Morrisville Unified Development Ordinance – September 2018

ARTICLE 8: PERFORMANCE AND MAINTENANCE ..................................................................... 8-1 Section 8.1. Performance.......................................................................................................................8-1 8.1.1. Review for Compliance ..................................................................................................................................................8-1 8.1.2. Phasing of Development ................................................................................................................................................8-1 A. Phasing Criteria ...............................................................................................................................................................8-1 B. Temporary Measures .....................................................................................................................................................8-1 8.1.3. Payment in Lieu of Construction of Public Street Improvements ............................................................................8-1 A. General .............................................................................................................................................................................8-1 B. Form of in Lieu Payment ................................................................................................................................................8-2 C. Amount of in Lieu Payment............................................................................................................................................8-2 D. Use of in Lieu Funds ........................................................................................................................................................8-2 8.1.4. Performance Guarantees ..............................................................................................................................................8-2 A. General .............................................................................................................................................................................8-2 B. Term of Performance Guarantee ................................................................................................................................8-2 C. Form of Performance Guarantee ................................................................................................................................8-2 D. Amount of Performance Guarantee............................................................................................................................8-3 E. Release or Reduction of Performance Guarantees .................................................................................................8-3 F. Default and Forfeiture of Performance Guarantee ................................................................................................8-4 Section 8.2. Maintenance ......................................................................................................................8-4 8.2.1. General Maintenance Requirement.............................................................................................................................8-4 8.2.2. Maintenance Guarantees ..............................................................................................................................................8-4 A. General .............................................................................................................................................................................8-4 B. Term of Maintenance Guarantees...............................................................................................................................8-5 C. Form of Maintenance Guarantees...............................................................................................................................8-5 D. Amount of Maintenance Guarantees ..........................................................................................................................8-5 E. Release or Reduction of Maintenance Guarantees .................................................................................................8-6 F. Default and Forfeiture of Maintenance Guarantee ................................................................................................8-6