Examples of Participating Developers in a sentence
City hereby agrees to collect the Financing Plan Reimbursement Fee prior to accepting any small lot final map for property owned by a Non-Participating Landowner, and to distribute said proceeds to the Participating Developers based on their pro-rata share, on a per-acre basis, within thirty (30) days of receipt thereof.
Within ninety (90) days of City’s approval of this Agreement, City shall establish a financing plan reimbursement fee, as set forth in Chapter 5 of Volume 1 of the Infrastructure Financing Plan, for purposes of reimbursing the Participating Developers who advance-funded the costs to prepare the Infrastructure Financing Plan (“Financing Plan Reimbursement Fee”).
At the request and with the support of the Developer and/or the Participating Developers, County shall form one or more community facilities districts for the purpose of financing the construction and acquisition of a portion or portions of the Backbone Infrastructure and public facilities within the Specific Plan and/or financing the Project Impact Fees (an “Infrastructure CFD”).
Auburn, CA 95603 Notice required to be given to the Developer shall be addressed as set forth for Developer in the Exhibit B list of Participating Developers, with a copy thereof to the Development Group.
Wherever this Agreement or any approved Development Phase obligates Developer to design, construct or install any improvements, the cost thereof may be provided by Developer and/or by other Participating Developers and/or the Development Group, subject only to reimbursements or credits specified in this Agreement.
The terms and conditions for the sale of such reserved sites to the applicable entities, including the payment of any reimbursements or provision of any credits for the value of such sites and any improvements by Developer or the Participating Developers thereto, shall be subject to separate agreements with the applicable entities.
Neither Developer nor any group of Participating Developers may submit, independent of the Development Group, an application for a Development Phase and Phasing Plan without the prior written acknowledgment from the Development Group that Good Standing Certificate(s) are held by the Developer(s) and that the Development Group has received and reviewed the Developer(s)’ proposed application for the Development Phase and Phasing Plan.
From time to time, Developer, or Developer and one or more other Participating Developers, or the Development Group acting on behalf thereof, may submit an application for approval of development within a designated portion of land owned by said Participating Developers within the Plan Area (a “Development Phase”).
Any such credits or reimbursements related to the construction of improvements shall be dependent upon Developer (together with any other advancing Participating Developers and/or the Development Group) entering into a fee credit and reimbursement agreement with the County to document its credit and reimbursement rights consistent with the applicable Fee programs.
This Agreement is made and entered into for the sole protection and benefit of Developer, Participating Developers and County and their successors and assigns.