Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.
Appears in 3 contracts
Samples: Nabors Project Development Agreement, MLK Place Project Development Agreement, Village at Roosevelt Project Development Agreement
Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.
Appears in 3 contracts
Samples: Healy Murphy Child Development Center Project Development Agreement, Alamo Inn, Mobile Food Truck Park Project Development Agreement
Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon notice to the TIF Division and approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities must acquiesce to such assignment in writing prior to any assignment.
Appears in 1 contract
Assignment by Developer. Developer may sell or transfer its rights and obligations under this Agreement only upon approval and written consent by the Board, as evidenced by Board Resolution, when a qualified purchaser or assignee specifically agrees to assume all of the obligations of the Developer under this Agreement. Any participating taxing entities The City, by and through its Director of the Neighborhood and Housing Services Department or successor department, must acquiesce consent to such assignment in writing prior to any assignment. All approved assignees will be bound by the affordability requirement set forth in Section 2.2 and the project completion requirement set forth in Section 5.1.
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