ECONOMIC DEVELOPMENT PROGRAM INCENTIVES Sample Clauses
The Economic Development Program Incentives clause outlines the specific financial or non-financial benefits offered to encourage investment, job creation, or other economic activities within a designated area or project. These incentives may include tax abatements, grants, reduced fees, or infrastructure support, and typically apply to businesses or developers meeting certain eligibility criteria or performance benchmarks. By clearly defining the available incentives and the conditions for receiving them, this clause helps attract targeted economic activity and ensures transparency in the administration of development programs.
ECONOMIC DEVELOPMENT PROGRAM INCENTIVES. The Incentives offered by the CITY to the DEVELOPER in this Agreement shall be in compliance with the Policy in effect as of the Effective Date of the Agreement, which Policy may be amended from time to time. Should the Incentives provided in this Article exceed the maximum amount authorized in the Policy, then that award shall be automatically amended to provide only the amount authorized by the Policy. No disbursement of Incentives shall be made until the following:
(a) Execution of the Agreement by all Parties; and
(b) Receipt of evidence of the issuance of a building permit from the CITY of San Antonio for the Project's location on or prior to the Commencement Date; and
(c) Commencement of construction on the Project to be evidenced by the submission and receipt ofa letter confirming commencement by the general contractor to CITY on or prior to the Commencement Date; and
(d) Receipt by the CITY of evidence in the form of a letter from a qualified financial institution confirming DEVELOPER has funds available on deposit or under an existing credit facility or construction loan sufficient to complete the Project on or prior to the Commencement Date.
ECONOMIC DEVELOPMENT PROGRAM INCENTIVES. The Incentives offered by the CITY to the DEVELOPER in this Agreement shall be in compliance with the Policy in effect as of the Effective Date of the Agreement, which Policy may be amended from time to time. Should the Incentives provided in this Article exceed the maximum amount authorized in the Policy, then that award shall be automatically amended to provide only the amount authorized by the Policy. 3 CCHIP Agreement - ▇▇▇▇▇ ▇▇▇▇▇ Senior Apartments waivers in the approximate amount of FOURTEEN THOUSAND SIX HUNDRED EIGHT DOLLARS AND 0 CENTS ($14,608.00) and SAWS fee waivers in the approximate amount of NINETY-SEVEN THOUSAND ONE HUNDRED SEVENTY-NINE DOLLARS ANDO CENTS ($97,179.00), as summarized in the attached CCHIP Agreement Term Sheet, Exhibit D. The Fee Waivers are administrative in nature but are reflected in the attached Fee Waiver Transmittal, Exhibit E.
ECONOMIC DEVELOPMENT PROGRAM INCENTIVES. The Incentives offered by the CITY to the DEVELOPER in this Agreement shall be in compliance with the Policy in effect as ofthe Effective Date of the Agreement, which Policy may be amended from time to time. Should the Incentives provided in this Article exceed the maximum amount authorized in the Policy, then that award shall be automatically amended to provide only the amount authorized by the Policy. . No disbursement of Incentives shall be made until the following:
(a) Execution of the Agreement by all Parties; and
(b) Receipt of evidence of the issuance of a building permit from the CITY of San Antonio for the Project's location on or prior to the Commencement Date; and
(c) Commencement of construction on the Project to be evidenced by the submission and receipt ofa letter confirming commencement by the general contractor to CITY on or prior to the Commencement Date; and
(d) Receipt by the CITY of evidence in the form of a letter from a qualified financial institution confirming DEVELOPER has fonds available on deposit or under an existing credit facility or construction loan sufficient to complete the Project on or prior to the Commencement Date.
ECONOMIC DEVELOPMENT PROGRAM INCENTIVES. The Incentives offered by the CITY to the DEVELOPER in this Agreement shall be in compliance with the Policy in effect as of the Effective Date of the Agreement, which Policy may be amended from time to time. Should the Incentives provided in this Article exceed the maximum amount authorized in the Policy, then that award shall be automatically amended to provide only the amount authorized by the Policy. No disbursement of Incentives shall be made until the following:
ECONOMIC DEVELOPMENT PROGRAM INCENTIVES. The Incentives offered by the CITY to the DEVELOPER in this Agreement shall be in compliance with the Policy in effect as of the Effective Date of the Agreement, which Policy may be amended from time to time. Should the Incentives provided in this Article exceed the maximum amount authorized in the Policy, then that award shall be automatically amended to provide only the amount authorized by the Policy. ($688,622.26), as summarized in the attached CCHIP Agreement Term Sheet, Exhibit D. No disbursement of Incentives, other than fee waivers, shall be made until receipt by CITY of the following:
(a) Fully executed Agreement by all Parties; and
(b) Evidence of the issuance of a building permit from the City of San Antonio for the residential component of the Project on or prior to the Commencement Date; and
(c) A letter by the general contractor confirming commencement of construction of the project; and
(d) A letter from a qualified financial institution, Financial Controller, or Certified Public Accountant confirming DEVELOPER has funds available on deposit or under an existing credit facility or construction loan sufficient to complete the Project on or prior to the Commencement Date; and
(e) Documentation of design approval for the Project by the Historic and Design Review Commission.