Common use of FAILURE TO COMPLETE CONSTRUCTION Clause in Contracts

FAILURE TO COMPLETE CONSTRUCTION. If the Extensions are not completed and accepted within five (5) years from the date this Agreement is executed by the City, Developer’s rights under this Agreement shall cease unless the City consents to the renewal of the Agreement or the City and Developer enter a new agreement. In either event, Developer may be required to pay additional administrative fees and additional legal, engineering, and inspection costs as determined by the City. In the event no new agreement or renewal of this Agreement is entered, the City, in its sole discretion, may proceed to require completion of construction under the provision of Developer’s Performance Bond or Construction Cash Deposit for any Extensions on Developer’s Property, existing rights-of-way and/or easements.

FAILURE TO COMPLETE CONSTRUCTION. If the Extensions are not completed and accepted within five (5) years from the date this Agreement is executed by the City, Developer’s rights under this Agreement shall cease unless the City consents to the renewal of the Agreement or the City and Developer enter a new agreement. In either event, Developer may be required to pay additional administrative fees and additional legal, engineering, and inspection costs as determined by the City. In the event no new agreement or renewal of this Agreement is entered, the City, in its sole discretion, may proceed to require completion of construction under the provision of Developer’s Performance Bond or Construction Cash Deposit for any Extensions on Developer’s Property, existing rights-of-way and/or easements.

FAILURE TO COMPLETE CONSTRUCTION. If the Extensions are not completed and accepted within five (5) years from the date this Agreement is executed by the City, Developer’s rights under this Agreement shall cease unless the City consents to the renewal of the Agreement or the City and Developer enter a new agreement. In either event, Developer may be required to pay additional administrative fees and additional legal, engineering, and inspection costs as determined by the City. In the event no new agreement or renewal of this Agreement is entered, the City, in its sole discretion, may proceed to require completion of construction under the provision of Developer’s Performance Bond or Construction Cash Deposit for any Extensions on Developer’s Property, Additional Owner’s Property, existing rights-of-way and/or easements.

FAILURE TO COMPLETE CONSTRUCTION. If the Extensions are not completed and accepted within five (5) years from the date this Agreement is executed by the City, the Developer’s rights under this Agreement shall cease unless the City consents to the renewal of the Agreement or the City and Developer enter a new agreement. In either event, the Developer may be required to pay additional administrative fees and additional legal, engineering, and inspection costs as determined by the City. In the event no new agreement or renewal of this Agreement is entered, the City, in its sole discretion, may proceed to require completion of construction under the provision of the Developer’s Performance Bond or Construction Cash Deposit for any Extensions on the Developer’s Property, Additional Owner’s Property, existing rights-of-way and/or easements.

FAILURE TO COMPLETE CONSTRUCTION. If the Extensions are not completed and accepted within five (5) years from the date this Agreement is executed by the City, Developer’s rights under this Agreement shall cease unless the City consents to the renewal of the Agreement or the City and Developer enter a new agreement. In either event, Developer may be required to pay additional administrative fees and additional legal, engineering, and inspection costs as determined by the City. In the event no new agreement or renewal of this Agreement is entered, the City, in its sole discretion, may proceed to require completion of construction under the provision of Developer’s Performance Bond or Construction Cash Deposit for any Extensions on Developer’s Property, existing rights-of-way way, and/or easements.