Common use of Final Plat Clause in Contracts

Final Plat. Final Drainage and Infrastructure Plans shall be submitted as the “Public Improvement Construction Plans” concurrently with the final plat for the Property. The City hereby agrees that the fiscal posting accompanying the final plat for the Property may be in the form of cash, bond, letter of credit or a construction completion agreement executed by Owner. The form of the construction completion agreement shall be substantially in the same form as the 1) approval of the final plat by the City, 2) fiscal posting or execution of construction completion agreement, 3) recordation of the final plat, and 4) construction of improvements.

Final Plat. Final Drainage and Infrastructure Plans shall be submitted as the “Public Improvement Construction Plans” concurrently with the final plat for the Property. The City hereby agrees that the fiscal posting accompanying the final plat for the Property may be in the form of cash, bond, letter of credit or a construction completion agreement executed by Owner. The form of the construction completion agreement shall be substantially in the same form as the the agreement attached hereto as Exhibit H of Attachment “A”. The final plat shall be acknowledged and agreed and recorded by City prior to construction. For example, the order of sequence will be: 1) approval of the final plat by the City, 2) fiscal posting or execution of construction completion agreement, 3) recordation of the final plat, and 4) construction of improvements.