Redevelopment Proposal Sample Clauses

Redevelopment Proposal. The formal proposal submitted by the Interim Redeveloper setting forth a specific design and plan for all or any portion of the Redevelopment Area. The Interim Redeveloper shall have the exclusive right to submit a Redevelopment Proposal to the Township during the Term of this Agreement. The Township agrees to review that Redevelopment Proposal consistent with the provisions of the LRHL and the Municipal Land Use Law.
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Redevelopment Proposal. During the Term of this Agreement, the Interim Redeveloper shall have the sole right to submit to the Township a Redevelopment Proposal which shall include a specific design and plan for the use of either the Selecto-Flash Building Property and/or the Redevelopment Area. The Interim Redeveloper understands, acknowledges, and agrees that the submission of a Redevelopment Proposal is subject to all review and approvals as required under the Local Redevelopment and Housing Law and all other governing regulations, ordinances and law. The Interim Redeveloper also understands, acknowledges, and agrees that any Redevelopment Proposal must comply with the Redevelopment Plan as adopted by the Township Council. No promises or representations have been made or relied upon in entering into this Agreement. During the Term of this Agreement, the Interim Redeveloper may file applications with the Township under the Municipal Land Use Law, seeking approvals for a Redevelopment Proposal expected to consist of approximately one hundred (100) residential units and possible commercial space, and to State and County agencies where necessary, including but not limited to a Flood Hazard Area Verification and Individual Permit from NJDEP. Interim Redeveloper will diligently pursue any such applications, with the expectation that final approvals will be granted within one year of the completion and submission of applications. At any time after receipt of approvals of the Redevelopment Proposal pursuant to the Municipal Land Use Law and applicable State and County approvals, Interim Redeveloper may apply for a Long Term Tax Exemption (“LTTE”) pursuant to NJSA 40A:20-1 et seq. Interim Redeveloper anticipates submitting an LTTE application providing for a Payment In Lieu Of Taxes (“PILOT”) based on 10% of gross revenue if a residential or commercial use is developed on the Property. If the ultimate end use of the Property is a surface parking lot, Interim Redeveloper shall not seek an LTTE. Interim Redeveloper acknowledges that, by virtue of entering into this Agreement, the Township is not obligated to grant an LTTE. However, should an LTTE not be granted, or the necessary Municipal Land Use Law approvals or other State or County approvals be denied, Interim Redeveloper reserves the right to terminate this Agreement at which point neither Party shall retain any liabilities or responsibilities to the other except for the indemnification obligations set forth in Paragraph 2.11 herein ...

Related to Redevelopment Proposal

  • Cost Proposal After the Approved Working Drawings are approved by Landlord and Tenant, and the Contractor and subcontractors have been selected pursuant to Section 4.1 above, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings setting forth the reconciled bids and copies of all sub-bids, which cost proposal shall include, as nearly as possible, the cost of all Tenant Improvement Allowance Items to be incurred in connection with the construction of the Tenant Improvements (the "COST PROPOSAL"). The Cost Proposal shall reflect bids that will be priced by Contractor on an individual item-by-item or trade-by-trade basis. Landlord and Tenant shall work together in good faith in an attempt to agree upon a mutually acceptable Cost Proposal as soon as reasonably possible. Notwithstanding the foregoing, portions of the cost of the Tenant Improvements may be delivered to Tenant as such portions of the Tenant Improvements are priced by Contractor (on an individual item-by-item or trade-by-trade basis), even before the Approved Working Drawings are completed (the "PARTIAL COST PROPOSAL") for purposes of facilitating the early purchase of items and construction of the same. Tenant shall approve and deliver the Cost Proposal to Landlord within seven (7) business days of the receipt of the same, or, as to a Partial Cost Proposal within five (5) business days of receipt of the same, and upon receipt of the same by Landlord, Landlord shall be released by Tenant to purchase the items set forth in the Cost Proposal or Partial Cost Proposal, as the case may be, and to commence the construction relating to such items. If Tenant disapproves the Cost Proposal or Partial Cost Proposal, Tenant shall provide Landlord with a reasonably sufficient explanation, and in such event, Landlord and Tenant shall use good faith, diligent efforts to work with each other and Contractor to address Tenant's reasons for disapproving the Cost Proposal or Partial Cost Proposal, whichever is the case and a new Cost Proposal (or Partial Cost Proposal, as applicable) shall be prepared and the process described in this Section 4.2 shall be repeated. The date by which Tenant must approve and deliver the Cost Proposal or the last Partial Cost Proposal to Landlord, as the case may be, shall be known hereafter as the "COST PROPOSAL DELIVERY DATE". The total of all Partial Cost Proposals, if any, shall be known as the Cost Proposal.

  • Bidding and Proposal Phase 1.5.1 In conjunction with the development of the Guaranteed Maximum Price and at other times as appropriate to the Project, the Architect/Engineer shall assist the Owner and Construction Manager by receiving and recording requests for Bid and Request for Proposal (“RFP”) Documents, receiving and resolving questions about Bid and RFP Documents; preparing addenda, issuing addenda, and accounting for addenda issued; attending pre-bid and pre-proposal conferences and HUB meetings; evaluating bids and proposals; and assisting in preparing and awarding multiple contracts for construction. Architect/Engineer shall answer inquiries from bidders and proposers at Owner’s request, and shall prepare and issue any necessary addenda to the bidding or proposal documents.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Proposal Proposal means any information supplied by or on behalf of the insured, deemed to be a completed proposal form and medical questionnaire and other relevant information that the insurer may require.

  • PROPOSAL SUBMISSION 1. Timely Proposal Submittal. Proposals must be submitted as described herein to the Purchasing & Contracting Department (P&C).

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE

  • Technical Proposal The technical proposal may be presented in free format. It shall not exceed ten pages, not counting the CVs. It shall respect the following page limit and structure: • Technical methodology (max. 7 pages) • Quality management (max. 1 page) • Project management (max. 1 page) • Resource management (proposal (max. 1 page) + CVs of experts)

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

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