Extension of Regency Street Sample Clauses

Extension of Regency Street. Coats agrees to construct the extension of Regency Street from its current improved terminus at the tax lot identified as 171125BD1200 (more specifically known as Xxx 0 xx Xxxxxxxx Xxxxxxx Xxxxx XX) to the Coats property boundary, which is approximately 850 feet, at such time as specified in the Coats property master plan or other development approval. The timing of the Regency Street extension will be determined with the master plan submittal for the Coats Property or other development approval based on the development layout and proposed phasing schedule. The Parties agree that the Regency Street right-of-way will be a maximum of 70 feet wide and that the City will not require more than a maximum 36-foot-wide paved roadway unless required for traffic calming or pedestrian safety. The extension of Regency Street is currently not on the TSDC Project List and is therefore not eligible to receive TSDC credits for the construction of this improvement. If, because of a future update to the TSDC methodology this improvement is added to the TSDC Project List before commencement of construction of the improvement, the Party constructing the improvement may apply for TSDC credits based on the City's TSDC methodology and code in effect at that time.
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