Historic Preservation Contribution. Prior to obtaining a building permit for the Project, Developer shall create a separate, interest- bearing trust fund and make a contribution in the amount of seventy-five thousand dollars ($75,000). The monies available in this fund shall be used exclusively for historic preservation programs for the Downtown area in the City. These monies shall be applied for and distributed in accordance with a process, to be established by the Planning Director, whereby those entities that are exclusively devoted to historic preservation may make an application to receive distribution of some or all of the trust funds.
Appears in 3 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
Historic Preservation Contribution. Prior to obtaining a building permit for the Project, Developer shall create a separate, interest- bearing trust fund and make a contribution in the amount of seventytwenty-five thousand dollars ($75,00025,000). The monies available in this fund shall be used exclusively for historic preservation programs for the Downtown area in the City. These monies shall be applied for and distributed in accordance with a process, to be established by the Planning Director, whereby those entities that are exclusively devoted to historic preservation may make an application to receive distribution of some or all of the trust funds.
Appears in 1 contract
Samples: Development Agreement
