Conditions and Obligations for Construction of Phase I of the Project Sample Clauses

Conditions and Obligations for Construction of Phase I of the Project. Not all Phase I Project costs are eligible to be paid from the proceeds of the 2007 Bonds. The Phase I Project components eligible to be financed from the proceeds of the Series 2007 Bonds and the estimated costs thereof are shown on Exhibit C hereto, and are referred to as the Tax Increment Financed Improvements or Eligible Project Costs. The total costs of the Phase I work and the source of funds available for payment of those costs are shown on Exhibit D. The Hospital has the obligation under the Safeway/Hospital Exchange Agreement to complete all Phase I Improvements other than the City Shop’s Site Remediation. The City and the Hospital have agreed to share the costs of the City Shop’s Site Remediation as set forth in Section 3.4 of this Agreement. Consequently, the City and the MRA have determined that it is in the best interest of the Project as to timing, coordination, and cost efficiencies if all Phase I Improvements are designed and constructed by the Hospital rather than the MRA entering into separate engineering and construction agreements for the Tax Increment Financed Improvements and the City Shop’s Site Remediation. The Hospital understands that the City and MRA are obligated to follow certain laws with respect to the expenditure of public funds which includes the proceeds of the Series 2007 bonds. In furtherance of those requirements, the Hospital agrees that in the awarding of contracts or subcontracts for the Tax Increment Financed Improvements and the City Shop’s Site Remediation that: (i) it will assure its contractor competitively bids the subcontracts for each of those components and (ii) it will assure that its contractor and subcontractors pay the Montana Prevailing Wage on such contracts or subcontracts related to Tax Increment Financed Improvements and the City Shop’s Site, and will provide to the MRA all documentation requested to verify the Hospital’s and its contractor’s compliance with the foregoing requirements. The Hospital acknowledges that a violation of this requirement shall result in the proceeds of the Bonds not being available to pay or reimburse the Hospital for Phase I costs. The City acknowledges that in the event the Hospital does not complete Phase I, Safeway may complete the work with Safeway’s contractors, and unless Safeway seeks reimbursement of the costs associated with such work from the City it shall not be subject to Prevailing Wage, competitive bidding, or any similar requirements, nor shall Safeway be l...
Sample 1
AutoNDA by SimpleDocs

Related to Conditions and Obligations for Construction of Phase I of the Project

  • RESPONSIBILITY FOR CONSTRUCTION COST 5.2.1 Evaluations of the Owner's Project budget, preliminary estimates of Construction Cost and detailed estimates of Construction Cost prepared by the Design Professional represent the Design Professional's best judgment as a design professional familiar with the construction industry. It is recognized, however, that neither the Design Professional nor the Owner has control over the cost of labor, materials or equipment, over the Contractor's methods of determining bid prices, or over competitive bidding or market conditions. Accordingly, the Design Professional cannot and does not warrant or represent that bids or cost proposals will not vary from the Owner's Project budget or from any estimate of Construction Cost or evaluation prepared or agreed to by the Design Professional.

  • BUILDER’S RISK FOR CONSTRUCTION RENOVATION PROJECTS If the project is CONSTRUCTION RENOVATION of an existing structure, and the State has already determined that Contractor will not be obligated to obtain and maintain Builder’s Risk insurance, then the following provisions apply:

  • General Construction Obligations (a) Without limiting Section 10.3:

  • Commencement and Completion of Construction The Company shall begin Construction Activities no later than January 1, 2014 (“Commencement Date”) and secure a final Certificate of Compliance by June 30, 2015 (hereinafter, “Completion Date”).

  • Construction Phase - Administration of the Construction Contract 1.6.1 The Construction Phase shall commence with the acceptance of the Construction Manager’s Guaranteed Maximum Price (or acceptance of a partial Guaranteed Maximum Price for a stage or phase) and issuance of a Notice to Proceed with Construction Services and terminate sixty (60) days after Final Payment to the Contractor is made, or when all of Architect/Engineer’s services have been satisfactorily performed, whichever occurs later.

  • BUILDER’S RISK FOR NEW CONSTRUCTION PROJECTS If the project is NEW CONSTRUCTION, then the following provisions apply:

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project

  • COMPENSATION FOR CONSTRUCTION PHASE SERVICES 5.1 For the Construction Manager’s performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of the Work as defined in Section 6.1.1 plus the Construction Manager’s Fee.

  • Early Construction of Base Case Facilities Developer may request Connecting Transmission Owner to construct, and Connecting Transmission Owner shall construct, subject to a binding cost allocation agreement reached in accordance with Attachment S to the ISO OATT, including Section 25.8.7 thereof, using Reasonable Efforts to accommodate Developer’s In-Service Date, all or any portion of any System Upgrade Facilities or System Deliverability Upgrades required for Developer to be interconnected to the New York State Transmission System which are included in the Base Case of the Class Year Study for the Developer, and which also are required to be constructed for another Developer, but where such construction is not scheduled to be completed in time to achieve Developer’s In-Service Date.

  • Design and Construction In complying with the requirements of the specification both with respect to arrangement and detail, design is to conform to the best current engineering practice. Each of the several parts of the material is to be of the maker’s standard design provided that this design is in general accordance with the specification. The essence of design should be simplicity and reliability in order to give long continuous service with high economy and low maintenance cost. Particular attention should be paid to internal and external access in order to facilitate inspection, cleaning and maintenance. The design dimensions and materials of all parts are to be such that they will not suffer damage as a result of stresses under the most severe conditions. Fully detailed specifications of the several parts of the material are to be submitted describing particularly the materials to be used. The materials used in the construction of the material are to be of the highest quality and selected particularly to meet the duties required of them. Mechanisms are to be constructed to avoid sticking due to rust or corrosion. Workmanship and general finish are to be of the highest class throughout. All similar parts of the material are to be interchangeable. All equipment is to operate without undue vibration and with the least possible amount of noise and is not to cause a nuisance. All equipment is to be designed to minimize the risk of fire and any damage, which may be caused in the event of fire. The equipment is also to be designed to prevent ingress of all vermin, accidental contact with live parts and to minimize the ingress of dust and dirt. The use of materials, which may be liable to attack by termites or other insects, is to be avoided.

Time is Money Join Law Insider Premium to draft better contracts faster.