Post Development Grant Clause Samples

Post Development Grant. Following the issuance of an occupancy permit to Developer, Village shall make an annual payment to Developer equal to 30 percent (30%) of all room taxes related to the ▇▇▇▇▇▇ Suites Property that are paid by Developer to the Village, subject to the limitations in ▇▇▇▇▇▇▇ ▇,▇. Village shall pay amounts owed to Developer annually on January 31. Payments shall be calculated based on the amount of room tax collected from Developer in the previous calendar year.
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Post Development Grant. Following the issuance of an occupancy permit to Developer, Village shall pay to Developer a grant equal to 30 percent (30%) of all room taxes paid by Developer to the Village for a period of ten years from the date of issuance of the occupancy permit, up to a maximum of Five Hundred Six Thousand Dollars ($506,000). Village shall pay Developer annually for each year that payment is required. Payments shall be due to Developer annually on January 31. Payments due shall be calculated based on the amount of room tax collected from Developer in the previous year, with the first and last payments pro-rated based on the date of issuance of the occupancy permit.
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Related to Post Development Grant

  • Project Development a. Collaborate with COUNTY and project clients to identify requirements and develop a project Scope Statement. a. Develop a Work Breakdown Structure (WBS) for each project. b. Evaluate Scope Statement to develop a preliminary cost estimate and determinate whether project be vendor bid or be executed under a Job Order Contract (JOC).

  • Employee Development The Employer may provide employees the opportunity to participate in appropriate seminars, workshops or short courses. When possible and appropriate the Employer will provide to all staff information on seminars, workshops or short courses by posting a notice on the Employer’s internal web site.

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

  • Joint Development If joint development is involved, the Recipient agrees to follow the latest edition of FTA Circular 7050.1, “Federal Transit Administration Guidance on Joint Development.”

  • 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.