Common use of Contribution to Costs of Facilities and Services Clause in Contracts

Contribution to Costs of Facilities and Services. Developer agrees to contribute to the costs of public facilities and services as required herein to mitigate impacts on the community of the development of the Property, and Town agrees to provide such public facilities and services as required herein to assure that Developer may proceed with and complete development of the Property in accordance with the terms of this Agreement. Town and Developer recognize and agree that, but for Developer's contributions to mitigate the impacts arising as a result of development entitlements granted pursuant to this Agreement, Town would not and could not approve the development of the Property as provided by this Agreement and that, but for Town's covenant to provide certain facilities and services for development of the Property, Developer would not and could not commit to provide the mitigation as provided by this Agreement. Town's vesting of the right to develop the Property, as provided herein, is in reliance upon and in consideration of Developer's agreement to make contributions towards the cost of public improvements and services as herein provided to mitigate the impacts of development of the Property as development occurs and as consistent with this Agreement.

Appears in 4 contracts

Samples: Loomis Development Agreement, Loomis Development Agreement, Loomis Development Agreement

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Contribution to Costs of Facilities and Services. Developer Xxxxxxxxx agrees to contribute to the costs of public facilities and services as required herein to mitigate impacts on the community of the development of the Property, and Town City agrees to provide such public facilities and services as required herein to assure that Developer Landowner may proceed with and complete development of the Property in accordance with the terms of this Agreement. Town City and Developer Landowner recognize and agree that, but for Developer's Landowner’s contributions to mitigate the impacts arising as a result of development entitlements granted pursuant to this Agreement, Town City would not and could not approve the development of the Property as provided by this Agreement and that, but for Town's City’s covenant to provide certain facilities and services for development of the Property, Developer Landowner would not and could not commit to provide the mitigation as provided by this Agreement. Town's City’s vesting of the right to develop the Property, as provided herein, is in reliance upon and in consideration of Developer's Landowner’s agreement to make contributions towards the cost of public improvements and services as herein provided to mitigate the impacts of development of the Property as development occurs and as consistent with this Agreement.

Appears in 1 contract

Samples: Development Agreement

Contribution to Costs of Facilities and Services. Developer Xxxxxxxxx agrees to contribute to the costs of such public facilities and services as is required herein to mitigate impacts on the community of the development of the Property, and Town City agrees to timely provide such public facilities and services as may be required herein to assure that Developer Landowner may proceed with and complete development of the Property in accordance with the terms of this Agreement. Town City and Developer Landowner recognize and agree that, but for DeveloperLandowner's contributions to mitigate the impacts arising as a result of development entitlements granted pursuant to this Agreement, Town City would not and could not approve the development of the Property as provided by this Agreement and that, but for TownCity's covenant to timely provide certain facilities and services for development of the Property, Developer Landowner would not and could not commit to provide the mitigation as provided by this Agreement. TownCity's vesting of the right to develop the Property, Property as provided herein, herein is in reliance upon and in consideration of Developer's Landowner’s agreement to make contributions towards toward the cost of public improvements and services as herein provided to mitigate the impacts of development of the Property as development occurs and as consistent with this Agreementoccurs.

Appears in 1 contract

Samples: Development Agreement

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Contribution to Costs of Facilities and Services. Developer Xxxxxxxxx agrees to contribute to the costs of such public facilities and services as required herein to mitigate impacts on the community of the development of the Property, and Town City agrees to provide such public facilities and services as required herein to assure that Developer Landowner may proceed with and complete development of the Property in accordance with the terms of this Agreement. Town City and Developer Landowner recognize and agree that, but for DeveloperLandowner's contributions to mitigate the impacts arising as a result of development entitlements granted pursuant to this Agreement, Town City would not and could not approve the development of the Property as provided by this Agreement and that, but for TownCity's covenant to provide certain facilities and services for development of the Property, Developer Landowner would not and could not commit to provide the mitigation as provided by this Agreement. TownCity's vesting of the right to develop the Property, Property as provided herein, herein is in reliance upon and in consideration of Developer's Landowner’s agreement to make contributions towards toward the cost of public improvements and services as herein provided to mitigate the impacts of development of the Property as development occurs and as consistent with this Agreementoccurs.

Appears in 1 contract

Samples: Development Agreement

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