ACOC definition
Examples of ACOC in a sentence
Said resolution is entitled, “Resolution Authorizing Upset Bid Process to Lease Parking Spaces in North Garage to American Campus Operating Company, LLC.” Subsequent to the expiration of the time period for any qualifying upset bids to be received, the City and ACOC did not execute a lease agreement and effectively agreed not to finalize or execute a lease agreement for the spaces described in the Proposed Lease.
The City could decide to not execute the Agreement to Rescind Proposed Lease of Parking Spaces in the North Garage and to not return to ACOC its deposit of $88,047.00.
ACOC paid a required deposit to the City in the amount of $88,047.00 in connection with its offer to enter into the Proposed Lease.
It is also not in line with City Council’s authorization to execute a more comprehensive lease of parking spaces at the North Garage with an affiliate of ACOC.
By executing the attached Agreement to Rescind Proposed Lease of Parking Spaces in the North Garage, the City and ACOC will memorialize, ratify, and confirm that the Proposed Lease was never finalized, that all rights or obligations, if any, of the City and ACOC pursuant to the Proposed Lease are rescinded, and that the $88,047.00 deposit will be returned to ACOC.
Since that time, the City Council has authorized execution of a more comprehensive lease of parking spaces at the North Garage with American Campus, LLC, a limited liability company affiliated with ACOC.
The $88,047.00 deposit is being returned to ACOC because the parties have not and will not be entering into the Proposed Lease for which the deposit was given to the City.
Any active member of the Union may be appointed by the State President to serve on any committee; provided, however, that a majority of each com- mittee, except for the Alternative Contractual Obligations Committee (ACOC), must be Board of Directors members.
Approved Program Costs shall include $35,000 expended by ACOC in furtherance of the Pilot Program prior to the Effective Date.
Instrumentation integration shall be carried out including inlet, ACOC and ejector, Bleed Air probes and sensors.