Project Improvements. All Project facilities requiring construction, including all preparatory matters prior to construction, such as site preparation.
Project Improvements. Design, permitting, right of way dedication and construction costs for on-site Project access improvements (including, but not limited to, acceleration, deceleration, storage lanes, turn lanes, traffic signage and striping, and signalization, if warranted pursuant to the Manual on Uniform Traffic Control Devices and approved by the regulating agencies, improvements at the S.R. 56/Meadow Pointe Boulevard intersection, and other improvements to accommodate Project traffic at intersections of collector and/or arterial roads within the Project), shall be included in the design, permitting, right of way dedication and construction of S.R. 56, and are the responsibility of the DEVELOPER and are not eligible for impact fee credits or reimbursements, except as provided in the S.R. 56 Roadway Agreement.
Project Improvements. The completed Phase 1 of the Project will, at a minimum, include the following improvements: (i) Class A office building, (ii) Class A residential high-rise facilities, (iii) high-quality retail/restaurant/entertainment facilities designed to encourage activation of Project site, (iv) outdoor park and open space activation features, (vii) upgraded hardscapes, landscapes and pedestrian areas, (viii) and other features customarily found in a first-class urban mixed-use development in general conformance with the Proposal in design and quality (subject to City staff review and the Definitive Agreements), as further described in Section 2 of this MOU. The completed Phases 2 & 3 of the Project will, at a minimum include the following improvements: (i) Class A office building, (ii) a DART transit station and associated parking, (iii) a boutique hotel, (iv) upgraded hardscapes, landscapes and pedestrian areas, (v) and other features customarily found in a first-class urban mixed-use development in general conformance with the Proposal in design and quality (subject to negotiation of deal terms between the Parties, City staff review and the Definitive Agreements), as further described in Section 2 of this MOU. The minimum required improvements described in this section are collectively referred to herein as the “Improvements”.
Project Improvements. (A) For each semi-annual period occurring within the period commencing on the PILOT Commencement Date and ending on June 30, 2040, PILOT payable with respect to the Project Improvements shall equal zero. Upon completion of the Project Improvements (and notwithstanding the foregoing sentence), the Lessee shall promptly request the appropriate officer of the City to reassess the Improvements.
(B) For each semi-annual period occurring within the period commencing on July 1, 2040 and ending on June 30, 2044, PILOT payable with respect to the Project Improvements for such semi-annual period shall equal the amounts respectively indicated for the periods set forth below. 07/01/2040- 06/30/2041 The product of (x) Adjusted CRET of the Project Improvements and (y) 0.2 07/01/2041 - 06/30/2042 The product of (x) Adjusted CRET of the Project Improvements and (y) 0.4 07/01/2042 - 06/30/2043 The product of (x) Adjusted CRET of the Project Improvements and (y) 0.6 07/01/2043 - 06/30/2044 The product of (x) Adjusted CRET of the Project Improvements and (y) 0.8
Project Improvements. All infrastructure project improvements constructed by the Landowner under this Agreement shall be public in character and shall be conveyed to the City together with all easements and rights of way related thereto, upon substantial completion thereof. All such improvements and related easements and rights of way shall be conveyed and assigned to the City by deed or other appropriate conveyance, free and clear of all liens and encumbrances. Failure to execute the necessary conveyance documents within 30 days of substantial completion of the project shall result in all amounts due under the Promissory Note described in Paragraph 4 becoming immediately due and payable.
Project Improvements. Landlord shall (i) retain such architects, engineers and/or consultants from time to time (collectively, the "Project Architect") to design the Project Improvements and provide all of the standard architectural, engineering and space planning services required in connection with the construction and delivery of the Project Improvements,
Project Improvements. To the Warranting Partners' best knowledge, all buildings and improvements on the property owned by each Contributed Partnership, and all tangible personal property, equipment and fixtures constituting a part thereof, are in good condition and repair, and the roofs, walls and foundations of the buildings are free from leaks and seepage of moisture. To the best knowledge of the Warranting Partners, there is no defective condition (latent or otherwise) in respect of the buildings and improvements on the property owned by any Contributed Partnership.
Project Improvements. “Project Improvements” or “Improvements” means the Developer’s Sewer Improvements.
Project Improvements. (a) The Project Improvements shall be constructed consistent with the Redevelopment Plan, this Agreement, the Governmental Approvals and all Applicable Laws.
(b) The Project Improvements shall be utilized solely for the purposes more fully set forth in the Redevelopment Plan and this Agreement.
(c) The Redeveloper shall provide for the timely development of the Project Improvements in conformance with the Project Schedule, and will cooperate with the Borough to avoid unreasonable interference with the operation of any existing Utilities. Redeveloper agrees to provide all performance and maintenance bonds and inspection fees as may be required by the Governmental Approvals.
(d) Without limitation, all work on the Project Improvements shall be performed in a good and workmanlike manner, using, where specified, the materials called for under the Governmental Approvals being of such quality as may be specifically required by such Governmental Approvals. All construction shall be in accordance with the Uniform Construction Code, codified at N.J.A.C. 52:3-1 et seq. (the “UCC”).
Project Improvements. 12 6.3 Costs...........................................................14 6.4
