Parcel Development Agreement definition

Parcel Development Agreement means a separate and subordinate agreement between the City and Developer or other person setting forth specific terms and conditions for development and/or use of a particular Parcel.

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Parcel Development Agreement means a parcel development agreement among the City the Developer and, if applicable, the Sub-Developer, the District and the Authority relating to the redevelopment of an Undeveloped Parcel, pursuant to which (a) the Sub-Developer will complete or cause to be completed a component of the RPA 1 Redevelopment Project and the District Project to accommodate a Large Retailer and (b) District Sales Tax Revenues generated within the applicable Undeveloped Parcel, both from the Large Retailer and any additional retail uses on the Undeveloped Parcel, may be made available to finance or refinance the components of the District Project completed by the Sub-Developer. For avoidance of doubt, a Parcel Development Agreement may not affect the application of the TIF Portion of the District Sales Tax Revenues, which will continue to be included in Net Revenues available for the repayment of the Bonds.

Parcel Development Agreement means an agreement between the Developer and the Sub-Developer in substantially the form of Exhibit H hereto, wherein the Developer assigns rights and responsibilities under this Agreement with respect to the 4731 Delmar Project or the 4800 Delmar Project to the Sub-Developer.

Examples of Parcel Development Agreement in a sentence

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.
The Developer, or a Sub-Developer acting in accordance with a Parcel Development Agreement, shall pay all costs associated with construction of the Private Development.
Without Landlord’s prior written consent (which consent may be granted or withheld in Landlord’s reasonable discretion), Tenant may not enter into agreements restricting the use of, or granting easements over, the Premises except as permitted in the Development Agreement or any Parcel Development Agreement.
For purposes of clarification, the Parties agree that the Parcel Development Agreement dated as of July 31, 2024 among the Parities relating to the “Lot C Project” (as defined therein) is permitted by the trust indenture associated with the TIF Obligations.
Roll Call Number: 21-1420 Action: Parcel Development Agreement with Slate at ▇▇▇▇’▇ Landing LLC and Redevelopment Plan for construction of senior housing in ▇▇▇▇’▇ Landing and acknowledging amount of parcel grant allocated to the project.
City and Newtown hereby agree that any and all Parcel Development Agreements entered into by City with any such developer, investor or Newtown 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.
The Developer, or a Sub-Developer acting in accordance with a Parcel Development Agreement, shall pay all costs associated with the acquisition of Property necessary for the implementation of the Redevelopment Project.
The Developer, or a Sub-Developer acting in accordance with a Parcel Development Agreement, shall pay all costs associated with the Public Infrastructure Improvements associated with applicable portions of Private Development, subject, however, to reimbursement to the extent such costs are Reimbursable District Project Costs.
In conjunction with such designation, LCRA shall terminate (without cost to Redeveloper) any and all development rights of Wharfside Development Corporation (or any successors’ or assigns’) (“Wharfside”) pursuant to the Agreement for the Redevelopment of the Riverside Urban Redevelopment Area between LCRA and Wharfside dated October 31, 1981, as amended, including any Wharfside rights pertaining to the Redevelopment Area under any Master Parcel Development Agreement (the “Wharfside Termination”).
This Agreement shall terminate on the earliest of the following: (a) termination by the Developer pursuant to Section 5.1; (b) termination by the City pursuant to Section 5.2; or (c) December 31 of the last calendar year during which the Developer or a Sub-Developer receives tax abatement as contemplated by this Agreement and any applicable Parcel Development Agreement.

More Definitions of Parcel Development Agreement

Parcel Development Agreement means an agreement or agreements entered into by the Developer with any Sub- Developer, which agreement or agreements provide for the development of one or more of the Redevelopment Projects and are substantially in the form of Exhibit I to the Redevelopment Agreement, and including without limitation the SLU Parcel Development Agreement.

Parcel Development Agreement means a parcel development agreement among the City, the Developer and, if applicable, any Sub-Developer, setting forth a description of the applicable terms and conditions for the incentives associated with a specific portion of the Private Development. Any Parcel Development Agreement in substantially the form of Exhibit D does not need further approval by the Board of Aldermen. The Mayor is hereby authorized and directed to execute such Parcel Development Agreement on behalf of the City following execution thereof by the Developer and, if applicable, the Sub-Developer.

Parcel Development Agreement means the Parcel Development Agreement dated as of July