Ready for Development definition

Ready for Development means that factors and conditions in the present and reasonably foreseeable marketplace, including environmental factors, transportation demand and financial markets, and the political environment, appear to be conducive to proceeding with planning, permitting, design and other efforts to prepare a Facility for Close of Finance, construction and operation. It is anticipated that a Facility can be Ready for Development even though the duration of time to Close of Finance may be significant; and the parties recognize that after a Facility is found Ready for Development intervening changes in circumstances could occur that inhibit or delay Close of Finance. Unless otherwise approved by TxDOT in its sole discretion, a proposed toll Facility located within the boundaries of any local toll project entity shall not be considered Ready for Development unless and until all conditions for TxDOT’s development of the Facility as a toll project set forth in applicable Laws have been satisfied.
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Ready for Development means the Project Site is ready for 4 commencement of construction of horizontal or vertical improvements thereon, including both Public 5 Improvements and Private Improvements.
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Ready for Development with respect to any Property means that such Property has all development infrastructure in place, including roads, utilities and storm-water management (in each case, pursuant to and in accordance with all current (as of the Effective Date) applicable laws), and has been accepted by the Member who does not own such Property, in its reasonable discretion, as being readily able to be developed as contemplated by this Agreement. The standards for determining whether a Property is Ready for Development include the following standards:
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Examples of Ready for Development in a sentence

  • The elements of the Facility Work to be performed prior to approval of a Facility Implementation Plan include Work (i) required for determining when Facilities are Ready for Development, (ii) required for preparing written requests for authorization from TxDOT to proceed with preparation of a Facility Implementation Plan, and (iii) relating to discussions, negotiations and preparation of Facility Implementation Plans.

  • TxDOT expects that the Project Management Plan will evolve as Facilities evolve and become Ready for Development and that development of the documents will be a collaborative effort between the parties.

Related to Ready for Development

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Low Impact Development or “LID” means a site design strategy that maintains, mimics or replicates pre- development hydrology through the use of numerous site design principles and small-scale treatment practices distributed throughout a site to manage runoff volume and water quality at the source.

  • Commencement of Development means the date on which any material operation (as defined in Section 56(4) of the Act) forming part of the Development is begun other than (for the purposes of this Undertaking and for no other purpose) operations consisting of site clearance, demolition work, archaeological investigations, investigations for the purpose of assessing ground conditions, remedial work in respect of any contamination or other adverse ground conditions, diversion and laying of services, erection of any temporary means of enclosure, the temporary display of site notices or advertisements and “Commence Development” and similar expressions shall be construed accordingly

  • Development Area means that area to which a development plan is applicable.