Post Construction Obligations. The City agrees that Xxxx’x sole obligation with respect to the Improvements after completion of each component thereof will be to provide a customary 1-year warranty bond against defects in initial construction (12% of public Improvement costs). In no event will the City condition acceptance of any of the Improvements on Xxxx providing any other warranty or on Xxxx maintaining the Improvements (whether before or after the City’s acceptance of same).
Appears in 4 contracts
Samples: Development Agreement, Development Agreement, Development Agreement