REDUCTION OR RELEASE OF IMPROVEMENT SECURITY. A. Partial releases or reductions in the Developer's improvement security may be authorized prior to the City's acceptance of all Improvements required hereunder, as provided in this Section 6. B. Upon acceptance of all or any specified category of the Improvements by the City Council and upon request of the Developer, the improvement security may be reduced or released as follows:
Appears in 4 contracts
Sources: Development Improvement Agreement, Development Improvement Agreement, Development Improvement Agreement
REDUCTION OR RELEASE OF IMPROVEMENT SECURITY. A. Partial releases or reductions in the DeveloperSUBDIVIDER's improvement security may be authorized prior to the City's acceptance of all Improvements required hereunder, as provided in this Section 6.
B. Upon acceptance of all or any specified category of the Improvements by the City Council and upon request of the DeveloperSUBDIVIDER, the improvement security may be reduced or released as follows:
Appears in 3 contracts
Sources: Subdivision Improvement Agreement, Subdivision Improvement Agreement, Subdivision Improvement Agreement