Soil Correction definition
Examples of Soil Correction in a sentence
This Development Agreement is intended to offset extraordinary Soil Correction costs associated with construction of Minimum Improvements.
Pursuant to the TIF Plan, the EDA shall make TIF assistance available to Developer, on a pay-as-you-go basis, in a cumulative, total amount up to and not to exceed the sum of $950,000.00 and the actual amount of Soil Correction Costs paid by Developer (such sum is hereinafter referred to as the “TIF Reimbursement Cap”), to reimburse Developer for soil correction, site improvements, and other costs eligible for TIF reimbursement under Minnesota law and first paid by ▇▇▇▇▇▇▇▇▇(“Eligible Costs”).
The City/EDA will reimburse Developer for these eligible Soil Correction Costs through TIF payments as described below in Section 3.5.b.