King George County Unincorporated, Virginia · General provision
Section 10-4-3, 10-4-4, 10-4-5
Extracted standards
5 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Additional guarantee percentage for administrative costs10 pct
an additional 10% of the total estimated cost of construction
- Maximum completion period for guaranteed improvements24 months
The maximum period for the developer to complete guaranteed improvements shall be 24 months
- Maximum extension for completion12 months
allow an extension of time for the completion of facilities, not to exceed one year
- Maximum percentage of guarantee released through partial releases90 pct
Up to 90% of the original amount of the performance guarantee may be released through periodic partial releases
- Percentage of improvements completed for partial release30 pct
Upon the completion of at least 30% of the improvements covered by a performance guarantee
From the ordinance
The guarantee shall be provided in the following amount: Total estimated cost of construction ... Plus, an additional 10% of the total estimated cost of construction ... Upon the completion of at least 30% of the improvements covered by a performance guarantee, the applicant may file a written request ... Up to 90% of the original amount of the performance guarantee may be released through periodic partial releases ... The maximum period for the developer to complete guaranteed improvements shall be 24 months, unless extended ... not to exceed one year