EVIDENCE OF REDEVELOPER’S ABILITY Clause Samples
The 'Evidence of Redeveloper’s Ability' clause requires the redeveloper to demonstrate their financial capacity, technical expertise, and overall capability to successfully complete the redevelopment project. Typically, this involves submitting documentation such as financial statements, proof of funding, prior project experience, and organizational qualifications for review by the other party or a governing authority. By mandating this evidence, the clause ensures that only qualified redevelopers are entrusted with the project, thereby reducing the risk of project failure due to lack of resources or experience.
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EVIDENCE OF REDEVELOPER’S ABILITY. Section 101.
EVIDENCE OF REDEVELOPER’S ABILITY. A. Evidence of Redeveloper’s Financial Ability. Redeveloper shall, within ninety (90) days following the date of this Redevelopment Agreement, state the amount and source of liquid assets on hand and the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper in connection with Site Preparation and construction of the Private Improvements, including construction of the Public Enhancements. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. To the extent allowed by law, the City agrees to keep the information confidential.
EVIDENCE OF REDEVELOPER’S ABILITY. Section 101. Bond Counsel Fee & Tax Increment Financing Administrative Fee
EVIDENCE OF REDEVELOPER’S ABILITY. Evidence of Redeveloper’s Financial Ability to Construct Private Improvements. Redeveloper shall, within sixty (60) days following the date of this Agreement, state the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing the Private Improvements. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan.
EVIDENCE OF REDEVELOPER’S ABILITY. A. Evidence of Redeveloper’s Financial Ability. Redeveloper shall, within sixty (60) days following the date of this Agreement, state the amount and source of liquid assets on hand and the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper in connection with acquisition of the Project Site, construction of the New Building, construction of the Redeveloper Public Improvements, construction of the City Public Improvements, and construction of the Dry Utility Work. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. To the extent allowed by law, the City agrees to keep the information confidential.
EVIDENCE OF REDEVELOPER’S ABILITY. Evidence of Redeveloper’s Financial Ability to Construct Private Improvements. Redeveloper shall, within sixty (60) days following the Date of this Agreement, state the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing the Private Improvements. Redeveloper shall provide City proof that debt financing is sufficient to fulfill Redeveloper’s obligation to deposit funds for City Streetscape Improvements described in Section 401 below. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan.
EVIDENCE OF REDEVELOPER’S ABILITY. Evidence of Redeveloper’s Financial Ability to Construct First Phase of Private Improvements. Redeveloper shall, within ninety (90) days following the Date of this Agreement,
EVIDENCE OF REDEVELOPER’S ABILITY. Evidence of Redeveloper’s Financial Ability to Construct Redeveloper Improvements. Redeveloper shall, within sixty (60) days following the date of this Agreement,
EVIDENCE OF REDEVELOPER’S ABILITY. Section 101. Evidence of Redeveloper’s Ability.
EVIDENCE OF REDEVELOPER’S ABILITY. Section 101. Evidence of Redeveloper’s Ability.
A. Evidence of Redeveloper’s Financial Ability to Construct Redeveloper Private Improvements. Redeveloper shall, within three hundred and sixty-five (365) days following the