Road Improvements definition
Examples of Road Improvements in a sentence
The Developer shall provide performance security for the Road Improvements in a form acceptable to the City per AMC 20.12 Part IX.-Security Mechanisms, until such time as the Road Improvements are accepted by the City of Arlington.
The parties acknowledge and agree that this Agreement may be extended if necessary, to enable Developer to recoup the cost of the Road Improvements from the traffic credits remaining on Lots 2, 3, and 4.
Developer may request a tax increment reimbursement payment on or before February 1 of either the first, second, or third calendar year that begins following the date of final inspection and acceptance by the Town of the Road Improvements as selected by Developer, and Town shall commence making such payments in accordance with the provisions of this Agreement for such year and for each of the eleven calendar years that immediately follow the year when the first reimbursement request is made.
The City agrees that in lieu of payment of the full amount of Transportation Impact Fees, the developer of each lot within the BSP should receive a credit for the cost of construction for the Road Improvements and, to the extent the credits exceed the cost of construction for the Road Improvements, for the required Frontage Improvements.
To the extent the TIF Credits exceed the total amount allowed for the construction of the Road Improvements (the “Allowed Construction Amount”), the developer of Lot 2 and 3 may also utilize traffic impact fees for the frontage improvements along Smokey Point Blvd.