Common Contracts
1 similar Comprehensive Development Agreement contracts
SUBJECT: Second Amendment to the Comprehensive DevelopmentComprehensive Development Agreement • December 8th, 2021
On February 18, 2016, the Town of Johnstown (“Town”), Johnstown Plaza, LLC (“Developer”), and the Johnstown Plaza Metropolitan District (“District”) entered into the Comprehensive Development Agreement, Funding Plan and Intergovernmental Agreement for Johnstown Plaza, Johnstown, Colorado (“Agreement”) for the purpose of setting forth, among other matters, the terms and conditions relating to the financing of the Johnstown Plaza commercial project. The Agreement provides that, for the first phase of the project, the District was entitled to issue bonds to produce net proceeds of up to $65,000,000. The District was thereafter only entitled to use those proceeds to fund verified eligible costs related to the acquisition of land and the funding of public improvements. The District has issued the maximum amount of bonds.
