Finalization of New Village Hall Cost Sample Clauses

Finalization of New Village Hall Cost. If at the time Owner is ready to sign a construction contract with a general contractor (“NVH Contractor”) for New Village Hall and the NVH Garage (“NVH Construction Contract”), the actual cost of New Village Hall is higher than the Owner’s NVH Cost, Owner will cause the NVH Contractor to propose value engineering alternatives to lower the cost of New Village Hall to the Owner’s NVH Cost. If the Village Manager does not wish to accept the value engineering alternatives proposed by the NVH Contractor, the Village Manager will have a period of 60 days after receipt of the value engineering alternatives to schedule a Village Council meeting for adoption of a resolution whereby the Village either agrees to pay the excess cost of New Village Hall or authorizes changes to the New Village Hall construction plans to reduce the cost of New Village Hall to Owner’s NVH Cost.
Sample 1
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