Development Incentives. In consideration for Developer fulfilling the Development Commitments described in Article IV hereof, Town shall provide the following economic development incentives provided for in this Article III (the “Incentives”).
Development Incentives. WORLDTRAVEL and TRX will mutually determine development incentives for each individual Delivery Order. Should TRX meet any of its development incentive criteria as stated in the applicable Delivery Order, TRX shall have the right to add the amount of development incentive to the invoices due and owing to TRX under the respective Delivery Order and WORLDTRAVEL will pay the same.
Development Incentives. City and AVB to work together to create a Xxxxxxxxxx Plan for the project. City will establish Brownfield.
Development Incentives. (a) No franchise fee will be due for this Restaurant.
(b) If the additional Restaurant is open and operating on or before the date set forth in the above Development Schedule, the Development Fee Deposit shall be refunded after the Restaurant is opened. If the additional Restaurant is not open and operating on or before the date set forth in the Development Schedule, we will retain the Development Fee Deposit and will have no obligation to refund or otherwise credit to the account or benefit of Developer such portion of the Development Fee.
(c) If the additional Restaurant is open and operating on or before the date set forth in the above Development Schedule, we will provide to you or cause our Affiliate to provide to you the incentives offered in the Development Agreement.
Development Incentives. 26.1. Tenant is seeking certain City, State and/or Federal economic and/or tax incentives. Landlord shall reasonable cooperate and assist Tenant in such applications as appropriate, but shall not be required to incur any costs or expenses in connection therewith.
Development Incentives. 4.1. Real Property Tax Abatement; Payments in Lieu of Taxes 18 4.2. Sales Tax Exemption on Construction Materials. 21 4.3. Community Improvement District 22 4.4. Transportation Development District 22
Development Incentives. A. The Developer shall have the right to connect the Master Development to the Spray Field for purposes of using up to, but not exceeding, the Reserved Capacity. The County hereby agrees to reserve the Reserved Capacity for the Developer for use and sub- allocation within the Master Development. The County shall have the right to use all capacity of the Spray Field, other than the Reserved Capacity, for its own purposes.
B. The County hereby agrees to provide the Developer with credits against the Developer’s reuse water capacity capital recovery fee and any sanitary sewer or other fees or charges that would otherwise be due and payable to the County with respect to the future development of the Master Development or portions thereof (the “Water Reuse Credits”), on a dollar-for-dollar basis in an amount equal to the Reimbursement Contribution. The Water Reuse Credits shall be irrevocably vested in Lessor as of the date upon which construction of the Spray Field is substantially completed, and shall thereafter be freely assignable by Developer, in its capacity as master developer under the Master Development Agreement, in its sole discretion to third parties who will develop improvements within the Master Development for which the reuse water capacity capital recovery fee would otherwise be due and payable.
C. The provisions of this Section 4 shall survive the expiration or termination of the Lease and this Agreement. Any unused Water Reuse Credits will survive the expiration or earlier termination of the Lease and this Agreement.
Development Incentives. Seller and Xxxxx acknowledge that, due to the size and scale of Buyer’s intended use for the Property, Buyer may be eligible to receive government development incentives including but not limited to ad valorem tax abatement from Polk County, State of Florida grant funds, federal funds, and other similar incentives. The nature and amount of these incentives is a primary motivation of Buyer to proceed with execution of this Agreement and to purchase the target Property. Seller and Buyer acknowledge that the agreements required to secure these incentives will be negotiated and codified under separate agreements with the relevant parties. Seller shall work in good faith with Buyer to maximize any and all incentives available to Buyer. In the event Buyer cannot secure commitments for its desired development incentives before the expiration of the Inspection Period, the Buyer may, before the last day of the Inspection Period, cancel this Agreement by giving written notice thereof to the Seller. Upon such cancellation, Buyer shall have no obligation to make any further deposit, Escrow Agent shall pay the Initial Deposit to Buyer, and neither party shall have any further obligations to the other under this Agreement, except those that expressly survive termination.
Development Incentives. The Authority desires to promote development within the Zone by providing financial assistance for the design, construction, and installation of The Northline PUD Projects that have been approved in the Project Plan.
Development Incentives. The City agrees to the following incentives: Development review and building permit fees shall be waived or reduced proportionately to the number of SFHP Homes and capital impact fees and utility expansion charges shall be waived or reduced as set forth in section 13.1 of the Administrative Procedures. SFHP Developer/Successor in Interest also requests a 15% density bonus as set forth in section 13.2 of the Administrative Procedures.
