Amendment to Development Agreement. 3.1 Section 3.8 of the Development Agreement is reinserted and shall read as follows:
Amendment to Development Agreement. The City and Owner intend to amend and restate the Development Agreement to incorporate the terms and conditions as set forth on Exhibit A attached hereto and incorporated herein.
Amendment to Development Agreement. Exhibit D to the Merger Agreement, the form of Development Agreement, is hereby deleted and the form of Development Agreement attached hereto as Exhibit F is hereby substituted in lieu thereof. 10. Amendment to Section 1.2(d). Section 1.2(d) of the Merger Agreement is hereby deleted in its entirety and the following is hereby substituted in lieu thereof: "EQR shall cause ERP Operating Partnership to execute and deliver, and Merry Land shall cause Spinco to execute and deliver, the Augusta Office Lease." A-49 212 \All references in the Merger Agreement to the Augusta Office Lease shall be deemed to refer to a document in the form attached as Exhibit G to this Amendment. 11.
Amendment to Development Agreement. This Amendment to the Development Agreement dated the 12th day of January, 1996, hereinafter referred to as "Development Agreement", by and between the City of Urbana, an Illinois home-rule municipality, in Champaign County, Illinois (hereinafter referred to as the "City" or "Corporate Authorities", and Xxxxx Foundation (hereinafter referred to as the "Carle", is dated this day of , 2001.
Amendment to Development Agreement. As of the Effective Date, the Development Agreement shall be further amended such that:
Amendment to Development Agreement. Section 2.3 of the Original Agreement is deleted in its entirety and replaced with the following: Prior to execution of that certain Amended and Restated Parking Easement and Cost Sharing Agreement (the “Amended Parking Easement”), between City, Centerpoint Land and CPLP dated as of , 2012, the Property, which included the Xxxxxxx Property and the Centerpoint Land Property was encumbered by a vehicular parking easement which required that a total of 316 vehicular parking stalls be located on the Xxxxxxx Property and the Centerpoint Land Property and otherwise available at all times for the use of the CPLP, City, and other parcels adjacent to the Property (the “Parking Easements”). As a result of various transactions and the execution of the Amended Parking Easement , the Xxxxxxx Property is no longer subject to the Parking Easements. After the development of the Centerpoint Land Property,Centerpoint Land will only be required to provide 271 replacement vehicular parking stalls in accordance with the Amended Parking Easement . The City and Centerpoint Land acknowledge that in order to develop Phases III and IV of the Project in accordance with the Conceptual Development Plan, certain temporary and permanent changes to the Parking Spaces, as defined in the Amended Parking Easement, will be required. In connection therewith, the City and Centerpoint Land herby acknowledge and agree that during the construction of any Improvements on the Centerpoint Land Property, the City and Centerpoint Land shall work together in good faith to notify all permitted users of the Amended Parking Easement of such changes to the Parking Spaces and the commencement and termination date of such changes. Further, during any such construction, subject to the requirements of the City Parking Obligations (as defined in the Amended Parking Easement), the priority of City needs for City employee parking and other contractual obligations, City agrees to allow Centerpoint Land to utilize other parking facilities owned by City.
Amendment to Development Agreement. Assignor and Assignee agree that any amendment to the Development Agreement after the date hereof shall not require the approval of the Assignor.
Amendment to Development Agreement. Assignor and Assignee agree that any amendment to the Development Agreement requiring the approval of the “Owner” that affects the entitlements or development rights for the Sale Property shall require the approval in writing of both Assignor and Assignee. Assignor shall have the right to amend the Development Agreement without the approval of Assignee if the amendment does not affect the entitlements or development rights for the Sale Property under the Development Agreement or otherwise modify the Development Agreement in a manner that materially affects Assignee’s obligations or liabilities thereunder. Hereafter, Assignor shall have no rights as they relate to modification of the Development Agreement solely with respect to the Sale Property.
Amendment to Development Agreement. This Agreement may only be amended or canceled in whole or in part by the mutual consent of both Parties in writing. City’s review and approval of an amendment to this Agreement shall be strictly limited to consideration of only those provisions to be added or modified. No amendment, modification, waiver or change to this Agreement or any provision hereof shall be effective for any purpose unless it is specifically set forth in a writing that expressly refers to this Agreement and is signed by the duly authorized representatives of both Parties. All amendments to this Agreement shall be reviewed by the Planning Commission and considered by the City Council and, if approved, will become part of the Existing Approvals.
Amendment to Development Agreement. In a memorandum dated August 15, 2019, Xxxx Xxxxxxx, President, BC Community Housing (BCCH), formally requested an increase in the housing density limit at Cambrian Rise, from 770 units to a maximum of 950 total residential units, to account for changing market conditions. The Development Agreement, fully executed on January 7, 2016, has a cap of 770 housing units at Cambrian Rise. Any increase in the number of housing units requires an amendment to the Development Agreement. A draft of the First Amendment to the Development Agreement between the City of Burlington and BCCH is attached for your review.
