Common use of Infrastructure Improvements Clause in Contracts

Infrastructure Improvements. Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Oakwood Neighborhood, electric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, sidewalks, street lighting, landscaping, and a traffic signal, as approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 4, a portion of Evergreen Avenue right of way, a portion of ▇▇▇▇▇▇ Avenue right of way, a portion of Abbot Road right of way, and a portion of the DDA Property as shown on the approved Site Plan. The portion of the DDA ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Property necessary for the realignment of ▇▇▇▇▇▇ Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the DDA to the City in accordance with the terms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer, at its option, may lease from the DDA commercial space in the building at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, if available at the time, for use as construction or leasing offices during construction of the Project at normal rental rates or as otherwise agreed upon by the Developer and the DDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed and financed by the Developer in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards. The financing shall be reimbursed as set forth in subsection 5 and Section II, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines.

Infrastructure Improvements. Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Oakwood Neighborhood, electric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, sidewalks, street lighting, landscaping, and a traffic signal, as approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 4, a portion of Evergreen Avenue right of way, a portion of ▇▇▇▇▇▇ Avenue right of way, a portion of Abbot Road right of way, and a portion of the DDA Property as shown on the approved Site Plan. The portion of the DDA ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Property necessary for the realignment of ▇▇▇▇▇▇ Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the DDA to the City in accordance with the terms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer, at its option, may lease from the DDA available commercial space in the building at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, if available at the time, ▇ for use as construction or leasing offices during construction of the Project at normal rental rates or as otherwise agreed upon by the Developer and the DDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed by the Developer and financed by the Developer and the City in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards. The financing shall be , and reimbursed as set forth in subsection 5 and Section II, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines.

Infrastructure Improvements. Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Oakwood Neighborhoodneighborhood, electric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, on-street parking requirements, sidewalks, street lighting, landscaping, traffic signals and a traffic signalcontrols, and surface parking lots as approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 44 and Parking Lot 8, a portion of Evergreen Avenue right of way, a portion of ▇▇▇▇▇▇ Avenue right of way, a portion of Abbot Road right of way, and a portion of the DDA Property as shown on the approved Site Plan. The portion of the DDA ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ property, and portions of the DDA Property at 314, 328, 334, and ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (the “DDA Evergreen Property”) as shown on the approved Site Plan. The portion of the DDA 303 Abbot Property necessary for the realignment of ▇▇▇▇▇▇ Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the DDA to the City, and the surface parking lots constructed on the DDA Evergreen Property shall be transferred or leased by the DDA to the City and operated by the City, in accordance with the terms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer may lease up to 75 parking spaces in the surface parking lots constructed as part of the Infrastructure Improvements or any subsequent parking structure with parking at the then existing regular monthly market rate, which shall be used for customers or occupants of Building A. Developer shall notify the City by August 15th of each year as to whether the Developer intends to exercise this option. If the Developer fails to notify the City that it intends to exercise this option, the City is free to lease these spaces in accordance with this agreement. The City will manage the surface parking in such manner as the City determines to be in its best interest. If after something other than a surface lot or parking structure with parking, the Developer may available under these same terms and conditions. The Developer, at as its option, may lease from the DDA available commercial space in the building at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, if available at the time, ▇ for use as construction or leasing offices during construction of the Project at normal rental rates or as otherwise agreed upon by the Developer and the DDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed by the Developer and financed by the Developer and the City in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards. The financing shall be , and reimbursed as set forth in subsection 5 and Section II4, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines. The development costs for the Infrastructure Improvements are estimated to be Six Million Four Hundred Fourteen Thousand One Hundred Fourteen Dollars ($6,414,114).

Infrastructure Improvements. Infrastructure improvements shall be completed to replace aged sewer and water systems that in part serve the Oakwood Neighborhood, electric and gas service, and cable, telecommunications, Internet, and other services, demolition and construction of roadway, sidewalks, street lighting, landscaping, and a traffic signal, as approved by the City, DDA and ELBRA, (the “Infrastructure Improvements”). The Infrastructure Improvements will be constructed by the Developer for the City on portions of the Developer’s Property, portions of the City Property now known as Parking Lot 4, a portion of Evergreen Avenue right of way, a portion of ▇▇▇▇▇▇ Avenue right of way, a portion of Abbot Road right of way, and a portion of the DDA Property as shown on the approved Site Plan. The portion of the DDA ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Property necessary for the realignment of ▇▇▇▇▇▇ Avenue as shown on Exhibit D shall be transferred or otherwise dedicated by the DDA to the City in accordance with the terms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F. The Developer, at its option, may lease from the DDA available commercial space in the building at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, if available at the time, for use as construction or leasing offices during construction of the Project at normal rental rates or as otherwise agreed upon by the Developer and the DDA. In the event the DDA obtains a request from another entity to rent the available commercial space, Developer shall first be offered the available commercial space at the rate agreed upon by the other entity. Upon notification, Developer shall have 10 business days within which to notify the DDA of its decision to rent the premises. Otherwise the DDA may rent the space to the other entity. The Infrastructure Improvements shall be constructed by the Developer and financed by the Developer and the City in accordance with this Agreement, Exhibit D, and the City’s ordinances and engineering standards, and. The financing shall be reimbursed as set forth in subsection 5 and Section II, below. Except as specified in the approved Site Plan, streetscape improvements shall be designed and constructed in compliance with the East Lansing Urban Design Guidelines.