Developer Agreements and Financial Security

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On-Demand Video
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---------- CLE 1 sub/0 eth PRICE Regular: $49.00
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---------- CLE 1 sub/0 eth PRICE Regular: $49.00
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About

  • Identify Developer as Property Owner
  • For What Common Improvements Can Bond or Other Security Be Required and Drawn Upon?
  • Prevailing Wage Computation of the Cost to Complete the Improvements
  • Letter of Credit Provisions
  • Performance Bonds – Surety Waiver of Notice of Change in Terms of Developer’s Agreement
  • Bonds – Form to Avoid and Language to Request
  • Set Aside or Escrow Agreement Provisions – Murphy’s Law With a Vengeance
  • Set Aside Provisions to Avoid – Township Completion Prior to Disbursement and Automatic Termination Clauses
  • Letter of Credit vs. Bond vs. Set Aside – Bankruptcy Considerations
  • Civil Rights Claims Resulting From Municipality Enforcement of Security
  • No Transfer of Developer’s Agreement Without Consent
  • Confession of Judgment
  • Maintenance of Streets Prior to Acceptance
  • Road Acceptance – Deed of Dedication
  • Provisions Regarding Acceptance of Improvements
  • Cross Easements Between Commercial or Other Properties
  • Restrictive Covenants Review
  • Developer’s Successor Improvements Obligation
  • Insurance and Assurance of Insurance
  • Status of Solicitor/Engineer Post Approval Determinations on Whether Conditions Have Been Met
  • Avoiding Municipal Indemnification Obligation – Traffic Signal Easement

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