Common use of Resident Transportation Allowance Clause in Contracts

Resident Transportation Allowance. Developer shall offer a monthly transportation allowance equal to at least 75 percent of the current cost of a monthly regional transit pass of the resident’s choice (e.g., Big Blue Bus 30-Day Pass, Metro EZ Pass, Metro TAP Pass or equivalent). The Resident Transportation Allowance shall be offered to all residents listed on a lease and their immediate family living at the same address. Immediate family includes partner, spouse, children, parents, grandparents, siblings, father-in-law, mother- in-law, son-in-law, daughter-in-law, aunt, uncle, xxxxx, nephew, sister-in-law, and brother-in- law. A resident accepting the Transportation Allowance shall elect not to lease parking spaces at the Project and be required to execute a contract agreeing that said resident does not own or long term lease an automobile and will not own or long term lease an automobile for so long as they are in receipt of the Transportation Allowance. The contract shall also specify the resident’s non-single occupancy vehicle commute mode (e.g. transit, bike, walk). Children who reside full time at the Building shall be eligible for the Transportation Allowance if the parent that is primarily responsible for transporting the child is also eligible for the Transportation Allowance. The child’s parent or guardian shall sign an affidavit stating that the child permanently resides at the building on a full-time basis, and the child is primarily transported by a parent or guardian on the lease that is eligible for the Transportation Allowance.

Resident Transportation Allowance. Developer shall offer a monthly transportation allowance equal to at least 75 100 percent of the current cost of a monthly regional transit pass of the resident’s choice (e.g., Big Blue Bus 30-Day Pass, Metro EZ Pass, Metro TAP Pass or equivalent). The Resident Transportation Allowance shall be offered to all residents listed on a lease and their immediate family living at the same address. Immediate family includes partner, spouse, children, parents, grandparents, siblings, father-in-father in law, mother- in-mother in law, son-in-son in law, daughter-in-daughter in law, aunt, uncle, xxxxxniece, nephew, sister-in-sister in law, and brother-in- brother in law. A resident accepting the Transportation Allowance shall elect not to lease parking spaces at the Project and be required to execute a contract agreeing that said resident does not own or long term lease an automobile and will not own or long term lease an automobile for so long as they are in receipt of the Transportation Allowance. The contract shall also specify the resident’s non-single occupancy vehicle commute mode (e.g. transit, bike, walk). Children who reside full time at the Building shall be eligible for the Transportation Allowance if the parent that is primarily responsible for transporting the child is also eligible for the Transportation Allowance. The child’s parent or guardian shall sign an affidavit stating that the child permanently resides at the building on a full-full time basis, and the child is primarily transported by a parent or guardian on the lease that is eligible for the Transportation Allowance.