DRRA definition
Examples of DRRA in a sentence
The Charitable Foundation shall seek all remaining Development Approvals required to allow the PUD Project to be developed as a planned unit development pursuant to Division 5 of Chapter 1-19 [Section 1-19-10.500, et seq.] of the County Code in effect on the date of this DRRA (attached hereto and made a part hereof as Exhibit “8”).
BOCC agrees to provide reasonable assistance to Charitable Foundation, as necessary, appropriate and consistent with the spirit and intent of this DRRA, in Charitable Foundation’s pursuit of all required state and/or federal approvals necessary to fully develop the PUD Project.
Charitable Foundation guarantee of any public improvements required pursuant to this DRRA or otherwise required for the PUD Project may, at Charitable Foundation’s discretion, be by surety bond in accordance with Resolution No. 14-01, approved by the BOCC on February 6, 2014 (attached hereto as Exhibit “9”).
If the effect of the decision of the Circuit Court revises this Agreement in any material way, then either party to this Agreement may terminate the Agreement by providing notice to all parties to this Agreement within 30 days of the date the Circuit Court decision becomes final and all appeals thereof have been finally determined, and, in this event, the other party so notified hereby agrees to mutually consent to the termination and to comply with all applicable laws concerning termination of a DRRA.
Any provision of this Agreement to the contrary notwithstanding, any amendments to the DRRA Enabling Act or the County DRRA Ordinance that are enacted subsequent to the Effective Date and which add to, delete, or modify, the procedures concerning the termination, appeal, amendment, or suspension of a DRRA shall be applied in their entirety to the enforcement of this Agreement.
The parties to this Agreement may terminate or suspend the Agreement by mutual consent after the BOCC complies with all applicable laws concerning termination or suspension of a DRRA.
The PUD Project has received Phase I approval (concurrent with the approval of this DRRA) for 1,017 dwelling units, in accordance with the APFO ▇▇▇ also approved by the BOCC concurrently with this DRRA.
In the event that some of the public infrastructure improvements required by this DRRA to be made by the Charitable Foundation, require the acquisition of public right-of-way from third-party property owners, the Charitable Foundation shall exercise commercially reasonable efforts to secure such right-of-way without the assistance of the Maryland State Highway Administration (“SHA”) or the County.
The County DRRA Ordinance allows any person aggrieved by this Agreement to file an appeal to the Circuit Court for Frederick County within 30 days of the date on which the parties execute the Agreement.
The parties to this Agreement may amend the Agreement by mutual consent after the BOCC holds a public hearing and complies with all applicable laws concerning amendment of a DRRA.