You can check out the city’s official website or contact local government offices. They’ll have all the nitty-gritty details you need to understand the policies.
If a project flops, the city can step in and reclaim some of the benefits or funds as outlined in the agreement. It's a way to level the playing field.
They’re becoming more popular! Cities often use them to make sure that big projects deliver what they promise. It’s a smart move to safeguard community resources.
If an agreement doesn't pan out, the clawback allows the city to reclaim some funds or benefits. Think of it as the city having a backup plan to recover investments.
A clawback guaranty is like a safety net for the city. It's a promise that if things don't go as planned with certain investments or agreements, the city can get some benefits back.