Common Contracts
2 similar Performance Agreement contracts
PERFORMANCE AGREEMENTPerformance Agreement • March 29th, 2019 • Virginia
WHEREAS, the Company contemplates redeveloping the Property by converting the ‘Old Yellow’ structure to a hotel with approximately 34 rooms, the Old Middle School structure to an apartment building with approximately 50 market-rate apartment units, together with other improvements, for a total direct investment of approximately $10 million, for a net direct investment in the Town of approximately $9.6 million, together with associated spinoff economic impacts and increased tax revenues; and
PERFORMANCE AGREEMENTPerformance Agreement • March 19th, 2019 • Virginia
WHEREAS, the Company contemplates redeveloping the Property by converting the ‘Old Yellow’ structure to a hotel with approximately 34 rooms, the Old Middle School structure to an apartment building with approximately 50 market-rate apartment units, together with other improvements, for a total direct investment of approximately $10 million, for a net direct investment in the Town of approximately $9.6 million, together with associated spinoff economic impacts and increased tax revenues; and
