Predevelopment Funds Sample Clauses
Predevelopment Funds. Upon review and approval of the HOPE VI Budget, as described in Article VII(C)(1), HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCS. The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.
Predevelopment Funds. Upon review and approval of the Choice Neighborhoods Budget as described in Article VI, HUD will make the approved predevelopment funds available to the Grantee for drawdown in LOCCS. The Grantee will ensure that the funds are expended in conformance with the HUD-approved Predevelopment Budget.
Predevelopment Funds. The City agrees to provide PMF with predevelopment funds in the amount of Two Hundred and Fifty Thousand Dollars ($250,000) (the “Funds”) in order to pay certain expenses related to the PMF Responsibilities. Such Funds shall be subject to the City’s General Ordinances concerning affirmative action, workforce utilization, nondiscrimination and accessibility. PMF shall keep a record tracking the expenditure of the Funds which the City shall have access to upon reasonable request to inspect such record.