Common use of Project Performance Milestones Clause in Contracts

Project Performance Milestones. A. Subrecipient shall record in the applicable County Recorder’s office the DR-MHP Regulatory Agreement, substantially in the form provided by the Department, against the property before construction begins but not more than 180 days subsequent to the issuance of a Notice to Proceed by the Department. The DR-MHP Regulatory Agreement shall have priority over other liens, encumbrances, and other matters of record except as may be approved by the Department. Exceptions to the position of the DR-MHP Regulatory Agreement must be approved in writing and in advance by the Department. B. Subrecipient shall execute a Development Agreement (defined below) with the Developer no later than XX/XX/XXXX. C. All DR-MHP units must be leased to qualified households within eighteen

Project Performance Milestones. A. Subrecipient shall record in the applicable County Recorder’s office the DR-MHP Regulatory Agreement, substantially in the form provided by the Department, against the property before construction begins but not more than 180 days subsequent to the issuance of a Notice to Proceed by the Department. The DR-MHP Regulatory Agreement shall have priority over other liens, encumbrances, encumbrances and other matters of record except as may be approved by the Department. Exceptions to the position of the DR-MHP Regulatory Agreement must be approved in writing and in advance by the Department. B. Subrecipient shall execute a Development Agreement (defined below) with the Developer no later than XX/XX/XXXX. C. All DR-MHP units must be leased to qualified households within eighteen18 months of construction completion (as identified by a Certificate of Occupancy from the local permitting agency) or by March 1, 2025, whichever comes first. [Additional Milestones to be developed based on Project Application and Schedule]

Project Performance Milestones. A. Subrecipient shall record in the applicable County Recorder’s office the DR-MHP Regulatory Agreement, substantially in the form provided by the Department, against the property before construction begins but not more than 180 days subsequent to the issuance of a Notice to Proceed by the Department. The DR-MHP Regulatory Agreement shall have priority over other liens, encumbrances, and other matters of record except as may be approved by the Department. Exceptions to the position of the DR-MHP Regulatory Agreement must be approved in writing and in advance by the Department. B. Subrecipient shall execute a Development Agreement (defined below) with the Developer no later than XX/XX/XXXX. C. All DR-MHP units must be leased to qualified households within eighteeneighteen (18) months of construction completion (as identified by a Certificate of Occupancy from the local permitting agency) or by May 31, 2026, whichever comes first. [Additional Milestones to be developed based on Project Application and Schedule]

Project Performance Milestones. A. Subrecipient shall record in the applicable County Recorder’s office the DR-MHP Regulatory Agreement, substantially in the form provided by the Department, against the property before construction begins but not more than 180 days subsequent to the issuance of a Notice to Proceed by the Department. The DR-MHP Regulatory Agreement shall have priority over other liens, encumbrances, encumbrances and other matters of record except as may be approved by the Department. Exceptions to the position of the DR-MHP Regulatory Agreement must be approved in writing and in advance by the Department. B. Subrecipient shall execute a Development Agreement (defined below) with the Developer no later than XX/XX/XXXXApril 6, 2022. C. All DR-MHP units must be leased to qualified households within eighteen18 months of construction completion (as identified by a Certificate of Occupancy from the local permitting agency) or by March 1, 2025, whichever comes first.

Project Performance Milestones. A. Subrecipient shall record in the applicable County Recorder’s office the DR-MHP Regulatory Agreement, substantially in the form provided by the Department, against the property before construction begins but not more than 180 days subsequent to the issuance of a Notice to Proceed by the Department. The DR-MHP Regulatory Agreement shall have priority over other liens, encumbrances, encumbrances and other matters of record except as may be approved by the Department. Exceptions to the position of the DR-MHP Regulatory Agreement must be approved in writing and in advance by the Department. B. Subrecipient shall execute a Development Agreement (defined below) with the Developer no later than XX/XX/XXXX. C. All DR-MHP units must be leased to qualified households within eighteen