Development Budget and Schedule. Section 5.14
Development Budget and Schedule. A construction budget and schedule that sets forth (a) a preliminary budget for the construction and development of the Town Green Buildings and completion of the Town Green Mixed Use Project, including, but not limited to all design, construction, fees, hard costs, and other soft costs; (b) a pro forma detailing projections of total development costs (i.e., built costs, price per square foot, site costs, soft costs, developer fees, financing costs and any other costs associated with the development of the project) and for anticipated sales price, net proceeds, and any funding; and, (c) schedule of construction and substantial completion (the “Development Budget”). The DDA and Developer shall agree to the Development Budget prior to execution of the Development Contract.
