Monetary development contribution Sample Clauses

A monetary development contribution clause requires a party, typically a developer, to pay a specified sum of money to a local authority or governing body as a condition of development approval. This payment is often used to fund public infrastructure, community facilities, or services that will support the new development, such as roads, parks, or schools. By mandating these contributions, the clause ensures that the costs of increased demand on public resources are fairly shared and that necessary improvements are funded, thereby facilitating sustainable community growth.
Monetary development contribution. (a) A monetary Development Contribution is made for the purposes of this Agreement when the Council receives the total amount of the contribution in cash, by bank cheque or by electronic funds transfer of cleared funds into a bank account nominated by the Council. (b) The Developer is to give the Council not less than two Business Days written notice of its intention to pay a monetary Development Contribution. (c) After having given notice under clause 4.2(b), the Developer is required to attend a Council Office to pay the monetary Development Contribution.
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Monetary development contribution. (a) A monetary Development Contribution is made for the purposes of this Agreement when the Council receives the total amount of the contribution in cash, by bank cheque or by electronic funds transfer of cleared funds into a bank account nominated by the Council. (b) The Developer is to give the Council not less than two Business Days written notice of its intention to pay a monetary Development Contribution. (c) After having given notice under clause 4.2(b), the Developer is required to attend a Council Office at Prince Street, Grafton or River Street, Maclean to pay the monetary Development Contribution. (d) The Parties agree that if the Developer does not pay a monetary Development Contribution on or before the due date for payment, that monetary Development Contribution: (i) is to be a debt due and payable by the Developer to the Council on demand; (ii) may be recovered in a court of competent jurisdiction in New South Wales; (iii) is to incur interest from the due date for payment until the amount is paid in full; (iv) interest is calculated for this clause at a rate which is the aggregate of 4% per annum and the cash rate quoted by the Reserve Bank of Australia; and (v) interest accrues and is charged from day to day and is calculated on the basis of days elapsed and a 365 day year.
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Monetary development contribution. (a) A monetary Development Contribution is made for the purposes of this Agreement when the Council receives the total amount of the contribution in cash, by bank cheque or by electronic funds transfer of cleared funds into a bank account nominated by the Council. (b) The Developer is to give the Council not less than two Business Days written notice of its intention to pay a monetary Development Contribution. (c) The Parties agree that if the Developer does not pay a monetary Development Contribution on or before the due date for payment, that monetary Development Contribution: (i) is to be a debt due and payable by the Developer to the Council on demand; (ii) may be recovered in a court of competent jurisdiction in New South Wales; (iii) is to incur interest from the due date for payment until the amount is paid in full; (iv) interest is calculated for this clause at a rate which is the aggregate of 4% per annum and the cash rate quoted by the Reserve Bank of Australia; and (v) interest accrues and is charged from day to day and is calculated on the basis of days elapsed and a 365 day year.
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Monetary development contribution. (a) In accordance with the provisions of Condition18 of the Development Consent DA2014/0098, as may be modified from time to time, the Developer is to pay to Council a road maintenance contribution of per annum for the use of Council’s roads by extractive industry trucks based on $0.21 per cubic metre.
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Monetary development contribution. ‌ (a) A monetary Development Contribution is made for the purposes of this Agreement when the Council receives the total amount of the contribution in cash, by bank cheque or by electronic funds transfer of cleared funds into a bank account nominated by the Council. (b) The Council must provide the Developer with the Intersection Design for the Developer’s consideration and comment prior to finalising the Intersection Design. (c) The Council must not unreasonably withhold its consent to a request for an amendment to the Intersection Design submitted by the Developer as part of the Developer’s comments under clause 4.2(b). (d) The Council will notify the Developer of the final Intersection Design as approved by Council. (e) The monetary Development Contribution detailed in Schedule 1 is payable within 14 days after the date the Developer receives notice from the Council of Council’s approval of the Intersection Design. (f) The Developer is to give the Council not less than two Business Days written notice of its intention to pay a monetary Development Contribution. (g) After having given notice under clause 4.2(f), the Developer is required to attend a Council Office at Prince Street, Grafton or River Street, Maclean to pay the monetary Development Contribution. (h) The Parties agree that if the Developer does not pay a monetary Development Contribution on or before the due date for payment, that monetary Development Contribution: (i) is to be a debt due and payable by the Developer to the Council on demand; (ii) may be recovered in a court of competent jurisdiction in New South Wales; (iii) is to incur interest from the due date for payment until the amount is paid in full; (iv) interest is calculated for this clause at a rate which is the aggregate of 4% per annum and the cash rate quoted by the Reserve Bank of Australia; and (v) interest accrues and is charged from day to day and is calculated on the basis of days elapsed and a 365 day year.
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Related to Monetary development contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • 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. 23.1.2 The College agrees to provide the Association with the authority to administer the program on behalf of the College for those activities approved by the College in accordance with 23.2, 23.4 and 23.5. 23.1.3 Nothing in this Agreement prevents the College from funding professional development activities in addition to those activities supported through the Professional Development Funds (23.1.1) in accordance with the procedures described in this Article.

  • Professional Development Fund Article 20

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Campaign Contributions / Lobbying Funds provided through a grant award or contract shall not be given or received in exchange for the making of a campaign contribution. No part of the funds provided through this contract shall be used to influence or attempt to influence an officer or employee of any State of Kansas agency or a member of the Legislature regarding any pending legislation or the awarding, extension, continuation, renewal, amendment or modification of any government contract, grant, loan, or cooperative agreement.