Workplan Items Sample Clauses
Workplan Items. During the Permitted Phase, New Commons and BMAHC will use commercially reasonable efforts to carry out, or cause to be carried out, the following:
(i) if applicable, entering into definitive, binding agreements by which the Lands will be acquired, subject to no conditions other than the declaration of Construction Green Light, unless otherwise agreed by the parties;
(ii) supporting stakeholder and community engagement and updating and refining the Project Design to a level sufficient to obtain the Official Plan, Zoning and Site Plan Approvals, as applicable;
(iii) obtaining the Official Plan, Zoning and Site Plan Approvals, subject (where applicable) to conditions within the control of BMAHC and/or New Commons;
(iv) meeting all conditions specified in connection with any Official Plan, Zoning, and Site Plan approvals that are capable of being met during the Permitting Phase;
(v) obtaining letters of interest or expressions of interest for capital funding, construction financing and permanent financing sufficient to complete and operate the Project in accordance with the Pro Forma;
(vi) conducting a phase 2 environmental site assessment if recommended in the phase 1 environmental assessment obtained during the Feasibility Phase;
(vii) obtaining expressions of interest in respect of Third Party Components, if the parties agree that the Project may contain such components;
(viii) obtaining the Building Permits;
(ix) if applicable, securing contracts for the purchase and sale of any Third Party Components, subject to no conditions other than the declaration of Construction Green Light, unless otherwise agreed by the parties;
(x) if applicable, securing commitments from Project Equity Investors, subject to no conditions other than the declaration of Construction Green Light, unless otherwise agreed by the parties;
(xi) securing conditional commitments in respect of the Debt Financing;
(xii) meeting all conditions specified by lenders of the Debt Financing which are capable of being met during the Permitting Phase;
(xiii) facilitate and manage the procurement of qualified design builder;
(xiv) if applicable, finalizing any plans related to the relocation of residents and occupants of the Lands, and obtaining commitments in respect of any alternative accommodations in connection with such relocation;
(xv) updating and refining the Project Schedule in accordance with the information created or obtained during the Permitting Phase; and
(xvi) updating and refining ...
Workplan Items. (i) As soon as practicable following execution and delivery of this Agreement by the Parties, New Commons and BMAHC will undertake the preparation of the Feasibility Study.
(ii) The Feasibility Study will be prepared in accordance with the Terms of Reference attached at Schedule B and for certainty will include the following:
(A) a preliminary Project Design reflecting the values, aspirations and requirements of BMAHC;
(B) the review and if necessary augmentation of the existing phase 1 environmental site assessment;
(C) a preliminary Capital Budget and Pro Forma and financing strategy;
(D) Securing funding and financing as required to undertake subsequent phases of development work; and
(E) A high level assessment of possible green build components that should be included in the Project, including managing the Green Municipal Fund grant and attendant deliverables including revision of a workplan and reporting to Federation of Canadian Municipalities for the conduct of a feasibility study assessing energy requirements and outcomes of the Project using an evaluative process, cost benefit analysis, and recommendations for actions.
Workplan Items. During the Pre-Development Phase, New Commons and BMAHC will use commercially reasonable efforts to carry out, or cause to be carried out, the following:
(i) the terms and conditions on which the Lands, if any, will be acquired;
(ii) updating and refining the Project Design on a schematic basis;
(iii) preparing a Project Schedule in accordance with the information created or obtained during the Pre-Development Phase;
(iv) Facilitate and manage the procurement of a design/builder with BMAHC (including the drafting and issuance of a request for qualifications and a request for proposals and supporting the evaluation processes of both) resulting in the execution of a Design-Build Stipulated Price Contract;
(v) updating and refining the Capital Budget and Pro Forma to reflect the Project Design, financing and operating model, site conditions and other information created or obtained during the Pre- Development Phase;
(vi) Produce and manage a business plan consisting of Project budget and cashflow, schedule and development plan;
(vii) Support and engage in zoning/rezoning and other planning approvals if needed, in coordination with BMAHC and Town staff including management of all required pre-development studies and participation in related open house and public meetings, as required;
(viii) review the public and private financing options and deal structure and submit any necessary financing applications, obtain financing letters of interest; and
(ix) Securing funding and financing as required to undertake subsequent phases of development work.
Workplan Items. During the Construction Phase, New Commons will use commercially reasonable efforts to carry out, or cause to be carried out, the following:
(i) if applicable, complete the acquisition of the New Lands and, if necessary, consolidate the Lands and the New Lands;
(ii) updating the Project Design as required in accordance with the issued Building Permits;
(iii) work with BMAHC to finalize and execute a Design Build Stipulated Price Contract;
(iv) updating and refining the Project Schedule in accordance with the information created or obtained during the Permitting Phase;
(v) updating the Pro Forma based on competitive pricing of the Project;
(vi) work with BMAHC to grant, register and perfect such security as may be required to secure the Debt Financing; and
(vii) ensuring that construction of the Project is carried out and completed in compliance with this Agreement, the Design_Build Stipulated Price Contract, industry best practices, the Development Permits, the Building Permits, lending agreements, and any applicable requirements of Governmental Authorities.