Community Benefits Fund definition

Community Benefits Fund is defined in Section 6.1.
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Community Benefits Fund is defined in the Community Benefits Plan.
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Community Benefits Fund means a non-profit fund or trust account that shall be established with and administered by a qualified third-party designated by Coalition Organizations, established to hold and distribute funds provided to it by the Developer according to procedures established by agreement between the third-party entity and Coalition Organizations, with funds to be used only for purposes as set forth in the Agreement.
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Examples of Community Benefits Fund in a sentence

  • The report detailed the work which had been carried out in order to assess the reduction in opening hours.

  • Each Vertical Developer shall pay (or cause payment) to the Community Benefits Fund upon the close of escrow of the initial sale to an Owner/Occupant of each Market Rate Unit an amount equal to one-half of one percent (0.5%) of the sale price of such Market Rate Unit.

  • One hundred percent (100%) of the Community Benefits Fund shall be reinvested by the Agency in the Project Site and BVHP to (a) benefit low- and moderate-income families; (b) eliminate blight; and/or (c) meet other community development needs of BVHP as determined by the BVHP Representative Entity, including those related to social services, affordable housing, education, the arts, public safety, assistance for senior citizens and other community services.

  • Until such time as the BVHP Representative Entity is formed and independently operating, expenditures from the Community Benefits Fund shall be determined by the Agency Director following consultation with the CAC and the PAC as applicable.

  • Payments of any kind made to the City pursuant to the Community Benefits Agreement shall be deposited into a Community Benefits Fund, to be administered by the City Manager with the approval of the City Council.

  • Allocations from the Community Benefits Fund shall periodically be made by the City Council at is discretion by majority vote, for the benefit of public safety, youth education, community events, community-based organizations, or for other uses benefiting the community as deemed appropriate by the Council.

  • Any amounts not used in a year shall carry forward to future years of the Project or, at the option of the Agency, be paid into the Community Benefits Fund.

  • The establishment of a Community Benefits Fund is proposed in AB 1405 (de Leon, 2009), a bill currently before the California legislature.Allowance value can also be channeled to local and regional government entities including cities, counties, regional planning agencies, school districts and other special districts including water and sanitation districts.

  • That the Town Supervisor, or his designated representative, is authorized to act in behalf of the Town in all matters related to the New NY Bridge Community Benefits Fund award, including but not limited to the filing of the Town’s application, the execution of the Community Benefits Fund Contract, the submittal of all Project documentation, and otherwise as may be required to effect the award.

  • About half of the EAAC members also recommend that, of the allowance value to be devoted to investment, a given percentage be set aside for investments in disadvantaged communities via a Community Benefits Fund or other investment vehicles.


More Definitions of Community Benefits Fund

Community Benefits Fund. As defined in GP 13.01. Compensable Delay: As defined in GP 3.06A.
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Community Benefits Fund means an amount allocated at a rate of five thousand, nine hundred (5,900) dollars per turbine by the Project per annum and administered by the Community Benefits Fund Committee.
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Community Benefits Fund means a dedicated fund for developments in Census tracts with more than 34.5% poverty as measured by the US Census Bureau and described in Section 5 of the Ordinance.
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Community Benefits Fund means a fund established and managed collectively by BGEC for the purpose of administering community benefits.
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Community Benefits Fund means a non-profit fund or trust account that shall be established with and administered by a qualified third-party designated by the Coalition, established to hold and distribute funds provided to it by Developer and/or Developer Successor according to procedures established by agreement between the third-party entity and the Coalition, with such funds to be used only for purposes as set forth in this Agreement.9
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Community Benefits Fund has the meaning set forth in Section 4.2 of this Agreement.
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Related to Community Benefits Fund

  • Retirement fund means the "Washington law enforcement

  • Pharmacy benefits management means the administration or management of prescription drug

  • Pharmacy benefits manager means a person that performs pharmacy benefits management.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Pharmacy benefit manager means a person, business or other

  • Medical benefit plan means a plan established and maintained by a carrier, a voluntary employees' beneficiary association described in section 501(c)(9) of the internal revenue code of 1986, 26 USC 501, or by 1 or more public employers, that provides for the payment of medical benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits, for public employees or elected public officials. Medical benefit plan does not include benefits provided to individuals retired from a public employer or a public employer's contributions to a fund used for the sole purpose of funding health care benefits that are available to a public employee or an elected public official only upon retirement or separation from service.

  • Mutual benefit corporation means a nonprofit corporation:

  • Disability Benefit means the benefit set forth in Article 8.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Claim for Benefits means a request for a Plan benefit or benefits made by a Member in accordance with the Plan’s Appeals Procedures, including any Pre-Service Claims (requests for Prior Authorization) and Post-Service Claims (requests for benefit payment).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.