MAJOR THOROUGHFARE AND/OR TRUNK EXTENSION Sample Clauses

MAJOR THOROUGHFARE AND/OR TRUNK EXTENSION. .1 Where, in the Engineer’s opinion, the Development necessitates extension of a Major Thoroughfare and/or Trunk Sanitary/Sewer/Water through the Development, the following shall apply: .1 Where the Development is next in line, following a logical extension of services as determined by the Engineer, and subject to Council approval: .1 The City will reimburse the Developer from the applicable Off-site Levy fund for construction of those Major Thoroughfare and/or Trunk Extension in accordance with the costs set out under Detailed City Cost Calculations in Appendix A – Part Five; and .2 The City will pay to the Developer, on execution of this Agreement, 50% of the estimated “City of Red Deer Costs” listed under Appendix A - Part One for Major Thoroughfare and/or Trunk Extensions. The final payment will be based on the actual cost of construction, plus a 10% engineering fee, less the amount paid on signing of this Agreement. Final payment will be made upon issuance by The City of the applicable Construction Completion Certificate and receipt of a copy of the final progress payment. .2 Where the Development is not next in line, as determined by the Engineer, reimbursement to the Developer of extension costs for those Major Thoroughfare and/or Trunk Extensions as set out under Future Cost Recoveries in Appendix A - Part Five, may be delayed until the infill development proceeds to a point where the Development becomes next in line, as determined by the Engineer.
Sample 1
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