Conditions of Approval. WFV will commence construction during the spring of 2018
and complete construction prior to August 1, 2018, and upon completion thereof and
acceptance by the City wiil constitute satisfaction of the required Offsite improvements.
Except for the construction costs being contributed by the City as provided below, WFV
will be responsible for the construction costs of the Offsite Improvements.
2. City’s Contribution. The City agrees to contribute the sum of $40,000.00
to the construction costs of the Offsite Improvements. The City,will pay the $40,000.00
contribution to construction costs in accordance with the folloyirs ‘schedule:
a. $10,000.00 at the time that WFV commences construction of the
Offsite Improvements. Commencement of construetion shall be evidenced by the
issuance of a permit by the appropriate department of the City for the construction, or, if
a permit is not so required, then by actual commengement of constrain.
b. $30,000.00 upon completion of the Offsite Improvements by WFV
and satisfactory inspection by the City’s Engineering Department, which inspection will
be done no later than two (2) weeks after WFV has notified the Engineering
Department that it has completed Pee Giisite Improvements.
Cc, The City shall ay y the Bontributione: in subparagraphs a. and b.,
above, by checks payable to White Family Ventures, LLCe Payment shall be made to
WEFV within five (5) days after commencement uP construction or satisfactory inspection
of completed work, as the case ney be.
_ White Family Ventures, LLC
By:
Amos T. White III, Member
City of Nashua
By:
Its:
WFV, Etchstone, 11-17 \ Sidewalk Agt
FA2017\17-236\documents\Sidewalk Agt [mah redine 10-20-17].doc
