Failure by a Developer to comply with any provisions of a CBA as determined by the City in its sole discretion may result in any one or more of the following, as provided in the CBA, subject to applicable notice and cure provisions: denial or termination of City Financial Assistance; proportional recovery of previously provided financial assistance; and/or stipulated damages to be deposited into a community equity fund designated by the Director of Finance. All expenditures from this community equity fund shall require legislative authority from City Council.
(Ord. No. 297-2023. Passed 6-5-23, eff. 9-6-23)