000X Xxxxxx Xxxxxx (Crane Lane Sample Clauses

000X Xxxxxx Xxxxxx (Crane Lane. The Proposed Development contemplates incorporating 178A Xxxxxx Street (Crane Lane) into the development site. The market value of Crane Lane may be offset against the ‘at cost’ value of constructing the ‘Community Building’ for the component at the plaza level and above (excludes any offset against the construction of area to be retained by LL at lane level retail or any other area below the plaza). The building (excluding the Café) is to be constructed with agreed fit out, subdivided and dedicated in stratum by LL to Council. The Café warm shell, with base building provisions to the City's reasonable specification is to be constructed, subdivided and dedicated in stratum by LL to Council. The Café warm shell will be at no cost to Council and will include façade (but will exclude floor, internal wall and ceiling finishes). XX agrees to carry out the ‘Community Building’ works component on behalf of the City, to the City’s reasonable specification including fit out) at cost (including reasonable sub- contractor margin, reasonable design fees and reasonable contingency allowance), without benefiting or charging for project management, development overhead or profit margin. If the reasonable and documented cost of construction and fit out of the ‘Community Building’ at the edge of the plaza for the component from plaza level and above is less than the agreed market value of Crane Lane, LL will pay to Council a monetary contribution equal to the balance. If the cost of construction and fitout of the ‘Community Building’ exceeds the market value of Crane Lane, then the additional cost will be met by LL. This forms a key step in enabling LL to maximise the material public benefits associated with the Proposed Development.
Sample 1
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Related to 000X Xxxxxx Xxxxxx (Crane Lane

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