Common use of Economic Development Priorities Clause in Contracts

Economic Development Priorities. The immediate priority of the District is to determine the appropriate infrastructure necessary to support development within the District. In November 2021, the District contracted The Kleingers Group, a civil engineering, survey, and landscape architecture firm headquartered in West Xxxxxxx, Ohio, to develop a master plan for the XXXX area and other development sites near the District, depicted in Schedule A of this Economic Development Plan (the “Master Plan”). The Master Plan contemplates multiple scenarios where the District could proceed with developing the XXXX area by first starting with a single parcel within the XXXX area before proceeding to develop other parcels. The Master Plan identifies the infrastructure that would be necessary to serve each site, while also priming the rest of the XXXX area for optimal development. The District acknowledges that the Master Plan depicts options for development within the District, and that the District may pursue other opportunities that would enhance economic endeavors and bring new jobs to the District as they may arise, provided that such other opportunities shall be generally consistent with the nature and type of capital improvements described herein.