Developer Community definition
Examples of Developer Community in a sentence
Fee Developer Community Builder Assist Vertical Developer with development required to construct and dispose of Community Builder Units in accordance with the applicable development services agreement and the DDA.
The Developer Community Builder Partner shall keep the Agency Director reasonably informed of the status of negotiations during the Community Builder Negotiation Period, including any issues that the Developer Community Builder Partner and the Community Builder are not able to resolve.
To Developer: Community Health Centers of the Central Coast Attn: ▇▇▇▇▇ ▇▇▇▇▇, CFO ▇▇▇▇ ▇.
In consideration of such participation, the Fee Developer Community Builder will receive compensation (the “Development Fee”) of up to three percent (3%) of either: (a) the direct costs associated with the vertical construction of the applicable Community Builder Lot (the “Cost Model”) or (b) the gross revenues of the applicable Community Builder Lot (the “Revenue Model”).
A “Fee Developer Community Builder” is a Community Builder which enters into a customary development services agreement (the “Fee Developer Agreement”) with the Vertical Developer the applicable Community Builder Lot pursuant to which the Fee Developer Community Builder participates in the day-to-day development of the applicable Community Builder Lot.
Upon the occurrence of an Event of Default, the non-defaulting party shall have the right to pursue and enforce specific performance of the covenant or obligation which the defaulting party failed to perform, it being agreed that the Developer Community Benefits and the City Community Benefits represent ways of addressing specific concerns raised by the NAC and that monetary damages may be inadequate to address such concerns.
Notwithstanding anything to the contrary contained herein, an Event of Default by one of the or multiple Developers with respect to a Developer Community Benefit for which such Developer is responsible shall not be deemed an Event of Default by all of the Developers under this Agreement, and any such Event of Default shall be solely attributable to and enforceable against the defaulting Developer.
HFH, MSU, Pistons and the City acknowledge and agree that the Developer Community Benefits were agreed upon by HFH, MSU and ▇▇▇▇▇▇▇ to address concerns raised by the NAC, as required by the Community Benefits Ordinance.
Remaining Community Benefits will be calculated by the City and are equal to two hundred million dollars ($200,000,000), less the value of Moderate Inclusionary Units ($7,000,000), Prepayment for Job Readiness and Stabilization ($7,500,000), Autumn Street Parcel Donation ($8,400,000), and Developer Community Benefits Payments for office development that has received the Temporary Certificate of Occupancy (calculated at the time of the Community Benefit Adjustment).
All notices, demands, approvals and other communications provided for in the Project Documents shall be in writing and delivered to the appropriate party at its address as follows: If to Developer: Community Housing Resources, Inc.