Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.
Funding Amount “Funding Amount” means an amount not to exceed Fifty Thousand Dollars ($50,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.
Loan Amount The City agrees to loan Bach an amount not to exceed Seventeen Thousand, Six Hundred Forty Dollars ($17,640) or eighty percent (80%) of the actual cost of installing a fire suppression system in the Building, whichever is less. Before the City of Rapid City will distribute any funds under this agreement, Bach must provide documentation of the amount actually expended for the installation of the fire sprinkler system to the City Finance Officer.