Examples of Contracting Person in a sentence
The rights of the Contracting Person and the County will be governed by the terms of the Interim Agreement, which must be in writing.
By way of example, where appropriate and available, the County may contribute off-site parcels of real property to a Contracting Person in exchange for the Contracting Person to design, construct, finance, operate and maintain a Proposed Project.
Lease Payment: Any form of payment, including a land lease, by a governmental or private entity to the Contracting Person and/or the County for the use of a Proposed Project.Lifecycle Cost Analysis: An analysis calculating the cost of an asset over its entire life span, including the cost of planning, constructing, operating, maintaining, and replacing the asset, estimates of sufficient capital improvement reserves, and, when applicable, salvaging the asset.
Terms will also include the County’s right to inspect construction, operations and maintenance as well as the records relating to the cost of such operations; periodic financial reporting by the Contracting Person of project financial performance; events of default and the parties’ rights and responsibilities in the event of same; fees, Lease Payments or service payments to be paid under the Agreement; and any other terms the County deems appropriate for the Proposed Project.
Terms will also include the County’s review, approval, and control of project design and performance standards for construction, operations, and maintenance, for which compensation to the Contracting Person may be adjusted should the performance standards not be met.