Sidewalk Deposit Sample Clauses

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Thousand Four Hundred Seventy-Three and 00/100 ($13,473.00) Dollars. Should sidewalks not be completed at the time of acceptance of public improvements by City Council, the Subdivider shall deposit with the Office of the Director of Finance a cash deposit in the amount of Twenty Thousand Two Hundred Nine and 00/100 ($20,209.00) Dollars, which is 150% of the Subdivider's estimate for construction of sidewalks. This deposit must be made prior to Council placing an ordinance to accept public improvements pertinent to the Subdivision on its agenda. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3) of the total sidewalk to be installed and upon verification of same by the Service Director. Subdivider must install sidewalks throughout the Subdivision within Thirty (30) months of the date in which the City passes an ordinance accepting public improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit shall be forfeited and the City shall install the sidewalks and charge to the Subdivider any additional costs incurred not covered by the sidewalk deposit.
AutoNDA by SimpleDocs
Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Seventy Three Thousand One Hundred Fifty and 00/100 ($73,150.00) Dollars. Should sidewalks not be completed at the time of acceptance of public improvements by City Council, the Subdivider shall deposit with the Office of the Director of Finance a cash deposit in the amount of One Hundred Nine Thousand Seven Hundred Twenty Five and 00/100 ($109,725.00) Dollars, which is 150% of the Subdivider's estimate for construction of sidewalks. This deposit must be made prior to Council placing an ordinance to accept public improvements pertinent to the Subdivision on its agenda. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3) of the total sidewalk to be installed and upon verification of same by the Service Director. Subdivider must install sidewalks throughout the Subdivision within Thirty (30) months of the date in which the City passes an ordinance accepting public improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit shall be forfeited and the City shall install the sidewalks and charge to the Subdivider any additional costs incurred not covered by the sidewalk deposit.
Sidewalk Deposit. Developer is not required to install sidewalks as part of this improvement project.
Sidewalk Deposit. Not applicable to this Development.
Sidewalk Deposit. Public sidewalks are existing, therefore this section is not applicable to this project. Developer agrees to be responsible for any damage done to the existing sidewalks during said construction of these improvements and agrees to repair/replace same at City’s request.
Sidewalk Deposit. Sidewalks are being provided by the Subdivider as per the approved construction plans. If sidewalks (or any portion thereof) are not installed at the time of acceptance of improvements, the Subdivider agrees to deposit 150% of the value of the sidewalks remaining to be installed in said Subdivision until such time as they are installed. Pro-rata refunds of deposits will be permitted with the approval of the Finance Director and the Service Director.
Sidewalk Deposit. Xxxxxxxxx agrees to install sidewalks as depicted on the approved Final Development Plans.
AutoNDA by SimpleDocs
Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Five Hundred Four ($504.00) Dollars. Should sidewalks not be completed at the time of acceptance of improvements by City Council, the Subdivider shall deposit with the Office of the Director of Finance a cash deposit in the amount of Seven Hundred Fifty Six ($756.00) , which is 150% of the Subdivider's estimate for construction of sidewalks. This deposit must be made prior to an ordinance to accept improvements pertinent to the Subdivision being placed on Council’s agenda for action. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (¼) of the total sidewalk to be installed and upon verification of same by the Service Director. Subdivider must install sidewalks throughout the Subdivision within Thirty (30) months of the date in which the City passes an ordinance accepting improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit shall be forfeited and the City shall install the sidewalks and charge to the Subdivider any additional costs incurred not covered by the sidewalk deposit.
Sidewalk Deposit. Developer is not required to install sidewalks as part of this improvement project. Sidewalk will be the responsibility of the property owner.
Sidewalk Deposit. Developer's estimated cost for replacement of the sidewalk is Two Thousand Two Hundred and 00/100 ($2,200.00) Dollars. Should sidewalks not be completed at the time of acceptance of public improvements by City Council, the Developer shall deposit with the Office of the Director of Finance a cash deposit in the amount of Three Thousand Three Hundred and 00/100 ($3,300.00) Dollars, which is 150% of the Developer's estimate for construction of sidewalks. This deposit must be made prior to Council placing an ordinance to accept public improvements pertinent to the Development on its agenda. Developer must install sidewalks in the areas designated on the plans withinThirty (30) days of the date in which the City passes an ordinance accepting public improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit shall be forfeited and the City shall install the sidewalks and charge to the Developer any additional costs incurred not covered by the sidewalk deposit.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!