Common use of PROJECT FUNDING Clause in Contracts

PROJECT FUNDING. The level of DDA funding is at the discretion of the DDA Board and is subject to available funding. DDA funding will be based on an application’s compliance with the standards and criteria set forth in section D below and a scoring system for evaluating applications. Funding of eligible improvements is limited to no more than twenty (20) percent of the total project costs, unless the applicant demonstrates and the DDA Board determines that the proposal is a catalyst project for the downtown as defined in the FIP scoring system, and the tax increment revenue generated by the project supports the level of proposed funding.

PROJECT FUNDING. The level of DDA funding is at the discretion of the DDA Board and is subject to available funding. DDA funding will be based on an application’s compliance with the standards and criteria set forth in section D below and a scoring system for evaluating applications. Funding of eligible improvements is limited to no more than twenty (20) percent of the total project costs, unless the applicant demonstrates and the DDA Board determines that the proposal is a catalyst project for the downtown downtown, as defined in the FIP scoring system, and the tax increment revenue generated by the project supports the level of proposed funding.

PROJECT FUNDING. The level of DDA funding is at the discretion of the DDA Board and is subject to available funding. DDA funding will be based on an application’s compliance with the following standards and criteria set forth in section D below and a scoring system for evaluating applications. Funding of eligible improvements is limited to no more than twenty (20) percent of the total project costs, unless the applicant demonstrates and the DDA Board determines that the proposal is a catalyst project for the downtown downtown, as defined in the FIP scoring system, and the tax increment revenue generated by the project supports the level of proposed funding.