Capital Project definition
Examples of Capital Project in a sentence
Such landscaping improvements may be a component of a Municipal Capital Project that included phases that were funded earlier with Transportation Surtax funds and/or different funding source.
Notwithstanding the conversion of a Municipal Capital Project to a County project, the funding for the project will be counted toward that Fiscal Year’s satisfaction of County’s Minimum Annual Guarantee obligations, and the timing of funding the project will be determined by County in its sole discretion.
Such street lighting work may be a component of a Municipal Capital Project that included phases that were funded earlier with Transportation Surtax funds and/or different funding source.
County may elect, at any time prior to executing a Surtax Funding Agreement for the project and with the consent of the applicable Municipality(ies) (which consent shall not be unreasonably withheld), to convert any Municipal Capital Project to a County project.
A Municipality may request that additional Municipal Capital Project Contingency be added to a Surtax Funding Agreement above and beyond the maximum not-to-exceed amount of Transportation Surtax funding awarded for the project during the negotiation of the Surtax Funding Agreement.