Proposed Development. 3.1. The Vendor proposes to develop the Scheduled Land in accordance with the permit for construction/development into a housing complex as per details given below:
Proposed Development. 2.1 The Owner agrees to undertake and maintain landscaping on the subject property in general accordance with the landscape plans attached hereto as Schedules “C” and forming part of this agreement. (herein after called the “Landscaping Works”)
Proposed Development. The Owner agrees to restore the exterior of the Heritage Building on the Heritage Lands in general accordance with the design proposal attached hereto as Schedule 1, and forming part of this agreement, which restoration shall include, but not be restricted to the following:
Proposed Development. 2.1 The Owner agrees to undertake and maintain landscaping on the subject property in general accordance with the landscape plans attached hereto as Schedules “L1” and “L2” and forming part of this agreement. The owner also agrees not to remove the existing maple trees unless their removal is supported by a report from a professional arbourist. (hereinafter called the “Landscaping Works”)
Proposed Development. Developer is proposing 3 new to market sales tax users and a primary job tenant. • Fatburger • Cool Greens • Hawaiian Bros. • Athletico – Physical Therapy • This site improvement would include the following: • Access (Shared Drive) • Environmental Cleanup • Drainage • Aesthetics • New to market users • Developer is asking for $850,000 in economic incentives Proposed Development • Hawaiian Brothers • Hawaiian inspired cuisine • Rapidly growing since 2018 • Fatburger • Been in business since 1952 • This will be the 6th location in DFW • Cool Greens • Salads, wraps, grain bowls and sandwiches • 4th location in DFW • Athletico • Physical Therapy Office The Retail Connection Project Facelift 0000 0000 0000 2026 2027 2028 2029 2030 2031 2032 2042 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 20 CAPEX $ 4,000,000.00 $ 4,120,000.00 $ 4,243,600.00 $ 4,370,908.00 $ 4,502,035.24 $ 4,637,096.30 $ 4,776,209.19 $ 4,919,495.46 $ 5,067,080.33 $ 5,219,092.74 $ 7,014,024.21 Appraised Value (70% of CAPEX) $ 2,800,000.00 $ 2,884,000.00 $ 2,970,520.00 $ 3,059,635.60 $ 3,151,424.67 $ 3,245,967.41 $ 3,343,346.43 $ 3,443,646.82 $ 3,546,956.23 $ 3,653,364.91 $ 4,909,816.95 Revenue Cumulative $ 140,000.00 $ 140,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 $ 160,000.00 Property Tax $ 20,160.00 $ 20,764.80 $ 21,387.74 $ 22,029.38 $ 22,690.26 $ 23,370.97 $ 24,072.09 $ 24,794.26 $ 25,538.08 $ 26,304.23 $ 35,350.68 Expenses Sales Rebate Utility Demo & Env. $ (425,000.00) $ (425,000.00) Annual $ (264,840.00) $ (264,235.20) $ 181,387.74 $ 182,029.38 $ 182,690.26 $ 183,370.97 $ 184,072.09 $ 184,794.26 $ 185,538.08 $ 186,304.23 $ 195,350.68 Cumulative $ (529,075.20) $ (347,687.46) $ (165,658.08) $ 17,032.18 $ 200,403.14 $ 384,475.24 $ 569,269.49 $ 754,807.58 $ 941,111.81 $ 2,851,706.75 Projected Sales $ 7,000,000.00 $ 7,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 $ 8,000,000.00 • 10 YR Return – 111% • 20 YR Return – 335% Tonight’s Action
Proposed Development. To the extent not included in the other items to be provided pursuant to this SECTION 4.2, Borrower shall have submitted to the Lender budgets, feasibility studies (if available), environmental and engineering reports and studies, proforma financial statements, income projections, development schedules and other information as the Lender may require to establish that the development of Lots and/or the construction and sale of Units on Lots in the Subdivision and the estimated costs, expenses and profits acceptable to the Lender in its sole and absolute discretion.
Proposed Development. (b) This Agreement binds the Parties and applies to the Land on which the Proposed Development is to be carried out.
Proposed Development. 3.2.1 Key details of the Proposed Development and the Upeca Sub-Lease Agreement can be summarised as follows: Features : Manufacturing facility to be built to Upeca’s Specifications Further enhancements pursuant to Upeca’s Specifications: Substantial part of the Facility will be air-conditioned Smoke spill system Power supply estimated at 3,000 ampere Any other additional requirements to comply with the requirements of the Department of Civil Aviation of Malaysia Gross built-up area : Approximately 178,978.60 sq ft Tenure : Initial fixed lease period of 20 years (“Initial Term”). The Trustee irrevocably grants to Upeca the following options to renew: Options Tenure Option 1 6 years commencing from the day after the last day of the Initial Term (“New Term 1”) Option 2 6 years commencing from the day after the last day of the New Term 1 (“New Term 2”) Provided that Upeca is not in material breach of its obligations under the Sub-Lease, Upeca shall be entitled at its sole and absolute discretion to elect to extend the lease for a further term as stated above, upon the same terms and conditions as the Upeca Sub-Lease Agreement (save for the monthly rental) provided that: (i) Upeca gives written notice to the Trustee not less than 12 months prior to the expiration of the then existing term of its intention to extend the term of the Sub-Lease; and (ii) the monthly rental for the New Term 1 and New Term 2 (if applicable) shall be revised in accordance with the pre-determined rental rate psf. Gross rental income : The monthly rental for the Demised Premises for the first 3 years shall be RM465,344.36, calculated at the rate of RM2.60 psf (excluding goods and services tax) multiplied by the Gross Built-Up Area provided that the construction cost of the Demised Premises and any other incidental costs shall not exceed RM46.80 million (“Total Project Costs”). The agreed rental rate is subject to rental step-up in later years. For every RM300,000.00 increase in the Total Project Costs exceeding RM46.80 million, all the rental rates set out in the Upeca Sub-Lease Agreement will increase by RM0.01 psf. Estimated initial net yield : Approximately 7.0% per annum Estimated development cost : RM53.29 million (excluding the Project Land) RM74.16 million (including the Project Land)
Proposed Development. 56 (h) Plat......................................................................56 (i) Zoning Approvals..........................................................56 (j)
Proposed Development. <.. image(A picture containing grass, house, outdoor, residential Description automatically generated) removed ..> Proposed site plan <.. image(Diagram Description automatically generated) removed ..> <.. image(A picture containing outdoor, house, building, parked Description automatically generated) removed ..> Parking • Minimum requirement in C1 Zone – 0.5/unit for residential for vehicular and bicycle – Total: 13 vehicular (including 2 accessible) and 13 bicycle • Proposed parking – 20 vehicular parking including 2 accessible spaces – Bicycle parking (numbers not yet decided) 2021-03-24 Land Use By-law Urban Design Requirements • Emphasize corner • 0ft setback from streets is ideal; no more than 8ft • Building orientation and situation • C1 Zone is the traditional commercial centre that offers retail, professional, service-related business, and complementary residential • MPS encourages mix of land uses, compact development, range of housing options, improved appearance of built form, and improved pedestrian experience 2021-03-24 Policy Municipal Planning Strategy • Policy CDA-6: – Buildings between two and five storeys in height – Buildings on corner lots should emphasize the importance of the corner – Strong consideration to the urban design requirements – Minimum amenity space requirements – In accordance with Policy IM-6 2021-03-24 • Step 1 – Preliminary report to Council • Step 2 – Public participation meeting • Step 3 – Planning analysis report to Council • Step 4 – First consideration of proposed development agreement • Step 5 – Public hearing • Step 6 – Final consideration of development agreement • Step 7 – Publication of development agreement • Step 8 – Appeal period – 14 days after publication of development agreement **Red stages provide opportunity for public comment or comments welcome to xxxxxxxxx.xxxxxx@xxxxxxxxxxx.xx or 000-000-0000 by April 7th
