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4. Building Permits and home construction may proceed during the construction of a Stage and prior to final plating or bonding of any stage with Occupancy Permits for said home construction issued upon and simultaneously with final plating or bonding of said division. 5. The project may be developed over a period of 20 years with a possible five-year extension. It is the Project's goal to be complete within a twelve-year period but as has been experienced during previous years, political, environmental, economic, and development cycles may increase or decrease the development period of the Project. Therefore, the stages and the develop ment period may be slowed or accelerated as circwnstances requires or allow. 6. Market and/or weather or seasonal conditions may impact the rate of development. The Project may be accelerated if approvals and conditions allow for said acceleration. 7. The Project may be slowed if approvals, market conditions and/or other conditions cause said slowing. 8. Indoor and or Outdoor Recreation Facilities may be constructed and operated during any of the phases. 9. The land within the Open Space tracts, Ranch Land tracts and areas that are not being actively developed as home sites may continue to evolve as recreation interests change over the life of the project. 10. If approvals occur later than planned or if other actions or conditions delay development of the Project the entire Project may be delayed and the development shall be extended. 11. The progress of the development of items that include but are not limited to utilities, the transportation corridor and platting delays may accelerate or delay the development of the parcels. 12. The Project is designed in such a manner that each Stage may follow the proceeding Stage but Stages may be constructed simultaneously and at sometjmes out of order. Infrastructure may be constructed beyond the current Stage that is under construction. Attachment C