Termination of Guarantee. Within 60 days after final approval of the plans and execution of any documents by all parties, or upon abandonment of the conceptual plan, prior to final approval, (including abandonment due to rejection by any reviewing agency), the Village shall furnish the Developer with a statement of all such costs incurred by it with respect to such conceptual plan, certified survey map or plat. Any excess funds shall be remitted to Developer, and any costs in excess of such deposit shall be paid by the Developer. Any interest earned on said deposit shall remain the property of the Village to partially offset administrative expenses associated with planning and development.
Appears in 7 contracts
Samples: Development Agreement, Development Agreement, Pre Development Agreement
