align="center">CHAPTER 26. SPRING LAKE SPECIFIC PLAN BUILDING UNIT ALLOCATION PROGRAM
Sec. 26-1-30. Funding LLC.
“Funding LLC” means the Spring Lake Planning Group, LLC, a
limited liability company formed by owners of parcels in the Spring Lake
specific plan for the purpose of: (1) funding development of the specific plan;
(2) funding the engineering drawings for public improvements required for the
Spring Lake specific plan; (3) indemnifying the city in connection with adoption
of the Spring Lake specific plan; and (4) qualifying its members for
“class A” priority as further defined in this chapter. (Ord. No.
1343, § 3, (part).)