RENOVATION PHASE IMPACTS Sample Clauses

RENOVATION PHASE IMPACTS. The Applicant anticipates that private sector investment in the renovation of the Project (excluding land acquisition, legal fees, financial fees, and reserves) would cost approximately $14.3
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RENOVATION PHASE IMPACTS. The Applicant anticipates that private sector investment in the renovation of the Project would cost $10.8 million1 for all phases. It is assumed that 80%2 of the renovation spending would be sourced from within the county, representing $8.6 million in net new spending in the county associated with the renovation phase of the Project. Table 2 Renovation Phase Spending Total Renovation Cost $ 10,800,000 Percent Sourced from County 80% Net New Renovation Spending $ 8,640,000 Source: Applicant, Camoin Associates Based on $8.6 million worth of net new direct spending associated with the renovation phase of the Project, we determined that there would be nearly $12.6 million in total one-time renovation related spending supporting 68 jobs3 over the 4-5 year renovation period throughout the county and nearly $5.0 million in earnings. Table 3 outlines the economic impacts of renovation. Table 3 Economic Impact - Renovation Phase Jobs Earnings Sales Direct 48 $ 3,572,958 $ 8,640,000 Indirect 9 $ 618,185 $ 1,966,638 Induced 11 $ 776,506 $ 1,992,389 Total 68 $ 4,967,649 $ 12,599,027 Source: EMSI, Camoin Associates Based solely on information in the application, the project timeline should allow the Agency to reach the conclusion that there is a likelihood of accomplishing the Project in a timely manner. Although we are not construction experts, nothing has come to our attention that would cause us to reach a contrary conclusion.
RENOVATION PHASE IMPACTS. The Applicant anticipates that private sector investment in the renovation of the Project would cost $4.51. It is assumed that 50%2 of the renovation spending would be sourced from within the county, representing $2.2 million in total net new spending in the county associated with the renovation phase of the Project. Table 2 Based on $2.2 million worth of net new direct spending associated with the renovation phase of the Project, we determined that there would be nearly $3.3 million in total one-time renovation related spending supporting 14 jobs over the renovation period throughout the county and nearly $1.3 million in earnings. Table 3 outlines the economic impacts of renovation. Table 3 Based solely on the information in the application, the project timeline should allow the Agency to conclude that there is a likelihood of accomplishing the Project in a timely manner. Although we are not construction experts, nothing has come to our attention that would cause us to reach a contrary conclusion.
RENOVATION PHASE IMPACTS. The Applicant anticipates that private sector investment in the renovation of the Project (excluding land acquisition and financial fees) would cost nearly $2.6 million2. If we assume that 90%3 of the renovation spending would be sourced from within the county, we can project that there will be over $2.3 million in net new spending in the county associated with the renovation phase. Table 2 Based on $2,327,400 worth of net new direct spending associated with the renovation phase of the Project, we determined that there would be nearly $3.5 million in total one-time construction related spending supporting 15 jobs over the 18-month construction period4 throughout the county and over $1.3 million in earnings. Table 3 outlines the economic impacts of renovation. Table 3 Based solely on information in the application, the project timeline should allow the Agency to reach the conclusion that there is a likelihood of accomplishing the Project in a timely manner. Although we are not construction experts, nothing has come to our attention that would cause us to reach a contrary conclusion.
RENOVATION PHASE IMPACTS. The Applicant anticipates that private sector investment in the renovation of the Project would cost approximately $503,0001. If we assume that 90%2 of the renovation spending would be sourced from within the county, we can project that there will be $452,700 in net new spending in the county associated with the renovation phase. Table 2 Renovation Phase Spending Total Construction Cost $ 503,000 Percent Sourced from County 90% Net New Constuction Spending $ 452,700 Source: Applicant, Camoin 310 Based on $452,700 worth of net new direct spending associated with the renovation phase of the Project, we determined that there would be approximately $665,431 in total one-time renovation related spending supporting 3 jobs over the five-year renovation period3 throughout the county and nearly $258,842 in earnings. Table 3 outlines the economic impacts of renovation. Table 3 Economic Impact - Renovation Phase Jobs Earnings Sales Direct 2 $ 184,074 $ 452,700 Indirect 0 $ 31,700 $ 101,048 Induced 1 $ 43,068 $ 111,683 Total 3 $ 258,842 $ 665,431 Source: Emsi, Camoin 310 1 Includes project costs as provided by the Applicant in Part III of the application.

Related to RENOVATION PHASE IMPACTS

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items:

  • Construction Phase Part 1 –

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Construction Phase Payments 10.3.1 Payments for Construction Phase Services shall be made as provided for in the UGSC and Owner’s Specifications. All payment requests shall be submitted through e- Builder® with a Schedule of Values and include all required attachments. Payment for approved Change Orders shall be made as part of Contractor’s Application for Payment. Failure to submit a Prime Contractor Progress Assessment Report form with each Application for Payment will cause rejection of the application by Owner and its return to Contractor.

  • Tenant Improvements Subject to the terms and conditions hereof, Landlord agrees, at its cost and expense to complete a “turnkey” interior build-out (“Tenant Improvements”) of the Leased Premises in accordance with the conditions stated in the Work Letter attached hereto as Exhibit C and incorporated hereby pursuant to the Approved Final Plans to be finalized and approved in accordance with the Work Letter and upon approval attached thereto. Any changes or modifications to the Approved Final Plans thereafter must be done in writing and signed by both Tenant and Landlord in accordance with the Work Letter. So long as in accordance with Article 19 of this Lease, Tenant agrees that Landlord shall be entitled to select, in its reasonable discretion and acting in good faith, all architects, engineers, contractors and material suppliers necessary to furnish the labor and materials for the construction of the Tenant Improvements. Landlord shall be the sole contracting party with respect to the employment of contractors which perform the work necessary to construct the Tenant Improvements. Tenant shall not be entitled to access to the Leased Premises prior to the Date of Substantial Completion and Tenant shall not interfere with or impair in any material way the construction of the Tenant Improvements, and any such interference or impairment shall be included within a Tenant Delay as defined in the Work Letter and shall entitle Landlord to all remedies provided herein for breach of this Lease. Prior to the Possession Date, Tenant shall not enter into any contract for construction of any improvements within the Leased Premises with any person other than Landlord without Landlord's prior written consent. Tenant, at Tenant's expense, shall obtain and maintain any and all necessary permits and licenses to enable Tenant to conduct Tenant’s Permitted Use, and the failure of Tenant to obtain or maintain same shall not in any manner affect the Tenant’s obligations hereunder. Landlord shall be solely responsible, at its cost and expense, for obtaining all permits and approvals related to the Tenant Improvements.

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project

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