County Acceptance of Completed Infrastructure. The Owner may submit a request to the County for approval of completed infrastructure on a line-item basis as completions are accomplished. The Owner shall also provide documentation from an Idaho Registered Engineer certifying that the improvements have been completed in general compliance with the design. Upon the County’s acceptance of the infrastructure, the County shall provide written acceptance of the completed infrastructure and release any Letter of Credit, or portion thereof, for that specific infrastructure/line-item. The County shall retain twenty-five percent (25%) of the original amount of the line item until the one year warranty period has expired, at which time said amount will be released to the Owner.
Appears in 2 contracts
Samples: Development Agreement, Development Agreement
County Acceptance of Completed Infrastructure. The Owner may submit a request to the County for approval of completed infrastructure on a line-item basis as completions are accomplished. The Owner shall also provide documentation from an Idaho Registered Engineer certifying that the improvements have been completed in general compliance with the design. Upon the County’s acceptance of the infrastructure, the County shall provide written acceptance of the completed infrastructure and release any Letter Lletter of CreditCcredit, or portion thereof, for that specific infrastructure/line-item. The County shall retain for draw on the letter of credit twenty-five percent (25%) of the original amount of the original line item until the one year warranty period has expired, at which time said amount will be released from any letter of credit to the Owner.
Appears in 1 contract
Samples: Development Agreement
County Acceptance of Completed Infrastructure. The Owner may submit a request to the County for approval of completed infrastructure on a line-item basis as completions are accomplished. The Owner shall also provide documentation from an Idaho Registered Engineer certifying that the improvements have been completed in general compliance with the design. Upon the County’s acceptance of the infrastructure, the County shall provide written acceptance of the completed infrastructure and release any Letter letter of Creditcredit, or portion thereof, for that specific infrastructure/line-item. The County shall retain for draw on the letter of credit twenty-five percent (25%) of the original amount of the original line item until the one year warranty period has expired, at which time said amount will be released from any letter of credit to the Owner.
Appears in 1 contract
Samples: Development Agreement