Phase II Improvements. The Parties shall cooperate to obtain the necessary financing for the Phase II improvements from any available source, public and private. HARP shall be the primary responsible Party for design of the following Eligible Improvements on Exhibits E, G and H to Resolution No. 1: Gateway Center/
Phase II Improvements. Activity Cost Narrative of Project Scope Estimated Completion Date
Phase II Improvements. (a) The City, at its sole cost and expense shall construct or contract for the installation of those certain Phase II Streets in accordance with the plans attached hereto as Exhibit “B”, those certain Utilities in accordance with the plans and specifications attached hereto as Exhibit "C", along with associated Lighting, all such construction or installation to be completed by December 1, 2005. The payment for the improvements called for in this paragraph shall not exceed the funds remaining from Phase I Improvements plus $1,200,000.
(b) CRESCENT, at its sole cost and expense shall construct or contract for the installation of a gas line (the “Gas Line”) and the Other Improvements to the COLLEGE Property in accordance with the list attached hereto as Exhibit "D", such construction or installation to be completed by December 1, 2005. CRESCENT shall install the Gas Line in accordance with the plans and specifications as required by Oncor Gas. The payment for the installation of the Gas Line and the Other Improvements called for in this paragraph shall be $194,365.
(c) CRESCENT, at its sole cost and expense shall construct or contract for the installation of certain additional Other Improvements to the COLLEGE property in accordance with the list attached hereto as Exhibit “E”, such construction or installation to be completed within two (2) years of the Effective Date of this Second Amendment. The payment for the installation of the additional Other Improvements called for in this paragraph shall be $305,835.
(d) CRESCENT, at its sole cost and expense shall secure any and all permits required to construct and install the Gas Line and Other Improvements called for in paragraph 6(b) and (c) above.
(e) Within ten (10) business days of the execution hereof, CRESCENT shall provide a commercially acceptable guaranty (“Guaranty”) in the form of either a letter of credit or performance bond to secure the payment of $500,000 or the installation of at least $500,000 worth of improvements to include the Gas Line and Other Improvements in paragraph 6(b) and (c) above. Prior to the release of the Guaranty by City, CRESCENT shall provide a notarized affidavit stating that all bills for labor and materials incurred have been paid in full and that any existing claims from manufacturers, materialmen, and subcontractors have been released.
(f) CRESCENT shall provide to City a complete itemized sworn statement of the construction account for the Gas Line and Other Improvements...
Phase II Improvements. A. The Redeveloper shall construct on the Project Site within the time limits set forth in this Agreement, the Improvements (“Phase II Improvements”) more particularly described in Section 2.2(B) below; together with surface and/or structured parking and circulation space, and appropriate landscaping and pedestrian and vehicular circulation areas, which shall be developed and constructed in accordance with the Conceptual Master Site Plan, the Redevelopment Plan and the Plan Requirements.
B. The Phase II Improvements to be constructed by the Redeveloper on the Project Site are the following:
Phase II Improvements. Construction of the Phase II Improvements on the Project Site shall be commenced by the Redeveloper within one hundred eighty (180) days after all of the above approvals set forth in this Article III have been obtained for the Phase II Improvements (but not sooner than the date that the Public Parking Spaces within the Phase I Improvements are available to the general public as evidenced by a Certificate of Completion) and shall be completed (as evidenced by Certificate(s) of Completion issued by the Agency) within forty eight (48) months after all such approvals have been obtained.
Phase II Improvements. Construction of the Phase II Improvements shall be initiated within sixty (60) months of the Effective Date and shall be completed within twenty-four (24) months of initiation of construction.
Phase II Improvements. The (i) construction of a minimum of 300,000 square foot facility, utilizing a minimum total of 120 acres of the Project Parcel inclusive of the Initial Improvements and Phase II Improvements (and the property serving same within the Project Parcel), and (ii) the purchase and installation of machinery and equipment to be used therein, which together shall total a minimum Capital Investment of $70,000,000.00.
Phase II Improvements. The construction and equipping of an addition to the building currently located on the Theatre Property; as more particularly described in the Construction Contract to be entered into for Phase II. (yy) Plan: Any employee benefit plan which is subject to the provisions of Title IV of ERISA, or subject to the minimum funding standards under Section 412 of the Code, and which is maintained in whole or in part for employees of the Borrower or any of its subsidiaries.
Phase II Improvements. The second phase of the Initial Improvements (“Phase II Improvements”) includes the renovation of additional studios and classroom space and supporting offices, storage areas, cafeteria, gift shop, and related facilities to provide space for the relocation of the for the Sacramento Region Performing Arts Alliance and the California Musical Theater.
Phase II Improvements. Within five (5) years from the issuance of the Certificate of Occupancy for the Phase I Improvements, Developer shall commence Vertical Construction of the Phase II Improvements, at its sole cost and expense, on the remaining portion of the Property, the legal description for which shall be determined upon approval of the Level III Site Plan for Phase I and attached hereto as Exhibit F (“Phase II Parcel”). The “Phase II Improvements”, excluding parking, shall have a minimum square footage of 500,000 total square feet reduced by the amount of the total square footage, excluding parking, of the Phase I Improvements.
