Examples of Master Development Agreement in a sentence
The Site Developer shall not assign any interest in this Agreement except as may be authorized or required to implement the last two sentences of Section 5.3(b) of the Master Development Agreement between the City and XxXxxxxxx Xxxxx Xxxxxxx, Inc.
Master Development Agreement to include 70 townhouse units and 22 workforce housing units in lieu of 225,943 sq.
If no Master Development Agreement is presented to the City by the Owner following the execution of this Agreement by the Parties, or if the City reasonably withholds its approval of the Master Development Agreement, then this Agreement shall terminate and the City and the Owner shall have no obligations under this Agreement.
Further, City agrees that it will not unreasonably withhold its consent to a Master Development Agreement with Owner.
City will agree to lease to Owner certain City property, to be more particularly described in the Master Development Agreement, and Owner will agree to make operational lease payments as more particularly described and provided in a lease agreement, to be entered into by City and Owner at a later date.