Common use of TRANSIT STATION REDEVELOPMENT PROJECT Clause in Contracts

TRANSIT STATION REDEVELOPMENT PROJECT. Management of the channel protection volume to be provided by the Owner. All water quality requirements for the transit facility to be provided on the transit facility site and are the responsibility of ACC for construction. Transit facility will be responsible for providing connections from the facility edge pf the site at locations determined by the Owner; All utilities will be brought to the edge of the Site with the taps and valves for potable and sprinkler connections being done by the Owner. All meters and fees and utilities shall be constructed and paid for by ACC, but solely out of Withdrawals related to the Transit Station Redevelopment Project; Fiber optic cabling and underground power would be brought to the site by Owner; Sanitary sewer manhole, for facility connection, at adequate depth and size at site perimeter by the Owner; Perimeter fire lines & hydrants would be brought by Owner. Owner is to provide the sidewalks and/or trails to the facility (including access from lower Belk’s lot); Owner to allow overflow parking from the transfer facility at surrounding parking as needed, subject in all respects to Belk’s parking restrictions; Bus Stops within the Project (but located outside of the boundaries of the Transit Station Redevelopment Project) will be designed and constructed to Athens Transit standard for Bus Stop/Bus Stop Shelter improvements, and shall be constructed, financed and maintained by the Owner; Site concrete for Bus Stops/Bus Stop Shelters would be constructed and financed for ACC by the Owner, subject to Athens Transit standards for the Bus Stops/Bus Stop Shelters; All landscaping and irrigation shall be constructed by ACC; Signage would be paid for by ACC, subject to ACC standards; All paving and traffic control within the development is by Owner, except for the paving within the site boundary for the transfer facility; Any provision hereof to the contrary notwithstanding, in the event that the Owner does not bring sanitary and storm sewer lines, with a connecting manhole to the side of the road that the Phases will be located, and/or that power, fiber, water, and other utilities are not all be on side of the road where the Phases will be located, then the $6.7 million figure in Section 6.6(f) will be equitably increased to cover the resulting increased costs to ACC; and ACC shall not be a party to any property owner’s association and the Ground Lease shall be free and clear of any covenants pertaining to common area management fees, assessments, architectural review and control, and the like, as well as other liens and encumbrances (except as permitted by Section 6.6(e)(i) hereof in the case of a pledge of the land by Owner to its lender that is subject to a satisfactory subordination, non-disturbance and attornment agreement in favor of ACC). Further, it is understood and agreed that Owner shall be responsible for and shall pay all ad valorem property taxes and special assessments with respect to the land subject to the Ground Lease. However, ACC agrees to provide maintenance and upkeep for the Transit Station Redevelopment Project or Alternate Redevelopment Project, as appropriate, similar to that which it provides for other ACC transit stations or similar Alternate Redevelopment Projects, as appropriate. SCHEDULE 7.4 DUE DILIGENCE MATERIALS (TO THE EXTENT APPLICABLE, AS REASONABLY DETERMINED BY ACC) DUE DILIGENCE CHECKLIST REQUIREMENT SATISFIED IA COMMENTS COMMENTS 1) Owner Entity Documents: a) Articles of Incorporation/Organization b) E-verify and SAVE affidavits c) Organizational Chart a. Diagram or list of key contacts and roles of project team members d) Current year property tax bill (owner’s only)