Additional Units/Square Footage Clause Samples

Additional Units/Square Footage i. If the Approved Project authorizes additional multi-family apartment units (“Additional Multi-Family Apartment Units”), or additional attached townhome units (“Additional Townhome Units”), or additional single family detached homes (“Additional Single-Family Detached Units”), or any combination thereof, beyond those set forth for the Residential Project in the Program as described in Recital B (“Additional Residential Units”), then the Developer shall be required to increase the Contribution and Additional Contribution as follows: (A) For Additional Multi-Family Apartment Units, the Contribution and Additional Contribution shall be increased each by an additional amount equal to Eleven Dollars and Forty-Three Cents ($11.43) per square foot for any such Additional Multi-Family Apartment Units, for a total payment per additional square foot of Twenty-Two Dollars and Eighty-Six Cents ($22.86). (B) For Additional Townhome Units, the Contribution and Additional Contribution shall be increased each by an additional amount equal to Eleven Dollars and Forty-Three Cents ($11.43) per square foot for any such Additional Townhome Units, for a total of Twenty-Two Dollars and Eighty-Six Cents ($22.86), plus an additional amount calculated as follows. The student yield for single-family attached dwelling units as identified in the District’s then-most recent demographic study (“Demographic Study”) shall be compared against the student yield for multi-family apartment units in the same Demographic Study. The percentage by which the student yield for single-family attached dwelling units is greater than then student yield for multi-family apartment units shall be used as a multiplier for the amounts set forth in this Section 3.4(a)(i)(B). To illustrate, if the Demographic Study shows a student yield for multi-family apartment units of .20 students per dwelling unit, and the Demographic Study shows a student yield for single family attached dwelling units of .22, the percentage increase is ten percent (10%), so the