Common use of Phasing of Public Improvements Clause in Contracts

Phasing of Public Improvements. 8.1.2.1 The timing for construction of certain infrastructure required to serve The Project is set forth in the Infrastructure Phasing Plan (Exhibit E). The timing of other infrastructure improvements may be specified in the Collective Standards. Except as provided by written waiver by the Town, no building permit shall be issued within a particular phase of the Project, unless and until all public infrastructure improvements necessary to serve that phase of the Project, as identified by Exhibit E and/or the Collective Standards, have been substantially completed and accepted by the Town, or a secured deferred improvement agreement has been entered into by Town and Developer. 8.1.2.2 The Parties acknowledge that further analysis may result in a more efficient and/or cost-effective infrastructure phasing strategy. Modifications to the timing for construction of infrastructure may be approved by the Town in the reasonable exercise of its discretion, depending on the phasing of development pursued by the Developer, except as provided in Section 8.1.2.3 below.