Trolley Barn Sample Clauses

Trolley Barn. City has provided to SRL base specifications for a proposed trolley barn to be located on the Property as part of the Phase 2 Project and SRL has proposed 4 +/- trolley track lines and a trolley barn which shall be approximately 8,000 square feet. In the event that City determines that it wishes to proceed with the trolley barn, which determination shall be made prior to the beginning of design work for the Phase 2 Project, then the trolley barn shall be constructed by SRL in accordance with a suitable and mutually agreeable design and location for the trolley track line and trolley barn. SRL shall be responsible for constructing the trolley barn shell at the same time that SRL constructs the Phase 2 Garage and the funding of the trolley barn shall be included in the funding for the Phase 2 Garage to be provided by City and DSA using a similar bond financing and ownership structure as contemplated for the Phase 1 Project, including without limitation the creation of separate condominium units for the Phase 2 Garage and for the trolley barn, each of which shall be conveyed to City upon completion of construction. The construction of the trolley barn shall be pursuant to a Maximum Guaranteed Price construction contract with a general contractor mutually agreeable to the parties. In the event that SRL requests that City approve an amendment to the maximum guaranteed price set forth in said construction contract proposed as a result of Unforeseen Conditions, Force Majeure (as hereinafter defined), a change in market conditions (as validated by Means Guide to Construction Costs), or special conditions required by City that would constitute a change in the scope of work of said construction contract, the parties shall negotiate such amendment in good faith.
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Trolley Barn. KYTC ensured that any rehabilitation of the Louisville Railway Complex (Trolley Barn), associated with Project, was developed and implemented in consultation with the KYSHPO to ensure that plans are in conformance with the Secretary’s Standards for Rehabilitation.

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