Common use of Completion of Private Improvements Clause in Contracts

Completion of Private Improvements. A. Upon a finding of satisfactory completion of the Private Improvements in compliance herewith and all applicable ordinances, regulations, and applicable permits issued by the City and the Standards and Specifications of the City, the City shall issue a Letter of Completion to the Developer. B. If at any time prior to a request for the Letter of Completion of any of the Private Improvements that are constructed or partially constructed, the Developer ceases construction for such Private Improvements, such cessation of work shall constitute a material breach and unless corrected as provided by Section 15.00, the City may declare the Developer in default of the Agreement in accordance with Section 15.00. C. Upon issuance of the Letter of Completion, the City shall release all Performance Guarantees being held for assurances of completion for the Private Improvements.

Completion of Private Improvements. A. Upon a finding of satisfactory completion of the Private Improvements in compliance herewith and all applicable ordinances, regulations, and applicable permits issued by the City and the Standards and Specifications of the City, the City shall issue a Letter of Completion to the Developer. B. If Provided, however, if at any time prior to a request for the Letter of Completion of any of the Private Improvements that are constructed or partially constructed, the Developer ceases construction for such Private Improvements, such cessation of work shall constitute a material breach and unless corrected as provided by Section 15.00, the City may declare the Developer in default of the Agreement in accordance with Section 15.00. C. Upon issuance of the Letter of Completion, the City shall release all Performance Guarantees being held for assurances of completion for the Private Improvements.