ROADS, INFRASTRUCTURE, AND SERVICES. The City, Owner and Developer recognize that the majority of the direct costs associated with the Development of the Property will be borne by the Owner, Developer, and/or Secondary Developers, and many other necessary services will be provided by other governmental or quasi-governmental entities, and not by the City. For clarification, the parties make specific note of and acknowledge the following:
ROADS, INFRASTRUCTURE, AND SERVICES. The City, Owner and Developer recognize that Owner, Developer, or a Subsequent Developer shall be responsible for the majority of the direct costs associated with the Development of the Property, and many other necessary services will be provided by other governmental or quasi- governmental entities, and not by the City. The City agrees to reasonably cooperate with Owner, Developer, or a Subsequent Developer to establish Multi-County Business Park and fee in lieu of property taxes (FILOT) agreements, Municipal Improvement District financing, and/or other public financing programs to provide additional financing for the Development of the Property pursuant to this Development Agreement; provided, however, that the City shall not be required to allocate any portion of the City’s millage or tax revenue for such public financing. For clarification, the parties make specific note of and acknowledge the following:
ROADS, INFRASTRUCTURE, AND SERVICES. The City, Owner and Developer recognize that the majority of the direct costs associated with the Development of the Property will be borne by the Developer and Subsequent Developers, and many other necessary services will be provided by other governmental or quasi-governmental entities, and not by the City. Exhibit F hereto provides a methodology for equitably apportioning the responsibility for the design development, permitting, construction and financing of certain improvements believed to be likely necessary. The purpose of the traffic impact assessments and the methodologies set forth herein is to provide a mechanism by which the Owner, Developer, and/or Subsequent Developers address the traffic impacts created by the development of the Property to avoid unacceptable Levels of Service (LOS), being defined as LOS D in accordance with SC DOT standards, and to the extent reasonably practical, avoid conferring a windfall upon other developers arising from the construction undertaken by Owner, Developer or Subsequent Developers by providing for cost sharing, reimbursement, or offsets. For clarification, the parties make specific note of and acknowledge the following:
