50th & O Street Public Space Sample Clauses

50th & O Street Public Space. The City will acquire the southwest corner of 0000 X Xxxxxx as a future enhanced streetscape public space for the northeast xxxxxx xx 00xx & X Xxxxxx as shown on the Approved Plans (“50th Street & O Street Public Space”). At the Closing, the City will acquire from the Redeveloper the 50th & O Street Public Space for the appraised fair market value. The Redeveloper agrees to install irrigated turf to the 50th & O Street Public Space and maintain the irrigated turf. The City will explore the possibility to (i) expand the 50th Street & O Street Public Space to include the northwest corner of 50th & O Street and (ii) provide future enhanced streetscape and amenities to the 50th Street & O Street Public Space. In the event the City desires to provide further enhanced streetscape and amenities to the 50th Street & O Street Public Space, then the parties will use their best efforts to define the maintenance, repair and replacement responsibilities of the enhanced 50th & O Street Public Space at that time.
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