S. 40th Street Sample Clauses

S. 40th Street. The City has approved a Capital Improvement Program which includes the construction of a 16-inch water main along S. 00xx Xxxxxx xxxx Xxxxxx Xxxx and S. 40th Street (Point A) to a point approximately ½ mile south of Rokeby Road (Point A1) (“S. 40th Street Water Main”) in FY2021-2022 as shown generally in Exhibit “D”, which is attached hereto. The City will propose the S. 40th Street Water Main within the City’s Biennial Budget and corresponding Capital Improvement Program for Fiscal Years 2020-2021 and 2021-2022. Subject to appropriation by the City Council, the City agrees to design and substantially complete the construction of the S. 40th Street Water Main (i) from Rokeby Road to the ¼ Mile road (Point A to Point B) by September 1, 2021 and (ii) from the ¼ Mile road to the ½ Mile road (Point B to A1) by December 31, 2021. 1. Acceleration of S. 40th Street Water Main. Parcel Owners and the City acknowledge and agree that development of the Property may require the S. 40th Street Water Main to be constructed on an expedited schedule so that it can be completed prior to September 1, 2021 and December 31, 2021, respectively. In order to facilitate this construction, the City agrees that a Parcel Owner may assume the obligation to construct the S. 40th Street Water Main and may accelerate said construction by providing written notice to the Lincoln Transportation and Utilities Director of Bryan’s intent to cause the design and construction of the S. 40th Street Water Main to be accelerated at its expense subject to the terms and conditions of this Agreement.
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