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.
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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.
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Related to Timely Proceed With Private Development

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Career Development The City and the Union agree that employee career growth can be beneficial to both the City and the affected employee. As such, consistent with training needs identified by the City and the financial resources appropriated therefore by the City, the City shall provide educational and training opportunities for employee career growth. Each employee shall be responsible for utilizing those training and educational opportunities made available by the City or other institutions for the self- development effort needed to achieve personal career goals.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Staff Development As part of their induction, new staff will be made aware of this policy and will be asked to ensure compliance with its procedures at all times.

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things: