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1980-076 CRA
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1980-076 CRA
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Last modified
1/3/2012 12:23:10 PM
Creation date
3/8/2005 11:37:51 AM
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Template:
City Clerk
Doc Type
Resolution
Doc #
CRA 1980-76
Date
7/1/1980
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<br />. <br /> <br />. <br /> <br />, <br />. <br /> <br />. <br />. <br /> <br />.f"!'.:. <br /> <br />(b) On March 1, 1982 (or on the subsequent termination of the <br />commitment period, if an extension is effectêd pursuant to the Resolution, the <br />Trustee shall, in accordance with the further provisions of applicable <br />Commitment Contracts (and Reservation of Funds), draw against the applicable <br />letters of credit (or other deposit) of the developer 1 iab1e for a <br />cancellation fee and deposit such fee or charge in the temporary account; all <br />amounts then on depos it in a temporary Account estab 1 i shed pursuant hereto <br />(exclusive of interest earned on any moneys deposited therein) shall be <br />transferred by the Trustee to the Asset Accumulation Fund and shall be applied <br />in accordance with the further provisions of the Resolution. <br /> <br />11 <br />
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