submit an invoice for the Total Contract Price for the management services to the System Manager of the WCRCS, ▇▇▇ ▇▇▇▇▇ ▇▇., Georgetown, Texas 78626. All invoices received by the County shall be paid in full within thirty (30) days of the County's receipt of the invoice. If payment is not timely made, interest shall accrue on the unpaid balance pursuant to Section 2251.025 of Chapter 2251 of the Texas Government Code. If the City does not submit a timely invoice, this does not negate or waive County's payment obligation or City right to payment.

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