Common use of Traffic Signal Plans Clause in Contracts

Traffic Signal Plans. Promptly after ▇▇▇▇▇▇▇ confirms in writing that any Warrant Study indicates the need for a traffic signal at Righters Ferry Road and Monument Avenue RFA shall cause its traffic engineer to prepare, submit and process an application for the installation and operation of a traffic signal at Righters Ferry Road and Monument Avenue. The applicant for the traffic signal permit will be the Township and the Township shall cause an authorized representative to sign the permit application provided that the design provides for an acceptable Level of Service D or better, it being understood that the additional improvements at this intersection described above in paragraph 5.p above are believed to provide for proper functioning of the signal. Promptly after the receipt of the traffic signal permit, RFA shall install the traffic signal at its expense. After proper installation by RFA, the Township shall be responsible for the continued operation and maintenance of the traffic signal. RFA will post financial security for the design, permitting and construction of the traffic signal and the other Off-Site Traffic Improvements at the time of issuance of the Building Permit for the Phase I. In the event that none of the Warrant Studies indicate the need for the traffic signal, the Township shall nonetheless continue to hold RFA’s financial security for the traffic signal for a period of 20 years after the date of the Final Warrant Study (“Post- Study Period”). If at any time during the Post-Study Period it is determined that the traffic signal is warranted, RFA shall be responsible for the installation and cost of the traffic signal and RFA’s financial security shall be used for that purpose. After the expiration of the Post- Study Period, RFA’s obligations with regard to the traffic signal will end completely, and the Township shall return to RFA, RFA’s financial security (or any unused portions thereof) for the installation of the traffic signal.

Traffic Signal Plans. Promptly after ▇▇▇▇▇▇▇ confirms in writing that If any of the RFA Warrant Study indicates Studies indicate the need for a traffic signal at Righters Ferry Road and Monument Avenue Road, RFA shall cause its traffic engineer to prepare, submit and process an application for the installation and operation of a traffic signal at Righters Ferry Road and Monument AvenueRoad. The applicant for the traffic signal permit will be the Township and the Township shall cause an authorized representative to sign the permit application provided that the design provides for an acceptable Level of Service D or betterapplication, it being understood that the additional improvements at this intersection described above in paragraph 5.p 5.s above are believed to provide for proper functioning of the signal. Promptly after the receipt of the traffic signal permit, RFA shall install the traffic signal at its expense. After proper installation by RFA, the Township shall be responsible for the continued operation and maintenance of the traffic signal. RFA will post financial security for the design, permitting and construction of the traffic signal and the other Off-Site Traffic Improvements at the time of issuance of the Building Permit for the Phase I. In the event that none of the RFA Warrant Studies indicate the need for the traffic signal, the Township shall nonetheless continue to hold RFA’s financial security for the traffic signal for a period of 20 years after the date of the Final Warrant Study (“Post- Post-Study Period”). If at any time during the first five (5) years of the Post-Study Period it is determined that the traffic signal is warranted, RFA and the Township shall be responsible follow the procedure described in this paragraph 5.t for the installation application, approval, construction, costs, and cost maintenance for the traffic signal. For the balance of the Post-Study Period (years 6-20), RFA will not be required to install the traffic signal and RFA’s financial security its cost exposure for the traffic signal and all costs related thereto shall be used for that purposelimited to the amount in escrow. After the expiration of the Post- Post-Study Period, RFA’s obligations with regard to the traffic signal will end completely, and the Township shall return to RFA, RFA’s financial security (or any unused portions thereof) for the installation of the traffic signal.