19.5.11.2 Exception to General Rule

A. If the RC Director determines, in their sole discretion, that the completion and installation of off-site facilities is adequately assured (see Section 19.5.6.4), the RC Director may approve the final advance of mortgage Loan proceeds, if the Borrower, through its contractor, diligently pursues the completion of offsite facilities and if the following conditions are met:

1. All off-site sewer, water, electrical, and gas facilities are completely installed and connected;

2. Other off-site facilities such as streets, walks, curbs, and gutters are useable and safe, even if incomplete, and all buildings have all weather vehicular and pedestrian access;

3. Adequate facilities for ingress and egress are provided; and

Applicable escrow agreements are in force to assure the completion of the facilities

B. Borrower, through its contractor, must provide the RC Director with written confirmation of off-site completion under terms consistent with applicable escrow agreements.