Community Facilities Subsidy Sample Clauses

Community Facilities Subsidy. (a) As part of each Major Phase Application and Approval, the Developer and the Authority shall meet and confer to determine which Community Facility Obligations (as set forth in Exhibit F) will be met within that Major Phase and related Sub-Phases with the final determination to be made by the Authority as part of the Major Phase Approval. The Authority and the Developer will meet and confer to discuss whether the physical space for the applicable community facility will be developed by Developer in connection with its development of an identified Sub-Phase or if Developer will pay a subsidy to the Authority for the Authority to provide such space within the identified Sub-Phase (in either case, the “Community Facilities Subsidy”), with the final determination to be made by the Authority as part of the Major Phase Approval.
Sample 1
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Related to Community Facilities Subsidy

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