NOTICE
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CONSTRUCTION OF ALL REQUIRED IMPROVEMENTS IS TO BE COMPLETED
WITHIN THE TIME FRAME PROVIDED FOR IN THE DEVELOPER'S AGREEMENT
UNLESS AN EXTENSION OF TIME HAS BEEN OBTAINED FROM THE APPROPRIATE
MUNICIPAL AGENCY. THE MUNICIPALITY HAS NO OBLIGATION TO CONSTRUCT
ANY IMPROVEMENTS NOT COMMENCED, NOR TO COMPLETE ANY IMPROVEMENTS COMMENCED
BY DEVELOPER EXCEPT TO THE EXTENT OF FUNDS RECEIVED FROM THE PERFORMANCE
GUARANTEES POSTED BY DEVELOPER WITH THE MUNICIPALITY.
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