Examples of Buildout Period in a sentence
Build-out Period All proposed construction (including construction with matching and other funds) and all advance of funds must be completed no later than five years from the time funds are made available.
Applicant shall be allowed to construct the Project such that Substantial Completion is achieved no later than 5 years from the date that all permits necessary to construct the Project are obtained, but in no event later than 6 years from the Effective Date of this Agreement (the "Construction Buildout Period") provided however, that such construction is not delayed by a Force Majeure Event.
During the Buildout Period, the City shall not modify or impose new or additional Conditions of Approval on City Heights beyond those set forth in this Agreement except if: (a) such is required to avoid a serious threat to public health or safety or (b) modification is necessary to prevent a violation of applicable state or federal laws or regulations necessary for approving subsequent development or construction permits for the Project.
Reducing the risk or exposure for a single developer appears to be the most plausible argument for the Extended Build-out Period, yet neither that argument nor any other, can justify the discriminatory effect, from a socio-economic perspective, of delaying the project beyond the original 10-year build-out period.
County agrees that Developer is allowed to construct the Project such that Substantial Completion is achieved no later than 5 years from the date that all permits necessary to construct the Project are obtained in final form, but in no event later than 6 years from the Effective Date of this Agreement (the "Construction Buildout Period") provided however, that such construction is not delayed by a Force Majeure Event.
During the Buildout Period, the City shall not modify or impose new or additional Development Standards beyond those set forth in this Agreement.
The Build-out Period of up to one year for design and installation shall commence immediately following execution of this Agreement and shall end upon Commissioning.
Paragraph 8.3.1 of the City Heights Development Agreement includes the following provision which appears to provide an alternative approval period that would modify the project approval periods established in CEMC 17.100.140: The preliminary plat life shall be extended to the end of the Buildout Period, and thereafter for such additional time as permissible under State law.
The Total Traffic at the Buildout Period of the project as follows:(a) Existing two-way and directional peak season peak hour traffic counts, counted by FDOT, Palm Beach County and/or City, may be used.
Provide the information for all local units involved, if the proposal is a shared service project.25.