Common use of Developer Contribution Clause in Contracts

Developer Contribution. Developer shall have deposited into escrow for disbursement to City at closing the sum of One Hundred Fifteen Thousand Dollars ($115,000.00) which the City will deposit in a fund to be available for use by City for the City’s Senior Safety Net Program or any other project or affordable housing program determined from time to time at City’s discretion.

Appears in 2 contracts

Sources: Disposition and Development Agreement, Disposition and Development Agreement