Common use of Authorized Improvements Clause in Contracts

Authorized Improvements. The Budgeted Costs of Authorized Improvements listed on Exhibit B are estimates that are subject to change, shall be updated by the Developer and City consistent with the SAP and the PID Act. Final plat(s) for the Property, each required to be approved by the City, shall reflect the locations, rights-of-way and easements for the Authorized Improvements to be located on the platted Property. The Developer may include an updated Exhibit B with each final plat submitted for the Property, which shall be submitted to the City Council for consideration and approval concurrently with the submission of each such final plat. Upon approval by City Council of an updated Exhibit B, this Agreement shall be deemed amended to include such approved updated Exhibit B. The Authorized Improvement Costs and the timetable for installation of the Authorized Improvements will be reviewed annually by the Parties in an annual update of the SAP adopted and approved by the City.