Common use of Multi-Year Projects Clause in Contracts

Multi-Year Projects. A Project may be implemented over multiple years and may be financed by the Municipality’s allocation of the Opportunity Fund in the year of Project approval and by the Municipality’s anticipated allocation of the Opportunity Fund in future years. However, District approval of a Project shall not be construed as nor constitute a District obligation or commitment to authorize a property tax levy or set aside a portion of a property tax levy for the Opportunity Fund in calendar years beyond the year in which a Project is approved.

Multi-Year Projects. A Project may be implemented over multiple years and may be financed by the Municipality’s 's allocation of the Opportunity Fund in the year of Project approval and by the Municipality’s 's anticipated allocation of the Opportunity Fund in future years. However, District approval of a Project shall not be construed as nor constitute a District obligation or commitment to authorize a property tax levy or set aside a portion of a property tax levy for the Opportunity Fund in calendar ·years beyond the year in which a Project is approved.