Concurrency. The Owners performed a Traffic Impact Study (dated November 6, 2006). Pursuant to the improvements contained in the Traffic Impact Study, the Concurrency shall be granted upon the filing of the Master Tract Plat within 6 months from the effective date of this Agreement. Upon satisfying the foregoing condition, Concurrency shall be granted for a period of 2 years after which the Owner may extend concurrency for the Project for a period of 1 year upon payment of 25% of the Project's remaining impact fees. A current traffic study or traffic impact analysis shall be submitted for each phase of development. Concurrency shall be evidentevaluated at the time of preliminary plat and/or in Site Plan approvalreview.
Appears in 2 contracts
Sources: Master Planned Development Agreement, Master Planned Development Agreement