PROCEDURE AND FORMAT Clause Samples

PROCEDURE AND FORMAT. 1. A due diligence review process will be completed by CRRUA and the developer prior to entering into a development agreement which will include the following at a minimum: a. A concept plan will be developed and presented to CRRUA for review. b. A preliminary review meeting between the parties will be completed to discuss a baseline level of information and the concept plan, including a preliminary quantity and cost estimate substantially in the form attached as Exhibit A. c. A preliminary assessment of the viability of the project and ▇▇▇▇▇’s ability to serve the proposed project will be completed. 2. After the due diligence review is completed, the parties will decide whether a development agreement is an appropriate tool to address the relationship between the parties. 3. If the parties decide to proceed, then the development agreement shall be substantially in the form attached. THIS AGREEMENT (“Agreement or Development Agreement”) executed on this _ day of ,20 between the Camino Real Regional Utility Authority (CRRUA), a quasi- governmental entity operating under a Joint Powers Agreement between the City of Sunland Park, NM and ▇▇▇▇ Ana County, New Mexico, and , the Owner/Developer of the proposed project improvements, ("Owner" or “Developer”).