Developer Undertakings. During the term of this Agreement the Developer shall use commercially reasonable efforts to do the following:
Developer Undertakings. Developer hereby agrees, and shall cause the Development Group to agree, to undertake the following in connection with the Development Group’s use of the Town Roads:
Developer Undertakings. The Developer hereby agrees, and shall cause the Developer’s Parties to agree, to undertake the following in connection with the development of the Project:
Developer Undertakings. The Developer shall diligently and professionally pursue the Development on the Property, including obtaining all necessary federal, state, and local permits required for this Development and complying therewith. The terms of this Agreement shall be incorporated into any Special Permit for the Development. All costs associated with obtaining necessary approvals are the responsibility of the Developer, including but not limited to, professional assistance utilized to prepare materials on behalf of the Developer as well as professional review by consultants acting on behalf of the Town.
Developer Undertakings. During the term of this Agreement, the Developer will do the following:
Developer Undertakings. 10.1 From the Effective Date and throughout the Term:
Developer Undertakings. During the term of this Agreement Xxxxxxx Associates shall do the following: • Continue to refine the design of and site and building plans for, undertake preliminary engineering, soil testing/borings and geotechnical analysis for and seek land use approvals for the Proposed Development consistent with the densities (if allowed in the City’s proposed Unified Development Code or as otherwise approved by City Council) shown in the submitted Xxxxxxx Associates RFP dated November 17, 2021 with ample project amenities in both the high rise and low rise, including at a minimum: fitness rooms, bike storage, outdoor amenity space, club rooms, and river access and meeting DMC Sustainability requirements and the DMC District Design Guidelines. • Conduct a robust, developer lead, public engagement process on how to maximize the riverfront experience not only for the residents of the development but also for the community members that allows for the area becoming a “public” place along the river. • Explore the feasibility providing ten percent of the units in the high-rise building to individuals with incomes at 80% AMI or below, provided that Xxxxxxx Associates can determine that there is sufficient funding to fill the economic gap created by the affordable units for the property. Rents for these units will be certified annually and income-testing will be at initial lease signing. • Negotiate with the City regarding a provision in the Definitive Contract which provides that Xxxxxxx Associates will be responsible for providing a 30-year term for the housing unit affordability in the low-rise building and will be responsible for providing annual certification of such to the City and sets forth the number and unit mix of the units in the low-rise affordable housing building mutually acceptable to the City and Xxxxxxx Associates. The Definitive Contract will provide that rents for all units will be certified annually and income testing will be certified annually. • Explore the possibility of connecting the low-rise building to the parking structure. • Identify the sources of private financing and public financial assistance that may be made available to Xxxxxxx Associates in connection with the Proposed Development such as commercial loans, equity investment, tax increment financing, and state, local and federal grants. If any such public financial assistance is actually provided in connection with the Proposed Development, the amount, to be determined consistent with th...
Developer Undertakings
