Common use of Final Disbursement Clause in Contracts

Final Disbursement. The Final Disbursement shall be the Funding Amount as determined under Section 9 of this POA, less the Initial Disbursement. The City will pay to the Property Owner the Final Disbursement within a reasonable period of time following receipt of the Project Completion Report, as determined by the City. Any City payment will be made by cheque payable to the Property Owner.

Final Disbursement. The Final Disbursement shall be the Funding Amount as determined under Section 9 of this POA, less the Initial Disbursement. The City Town will pay to the Property Owner the Final Disbursement within a reasonable period of time following receipt of the Project Completion Report, as determined by the CityTown. Any City Town payment will be made by cheque payable to the Property Owner.