Developer Contribution. Developer shall have deposited into escrow for disbursement to City at closing the sum of One Hundred Fifteen Thousand Dollars ($115,000.00) which the City will deposit in a fund to be available for use by City for the City’s Senior Safety Net Program or any other project or affordable housing program determined from time to time at City’s discretion.
Developer Contribution. Without limitation, and for no additional charge or credit to Stonehenge’s Capital Account, Stonehenge Member shall cause Developer to contribute to the Company all of (a) Developer’s ownership and contract rights in and to the subject lands and/or purchase agreements (including but not limited to Developer’s Affiliate’s rights to acquire the Property in accordance with that certain Purchase and Sale Agreement dated May 16, 2012, between Horsepower, J.V., a Tennessee joint venture and Stonehenge Real Estate Group, LLC, a Tennessee limited liability company the “Land Contract”), (b) all design and construction plans for the Project (at Developer’s actual cost, free and clear of all liabilities) and (c) all other tangible and intangible rights associated with the Project and (d) all other items appurtenant to the development of the Project (collectively, the “Developer Rights”).
Developer Contribution. The Developer agrees that it shall contribute the Developer Contribution to the School District to be used as determined by the Board. As used in this Section 5, the “Developer Contribution” shall be equal to fifty percent (50%) of the amount of the School District's portion of the real property taxes exempted for each parcel pursuant to the TIF Ordinance in the first year that the value of the Improvements as completed first appears on the tax duplicate for such Parcels (the “First Year Exemption”), net of TIF Revenue Payments to be paid to the School District pursuant to Section 2 for the first tax year for which such amounts would be payable (the “First Year TIF Revenue Payments”). Inasmuch as the First Year Exemption will not appear on the tax duplicate prior to the closing of construction financing for the Phase I Development (and First Year TIF Revenue Payments will not be known), the Developer shall provide an estimate of such First Year Exemption (the “Estimated Exemption”) and the First Year TIF Revenue Payments for the Phase I Parcels (collectively, the “Estimated Developer Contribution”) to the School District not later than five (5) business days prior to the closing of construction financing. The Estimated Developer Contribution shall be paid as follows:
Developer Contribution. Without limitation, and for no additional charge or credit to the Catalyst Member 's Capital Account, Catalyst Member shall cause Developer to contribute to the Borrower all of (a) Developer's ownership and contract rights in and to the subject lands and/or purchase agreements (including but not limited to Developer's Affiliate's rights to acquire the Property in accordance with the Purchase Agreement (as defined in the Cost-Sharing Agreement) (the "Land Contract"), (b) all design and construction plans for the Project (at Developer 's actual cost, free and clear of all liabilities) and (c) all other tangible and intangible rights associated with the Project and (d) all other items appurtenant to the development of the Project (collectively, the "Developer Rights").
Developer Contribution. For no additional charge or credit to the TCR Member’s Capital Account, TCR Member shall convey or cause Developer or its Affiliates to convey to the Company all of (i) ownership and contract rights in and to the Property and/or purchase agreements related to the Property held by TCR Member or Developer or their Affiliates, including but not limited to rights to acquire the Property in accordance with the various existing purchase agreements related to the acquisition of the Property (together, the “Land Contract”), (ii) all design and construction plans for the Project (at Developer’s actual cost, free and clear of all liabilities) and (iii) all other tangible and intangible rights associated with the Project held by TCR Member or Developer or their Affiliates.
Developer Contribution. 1. Excavation of 3 acres of real property with an average depth of water at 8 feet.
Developer Contribution. The purpose of this Agreement is to set forth Developer’s obligation both to pay the Statutory Fee Amount and to provide additional voluntary funding to District as another method of financing a portion of the cost of school facilities within the District that will serve students from the Project and elsewhere in the District. Developer acknowledges that this Agreement, and each of its terms and conditions hereunder, are fully enforceable as a binding contract on Developer and its successors-in-interest or assignees and Developer will not assert in any manner that District is acting in excess of its powers in entering into this Agreement.
Developer Contribution. Provided the City has commenced construction of the Intersection Improvements pursuant to construction contracts and a design finally approved by the City Council, Developer shall pay to the City up to 9.5% of the Intersection Improvement Costs, but in no event to exceed $40,000 (“Maximum Amount”) for the entire Master Community (“Total Developer Contribution”). The Total Developer Contribution shall be paid in percentage shares, each upon receipt of a permanent Certificate of Occupancy (“CofO”) for any Phase of the Master Community (as Phase is defined and described in the Final PUD Permit), payable in the percentage equal to the number of units receiving a CofO divided by 120, but in no event to exceed 100% of the Total Developer Contribution. If the City has not then commenced construction of the Intersection Improvements as above provided, then Developer shall not be required to make any Total Developer Contribution, but shall be required to pay System Development Charges in full.
Developer Contribution. Without limitation, and for no additional charge, or credit to the TriBridge Member’s Capital Account, TriBridge Member shall cause its Affiliates (including Developer) to contribute, in the manner contemplated under the Contribution Agreement and to the extent applicable solely to the Project, to the Borrower all of their (a) ownership and contract rights in and to the subject lands and/or purchase agreements, (b) rights to any and all design and construction plans for the Project (free and clear of all liabilities), (c) other tangible and intangible rights associated with the Project and (d) other items and rights appurtenant to the development of the Project (collectively, the “Developer Rights”). TriBridge Member confirms that all such Developer Rights are in fact owned or controlled by Developer. Without limitation, the TriBridge Member shall cause any Affiliate (i.e. other than the Developer) who owns or who have rights to any approvals, permits or other development rights relating to the Project to contribute the same to the Borrower, for no additional charge, in the manner contemplated in Section 15.16 of the Contribution Agreement.
Developer Contribution. At the time of each purchase of a Development Parcel from the City hereunder, the Developer (or its assignee purchaser, as applicable) shall pay to the City, in addition to the purchase price for the Development Parcel, an amount calculated as follows: the amount shown as corresponding to the Development Parcel upon the Takedown Schedule attached hereto as Exhibit C. Each such contribution is referred to as a “Developer Contribution,” and such contributions plus any Developer Contribution Increase are, in the aggregate, collectively referred to herein as the “Developer Contribution.” Beginning on the date that is one year from the Effective Date and for each year thereafter (each being a “Developer Contribution Increase Date”), the Developer Contribution less any portion of the contributions made as of each Developer Contribution Increase Date shall be increased by the prior year’s average for the CPI-U, compounded annually, on each Developer Contribution Increase Date (collectively, the “Developer Contribution Increase”). At the last purchase of a Development Parcel from the City scheduled to take place hereunder, if the Developer Contribution which would be due in connection therewith, plus all other Developer Contributions paid previously, would not equal $3,000,000.00 plus the Developer Contribution Increase, then the Developer Contribution due and payable at the time of the last scheduled purchase shall be increased so that it, plus all other Developer Contributions paid previously, shall equal $3,000,000.00 plus the Developer Contribution
