Common use of Infrastructure Improvements Clause in Contracts

Infrastructure Improvements. Following the Rent Commencement Date, Tenant agrees to (i) construct (or further improve, as applicable) on a portion of the Premises and Landlord’s Additional Property and dedicate those certain roadways depicted on Exhibit F attached hereto and made a part hereof, as may be required by the applicable governmental authorities (collectively, the “Roadways”) and (ii) construct and install, to the extent necessary, on and under the Premises and Landlord’s Additional Property, the utilities necessary for the Tenant’s intended development of the Premises, including sanitary sewer and storm sewer (together with the Roadways, the “Infrastructure Improvements). Tenant and Landlord estimate the reasonable cost (i) to construct (or with regard to Roadway “D,” install frontage improvements) and dedicate the Roadway labeled “A” on Exhibit F to be $280,000, the Roadway labeled “B” on Exhibit F to be $385,000, the Roadway labeled “C” on Exhibit F to be $360,000 and the Roadway labeled “D” on Exhibit F to be $100,000 and (ii) to construct the Infrastructure Improvements to be $125,000. Landlord agrees to grant to Tenant on or prior to the Rent Commencement Date a temporary construction easement over a portion of Landlord’s Additional Property for the construction of the Infrastructure Improvements and an access easement over any portion of the Roadways until such time as said Roadways have been dedicated for public use. Such easement agreement shall be recorded on or prior to the Rent Commencement Date in the real property records of the county in which Landlord’s Additional Property is located. The form of said easement agreement and the location of said easement areas shall be reasonably agreed upon by Landlord and Tenant during the Inspection Period.

Infrastructure Improvements. Following Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Rent Commencement DateOakwood Neighborhood, Tenant agrees to (i) construct (or further improveelectric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, sidewalks, street lighting, landscaping, and a traffic signal, as applicable) approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 4, a portion of Evergreen Avenue right of way, a portion of Xxxxxx Avenue right of way, a portion of Abbot Road right of way, and a portion of the Premises and Landlord’s Additional DDA Property and dedicate those certain roadways depicted as shown on Exhibit F attached hereto and made a part hereof, as may be required by the applicable governmental authorities (collectively, approved Site Plan. The portion of the “Roadways”) and (ii) construct and install, to the extent necessary, on and under the Premises and Landlord’s Additional Property, the utilities DDA 000 Xxxxx Xxxx Property necessary for the Tenant’s intended development realignment of Xxxxxx Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the Premises, including sanitary sewer and storm sewer (together DDA to the City in accordance with the Roadwaysterms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer, at its option, may lease from the “Infrastructure Improvements). Tenant and Landlord estimate DDA available commercial space in the reasonable cost (i) to construct (building at 000 Xxxxxxxxx Xxxxxx for use as construction or with regard to Roadway “D,” install frontage improvements) and dedicate the Roadway labeled “A” on Exhibit F to be $280,000, the Roadway labeled “B” on Exhibit F to be $385,000, the Roadway labeled “C” on Exhibit F to be $360,000 and the Roadway labeled “D” on Exhibit F to be $100,000 and (ii) to construct the Infrastructure Improvements to be $125,000. Landlord agrees to grant to Tenant on or prior to the Rent Commencement Date a temporary construction easement over a portion of Landlord’s Additional Property for the leasing offices during construction of the Infrastructure Improvements and an access easement over any portion of the Roadways until such time Project at normal rental rates or as said Roadways have been dedicated for public use. Such easement agreement shall be recorded on or prior to the Rent Commencement Date in the real property records of the county in which Landlord’s Additional Property is located. The form of said easement agreement and the location of said easement areas shall be reasonably otherwise agreed upon by Landlord the Developer and Tenant during the Inspection PeriodDDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed by the Developer and financed by the Developer and the City in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards, and reimbursed as set forth in subsection 5 and Section II, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines.

Infrastructure Improvements. Following Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Rent Commencement DateOakwood Neighborhood, Tenant agrees to (i) construct (or further improveelectric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, sidewalks, street lighting, landscaping, and a traffic signal, as applicable) approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 4, a portion of Evergreen Avenue right of way, a portion of Xxxxxx Avenue right of way, a portion of Abbot Road right of way, and a portion of the Premises and Landlord’s Additional DDA Property and dedicate those certain roadways depicted as shown on Exhibit F attached hereto and made a part hereof, as may be required by the applicable governmental authorities (collectively, approved Site Plan. The portion of the “Roadways”) and (ii) construct and install, to the extent necessary, on and under the Premises and Landlord’s Additional Property, the utilities DDA 000 Xxxxx Xxxx Property necessary for the Tenant’s intended development realignment of Xxxxxx Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the Premises, including sanitary sewer and storm sewer (together DDA to the City in accordance with the Roadwaysterms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer, at its option, may lease from the “Infrastructure Improvements). Tenant and Landlord estimate DDA available commercial space in the reasonable cost (i) to construct (building at 000 Xxxxxxxxx Xxxxxx, if available at the time, for use as construction or with regard to Roadway “D,” install frontage improvements) and dedicate the Roadway labeled “A” on Exhibit F to be $280,000, the Roadway labeled “B” on Exhibit F to be $385,000, the Roadway labeled “C” on Exhibit F to be $360,000 and the Roadway labeled “D” on Exhibit F to be $100,000 and (ii) to construct the Infrastructure Improvements to be $125,000. Landlord agrees to grant to Tenant on or prior to the Rent Commencement Date a temporary construction easement over a portion of Landlord’s Additional Property for the leasing offices during construction of the Infrastructure Improvements and an access easement over any portion of the Roadways until such time Project at normal rental rates or as said Roadways have been dedicated for public use. Such easement agreement shall be recorded on or prior to the Rent Commencement Date in the real property records of the county in which Landlord’s Additional Property is located. The form of said easement agreement and the location of said easement areas shall be reasonably otherwise agreed upon by Landlord the Developer and Tenant during the Inspection PeriodDDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed by the Developer and financed by the Developer and the City in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards, and. The financing shall be reimbursed as set forth in subsection 5 and Section II, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines.