FOSET definition
Examples of FOSET in a sentence
The FOSET sets forth the basis for the US Army's determination that the Site is suitable for early transfer as per federal government regulations for the transfer process.
A-2 ACREAGE: 770.59 LESS AND EXCEPT THE FOLLOWING KNOWN AS FOSET III: FURTHER LESS AND EXCEPT THE FOLLOWING KNOWN AS ASSOCIATED CREDIT UNION: TRACT A-2 contains 770.59 acres, more or less.
To approve the FOSET and meet the terms of the Consent Agreement, the City established a separate account (the “Remediation Fund”), which was jointly established with the Port and set aside eleven million and four hundred thousand ($11,400,000) for the sole purpose of paying for remediation costs on the EDC Property.
As appropriate, the Parties shall consider advocating for the use of a phased transfer of FOST-eligible properties to the extent such phasing would allow accelerated transfer of less complicated sites critical to development phasing (e.g. Site 13) ahead of the transfer or early transfer under a FOSET of other potentially more complicated sites (e.g. Bunker City).
At the Close of Escrow for Phase I of the Improvements, FORA and the Agency shall assign all of their rights to proceed against the US Army under the terms of the EBS, or FOSET to the Developer.
This includes all notices, restrictions, and requirements imposed pursuant to a CERCLA ROD, Petroleum Corrective Action Plan, FOSET, including restrictions imposed in deeds, covenants, and requirements set forth in Land Use Control Remedial Design Documents, Risk Management Plans, community involvement plans, and health and safety plans.
This includes all restrictions imposed pursuant to a CERCLA ROD, Petroleum Corrective Action Plan, FOSET, including restrictions imposed in deeds, covenants, and requirements set forth in Land Use Control Remedial Design Documents, Risk Management Plans and health and safety plans.
For properties not included in the Development Phase One Property that may be eligible for a FOSET, as may be determined by the Navy, Developer similarly agrees to coordinate with the City to actively and in good faith negotiate FOSETs and related ESCAs that provide for sufficient funds from the Navy to complete the necessary remediation and procure appropriate environmental insurance.
The FOSET document consists of Army findings and determinations of the status of the environmental investigations on the Site.
Developer acknowledges that it has received copies of the EBS and FOSET and is hereby made aware of the notifications contained in the EBS and FOSET, and agrees to be bound thereto as successors-in-interest to FORA.