Multi-Use Path Extension Sample Clauses

Multi-Use Path Extension. The Property Owner shall install sidewalks on both sides of the neighborhood local streets and collector streets in accordance with the Xxxx Tract PUD. Such sidewalks may be transferred by the Property Owner to the Town or a POA, subject to proper dedication and acceptance by Town, or a POA, as required by recorded covenants. In addition, the Property Owner agrees to contribute to the Town for the extension of sidewalks or creation of multi-use trails/paths from the entrance to the Project on Xxxxxx Road to the downtown area of the Town (the “Multi-Use Path Extension”). The Property Owner’s contribution for the Extension shall consist of a fee of $75 per Residential Lot (the “Multi-Use Path Fee”). The Property Owner shall pay the Multi-Use Path Fee to the Town at the time it applies for a building permit for each Residential Lot. In consideration of the Multi-Use Path Fee, the Town agrees to cooperate with any state or local governmental entity responsible for constructing the Multi-Use Path Extension and to contribute the Multi-Use Path Fees collected under this Section 16(c) to defray the costs associated with such construction. If construction of the Multi-Use Path Extension has not commenced prior to the expiration of the term of this Agreement, the Town shall return all Multi-Use Path Fees to the Property Owner who paid such fees within thirty (30) days of the expiration of the term of this Agreement. For the purposes of this Section 16(c), commencement of construction shall occur upon clearing, grading, or excavating activities and shall not include acquisition, design, or engineering activities.
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