Common use of Repayment to City Clause in Contracts

Repayment to City. Developer shall pay to City, prior to approval of any final plat for any phase of development of the Property, the sum of $37,538.45, as reimbursement to the City for the City’s actual costs of constructing water facilities along Xxxxx Road from the west property line of the Xxxxxxxx Township High School Property to 00xx Xxxxxx. * * * * * * * * * * * * “” * * * * * * * * * * * * “Section 38. Construction of Water Mains. Developer shall, at Developer’s sole cost, install a twelve-inch (12”) water main in a loop as follows: beginning at the present terminus of the City water main at or near the intersection of Xxxxx Road and 20th street, then west within the right-of-way on the north side of Xxxxx Road to a point at or near the intersection of Xxxxx Road and Queens Road, then north within the right-of-way along the east side of Queens Road to a point at or near the north property line of the Property, then east within a dedicated street located within the Property to a point more or less due north of City Well #11, then south to City Well #11, substantially in accordance with the drawing attached as Exhibit G. Notwithstanding the foregoing, construction of the twelve inch (12”) water main loop shall not be required as a part of Creekside Sub Unit 1 Development. Upon the commencement of construction by Developer of any future phase beyond Creekside Sub Unit 1 Development or upon the commencement of the construction of a school on the Subject Property other than the presently-planned construction of a school by the Rochelle Elementary District #231, whichever is earlier (“Triggering Event”), Developer shall construct and install a 12” water main from the existing water main terminus along 20th Street east to City Well #11, substantially in accordance with the drawing attached as Exhibit C to this Third Amendment. The City shall reimburse Developer fifty percent (50%) of the cost of construction of this water main extension. In the event the City determines that said water main is necessary prior to the Triggering Event, the City may construct said water main, at its cost and expense, and Developer shall reimburse the City fifty percent (50%) of the cost of construction at the time the Triggering Event occurs.” * * * * * * * * * * * *

Repayment to City. Developer shall pay to City, prior to approval of any final plat for any phase of development of the Property, the sum of $37,538.45, as reimbursement to the City for the City’s actual costs of constructing water facilities along Xxxxx Road from the west property line of the Xxxxxxxx Township High School Property to 00xx Xxxxxx20th Street. * * * * * * * * * * * * “” * * * * * * * * * * * * “Section 38. Construction of Water Mains. Developer shall, at Developer’s sole cost, install a twelve-inch (12”) water main in a loop as follows: beginning at the present terminus of the City water main at or near the intersection of Xxxxx Road and 20th street, then west within the right-of-way on the north side of Xxxxx Road to a point at or near the intersection of Xxxxx Road and Queens Road, then north within the right-of-way along the east side of Queens Road to a point at or near the north property line of the Property, then east within a dedicated street located within the Property to a point more or less due north of City Well #11, then south to City Well #11, substantially in accordance with the drawing attached as Exhibit G. Notwithstanding the foregoing, construction of the twelve inch (12”) water main loop shall not be required as a part of Creekside Sub Unit 1 Development. Upon the commencement of construction by Developer of any future phase beyond Creekside Sub Unit 1 Development or upon the commencement of the construction of a school on the Subject Property other than the presently-planned construction of a school by the Rochelle Xxxxxxxx Elementary District #231, whichever is earlier (“Triggering Event”), Developer shall construct and install a 12” water main from the existing water main terminus along 20th Street east to City Well #11, substantially in accordance with the drawing attached as Exhibit C to this Third Amendment. The City shall reimburse Developer fifty percent (50%) of the cost of construction of this water main extension. In the event the City determines that said water main is necessary prior to the Triggering Event, the City may construct said water main, at its cost and expense, and Developer Xxxxxxxxx shall reimburse the City fifty percent (50%) of the cost of construction at the time the Triggering Event occurs.” * * * * * * * * * * * *

Repayment to City. Developer shall pay to City, prior to approval of any final plat for any phase of development of the Property, the sum of $37,538.45, as reimbursement to the City for the City’s actual costs of constructing water facilities along Xxxxx Road from the west property line of the Xxxxxxxx Township High School Property to 00xx Xxxxxx. * * * * * * * * * * * * “” * * * * * * * * * * * * “Section 38. Construction of Water Mains. Developer shall, at Developer’s sole cost, install a twelve-inch (12”) water main in a loop as follows: beginning at the present terminus of the City water main at or near the intersection of xx Xxxxx Road Xxxx and 20th street, then west within the right-of-way on the north side of Xxxxx Road to a point at or near the intersection of Xxxxx Road and Queens Road, then north within the right-of-way along the east side of Queens Road to a point at or near the north property line of the Property, then east within a dedicated street located within the Property to a point more or less due north of City Well #11, then south to City Well #11, substantially in accordance with the drawing attached as Exhibit G. Notwithstanding the foregoing, construction of the twelve inch (12”) water main loop shall not be required as a part of Creekside Sub Unit 1 Development. Upon the commencement of construction by Developer of any future phase beyond Creekside Sub Unit 1 Development or upon the commencement of the construction of a school on the Subject Property other than the presently-planned construction of a school by the Rochelle Elementary District #231, whichever is earlier (“Triggering Event”), Developer shall construct and install a 12” water main from the existing water main terminus along 20th Street east to City Well #11, substantially in accordance with the drawing attached as Exhibit C to this Third Amendment. The City shall reimburse Developer fifty percent (50%) of the cost of construction of this water main extension. In the event the City determines that said water main is necessary prior to the Triggering Event, the City may construct said water main, at its cost and expense, and Developer shall reimburse the City fifty percent (50%) of the cost of construction at the time the Triggering Event occurs.” * * * * * * * * * * * *

Repayment to City. Developer shall pay to City, prior to approval of any final plat for any phase of development of the Property, the sum of $37,538.45, as reimbursement to the City for the City’s actual costs of constructing water facilities along Xxxxx Road from the west property line of the Xxxxxxxx Rochelle Township High School Property to 00xx Xxxxxx20th Street. * * * * * * * * * * * * “” * * * * * * * * * * * * “Section 38. Construction of Water Mains. Developer shall, at Developer’s sole cost, install a twelve-inch (12”) water main in a loop as follows: beginning at the present terminus of the City water main at or near the intersection of Xxxxx Road and 20th street, then west within the right-of-way on the north side of Xxxxx Road to a point at or near the intersection of Xxxxx Road and Queens Road, then north within the right-of-way along the east side of Queens Road to a point at or near the north property line of the Property, then east within a dedicated street located within the Property to a point more or less due north of City Well #11, then south to City Well #11, substantially in accordance with the drawing attached as Exhibit G. Notwithstanding the foregoing, construction of the twelve inch (12”) water main loop shall not be required as a part of Creekside Sub Unit 1 Development. Upon the commencement of construction by Developer of any future phase beyond Creekside Sub Unit 1 Development or upon the commencement of the construction of a school on the Subject Property other than the presently-planned construction of a school by the Rochelle Xxxxxxxx Elementary District #231, whichever is earlier (“Triggering Event”), Developer shall construct and install a 12” water main from the existing water main terminus along 20th Street east to City Well #11, substantially in accordance with the drawing attached as Exhibit C to this Third Amendment. The City shall reimburse Developer fifty percent (50%) of the cost of construction of this water main extension. In the event the City determines that said water main is necessary prior to the Triggering Event, the City may construct said water main, at its cost and expense, and Developer Xxxxxxxxx shall reimburse the City fifty percent (50%) of the cost of construction at the time the Triggering Event occurs.” * * * * * * * * * * * *