Parking Construction Cost definition
Parking Construction Cost means twenty five thousand dollars ($25,000) for each ground-level or above-ground Parking Space, and thirty five thousand dollars ($35,000) for each below-ground Parking Space, as the same may be adjusted (i) on the fifth anniversary of the Effective Date and each fifth anniversary thereafter with reference to the California Construction Cost Index as published by ▇▇▇.▇▇▇ (Engineering News Record), or an alternative construction cost index Approved by Developer or Vertical Developer, as applicable, and the Agency Director or (ii) with respect to a particular Residential Project, as Approved by Developer or Vertical Developer, as applicable, and the Agency Director.
Parking Construction Cost means $25,000 for a ground-level or above-ground Parking Space, and $35,000 for a below-ground Parking Space, as the same may be adjusted (i) on June 3, 2015 and each fifth anniversary thereof with reference to the California Construction Cost Index as published by ENR.com (Engineering News Record), or an alternative construction cost index reasonably approved by Owner and the Agency Director.
Parking Construction Cost means $25,000 for a ground-level or above-ground Parking Space, and $35,000 for a below-ground Parking Space, as the same may be adjusted (i) on June 3, 2015 and each fifth anniversary thereof with reference to the California Construction Cost Index as published by ▇▇▇.▇▇▇ (Engineering News Record), or an alternative construction cost index reasonably approved by Owner and the Agency Director.