Common use of Parcel Map Clause in Contracts

Parcel Map. As of the E fective Date of this Agreement, CSU has submitted, and the City is processing, the Parcel Map application, which Parcel Map is intended to (i) accomplish lot line adjustments establishing the CSU Property, the River Park Property, and the balance of the City’s land ownership in the immediate vicinity of the CSU Property as three separate legal parcels and (ii) depict certain public easements and public rights-of-way needed in connection with the future operation of the Project. To the extent consistent with the mutual requirements and objectives of the Parties in connection with the Project, the Parcel Map shall incorporate and identify the permanent locations of (a) the Proposed Public Easement and Right- of-Way Dedications for the benefit and in favor of the City, which are tentatively planned by CSU to be located as depicted on Attachment 13 to this Agreement, and (b) proposed utility easements located within the River Park for the benefit of CSU, which are tentatively planned by CSU to be located as depicted in Attachment 34 to this Agreement. The Parties acknowledge that City sta f provided input to CSU regarding the proposed content of Attachment 13 and Attachment 34 prior to the E fective Date, including input on the standard physical dimensions of easements required by the City for all public utility easements, and that those two Attachments are preliminary in nature and do not reflect City sta f’s input. The City reserves the right to require modifications to CSU’s proposed Parcel Map to reflect City sta f’s prior input, including the need for compliance with all applicable City regulations and standards, and to further reflect any additional input from City sta fin response to CSU’s future provision ofdetailed technical drawings to the City in support of the Parcel Map application. Each Party must consider approval of the Parcel Map in accordance with its own regulations, requirements, and processes. The City will require the Parcel Map to comply with the California Government Code and the City’s applicable regulations and requirements for the approval of Parcel Maps. If CSU’s proposed Parcel Map is not requesting any deviations from the City’s applicable regulations and requirements, the City anticipates that the City’s approval process will be ministerial in nature. If the Parcel Map has been approved by the Parties and signed by all Persons having any record title interest in the real properties being adjusted, CSU shall cause the approved Parcel Map to be recorded in the Official Records. The Parties acknowledge that the recording of the Parcel Map may occur either in connection with the Closing or after the Closing, and is not a condition precedent to the Closing.

Parcel Map. As of the E fective Ef ective Date of this Agreement, CSU has submitted, and the City is processing, the Parcel Map application, which Parcel Map is intended toto‌ (i) accomplish lot line adjustments establishing the CSU Property, the River Park Property, and the balance of the City’s land ownership in the immediate vicinity of the CSU Property as three separate legal parcels and (ii) depict certain public easements and public rights-of-way needed in connection with the future operation of the Project. To the extent consistent with the mutual requirements and objectives of the Parties in connection with the Project, the Parcel Map shall incorporate and identify the permanent locations of (a) the Proposed Public Easement and Right- of-Way Dedications for the benefit and in favor of the City, which are tentatively planned by CSU to be located as depicted on Attachment 13 to this Agreement, and (b) proposed utility easements located within the River Park for the benefit of CSU, which are tentatively planned by CSU to be located as depicted in Attachment 34 to this Agreement. The Parties acknowledge that City sta f staf provided input to CSU regarding the proposed content of Attachment 13 and Attachment 34 prior to the E fective Ef ective Date, including input on the standard physical dimensions of easements required by the City for all public utility easements, and that those two Attachments are preliminary in nature and do not reflect City sta fstaf ’s input. The City reserves the right to require modifications to CSU’s proposed Parcel Map to reflect City sta fstaf ’s prior input, including the need for compliance with all applicable City regulations and standards, and to further reflect any additional input from City sta fin staf in response to CSU’s future provision ofdetailed technical drawings to the City in support of the Parcel Map application. Each Party must consider approval of the Parcel Map in accordance with its own regulations, requirements, and processes. The City will require the Parcel Map to comply with the California Government Code and the City’s applicable regulations and requirements for the approval of Parcel Maps. If CSU’s proposed Parcel Map is not requesting any deviations from the City’s applicable regulations and requirements, the City anticipates that the City’s approval process will be ministerial in nature. If the Parcel Map has been approved by the Parties and signed by all Persons having any record title interest in the real properties being adjusted, CSU shall cause the approved Parcel Map to be recorded in the Official Records. The Parties acknowledge that the recording of the Parcel Map may occur either in connection with the Closing or after the Closing, and is not a condition precedent to the Closing.