Development Concept and Essential Terms and Conditions Sample Clauses

Development Concept and Essential Terms and Conditions. The proposed development of the Site (the “Development”) shall be substantially consistent with Developer’s proposal submitted in response to the RFP, unless otherwise agreed to by the County. The following are some essential terms to be incorporated in the DDA: 1.
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Development Concept and Essential Terms and Conditions. The proposed development to be negotiated hereunder shall be consistent with the proposals submitted by Concessionaire submitted in response to the RFP, the Managing Agreement, BOR policies, and any other applicable law or governmental regulation. The Parties acknowledge that the Project (including aesthetics, constructability, financial feasibility, environmental requirements, development timetable and other considerations) shall be generally consistent with the design principles set forth below and will be part of the analysis to be undertaken by Concessionaire and the County during the Negotiation Period. The Concessionaire's general design concept provides for conceptual development, construction, and operation of concessions and other recreational opportunities at the Properties, to be memorialized in the DDAs. The essential terms and conditions of any such DDAs entered into with Concessionaire shall be in general conformance with the following requirements: 2.1.1 On February 26, 2021, Concessionaire submitted three proposals to the County in response to the County's issuance of the RFP for concessions at the Properties. The Concessionaire's proposals, which includes a pro forma detailing potential development costs and revenues, constitute the frame of reference for the development to be negotiated hereunder. 2.1.2 The Properties are owned by the federal government and cannot be purchased by Concessionaire. The term of the Managing Agreement is fifty-five (55) years, and the parties anticipate the terms of the DDAs will be co-terminus with the fifty-five (55) year term of the Managing Agreement, including a reasonable period to wind down operations if necessary. The Concessionaire will take possession of the Properties "as is," subject to any easements, covenants, and restrictions with no warranties of any kind, express or implied. 2.1.3 Concessionaire will design, construct, and operate the development on the Properties at its own cost and expense, in accordance with a schedule of performance and the scope of development to be negotiated as part of the DDAs and the plans and specifications prepared by Concessionaire and approved by the County and BOR. 2.1.4 Concessionaire will charge fees for concessions and other facilities developed pursuant to the DDAs. Such fees will be subject to the approval of the County, which shall not be unreasonably withheld. 2.1.5 Concessionaire will secure all necessary planning, zoning and other entitlement and permit ...
Sample 1
Development Concept and Essential Terms and Conditions. The proposed development of the Property to be negotiated hereunder (“Development”) shall be consistent with the Encanto Neighborhoods Community Plan (as applicable) and any other applicable law or governmental regulation. The Parties acknowledge that the precise nature of the Development (including the product type, aesthetic issues, constructability, financial feasibility, environmental requirements, development timetable and other considerations) shall be consistent with the design principles set forth below and will be part of the analysis to be undertaken by Developer and City during the Negotiation Period. The Developer’s general design concept provides for, at a minimum, the development and construction of a mixed-use development, including market rate residential homes, rent restricted residential apartments, commercial space, a restaurant, outdoor community space, open space xxxxxx bisecting the Site, community identity entry sign, and appropriate parking provided at a code minimum or greater. Any supplemental information submitted by the Developer in response to CivicSD’s inquiries, together with the requirements of this Agreement, constitutes the frame of reference for the development of the Property to be negotiated under this Agreement. The essential terms and conditions of any such DDA entered into with the Developer shall be in conformance with the following requirements:
Sample 1
Development Concept and Essential Terms and Conditions. 1. The proposed development to be negotiated hereunder shall be a mixed- use development on the Property (Development or Project). The Developer wishes to develop approximately 7,000SF of commercial ground floor space; six 2 bedroom/2 bath residential units and an open air atrium on the 2nd floor; renovate the existing façade; and provide temporary parking and other on- and off-site improvements including alley improvements and upgrade of the streetscape on University Avenue. 2. The essential terms and conditions of any such DDA entered into with the Developer shall be in conformance with the following requirements: a. Unless otherwise agreed to by the express consent of the Parties in the DDA, the Developer shall pay the Agency an amount calculated as the “reuse value” of the property to be conveyed by the Agency. The “reuse value” shall mean the fair market value of property acquired by a redevelopment agency that is available for reuse or redevelopment, taking into consideration any special encumbrances, conditions, including economic conditions, covenants and restrictions imposed on the property by a redevelopment agency. b. The design and architecture of the Development contemplated by this ENA shall be refined and agreed upon through a collaborative effort of the Developer and the Agency, with all third party associated costs paid by the Developer. c. Although the structure is not currently designated as historical, design and architecture plans shall conform to the Secretary of the Interior’s Standards for Rehabilitation to the extent allowed by the Historic Resources Board. The Developer shall restore and preserve the historic Woolworth’s Building facade. d. The project will incorporate the latest sustainable building concepts and superior architectural and urban design in all aspects, with the goal of achieving a LEED Silver Rating. e. The Developer shall design and construct the Development on the Property, at its own cost and expense, in accordance with a Schedule of Performance to be negotiated as part of the DDA, and in accordance with plans and specifications prepared by the Developer and approved by the Agency. f. The Developer shall design and construct the Development on the Property in accordance with the then applicable land use requirements. The Developer shall also prepare and process applications for and obtain from all federal, state and local governmental entities with jurisdiction over the Property and the Development, all applicab...
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Related to Development Concept and Essential Terms and Conditions

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  • CONTRACT TERMS AND CONDITIONS This section sets forth the terms and conditions of the Contract.

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