Conveyance of the Property. Subject to the terms and conditions of this Agreement, the City agrees to convey vacant infill property zoned for residential use in exchange for Developer’s agreement to construct a residence in conformance with building plans submitted and approved by the City.
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Samples: Cooperative Agreement for Infill Development, Cooperative Agreement for Infill Development, Cooperative Agreement for Infill Development
Conveyance of the Property. Subject to the terms and conditions of this Agreement, the City agrees to convey vacant infill property zoned for residential use in exchange for Developer’s agreement to construct a residence in conformance with building plans submitted and approved by the City. Conveyance of the property by the city as described herein is specifically conditioned upon the Developer obtaining ownership of real estate located at 000 Xxxxxxx Xxxxxx and Developer successfully petitioning for the proper zoning designation for his intended development of 000 xxx 000 Xxxxxxx Xxxxxx.
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