Residential Component Sample Clauses

Residential Component. 8 a). Structured recovery environment with twenty-four (24) hour staffing;
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Residential Component. The Residential Component of rent for the Premises shall be computed by first attaining a raw residential appraisal (RRA) prepared by a licensed professional appraiser. The Lessor will adjust the RRA to reflect several factors including, but not limited to:
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Residential Component. The development will incorporate a residential element of approximately 3.14 acres (the Residential Component property). Developer is to construct a high quality, for-sale residential project with up to 65 for-sale townhome units and which is consistent with development standards set forth by the Entitlements.
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Residential Component. (a) The Site will contain a component for residential use (the “Residential Component”). The Residential Component is anticipated to be composed of townhouses and residential units on Holmwood Avenue and Bank Street.
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Residential Component. The term “
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Residential Component. The Project will include a minimum of the lesser of (a) 140 residential units and (b) 100,000 square feet of residential space (the “Minimum Residential Component”). Developer shall use commercially reasonable efforts to include the lesser of (i) 15 “for sale” units and (ii) 15,000 square feet of “for sale” residential space in the Minimum Residential Component. The Project’s residential units shall be (x) reflective of current and anticipated market conditions, (y) respectful and sensitive to the scale and character of surrounding single family neighbors, and (z) responsive to the changing dynamics of housing demand and availability within the City of Lakewood. If Developer elects to engage a controlling general partner in or assign sole management and control responsibility for the Minimum Residential Component to an unaffiliated third party (the “Unaffiliated Residential Development Partner”), such Unaffiliated Residential Development Partner shall be subject to the City’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed, and any such Unaffiliated Residential Development Partner shall be required to acknowledge in writing its obligations under this Agreement for the benefit of the City prior to undertaking any work contemplated herein, a copy of which shall be delivered to the City promptly after such assignment. For the avoidance of doubt, the approval by the City of assignment of Developer’s obligations relating to the Minimum Residential Component shall not be required if Developer or one of its Affiliates (as defined in Section 11.1) continues to have or shares management authority or control of the Minimum Residential Component, provided any such Affiliate acknowledges in writing its obligations under this Agreement for the benefit of the City prior to undertaking any work contemplated herein, a copy of which shall be delivered to the City promptly after such assignment. In the event that Developer engages an Unaffiliated Residential Development Partner that is approved by the City hereunder, Developer shall be forever released from any further obligations or liabilities hereunder with respect to the Minimum Residential Component of the Project.
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Residential Component. For the life of the Proposed Development, Developer will reserve the Residential Component as for-sale units. During the initial unit sales effort and to the extent that it is economically feasible at currently projected average sales prices of $720,000 per unit, the Developer shall impose leasing and resale restrictions to insure that a minimum of 90 percent of the Residential Component units of the Completed Development are sold to purchasers who intend to occupy the units as their primary residence(s). The future condominium documents and bylaws shall include a provision that no less than 80 percent of condominium units in the Residential Component of the Completed Development shall be owner-occupied at any time. Rentals through Airbnb or other such short term rentals shall be prohibited in the condominium documents and bylaws.
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Residential Component. (a) For the residential component of the Development, the Developer commits to the achievement of:
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Related to Residential Component

  • MAINTENANCE OF THE SAID BUILDING / APARTMENT / PROJECT The Promoter shall be responsible to provide and maintain essential services in the Project till the taking over of the maintenance of the project by the association of the allottees. The cost of such maintenance has been included in the Total Price of the [Apartment/Plot]. [Insert any other clauses in relation to maintenance of project, infrastructure and equipment]

  • School Improvement The conditions which follow shall govern employee participation in any and all plans, programs, or projects included in the terms, site-based decision making, school improvement, effective schools as provided in Act 197, P.A. 1987 (Section 15.1919 (919b) MSA) or other similar plans:

  • Completion of Improvements Within 90 days of completion of any construction herein permitted, Company will cause to be prepared and delivered to Authority record documents as required under the Tenant Work Permit process, including but not limited to as-builts, legal descriptions, boundary surveys, and certified final cost of construction. The submission of record document electronic media will be in accordance with Authority’s Standard Procedure for computer aided design and drafting and drawings, as may be revised from time to time.

  • NUMBER OF OCCUPANTS Tenant agrees that the House shall be occupied by no more than [Total Number of Occupants] persons, including no more than [Maximum Number of Children] under the age of eighteen (18) years, without the prior written consent of Landlord.

  • Cost of the Work § 6.1 For purposes of this Agreement, the Cost of the Work shall be the total cost to the Owner to construct all elements of the Project designed or specified by the Architect and shall include contractors’ general conditions costs, overhead and profit. The Cost of the Work also includes the reasonable value of labor, materials, and equipment, donated to, or otherwise furnished by, the Owner. The Cost of the Work does not include the compensation of the Architect; the costs of the land, rights-of-way, financing, or contingencies for changes in the Work; or other costs that are the responsibility of the Owner.

  • Substantial Completion “Substantial Completion” means the stage in the progress of the Work when the Work, or designated portions thereof, may still require minor modifications or adjustments but, in the Owner’s opinion, the Work has progressed to the point such that all parts of the Work under consideration are fully operational and usable for intended purposes, as evidenced by a Certificate of Substantial Completion approved by the Owner. If a Certificate of Occupancy is required by public authorities having jurisdiction over the Work, said certificate shall be issued before the Work or any portion thereof is considered substantially complete. When the Contractor considers that the Work, or a portion thereof which the Owner agrees to accept separately, is substantially complete, the Contractor shall notify Owner’s Designated Representative (sometimes referred to as the “ODR”) and request a determination as to whether the Work or designated portion thereof is substantially complete. If the ODR does not consider the Work substantially complete, the ODR will notify the Contractor giving reasons therefore. Failure on the Owner’s part to list a reason does not alter the responsibility of the Contractor to complete all Work in accordance with the terms of this Agreement. After satisfactorily completing items identified by Owner’s Designated Representative, the Contractor shall then submit another request for the ODR to determine Substantial Completion. If The ODR considers the Work substantially complete, The ODR will prepare and deliver a certificate of Substantial Completion which shall establish the date of Substantial Completion, shall include a punch list of items to be completed or corrected before final completion and final payment, shall establish the time within which the Contractor shall finish the punch list, and shall establish responsibilities of the Owner and the Contractor for security, maintenance, heat, utilities, damage to the Work, warranty and insurance. Failure to include an item on the punch list does not alter the responsibility of the Contractor to complete all Work in accordance with the terms and conditions of this Agreement. The certificate of Substantial Completion shall be signed by the Owner and the Contractor to evidence acceptance of the responsibilities assigned to them in such certificate. Substantial Completion (as defined in this agreement) for all stages of the Work shall be achieved on or before the following Substantial Completion date: DATE FOR SUBSTANTIAL COMPLETION: TBD Under no circumstances will the time for Substantial Completion exceed this date without a written amendment to this Agreement. THE TIMES SET FORTH IN THE CONSTRUCTION DOCUMENTS ARE AN ESSENTIAL ELEMENT OF THE AGREEMENT. TIME LIMITS STATED IN THE CONTRACT DOCUMENTS ARE OF THE ESSENCE OF THIS AGREEMENT.

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