Developer Contributions. The Developer shall contribute the sum of $50,000.00 for sidewalk and street improvements related directly to the Project. The Developer shall further contribute the sum of $30,000.00 to the Historic Lake Wales Society, Inc., for consultation related to the Project. These sums shall be collectively referred to as the “Developer Contribution” and shall be paid by the Developer in the manner set forth in the Developer’s response to the Request for Proposals. The Developer Contribution shall be in addition to any other sum payable to the City pursuant to this Agreement. The Developer Contribution, excluding that portion to be paid to the Historic Lake Wales Society, Inc., shall be held by the City’s Director of Finance in a separate interest bearing account.
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