Minimum Improvements Sample Clauses

Minimum Improvements. Developer shall have no obligation to complete any of the Improvements unless and until Developer delivers a Notice to Proceed to the City as described in Section 3.02(c)(ii) below. Developer hereby agrees that upon Developer's delivery of such a Notice to Proceed, Developer shall be deemed irrevocably obligated to complete the Minimum Improvements in accordance with the terms of this Agreement and to fund the Developer Contribution (as defined in Section 3.02

Minimum Improvements. A minimum of approximately 75 units of rental housing, 57 of which shall have 2 or more bedrooms, 15 residential townhomes and approximately 8,000 to 15,000 square feet of ground floor commercial/community space based on market demand as design advances. Developer shall install all required site improvements at its sole cost and in accordance with plans and specifications approved or to be approved through standard City procedures. Development on the Property will achieve LEED SILVER certification (or relevant equivalent) for building shell and core and incorporate sustainable design features consistent with the Enterprise Green Communities standard consistent with the “Minnesota Overlay and Guide to the Green Communities Criteria” for City- financed projects, as applicable. The design of the project will make pedestrian connections to public access improvements leading to the river (the “Project”).

Minimum Improvements. The parties hereto agree that the Redeveloper shall be solely responsible for making the following minimum improvements (the “Minimum Improvements”) as part of its redevelopment of the Project site:

Minimum Improvements. Tenant shall construct on the Premises the improvements (the “Minimum Improvements”) shown on the Development Plan, which is attached as Exhibit “D.” Tenant shall complete construction of the Minimum Improvements in accordance with the Project Schedule, which is set forth in Exhibit “E.” In addition to complying with and obtaining all approvals required by the Mesa City Code, regulations, and the City of Mesa – Falcon Field Airport Planned Area Development Design Standards, as may be amended from time to time, Tenant shall submit to Landlord a site plan, elevations, and other plans reasonably requested by the Landlord. Prior to constructing any improvements, Tenant shall obtain the written consent of the Airport Director for the construction of the development and shall obtain all necessary FAA approvals (including FAA environmental reviews and FAA’s Form 7460 approval).

Minimum Improvements. The Project shall include the following minimum improvements (the “Minimum Improvements”): (a) A market-rate (non-subsidized) multifamily residential apartment building (the “Apartment Building”) with a minimum of 40 units. (b) The quality of materials used in constructing the Apartment Building shall meet the following minimum requirements: i) quality exterior siding consisting of no-maintenance life-time product, predominately steel siding and including stone or other masonry materials; ii) roofing with a minimum 20-year guaranteed life; iii) no maintenance, quality brand windows; and iv) durable signage. (c) The Apartment Building shall include, but not be limited to, the following common amenities: i) elevator capable of holding a regular sized ▇▇▇▇▇▇; and ii) utilize Windomnet fiber-optic internet access. (d) An underground parking garage with a minimum of 35 garage stalls and comply with the City’s parking requirement. (The parking requirement for multi-family housing in the City is 2 parking spots per unit which includes garage stalls.) (e) Comply with the City’s greenspace requirement. (The greenspace requirement for R-3 in the City is a minimum of 350 square feet of greenspace per unit.)

Minimum Improvements. Subject to Unavoidable Delays, the Developer shall commence and complete construction of each Component of the Minimum Improvements in accordance with the following schedule: Hotel Improvements* April 30, 2017 April 30, 2018 Future Commercial Improvements on Lot 5 December 31, 2018 December 31, 2019 Future Commercial Improvements on Lot 4 No required date No required date *The Developer will make reasonable and good faith efforts to commence construction of the Hotel Improvements in the fall of 2016 and complete construction of the Hotel Improvements in the late summer or fall of 2017. However, in the event the Developer is unable to commence construction of the Hotel Improvements in the fall of 2016, the Developer (in its sole discretion) shall have the right to delay commencement of construction until the spring of 2017, provided that the construction commences on or before April 30, 2017. The purpose for delaying construction until the spring of 2017, if necessary, is to avoid additional costs of commencing construction during the winter months and to avoid opening the hotel in the winter months during which time the demand for hotel rooms in Northfield is generally the lowest.

Minimum Improvements. The development proposed by Developer is set forth in Exhibit B and is composed of an Open Space on the northwest corner of Buffalo and Arizona Avenue as well as one or more buildings (one of which shall be two stories with restaurant and retail uses on the ground floor), consisting of a minimum of 55,000 square feet of “shell” building space proposed for restaurant, retail and entertainment uses; and for which the second floor consists of a minimum of a 30,000 square foot multi-screen Drafthouse Cinema with at least six individual theaters totaling at least 600 seats, The aggregate of the Open Space and the two storied building shall hereinafter be referred to as the “Minimum Improvements”. The plan for the Open Space shall be determined during the rezoning process for Site 3 and included in the PDP approved by the City.

Minimum Improvements. Developer shall have no obligation to complete any of the Improvements described herein unless and until Closing occurs as described in Section 5.1 below. Developer hereby agrees that upon Closing, Developer shall be deemed irrevocably committed and obligated to the UG to complete and open all of the Improvements described in Phase 1 above in accordance with the terms of this Agreement (the "Minimum Improvements"). If Closing occurs and Developer thereafter constructs and completes at least the Minimum Improvements, Developer shall not be deemed to be in default if it elects, for any reason, not to complete any of the other Improvements described in Phase 2 above.

Minimum Improvements. Tenant shall construct on the Premises the Minimum Improvements, as defined on and shown on the development plan and drawings attached hereto and made a part hereof as Exhibit “D” (“Development Plan”). Tenant agrees to complete construction of the Minimum Improvements in accordance with the project schedule attached hereto and made a part hereof as Exhibit “E” (“Schedule of Improvements”).