Developer Commitments. The following summary of commitments has been made by the Developer during the term of this Agreement:
Developer Commitments. In addition to the payment of the Purchase Price for the Property, Xxxxxxxxx agrees that, in consideration for BRA’s commitments in the capture of tax increment revenues (“TIR”) to assist the Developer in the Project on the Property, it will complete the following (collectively and individually "Undertakings"):
Developer Commitments. Subject to satisfaction of the Conditions Precedent as described in Section 4, Developer agrees to take the following actions (“Developer Commitments”) at Developer’s cost and expense.
Developer Commitments. Any of the Developer commitments, whether monetary or nonmonetary, may be fulfilled by the Developer directly, or by other parties acting at the direction or request of the Developer. Funds may be contributed directly by the Developer, its affiliates, or other parties, or raised from philanthropic organizations, affiliates and other outside sources.
Developer Commitments a. Developer shall, directly or indirectly, in accordance with all applicable federal, state, and local laws and regulations undertake the construction of 17 units, which shall be at least five (5%) percent of residential units on the Property (the “Restricted Units”) and to lease said units exclusively to Qualified Residents.
Developer Commitments. The City and Developer further agree to the following terms or conditions, the responsibility of which is clarified, as follows:
Developer Commitments. The Developer shall:
Developer Commitments. In furtherance of the development, construction and operation of the Project, and based on the Town’s commitments set forth herein, Xxxxxxxxx agrees that:
Developer Commitments. In consideration of City agreeing to pay Developer the Project Revenues in accordance with the terms, provisions and conditions of this Agreement, Developer agrees to the following, which are not obligations of Developer, but are conditions that must be fulfilled in order to receive the Project Revenues:
Developer Commitments. Developer shall, at the Developer’s sole expense, design and construct the public infrastructure related to the Legends Crossing PUD Project, including Tournament Trail Drive and road improvements to Dartown Road and SR 32, including the associated streets, sidewalks, trail corridor, and pathways as illustrated in Exhibit B (collectively, the “Commitments”) in substantial compliance with Westfield’s standards and procedures. Westfield hereby acknowledges that the Commitments shall be constructed in two (2) phases, shown on Exhibit B as “Phase I” and “Phase II” and hereinafter referred to as “Phase I” and “Phase II”, and Developer shall be entitled to the “RIF Credits” (hereinafter defined) regardless of whether its expenditures are made during Phase I or Phase II.
