Common use of Site Development Clause in Contracts

Site Development. 3.1. The Owner agrees to undertake development on the subject lands, at his sole expense, in conformity with the Approved Site Plan as referenced in Schedule “F” attached hereto. 3.2. At the sole discretion of the Municipality, if the Owner fails to obtain a building permit within one (1) year of signing this Agreement then the Agreement may be automatically terminated and the approval granted to the Approved Site Plan is rescinded. 3.3. At the sole discretion of the Municipality, if the Owner has taken out a building permit but has not completed construction within two years of the date of the permit, this Agreement may be automatically terminated and the approval granted to the Approved Site Plan is rescinded. 3.4. The Owner agrees to restore the municipal streets, to current standards, which have been disturbed or damaged during the course of construction, to the satisfaction of the Municipality.

Site Development. 3.1. 3.1 The Owner agrees to undertake development on the subject lands, at his sole expense, in conformity with the Approved Site Plan as referenced in Schedule “F” attached hereto. 3.2. 3.2 At the sole discretion of the MunicipalityCorporation, if the Owner fails to obtain a building permit within one (1) year of signing this Agreement then the Agreement may be automatically terminated and the approval granted to the Approved Site Plan is rescinded. 3.3. 3.3 At the sole discretion of the MunicipalityCorporation, if the Owner has taken out a building permit but has not completed construction within two years of the date of the permit, this Agreement may be automatically terminated and the approval granted to the Approved Site Plan is rescinded. 3.4. 3.4 The Owner agrees to restore the municipal streets, to current standards, which have been disturbed or damaged during the course of construction, to the satisfaction of the MunicipalityCorporation.