Common use of Sidewalk Deposit Clause in Contracts

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.

Appears in 1 contract

Samples: Subdivider's Agreement

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Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Seventy Three Twenty One Thousand One Six Hundred Fifty Fifteen and 00/100 ($73,150.0021,615.00) 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 Thirty Two Thousand Seven Four Hundred Twenty Five Two and 00/100 50/100 ($109,725.0032,422.50) 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 on which the City passes an ordinance accepting public improvements. In the event that sidewalks are not installed within this period, the sidewalk deposit City may, but shall not be forfeited and required to install the sidewalks. The City shall install the sidewalks and charge to the Subdivider any additional costs incurred that are not covered by the sidewalk depositdeposit and Subdivider shall pay said costs within thirty (30) days after receipt of an itemized invoice therefor.

Appears in 1 contract

Samples: Subdivider's Agreement

Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Seventy Three Thousand One Hundred Twenty Two Thousand Two Hundred Fifty Five and 00/100 ($73,150.00122,255.00) 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 Eighty Three Thousand Seven Three Hundred Twenty Five Eighty Two and 00/100 50/100 ($109,725.00183,382.50) 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 Seventy Three Forty-Seven Thousand One Hundred Fifty Eighty- Six and 00/100 ($73,150.0047,186.00) 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 Seventy Thousand Seven Hundred Twenty Five Seventy-Nine and 00/100 ($109,725.0070,779.00) 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 Seventy Three Fifty Nine Thousand One Seven Hundred Fifty Forty Four and 00/100 ($73,150.0059,744.00) 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 Eighty Nine Thousand Seven Six Hundred Twenty Five Sixteen and 00/100 ($109,725.0089,616.00) 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 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 Seventy Thirty Three Thousand One Nine Hundred Fifty Sixty and 00/100 ($73,150.0033,960.00) 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 Fifty Thousand Nine Hundred Nine Thousand Seven Hundred Twenty Five Forty and 00/100 ($109,725.0050,940.00) 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 Seventy Three Thirty One Thousand One Six Hundred Fifty Eighty Two and 00/100 50/100 ($73,150.0031,682.50) 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 Forty Seven Thousand Seven Five Hundred Twenty Five Three and 00/100 75/100 ($109,725.0047,523.75) 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 Seventy Three Forty-Five Thousand One Four Hundred Fifty Ninety- Two and 00/100 ($73,150.0045,492.00) 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 Sixty-Eight Thousand Two Hundred Nine Thousand Seven Hundred Twenty Five Thirty-Eight and 00/100 ($109,725.0068,238.00) 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 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 sidewalks in Avondale No. 1 is Seventy Three Eighty Seven Thousand One Hundred Fifty and 00/100 ($73,150.0087,000.00) 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 One Hundred Nine Thirty Thousand Seven Five Hundred Twenty Five and 00/100 ($109,725.00130,500.00) 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 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 periodperiod and no extensions of time have been granted, 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 Seventy Three Nineteen Thousand One Nine Hundred Fifty Seventy- Four and 00/100 ($73,150.0019, 974.00) 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 Twenty-Nine Thousand Seven Nine Hundred Twenty Five Sixty- One and 00/100 ($109,725.0029,961.00) 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

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Sidewalk Deposit. Subdivider's estimated cost for sidewalk is Seventy-Two Thousand Five Hundred Seventy Three Thousand One Hundred Fifty and 00/100 ($73,150.0072,570.00) 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 Eight Thousand Seven Eight Hundred Twenty Fifty-Five and 00/100 ($109,725.00108,855.00) 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 Seventy Three Forty Eight Thousand One Four Hundred Fifty Eighty Seven and 00/100 50/100 ($73,150.0048,487.50) 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 Seventy Two Thousand Seven Hundred Twenty Five Thirty One and 00/100 25/100 ($109,725.0072,531.25) 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 Seventy Twenty Three Thousand One Five Hundred Fifty Ninety Two and 00/100 50/100 ($73,150.0023,592.50) 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 Thirty Five Thousand Three Hundred Nine Thousand Seven Hundred Twenty Five Eighty Eight and 00/100 75/100 ($109,725.0035,388.75) 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 Seventy Three Twenty-Five Thousand One Six Hundred Fifty and 00/100 ($73,150.0025,650.00) 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 Thirty-Eight Thousand Four Hundred Nine Thousand Seven Hundred Twenty Seventy-Five and 00/100 ($109,725.0038,475.00) 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 Seventy Three Twenty One Thousand One Six Hundred Fifty Fifteen and 00/100 ($73,150.0021,615.00) 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 Thirty Two Thousand Seven Four Hundred Twenty Five Two and 00/100 50/100 ($109,725.0032,422.50) 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 Seventy Three Twenty One Thousand One Four Hundred Fifty Eighty and 00/100 ($73,150.0021,480.00) 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 Thirty Two Thousand Seven Two Hundred Twenty Five and 00/100 ($109,725.0032,220.00) 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

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