Examples of City Loans in a sentence
Unless approved for an exemption, contractors under contracts primarily for the furnishing of services to or for the City, the value of which is in excess of $25,000 and a contract term of at least three (3) months, and certain recipients of City Loans or Grants, shall comply with the provisions of Los Angeles Administrative Code Sections 10.44 et seq., First Source Hiring Ordinance (FSHO).
Unless approved for an exemption, contractors under contracts used primarily for the furnishing of services to or for the City and that involve an expenditure in excess of $25,000 and a contract term of at least three (3) months, and certain recipients of City Loans or Grants, shall comply with the provisions of Los Angeles Administrative Sections 10.44, et seq., First Source Hiring Ordinance (FSHO).
City Loans or Grants funded from the proceeds of a bond issuance, tax credits or tax increment financing.
The execution and recordation of the Regulatory Agreement is a condition precedent to the disbursement of the City Loans.
The Developer understands and acknowledges that with respect to the City's Mortgage Loan Programs, under which the City Loans are being offered by the City, the City is acting in a limited capacity only as a mortgage lender and is not otherwise responsible in any way with respect for the construction, operation or maintenance of the Development.
Individual development programmes, including succession planning, should be put in place.
In no event, however, shall the City or Authority be obligated to approve the assignment or transfer of the City Loans, Promissory Note or Deed of Trust pursuant to this Section 504, except to an approved transferee or assignee of the Developer’s rights in and to the Property.
The requirements of this Agreement which are applicable after the disbursement of the City Loans are set forth in the “Regulatory Agreement” which is attached hereto as Exhibit D and incorporated herein by reference.
Adjustments of City Loans to Two Civic Theatres:At its meeting on November 3, 2015, Council approved a report entitled " EX9.10 Adjustments to Various Direct City Loans" that authorizes a write-off of the capital loans to the Sony Centre for the Performing Arts in the amount of $7.002million and to the Toronto Centre for the Performing Arts in the amount of$10.023 million due to the fact that collections on the theatre loans are unlikely under current and future operating plans.
The City Loan Proceeds will be funded in accordance with the documents evidencing and securing the City Loans.