Xxxxxxx Road. Design four (4) lanes and construct two (2) contiguous lanes of Xxxxxxx Road as an offset roadway from the MPUD's western boundary to the MPUD's eastern boundary. The Developer shall be entitled to design and construct Xxxxxxx Road in increments in connection with the ongoing development of the MPUD, the length of such increments to be determined by the County as necessary to serve adjacent parcels within the MPUD at the time of preliminary/construction plan approval, but in any event the Developer shall complete the design and construction of the entirety of Xxxxxxx Road within the MPUD within eighteen (18) months from the date when the construction of Xxxxxxx Road is completed to the western boundary or eastern boundary of the MPUD. In that regard, the Developer shall be entitled to construct Xxxxxxx Road in increments in connection with the ongoing development of the MPUD. In the event that one thousand (1,000) residential units located north of S.R. 56 have been platted within the MPUD and the design and construction of Xxxxxxx Road has not been completed, then Developer shall be required to post Security in an amount equal to 125% of the Cost Estimate for completing construction of the portion of the roadway not yet completed. Such Security shall be maintained in full force and effect until Xxxxxxx Road is completed within the MPUD.
Appears in 4 contracts
Samples: Roadway Development Agreement, Roadway Development Agreement, Roadway Development Agreement
