Subdivision Servicing Agreement

A subdivision servicing agreement is a legal contract between a land developer and the local government that outlines the conditions for the installation and maintenance of public infrastructure and services in a subdivision. This typically includes roads, sidewalks, water and sewer lines, storm drains, streetlights, and other essential items.

The agreement is an important part of the development process, as it ensures that the developer is responsible for the installation and maintenance of infrastructure that meets local standards and codes. It also ensures that the developer is financially responsible for any necessary repairs or upgrades to the infrastructure in the future.

The subdivision servicing agreement is typically negotiated between the developer and the local government, and it outlines the responsibilities of both parties. The developer is responsible for installing the required infrastructure before any lots can be sold or developed, and they must also post a security deposit to cover any repairs or maintenance that may be needed in the future.

The local government is responsible for ensuring that the infrastructure meets all applicable standards and codes, and they must inspect the infrastructure before it can be accepted and maintained by the government. They are also responsible for monitoring the developer’s progress and ensuring that all work is completed on time and to the required standards.

Subdivision servicing agreements are important for both developers and local governments, as they help to ensure that the development process proceeds smoothly and that all infrastructure is installed and maintained to the required standards. They also help to protect the interests of homeowners in the subdivision, as they can be assured that the infrastructure in their community is safe, reliable, and up-to-date.

In conclusion, a subdivision servicing agreement is a crucial legal contract that outlines the responsibilities of both the developer and the local government in installing and maintaining public infrastructure in a subdivision. It is an important part of the development process that helps to ensure that homeowners have access to safe and reliable infrastructure, and that developers are held responsible for their obligations.