Common use of Compliance Reviews Clause in Contracts

Compliance Reviews. As long as Owner owns any of the Property, Owner or their designees, shall meet with the City, or its designee, at least once, per year, during the Term to review Development completed by Owner in the prior year and the Development anticipated to be commenced or completed by Owner in the ensuing year. The Owner, or its designee, shall provide such information as may reasonably be requested, to include but not be limited to, acreage of the Property sold in the prior year, acreage of the Property under contract, the number of certificates of occupancy issued in the prior year, and the number anticipated to be issued in the ensuing year, Development Rights transferred in the prior year, and anticipated to be transferred in the ensuing year. The Owner shall provide to the City an estimate of the upcoming year’s development schedule as provided in Exhibit D to the City during each compliance review meeting The Owner, or its designee, shall be required to compile this information within a reasonable time after written request by the City.

Compliance Reviews. As long as Owner owns any of the Property, Owner or their designeesits designee, shall meet with the City, or its designee, at least once, per year, during the Term to review Development completed by Owner in the prior year and the Development anticipated to be commenced or completed by Owner in the ensuing year. The Owner, or its designee, shall provide such information as may reasonably be requested, to include but not be limited to, acreage of the Property sold in the prior year, acreage of the Property under contract, the number of certificates of occupancy issued in the prior year, year and the number anticipated to be issued in the ensuing year, Development Rights transferred in the prior year, and anticipated to be transferred in the ensuing year. The Owner shall provide to the City an estimate of the upcoming year’s development schedule as provided in Exhibit D to the City during each compliance review meeting The Owner, or its designee, shall be required to compile this information within a reasonable time after written request by the CityCity on such forms as may be approved by the City from time to time.