Development Covenants. Developer shall, at its own cost, prepare and submit to the Town for prior approval a declaration(s) of restrictive covenants-and easements with respect to the Project that provides for the operation, maintenance, repair, and replacement (and the funding thereof) of all common elements and Private infrastructure in the Project. The Town's review and approval of such document(s) shall not be unreasonably delayed or withheld. Developer shall be responsible for the operation. maintenance. repair. and replacement of all common elements and Private Infrastructure in the Project until such obligations are assumed by the Town in writing or are assigned to a funded property owner's association in the above-referenced declaration(s).
Appears in 2 contracts
Sources: Development Agreement, Development Agreement