Common use of Prior Services Clause in Contracts

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Apartment Housing. Such services (the "Prior Services") have included the following. (1) Services Rendered Prior to Date Hereof. (A) Developer has negotiated and conferred with the Contractor and recommended to the Owner to enter into a construction contract with the Contractor for the building of the Apartment Housing. (B) Developer has: estimated the cost of construction; determined the construction period; prepared a monthly-estimated construction chart reflecting the construction services required each month; and prepared a preliminary construction budget. (C) Developer has reviewed the plans and specifications for compliance with design criteria and construction contracts. (D) Developer has established a central control file of all design, engineering and development documents, including contracts, plans and specifications. (E) Developer has negotiated and conferred with public authorities relating to traffic control, flood control and other matters affecting the development of the Apartment Housing. (F) Developer has negotiated and conferred with an architect and recommended to the Owner to execute an architectural contract for the planning and design of the Apartment Housing.

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Apartment Housing. Such services (the "Prior Services") have included the following. (1) Services Rendered Prior to Date Hereofthe date hereof. (A) Developer has negotiated and conferred with the identified a Contractor and recommended to the Owner to enter into a construction contract with the Contractor for the building of the Apartment Housing. (B) Developer has: has estimated the cost of construction; determined the construction period; prepared a monthly-estimated construction chart reflecting the construction services required each month; and prepared a preliminary construction budgetDevelopment Budget. (C) Developer has reviewed the plans and specifications for compliance with design criteria and construction contracts. (D) Developer has established a central control file of all design, engineering and development documents, including contracts, plans and specifications. (E) Developer has negotiated and conferred with public authorities relating to traffic control, flood control and other matters affecting the development of the Apartment Housing. (F) Developer has negotiated and conferred with identified an architect and recommended to the Owner to execute an architectural contract for the planning and design of the Apartment Housing. (E) Developer has placed its own capital at risk in anticipation of the Apartment Housing being constructed, leased and Tax Credits awarded. (F) Developer has negotiated and conferred with an insurance carrier to provide a builder's risk policy during construction.

Prior Services. Owner acknowledges that Developer has, prior to the date hereof, performed substantial development services relating to the Apartment Housing. Such services (the "Prior Services") have included the following. (1) Services Rendered Prior to Date HereofDecember 31, 1999. (A) Developer has negotiated and conferred with the Contractor and recommended to the Owner to enter into a construction contract with the Contractor for the building of the Apartment Housing. (B) Developer has: estimated the cost of construction; determined the construction period; prepared a monthly-monthly- estimated construction chart reflecting the construction services required each month; and prepared a preliminary construction budget. (C) Developer has reviewed the plans and specifications for compliance with design criteria and construction contracts. (D) Developer has established a central control file of all design, engineering and development documents, including contracts, plans and specifications. (E) Developer has negotiated and conferred with public authorities relating to traffic control, flood control and other matters affecting the development of the Apartment Housing. (F) Developer has negotiated and conferred with an architect and recommended to the Owner to execute an architectural contract for the planning and design of the Apartment Housing.