Guideline, the Corporate n” will be the purchaser of the property, not the other way around. The Investment Guidelines are subject to change as described below. 1. Scope and Purpose The Investment Guidelines are designed to be a practical guide for the planning and implementation of the long term development of the property. It provides guidance on the investment of the funds of the Corporation and the use of those funds. It is also designed to foster a spirit of cooperation and cooperation between City and Private Sector leaders, in terms of planning and implementation of the redevelopment and redevelopment activities. II. Investment Guidelines (See Schedule 1) 1.1. Purpose. The Investment Guidelines are intended to provide guidance to the planning and development staff in the planning of the rehabilitation and development activities on the long term development of the property, to promote a spirit of cooperation and cooperation between the different stakeholders, and facilitate the use and effective use of the available funds through the application of sound financial and management policies. 1.2. Scope. This policy applies to all public development projects on the Site, including, without limitation, the acquisition, construction, leasing, repair/ rehab/replacement of buildings and infrastructure including, without limitation, streets, parks or trails and the establishment of public amenities. 1.3. Definitions. For purposes of this policy, the following terms shall have the meanings as set forth herein: A. “Affiliate” means any third party of the Corporation, whether a corporation, limited liability company, limited partnership, joint venture, or any other form of partnership arrangement; B. “Affiliated Party” means any corporation, individual, partnership or affiliated entity that controls, is controlled by or is under common control with the Corporation, as applicable; C. “Buildings” means the Site, the buildings at the East River Basin, and the properties in the vicinity of the Site, including, without limitation, the buildings and buildings and land improvements, improvements and structures therein, including, without limitation, land, structures and related improvements, not elsewhere included within this document; D. “Closing Date” means the date on which the New York State Department of Environmental Conservation (DEC) authorizes the Corporation's purchase and disposition of the Properties (the Acquisition); E. “Coupling” means that the Corporation and the Related Parties consummate a Joint Development Agreement, in which case the terms of that Agreement become effective to the extent they are contained in this document; F.
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Hudson Yards Infrastructure Corporation Fiscal Year 2011 Investment Report I. II. Investment Guidelines (See Schedule 1) Explanation of the Investment Guidelines The Hudson Yards Infrastructure Corporation
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