Cat Tier 5 Contract Agreement
Large development areas, usually carried out by private developers, require a development agreement (DA) between the city and the developer. A DA is a legal-grade contract for all residential, industrial and commercial developments. It defines the conditions under which the development of land must take place within the city, including responsibility for the construction of public facilities and related financial obligations. Letter of Agreement (LOA): This contract was entered into to help small businesses that cannot afford standard private equity contracts. LOA contracts are negotiated with individual theatres with Equity and reviewed annually. In most cases, they are referred to an existing private equity agreement for the purpose of entering into that contract. Salaries vary and are negotiated with each company. CHICAGO`S BOOMING THEATER INDUSTRY has an annual economic influence of more than $350 million, offers more than 6400 annual jobs, and annually promotes 600,000 tourists of accommodation for performing arts events, according to the League of Chicago Theatres. .