Common use of Compensation Agreement Clause in Contracts

Compensation Agreement. Health and Safety Code Section 34191.3 provides that once an LRPMP has been approved by DOF, the LRPMP supersedes all other provisions of the statute relating to the disposition and use of the former redevelopment agency’s real property assets. Nonetheless, in compliance with Health and Safety Code Section 34191.5(c)(2)(A)(iii) and a directive from DOF, with Oversight Board consent, the LRPMP provides that the City of San Xxxx Capistrano will enter into an agreement with the Taxing Entities that addresses disposition of the Site that was conveyed to the City for future development. Notwithstanding the foregoing, this section of this Agreement will not be operative if a court order, legislation or Department of Finance policy reverses the Department’s directive regarding such agreements, and in such event, the City will be permitted to dispose of the Site even if this Agreement has not been executed by all Taxing Entities. Notwithstanding the foregoing, the City agrees that it will comply with the provisions of the LRPMP and Health and Safety Code Section 34180(f)(l) that require payment of Net Sale Proceeds to the Taxing Entities.

Compensation Agreement. Health and Safety Code Section 34191.3 provides that once an LRPMP has been approved by DOF, the LRPMP supersedes all other provisions of the statute relating to the disposition and use of the former redevelopment agency’s real property assets. Nonetheless, in compliance with Health and Safety Code Section 34191.5(c)(2)(A)(iii) and a directive from DOF, consistent with the previous Oversight Board consentaction, the LRPMP provides that the City of San Xxxx Capistrano Cudahy will enter into an agreement with the Taxing Entities taxing entities that addresses disposition of the Site that was 6 Sites to be conveyed to the City for future development. Notwithstanding the foregoing, this section of this Agreement will not be operative if a court order, legislation or Department of Finance policy reverses the Department’s directive regarding such agreements, and in such event, the City will be permitted to dispose of the Site Sites even if this Agreement has not been executed by all Taxing Entities. Notwithstanding the foregoing, the City agrees that it will comply with the provisions of the LRPMP and Health and Safety Code Section 34180(f)(l) that require payment of Net Sale Unrestricted Proceeds to the Taxing Entities.

Compensation Agreement. Health and Safety Code Section 34191.3 provides that once an LRPMP has been approved by DOF, the LRPMP supersedes all other provisions of the statute relating to the disposition and use of the former redevelopment agency’s real property assets. Nonetheless, in compliance with Health and Safety Code Section 34191.5(c)(2)(A)(iii) and a directive from DOF, with Oversight Board consent, the Successor Agency amended the LRPMP provides to provide that the City of San Xxxx Capistrano Buenaventura will enter into an agreement with the Taxing Entities taxing entities that addresses disposition of the Site that was four Parcels to be conveyed to the City for future developmentnon-governmental use pursuant to the Long Range Property Management Plan. Notwithstanding the foregoing, this section of this Agreement will not be operative if a court order, legislation or Department of Finance policy reverses the Department’s directive regarding such agreements, and in such event, the City will be permitted to dispose of the Site Property even if this Agreement has not been executed by all Taxing Entities. Notwithstanding the foregoing, the City agrees that it will comply with the provisions of the LRPMP and Health and Safety Code Section 34180(f)(l) that require payment of Net Sale Unrestricted Proceeds to the Taxing Entities.

Compensation Agreement. Health and Safety Code Section 34191.3 provides that once an LRPMP has been approved by DOF, the LRPMP supersedes all other provisions of the statute relating to the disposition and use of the former redevelopment agency’s real property assets. Nonetheless, in compliance with Health and Safety Code Section 34191.5(c)(2)(A)(iii) and a directive from DOF, with Oversight Board consent, the LRPMP provides that the City of San Xxxx Capistrano Richmond will enter into an agreement with the Taxing Entities taxing entities that addresses disposition of the Site that was seven properties to be conveyed to the City for future development. Notwithstanding the foregoing, this section of this Agreement will not be operative if a court order, legislation or Department of Finance DOF policy reverses the DepartmentDOF’s directive regarding such agreements, and in such event, the City will be permitted to dispose of the Site properties even if this Agreement has not been executed by all Taxing Entities. Notwithstanding the foregoing, the City agrees that it will comply with the provisions of the LRPMP and Health and Safety Code Section 34180(f)(l) that require payment of Net Sale Unrestricted Proceeds to the Taxing Entities.