Site Improvement Costs Sample Clauses

Site Improvement Costs. (Preferential Use Aircraft Parking Area, Common Use Taxilanes/Areas and Site Work) MAC shall have the necessary site work, paving of the Preferential Use Aircraft Parking Area, common use taxilanes/areas and work incidental thereto completed that will serve as the Preferential Use Aircraft Parking Area of the Leased Premises and associated areas. Such work shall be completed prior to the DBO as defined above. The cost of such work shall be recovered by MAC and paid by Mesaba in monthly payments as described on the attached Exhibit C, commencing on the DBO. The amount to be recovered by MAC shall be the actual cost of all work directly related to the Mesaba Project and the common use taxilanes/areas and work incidental thereto. The cost of the common taxilanes/areas shall be allocated to Mesaba based on the percentage that its Preferential Use Aircraft Parking Area is of the total Preferential Use Aircraft Parking Area in the designated West Side area. The costs of the work shall be amortized over thirty (30) years at an annual interest rate equal to that being paid on the bonds issued for the financing of this portion of the Runway 17-35 program, plus a debt coverage amount determined by MAC. The annual amount shall be divided by twelve (12) to determine the monthly amount to be paid by Mesaba. The cost to be paid by Mesaba shall be determined initially based on estimates of cost of the work, including contingencies, and adjusted to actual costs no later than 120 days after substantially all elements relating to the cost of the Mesaba Project have been completed. MAC shall notify Mesaba in writing of the actual cost and the associated amount to be paid. Upon reconciliation of the Mesaba Project costs, Exhibit C shall be amended to reflect actual expenses. Mesaba may request and MAC will furnish reasonable documentation to substantiate the reconciled costs used to determine its rental rate.

Site Improvement Costs. In order to complete the Minimum Improvements, the Developer agrees that it will need to complete, and that it will complete, certain Site Improvements to the Development Property, including earth work (the “Site Improvements”). Before commencement of the Site Improvements to be reimbursed with the TIF Note, the Developer must furnish to the City Administrator copies of the construction contract or contracts for such Site Improvements then in existence and all subcontracts, if any, together with a list of the names and addresses of all contractors and subcontractors for the Site Improvements, and a written certificate from a licensed architect or engineer that the costs of such contracts are commercially reasonable. As the Developer enters into additional contracts for such Site Improvements, it shall provide or update the information required in the previous sentence. At reasonable intervals during construction of the Site Improvements, or at any time upon request of the City, the Developer shall submit to the City, in a form satisfactory to the City Administrator, written evidence of costs incurred and paid for Site Improvements, the presently estimated costs for which are set forth in Exhibit C. Such evidence shall include, at a minimum, paid invoices or comparable evidence of payment. By no later than 60 days after the date required for completion of the Minimum Improvements under Section 5.3 hereof, the Developer shall have submitted evidence for all Site Improvement Costs.

Site Improvement Costs. 12 Section 3.7. Financing of Property Acquisition, Public Improvements and Site Improvements ....................... 12 Section 3.8.

Site Improvement Costs. The Authority and the City agree that in order to make construction of the Minimum Improvements financial feasible, it is necessary for the Authority to assist the Developer through the financing of certain costs related to the preparation of the Development Property. Such preparation activities are referred to in this Agreement as the "Site Improvements" or the "Site Improvement Costs" and shall consist of the improvements descried in Schedule F hereto. The Developer shall construct all Site Improvements in a timely fashion necessary to permit construction of the Minimum Improvements as described in Article IV hereof. Plans and specifications for the Site Improvements shall be approved by the Authority in accordance with Article IV hereof. The Authority will reimburse the Developer for a portion of the site Improvement Costs in accordance with the terms of the Section 3.7 hereof. At reasonable intervals during construction of the Site Improvements, the Developer shall submit evidence of the Site Improvements Costs to the Authority in a form reasonably satisfactory to the Authority. Such evidence shall include, at a minimum, paid invoices or comparable evidence of payment. If the cost of all Site Improvements exceed the amount to be reimbursed under Section 3.7, such excess cost shall be the responsibility of the Developer. Neither the City nor the Authority shall have any obligation to the Developer or to any third party with respect to any defects in the construction of the Site Improvements.

Site Improvement Costs. On-site and off-site improvement costs actually expended by Playa or a Playa Affiliate which were directly related to Phase I for engineering, consultants, bonds, grading, wet utilities, dry utilities, street improvements, walls and fences, landscaping, and any other facilities located in Phase I and other similar or related costs.