Construction of Facilities Out of Sequence. The City and the Port intend to remain flexible over the years to modify the phased approach as needed to respond to market conditions and funding opportunities. The City and the Port may reasonably and mutually agree to construct Facilities referred to in this Agreement out of sequence in Phases 1, 2, and 3 to respond to grant and other funding opportunities or the needs of early phase development projects. A Major Modification of this Agreement will be required to construct a Facility planned for Phase 4 or Phase 5, if obligations to construct Facilities in Phases 1, 2, or 3 are outstanding.
Appears in 3 contracts
Sources: Interlocal Agreement, Interlocal Agreement, Interlocal Agreement