City Funding Sample Clauses
City Funding. City agrees to provide proceeds from the City’s Room Tax to Contractor for the services provided under this Agreement. The City will provide up to 30% of the proceeds from a tax rate of 9% and 70% of the proceeds from any tax rate in excess of 9% (10% on June 1, 2014 and 10.4% on June 1, 2015), less the City’s administrative costs (audit and overhead costs). The amount paid monthly to Contractor shall be based on City projections as to the amount of revenue forecasted to be received by Room Tax receipts adjusted by the prior month’s budget to actual variance, subject to 3(d) above.
City Funding. For the Programming in Exhibit 2, the City’s Funding commitment (i.e., the Funding to be paid to the County) during the Term is $25,186,923 for FY 2024-25 and, beginning in FY 2025-26, is $31,186,923 each Fiscal Year thereafter (during the Term) plus an annual Inflation Factor cost increase.
City Funding. The City Shall pay BNSF for all actual labor coStS, material coStS, equipment coStS, and other coStS and eXpenSeS incurred by BNSF in performing the railroad work required for conStruction of the Project in a total amount not to eXceed $2,400,000.00. ThiS amount conSiStS of the eStimated conStruction coSt of $1,830,535.00 aS Set forth in EXhibit “B”, $140,000 for flagging, and a conStruction contingency fund of $429,465.00. The conStruction contingency fund Shall be uSed to reimburSe BNSF if itS actual conStruction coStS eXceed the eStimated conStruction coStS. If during the courSe of conStruction BNSF anticipateS that itS actual conStruction coStS will eXceed the eStimated conStruction coSt, BNSF Shall promptly notify the City So additional fundS can be appropriated to complete conStruction of the railroad work required for the Project. BNSF may diScontinue conStruction activitieS until Such time aS the City notifieS BNSF that Sufficient additional fundS have been appropriated. If the City failS to appropriate Sufficient additional fundS, BNSF may terminate thiS Agreement purSuant to Article III, Section 3.
City Funding. The City shall pay Hanzon Studios an amount not to exceed Seven Hundred Thousand and 00/100 dollars ($700,000.00) (the “Advance”), in the manner set forth below, which shall be used by Hanzon Studios for expenses directly related to the development, promotion, staging and realization of Camp Christmas (“Camp Christmas Expenses”).
City Funding. The CITY shall budget and appropriate the following amounts to be paid to the RIALTO subject to the terms and conditions of this Agreement: A. 2017 - $500,000 B. 2018 – $450,000 C. 2019 – $400,000 D. 2020 – $350,000 Each of the year’s payments set forth above shall be made as follows:
A. In each year, one-half (1/2) of the payment amount shall be paid on the first business day of the year.
B. In each year, the remaining one-half (1/2) shall be paid on June 1st.
C. Notwithstanding the above, the second payment is not required to be made by the CITY unless in each of the years a minimum of performances for which tickets have been sold to the general public have been presented by the RIALTO.
D. In the event that in any year the RIALTO does not qualify for the second payment, the CITY may terminate this Agreement excepting only matters of force majeure.
City Funding. A. In exchange for Chamber’s performance of programs and services, City agrees to provide the following funding to Chamber in fiscal year 2025: FIFTEEN THOUSAND DOLLARS AND NO CENTS ($15,000.00).
B. Funding shall be distributed in one (1) payment in the first quarter of 2025. Such payment is contingent upon City’s receipt of an invoice.
C. The City will reevaluate this funding for the 2026 budget and determine its success.
D. City reserves the right to withhold any quarterly payment if City believes that Chamber is not spending such City funding for a public purpose or as required by this Agreement.
E. The City will be responsible for its annual membership fee. General Terms and Conditions
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City Funding. The City agrees to provide GNMCC with funds in an amount not to exceed Thirty-Seven Thousand Five Hundred Dollars ($37,500.00), as provided in the City’s Budget for Fiscal Year 2023-2024, under Ordinance No. 1511, adopted on September 19, 2023.
City Funding. The City will provide up to $228,110 to the Redevelopment Authority of the City of Milwaukee (“RACM”) from Tax Incremental District Bond Account No. TD07188001 for the purposes of providing a Grant for Project.
City Funding. City Funding shall be paid annually to the Edmonton Heritage Council to fund the coordination of activities and services over the term of the agreement. This funding will be adjusted annually by City Council approved operating budget guidelines. The Edmonton Heritage Council’s operating budget may also be adjusted on a one time or ongoing basis as determined by City Council.