D3 Property definition
Examples of D3 Property in a sentence
If a fuel station is placed on the D3 Property and later permanently closes, the Developer shall remove, or cause the removal of, any fuel tanks associated with the fuel station.
The Developer (upon learning of the same) shall give prompt written notice to the City of any damages or destruction to any portion of the D3 Components by fire or other casualty, irrespective of the amount of such damage or destruction, and in such circumstances the Developer shall make the portions of the D3 Property that they control safe and in compliance with all applicable laws as provided herein.
The Developer shall pay the sum of $625,000 (the “▇▇▇▇▇▇ Road Improvement Contribution”) to the City, which amount shall be used by the City, together with any other funds available to it from parties other than Developer, to remove and permanently improve and/or beautify medians and other improvements along ▇▇▇▇▇▇ Road in the vicinity of the D3 Property (the “▇▇▇▇▇▇ Road Improvements”).
Accordingly, the Developer hereby waives any claim to use tax revenues that the City cannot readily identify as having been generated in the D3 Property, and hereby agrees to bring no suit, claim or other action against the City seeking deposit of such use tax revenues into the Special Allocation Fund.
Any organization that is or may become exempt from payment of ad valorem property taxes shall, by its purchase of a portion of the D3 Property and for each year that it is exempt from paying ad valorem property taxes on such portion of the D3 Property, agree to pay to the City, for deposit into the Special Allocation Fund, payments in lieu of taxes equal to the ad valorem real property taxes that would be due on such portion of the D3 Property, but for the organization’s exempt status.
The Developer shall relocate those occupants or businesses displaced from any portion of the D3 Property acquired by the Developer in accordance with and to the extent required by the requirements of the Relocation Policy and any applicable law.