Time for Commencement of Public Improvements Sample Clauses

Time for Commencement of Public Improvements. The Public Improvements are to be commenced within a period of twelve (12) months from Council's adoption of the ordinance approving this Subdivider’s Agreement unless Council extends this period of time by legislative action. In the event that construction of Public Improvements is not commenced within such twelve (12) month period or within the period pursuant to an extension granted by the City, the City may consider this agreement terminated. However, Subdivider shall, if requested by the City Engineer, provide new engineering estimates of cost of construction of Public Improvements for the Development and the City Engineer may require, if necessary, the Performance Bond, Maintenance Bond and engineering and legal fee deposits to be updated to reflect the revised City Engineer's estimate of cost.