Common use of Development Agreements Clause in Contracts

Development Agreements. To Seller’s knowledge, Seller is not party to any development agreements, improvement agreements or other comparable agreements related to the Property with any city, county, state or other government authority which impose any ongoing obligations on the Property or the owner of the Property, other than any agreements recorded in the real property records of Maricopa County, Arizona and the DSD Wastewater Line Agreement (With Wastewater Line Repayment) dated November 7, 2006 between Tratt Properties and the City of Phoenix. Further, to Seller’s knowledge, Seller has not petitioned for inclusion of the Property into any special taxing or assessment authority or similar governmental entity, except that the Mohave Project may be included in a Foreign Trade Zone at the election of the AMZ Tenant.