Developer Participation Agreement definition

Developer Participation Agreement means an agreement between the City and Developer for the construction of public improvements, not including a building, related to the development with a participation limit by City of thirty percent (30%) of the total contract price and which complies with all requirements of Subchapter C, “Developer Participation in Contract for Public Improvements” of Chapter 212, “Municipal Regulation of Subdivisions and Property Development of the Texas Local Government Code, as amended. "Direct Payment Permit" also referred to herein as a "Texas Direct Payment Permit" means that permit issued by the State of Texas authorizing the Developer to self-assess and pay applicable state and local use taxes directly to the State of Texas related to selected portions of the Developer's taxable purchases. Texas Rule 3.288 of the Texas Administrative Code defines the requirements and responsibilities of Texas Direct Payment Permit holders along with any amendments, permutations, or recodifications of such Code or Rules whether renaming such permits or otherwise modifying such provisions.
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Developer Participation Agreement means agreements to be entered into between the Agency and Property Owners regarding the Property Owners’ financial contribution to the Project.
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Examples of Developer Participation Agreement in a sentence

  • Developer shall be responsible for payment of costs for the Drainage Improvements in excess of the amount due and payable by City under this Agreement and the Developer Participation Agreement.

  • The maximum amount of City’s payment to Developer under the Developer Participation Agreement and this Agreement for the costs of Drainage Improvements shall be an amount equal to the lesser of thirty (30%) of Developer’s total contract cost of Drainage Improvements or a maximum payment of One Hundred Thousand Dollars ($100,000.00).

  • Subject to the terms and conditions of this Agreement and a subsequently executed Developer Participation Agreement, the City agrees to provide to the Developer a Drainage Improvement Grant Payment, pursuant to the terms of this Section, as an economic development incentive.

  • The Drainage Improvements Grant Payment shall be made by the City to the Developer pursuant to the terms of the Developer Participation Agreement within (30) days after the construction of the Drainage Improvements are complete and have been accepted by the City.

  • To the extent assignable, within 30 days after the execution of each of the Development Participation Agreement and/or the TIRZ Agreement (or similar document), as applicable, Borrower shall also execute a collateral assignment of the Developer Participation Agreement or the TIRZ Agreement, as applicable, in form and substance acceptable to Lender.