Sewer Line Improvement Payment. Summit shall make one lump sum payment representing 50% of the total cost of upgrading up to 1,300 LF of Town sewer line between Washington Street Ext. and Seminary Street Ext; provided, however, that the lump sum payment shall not exceed $75,000. Summit’s payment shall be due upon request by the Town on or about the date the Town will require the use of such funds for the construction of its sewer line improvements; provided, however, that Summit shall not be required to make such payment prior to applying for a Certificate of Occupancy for the first building in the Project.
Appears in 5 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
