Transit Pass Subsidy for Rental Housing Units Sample Clauses

Transit Pass Subsidy for Rental Housing Units. On a monthly basis, Developers shall make a universal transit pass, such as the Metro EZ Transit Pass or Big Blue Bus 30-Day Pass, available for sale to all residents listed on leases at a discount of at least 50% of the then current market rate for such transit pass. Where residents are also employees of the Project, only the higher of the parking cash-out/transportation allowance identified in Section 2.7.1(f)(1)(ix) and Section 2.7.1(f)(1)(x), as applicable, or the Transit Pass Subsidy identified in Section 2.7.1(f)(3)(vi) shall be offered to the resident/employee.
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