Common use of Application of Credits Clause in Contracts

Application of Credits. The value of the mitigation credits as determined above shall be applied as follows: 1) First: to the property dedication/donation; and 2) Nothing in this Agreement shall preclude the [ ] from entering into a contract with a developer for the reimbursement of

Application of Credits. The value of the mitigation credits as determined above shall be applied as follows: 1) First: to the property dedication/donation; andand Second: to the mitigation construction, such as for frontage improvements, channelization, and/or signalization. Developer shall pay any remaining balance. 2) Nothing in this Agreement shall preclude the [ ] from entering into a contract with a developer for the reimbursement ofof a portion of the uncredited costs (latecomer agreement) pursuant to chap. 35.72