City Parcels. Paragraph 8 shall be stricken from the Agreement.
City Parcels. The term “
City Parcels. Two parcels of real property owned by the City of Xxxx (“City”) improved as parking lots located at (i) 0000 Xxxxxxxx, XXX 0000-000-000, and
City Parcels. City has caused the City Parcels to be appraised and has established that the fair market value of the City Parcels is Two Hundred Fifty Thousand Dollars ($250,000.00). On the terms and conditions of this Agreement, the City shall convey the City Parcels to Developer by a Special Warranty Deed so that Developer may fulfill its obligations under this Agreement, provided that the conveyance of the City Parcels only shall be conducted on, but immediately on, Developer receiving Developer’s first building permits to undertake the Project, as more fully set forth in Section XX of this Agreement. The Special Warranty Deed shall be in the form attached as Exhibit “J” (the “Deed”). Within ten (10) days of the opening of the Escrow (defined below), the City shall execute and deposit the Deed into Escrow to be recorded in the records of the Maricopa County Recorder upon the Closing (defined below).
City Parcels. The City agrees to dedicate that portion of Xxx 00, X.X. (Xxxxxx X) xxx XX 00xx Xxxxxx right-of-way. The City further agrees to declare that portion of Lot 40, I.T. (Parcel
City Parcels. No later than the issuance of its Notice to Proceed as provided in Section 5.4 and contingent upon the reasonably contemporaneous donation of the Hambling Parcels to PWRF as provided herein the City shall: (a ) vacate the involved street rights-of-way and (b) transfer ownership of the City Parcels, increased in size by their respective shares of the vacated street rights-of-way, as shown on Exhibit A, to PWRF pursuant to the Conveyance Agreement and subject to the terms and conditions of the Covenant, substantially in the form of attachment Exhibit E.
