COOPERATION AND COORDINATION WITH SURROUNDING DOWNTOWN REDEVELOPMENT EFFORTS. Purchaser recognizes that the Project is part of a larger Redevelopment Area where other projects are intended to be developed, pursuant to the Redevelopment Plan. Xxxxxxxxx has engaged in discussions with the Township concerning concepts for coordination and integration of the Project with such other redevelopment initiatives and projects and agrees to continue such discussions as the details of the Project Concept Plans are further developed. In accordance therewith, Section 4.3(a) of the Original Redevelopment Agreement is deleted and replaced with the following:
14.1 Purchaser agrees to make good faith efforts to devise a concept to provide the Township use of some portion of its planned parking lot at the end of Xxxxxxx Place for municipal parking.¶
14.2 Purchaser agrees to make good faith efforts to develop a Concept Plan that includes the opening of a connection to Columbia Street to the contemplated parking lot on Xxxxxxx Place.¶ ¶
14.3 Purchaser agrees to make good faith efforts to discuss and consider or propose some form of amenity to the adjacent Xxxxxx Xxxxxx site.¶ ¶
14.4 Purchaser will consider in good faith the extension
(a) Township Approval of Concept Plan. Prior to conclusion of the Due Diligence Period Redeveloper shall provide a more detailed concept plan for Township approval which shall be substituted as Exhibit A to this Agreement. Approval of Redeveloper’s concept plan shall be a completeness item before the Planning Board as part of the Redeveloper’s application for Site Plan approval. The Township has requested that Purchaser review, consider and discuss in good faith the following items in furtherance of potential coordination of the Project with other, yet to be determined, potential surrounding redevelopment projects:
(i) Whether the design of the planned parking lot at the end of Xxxxxxx Place could be expanded, at the Township’s cost, to allow for municipal parking;
(ii) Plans to integrate the connectivity of the movie studio use with the Redevelopment Area; and
(iii) The improvement of rights of way around the Property to alleviate traffic and provide better circulation in the area. Each of the foregoing items shall be considered to the extent same can be feasibly provided consistent with the overall Project concept plan and so as to not interfere with or diminish the design or operations of the planned studio, as well as consideration of the economic feasibility of such items. 4895-2244-0660.v2 The concept plan shall inclu...
COOPERATION AND COORDINATION WITH SURROUNDING DOWNTOWN REDEVELOPMENT EFFORTS. Purchaser recognizes that the Project is part of a larger Redevelopment Area where other projects are intended to be developed, pursuant to the Redevelopment Plan. Xxxxxxxxx has engaged in discussions with the Township concerning concepts for coordination and integration of the Project with such other redevelopment initiatives and projects and agrees to continue such discussions as the details of the Project Concept Plans are further developed. In accordance therewith, Section 4.3(a) of the Original Redevelopment Agreement is deleted and replaced with the following:
