Common use of Distribution of Cost Clause in Contracts

Distribution of Cost. a) Interior Streets - The developer shall bear the full cost of installing street lights and appurtenances on interior streets. b) Perimeter Streets - 1) The developer shall bear the full cost of installing street lights along all perimeter streets except when the street is a thoroughfare. As street lights are required for each direction of traffic on thoroughfare streets, the developer shall only bear the cost of installing street lights for the direction of traffic adjacent to the developingproperty. c) The developer shall pay for the electricity until building permits have been issued for 50% of the lots within that phase of development or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the developer to notice the City after 50% of the lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing fee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.00).

Distribution of Cost. a) Interior Streets - The developer shall bear the full cost of installing street lights and appurtenances on interior streets. b) Perimeter Streets - 1) The developer shall bear the full cost of installing ofinstalling street lights along all perimeter streets except when the street is a thoroughfare. As street lights are required for each direction of traffic oftraffic on thoroughfare streets, the developer shall only bear the cost of installing street lights for the direction of traffic oftraffic adjacent to the developingpropertydeveloping property. c) The developer shall pay for the electricity until building permits have been issued for 50% of the ofthe lots within that phase of development ofdevelopment or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the ofthe developer to notice the City after 50% of the ofthe lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing fee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.0025 .00).

Distribution of Cost. a) Interior Streets - The developer shall bear the full cost of installing street lights and appurtenances on interior streets. b) Perimeter Streets - 1) The developer shall bear the full cost of installing street lights along all perimeter streets except when the street is a thoroughfare. As street lights are required for each direction of traffic on thoroughfare streets, the developer shall only bear the cost of installing street lights for the direction of traffic adjacent to the developingpropertydeveloping property. c) The developer shall pay for the electricity until building permits buildingpermits have been issued for 50% of the lots within that phase of development or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the developer to notice the City after 50% of the lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing fee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.00).

Distribution of Cost. a) Interior Streets - The developer shall bear the full cost of installing street lights and appurtenances on interior streets. b) Perimeter Streets -- Revised August 2020 1) The developer shall bear the full cost of installing street lights along all perimeter streets except when the street is a thoroughfare. As street lights are required for each direction of traffic on thoroughfare streets, the developer shall only bear the cost of installing ofinstalling street lights for the direction of traffic adjacent to the developingpropertydeveloping property. c) The developer shall pay for the electricity until building permits have been issued for 50% of the lots within that phase of development ofdevelopment or for two (2) years from the date of installation, after which the City shall pay for the electricity. It shall be the responsibility of the ofthe developer to notice the City after 50% of the ofthe lots for each phase has been permitted. d) The developer shall pay a construction inspection and materials testing fee established pursuant to the City of Granbury Fee Schedule, as amended. The construction inspection and materials testing fee shall be submitted as a cash deposit together with the signed Facilities Improvement Agreement (FIA) to the Director of Community Development. This amount may be adjusted by the developer or the City, upon written request, to conform to the actual construction cost upon completion and acceptance of the street improvements, provided the difference is greater than twenty-five dollars ($25.00).