District Energy Corporation Sample Clauses

District Energy Corporation. The City, at its sole election, may request the West Haymarket Joint Public Agency (“JPA”) and the District Energy Corporation (“DEC”) to design and construct extended heating and cooling piping and related improvements (“DEC Improvements”) as a Block 52 Improvements within the Project Area and to serve the Xxxxxxx Paper Building at the City’s sole expense. The DEC Improvements will enable the Redeveloper to make a service tap connection and receive energy services from JPA and DEC to the Xxxxxxx Paper Building. In the event the City elects to fund the DEC Improvements, then the City shall provide to the Redeveloper a copy of the JPA Energy Services Agreement on or before December 31, 2014 and the Redeveloper will use its best efforts to review, finalize and execute the JPA Energy Service Agreement on or before January 31, 2015; provided that, the projected future energy and maintenance costs do not materially cost more than traditional energy systems for the Xxxxxxx Paper Building. In the event the JPA and Redeveloper successfully execute a JPA Energy Service Agreement, then the City, at its expense, will cause said DEC Improvements to be substantially complete on or before August 1, 2015.
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