Completion Guaranty. The Developer hereby guarantees to the District the completion of the Public Infrastructure listed in Exhibit C, even if the actual cost to construct the Public Infrastructure exceeds the available bond proceeds in unrestricted accounts. Developer acknowledges that the Developer is financially invested in the property within the District, and that the construction of the Public Infrastructure will provide a substantial material direct benefit to Developer.
Appears in 3 contracts
Sources: Infrastructure Acquisition and Reimbursement Agreement, Infrastructure Acquisition and Reimbursement Agreement, Infrastructure Acquisition and Reimbursement Agreement
Completion Guaranty. The Developer hereby guarantees to the District the completion of the Public Financed Infrastructure listed in Exhibit C, even if the actual cost to construct the Public Financed Infrastructure exceeds the available bond proceeds in unrestricted accounts. Developer acknowledges that the Developer is financially invested in the property within the District, and that the construction of the Public Financed Infrastructure will provide a substantial material direct benefit to Developer.
Appears in 1 contract
Sources: Infrastructure Acquisition and Reimbursement Agreement