Common use of Parking Facility Clause in Contracts

Parking Facility. The Developer shall construct one (1) Parking Facility on the City Land in close proximity to the Hotel. The total number of parking spaces in the Parking Facility shall be 700 spaces unless a different number of spaces is approved in writing by the City. The total cost of the Parking Facility shall not exceed $[17,750,000.00] unless such increased cost is expressly approved by the City in writing. The City shall have the right to approve the Parking Facility Construction Plans.

Parking Facility. The Developer shall construct one (1) Parking Facility on the City Land in close proximity to the Hotel. The total number of parking spaces in the Parking Facility shall not be 700 spaces unless a different number of spaces is approved in writing by the Cityless than 700. The total cost of the Parking Facility shall not exceed $[17,750,000.00] unless such increased cost is expressly approved by the City in writing. The City shall have the right to approve the Parking Facility Construction Plans.

Parking Facility. The Developer shall construct one (1) Parking Facility on the City Land in close proximity to the Hotel. The total number of parking spaces in the Parking Facility shall be 700 spaces unless a different number of spaces is approved in writing by the City. The total cost of the Parking Facility shall not exceed $[17,750,000.00] unless such increased cost is expressly approved by the City in writing. The Parking Facility shall include necessary parking infrastructure (including entrance gates, gate arms, ticket dispensers and parking fee collection equipment and/or attendant booths) to charge for the use of spaces within the Parking Facility. The City shall have the right to approve the Parking Facility Construction Plans, including any necessary parking infrastructure.