Necessary Infrastructure definition
Examples of Necessary Infrastructure in a sentence
The City intends to finance the Necessary Infrastructure Facilities subject to the restrictions and limitations provided under Paragraph 17(f) and contained in the Financing Agreement.
If the Town elects to commence construction and Stilo immediately funds all costs associated with upsizing for construction of the Necessary Infrastructure, the Town shall construct the Necessary Infrastructure subject to the reimbursement provisions and other remedies set forth below.
Stilo shall take reasonable steps to obtain the Required Approvals for the Necessary Infrastructure to ▇▇▇▇▇▇ and TenX so that building permits have been issued for the construction of the Necessary Infrastructure for the development of housing at either ▇▇▇▇▇▇ or TenX no later than the ▇▇▇▇▇▇ Access Construction Period.
Construction of the Facility shall commence no later than 120 days after the later of (i) the date upon which BEDC delivers a ‘shovel-ready’ site with the Necessary Infrastructure improvements, as specified in Article V, Section 3, or (ii) the issuance of a building permit by the City of Bastrop and all other City or governmental approvals necessary to begin construction of the Facility.
Subject to Stilo’s funding obligation set forth below, the Town shall act as the applicant for the U.S. Forest Service’s approval of Necessary Infrastructure (“Forest Service Application”).
For these purposes “housing being available” means that a subdivision has been platted with at least twenty- five (25) lots for sale to the public (the “Initial Subdivision”) in either ▇▇▇▇▇▇ or TenX; Necessary Infrastructure to the Initial Subdivision has been installed; and building permits have been obtained for at least five (5) single family homes and homes are built and suitable for occupancy.
The City agrees to use reasonable efforts to obtain federal and/or state funding to supplement fees to be assessed by the City for purposes of improving existing roads and constructing new roads identified as Necessary Infrastructure Facilities or in any traffic impact analysis, to serve the Project, such as those described above.
Within six (6) months following the point that building permits for single family homes have been issued for seventy-five percent (75%) of the lots in the Initial Subdivision, Stilo or an assignee of Stilo shall establish an additional subdivision on either TenX or ▇▇▇▇▇▇ with at least twenty-five (25) lots for single family homes together with the Necessary Infrastructure to such subdivision with at least two (2) model homes for the subdivision until seventy-five percent (75%) build out.
Upon completion of construction, the Necessary Infrastructure shall be maintained by Stilo, its assignee, master property association or other improvement district that may be formed for such purpose in accordance with the requirements of the Final Approval of the Forest Service Application.
Stilo shall diligently pursue all Required Approvals to provide Necessary Infrastructure to develop ▇▇▇▇▇▇ and TenX as defined by Section 5(b) of this First Amendment and the Town agrees to fully cooperate in pursuit of such approvals at no out of pocket cost to the Town excepts as set forth herein.