Common use of Oversizing Clause in Contracts

Oversizing. (a) The parties agree that the facilities summarized below are sized larger than are necessary to service the subject tract, and that the developer’s recoverable dollar amount attributable to such over- sizing is $ plus interest at the annual rate of %. (List below the type of improvement and dollar cost of over-sizing in that improvement.)

Appears in 1 contract

Sources: Contract for Subdivision of Development Improvements

Oversizing. (a) The parties agree that the facilities summarized below are sized larger than are necessary to service the subject tract, and that the developer’s 's recoverable dollar amount attributable to such over- sizing oversizing is $ , plus interest at the annual rate of %. (List below the type of improvement and dollar cost of over-sizing oversizing in that improvement).)

Appears in 1 contract

Sources: Contract for Division/Subdivision or Development Improvement