TO DEVELOPER. i. Developer may seek reimbursement for the oversize portion of utilities and other infrastructure and a pro rata portion of the cost of off-site Improvements required under this Agreement. At the time of final approval of a land use application for properties that use these Improvements, the Town may require, as a condition of approval, a proportional reimbursement to Developer. Nothing contained in this Agreement shall operate to create an obligation on the part of the Town to pay or reimburse any costs to Developer in the event such costs are not recovered by the Town as contemplated herein, for any reason, from the properties or property owners that use the Improvements. ii. Subject to Section 15.j. hereof, the Town shall reimburse Developer $ for . The reimbursement shall be made within 30 days of Developer's written request, provided that, if the reimbursement request is not made within 90 days of the Effective Date, Developer's right to reimbursement shall be forever waived.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement
TO DEVELOPER. i. Developer may seek reimbursement for the oversize portion of utilities and other infrastructure and a pro rata portion of the cost of off-site Improvements required under this Agreement. At the time of final approval of a land use application for properties that use these Improvements, the Town may require, as a condition of approval, a proportional reimbursement to Developer. Nothing contained in this Agreement shall operate to create an obligation on the part of the Town to pay or reimburse any costs to Developer in the event such costs are not recovered by the Town as contemplated herein, for any reason, from the properties or property owners that use the Improvements.
ii. Subject to Section 15.j. hereof, the Town shall reimburse Developer $ $___________ for _____________________. The reimbursement shall be made within 30 days of Developer's written request, provided that, if the reimbursement request is not made within 90 days of the Effective Date, Developer▇▇▇▇▇▇▇▇▇'s right to reimbursement shall be forever waived.
Appears in 1 contract
Sources: Development Agreement