Skyline Ranch Road/Xxxxxxx Park Road Roundabout Sample Clauses

Skyline Ranch Road/Xxxxxxx Park Road Roundabout. Coats will construct a single-lane asphalt roundabout at the Skyline Ranch Road/Xxxxxxx Park Road intersection as generally depicted on Exhibit L when lots are platted or improved within the Coats Property that represent 50 percent of the total of PM peak hour trips projected to be generated by the development of the Coats Property as established in the Kittelson Study (237 of 475 combined total PM peak hour trips). As provided in Section 4.1.6 of this Agreement, no party shall complete the connection from Skyline Ranch Road to Xxxxxxx Park Road until the Skyline Ranch Road/Xxxxxxx Park Road roundabout has been completed. The obligation to pay for and construct this roundabout shall run with the Coats Property. If Coats and/or Coats' successors in interest fail to construct this roundabout by the deadline established in this section, the City may refuse to approve additional plats or development applications not associated with an approved plat on the Coats Property until this roundabout is constructed and accepted by the City. The Skyline Ranch Road/Xxxxxxx Park Road intersection roundabout is currently not on the City's Transportation System Development Charge ("TSDC") Project List and is therefore not eligible to receive TSDC credits for the construction of this improvement. If, because of a future update to the TSDC methodology, this improvement is added to the TSDC Project List before commencement of construction of the improvement, the Party constructing the improvement may apply for TSDC credits based on the City's TSDC methodology and code in effect at that time.
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