Common use of Sidewalk Deposit Clause in Contracts

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.

Appears in 1 contract

Samples: Subdivider's Agreement

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Sidewalk Deposit. Subdivider's ’s estimated cost for sidewalk sidewalks in Phase 1 and Two is Thirteen One Hundred Fifty-Two Thousand Four Seven Hundred Seventy-Three and 00/100 ($13,473.00152,700.00) Dollars. Should sidewalks not be completed at the time of acceptance of public improvements in either Phase 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 Twenty-Nine Thousand Fifty Dollars and 00/100 ($20,209.00229,050.00) Dollars, which is represents 150% of the Subdivider's ’s estimate for construction of sidewalks. This deposit must be made prior to Council placing an ordinance on its agenda to accept public improvements pertinent to and the Subdivision on its agendaFinal Plat in Phase 1 of the Subdivision. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3¼) 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 on which the City passes an ordinance accepting all public improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit shall may be forfeited and the City shall may install the sidewalks and charge to the Subdivider any additional costs incurred not covered by the sidewalk deposit.

Appears in 1 contract

Samples: Subdivider’s Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Eighteen Thousand Four Nine Hundred Seventy-Three Thirty Six and 00/100 ($13,473.0018,936.00) 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 Eight Thousand Two Four Hundred Nine Four and 00/100 ($20,209.0028,404.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Seven Thousand Four Five Hundred Seventy-Three Forty and 00/100 ($13,473.007,540.00) 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 Eleven Thousand Two Three Hundred Nine Ten and 00/100 ($20,209.0011,310.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Sixty Nine Thousand Four Hundred Seventy-Three and 00/100 ($13,473.0069,000.00) 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 One Hundred Three Thousand Two Five Hundred Nine and 00/100 ($20,209.00103,500.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Eleven Thousand Four Three Hundred Seventy-Three Ninety and 00/100 40/100 ($13,473.0011,390.40) 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 Seventeen Thousand Two Hundred Nine Eighty-Five and 00/100 60/100 ($20,209.0017,085.60) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Thousand Four Twelve Thousand, Six Hundred SeventyEighty-Three and 00/100 Eight ($13,473.0012,688.00) 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 Nineteen Thousand Thirty-Two Hundred Nine Dollars and 00/100 ($20,209.00) Dollars19,032.00), 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 being placed on its agendaCouncil’s agenda for action. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3¼) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Two Thousand Four Two Hundred Seventy-Three and 00/100 Thirty ($13,473.002,230.00) 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 Three Thousand Two Three Hundred Nine and 00/100 Forty-Five ($20,209.003,345.00) 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 being placed on its agendaCouncil’s agenda for action. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3¼) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Forty Seven Thousand Four Two Hundred Seventy-Three Fifty and 00/100 ($13,473.0047,250.00) 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 Seventy Thousand Two Eight Hundred Nine Seventy Five and 00/100 ($20,209.0070,875.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Forty Eight Thousand Four Hundred Seventy-Three Twenty Eight and 00/100 ($13,473.0048,428.00) 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 Seventy Two Thousand Six Hundred Forty Two Hundred Nine and 00/100 ($20,209.0072,642.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Thirty Thousand Four Hundred Seventy-Three and 00/100 ($13,473.0030,400.00) 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 Forty Five Thousand Two Six Hundred Nine and 00/100 ($20,209.0045,600.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

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Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Thirty Four Thousand Four Nine Hundred Seventy-Three Fifty and 00/100 ($13,473.0034,950.00) 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 Fifty Two Thousand Four Hundred Twenty Thousand Two Hundred Nine Five and 00/100 ($20,209.0052,425.00) 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 being placed on its agendaCouncil’s agenda for action. 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen One Hundred Thirty-Four Thousand Two Hundred Four Hundred Seventy-Three Dollars and 00/100 Cents ($13,473.00) Dollars134,204.00). 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 One Thousand Three Hundred Six ($20,209.00201,306.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Three Thousand Four Three Hundred Seventy-Three and 00/100 Thirty Two ($13,473.003,332.00) 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 Four Thousand Two Nine Hundred Nine and 00/100 Ninety Eight ($20,209.004,998.00) 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 being placed on its agendaCouncil’s agenda for action. The Subdivider will be entitled to incremental refunds of 25% of the total amount deposited upon installation of each quarter (3¼) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Sixty Two Thousand Four Six Hundred Seventy-Three Ninety Five and 00/100 ($13,473.0062,695.00) 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 Ninety Four Thousand Forty Two Hundred Nine and 00/100 ($20,209.0094,042.00) 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 (3¼) 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 may install the sidewalks and shall charge to the Subdivider any additional costs incurred not covered by the sidewalk deposit.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Twenty Four Thousand Four Six Hundred Seventy-Three Eighty and 00/100 ($13,473.0024,680.00) 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 Thirty Seven Thousand Twenty Thousand Two Hundred Nine and 00/100 ($20,209.0037,020.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Thirteen Fifteen Thousand Four Two Hundred Seventy-Three Ten and 00/100 ($13,473.0015,210.00) 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 Twenty-Two Thousand Two Eight Hundred Nine Fifteen and 00/100 ($20,209.0022,815.00) 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.

Appears in 1 contract

Samples: Subdivider's Agreement

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