Common use of Developer Contributions Clause in Contracts

Developer Contributions. 5.1 The Developer agrees that in lieu of the requirement to construct or install improvements and services necessary to access or service the Lands or the Subdivision Area, the Town may require that the Developer pay its proportionate share of the costs of designing, constructing and installing such improvements or services as a Developer’s Contribution. The Developer covenants and agrees to pay to the Town all Developer Contributions applicable to the Lands and the Subdivision Area if and when established by the Town. 5.2 The Developer Contributions currently calculated and established by the Town, and payable by the Developer to the Town, are the amounts specified in Schedule "E" of this Agreement.

Developer Contributions. 5.1 The Developer agrees that in lieu of the requirement to construct or install improvements and services necessary to access or service the Lands or the Subdivision Development Area, the Town may require that the Developer pay its proportionate share of the costs of designing, constructing and installing such improvements or services as a Developer’s Contribution. The Developer covenants and agrees to pay to the Town all Developer Contributions applicable to the Lands and the Subdivision Development Area if and when established by the Town. 5.2 The Developer Contributions currently calculated and established by the Town, and payable by the Developer to the Town, are the amounts specified in Schedule "E" of this Agreement.