Notices of Completion and Final Construction Reports Sample Clauses

Notices of Completion and Final Construction Reports. When Xxxxxxxxx believes that a Level of the Development has occurred, Developer shall provide a written notice to the City (a "Notice of Completion"). A Notice of Completion must be filed with the City on or before the Completion Deadline for the Level of Development covered by the Notice. The purpose of a Notice of Completion is to allow the City (i) to assess whether the Level of Development claimed was achieved; (ii) to assess the extent to which the Fort Worth Construction Commitment and the M/WBE Construction Commitment applicable to such Level were met; and (iii) to establish the amount of the Program Cap under this Agreement. Each Notice of Completion must include a final construction report in a form reasonably acceptable to the Director that specifically outlines the total Construction Costs and Hard Construction Costs expended for improvements constructed as part of such Level, together with supporting invoices and other documents necessary to demonstrate that such amounts were actually paid, including, without limitation, final lien waivers signed by general contractor over the improvements covered in the report, as well as the total Construction Costs and Hard Construction Costs expended for construction of the improvements comprising such Level with Fort Worth Companies and Fort Worth Certified M/WBE Companies, together with supporting invoices and any other documents necessary to demonstrate that such amounts were actually paid to such contractors. If this report includes any Construction Cost expenditures made by a party other than Developer, Developer is responsible for providing all information required by the City in this Section 4.7.1.