Phase 1 Economic Development Funding Sample Clauses

Phase 1 Economic Development Funding. PDC will provide up to $2.5 million in URA TIF towards Economic Development Related Investments (as defined below) related to ZRZ Phase 1 Projects. In addition, PDC agrees that if ZRZ Phase 1 Projects generate additional TIF beyond that identified in Exhibit E, the incremental amount shall be prioritized to also fund Economic Development Related Investments related to ZRZ Phase 1 Projects. Such funds shall be included in the URA budget as a single line item. PDC shall have sole and absolute discretion to determine which eligible physical improvements on which to expend such funds, and the amount and timing of such expenditures. ZRZ acknowledges that it may be necessary to transfer certain property rights to PDC in order to permit the funding of certain eligible physical improvements located on private property pursuant to this Section. “Economic Development Related Investments” means eligible physical improvements in Phase 1 aimed at recruiting jobs and assisting job creation or to fund other critical public infrastructure related to the Economic Development Related Investments. As used in this Agreement, “eligible physical improvements” means urban renewal projects that are permitted under Article XX, Xxxxxxx 0x of the Oregon Constitution, ORS Chapter 457 and the Plan, including but not limited to parking structures, PP&L line undergrounding, energy and energy-efficiency improvements, tenant improvements, and project development gaps affiliated with targeted industry cluster, high growth, and/or high income office jobs. Funding for Economic Development Related Investments shall be in PDC’s sole and absolute discretion and subject to PDC’s Business Financial Support loan and grant programs and approval procedures, including execution of a community benefit agreement if required by PDC as a precondition to release of funds for Economic Development Related Investments.
Sample 1
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Related to Phase 1 Economic Development Funding

  • Professional Development Fund A budget item equal to one-half (½) of one (1) percent of employees' salaries shall be set aside annually to be used to:

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year.

  • Program Development NWESD agrees that priority in the development of new applications services by XXXXX shall be in accordance with the expressed direction of the XXXXX Board of Directors operating under their bylaws.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets:

  • PHASED DEVELOPMENT 15.1 The Seller reserves to itself, and to its successors in title as Developer, all such rights as are provided for in section 25 of the STA, to erect and complete a phased development on the Land from time to time, but no later than 15 (fifteen) years from the date of opening of the Sectional Title Register, for its personal account.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

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