Improvement Cost. (a) ***** Such allowance is intended to be applied towards (i) all costs associated in with completing Lessor’s Improvements to the Premises (as preliminarily described in Exhibit “C”) and (ii) the cost of all necessary, construction, permit, impact and certificate of occupancy fees. Both parties acknowledge that the final cost to complete the above will significantly exceed this allowance and may change as final plans and specifications are developed and priced. (The final agreed to price for Lessor’s Improvements is hereinafter referred to as the “Final Improvement Cost”). No fees or reimbursements will be charged for Lessor’s reviews, approvals or participation in the design and construction process.
Improvement Cost. Section 19(f) of the Second Amendment is hereby amended by deleting the words: ", minus (v) any additional credits, overcharges, corrections, changes or other cost reduction matters disclosed by the Audit related to the Phase 2 Change Order."
Improvement Cost. Interest to accrue from the award of contract or, if installed by city forces, from the date of commencement to the date the permittee is required to reimburse the city. However, the interest shall be waived if the abutting property owner dedicates or has dedicated to the city the required land for improvements. Such notice of improvement obligation or repayment agreement shall constitute constructive notice of the obligation imposed by this chapter, but the failure to execute and record such notice or agreement shall not relieve any permittee or property owner or future property owner of the obligation. The Development Services Director or Public Works Director is authorized to execute and record a notice of satisfaction of improvement obligation when the obligation created by Section 11.20.070 of this chapter has been satisfied.
