Common use of Construction Deadline Clause in Contracts

Construction Deadline. All of the physical improvements required to be constructed by the Developer shall be accomplished in accordance with the following schedule. If the Developer has not performed all work as scheduled, the Town Board, may at its option, contract to have the work completed and pay for this work out of the Developer’s Financial Guaranty. Any funds remaining on deposit after completion of all work and acceptance of all work by the Town Board, shall be refunded to the Developer. No building permits for the construction of new homes in the plat will be issued until the platted roads have been constructed to the specifications required for the subgrade for bituminous surfaced roads in Springvale Township, and the following certification has been signed by the Developer and the Town Board or its agents. Developer: Date: Town Board or Agent: Date: The Construction Schedule shall be: (insert dates) A. Completion of grading and road subgrade by . B. Completion of aggregate base and first lift bituminous by . C. Completion of final lift bituminous and project restoration prior to , as authorized by Township.

Construction Deadline. All of the physical improvements required to be constructed by the Developer shall be accomplished in accordance with the following schedule. If the Developer has not performed all work as scheduled, the Town Board, ,may at its option, contract to have the work completed and pay for this work out of the Developer’s Financial Guaranty. Any funds remaining on deposit after completion of all work and acceptance of all work by the Town Board, shall be refunded to the Developer. No building permits for the construction of new homes in the plat will be issued until the platted roads have been constructed to the specifications required for the subgrade for bituminous surfaced roads in Springvale Township, and the following certification has been signed by the Developer and the Town Board or its agents. Developer: Date: Town Board or Agent: Date: The Construction Schedule shall be: (insert dates): A. Completion of grading and road subgrade by . B. Completion of aggregate base and first lift bituminous by . C. Completion of final lift bituminous and project restoration prior to , as authorized by Township.