Grant of Funds. In order to support redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redeveloper Improvements and Public Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”) as shown in Exhibit “A”, to make a grant or grants to Redeveloper in the total amount of the TIF Proceeds less the City’s cost to issue the TIF Bond, subject to reimbursement as provided in Paragraph 16 below for the Public Improvements. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Public Improvement Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. Grantor hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by Grantor based on the number of natural gas and/or electric accounts served by Grantor in Grantee in accordance with NOPEC Policy in the amount determined by Grantor (“Funds”), for the purposes set forth in Grantee’s Grant Disbursement Request, as amended, and incorporated by reference into this Agreement.
Grant of Funds. In consideration of its completion of its portion of the project, the City hereby grants to Grantee the sum of FIFTY THOUSAND DOLLARS AND NO CENTS ($50,000.00).
Grant of Funds. In order to support acquisition and redevelopment of the Project Site and as an inducement for the Redeveloper to construct the Redeveloper Improvements, the City agrees, to the extent allowed by law and then only to the extent funds (TIF Funds) are lawfully available from the issuance of the TIF Bond, to make a grant of TIF Bond proceeds (TIF Proceeds) to Redeveloper in the amount of $200,000, less the City=s cost of issuing the TIF Bond. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on eligible Project Costs. Any ineligible use of the grant shall immediately be repaid to the City.
Grant of Funds. NOPEC hereby grants a NOPEC Energized Community Grant (“NEC Grant”) to Grantee in the amount calculated by NOPEC based on the number of natural gas and/or electric accounts served by NOPEC in Grantee in accordance with NOPEC Policy in the amount determined by NOPEC (“Funds”), for the purposes set forth in Grantee’s Grant Application, as amended, and incorporated by reference into this Agreement for the Project(s) described on Schedule(s) to this Agreement.
Grant of Funds. In order to support redevelopment of the Project Site and as an inducement for the Redeveloper to construct the applicable Phase One and Phase Two Redeveloper Public Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the issuance of the TIF Bond (“TIF Proceeds”), to make a grant or grants to Redeveloper in the total amount of the TIF Proceeds less the City’s cost to issue the TIF Bond (“Grant Funds”), to reimburse Redeveloper for the cost of the applicable Phase One and Phase Two Redeveloper Public Improvements identified in Paragraphs 2B and 3B, respectively. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the expenditures were eligible Redevelopment Project Costs. Any ineligible use of the Grant Funds shall immediately be repaid to the City.
Grant of Funds. The City shall pay to the Company, on a reimbursement basis, an amount not to exceed xxxxx THOUSAND AND x HUNDRED AND x-x DOLLARS ($xx,xxx ) (“Grant”) for the Company’s completion of the Project (as defined above). Provided the Company is in compliance with the terms and conditions of this Agreement, the City shall make such payment within thirty (30) days after the Company’s request for payment of the Grant funds and submission of invoices and any other information necessary to substantiate compliance. Nothing herein shall be construed to grant the City any ownership interests in the Project, and the City shall have no liability whatsoever related to the Project.
Grant of Funds. In order to support redevelopment of the Project Area and as an inducement for the Redeveloper to construct the Redeveloper Project Improvements, the City agrees, to the extent allowed by law and then only to the extent funds are lawfully available from the issuance of the TIF Bond and receipt of proceeds from the sale thereof (“TIF Bond Proceeds”) as shown in Exhibit “C”, to make a grant or grants to Redeveloper to reimburse Redeveloper (or make payments directly to Redeveloper’s Contractor) as provided in Section 503 below for the Public Enhancements, and Redeveloper Public Improvements in a maximum amount not to exceed the total amount of TIF Bond Proceeds remaining after first reimbursing the City for the City’s cost to issue the TIF Bond, and second reimbursing the City for its cost to record the Façade Agreement and Memorandum of Redevelopment Agreement and Use Restrictions. Redeveloper shall submit authentic and satisfactory documentation to the City to verify the grant was expended on TIF eligible Redeveloper Project Costs. Any ineligible use of the grant shall immediately be repaid to the City. 502. TIF.
Grant of Funds. A. In order to support redevelopment of this Redevelopment Project and as an inducement for Redeveloper to construct the Private Improvements and Redeveloper Public Improvements, the City agrees to the extent allowed by law and then only to the extent funds are lawfully available from issuance of the TIF Indebtedness from the TIF Bond (“TIF Proceeds”) to pay on behalf of or make a grant of funds (“Grant Funds”) to the Redeveloper up to the total amount of the remaining TIF Proceeds, less the amounts expended on the First and Second Priority Items, to pay the for the cost of the Redeveloper Priority Expenses identified as Third Priority Items. In order to receive reimbursement from Grant Funds, the Redeveloper shall submit authentic and satisfactory documentation to the City to verify the Private Improvements and Redeveloper Public Improvements have been substantially completed and that the expenditures were made for eligible Redeveloper Priority Expenses pursuant to Section 503 A 2. The City shall maintain a record of all expenditures to determine the total amount of TIF Proceeds expended on Redeveloper Priority Expenses.
Grant of Funds. A. In order to support redevelopment of this Redevelopment Project and as an inducement for Developer to construct the Private Improvements, the City agrees to the extent allowed by law and then only to the extent TIF Revenues are lawfully available for each Phase (“TIF Proceeds”) to pay on behalf of or make a grant of funds (“Grant Funds”) to the Developer to fund eligible Developer Priority Expenses set forth in Section 503. In order to receive payment or reimbursement from Grant Funds, the Developer shall submit authentic and satisfactory documentation to the City to verify the Private Improvements have been substantially completed or made for said Phase and that the expenditures were made for eligible Developer Priority Expenses. The City shall maintain a record of all expenditures of the TIF Proceeds to determine the total amount of TIF Proceeds expended on Developer Priority Expenses.
