Common use of Funding for Community Infrastructure Improvements Clause in Contracts

Funding for Community Infrastructure Improvements. prior to issuance of first building permit OWNER shall pay to CITY the sum of one million dollars ($1,000,000.00) to be used, in the City’s sole and absolute discretion, to be used toward City-wide roadway and trail improvements (e.g. Xxxxx Avenue improvements and Citywide bike trail improvements);