Common use of Developer Responsibilities Clause in Contracts

Developer Responsibilities. During the term of this Agreement, in addition to any other responsibilities contained in this Agreement, the Developer agrees as follows: a. The Developer shall immediately terminate this Agreement pursuant to Paragraph 6(b), below, in the event the Developer decides, for any reason, to no longer pursue the Project. b. For the duration of the Agreement, the Developer shall have and maintain insurance in the amounts provided for on Attachment B. c. The Developer shall materially participate in the creation of a conceptual master plan (“Plan”) for the entire property. The plan shall include provisions for all levels of housing, including but not limited to workforce, entry level, low income, market rate, and high-income housing, as well as low density commercial use to facilitate the siting of retail business within the development. The Plan shall also include the layout of park/green spaces, streets, and public right of ways to include pedestrian pathways. The city shall have the right to adjust the proposed master plan based on needs of the city; except that once the Parties have agreed upon the Plan, the City has officially approved the Plan, and the Developer has made material investments based upon the Plan, any change or cancellation to the Plan must either be approved by both Parties, or the Developer shall be made whole within 30 days for all costs related to such material investments.

Developer Responsibilities. During the term of this Agreement, in addition to any other responsibilities contained in this Agreement, the Developer agrees as follows: a. The Developer shall immediately terminate this Agreement pursuant to Paragraph 6(b), below, in the event the Developer decides, for any reason, to no longer pursue the Project. b. For the duration of the Agreement, the Developer shall have and maintain insurance in the amounts provided for on Attachment B. c. The Developer shall materially participate in the creation of a conceptual master plan (“Plan”) for the entire property. The plan shall include provisions for all levels of housing, including but not limited to workforce, entry level, low income, market rate, and high-income housing, as well as low density commercial use to facilitate the siting of retail business within the development. The Plan shall also include the layout of park/green spaces, streets, and public right of ways to include pedestrian pathways. The city shall have the right to adjust the proposed master plan based on needs of the city; except that once the Parties have agreed upon the Plan, the City has officially approved the Plan, and the . d. The Developer has made material investments based upon the Plan, any change or cancellation shall provide evidence of initial financing of Phase I to the Plan must either be approved by both Parties, or satisfaction of the Developer shall be made whole within 30 days for all costs related to such material investmentsCity.