Selected Developer’s Funding of WMATA Compact Sample Clauses

Selected Developer’s Funding of WMATA Compact. Public Hearing A change in WMATA Facilities (including bus stop relocations and parking) may trigger a public hearing requirement under the WMATA Compact. The Selected Developer will be required to contribute Fifty Thousand Dollars ($50,000) towards the cost of the WMATA Compact public hearing, payable sixty (60) calendar days prior to the date of the public hearing. A failure to pay that sum may be grounds, in WMATA’s sole and absolute discretion, for WMATA’s revocation of the Selected Developer’s status as such. If WMATA’s actual public hearing costs are less than that amount, WMATA will credit the remaining funds to any outstanding amount that it is owed by the Selected Developer and, if no amount is owed, the unused balance will be refunded to the Selected Developer.
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