Reimbursement to Meijer for Public Improvement Costs Sample Clauses

Reimbursement to Meijer for Public Improvement Costs. In consideration of Meijer completing the Public Improvement Project, and as a material inducement to Meijer’s development of a Meijer Store on the Project Site, the City agrees to reimburse Meijer an amount equal to the total testing, design, engineering, constructing engineering and construction and installation costs of the Public Improvements, including the costs of relocating any existing utilities needed for the construction and installation of the Public Improvements (collectively, the “Actual Public Improvement Costs”), as certified and itemized in writing by Meijer to the City. Such certification and itemization by Meijer to the City shall be accompanied by all applicable invoices or other documentation in connection with the Actual Public Improvement Costs. The City’s obligation to reimburse Meijer for such Actual Public Improvement Costs (the “Reimbursement Obligation”) shall be payable by the City to Meijer in three (3) consecutive equal annual installments, commencing July 1, 2008 (provided the City is then in receipt of the written certification and itemization by Meijer of the Actual Public Improvement Costs) and annually thereafter on July 1, 2009 and July 1, 2010.
Sample 1
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Related to Reimbursement to Meijer for Public Improvement Costs

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