Obligation to Xxxxxxxxx Xxxx 0 and Road 2 Sample Clauses

Obligation to Xxxxxxxxx Xxxx 0 and Road 2. JAC or its assigns shall cause to be constructed certain portions of Road 1 or Road 2 following final approval, execution, and recordation of the first subdivision plat for any portion(s) of the FDP Properties for which access is provided by Road 1 or Road 2, respectively. Such portions of Road 1 or Road 2 shall be completed prior to the Town’s issuance of any building permits for structures to be accessed xxx Xxxx 0 or Road 2, respectively. Road 1 and Road 2 may be constructed in phases, so long as those portions of Road 1 and Road 2 which are necessary to serve any structures are completed prior to the issuance of building permits for such structures. Notwithstanding the foregoing, however, Road 2 is required to be constructed and completed at or before completion of the Road 1 bridge over the Union Pacific Railroad right-of-way. The cost of construction of the Road 1 right-of-way bridge shall be the obligation of JAC or its assigns, with the Town contributing the sum of $800,000 toward hard and soft construction costs upon preliminary acceptance of the bridge by the Town. All portions of Xxxx 0 xxx Xxxx 0 xxxxx xx constructed as permanent roads according to Town standards in effect at the time of dedication. Road 2 is only required to be completed and dedicated to the Town at the time of dedication of Road 1 only if Road 1 and the bridge over the Union Pacific Railroad right-of-way are constructed and dedicated to the Town. In addition to the foregoing, Road 1 is required to include a divided median in a portion of Road 1 that is located south of Road 2, the cost of construction of which shall be the obligation of JAC or its assigns. The maintenance, repair and replacement of the Road 1 divided median will not be the Town’s responsibility and shall be assigned to the Master Owner’s Association or a District.
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Related to Obligation to Xxxxxxxxx Xxxx 0 and Road 2

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