Tuscany Neighborhood Non-Potable Project Sample Clauses

Tuscany Neighborhood Non-Potable Project. In 2020, the City of Xxxxx will fund improvements to complete the non-potable system for the Tuscany neighborhood. The City has agreed to take over ownership and maintenance of the system long- term. An estimated $1,168,880.00 of the total project cost will be recovered from Tuscany property owners, pro-rated based on square footage of the lot. Existing residents will pay their portion through a surcharge in their utility xxxx while undeveloped properties will pay the surcharge up-front at the time of building permit issuance. Property owners will be reimbursed the difference if actual costs are less than estimated costs and they will be held harmless if actual costs are more. Based on a site area of 315,004 square feet, the Wildhorse Development is responsible for approximately 7% of the project or $78,291.00, payable at the time of the first building permit issuance.
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Related to Tuscany Neighborhood Non-Potable Project

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In connection with performing their respective duties under this Section 3.17(a), both the Special Servicer and the Tax Administrator may consult with counsel and tax accountants, the reasonable cost of which consultation shall be covered by, and be reimbursable as, a Servicing Advance to be made by the Special Servicer. (b) If title to any Administered REO Property is acquired, the Special Servicer shall manage, conserve, protect and operate such REO Property for the benefit of the Certificateholders (and, in the case of any Administered REO Property related to a Serviced Loan Combination, the related Serviced Non-Trust Mortgage Loan Noteholder(s)) solely for the purpose of its prompt disposition and sale in a manner that does not and will not: (i) cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code for purposes of Section 860D(a) of the Code; or (ii) except as contemplated by Section 3.17(a), either result in the receipt by any REMIC Pool of any "income from non-permitted assets" within the meaning of Section 860F(a)(2)(B) of the Code or result in an Adverse REMIC Event or an Adverse Grantor Trust Event. 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