Continuing Relationship. The City and the Developer acknowledge that the Revitalization Plan contemplates certain long-term continuing relationships between the City and the Developer or affiliates of the Developer following Closing and following completion of each Approved Phase that are integral to the realization of the goals of the Revitalization Plan. The terms and conditions of such continuing relationships with respect to each Approved Phase are to be more fully described and set forth in various documents which will be executed in connection with the respective Closings. The present understandings between the City and the Developer with respect to such relationships as they relate to the Rental Phases, as will be memorialized and further detailed in separate agreements at the Closings of each Rental Phase, are summarized in the following provisions of this Article 7.
Appears in 5 contracts
Sources: Development Agreement, Development Agreement, Development Agreement