No Obligation to Construct. This Contract sets forth the terms and conditions for construction of the Utility Improvements, and pass-through from the City to Utility Developer of payments made by other developers to the City for Adjusted Reimbursable Costs of the Utility Improvements. This Contract does not obligate Utility Developer to undertake the Project, and it does not obligate the City to remit Reasonable Infrastructure Payments in the event the Project is not undertaken, or if the Project is not completed within a Reasonable Time Period for Completion.
Appears in 2 contracts
Sources: Construction Contract, Construction Contract