Developer Changes. If Developer desires to propose any material revisions to any Approved Plans, Developer shall submit such proposed changes to the City and shall also proceed in accordance with any State of Nevada and local laws and regulations regarding such revisions. The City shall review the proposed changes and notify Developer in writing within thirty (30) days after submission to the City as to whether the proposed changes are approved or disapproved and the specific reasons for any disapproval, provided, however, that such reasons shall be consistent with any items previously approved hereunder or pursuant to the Purchase Agreement and changes which generally and substantially conform to the basic uses of the Project as provided for in this Agreement shall be permitted. For purposes of this Section, a material revision is any change or changes which result in change orders which, in the aggregate, would increase or decrease the cost of the project by greater than $100,000.
Appears in 2 contracts
Sources: Agreement for Development and Option to Repurchase, Purchase and Sale Agreement