Infrastructure Reimbursement. The Project provides for the construction of significant new or upgraded public infrastructure within the Project Site. Developer has provided a cost estimate of approximately one hundred seventy-four million dollars ($174,000,000) for the upgraded public infrastructure, which includes costs for improvements both included and not included in the existing Diridon Station Area Basic Infrastructure Fee pursuant to San Xxxx Municipal Code Chapter 14.35. Developer's cost estimate for public infrastructure improvements includes, among other improvements, enhanced right-of-way improvements, utilities upgrades and relocation, as further detailed in the Infrastructure Plan included as Exhibit I. The Developer and the City have agreed to a range of horizontal improvements to be confirmed as part of a future updated infrastructure plan or Nexus Study.
Infrastructure Reimbursement. 3.10 In consideration of the performance by Xxxxxxxxx and its representations and covenants contained herein, the Town agrees to reimburse the Developer up to DOLLARS ($ ) (the “Infrastructure Reimbursement Payment”) for those costs to furnish and install, as defined herein, the Roundabout Improvements depicted in Exhibit C. For purposes of this Infrastructure Reimbursement Payment, the following procedures will apply:
Infrastructure Reimbursement. (a) Reimbursement of the Infrastructure Reimbursement Amount is subject to the terms and conditions of this Agreement.
Infrastructure Reimbursement. A new Section 12(d) is hereby added to the Development Agreement to read as follows:
Infrastructure Reimbursement. Within thirty (30) days of the Tenant’s receipt of a Disbursement Request (the “Disbursement Review Period”) for the cost of Infrastructure, Tenant shall review such Disbursement Request and disburse Infrastructure Funds in an amount equal to the portion of the Disbursement Request not in dispute. If Tenant disputes any portion of a Disbursement Request, the Tenant’s shall advise Landlord in writing within the Disbursement Review Period. Landlord shall not submit more than one (1) Disbursement Request each calendar month. After disbursement of all Infrastructure Funds, Tenant shall have no further obligation pursuant to this Article XII.
Infrastructure Reimbursement. Developer acknowledges and agrees that, as of Closing, Developer will become obligated to pay the amount of $778,490 (the “Infrastructure Reimbursement”) to SummerHill Winchester, LLC as reimbursement for the construction of public improvements which benefit the Property, as described in the letter dated April 7, 2017 from Berliner Xxxxx LLP, on behalf of SummerHill Winchester, LLC, to the City.
Infrastructure Reimbursement. Upon the expiration of exclusivity pursuant to this Section 20, and in the event thereafter that a third party shall use any of Landlord’s Adjacent Property for gaming operations, then Tenant shall be reimbursed by the operator of a second casino located on the Landlord’s Adjacent Property for such operator’s use of all infrastructure on the Premises described in Section 8 hereof and benefiting the operator. The reimbursement shall be one-half of the original total cost of construction of such infrastructure then still in use.
