Common use of Formal Acceptance Clause in Contracts

Formal Acceptance. Upon recommendation of the Town Planner or her designee, the BOMA may approve acceptance of the Project, including the release of the Maintenance Security, and assume full ownership and maintenance responsibility for all public improvements associated with the Project, if the BOMA determines that acceptance of the dedication of the Public Improvements by the Developer is warranted under Town Regulations and applicable State and Federal laws.

Appears in 7 contracts

Samples: Development Agreement, Subdivision Development Agreement, Development Agreement

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