Common use of Execution and Recordation Clause in Contracts

Execution and Recordation. (a) No development agreement shall be executed by the Mayor until it has been executed by the applicant. If the applicant has not executed the development agreement, as approved by the Town Council, within 30 days of the Town Council approval, the application for the development agreement shall be deemed withdrawn, and the Mayor shall not execute the development agreement. (b) No later than 10 days after the Town enters into a development agreement, the Town shall record with the County Recorder a copy of the development agreement, which shall describe the land subject thereto. From and after the time of such