Recapture of Infrastructure Costs Advanced Sample Clauses

Recapture of Infrastructure Costs Advanced. ‌ If any components of the infrastructure improvements for the Property, including part or all of the Property’s waste water system and water system, roadway improvements, rights- of-way, easements and intersection improvements, including signalization, are designed and constructed by the Owner with the approval of the Village so as to benefit other real estate (the “benefited properties or property”), then the Village shall adopt a recapture agreement within 120 days of a request from Owner. Recapture agreements shall be in form and substance reasonably acceptable to Owner and the Village, and shall obligate the properties benefited by such improvements to pay to the Village (for the benefit of Owner) such property’s share of the total cost of said improvements (including hard and soft costs related to the design and installation of said improvements) plus interest at the prime rate from time to time published in The Wall Street Journal (computed from the date of installation until paid to Owner), or as otherwise agreed by the parties. The following is an example of a recapture calculation: assume that the Village determines that a waterline to be constructed by the Owner must be increased from 8” to 10” in order to serve other properties and that the other properties benefited will utilize 25% of the capacity of the 10” line; assume further that the cost of installing an 8” line is $170,000 and the cost of installing a 10” line is $200,000 (an additional $30,000); the benefited properties would pay 25% of the total cost of installing the 10” line ($50,000), not the difference in cost ($30,000) to install the larger line. If the foregoing method of calculating recapture is prohibited by State law, the method provided in the statutes for such calculations shall be used. For non-roadway improvements, each property’s share of such cost shall be computed on a per acre basis or P.E. basis (if applicable and adequate information is available to make such a determination at the time the recapture ordinance is requested) or as otherwise agreed by Owner and Village. For roadway improvements including signalization, each property’s share of such cost shall be computed on a per corner basis or on a street frontage basis. Each property’s share of its recapture obligation shall be paid to the Village upon approval of a final plat or final planned unit development plan for any part of the property so benefited. The recapture agreement shall additionally provide that th...
Sample 1
AutoNDA by SimpleDocs

Related to Recapture of Infrastructure Costs Advanced

  • Installation, Maintenance, Testing and Repair Unless otherwise agreed in writing by the Parties, to the extent required by Applicable Law, Interconnection provided by a Party shall be equal in quality to that provided by such Party to itself, any subsidiary, affiliates or third party. If either Party is unable to fulfill its obligations under this Section 14.2, it shall notify the other Party of its inability to do so and will negotiate alternative intervals in good faith. The Parties agree that to the extent required by Applicable Law, the standards to be used by a Party for isolating and clearing any disconnections and/or other outages or troubles shall be at parity with standards used by such Party with respect to itself, any subsidiary, affiliate or third party.

  • Maintenance and Repair – Line Sharing 3.6.1 C.M. shall have access for repair and maintenance purposes to any Loop for which it has access to the High Frequency Spectrum. If C.M. is using a BellSouth owned splitter, C.M. may access the Loop at the point where the combined voice and data signal exits the central office splitter via a bantam test jack. If C.M. provides its own splitter, it may test from the collocation space or the Termination Point.

  • Operating and Maintenance Costs The Participating Generator shall be responsible for all its costs incurred in connection with operating and maintaining the Generating Units identified in Schedule 1 for the purpose of meeting its obligations under this Agreement.

  • Subcontract Costs Payments made by the Construction Manager to Subcontractors in accordance with the requirements of the subcontracts.

  • BUILDING SERVICES CONTRACTS In compliance with Article 9, Section 230 of the New York State Labor Law:

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Cost of Repairs 54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date and the end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost if the loss or damage arises from the Contractor's acts or omissions.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Operating and Maintenance Expenses Subject to the provisions herein addressing the use of facilities by others, and except for operations and maintenance expenses associated with modifications made for providing interconnection or transmission service to a third party and such third party pays for such expenses, the Interconnection Customer shall be responsible for all reasonable expenses including overheads, associated with: (1) owning, operating, maintaining, repairing, and replacing the Interconnection Customer’s Interconnection Facilities; and (2) operation, maintenance, repair and replacement of the Participating TO’s Interconnection Facilities.

  • Generating Facility The Interconnection Customer’s device for the production of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

Time is Money Join Law Insider Premium to draft better contracts faster.