Timely Proceed With Private Development Clause Samples
The 'Timely Proceed With Private Development' clause requires a party, typically a developer, to begin and continue private development activities within a specified timeframe. This clause often sets deadlines for starting construction, obtaining permits, or completing certain project milestones, and may outline consequences for delays, such as penalties or loss of development rights. Its core function is to ensure that development projects progress without unnecessary delays, thereby providing certainty to all parties involved and preventing stagnation of land or resources.
Timely Proceed With Private Development. Developer shall use good faith efforts to construct the Project during 2021 and 2022, such that the tax increment, employment, and other benefits cited in this Agreement and the Project Plan are actually derived by the Village and other taxing jurisdictions.
Timely Proceed With Private Development. Developer shall use good faith efforts to construct the Project during 2023, such that the economic development and other benefits cited in this Agreement are actually derived by the Village.