Water Main Extension Incentive Sample Clauses

Water Main Extension Incentive. Subject to the conditions set forth below in Section 2.6, in exchange for the Developer completing the Water Main Extension required by Section 2.2, the Village agrees to reimburse to the Developer the lesser of fifty percent (50%) of the cost for the Water Main Extension or One Hundred Twelve Thousand Dollars ($112,000.00) (hereinafter referred to as the “Water Main Extension Incentive”). The cost for the Water Main Extension shall be considered separate and distinct from the cost for the Water Main Access Line, and the incentive provided in this Section only applies to the costs for the Water Main Extension.
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Related to Water Main Extension Incentive

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