Common use of Contract with City Clause in Contracts

Contract with City. Developer hereby acknowledges that in approving this Development Agreement for the Project, the City is waiving fees and taxes, and the City is modifying development standards otherwise applicable to the Project such as increasing Floor Area Ratio and Building Height, reducing parking standards, and other property development standards. In exchange for such forms of assistance from the City, which constitute direct financial contribution to the Developer, Developer has entered into this contract with the City and agreed to the other conditions of the Development Agreement, including the requirement to provide and maintain either thirty (30) Affordable Units off-site or eight (8) Affordable Units on- site for occupancy by income qualified households per the terms of this Agreement. The parties agree and acknowledge that this is a contract providing forms of assistance to the Developer within the meaning of Civil Code Section 1954.52(b) and Chapter 4.3 of the State Planning and Zoning Laws, Government Code Section 65915 et seq.

Contract with City. Developer hereby acknowledges that in approving this Development Agreement for the Project, the City is waiving certain fees and taxes, taxes and the City is modifying certain development standards that would otherwise be applicable to the Project such as increasing Floor Area Ratio and Building Height, reducing parking standards, unit density and other property development standards. In exchange for such forms of assistance from the City, which constitute direct financial contribution benefit to the Developer, Developer has entered into this contract with the City and agreed to the other conditions of the Development Agreement, including the requirement to either (a) dedicate or transfer land to a non-profit housing provider and other financial resources to ensure development of a 100% Affordable Housing Project or (b) provide and maintain either thirty (30) Affordable Units offthe on-site or eight (8) Affordable Units on- site affordable units for occupancy by income qualified households per the terms of this Agreementhouseholds. The parties agree and acknowledge that this is a contract providing forms of assistance to the Developer within the meaning of Civil Code Section 1954.52(b) and Chapter 4.3 of the State Planning and Zoning Laws, Government Code Section 65915 et seq.

Contract with City. Developer hereby acknowledges that in approving this Development Agreement for the Project, the City is waiving fees and taxes, and the City is modifying development standards otherwise applicable to the Project such as increasing Floor Area Ratio and Building Height, reducing parking standards, and other property development standards. In exchange for such forms of assistance from the City, which constitute direct financial contribution to the Developer, Developer has entered into this contract with the City and agreed to the other conditions of the Development Agreement, including the requirement to provide and maintain either thirty fifteen (3015) Affordable Units off-site or eight five (8) 5) Affordable Units on- site for occupancy by income qualified households per the terms of this Agreement. The parties agree and acknowledge that this is a contract providing forms of assistance to the Developer within the meaning of Civil Code Section 1954.52(b) and Chapter 4.3 of the State Planning and Zoning Laws, Government Code Section 65915 et seq.

Contract with City. Developer hereby acknowledges that in approving this Development Agreement for the Project, the City is waiving certain fees and taxes, taxes and the City is modifying certain development standards that would otherwise be applicable to the Project such as increasing Floor Area Ratio and Building Height, reducing parking standards, unit density and other property development standards. In exchange for such forms of assistance from the City, which constitute direct financial contribution to the Developer, Developer has entered into this contract with the City and agreed to the other conditions of the Development Agreement, including the requirement to either (a) dedicate or transfer land to a non-profit housing provider and other financial resources to ensure development of a 100% Affordable Housing Project or (b) provide and maintain either thirty (30) Affordable Units offthe on-site or eight (8) Affordable Units on- site affordable units for occupancy by income qualified households per the terms of this Agreementhouseholds. The parties agree and acknowledge that this is a contract providing forms of assistance to the Developer within the meaning of Civil Code Section 1954.52(b) and Chapter 4.3 of the State Planning and Zoning Laws, Government Code Section 65915 et seq.