Parcel Development Agreements Sample Clauses
A Parcel Development Agreements clause outlines the terms and conditions under which specific parcels of land within a larger development will be improved, constructed upon, or otherwise developed. This clause typically details the responsibilities of each party regarding design, construction timelines, required permits, and compliance with applicable regulations for each parcel. By clearly defining these obligations, the clause ensures coordinated development, reduces the risk of disputes, and provides a framework for managing the progress and quality of the overall project.
Parcel Development Agreements. City and Developer hereby acknowledge that the development of the Property in accordance with the PAD may be accomplished by Developer through assignments, subleases, joint ventures and/or other dispositions to or arrangements with other experienced investors in or developers of real property. In connection therewith, it is anticipated and contemplated by City and Developer that such persons might desire to become parties to this Agreement or to enter into separate and subordinate Parcel Development Agreements with City and/or Developer. City and Developer hereby agree that any and all Parcel Development Agreements entered into by City with any such developer, investor or Developer shall be subordinate in all respects to the terms and conditions of this Agreement, and in the event of any conflict or discrepancy between the provisions of any such Parcel Development Agreement and the terms and conditions of this Agreement, this Agreement shall govern and control.