Project Requirements. Failure to comply with the following requirements will result in a suspension of all other operations:
Project Requirements. A. Project must conform to regulations under 24 CFR Part 92. The HOME Investment Partnerships Program regulation. Specific references can be found as follows: 24 CFR 92.250, Maximum Per Unit Subsidy: The amount of HOME funds invested per unit may not exceed the per-unit dollar limits established under section 221 (d)(3)(ii)of the National Housing Act (12 U.S.C. 17151(d)(3)(ii)) for elevator-type projects that apply to the City of Wichita. 24 CFR 92.251, Property Standards: Housing constructed with HOME funds must meet all applicable local codes, ordinances and zoning ordinances at the time of project completion, and must comply with the current version of Energy Star. Housing must be inspected upon completion and throughout construction to verify compliance. 24 CFR 92.254(a)(2)(iii), Maximum Property Value: Housing created or acquired and rehabilitated with HOME funds must be modest in nature and affordable to a low-income buyer. The maximum purchase price or value cannot exceed 95 percent of median purchase price for the area, as determined by HUD.
Project Requirements. The provisions of this Section 9.3 shall apply to all Alterations, whether or not requiring Landlord’s approval (unless otherwise noted):
Project Requirements. Prior to commencement of Engineer’s design services, Owner shall provide an affirmative statement setting forth the design objectives, constraints and criteria for the Project, including space requirements and relationships, flexibility and expandability, special equipment and systems, and site requirements. Prior to commencement of Engineer’s design services, Owner shall set forth and approve a specific project budget. The budget for the project shall not be significantly increased or decreased, nor shall contingencies be included therein without Engineer’s agreement to a corresponding change in the scope and quality.
Project Requirements. 2.2.1 The Project shall be designed to avoid the construction cost exceeding the construction budget as outlined in the Design Criteria, Article 17. This amount represents the Project construction budget.
Project Requirements. The Borrower will comply with the specific Project Requirements as listed in Exhibit 1. All development activities shall be performed in material compliance with the applicable budget, as detailed in Exhibit 2 of this Agreement (the "Budget"). Eligible development expenses, pursuant to the Project Requirements as detailed in Exhibit 1 and Budget as detailed in Exhibit 2 incurred after approval of the funding by Common Council, shall be eligible for reimbursement by the City from proceeds of the Loan. This Agreement shall become effective upon the date first stated above. The City’s agreement to provide the Borrower with AHF funds to partially finance this specific local Project is based on the Borrower having submitted documentation demonstrating that all necessary financing has been secured, an adequate budget and feasible project schedule have been established, and construction is scheduled to start, as evidenced by a building permit, within twelve (12) months of the agreement date. The Borrower certifies that all necessary project financing has been firmly committed at the time of execution of this Agreement. The Borrower further agrees to furnish all information, reports, and recommendations regarding the development activities conducted under this Agreement and reasonably requested by the City including, but not limited to, financial statements and reports, reports related to development activities and beneficiaries, and any other reports or documents reasonably requested. Any other reports or documents shall be provided within ten (10) business days after the Borrower receives the City's written request, unless the parties agree in writing to a longer period. In addition, the Borrower will respond to questions regarding the community’s need for the Borrower’s development activities and related services and the cost of such development activities, including questions from City officials or employees, as defined in Sec. 2.40 (3)(i), MGO.
Project Requirements. Subject only to Section 5.4 and notwithstanding any other provision of this Agreement, the Contractor’s obligation to design and build the New Infrastructure and the Service Roads in accordance with the Project Requirements is absolute, and cannot be modified or waived except by amendment of the Project Requirements made in accordance with Section 7.1. If the Contractor asserts that any aspect of the Project Requirements is uncertain or ambiguous, either party may require that the interpretation of that aspect of the Project Requirements be determined by the Dispute Resolution Procedure. The Province acknowledges that it is responsible for the adequacy and suitability of the Project Requirements, and shall indemnify the Contractor against any claims by third parties (including the reasonable cost of defending such third party claims, on a solicitor and client basis) for personal injuries or property damage to the extent that the Province has agreed with the Contractor, or a Court has determined, that such injury or damage was caused or contributed to by a failure of the Project Requirements to be adequate and suitable.