Construction of Public Improvements. In consideration for the Town’s approval of the Development Guide Agreement, including the FDP, the applicable Owner or the Districts shall construct and install, or cause to be constructed and installed, all of the Public Improvements described in Section 5 in accordance with the terms of that Section, the Town’s applicable ordinances, codes and regulations and all other applicable law, except as otherwise provided herein and in the Development Guide Agreement. When this Agreement and the Development Guide Agreement are silent as to applicable standards, the Town Code as well as the Town’s other ordinances, codes and regulations, as may be amended from time to time, shall control. With each final plat application, the applicable Owner shall submit or cause to be submitted a development improvements agreement, in a form approved by the Town, to guarantee the construction of the Public Improvements associated with that final plat application. Acceptable forms of collateral security for the guarantee include a separate letter of credit or other acceptable collateral approved by the Town guaranteeing the completion of the Public Improvements.
Appears in 4 contracts
Samples: Annexation Agreement, Annexation Agreement, Annexation Agreement
