Common use of Phasing Clause in Contracts

Phasing. The Development shall be constructed in phases in accordance with Exhibit B (the “Phasing Plan”), attached hereto and incorporated herein by this reference, and is subject to change with final Site Plan Documents and/or Final Plats. The following limitations and modifications shall apply to the Phasing Plan: a. Prior to the issuance of any building permits for each phase, all of the following Improvements shall be installed and shall have received preliminary approval from the Town for that Phase: streets (which may be an all-weather surface); street signage; water; wastewater; drainage facilities; utilities; and streetlights, provided that such streetlights may be temporary at the time of issuance of building permits for such phase, but must be permanent prior to issuance of any certificates of occupancy for such phase. b. A homeowner’s association created by Developer shall be responsible for maintaining all landscaped islands within all Town-owned rights-of-way and such responsibility shall be detailed in the governing documents for the Development (i.e., the covenants, conditions, and restrictions). Following recordation of the Final Plat and this Agreement, the Town shall provide a form of “Landscape Maintenance Agreement” for Developer’s review and such agreement shall be executed prior to the Town granting Acceptance of the subject Improvements. c. Phasing of improvements are listed below under Specific Requirements.

Phasing. The Development shall be constructed in phases in accordance with Exhibit B (the “Phasing Plan”), attached hereto and incorporated herein by this reference, and is subject to change with final Site Plan Documents and/or Final Plats. The following limitations and modifications shall apply to the Phasing Plan: a. Prior to the issuance of any building permits for each phase, all of the following Improvements shall be installed and shall have received preliminary approval from the Town for that Phase: streets (which may be an all-weather surface); street signage; water; wastewater; drainage facilities; utilities; and streetlights, provided that such streetlights may be temporary at the time of issuance of building permits for such phase, but must be permanent prior to issuance of any certificates of occupancy for such phase. b. A homeowner’s association created by Developer shall be responsible for maintaining all landscaped islands within all Town-owned rights-of-way and such responsibility shall be detailed in the governing documents for the Development (i.e., the covenants, conditions, and restrictions). Following recordation of the Final Plat and this Agreement, the Town shall provide a form of “Landscape Maintenance Agreement” for Developer’s review and such agreement shall be executed prior to the Town granting Acceptance of the subject Improvements. c. Phasing of improvements are listed below under Specific Requirements.

Phasing. The Development shall be constructed in phases in accordance with Exhibit B (the “Phasing Plan”), attached hereto and incorporated herein by this reference, and is subject to change with final Site Plan Documents and/or Final Plats. The following limitations and modifications shall apply to the Phasing Plan: a. Prior to the issuance of any building permits for each phase, all of the following Improvements shall be installed and shall have received preliminary approval from the Town for that Phase,: streets (which may be an all-weather surface); street signage; water; wastewater; drainage facilities; utilities; and streetlights, provided that such streetlights may be temporary at the time of issuance of building permits for such phase, but must be permanent prior to issuance of any certificates of occupancy for such phase. b. A homeowner’s association created by Developer shall be responsible for maintaining all landscaped islands within all Town-owned rights-of-way and such responsibility shall be detailed in the governing documents for the Development (i.e., the covenants, conditions, and restrictions)way. Following recordation of the Final Plat and this Agreement, [the Town shall provide a form of “Landscape Maintenance Agreement” for Developer’s review and such agreement shall be executed prior to the Town granting Acceptance of the subject Improvements. c. Phasing of improvements are listed below under Specific Requirements.Improvements.]1