Private Financing. The cost of Public Improvements and all other improvement expenses associated with the Project shall be funded by Developer’s own capital or through commercial or private construction loans/lines of credit secured solely by Developer. Developer may use all, any or part of the TIRZ Property as collateral for the construction loan or loans as required for the financing of the Project, however, no property with a lien still attached may be offered to the City for dedication.
Appears in 3 contracts
Samples: Healy Murphy Child Development Center Project Development Agreement, Alamo Inn, Mobile Food Truck Park Project Development Agreement
Private Financing. The cost of Public Improvements Improvements, capital costs and all other improvement expenses associated with the Project shall be funded by Developer’s own capital or through commercial or private construction loans/lines of credit secured solely by Developer. Developer may use all, any or part of the TIRZ Property as collateral for the construction loan or loans loan(s) as required for the financing of the Project, ; however, no property with a lien still attached may be offered to the City for dedication.
Appears in 2 contracts
Samples: Nabors Project Development Agreement, MLK Place Project Development Agreement
Private Financing. The cost of Public Improvements and all other improvement expenses associated with the Project shall be funded by Developer’s own capital or through commercial or private construction loans/lines of credit secured solely by Developer. Developer may use all, any or part of the TIRZ Property as collateral for the construction loan or loans loan(s) as required for the financing of the Project, ; however, no property with a lien still attached may be offered to the City for dedication.
Appears in 2 contracts
Samples: Broadway Jones Apartments Development Agreement, Village at Roosevelt Project Development Agreement
Private Financing. The Subject to Section 5.3 below, the cost of Public Improvements and all other improvement expenses associated with the Project shall be funded by Developer’s own capital or through commercial or private construction loans/lines of credit secured solely by Developer. Developer may use all, any or part of the TIRZ Property as collateral for the construction loan or loans as required for the financing of the Project, however, no property with a lien still attached may be offered to the City for dedication.
Appears in 1 contract
