Landscaping Improvements. A. In the event that the Developer is unable to complete the Landscaping Improvements, as identified in this Agreement because of periods of adverse weather, Force Majeure, or for other reasons beyond the Developer’s control, as approved by the City, the Developer may submit to the City an additional Performance Guarantee for only the Landscaping Improvements in the form of a cash payment, a cashier’s check, assignment of funds or an irrevocable letter of credit payable to the City in an amount equal to one hundred fifty percent (150%) of the estimated cost of all uncompleted Landscaping Improvements. Upon receipt of any Performance Guarantee for Landscaping Improvements authorized by this paragraph, in a form acceptable to the City, the City may issue a certificate of occupancy.
Appears in 24 contracts
Samples: 'S Agreement, Developer's Agreement Creekside Village Subdivision, 'S Agreement
