Developer Incentives for Avoiding Schematic ROW Parcels Sample Clauses

Developer Incentives for Avoiding Schematic ROW Parcels. 34 5.7.1 After the Effective Date, Developer will have the opportunity to benefit, 35 in the form of an additional payment from ADOT, from avoidance of parcels that 36 comprise the Schematic ROW, except for such parcels that Developer received credit 37 against the D&C Price as part of the Proposal. References below to “parcel” or “partial 38 parcel” mean those parcels and partial parcels within the boundaries of the Schematic 39 ROW. References to “avoidance,” “avoid” or “avoided” means that the parcel or partial 40 parcel will not be needed or used for the Project or for Temporary Construction 41 Easements.
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Developer Incentives for Avoiding Schematic ROW Parcels. 2 5.7.1 After the Effective Date, Developer will have the opportunity to benefit, 3 in the form of an additional payment from ADOT, from avoidance of parcels that 4 comprise the Schematic ROW, except for such parcels that Developer received credit 5 against the D&C Price as part of the Proposal. References below to “parcel” or “partial 6 parcel” mean those parcels and partial parcels within the boundaries of the Schematic
Sample 1
Developer Incentives for Avoiding Schematic ROW Parcels. 5.7.1 After the Effective Date, Developer will have the opportunity to benefit, 5.7.2 To obtain this benefit, Developer must submit to ADOT: (b) A map depicting each parcel or partial parcel to be avoided in A calculation, for each such parcel or partial parcel, of the approximate avoided square footage; (c) A calculation of the net cost savings respecting such parcel or partial parcel (taking into account severance damages (including cost-to-cure damages), if any), together with supporting documentation justifying the calculation. For the acquisition price savings, the market value shown in the Acquisition/Relocation Status Report, as updated on the Effective Date, shall be used, without regard to subsequent appraisals or changes in market conditions. (d) Design Documents showing the design features that will enable avoidance in whole or in part of the parcel or partial parcel. 5.7.3 Within ten Business Days after it receives such a Submittal, ADOT will (a) The design does not represent a credible means to actually avoid the parcel or partial parcel; or (b) The proposal is to avoid only a portion, rather than the entirety, of a single family residential parcel. 5.7.4 ADOT will calculate the cost savings, if any, using ADOT’s standard 5.7.4.1 If ADOT has not already acquired the parcel or partial (a) The savings in ADOT’s acquisition costs for the avoided parcel or partial parcel, which shall equal ADOT’s estimated value per square foot set forth in the Acquisition/Relocation Status Report in Attachment 470-3 to the Technical Provisions, as of the Effective Date, without regard to subsequent appraisals or changes in market conditions; plus (b) ADOT's estimate of avoided severance damages (including cost-to-cure damages), if any; minus (c) ADOT’s estimate of the increased severance damages (including cost-to-cure damages), if any, caused by the proposed ROW avoidance; plus demolition costs. (e) ADOT's estimate of avoided relocation costs (if any); plus Only for Retained Parcels, ADOT's estimate of avoided 5.7.4.2 If ADOT has already acquired the parcel or partial parcel, if 5.7.4.3 All amounts will be estimated without including contingency. 5.7.5 ADOT will review and assess the calculation of the Developer’s cost 5.7.6 If such a Submittal is approved by ADOT, Developer will be entitled to (a) For avoided Retained Parcels, (i) 70% of the ADOT-approved savings in acquisition costs; plus (ii) 50% of the ADOT-approved avoided severance damages (including cost-...
Sample 1
Developer Incentives for Avoiding Schematic ROW Parcels. 2 5.7.1 After the Effective Date, Developer will have the opportunity to benefit, 3 in the form of an additional payment from ADOT, from avoidance of parcels that comprise 4 the Schematic ROW, except for (a) such parcels that Developer received credit against 5 the D&C Price as part of the Proposal, and (b) any parcels avoided as a result of the 6 alternative design concepts and ROW plans associated with the alternative design 7 concepts set forth in Exhibit 2-1. References below to “parcel” or “partial parcel” mean 8 those parcels and partial parcels within the boundaries of the Schematic ROW.
Sample 1
Developer Incentives for Avoiding Schematic ROW Parcels. 23 5.7.1 After the Effective Date, Developer will have the opportunity to benefit, 24 in the form of an additional payment from ADOT, from the avoidance of parcels that 25 comprise the Schematic ROW. References below to “parcel” or “partial parcel” mean 26 those parcels and partial parcels within the boundaries of the Schematic ROW. 27 References to “avoidance”, “avoid” or “avoided” means that the parcel or partial parcel 28 will not be needed or used for the Project or for Temporary Construction Easements. 29 5.7.2 To obtain this benefit, Developer must submit to ADOT: 31 whole or in part; (b) A map depicting each parcel or partial parcel to be avoided in A calculation, for each such parcel or partial parcel, of the 33 approximate avoided square footage; (c) A calculation of the net cost savings respecting such parcel or 35 partial parcel (taking into account severance damages, if any), together with supporting 36 documentation justifying the calculation. For the acquisition price savings, the market 37 value shown in the Acquisition/Relocation Status Report, as updated on the Effective 38 Date, shall be used, without regard to subsequent appraisals or changes in market 39 conditions. 1 (d) Design Documents showing the design features that will enable 2 avoidance in whole or in part of the parcel or partial parcel. 3 5.7.3 Within ten Business Days after it receives such a Submittal, ADOT will 4 inform Developer in writing, for each parcel or partial parcel, whether the Submittal is 5 approved. ADOT may reject the Submittal and make no such payment if ADOT 6 determines, in its sole discretion, that: (a) The design does not represent a credible means to actually 8 avoid the parcel or partial parcel; or
Sample 1

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