Disposition and Development Agreement. Landlord has acquired the Land pursuant to a Disposition and Development Agreement (the "DDA") with the Agency. Pursuant to the DDA, the Project Garage includes an underground public parking facility (the "City Garage") under certain adjacent land owned by the Agency, which underground parking facility will be connected physically to the portion of the Project Garage located under the Land. In addition, Landlord is obligated to grant the City of Sunnyvale (the "City") the right, pursuant to that certain Declaration of Covenants, Conditions, and Restrictions and Reciprocal Easement Agreement (Downtown Sunnyvale Parking Structures) dated as of November 15, 2000 and recorded November 22, 2000, as Instrument Number 15470449 in the Official Records of Santa Xxxxx County, California (such document being defined as the "Parking REA"), to use the Project Garage for parking in up to 320 parking stalls in evening and weekend hours as specified in the DDA, and also to use the entire Project Garage for "special events" parking in evening and weekend hours up to eight times per year as specified by the City (such rights, and any other similar parking rights granted to the City pursuant to the DDA or the Parking REA, or pursuant to rules and regulations adopted in connection therewith, are defined collectively herein as the "City Parking Rights"). The Parking REA also provides for the allocation of certain shared costs between the City Garage and the Project Garage. All parking rights of Tenant hereunder, and of the other tenants in the Project, are subject to the City Parking Rights. Landlord shall have the right to make reasonable modifications to the Parking Rights, or to create, accept or adopt additional Parking Rights, provided that (except for modifications and additional Parking Rights that are required by the City or by applicable governmental authority, quasi-governmental authority or Laws, which shall not require Tenant's consent), Landlord shall obtain the prior written consent of Tenant to any such modifications or additional Parking Rights that are made after a Reinstatement or Occupancy, which consent shall not be unreasonably withheld, conditioned or delayed so long as they do not materially adversely affect Tenant's Permitted Use of the Premises, Minimum Parking as provided in Paragraph 33, or access to the Premises, and do not materially alter the allocation of Project Costs to the Building or result in Tenant's cost of occupancy of the Premises being ...
Disposition and Development Agreement. Agency and Developer have executed a Disposition and Development Agreement (Center Street Promenade Retail Space) dated for identification purposes as of even date herewith (the “Agreement”), which provides for the sale and construction of improvements upon that certain real property located in the City of Anaheim, County of Orange, State of California, more particularly described in Exhibit A which is attached hereto and incorporated herein by this reference (the “Site”). Copies of the Agreement are available for public inspection and copying as a public record in the office of the Agency Secretary located at Anaheim City Hall, 000 Xxxxx Xxxxxxx Xxxxxxxxx, 0xx Xxxxx, Xxxxxxx, Xxxxxxxxxx, 00000. All of the terms, conditions, provisions and covenants set forth in the Agreement are incorporated in this Memorandum by reference as though fully set forth herein at length, and the Agreement and this Memorandum shall be deemed to constitute a single instrument or document. Capitalized terms not defined herein shall have the meanings ascribed to such terms in the Agreement.
Disposition and Development Agreement. Providing that the Developer has complied with the scope of and schedule for the above requirements, Developer will meet and negotiate diligently and in good faith with the Agency toward preparation of a draft DDA during the course of this Agreement. The DDA will be prepared and negotiated by December 1, 2014.
Disposition and Development Agreement. Subject to the direction of the Commission Board and the outcome of the Owner Participation process and Developer’s progress toward meeting the requirements of Section 4, the Commission staff will meet and negotiate diligently and in good faith with the Developer toward preparation of a draft DDA by November 12, 2008. If a mutually acceptable DDA is negotiated between the parties, then Commission staff will submit the DDA for public hearing and approval by the Commission’s governing board.
Disposition and Development Agreement. 3. Information made available to the residents and a sample of the statement signed by the residents 0000359 Attachment 1 33433 Summary Report Pleasant Acres Mobile Home Park Improvement Project ATTACHMENT Summary Report Pursuant to Section 33433 of the California Health and Safety Code (the California Community Redevelopment Law) on a Disposition And Development Agreement by and between the County of Santa Xxxx Redevelopment Agency and South County Housing for the Pleasant Acres Mobile Home Park (APN: 029-101-40)
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Disposition and Development Agreement. The following are some of the key terms that will be included in the DDA: Term: The term of the DDA will commence on the date of full execution of the DDA after the conditions described in Section XI.E above are satisfied. As to the horizontal development, and subject to the phased release described below, the term of the DDA will continue until the later of (i) the sale or lease of the final development parcel or (ii) the completion of the horizontal development, unless terminated earlier in accordance with the terms of the DDA. Upon the close of escrow for each development parcel conveyed or leased to a vertical developer, (a) the Authority, TICD and, if applicable, the third-party vertical developer will enter into a Vertical DDA, and (b) the Authority will execute and deliver a Certificate of Completion or other appropriate documentation necessary to release the lien of the DDA to the extent that it encumbers such development parcel. The term of each Vertical DDA will continue until the sale of the final unit on the development parcel (or in the case of rental apartment buildings or leased properties, issuance of a temporary certificate of occupancy) in accordance with the Schedule of Performance described below and the Authority's recordation of a Certificate of Completion for the vertical improvements on such development parcel. The DDA will provide for the recordation of a release of its lien contemporaneously with the sale of each unit or issuance of a temporary certificate of occupancy, as applicable, unless earlier terminated as provided in the Vertical DDA. The form of the Vertical DDAs will be an exhibit to the DDA. Conditions to the Authority's Obligation to Transfer and Lease the Property to TICD: For each Major Phase, the Authority will not be obligated to transfer any portion of the Property to TICD by Lease, deed or permit to enter until all applicable conditions set forth in the DDA have been satisfied, including the following: (1) each party has performed all of its obligations under the DDA that are required to be performed prior to close of escrow, including TICD's (a) payment of any funds due and owing at close of escrow, (b) providing any necessary letters of credit or other credit enhancements, (c) executing and delivering a reversionary grant deed and irrevocable escrow instructions in an agreed-upon form attached to the DDA, and (d) with respect to close of escrow for Phases 3 and 4 (but not Phase 2 since Phases 1 and 2 will close...
Disposition and Development Agreement. On , 2020, after a duly noticed public hearing, the City Council, by Resolution No. , approved the Disposition and Development Agreement for the Project (“Disposition and Development Agreement”).
Disposition and Development Agreement. Subject to the approval of a definitive agreement by the Agency Board, the Parties preliminarily agree that the DDA will include the following terms:
Disposition and Development Agreement. City and Developer are parties to that certain Disposition and Development Agreement dated as of , 2019 (the “DDA”), which provides, among other things, for the City’s disposition of the Property to Developer and the Developer’s development on the Property of fifteen (15) townhomes and related infrastructure described in the DDA (“Development”) and Developer’s construction of related site improvements. Capitalized terms used without definition herein shall have the meaning ascribed to such terms in the DDA.
