North-South Parkway Sample Clauses

North-South Parkway. Subject to and upon creation of the PID and TIRZ and issuance PID bonds are issued as provided in Section 1816 of this AGREEMENT to provide LANDOWNERS with construction funding, the LANDOWNERS will design and construct North-South Parkway in full as shown on Exhibit K and as one-half of the street cross-sections included in Exhibit L, and with (i) Segment 1 and Segment 2 (as both are defined below) of the North-South Parkway required to be designed and constructed concurrently with the development of PHASE 1 of the PROJECT and completed prior to the CITY’s issuance of any Certificates of Occupancy for homes within PHASE 1, and (ii) the design of the remainder of the North-South Parkway required to be started within 30 days of the execution of this document and construction required to be commenced within 60 days after issuance of permits and will be completed within 18 months of issuance of all necessary permits. The remaining one-half of the North-South Parkway cross section, if required by the project, shall be designed and constructed as development of the XXXXXXXXXX TRACT adjacent to such roadway occurs. Notwithstanding the foregoing or in the subsequent sections and subsections below, LANDOWNERS may design and construct the North-South Parkway in a narrower configuration, if such narrower configuration is recommended by a subsequent roadway sizing analysis approved by the CITY. If the City fails to consent to the creation of the PID and the TIRZ or to issue the PID bonds as provided in Section 1816 of this AGREEMENT, then the LANDOWNERS will design and construct the North-South Parkway in segments as provided in the following Subsectionssubsections.
Sample 1
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