Local Subdivision Contribution Sample Clauses
The Local Subdivision Contribution clause defines the obligations of a party, typically a developer, to provide financial or in-kind contributions to local authorities or municipalities as part of a development project. This may include payments for infrastructure improvements, public amenities, or community facilities that are necessitated by the new development, such as roads, parks, or schools. By specifying these contributions, the clause ensures that the costs of supporting new developments are fairly allocated and that local communities receive necessary enhancements, thereby addressing the impact of the project on public resources.
Local Subdivision Contribution. The Recipient shall, at a minimum, contribute to the Project (the "Local Subdivision Contribution") the Local Subdivision Participation Percentage as set forth in Appendix D of this Agreement. The Local Subdivision Contribution to the Project shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement for the completion of the Project as defined and described in Appendix A of this Agreement.
Local Subdivision Contribution. The Recipient shall, at a minimum, contribute to the Project the Local Subdivision Participation Percentage as set forth in Appendix B of this Agreement.
Local Subdivision Contribution. The Recipient shall, at a minimum, contribute to the Project the Local Subdivision Participation Percentage as set forth in Appendix B of this Agreement. In the event that the total actual Project costs exceed the estimated Cost of Project identified in Appendix B, the OPWC shall not be required to increase the maximum amount of the grant and the Recipient shall increase its Local Subdivision Contribution to meet such actual Cost of Project.