Common use of Payment to Developer Clause in Contracts

Payment to Developer. Exhibit “C” attached hereto designates the costs for construction of the Improvements. City shall deliver to Developer full payment of the City’s share of the costs of construction of the Improvements following submittal and review of documentation showing final, actual construction costs paid by the Developer. The City Engineer shall review the construction documents, conduct a final inspection on the Improvements, noting any required corrections or repairs, and make a recommendation to City Council on acceptance of the Improvements. Upon action by City Council accepting such Improvements, the City will pay to Developer the City’s share of the costs. Any additional costs above those enumerated, or above the amounts described in Exhibit “C” must be approved by the City prior to being incurred.

Payment to Developer. Exhibit “CB” attached hereto designates the proportional split in costs for construction of the Improvements. City shall deliver to Developer full payment of the City’s share of the costs of construction of the Improvements following submittal and review of documentation showing final, actual construction costs paid by the Developer. The City Engineer Director of Engineering & Planning shall review the construction documents, conduct a final inspection on the Improvements, noting any required corrections or repairs, and make a recommendation to City Council on acceptance of the Improvements. Upon action by City Council accepting such Improvements, the City will pay to Developer the City’s share of the costs. Any additional costs above those enumerated, or above the amounts described in Exhibit “CB” must be approved by the City prior to being incurred.