Development of Property. Developer shall have the right to develop the Property as set forth in the Vested Approvals and in accordance with this Agreement. City shall have the right to regulate development of the Property in accordance with the provisions of this Agreement.
Development of Property. Subject to the approval of any Governmental Authority with appropriate jurisdiction, Developer shall have the right, but not the obligation, for so long as Developer owns any portion of the Property, or until such earlier date as Developer elects in its sole discretion to relinquish such right, to make improvements and changes to all Common Areas and to all Lots owned by Developer, including without limitation (i) installation and maintenance of any Improvements in or to the Common Areas, (ii) changes in the location of the boundaries of any Lot owned by Developer or of the Common Areas, (iii) installation of any water, sewer and any other utility systems and facilities within the Common Areas, or (iv) any other change or Improvement to any portion of the Common’ Areas or to the Lots owned by Developer.
Development of Property. Developer agrees to develop the Property as residential housing by constructing two 10-unit townhouse multi-family buildings, with development being completed on or before December 31, 2018. The Development shall comply in all respects with the requirements of the Xxxxxxxx Municipal Code, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Xxxxxxxx Municipal Code.
Development of Property. Xxxxxxx and Operator agree to develop the Property as an automobile dealership and related uses, with development commencing on or before December 31, 2013, and being substantially completed on or before December 31, 2014 (the “Development”). The Development shall include the demolition of the current automobile showroom facility, the construction of a new automobile showroom facility, including façade improvements and landscaping improvements, all as depicted on the Site Plan attached as Exhibit B. The Development shall comply in all respects with the requirements of the Xxxxxxxx Municipal Code on the Commencement Date of Development, except as expressly set forth in this Agreement, unless a variance is granted following the procedures set forth in the Xxxxxxxx Municipal Code; provided, however, that the Operator may, by written notice at the time the application for building permit is filed, elect to use the requirements of the Xxxxxxxx Municipal Code on the date of this Agreement. Any election made by Operator as to Code provisions shall apply to the entirety of the Xxxxxxxx Municipal Code on the date elected. The City agrees to promptly review applications for, and, provided the Operator is in compliance with the applicable Rochelle Municipal Code, issue such permits as may be required to facilitate and enable Operator to complete the Development within the time constraints contemplated by this Agreement. The Property, as so developed, shall employ a minimum of twenty five (25) full-time equivalent employees for at least five (5) years. “Commencement Date of Development” is defined, for purposes of this Agreement, as the date that any building permit is issued by the City for any portion of the construction of the Development.
Development of Property. 4.1 The City agrees to the Development of the Property, and the Developer agrees that it will Develop the Property, only in accordance with the terms and conditions of this Agreement and all requirements of the City Code; Ordinance No. 2021-03; and all other applicable laws and regulations, including without limitation all City Ordinances and regulations, all State statutes and regulations, and all Federal laws and regulations.
Development of Property. Casa Grande has approved the Zoning Designation. Casa Grande agrees that the Zoning Designation shall be permanently vested upon the Effective Date pursuant to the terms of this Agreement, and that the Property may be developed substantially in accordance with the Major Site Plan, subject to Developer’s compliance with the terms of this Agreement and all Applicable Laws.
Development of Property. XXXXX agrees, at BUYER’S expense, to combine the Property with BUYER’S adjacent real property, locally known as 000 X. 00xx Xxxxxx (Parcel No. 8418-36-378-006), by filing an affidavit of non-severability in the Office of the Recorder, Marshall County, Iowa, within thirty (30) days of acquiring title to the Property; and to construct upon the Property a residential accessory building of no less than 426 square feet in size, within twenty-four (24) months of acquiring title to the Property, subject to such reasonable extension(s) BUYER and SELLER may mutually agree upon, in writing. BUYER’S development of the Property shall comply with all relevant provisions of the City Code of the City of Marshalltown and BUYER shall obtain all necessary permits and undergo all necessary inspections. The provisions of this Agreement, generally, and this Paragraph, specifically, shall survive closing.
Development of Property. No later than six (6) months from the Effective Date of this Agreement, Developer shall submit to the City an administratively complete application for PAD zoning to be applied to the Property (“Zoning Designation”) that is substantially in compliance with the Proposed Development Plan. No later than twelve (12) months from the Effective Date of this Agreement, Developer shall obtain Final Development Approval of the Zoning Designation.
Development of Property. 6.1 The Buyer agrees to apply for a Development Permit from the County of Paintearth within 1 (one) calendar year from the completion date. Failure to comply with this clause will result in the County’s re-purchasing of the property for the purchase price less initial deposit.
Development of Property. The property will not be developed without the unanimous consent of all of the TIC holders so as to avoid unrelated business taxable income under the IRS Code. Circular 230 Notice: To comply with IRS rules, we must inform you that this memorandum, if it contains advice relating to federal taxes, was not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties that may be imposed under federal tax law. Under these rules, a taxpayer may rely on professional advice to avoid federal tax penalties only if that advice is reflected in a comprehensive tax opinion that conforms to stringent requirements under federal law. OWNERSHIP LIST and SIGNATURE PAGE
